I speak from past experience, having had a similar situation in a revenue generating role. I was passed up on a promotion once, and it was explained that although I was completely and justifiably qualified to take on a leadership role, the company viewed it too risky to move me up since I closed many lucrative deals in my enterprise role and my relationship to the accounts were viewed as more important to the company. It was more of a "you're in your zone" mentality rather than we could use your skills to advance the company further.
My advice here would be to create a strategy that allows you to take on a leadership role while also keeping an eye on those accounts that have the long game investment you've put in for the company and over time putting them in qualified and guided hands. Put it to paper and present it to your leadership. Doing so, while advocating why you'd make a great asset in leadership while caring for and laying down the ground work for a successful future. It feels defeating not being recognized with a promotion, but when you're good at something that brings the company money, the fear is that taking you away from what you're clearly great at, sets the company back significantly in their eyes.
The positive here is that they can't afford to let you go, promotion or otherwise. Which gives you power. They'd go bananas if you left to work with a competitor. You could ask for a title, better base pay compensation, profit scheme, better company stock options, 100% paid medical, if that's not already in your package.
Sometimes it's also the "good ol' boy effect" and nothing to do with you and that should make you angry if you were passed up for someone that fits their image of a leader. If that's the case, take a course on leadership because there may be something that isn't helping you stand out as a leader, again in their eyes and use your skills to get close to the people that make these decisions.
Don't lose faith, just become more knowledgeable about what it takes to be considered for such advancements. What was once a clear sign of hunger and pursuit, no longer accounts for anything these days and sometimes comes down to literally who you're friends with. Knowledge is your hammer here and you've got this nailed. Go get it!!
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