Sba Communications (SBAC) FCF Margin (2010 - 2026)

Sba Communications (SBAC) recorded quarterly FCF Margin of 29.38% in Q1 2026, down 12.38% quarter-over-quarter from 33.53% in Q4 2025, and down 901.0% on a YoY basis from 3.67% in Q1 2025.

Sba Communications (SBAC) FCF Margin (2010 - 2026) Analysis & Trends

Sba Communications' FCF Margin history runs 17 years deep, the most recent figure standing at 29.38% for Q1 2026.

  • In Q1 2026, FCF Margin fell 901.0% year-over-year to 29.38%; the TTM figure through Mar 2026 stood at 35.67% (down 622.0% YoY), while the FY2025 annual figure was 37.88%, down 68608.0% from the prior year.
  • FCF Margin was 29.38% for Q1 2026 at Sba Communications, down from 33.53% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 62.41% in Q2 2023 to a low of 29.38% in Q1 2026.
  • Historically, FCF Margin has averaged 41.34% across 5 years, with a median of 38.39% in 2025.
  • The sharpest annual moves came in 2023 and 2024: FCF Margin soared 2236 bps in 2023, then plunged 1809 bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 32.44% in 2022, then jumped by 69 bps to 54.8% in 2023, then slumped by 33 bps to 36.7% in 2024, then declined by 9 bps to 33.53% in 2025, then decreased by 12 bps to 29.38% in 2026.
  • The last three FCF Margin figures came in at 29.38% (Q1 2026), 33.53% (Q4 2025), and 35.23% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 24.30%
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 34.74%
3 Digital Realty Trust 63.76 Bn 62.92 Bn - -20.65%
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 44.75%
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 1.89%
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 29.38%
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 1.68%
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 34.95%
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 37.80%
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 16.76%

Historic Data

Download Data
DateValue
Mar 31, 2026 29.38%
Dec 31, 2025 33.53%
Sep 30, 2025 35.23%
Jun 30, 2025 44.67%
Mar 31, 2025 38.39%
Dec 31, 2024 36.70%
Sep 30, 2024 35.93%
Jun 30, 2024 56.87%
Mar 31, 2024 35.96%
Dec 31, 2023 54.80%
Sep 30, 2023 36.96%
Jun 30, 2023 62.41%
Mar 31, 2023 38.79%
Dec 31, 2022 32.44%
Sep 30, 2022 40.72%
Jun 30, 2022 48.95%
Mar 31, 2022 41.06%
Dec 31, 2021 42.89%
Sep 30, 2021 37.00%
Jun 30, 2021 55.94%