Sba Communications (SBAC) FCF Margin (2010 - 2026)
Sba Communications' (SBAC) quarterly FCF Margin came in at 29.38% in Q1 2026, down 901.0% year-on-year from 3.67% in Q1 2025, and down 12.38% quarter-over-quarter from 33.53% in Q4 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.
- On a quarterly basis, FCF Margin fell 901.0% year-over-year to 29.38% in Q1 2026; TTM through Mar 2026 was 35.67%, a 622.0% decrease from a year earlier, with the FY2025 full-year figure at 37.88%, down 342.0% from the prior year.
- FCF Margin eased to 29.38% in Q1 2026 per SBAC's latest filing, from 33.53% in the prior quarter.
- Across five years, FCF Margin topped out at 62.41% in Q2 2023 and bottomed at 29.38% in Q1 2026.
- The 5-year median for FCF Margin is 38.39% (2025), against an average of 41.34%.
- Across the five-year window, FCF Margin surged 2236 bps in 2023 and plunged 1809 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 32.44% in 2022, then jumped by 69 bps to 54.8% in 2023, then plunged 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.
- Per Business Quant, the three latest SBAC FCF Margin figures stand at 29.38% (Q1 2026), 33.53% (Q4 2025), and 35.23% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | -22.05% |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 47.17% |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | -20.65% |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 1.89% |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 922.45% |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 29.38% |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 1.68% |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 21.64% |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 37.80% |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn | 10.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |