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
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%