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| 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% |