Sba Communications (SBAC) FCF Margin (2010 - 2026)
Sba Communications (SBAC) posted FCF Margin of 48.2% for Q2 2026, up 64.04% on a QoQ basis from 29.38% in Q1 2026, and up 353.0% year-over-year from 10.64% in Q2 2025.
Analysis
Sba Communications (SBAC) FCF Margin (2010 - 2026) Analysis & Trends
Sba Communications has reported FCF Margin for 17 years, with the latest figure at 48.2% in Q2 2026.
- On a quarterly basis, FCF Margin rose 353.0% year-over-year to 48.2% in Q2 2026; TTM through Jun 2026 was 36.6%, a 237.0% decrease from a year earlier, with the FY2025 full-year figure at 37.88%, down 342.0% from the prior year.
- FCF Margin was 48.2% for Q2 2026 at Sba Communications, up from 29.38% in the prior quarter.
- The five-year high for FCF Margin was 62.41% in Q2 2023, with the low at 29.38% in Q1 2026.
- Average FCF Margin over 5 years is 41.72%, with a median of 38.59% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 2236 bps in 2023, then tumbled 1809 bps in 2024.
- Over 5 years, FCF Margin stood at 32.44% in 2022, then surged by 69 bps to 54.8% in 2023, then sank by 33 bps to 36.7% in 2024, then fell by 9 bps to 33.53% in 2025, then soared by 44 bps to 48.2% in 2026.
- The last three FCF Margin figures came in at 48.2% (Q2 2026), 29.38% (Q1 2026), and 33.53% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 80.60 Bn | 78.84 Bn | 2.72 Bn | 42.41% |
| 2 | Crown Castle | 32.17 Bn | 31.13 Bn | 989.00 Mn | 46.83% |
| 3 | Sba Communications | 19.30 Bn | 19.30 Bn | 539.27 Mn | 48.20% |
| 4 | Array Digital Infrastructure | 3.29 Bn | 2.87 Bn | 30.57 Mn | -91.13% |
| 5 | IHS Holding | 2.84 Bn | 1.76 Bn | 207.10 Mn | 41.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.20% |
| 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% |