Sba Communications (SBAC) Gross Margin (2010 - 2026)
Sba Communications' (SBAC) quarterly Gross Margin came in at 75.64% in Q1 2026, down 122.0% year-on-year from 343.83% in Q1 2025, and little changed quarter-over-quarter from 75.62% in Q4 2025.
Sba Communications (SBAC) Gross Margin (2010 - 2026) Analysis & Trends
Sba Communications' Gross Margin history runs 16 years deep, the most recent figure standing at 75.64% for Q1 2026.
- On a quarterly basis, Gross Margin fell 122.0% year-over-year to 75.64% in Q1 2026; TTM through Mar 2026 was 75.17%, a 259.0% decrease from a year earlier, with the FY2025 full-year figure at 75.46%, down 284.0% from the prior year.
- Gross Margin steadied at 75.64% in Q1 2026 per SBAC's latest filing, from 75.62% in the prior quarter.
- Across five years, Gross Margin topped out at 79.02% in Q1 2024 and bottomed at 73.72% in Q3 2022.
- The 5-year median for Gross Margin is 75.68% (2023), against an average of 76.41%.
- Across the five-year window, Gross Margin soared 434 bps in 2023 and slumped 340 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 74.91% in 2022, then gained by 5 bps to 78.62% in 2023, then slipped by 1 bps to 78.07% in 2024, then slipped by 3 bps to 75.62% in 2025, then rose by 0 bps to 75.64% in 2026.
- Per Business Quant, the three latest SBAC Gross Margin figures stand at 75.64% (Q1 2026), 75.62% (Q4 2025), and 74.08% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 103.55 Bn | 100.50 Bn | 1.26 Bn | 51.47% |
| 2 | American Tower | 77.96 Bn | 77.83 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 66.78 Bn | 64.35 Bn | - | - |
| 4 | Iron Mountain | 37.41 Bn | 37.16 Bn | 1.05 Bn | 54.04% |
| 5 | Crown Castle | 32.60 Bn | 32.54 Bn | 23.00 Mn | 46.94% |
| 6 | Sba Communications | 18.33 Bn | 18.33 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.36 Bn | 17.06 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 16.42 Bn | 16.38 Bn | 344.69 Mn | 65.28% |
| 9 | Gaming & Leisure Properties | 12.83 Bn | 12.83 Bn | - | - |
| 10 | OUTFRONT Media | 5.67 Bn | 5.60 Bn | 202.10 Mn | 47.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.64% |
| Dec 31, 2025 | 75.62% |
| Sep 30, 2025 | 74.08% |
| Jun 30, 2025 | 75.38% |
| Mar 31, 2025 | 76.87% |
| Dec 31, 2024 | 78.07% |
| Sep 30, 2024 | 77.48% |
| Jun 30, 2024 | 78.61% |
| Mar 31, 2024 | 79.02% |
| Dec 31, 2023 | 78.62% |
| Sep 30, 2023 | 78.06% |
| Jun 30, 2023 | 77.27% |
| Mar 31, 2023 | 75.68% |
| Dec 31, 2022 | 74.91% |
| Sep 30, 2022 | 73.72% |
| Jun 30, 2022 | 74.54% |
| Mar 31, 2022 | 75.33% |
| Dec 31, 2021 | 76.49% |
| Sep 30, 2021 | 76.24% |
| Jun 30, 2021 | 76.41% |