Sba Communications (SBAC) Gross Margin (2010 - 2026)
Sba Communications (SBAC) posted Gross Margin of 75.39% for Q2 2026, little changed on a QoQ basis from 75.64% in Q1 2026, and up 1.0% year-over-year from 74.65% in Q2 2025.
Analysis
Sba Communications (SBAC) Gross Margin (2010 - 2026) Analysis & Trends
Sba Communications has reported Gross Margin for 16 years, with the latest figure at 75.39% in Q2 2026.
- On a quarterly basis, Gross Margin rose 1.0% year-over-year to 75.39% in Q2 2026; TTM through Jun 2026 was 75.18%, a 176.0% decrease from a year earlier, with the FY2025 full-year figure at 75.46%, down 284.0% from the prior year.
- Gross Margin was 75.39% for Q2 2026 at Sba Communications, roughly flat from 75.64% in the prior quarter.
- The five-year high for Gross Margin was 79.02% in Q1 2024, with the low at 73.72% in Q3 2022.
- Average Gross Margin over 5 years is 76.35%, with a median of 75.66% recorded in 2026.
- The sharpest annual moves came in 2023 and 2025: Gross Margin surged 434 bps in 2023, then sank 340 bps in 2025.
- Over 5 years, Gross Margin stood at 74.91% in 2022, then advanced by 5 bps to 78.62% in 2023, then dropped by 1 bps to 78.07% in 2024, then dropped by 3 bps to 75.62% in 2025, then decreased by 0 bps to 75.39% in 2026.
- The last three Gross Margin figures came in at 75.39% (Q2 2026), 75.64% (Q1 2026), and 75.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 80.54 Bn | 78.77 Bn | 2.72 Bn | 98.79% |
| 2 | Crown Castle | 31.90 Bn | 30.86 Bn | 989.00 Mn | 98.12% |
| 3 | Sba Communications | 19.24 Bn | 19.24 Bn | 539.27 Mn | 75.39% |
| 4 | Array Digital Infrastructure | 3.30 Bn | 2.88 Bn | 30.57 Mn | 56.54% |
| 5 | IHS Holding | 2.84 Bn | 1.77 Bn | 207.10 Mn | 48.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.39% |
| 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% |