Sba Communications (SBAC) Gross Margin (2010 - 2026)
Sba Communications (SBAC) recorded Gross Margin of 75.39% in Q2 2026, up 0.01 percentage points from 75.38% a year earlier but down 0.25 percentage points from the prior quarter.
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Analysis
Sba Communications (SBAC) Gross Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Sba Communications' Gross Margin came in at 75.18% as of Jun 30, 2026, down 1.76 percentage points year-over-year; for FY2025, it was 75.46%, down 2.84 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -1.67 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 78.29% in FY2024 (+0.88 pp), 77.41% in FY2023 (+2.80 pp), 74.61% in FY2022 (-1.76 pp) and 76.37% in FY2021 (-0.75 pp).
- Quarterly Gross Margin has ranged from 73.72% in Q3 2022 to 79.02% in Q1 2024 over the past five years.
- On a year-over-year basis, Gross Margin rose in 1 of the last eight quarters, with an average year-over-year change of -1.70 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.34 percentage points in Q3 2023, against a drop of 3.40 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 75.64% (Q1 2026), 75.62% (Q4 2025) and 74.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 98.79% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | - |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 98.12% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 75.39% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 68.51% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 52.90% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 56.54% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 48.32% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 55.21% |
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% |
API Access
Sba Communications Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SBAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();