Sba Communications (SBAC) Gross Margin (2010 - 2026)
Sba Communications (SBAC) recorded quarterly Gross Margin of 75.64% in Q1 2026, little changed quarter-over-quarter from 75.62% in Q4 2025, and down 122.0% on a YoY basis from 343.83% in Q1 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.
- In Q1 2026, Gross Margin fell 122.0% year-over-year to 75.64%; the TTM figure through Mar 2026 stood at 75.17% (down 259.0% YoY), while the FY2025 annual figure was 75.46%, down 129690.0% from the prior year.
- Gross Margin was 75.64% for Q1 2026 at Sba Communications, roughly flat from 75.62% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.02% in Q1 2024 to a low of 73.72% in Q3 2022.
- Historically, Gross Margin has averaged 76.41% across 5 years, with a median of 75.68% in 2023.
- The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 434 bps in 2023, then slumped 340 bps in 2025.
- A 5-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 75.64% (Q1 2026), 75.62% (Q4 2025), and 74.08% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.53 Bn | 101.50 Bn | 2.20 Bn | 90.14% |
| 2 | American Tower | 86.20 Bn | 92.70 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 63.76 Bn | 62.92 Bn | - | - |
| 4 | Crown Castle | 38.57 Bn | 38.52 Bn | 984.00 Mn | 97.43% |
| 5 | Iron Mountain | 37.41 Bn | 37.43 Bn | 1.05 Bn | 54.04% |
| 6 | Sba Communications | 20.70 Bn | 20.79 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.74 Bn | 17.44 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 15.68 Bn | 15.63 Bn | 403.56 Mn | 67.72% |
| 9 | Gaming & Leisure Properties | 13.22 Bn | 13.62 Bn | - | - |
| 10 | OUTFRONT Media | 5.51 Bn | 5.47 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% |