Sba Communications (SBAC) Net Margin (2010 - 2026)

Sba Communications' (SBAC) quarterly Net Margin came in at 26.29% in Q1 2026, down 652.0% year-on-year from 4.76% in Q1 2025, and up 178.48% quarter-over-quarter from 33.49% in Q4 2025.

Sba Communications (SBAC) Net Margin (2010 - 2026) Analysis & Trends

Sba Communications' Net Margin history runs 17 years deep, the most recent figure standing at 26.29% for Q1 2026.

  • On a quarterly basis, Net Margin fell 652.0% year-over-year to 26.29% in Q1 2026; TTM through Mar 2026 was 14.37%, a 1538.0% decrease from a year earlier, with the FY2025 full-year figure at 15.74%, down 1171.0% from the prior year.
  • Net Margin climbed to 26.29% in Q1 2026 per SBAC's latest filing, from 33.49% in the prior quarter.
  • Across five years, Net Margin topped out at 38.33% in Q3 2024 and bottomed at 55.37% in Q4 2022.
  • The 5-year median for Net Margin is 23.89% (2024), against an average of 16.14%.
  • Across the five-year window, Net Margin soared 7160 bps in 2023 and sank 5738 bps in 2025, its largest moves.
  • Year by year, Net Margin stood at 55.37% in 2022, then surged by 129 bps to 16.23% in 2023, then jumped by 47 bps to 23.89% in 2024, then tumbled by 240 bps to 33.49% in 2025, then soared by 178 bps to 26.29% in 2026.
  • Per Business Quant, the three latest SBAC Net Margin figures stand at 26.29% (Q1 2026), 33.49% (Q4 2025), and 32.83% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn 16.98%
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 31.40%
3 Digital Realty Trust 61.91 Bn 61.08 Bn - 5.80%
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 7.42%
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 563.27%
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 26.29%
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 9.03%
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 19.17%
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 57.00%
10 Rayonier 6.43 Bn 5.79 Bn 46.45 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 26.29%
Dec 31, 2025 -33.49%
Sep 30, 2025 32.83%
Jun 30, 2025 32.29%
Mar 31, 2025 32.80%
Dec 31, 2024 23.89%
Sep 30, 2024 38.33%
Jun 30, 2024 24.14%
Mar 31, 2024 23.49%
Dec 31, 2023 16.23%
Sep 30, 2023 12.51%
Jun 30, 2023 29.77%
Mar 31, 2023 14.89%
Dec 31, 2022 -55.37%
Sep 30, 2022 14.77%
Jun 30, 2022 10.61%
Mar 31, 2022 30.38%
Dec 31, 2021 -33.64%
Sep 30, 2021 8.11%
Jun 30, 2021 26.53%