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| Date | Value |
|---|---|
| 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% |