Sba Communications (SBAC) Net Margin (2010 - 2026)
Sba Communications (SBAC) posted Net Margin of 27.47% for Q2 2026, up 4.5% on a QoQ basis from 26.29% in Q1 2026, and down 482.0% year-over-year from 7.19% in Q2 2025.
Analysis
Sba Communications (SBAC) Net Margin (2010 - 2026) Analysis & Trends
Sba Communications has reported Net Margin for 17 years, with the latest figure at 27.47% in Q2 2026.
- On a quarterly basis, Net Margin fell 482.0% year-over-year to 27.47% in Q2 2026; TTM through Jun 2026 was 32.01%, a 393.0% increase from a year earlier, with the FY2025 full-year figure at 34.85%, up 1114.0% from the prior year.
- Net Margin was 27.47% for Q2 2026 at Sba Communications, up from 26.29% in the prior quarter.
- The five-year high for Net Margin was 41.3% in Q4 2025, with the low at 6.73% in Q4 2023.
- Average Net Margin over 5 years is 23.14%, with a median of 25.21% recorded in 2026.
- The largest YoY upside for Net Margin was 3252 bps in 2022 against a maximum downside of 1592 bps in 2022.
- Over 5 years, Net Margin stood at 8.48% in 2022, then fell by 21 bps to 6.73% in 2023, then soared by 41 bps to 9.46% in 2024, then soared by 337 bps to 41.3% in 2025, then tumbled by 33 bps to 27.47% in 2026.
- The last three Net Margin figures came in at 27.47% (Q2 2026), 26.29% (Q1 2026), and 41.3% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 80.54 Bn | 78.77 Bn | 2.72 Bn | 31.56% |
| 2 | Crown Castle | 31.90 Bn | 30.86 Bn | 989.00 Mn | 1.88% |
| 3 | Sba Communications | 19.24 Bn | 19.24 Bn | 539.27 Mn | 27.47% |
| 4 | Array Digital Infrastructure | 3.30 Bn | 2.88 Bn | 30.57 Mn | 670.54% |
| 5 | IHS Holding | 2.84 Bn | 1.77 Bn | 207.10 Mn | -2.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.47% |
| Mar 31, 2026 | 26.29% |
| Dec 31, 2025 | 41.30% |
| Sep 30, 2025 | 32.83% |
| Jun 30, 2025 | 32.29% |
| Mar 31, 2025 | 32.80% |
| Dec 31, 2024 | 9.46% |
| Sep 30, 2024 | 38.33% |
| Jun 30, 2024 | 24.14% |
| Mar 31, 2024 | 23.49% |
| Dec 31, 2023 | 6.73% |
| Sep 30, 2023 | 12.51% |
| Jun 30, 2023 | 29.77% |
| Mar 31, 2023 | 14.89% |
| Dec 31, 2022 | 8.48% |
| Sep 30, 2022 | 14.77% |
| Jun 30, 2022 | 10.61% |
| Mar 31, 2022 | 30.38% |
| Dec 31, 2021 | 4.01% |
| Sep 30, 2021 | 8.11% |