Sba Communications (SBAC) Net Margin (2010 - 2026)
Sba Communications (SBAC) posted Net Margin of 27.79% for Q2 2026, down 4.51 percentage points from 32.30% a year earlier but up 1.52 percentage points from the prior quarter.
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Analysis
Sba Communications (SBAC) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Sba Communications was 34.51%, up 2.26 percentage points year-over-year; for FY2025, it came in at 37.43%, up 9.46 percentage points from FY2024.
- Annual Net Margin has increased for five consecutive years, with a five-year change of +36.27 percentage points (FY2020 to FY2025).
- In prior years, Sba Communications' Net Margin was 27.97% in FY2024 (+9.47 pp), 18.51% in FY2023 (+0.98 pp), 17.52% in FY2022 (+7.23 pp) and 10.29% in FY2021 (+9.13 pp).
- Quarterly Net Margin has run from a low of 8.11% in Q3 2021 to a high of 51.46% in Q4 2025 over five years.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +7.59 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2022, with a gain of 32.57 percentage points; the weakest was Q2 2022, with a drop of 15.86 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 26.28% (Q1 2026), 51.46% (Q4 2025) and 32.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 31.56% |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 23.03% |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 9.33% |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 27.79% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 26.05% |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 14.83% |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 663.39% |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | -2.05% |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | -1.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.79% |
| Mar 31, 2026 | 26.28% |
| Dec 31, 2025 | 51.46% |
| Sep 30, 2025 | 32.34% |
| Jun 30, 2025 | 32.30% |
| Mar 31, 2025 | 33.23% |
| Dec 31, 2024 | 25.03% |
| Sep 30, 2024 | 38.73% |
| Jun 30, 2024 | 24.65% |
| Mar 31, 2024 | 23.49% |
| Dec 31, 2023 | 16.23% |
| Sep 30, 2023 | 12.81% |
| Jun 30, 2023 | 30.01% |
| Mar 31, 2023 | 14.98% |
| Dec 31, 2022 | 15.05% |
| Sep 30, 2022 | 14.80% |
| Jun 30, 2022 | 10.66% |
| Mar 31, 2022 | 30.43% |
| Dec 31, 2021 | 8.22% |
| Sep 30, 2021 | 8.11% |
API Access
Sba Communications Net 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=net-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();