Sba Communications (SBAC) Operating Margin (2010 - 2026)
Sba Communications' quarterly Operating Margin came in at 48.74% in Q1 2026, down 168.0% year-on-year from 71.67% in Q1 2025, and up 17.33% quarter-over-quarter from 41.54% in Q4 2025.
Sba Communications has reported Operating Margin for 17 years, with the latest figure at 48.74% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 168.0% year-over-year to 48.74%; the trailing twelve-month figure through Mar 2026 stood at 47.32% (down 656.0% YoY), and the FY2025 full-year result was 47.7%, down 89151.0% from the prior year.
- Operating Margin for Q1 2026 stood at 48.74%, up from 41.54% in the prior quarter.
- The five-year high for Operating Margin was 56.26% in Q3 2024, with the low at 31.06% in Q4 2023.
- Average Operating Margin over 5 years is 42.98%, with a median of 41.54% recorded in 2025.
- Year-over-year, Operating Margin surged 2405 bps in 2024 and plunged 1357 bps in 2025.
- Tracing SBAC's Operating Margin over 5 years: stood at 34.2% in 2022, then retreated by 9 bps to 31.06% in 2023, then surged by 77 bps to 55.12% in 2024, then decreased by 25 bps to 41.54% in 2025, then gained by 17 bps to 48.74% in 2026.
- The last three Operating Margin figures came in at 48.74% (Q1 2026), 41.54% (Q4 2025), and 51.09% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 23.61% |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 45.27% |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | 16.38% |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 46.04% |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 20.41% |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 48.74% |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 14.30% |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 32.90% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 79.37% |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 13.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.74% |
| Dec 31, 2025 | 41.54% |
| Sep 30, 2025 | 51.09% |
| Jun 30, 2025 | 47.90% |
| Mar 31, 2025 | 50.42% |
| Dec 31, 2024 | 55.12% |
| Sep 30, 2024 | 56.26% |
| Jun 30, 2024 | 53.67% |
| Mar 31, 2024 | 49.15% |
| Dec 31, 2023 | 31.06% |
| Sep 30, 2023 | 36.42% |
| Jun 30, 2023 | 35.55% |
| Mar 31, 2023 | 33.18% |
| Dec 31, 2022 | 34.20% |
| Sep 30, 2022 | 35.97% |
| Jun 30, 2022 | 35.43% |
| Mar 31, 2022 | 34.98% |
| Dec 31, 2021 | 33.16% |
| Sep 30, 2021 | 35.94% |
| Jun 30, 2021 | 34.71% |
| Mar 31, 2021 | 31.63% |
| Dec 31, 2020 | 30.81% |
| Sep 30, 2020 | 30.66% |
| Jun 30, 2020 | 30.96% |
| Mar 31, 2020 | 29.24% |
| Dec 31, 2019 | 29.97% |
| Sep 30, 2019 | 30.31% |
| Jun 30, 2019 | 27.28% |
| Mar 31, 2019 | 28.23% |
| Dec 31, 2018 | 31.07% |
| Sep 30, 2018 | 29.54% |
| Jun 30, 2018 | 27.58% |
| Mar 31, 2018 | 28.36% |
| Dec 31, 2017 | 26.88% |
| Sep 30, 2017 | 26.96% |
| Jun 30, 2017 | 26.82% |
| Mar 31, 2017 | 25.47% |
| Dec 31, 2016 | 25.79% |
| Sep 30, 2016 | 26.31% |
| Jun 30, 2016 | 18.26% |
| Mar 31, 2016 | 24.41% |
| Dec 31, 2015 | 20.18% |
| Sep 30, 2015 | 10.49% |
| Jun 30, 2015 | 23.90% |
| Mar 31, 2015 | 21.72% |
| Dec 31, 2014 | 23.87% |
| Sep 30, 2014 | 22.75% |
| Jun 30, 2014 | 21.73% |
| Mar 31, 2014 | 19.43% |
| Dec 31, 2013 | 17.72% |
| Sep 30, 2013 | 19.24% |
| Jun 30, 2013 | 15.27% |
| Mar 31, 2013 | 18.13% |
| Dec 31, 2012 | 10.57% |
| Sep 30, 2012 | 17.21% |
| Jun 30, 2012 | 15.16% |
| Mar 31, 2012 | 20.93% |
| Dec 31, 2011 | 17.40% |
| Sep 30, 2011 | 15.71% |
| Jun 30, 2011 | 15.91% |
| Mar 31, 2011 | 14.25% |
| Dec 31, 2010 | 10.09% |
| Sep 30, 2010 | 13.03% |
| Jun 30, 2010 | 12.96% |
| Mar 31, 2010 | 11.41% |