Sba Communications (SBAC) Operating Margin (2010 - 2026)
Sba Communications (SBAC) posted quarterly Operating Margin of 48.74% for Q1 2026, down 168.0% year-over-year from 71.67% in Q1 2025, and up 17.33% quarter-over-quarter from 41.54% in Q4 2025.
Sba Communications (SBAC) Operating Margin (2010 - 2026) Analysis & Trends
Sba Communications' Operating Margin history runs 17 years deep, the most recent figure standing at 48.74% for Q1 2026.
- In Q1 2026, Operating Margin fell 168.0% year-over-year to 48.74%; the TTM figure through Mar 2026 stood at 47.32% (down 656.0% YoY), while the FY2025 annual figure was 47.7%, down 588.0% 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.
- The 5-year median for Operating Margin is 41.54% (2025), against an average of 42.98%.
- The sharpest annual moves came in 2024 and 2025: Operating Margin surged 2405 bps in 2024, then tumbled 1357 bps in 2025.
- Sba Communications' Operating Margin stood at 34.2% in 2022, then declined by 9 bps to 31.06% in 2023, then soared by 77 bps to 55.12% in 2024, then fell by 25 bps to 41.54% in 2025, then increased by 17 bps to 48.74% in 2026.
- Business Quant data shows SBAC's Operating Margin at 48.74% in Q1 2026, 41.54% in Q4 2025, and 51.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 25.33% |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 46.15% |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | 24.28% |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 18.41% |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 46.63% |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 49.19% |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 11.94% |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 33.72% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 77.21% |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 8.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.19% |
| 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% |