Sba Communications (SBAC) Operating Margin (2010 - 2026)

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 89151.0% from the prior year.
• Operating Margin was 48.74% for Q1 2026 at Sba Communications, up from 41.54% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 56.26% in Q3 2024 to a low of 31.06% in Q4 2023.
• Historically, Operating Margin has averaged 42.98% across 5 years, with a median of 41.54% in 2025.
• The sharpest annual moves came in 2024 and 2025: Operating Margin soared 2405 bps in 2024, then plunged 1357 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 34.2% in 2022, then fell by 9 bps to 31.06% in 2023, then jumped by 77 bps to 55.12% in 2024, then retreated by 25 bps to 41.54% in 2025, then rose 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.