Sba Communications (SBAC) Operating Margin (2010 - 2026)
Sba Communications (SBAC) posted Operating Margin of 49.19% for Q2 2026, up 1.30 percentage points from 47.90% a year earlier and up 0.45 percentage points from the prior quarter.
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Analysis
Sba Communications (SBAC) Operating Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Sba Communications was 47.65%, down 4.75 percentage points year-over-year; for FY2025, it came in at 47.70%, down 5.88 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +17.28 percentage points (FY2020 to FY2025).
- In prior years, Sba Communications' Operating Margin was 53.58% in FY2024 (+19.52 pp), 34.06% in FY2023 (-1.08 pp), 35.14% in FY2022 (+1.25 pp) and 33.89% in FY2021 (+3.47 pp).
- Quarterly Operating Margin has run from a low of 31.06% in Q4 2023 to a high of 56.26% in Q3 2024 over five years.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +2.53 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2024, with a gain of 24.05 percentage points; the weakest was Q4 2025, with a drop of 13.57 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 48.74% (Q1 2026), 41.54% (Q4 2025) and 51.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 46.15% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | 24.28% |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 46.63% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 49.19% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 33.72% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 22.22% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 738.42% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 19.32% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 20.33% |
Historic Data
Download Data
Historic 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% |
API Access
Sba Communications Operating 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=operating-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();