Sba Communications (SBAC) Operating Margin (2009 - 2025)

Sba Communications' Operating Margin history runs 17 years deep, the most recent figure standing at 47.7% for FY2025.

• 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 47.7% for FY2025 at Sba Communications, down from 939.21% in the prior year.
• In the past five years, Operating Margin ranged from a high of 939.21% in FY2024 to a low of 25.9% in FY2021.
• Historically, Operating Margin has averaged 276.74% across 5 years, with a median of 59.18% in 2023.
• The sharpest annual moves came in 2024 and 2025: Operating Margin surged 88004 bps in 2024, then plunged 89151 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 25.9% in 2021, then jumped by 1103 bps to 311.71% in 2022, then slumped by 81 bps to 59.18% in 2023, then soared by 1487 bps to 939.21% in 2024, then plunged by 95 bps to 47.7% in 2025.
• The last three Operating Margin figures came in at 47.7% (FY2025), 939.21% (FY2024), and 59.18% (FY2023), per Business Quant data.