Discontinued — last reported Q1 '20
Gross Profit
Analysis
How to read this metric
An increase indicates improved site-level operating margins or more efficient management of direct infrastructure costs, while a decrease may signal rising maintenance expenses, increased energy costs, or pricing pressure from mobile carrier tenants.
Detailed definition
Gross profit represents the residual earnings after deducting the direct costs associated with providing telecommunicati...
Peer comparison
Tower REITs typically maintain high gross margins due to the operating leverage inherent in the business model, where incremental tenants add minimal incremental cost to existing tower assets.
gross_profitBusiness Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| U.S. & Canada | $1.09B | $1.09B | $1.08B | $1.1B | $1.08B | $1.1B | $1.1B | $1.06B |
| Property, Latin America | $312.3M | $274.6M | $295.6M | $276.5M | $265M | $284.2M | $305.9M | $346.3M |
| Africa & APAC | — | — | — | $234.3M | $231.8M | $256.7M | $253.6M | $258.5M |
| Data Centers | $131.5M | $133.5M | $137.3M | $144.8M | $159M | $162.7M | $184.2M | $176.8M |
| Property, Europe | $130M | $133.6M | $130.7M | $137M | $146.1M | $154.3M | $156.1M | $168.2M |
| Services | $25.4M | $27.5M | $31.9M | $39.7M | $51.4M | $47.3M | $27.2M | $29.1M |
| Asia-Pacific | $186.9M | $4.4M | $815.4M | — | — | — | — | — |
| Property, Africa | $197.5M | $203.8M | — | — | — | — | — | — |
| Total | — | — | — | — | — | — | — | — |
Asia-Pacific, Property, Africa were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Gross Profit at Other Companies
Frequently Asked Questions
- What does gross profit mean?
- The profit remaining after subtracting the direct costs of operating and maintaining cell towers and data centers from total revenue.