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SBA Communications SBAC Operating margin

Operating margin at other companies

Verizon Communications logo
Verizon CommunicationsVZ
21.2%-0.3pp
AT&T logo
AT&TT
19.8%+4.4pp
Crown Castle logo
Crown CastleCCI
47.9%-0.1pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
23.6%-0.4pp
EchoStar logo
EchoStarSATS
-116.5%-119pp

Other financials

Income statement

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Revenue$703.4M+5.9%
Gross profit$664.0M+6.1%
Operating income$342.8M+2.4%
Net income$184.8M-16.3%
EPS (diluted)$1.74-14.7%

Balance sheet

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Cash & equivalents$332.5M-49.9%
Total debt$13.0B+4.3%
Total equity-$4.8B+4.4%
Total assets$11.7B+12.2%

Cash flow

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Operating cash flow$255.1M-15.3%
CapEx$48.4M+4.8%
Free cash flow$206.7M-19.0%

Valuation

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Market cap$20.32B-23.2%
Enterprise value$32.95B-13.1%
P/E20×-12.5×
P/S7.1×-2.7×

Profitability

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Gross margin93%-2.0pp
Net margin35.7%+5.3pp

Returns & leverage

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Return on equity-11.1%
Debt / equity-2.7×
Current ratio0.2×-0.5×

Where this comes from

Calculated from SBA Communications’s reported figures.

Based on trailing twelve months.

The official record: SBA Communications’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SBA Communications's operating margin?
SBA Communications (SBAC) reported operating margin of 47.3% in Q1 2026.
How has SBA Communications's operating margin changed year-over-year?
SBA Communications's operating margin decreased by 12.2% year-over-year, from 53.9% to 47.3%.
What is the long-term trend for SBA Communications's operating margin?
Over 4 years (2021 to 2025), SBA Communications's operating margin has grown at a 12.0% compound annual growth rate (CAGR), from 130.3% to 205.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.