What are SBA Communications's profit margins?

SBA Communications (SBAC) runs a 93.0% gross margin and a 47.3% operating margin, with a 35.7% net margin.

Where do SBA Communications's ratios come from?

Every ratio is computed from SBA Communications's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

SBA Communications SBAC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	93%-2.0pp	92.9%-2.6pp	93.2%-2.8pp	94.1%-1.9pp	95%-0.6pp
Operating margin	47.3%-6.6pp	47.7%-5.9pp	51.1%+3.7pp	52.4%+9.9pp	53.9%+15.9pp
Net margin	35.7%+5.3pp	37.4%+9.5pp	30.7%+5.0pp	32.3%+13.0pp	30.4%+9.8pp
Returns
Return on invested capital	16.6%-4.6pp	12.7%-3.0pp	20.1%+3.2pp	20.5%+4.9pp	21.2%+7.2pp
Efficiency
Asset turnover	0.3×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	0.2×-0.5×	0.3×-0.8×	0.5×-0.2×	0.4×+0.2×	0.7×+0.5×
Leverage
Net debt / EBITDA	7.6×+0.7×	9.1×+0.7×	7.2×-0.2×	7.2×-0.1×	6.9×-0.5×
Per Share
Book value per share	-$44.78+2.6%	-$45.14+4.5%	-$45.87+4.3%	-$45.82+7.2%	-$45.97+4.4%
Valuation
Market capitalization	$18.18B-23.2%	$20.61B-5.9%	$20.76B-19.7%	$25.42B+19.8%	$23.68B+1.1%
Price / earnings	17.9×-11.2×	19.6×-9.7×	24.2×-13.5×	28.9×-12.3×	29×-13.2×
Price / sales	6.4×-2.4×	7.3×-0.9×	7.4×-2.3×	9.3×+1.4×	8.8×+0.1×
EV / EBITDA	18.6×-2.2×	21.7×+0.4×	19.4×-3.8×	22.3×+1.9×	20.8×-1.0×
Dividend yield	2.7%+0.9pp	2.3%+0.4pp	2.2%+0.7pp	1.8%-0.1pp	1.9%+0.2pp

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Questions, answered.

What are SBA Communications's profit margins?: SBA Communications (SBAC) runs a 93.0% gross margin and a 47.3% operating margin, with a 35.7% net margin.
Where do SBA Communications's ratios come from?: Every ratio is computed from SBA Communications's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.