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%+0.1pp	92.9%-0.2pp	93.2%-0.9pp	94.1%-0.9pp	95%-0.5pp
Operating margin	47.3%-0.4pp	47.7%-3.4pp	51.1%-1.3pp	52.4%-1.5pp	53.9%+0.3pp
Net margin	35.7%-1.8pp	37.4%+6.7pp	30.7%-1.5pp	32.3%+1.9pp	30.4%+2.4pp
Returns
Return on invested capital	16.6%+4.0pp	12.7%-7.4pp	20.1%-0.4pp	20.5%-0.7pp	21.2%+5.5pp
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×-0.1×	0.3×-0.2×	0.5×+0.1×	0.4×-0.3×	0.7×-0.4×
Leverage
Net debt / EBITDA	7.6×-1.5×	9.1×+1.9×	7.2×0.0×	7.2×+0.3×	6.9×-1.5×
Per Share
Book value per share	-$44.78+0.8%	-$45.14+1.6%	-$45.87-0.1%	-$45.82+0.3%	-$45.97+2.8%
Valuation
Market capitalization	$18.18B-11.8%	$20.61B-0.7%	$20.76B-18.3%	$25.42B+7.4%	$23.68B+8.0%
Price / earnings	17.9×-1.7×	19.6×-4.7×	24.2×-4.7×	28.9×-0.1×	29×-0.2×
Price / sales	6.4×-1.0×	7.3×-0.1×	7.4×-1.9×	9.3×+0.5×	8.8×+0.6×
EV / EBITDA	18.6×-3.1×	21.7×+2.3×	19.4×-2.9×	22.3×+1.5×	20.8×-0.5×
Dividend yield	2.7%+0.4pp	2.3%+0.1pp	2.2%+0.5pp	1.8%-0.1pp	1.9%-0.1pp

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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.