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
EBITDA margin	58.1%+0.1pp	58.1%-3.0pp	61.1%-1.0pp	62.1%-1.4pp	63.5%-0.2pp
Free cash flow margin	35.7%-2.2pp	37.9%-0.8pp	38.7%-0.3pp	39%-2.9pp	41.9%+0.6pp
Returns
Return on assets	9.2%0.0pp	9.2%+1.2pp	8%-0.6pp	8.6%+0.6pp	8%+1.0pp
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×
Quick ratio	0.2×-0.1×	0.3×-0.2×	0.5×+0.1×	0.4×-0.3×	0.7×-0.4×
Cash ratio	0.1×-0.1×	0.2×-0.1×	0.3×+0.1×	0.2×-0.3×	0.5×-0.3×
Leverage
Debt-to-assets	1.1×-0.2×	1.3×+0.2×	1.1×0.0×	1.2×0.0×	1.2×-0.2×
Net debt / EBITDA	7.6×-1.5×	9.1×+1.9×	7.2×0.0×	7.2×+0.3×	6.9×-1.5×
Interest coverage	2.8×-0.1×	2.9×-0.3×	3.2×-0.3×	3.4×-0.1×	3.6×-0.1×
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%
Enterprise value	$30.81B-13.2%	$35.49B+7.6%	$33B-12.3%	$37.63B+6.2%	$35.44B-2.3%
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×
EV / sales	10.8×-1.8×	12.6×+0.8×	11.8×-2.0×	13.8×+0.6×	13.2×-0.3×
Free cash flow yield	5.6%+0.4pp	5.2%0.0pp	5.2%+1.0pp	4.2%-0.6pp	4.8%-0.3pp
Earnings yield	5.6%+0.5pp	5.1%+1.0pp	4.1%+0.7pp	3.5%0.0pp	3.4%0.0pp
Dividend yield	2.7%+0.4pp	2.3%+0.1pp	2.2%+0.5pp	1.8%-0.1pp	1.9%-0.1pp
PEG ratio	0.7×+0.2×	0.5×-0.5×	1×+0.6×	0.4×-0.2×	0.6×0.0×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about SBA Communications.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.