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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	373.2%-2.0pp	375.3%-2.6pp	377.9%-2.8pp	380.7%-1.9pp	382.5%-0.6pp
Operating margin	198.6%-6.6pp	205.1%-5.9pp	211%+3.7pp	207.3%+9.9pp	197.4%+15.9pp
Net margin	136.1%+5.3pp	130.8%+9.5pp	121.3%+5.0pp	116.4%+13.0pp	103.3%+9.8pp
EBITDA margin	239.3%-5.3pp	244.7%-5.6pp	250.3%-0.5pp	250.8%+1.2pp	249.6%+2.8pp
Free cash flow margin	151.2%-6.2pp	157.5%-3.4pp	160.9%-7.2pp	168.1%-7.2pp	175.2%-5.7pp
Returns
Return on assets	34.9%+1.2pp	33.7%+2.2pp	31.5%+1.3pp	30.2%+3.5pp	26.6%+2.6pp
Return on invested capital	69.8%-4.6pp	74.4%-3.0pp	77.4%+3.2pp	74.2%+4.9pp	69.4%+7.2pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	1.4×-0.5×	1.9×-0.8×	2.7×-0.2×	2.8×+0.2×	2.7×+0.5×
Quick ratio	1.4×-0.5×	1.9×-0.8×	2.7×-0.2×	2.8×+0.2×	2.7×+0.5×
Cash ratio	0.8×-0.4×	1.2×-0.6×	1.8×-0.1×	1.9×+0.1×	1.8×+0.4×
Leverage
Debt-to-assets	4.7×-0.1×	4.8×-0.1×	4.9×-0.1×	4.9×-0.1×	5×0.0×
Net debt / EBITDA	31.1×+0.7×	30.4×+0.7×	29.7×-0.2×	29.9×-0.1×	30×-0.5×
Interest coverage	12.2×-0.8×	13.1×-0.8×	13.8×-0.1×	13.9×+0.5×	13.4×+0.9×
Per Share
Book value per share	-$181.60+0.6%	-$182.79+1.2%	-$184.93+1.1%	-$187.01+1.9%	-$190.57+1.1%
Valuation
Market capitalization	$84.98B-6.1%	$90.47B-1.4%	$91.77B-5.3%	$96.88B+4.5%	$92.68B+0.3%
Enterprise value	$136.94B-3.3%	$141.57B-0.5%	$142.34B-3.3%	$147.27B+3.1%	$142.86B-0.1%
Price / earnings	90.6×-11.2×	101.7×-9.7×	111.4×-13.5×	124.9×-12.3×	137.3×-13.2×
Price / sales	30.5×-2.4×	32.9×-0.9×	33.8×-2.3×	36×+1.4×	34.6×+0.1×
EV / EBITDA	81.9×-2.2×	84.1×+0.4×	83.7×-3.8×	87.4×+1.9×	85.6×-1.0×
EV / sales	49×-2.4×	51.4×-0.9×	52.4×-2.4×	54.8×+1.4×	53.4×0.0×
Free cash flow yield	20.2%+0.8pp	19.3%+0.1pp	19.2%+0.5pp	18.7%-1.6pp	20.3%-0.7pp
Earnings yield	18.3%+2.2pp	16.1%+1.7pp	14.4%+1.5pp	13%+1.0pp	11.9%+1.1pp
Dividend yield	9.1%+0.9pp	8.2%+0.4pp	7.8%+0.7pp	7.2%-0.1pp	7.2%+0.2pp
PEG ratio	2.6×+0.1×	2.5×-0.1×	2.6×0.0×	2.6×-33.6×	36.2×-0.3×

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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.