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
Returns
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×
Leverage
Net debt / EBITDA	31.1×+0.7×	30.4×+0.7×	29.7×-0.2×	29.9×-0.1×	30×-0.5×
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%
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×
Dividend yield	9.1%+0.9pp	8.2%+0.4pp	7.8%+0.7pp	7.2%-0.1pp	7.2%+0.2pp

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.