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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	375.3%-7.9pp	383.1%+10.4pp	372.7%+4.1pp	368.6%-5.9pp
Operating margin	205.1%+23.6pp	181.5%+43.2pp	138.3%-1.3pp	139.7%+9.4pp
Net margin	130.8%+37.2pp	93.6%+24.2pp	69.3%+2.9pp	66.4%+24.1pp
EBITDA margin	244.7%-2.1pp	246.7%+2.1pp	244.6%-6.4pp	251%-8.4pp
Free cash flow margin	157.5%-23.5pp	181%+6.4pp	174.5%+3.7pp	170.8%-16.4pp
Returns
Return on assets	33.7%+9.6pp	24.1%+5.8pp	18.3%+1.6pp	16.6%+6.7pp
Return on invested capital	74.4%+12.2pp	62.2%+15.0pp	47.2%+2.5pp	44.7%+2.6pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1.1×+0.1×	1×+0.1×
Liquidity
Current ratio	1.9×-0.3×	2.1×-0.3×	2.5×+0.6×	1.9×-1.3×
Quick ratio	1.9×-0.3×	2.1×-0.3×	2.5×+0.6×	1.9×-1.3×
Cash ratio	1.2×-0.2×	1.4×+0.2×	1.2×+0.2×	0.9×-1.2×
Leverage
Debt-to-assets	4.8×-0.3×	5.1×0.0×	5×-0.1×	5.2×0.0×
Net debt / EBITDA	30.4×-0.1×	30.5×-0.5×	31.1×-1.7×	32.8×-1.3×
Interest coverage	13.1×+0.6×	12.5×+2.7×	9.7×-0.3×	10×+1.8×
Per Share
Book value per share	-$182.79+5.1%	-$192.69-1.5%	-$189.92+3.4%	-$196.56-8.3%
Valuation
Market capitalization	$90.47B-2.1%	$92.43B-9.8%	$102.48B-22.7%	$132.65B-7.3%
Enterprise value	$141.57B-1.0%	$142.94B-7.2%	$153.95B-16.4%	$184.24B-4.2%
Price / earnings	101.7×-48.7×	150.4×-73.0×	223.4×-99.7×	323.1×-322×
Price / sales	32.9×-1.6×	34.5×-3.3×	37.8×-15.4×	53.2×-11.2×
EV / EBITDA	84.1×-2.4×	86.5×-6.4×	93×-24.6×	117.6×-16.1×
EV / sales	51.4×-1.9×	53.4×-3.4×	56.8×-17.0×	73.8×-12.8×
Free cash flow yield	19.3%-1.8pp	21.1%+2.4pp	18.6%+5.7pp	13%+1.3pp
Earnings yield	16.1%+5.3pp	10.9%+3.4pp	7.5%+2.4pp	5.1%+2.4pp
Dividend yield	8.2%+1.2pp	7%+1.6pp	5.5%+2.0pp	3.5%+0.8pp
PEG ratio	2.5×-34.0×	36.5×—	——	6.1×—

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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.