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%-9.3pp	375.3%-7.9pp	377.9%-4.5pp	380.7%+0.6pp	382.5%+6.0pp
Operating margin	198.6%+1.2pp	205.1%+23.6pp	211%+49.0pp	207.3%+58.0pp	197.4%+55.8pp
Net margin	136.1%+32.7pp	130.8%+37.2pp	121.3%+37.2pp	116.4%+39.8pp	103.3%+27.3pp
EBITDA margin	239.3%-10.2pp	244.7%-2.1pp	250.3%+6.7pp	250.8%+7.2pp	249.6%+5.6pp
Free cash flow margin	151.2%-24.0pp	157.5%-23.5pp	160.9%-27.0pp	168.1%-16.5pp	175.2%-6.8pp
Returns
Return on assets	34.9%+8.2pp	33.7%+9.6pp	31.5%+9.5pp	30.2%+10.0pp	26.6%+6.6pp
Return on invested capital	69.8%+0.5pp	74.4%+12.2pp	77.4%+21.6pp	74.2%+22.2pp	69.4%+20.2pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	1.4×-1.3×	1.9×-0.3×	2.7×+1.3×	2.8×+1.4×	2.7×+0.7×
Quick ratio	1.4×-1.3×	1.9×-0.3×	2.7×+1.3×	2.8×+1.4×	2.7×+0.7×
Cash ratio	0.8×-1.0×	1.2×-0.2×	1.8×+1.0×	1.9×+1.1×	1.8×+0.8×
Leverage
Debt-to-assets	4.7×-0.3×	4.8×-0.3×	4.9×-0.3×	4.9×-0.2×	5×0.0×
Net debt / EBITDA	31.1×+1.1×	30.4×-0.1×	29.7×-1.1×	29.9×-0.9×	30×-0.8×
Interest coverage	12.2×-1.2×	13.1×+0.6×	13.8×+2.7×	13.9×+3.7×	13.4×+3.6×
Per Share
Book value per share	-$181.60+4.7%	-$182.79+5.1%	-$184.93+4.1%	-$187.01+2.8%	-$190.57-0.4%
Valuation
Market capitalization	$84.98B-8.3%	$90.47B-2.1%	$91.77B-6.3%	$96.88B+3.4%	$92.68B-5.1%
Enterprise value	$136.94B-4.1%	$141.57B-1.0%	$142.34B-4.0%	$147.27B+2.1%	$142.86B-3.8%
Price / earnings	90.6×-46.7×	101.7×-48.7×	111.4×-64.4×	124.9×-56.9×	137.3×-52.7×
Price / sales	30.5×-4.2×	32.9×-1.6×	33.8×-2.7×	36×+1.4×	34.6×-1.4×
EV / EBITDA	81.9×-3.7×	84.1×-2.4×	83.7×-7.0×	87.4×-0.3×	85.6×-4.3×
EV / sales	49×-4.4×	51.4×-1.9×	52.4×-2.8×	54.8×+1.4×	53.4×-1.4×
Free cash flow yield	20.2%-0.2pp	19.3%-1.8pp	19.2%-1.6pp	18.7%-2.7pp	20.3%0.0pp
Earnings yield	18.3%+6.4pp	16.1%+5.3pp	14.4%+5.2pp	13%+4.1pp	11.9%+3.4pp
Dividend yield	9.1%+1.8pp	8.2%+1.2pp	7.8%+1.4pp	7.2%+0.7pp	7.2%+1.3pp
PEG ratio	2.6×-33.6×	2.5×-34.0×	2.6×-39.5×	2.6×-40.5×	36.2×+25.9×

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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.