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
Returns
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×
Leverage
Net debt / EBITDA	30.4×-0.1×	30.5×-0.5×	31.1×-1.7×	32.8×-1.3×
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%
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×
Dividend yield	8.2%+1.2pp	7%+1.6pp	5.5%+2.0pp	3.5%+0.8pp

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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.