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
Returns
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×
Leverage
Net debt / EBITDA	31.1×+1.1×	30.4×-0.1×	29.7×-1.1×	29.9×-0.9×	30×-0.8×
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%
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×
Dividend yield	9.1%+1.8pp	8.2%+1.2pp	7.8%+1.4pp	7.2%+0.7pp	7.2%+1.3pp

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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.