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Operating Margin for SBA Communications (SBAC)

As of · Reported

Metric
Profitability

TTM

47.6%

YoY change

−4.91pp

Trough year (1998)

-39.4%

Peak year (2024)

53.6%

Operating Margin history chart for SBA Communications (SBAC) from 1998 to 2025

Latest: 48.7%

Operating Margin change chart for SBA Communications (SBAC) from 1998 to 2025

Latest: −4.91pp

Operating Margin history table for SBA Communications (SBAC) from 1998 to 2025

  • 202548.7%-4.91pp
  • 202453.6%+19.52pp
  • 202334.1%-1.08pp
  • 202235.1%+1.25pp
  • 202133.9%+3.47pp
  • 202030.4%+1.46pp
  • 201929.0%-0.20pp
  • 201829.2%+2.63pp
  • 201726.5%+2.82pp
  • 201623.7%+4.65pp
  • 201519.1%-2.97pp
  • 201422.0%+4.44pp
  • 201317.6%+1.51pp
  • 201216.1%+0.24pp
  • 201115.8%+4.00pp
  • 201011.9%+1.96pp
  • 20099.9%+0.30pp
  • 20089.6%+2.24pp
  • 20077.4%+1.80pp
  • 20065.6%+3.94pp
  • 20051.6%+11.93pp
  • 2004-10.3%+9.90pp
  • 2003-20.2%+18.68pp
  • 2002-38.9%-19.14pp
  • 2001-19.7%-2.40pp
  • 2000-17.3%+16.33pp
  • 1999-33.7%+5.75pp
  • 1998-39.4%—

Operating Margin values are taken from SBA Communications's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at SBA Communications (SBAC)

According to SBA Communications's latest reported financial statements, the company's latest reported operating margin is 47.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of SBA Communications (SBAC) operating margin is 48.67% – contracted 4.9 percentage points year-over-year.

2024 marks the peak operating margin at 53.58%, with the historical low of -39.42% recorded in 1998.

SBA Communications Operating Margin by Year

SBA Communications Operating Margin 2025: 48.7%

SBA Communications posted operating margin of 48.67% in 2025, contracted 4.9 percentage points from 2024.

SBA Communications Operating Margin 2024: 53.6%

In 2024, SBA Communications reported operating margin of 53.58%, expanded 19.5 percentage points from 2023. This figure represents the highest annual value in the available history.

SBA Communications Operating Margin 2023: 34.1%

SBA Communications operating margin in 2023 was 34.06%, contracted 1.1 percentage points from 2022.

SBA Communications Operating Margin 2022: 35.1%

2022's operating margin for SBA Communications came in at 35.14%, expanded 1.2 percentage points from 2021.

SBA Communications Operating Margin 2021: 33.9%

SBA Communications operating margin in 2021 was 33.89%.

See more financial history for SBA Communications (SBAC).

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