SBA Communications Corp (SBAC) stock
SBACNasdaqReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/3014% below fair value
$189.35+2.78 (+1.49%)
Close on Nov 13, 2026Market cap $20.09BP/E 20.4Yield –
SBA Communications gross margin
Gross margin is gross profit as a percentage of revenue.
SBA Communications's gross margin for the twelve months ending Sep 30, 2026 was 75.7%. For fiscal 2025 it was 75.5%, against 78.3% the year before. The highest annual figure on record is 100.0% in fiscal 2010.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 75.5% | −2.8 |
| FY2024 | Dec 31, 2024 | 78.3% | +0.9 |
| FY2023 | Dec 31, 2023 | 77.4% | +2.8 |
| FY2022 | Dec 31, 2022 | 74.6% | −1.8 |
| FY2021 | Dec 31, 2021 | 76.4% | −0.8 |
| FY2020 | Dec 31, 2020 | 77.1% | +1.6 |
| FY2019 | Dec 31, 2019 | 75.5% | +0.7 |
| FY2018 | Dec 31, 2018 | 74.9% | +0.7 |
| FY2017 | Dec 31, 2017 | 74.2% | −0.1 |
| FY2016 | Dec 31, 2016 | 74.2% | +1.4 |
| FY2015 | Dec 31, 2015 | 72.9% | +0.9 |
| FY2014 | Dec 31, 2014 | 71.9% | +3.2 |
| FY2013 | Dec 31, 2013 | 68.7% | −2.0 |
| FY2012 | Dec 31, 2012 | 70.7% | −0.2 |
| FY2011 | Dec 31, 2011 | 70.9% | −29.0 |
| FY2010 | Dec 31, 2010 | 100.0% | +0.0 |
| FY2009 | Dec 31, 2009 | 100.0% | +15.1 |
| FY2008 | Dec 31, 2008 | 84.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 76.0% | +1.9 |
| Q2 FY2026 | Jun 30, 2026 | 75.4% | +0.0 |
| Q1 FY2026 | Mar 31, 2026 | 75.6% | −1.2 |
| Q4 FY2025 | Dec 31, 2025 | 75.6% | −2.4 |
| Q3 FY2025 | Sep 30, 2025 | 74.1% | −3.4 |
| Q2 FY2025 | Jun 30, 2025 | 75.4% | −3.2 |
| Q1 FY2025 | Mar 31, 2025 | 76.9% | −2.2 |
| Q4 FY2024 | Dec 31, 2024 | 78.1% | −0.6 |
| Q3 FY2024 | Sep 30, 2024 | 77.5% | −0.6 |
| Q2 FY2024 | Jun 30, 2024 | 78.6% | +1.3 |
| Q1 FY2024 | Mar 31, 2024 | 79.0% | +3.3 |
| Q4 FY2023 | Dec 31, 2023 | 78.6% | +3.7 |
| Q3 FY2023 | Sep 30, 2023 | 78.1% | +4.3 |
| Q2 FY2023 | Jun 30, 2023 | 77.3% | +2.7 |
| Q1 FY2023 | Mar 31, 2023 | 75.7% | +0.4 |
| Q4 FY2022 | Dec 31, 2022 | 74.9% | −1.6 |
| Q3 FY2022 | Sep 30, 2022 | 73.7% | −2.5 |
| Q2 FY2022 | Jun 30, 2022 | 74.5% | −1.9 |
| Q1 FY2022 | Mar 31, 2022 | 75.3% | −1.0 |
| Q4 FY2021 | Dec 31, 2021 | 76.5% | +0.4 |
| Q3 FY2021 | Sep 30, 2021 | 76.2% | −0.5 |
| Q2 FY2021 | Jun 30, 2021 | 76.4% | −1.6 |
| Q1 FY2021 | Mar 31, 2021 | 76.4% | −1.3 |
| Q4 FY2020 | Dec 31, 2020 | 76.1% | −0.3 |
| Q3 FY2020 | Sep 30, 2020 | 76.8% | +1.1 |
| Q2 FY2020 | Jun 30, 2020 | 78.0% | +2.9 |
| Q1 FY2020 | Mar 31, 2020 | 77.7% | +2.8 |
| Q4 FY2019 | Dec 31, 2019 | 76.4% | +1.7 |
| Q3 FY2019 | Sep 30, 2019 | 75.7% | +0.7 |
| Q2 FY2019 | Jun 30, 2019 | 75.1% | +0.2 |
| Q1 FY2019 | Mar 31, 2019 | 74.9% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 74.7% | +0.6 |
| Q3 FY2018 | Sep 30, 2018 | 75.0% | +0.7 |
| Q2 FY2018 | Jun 30, 2018 | 74.9% | +0.5 |
| Q1 FY2018 | Mar 31, 2018 | 74.8% | +1.0 |
| Q4 FY2017 | Dec 31, 2017 | 74.2% | −0.3 |
| Q3 FY2017 | Sep 30, 2017 | 74.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 74.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 73.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 74.5% | – |
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