SuperworthSBA Communications profit margin SBAC
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 34.5%
- Net margin on a year earlier
- +2.3 pts
- Peer median
- 23.9%
Over the twelve months to Jun 30, 2026, SBA Communications kept 34.5% of its revenue as net profit and a gross margin of 75.2%.
Five years earlier its net margin was 12.3%.
The median for 10 specialty REITs of a similar size is 23.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 37.4% | 75.5% |
| FY2024 | 28.0% | 78.3% |
| FY2023 | 18.5% | 77.4% |
| FY2022 | 17.5% | 74.6% |
| FY2021 | 10.3% | 76.4% |
| FY2020 | 1.2% | 77.1% |
| FY2019 | 7.3% | 75.5% |
| FY2018 | 2.5% | 74.9% |
| FY2017 | 6.0% | 74.2% |
| FY2016 | 4.7% | 74.2% |
| FY2015 | −10.7% | 72.9% |
| FY2014 | −1.6% | 71.9% |
| FY2013 | −4.3% | 68.7% |
| FY2012 | −19.0% | 70.7% |
| FY2011 | −18.1% | 43.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 34.5% | +2.3 pts | |
| Q1 FY26 | 35.7% | +5.3 pts | |
| Q4 FY25 | 37.4% | +9.5 pts | |
| Q3 FY25 | 30.7% | +5.0 pts | |
| Q2 FY25 | 32.3% | +13.0 pts | |
| Q1 FY25 | 30.4% | +9.8 pts | |
| Q4 FY24 | 28.0% | +9.5 pts | |
| Q3 FY24 | 25.8% | +7.6 pts | |
| Q2 FY24 | 19.2% | +0.5 pts | |
| Q1 FY24 | 20.6% | +6.7 pts | |
| Q4 FY23 | 18.5% | +1.0 pts | |
| Q3 FY23 | 18.2% | +2.2 pts |
Against its peers
Companies in REIT - Specialty nearest SBA Communications' size, closest first, today.
| Company | Profit margin |
|---|---|
| SBACSBA Communications | 34.5% |
| HSTHost Hotels & Resorts | 16.5% |
| KIMKimco Realty | 27.8% |
| LAMRLamar Advertising | 23.9% |
| WPCW. P. Carey | 36.3% |
| WYWeyerhaeuser | 6.9% |
| OHIOmega Healthcare Investors | 67.0% |
| MAAMID America Apartment Communities | 18.2% |
| NLYAnnaly Capital Management | n/m |
| REGRegency Centers | 34.4% |
| DOCHealthpeak Properties | 8.2% |
| Peer median | 23.9% |
Where SBA Communications ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on SBA Communications
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.