Company / Gross Margin
SBA Communications Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
319.8%
FY2025
5-year range
75.5% / 319.8%
FY2021-FY2025
Trend
+308.5%
vs FY2024
Sector context
#1 of 13
Real Estate
What the data says
Gross Margin changed +308% YoY in FY2025, a notable deviation from the 9-year average annual change of +35%.
Based on SEC 10-K filings.
319.8% in FY2025 with a 5-year CAGR of +244.9%. Ranks 1st among 13 companies in Real Estate.
Improved from 77.4% to 319.8% over the past 2 years.
Real Estate sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +242.7pp
- 5-Year Change
- +244.9pp
- 10-Year Change
- -
Sector benchmark
Top 8% in Real EstateTop 8% of 13This company 319.8% Sector average 83.2%
▼
+284.2% above sector average
Key checks
Key Insights
- SBA Communications's gross margin has grown for 5 consecutive years.
- In FY2025, gross margin increased 308.5% year-over-year.
- Currently 236.5pp above the Real Estate sector average.
- Lowest gross margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score -0.63 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 319.8% | +308.5% |
| FY2024 | 78.3% | +1.1% |
| FY2023 | 77.4% | +0.4% |
| FY2022 | 77.1% | +2.1% |
| FY2021 | 75.5% | +0.9% |
| FY2020 | 74.9% | -0.9% |
| FY2019 | 75.5% | +1.8% |
| FY2018 | 74.2% | +1.9% |
| FY2017 | 72.9% | +1.3% |
| FY2016 | 71.9% | -1.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026