The historical rank and industry rank for SBA Communications's Net Margin % or its related term are showing as below:
STU:4SB'
s Net Margin % Range Over the Past 10 Years
Min: 1.16 Med: 8.8 Max: 37.43
Current: 35.66
STU:4SB's Net Margin % is ranked worse than 59.48% of 928
companies
in the REITs industry
Industry Median: 44.95
vs STU:4SB: 35.66
SBA Communications (STU:4SB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
SBA Communications Net Margin % Related Terms
SBA Communications Net Margin % Historical Data
* Premium members only.
The historical data trend for SBA Communications's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:4SB vs WY, LAMR, GLPI: Net Margin % Comparison
For the REIT - Specialty subindustry, SBA Communications's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SBA Communications Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's Net Margin % distribution charts can be found below:
* The bar in red indicates where SBA Communications's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SBA Communications (STU:4SB) has a Net Margin % of 26.28% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on SBA Communications and its competitors. This is 199% above median its historical median of 8.80. Over the past decade, SBA Communications' Net Margin % has ranged from 1.16 to 37.43. According to the industry distribution chart, SBA Communications ranks #552 out of 928 companies in the REITs industry, placing it in the top 59.5%.
Is SBA Communications' Net Margin % too high?
SBA Communications' current Net Margin % of 26.28% is 199% above median its 10-year median of 8.80. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 37.43. The REITs industry median Net Margin % is 44.95. SBA Communications' value of 26.28% is 41.5% below this industry median. Based on the distribution chart, SBA Communications ranks #552 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, SBA Communications has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Net Margin % compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #552 out of 928 companies for Net Margin %. This places SBA Communications in the lower half of its industry. The industry median Net Margin % is 44.95. SBA Communications' value of 26.28% is 41.5% below this benchmark. Historically, SBA Communications' own Net Margin % has ranged from 1.16 to 37.43 over the past decade. While the company's 10-year median is 8.80 vs. the industry median of 44.95, SBA Communications has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current Net Margin % of 26.28% is 41.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on SBA Communications and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current Net Margin % is 26.28%, which is 199% above median its own 10-year median of 8.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBA Communications stock overvalued right now?
SBA Communications (STU:4SB) has a current Net Margin % of 26.28%. The stock's GF Value™ is €204.89, compared to a current price of €159.00 — trading 22.4% below its estimated fair value. The current Net Margin % is 26.28%, which is 199% above median its 10-year median of 8.80 and 41.5% below the REITs industry median of 44.95. SBA Communications' overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For SBA Communications (STU:4SB), the current Net Margin % is 26.28% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SBA Communications (STU:4SB) Overvalued in 2026?
Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued.
The current stock price of €159.00 is trading 22.4% below its estimated GF Value™ of €204.89.
Key valuation signals for STU:4SB:
Net Margin %: 26.28% (199% above median its 10-year median of 8.80)
GF Value™: €204.89 vs. price of €159.00 (22.4% below fair value)
Industry Position: 41.5% below the REITs median (#552 of 928)
No single metric tells the full story. See the STU:4SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
85GF Score
Get the complete analysis for STU:4SB
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:4SB has been successfully added to your 
