• SBA Communications average ebitda margin for 2023 was 64.48%, a 0.31% increase from 2022.
• SBA Communications average ebitda margin for 2022 was 64.68%, a 10.63% decline from 2021.
• SBA Communications average ebitda margin for 2021 was 72.37%, a 1.19% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.