• SBA Communications average gross margin for 2023 was 76.65%, a 2.3% increase from 2022.
• SBA Communications average gross margin for 2022 was 74.93%, a 1.81% increase from 2021.
• SBA Communications average gross margin for 2021 was 76.31%, a 1.09% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.