• SBA Communications average operating margin for 2024 was 45.35%, a 31.18% increase from 2023.
• SBA Communications average operating margin for 2023 was 34.57%, a 1% increase from 2022.
• SBA Communications average operating margin for 2022 was 34.92%, a 7.18% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.