• 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.
• SBA Communications average operating margin for 2021 was 32.58%, a 8.71% increase from 2020.

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.