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SBA Communications vs Americold Realty Trust: SBAC and COLD compared
SBA Communications is the larger company: $714M of revenue in its latest quarter (Q3 2026) against $692M for Americold Realty Trust (Q3 2026). Americold Realty Trust is growing faster (+4% against -2% a year earlier). Americold Realty Trust is more profitable, with an operating margin of 107.4% against 51.5%.
Where the money goes: SBAC and COLD
SBA Communications (SBAC) · Q3 2026
SBA Communications, Q3 2026: revenue $714M (-2% year over year), operating margin 51.5%, net earnings $231M, operating cash flow $332M. The chart follows the revenue to costs, profit and cash.
Americold Realty Trust (COLD) · Q3 2026
Americold Realty Trust, Q3 2026: revenue $692M (+4% year over year), operating margin 107.4%, net earnings $683M, operating cash flow $84.3M. The chart follows the revenue to costs, profit and cash.
| SBA Communications (SBAC) | Americold Realty Trust (COLD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $714M | $692M |
| Revenue growth, Y/Y | -2% | +4% |
| Gross margin | 76.0% | — |
| Operating margin | 51.5% | 107.4% |
| Net earnings | $231M | $683M |
| Net margin | 32.4% | 98.8% |
| Operating cash flow | $332M | $84.3M |
| Free cash flow | $259M | — |
| Market value | $20.0B | $4.6B |
| P/E | 20.3× | 19.1× |
| Analysts’ mean target | $222.75 | $16.24 |
Where the revenue comes from
SBA Communications
- Domestic Site Leasing: $454M (64%)
- International Site Leasing: $211M (30%)
- Site Development: $48.6M (7%)
Americold Realty Trust
- Warehouse services: $361M (52%)
- Warehouse rent and storage: $240M (35%)
- Transportation: $62.2M (9%)
- Other revenues: $15.6M (2%)
Questions
Which is bigger, SBA Communications or Americold Realty Trust?
SBA Communications is the larger company: $714M of revenue in its latest quarter (Q3 2026) against $692M for Americold Realty Trust (Q3 2026).
Is SBA Communications or Americold Realty Trust growing faster?
Americold Realty Trust is growing faster (+4% against -2% a year earlier).
Which is more profitable, SBA Communications or Americold Realty Trust?
Americold Realty Trust is more profitable, with an operating margin of 107.4% against 51.5%.
More: SBA Communications earnings · how SBA Communications makes money · Americold Realty Trust earnings · how Americold Realty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.