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CCICrown Castle Inc.
$88.60$38.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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CCI logo

Crown Castle Inc.

CCI
NYSE · Digital Infrastructure REITs
$88.60
At close - USD
Market Cap$38.72B
P/E86.9x
52W High$95.07
Volume5.38M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Tower Pivot Restores Margins, Yet Leverage Stifles Recovery

Crown Castle's completed fiber and small-cell divestiture has reshaped the company into a leaner macro-tower platform, with total assets down 46% to $20.6B and NOI margin normalizing to 73.8% in 2026Q3 from the 42.1% divestiture-affected trough in 2025Q4.

GrowthContracting
ProfitabilityModerate
ValuationExpensive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

CCI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+212% Peers

P/E is 212% above peer median

03

Market leadership

RS 79 · Avg

Average momentum (RS Rating: 79)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Jan 21
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue contracted 7.2% YoY to $995M in 2026Q3 as the tower-only base stabilizes around $1.0B quarterly, while NOI margin recovered to 73.8%, suggesting the remaining macro-tower portfolio carries meaningfully better economics than the exited fiber assets.

Analyst Consensus+0.7% target
Buy(47 analysts)
25 Buy21 Hold1 Sell

The Bull Case

Upside Catalysts

Focused Tower‑Only Strategy

Crown Castle is divesting its fiber and small‑cell assets to concentrate on its core U.S. tower business, creating a leaner, more focused company that is expected to boost investor confidence.

Projected AFFO & EBITDA Upside

Analysts anticipate higher adjusted funds from operations and adjusted EBITDA driven by increased revenues, operational efficiencies, and lower expenses, alongside planned debt reduction and a share buyback program.

Attractive Dividend Yield

CCI offers a strong annualized dividend with a notable yield, making it appealing to income‑focused investors.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CCI+3.48%
S&P 500 (^GSPC)+7.63%
1-Year Return
CCI+5.74%
S&P 500 (^GSPC)+9.69%
3-Year Return
CCI+7.45%
S&P 500 (^GSPC)+65.54%
5-Year Return
CCI-35.26%
S&P 500 (^GSPC)+54.19%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
36.5x
Forward P/E
45.9x
EV/EBITDA75th %ile
26.0x
FCF YieldCash Flow
4.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
36.5x
82.5x
50th· Fair
EV/EBITDA
26.0x
24.6x
75th· Fair
Price/FCF
20.6x
29.4x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$48.78-44.9%
Base (Fair)$65.57-26.0%
Bull$81.38-8.1%
$48.78 Bear$65.57 Base$81.38 Bull
Current Market Price: $88.60
Trades at a 35.1% premium to Base DCF ($65.57)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.26B-35.1% YoY
Net income FY25
$444M+111.4% YoY
Free cash flow FY25
$2.88B+67.1% YoY
Operating margin FY25
48.7%+93.5 pts YoY
ROIC (FY25)5.5%
Avg ROIC 5Y-
ROE (FY25)-
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 21, 2026
$0.67-2.5%
vs $0.69
$966M-4.5%
vs $1.0B
Q3 2026
Jul 22, 2026
$0.69+76.7%
vs $0.39
$1.0B+1.3%
vs $995M
Q2 2026
Apr 22, 2026
$0.34-9.7%
vs $0.38
$1.0B+1.5%
vs $995M
Q1 2026
Feb 4, 2026
$0.68+23.2%
vs $0.55
$1.1B+1.1%
vs $1.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·1d ago
Crown Castle to Present at the Morgan Stanley 2026 European Technology, Media & Telecom Conference

HOUSTON, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Chris Hillabrant, Crown Castle's President and Chief Executive Officer, is scheduled to present on Wednesday, November 18, 2026 at 12:00 p.m. Central European Time (6:00 a.m. EST) at the Morgan Stanley 2026 European Technology, Media & Telecom Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 45 minutes. The live audio webcast link and presentation for the conference will be available on Crown Castle's website at www.crowncastle.com, where it will also be archived for replay.

GlobeNewsWire·2d ago
Crown Castle Declares Quarterly Common Stock Dividend

HOUSTON, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.0625 per common share. The quarterly dividend is payable on December 31, 2026, to common stockholders of record at the close of business on December 15, 2026.

Seeking Alpha·2d ago
The London Company Income Equity Vs. Russell 1000 Q3 2026 Commentary

The London Company Income Equity portfolio declined 3.4% (-3.6% net) during the quarter vs. a 1.8% increase in the Russell 1000 Index. Top 3 contributors to relative performance include Chevron Corporation, Nintendo Co and BlackRock. Top 3 detractors from relative performance include Corning, Cummins and Dominion Energy.

24/7 Wall Street·3d ago
Wireless Data Demand Is Surging. Why Did Crown Castle Cut Its Dividend 32%?

Americans are consuming wireless data at a record pace, yet one of the biggest tower landlords just slashed its dividend by nearly a third.

Filtered for Crown Castle Inc.More Headlines
04

Compare before deciding

Benchmark CCI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Crown Castle Inc. (CCI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CCI logoCCICrown Castle Inc.Current
$88.60$38.72B86.86-35.06%10.41%—5.37%
AMT logoAMTAmerican Tower Corporation
$188.79$87.97B35.035.11%29.89%32.32%3.56%
SBAC logoSBACSBA Communications Corporation
$189.42$20.09B19.335.06%34.54%—2.35%
UNIT logoUNITUniti Group Inc.
$5.22$1.27B1.0791.49%29.45%270.12%—
LUMN logoLUMNLumen Technologies, Inc.
$3.99$4.11B-2.28-5.39%-8.65%-52.11%0.03%
CCOI logoCCOICogent Communications Holdings, Inc.
$3.98$199.31M-1.05-5.82%-7.2%—78.67%

Compare CCI vs Peers

Crown Castle Inc. (CCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMT

Most directly comparable listed peer for CCI.

Scale Benchmark

vs VZ

Larger-name benchmark to compare CCI against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMT, SBAC, UNIT, LUMN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CCI SEC Filings & Documents

Crown Castle Inc. (CCI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 21, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jul 22, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 23, 2026·SEC

FY 2025

Mar 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

Get notified when CCI posts new earnings or crosses analyst targets

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CCI Frequently Asked Questions

Crown Castle Inc. (CCI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Crown Castle Inc.'s revenue?

Crown Castle Inc. (CCI) reported $4.08B in revenue over the trailing twelve months. Revenue was $4.26B in fiscal year 2025. That is 13483% more than the $31.4M of fiscal year 1997.

How fast is Crown Castle Inc. growing?

Crown Castle Inc. (CCI) revenue fell by 35.1% in fiscal year 2025, compared with the prior fiscal year.

Is CCI profitable?

Yes. Crown Castle Inc. (CCI) earned $1.03B in net income over the trailing twelve months (a 25.3% net margin).

Dividend & Returns
Does CCI pay dividends?

Yes. Crown Castle Inc. (CCI) pays a dividend that yields 5.37% at the current price, a high yield.

Industry Metrics
What is Crown Castle Inc.'s FFO?

Crown Castle Inc. (CCI) generated Funds From Operations (FFO) of $1.73B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is CCI a good dividend stock?

Crown Castle Inc. (CCI) offers a 5.37% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in CCI back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →