8-K Announcements
6Apr 22, 2026·SEC
Feb 25, 2026·SEC
Feb 4, 2026·SEC
Crown Castle Inc. (CCI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Crown Castle Inc. (CCI) stock price & volume — 10-year historical chart
Crown Castle Inc. (CCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Crown Castle Inc. (CCI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.34vs $0.38-9.7% | $1.0Bvs $995M+1.5% |
| Q1 2026 | Feb 4, 2026 | $1.12vs $0.58+93.4% | $1.1Bvs $1.1B+1.1% |
| Q4 2025 | Oct 22, 2025 | $1.12vs $1.04+7.7% | $1.1Bvs $1.1B+1.2% |
| Q3 2025 | Jul 23, 2025 | $1.02vs $1.00+2.0% | $1.1Bvs $1.1B+0.6% |
Crown Castle Inc. (CCI) competitors in Digital Infrastructure REITs — business model, growth, and fundamentals comparison
Crown Castle Inc. (CCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Crown Castle Inc. (CCI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.25B | 5.37B | 5.76B | 5.84B | 6.34B | 6.99B | 6.98B | 6.57B | 4.26B | 4.21B |
| Revenue Growth % | 8.52% | 26.2% | 7.32% | 1.34% | 8.56% | 10.19% | -0.07% | -5.92% | -35.06% | -22.95% |
| Property Operating Expenses | 1.54B | 1.84B | 1.99B | 1.97B | 1.99B | 2.07B | 1.98B | 1.85B | 1.45B | 1.45B |
| Net Operating Income (NOI) | 2.71B▲ 0% | 3.53B▲ 30.0% | 3.78B▲ 7.1% | 3.87B▲ 2.5% | 4.35B▲ 12.3% | 4.92B▲ 13.1% | 5B▲ 1.7% | 4.72B▼ 5.6% | 2.82B▼ 40.3% | 2.77B▲ 0% |
| NOI Margin % | 63.74% | 65.66% | 65.54% | 66.28% | 68.56% | 70.4% | 71.64% | 71.88% | 66.07% | 65.71% |
| Operating Expenses | 1.75B | 2.14B | 2.22B | 2.01B | 2.35B | 2.49B | 2.63B | 7.66B | 739M | 746M |
| G&A Expenses | 426M | 563M | 614M | 678M | 680M | 750M | 759M | 706M | 383M | 380M |
| EBITDA | 2.21B | 2.91B | 3.13B | 3.47B | 3.65B | 4.13B | 4.12B | -1.2B | 2.77B | 2.71B |
| EBITDA Margin % | 51.89% | 54.19% | 54.33% | 59.43% | 57.49% | 59.15% | 59.06% | -18.27% | 64.9% | 64.24% |
| Depreciation & Amortization | 1.24B | 1.53B | 1.57B | 1.61B | 1.64B | 1.71B | 1.75B | 1.74B | 689M | 684M |
| D&A / Revenue % | 29.17% | 28.44% | 27.28% | 27.53% | 25.93% | 24.43% | 25.13% | 26.46% | 16.15% | 16.23% |
| Operating Income | 967M▲ 0% | 1.38B▲ 43.0% | 1.56B▲ 12.7% | 1.86B▲ 19.5% | 2B▲ 7.4% | 2.42B▲ 21.2% | 2.37B▼ 2.3% | -2.94B▼ 224.0% | 2.08B▲ 170.8% | 2.02B▲ 0% |
| Operating Margin % | 22.73% | 25.75% | 27.05% | 31.9% | 31.56% | 34.71% | 33.93% | -44.73% | 48.75% | 48.01% |
| Interest Expense | 590.68M | 642M | 683M | 0 | 632M | 673M | 821M | 900M | 959M | 4M |
| Interest Coverage | 1.63x | 1.96x | 2.26x | - | 2.87x | 3.51x | 2.86x | -3.31x | 2.17x | - |
| Non-Operating Income | 5M | 122M | 16M | 121M | 190M | 61M | 20M | 41M | 1M | -3M |
| Pretax Income | 392M▲ 0% | 641M▲ 63.5% | 881M▲ 37.4% | 1.08B▲ 22.1% | 1.18B▲ 9.6% | 1.69B▲ 43.4% | 1.53B▼ 9.6% | -3.88B▼ 353.9% | 1.12B▲ 128.8% | 1.05B▲ 0% |
| Pretax Margin % | 9.21% | 11.94% | 15.29% | 18.42% | 18.6% | 24.21% | 21.89% | -59.06% | 26.24% | 25.04% |
| Income Tax | 26M | 19M | 21M | 20M | 21M | 16M | 26M | 24M | 16M | 16M |
| Effective Tax Rate % | 6.63% | 2.96% | 2.38% | 1.86% | 1.78% | 0.95% | 1.7% | -0.62% | 1.43% | 1.52% |
| Net Income | 366M▲ 0% | 622M▲ 69.9% | 860M▲ 38.3% | 1.06B▲ 22.8% | 1.1B▲ 3.8% | 1.68B▲ 52.8% | 1.5B▼ 10.3% | -3.9B▼ 359.9% | 444M▲ 111.4% | 1.06B▲ 0% |
| Net Margin % | 8.6% | 11.58% | 14.92% | 18.08% | 17.29% | 23.98% | 21.52% | -59.42% | 10.41% | 25.13% |
| Net Income Growth % | 2.53% | 69.95% | 38.26% | 22.79% | 3.79% | 52.83% | -10.33% | -359.85% | 111.38% | 122.64% |
| Funds From Operations (FFO) | 1.61B▲ 0% | 2.15B▲ 33.7% | 2.43B▲ 13.2% | 2.66B▲ 9.5% | 2.74B▲ 2.9% | 3.38B▲ 23.4% | 3.26B▼ 3.7% | -2.17B▼ 166.5% | 1.13B▲ 152.3% | 1.74B▲ 0% |
| FFO Margin % | 37.77% | 40.02% | 42.2% | 45.62% | 43.22% | 48.41% | 46.64% | -32.96% | 26.57% | 41.36% |
| FFO Growth % | 9.62% | 33.73% | 13.17% | 9.54% | 2.85% | 23.43% | -3.73% | -166.49% | 152.33% | 271.12% |
| FFO per Share | 4.19 | 5.18 | 5.82 | 6.27 | 6.31 | 7.79 | 7.50 | -4.99 | 2.59 | 3.99 |
| FFO Payout Ratio % | 93.9% | 82.92% | 78.62% | 79.02% | 86.61% | 76.94% | 83.63% | -126.05% | 183.58% | 106.88% |
| EPS (Diluted) | 0.80▲ 0% | 1.23▲ 53.7% | 1.79▲ 45.5% | 2.35▲ 31.3% | 2.53▲ 7.7% | 3.86▲ 52.6% | 3.46▼ 10.4% | -8.98▼ 359.5% | 1.02▲ 111.4% | 2.42▲ 0% |
| EPS Growth % | -15.79% | 53.75% | 45.53% | 31.28% | 7.66% | 52.57% | -10.36% | -359.54% | 111.36% | 122.53% |
| EPS (Basic) | 0.81 | 1.23 | 1.80 | 2.36 | 2.54 | 3.87 | 3.46 | -8.98 | 1.02 | - |
| Diluted Shares Outstanding | 383.22M | 415M | 418M | 425M | 434M | 434M | 434M | 434M | 437M | 437M |
Crown Castle Inc. (CCI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 32.23B | 32.76B | 38.46B | 38.77B | 39.04B | 38.92B | 38.53B | 32.74B | 31.52B | 31.39B |
| Asset Growth % | 42.13% | 1.65% | 17.38% | 0.81% | 0.7% | -0.3% | -1.01% | -15.03% | -3.72% | -39.36% |
| Real Estate & Other Assets | 2.18B | 2.29B | 1.54B | 1.53B | 1.71B | 2.09B | 2.38B | 2.45B | 12.64B | 17.97B |
| PP&E (Net) | 12.93B | 13.65B | 20.8B | 21.63B | 21.95B | 21.93B | 21.85B | 21.29B | 11.75B | 6.22B |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1.13B | 1.23B | 1.2B | 1.1B | 1.25B | 1.22B | 1.03B | 1.09B | 1.14B | 1.25B |
| Cash & Equivalents | 314M | 277M | 196M | 232M | 292M | 156M | 105M | 119M | 269M | 55M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 260M | 279M | 305M | 346M | 222M | 239M | 227M | 211M | 536M | 931M |
| Intangible Assets | 5.96B | 5.52B | 4.84B | 4.43B | 4.05B | 3.6B | 3.18B | 2.78B | 861M | 817M |
| Total Liabilities | 19.89B | 21.19B | 27.97B | 29.31B | 30.78B | 31.47B | 32.15B | 32.87B | 33.15B | 33.31B |
| Total Debt | 16.16B | 16.68B | 23.93B | 25.42B | 27.01B | 27.96B | 28.81B | 29.61B | 29.57B | 24.68B |
| Net Debt | 15.85B | 16.41B | 23.73B | 25.18B | 26.72B | 27.8B | 28.71B | 29.49B | 29.3B | 24.63B |
| Long-Term Debt | 16.04B | 16.57B | 18.02B | 19.15B | 20.56B | 20.91B | 22.09B | 23.47B | 21.55B | 21.53B |
| Short-Term Borrowings | 115M | 107M | 100M | 129M | 72M | 819M | 835M | 610M | 2.78B | 3.15B |
| Capital Lease Obligations | 0 | 227M | 5.81B | 6.14B | 6.38B | 6.23B | 5.89B | 5.53B | 5.23B | 15.76B |
| Total Current Liabilities | 1.29B | 1.51B | 1.92B | 1.97B | 2.03B | 2.73B | 2.58B | 2.18B | 4.48B | 4.71B |
| Accounts Payable | 249M | 313M | 334M | 230M | 246M | 236M | 252M | 192M | 71M | 66M |
| Deferred Revenue | 457.12M | 498M | 657M | 704M | 776M | 736M | 605M | 476M | 0 | 194M |
| Other Liabilities | 1.47B | 1.49B | 694M | 661M | 586M | 595M | 578M | 598M | 2.16B | 7.07B |
| Total Equity | 12.34B▲ 0% | 11.57B▼ 6.2% | 10.49B▼ 9.4% | 9.46B▼ 9.8% | 8.26B▼ 12.7% | 7.45B▼ 9.8% | 6.38B▼ 14.3% | -133M▼ 102.1% | -1.64B▼ 1129.3% | -1.92B▲ 0% |
| Equity Growth % | 63.28% | -6.22% | -9.35% | -9.8% | -12.72% | -9.8% | -14.34% | -102.08% | -1129.32% | -1435.2% |
| Shareholders Equity | 12.34B | 11.57B | 10.49B | 9.46B | 8.26B | 7.45B | 6.38B | -133M | -1.64B | -1.92B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 4.06M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M |
| Additional Paid-in Capital | 16.84B | 17.77B | 17.86B | 17.93B | 18.01B | 18.12B | 18.27B | 18.39B | 18.53B | 18.56B |
| Retained Earnings | -4.5B | -5.73B | -7.36B | -8.47B | -9.75B | -10.67B | -11.89B | -18.52B | -20.16B | -20.48B |
| Preferred Stock | 17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.33% | 1.91% | 2.42% | 2.73% | 2.82% | 4.3% | 3.88% | -10.95% | 1.38% | 3.36% |
| Return on Equity (ROE) | 3.68% | 5.2% | 7.8% | 10.59% | 12.37% | 21.33% | 21.72% | -124.94% | - | -65.88% |
| Debt / Assets | 50.14% | 50.92% | 62.23% | 65.56% | 69.18% | 71.84% | 74.79% | 90.46% | 93.81% | 78.63% |
| Debt / Equity | 1.31x | 1.44x | 2.28x | 2.69x | 3.27x | 3.75x | 4.52x | - | - | -12.86x |
| Net Debt / EBITDA | 7.18x | 5.64x | 7.58x | 7.26x | 7.33x | 6.73x | 6.96x | - | 10.58x | 10.58x |
| Book Value per Share | 32.20 | 27.88 | 25.09 | 22.26 | 19.03 | 17.16 | 14.70 | -0.31 | -3.74 | -4.39 |
Crown Castle Inc. (CCI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.04B | 2.5B | 2.7B | 3.06B | 2.73B | 2.88B | 3.13B | 2.94B | 3.06B | 3.06B |
| Operating CF Growth % | 14.7% | 22.4% | 7.83% | 13.23% | -10.74% | 5.54% | 8.62% | -5.85% | 3.87% | -10.91% |
| Operating CF / Revenue % | 48.04% | 46.59% | 46.82% | 52.31% | 43.01% | 41.2% | 44.78% | 44.81% | 71.68% | 72.54% |
| Net Income | 444.55M | 671M | 860M | 1.06B | 1.16B | 1.68B | 1.5B | -3.9B | 444M | 1.06B |
| Depreciation & Amortization | 1.24B | 1.53B | 1.57B | 1.61B | 1.64B | 1.71B | 1.75B | 1.74B | 690M | 693M |
| Stock-Based Compensation | 91.65M | 103M | 117M | 138M | 129M | 156M | 157M | 131M | 73M | 55M |
| Other Non-Cash Items | 28.89M | 141M | 20M | 180M | 136M | 84M | 76M | 5.17B | 1.88B | 1.42B |
| Working Capital Changes | 221.8M | 57M | 127M | 70M | -346M | -747M | -371M | -200M | -33M | -26M |
| Cash from Investing | -10.49B | -1.79B | -2.08B | -1.74B | -1.33B | -1.35B | -1.52B | -1.22B | -1.16B | -1.22B |
| Acquisitions (Net) | -9.26B | -42M | -17M | -107M | -111M | -35M | -96M | -8M | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 3.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -5.82M | -12M | -7M | -10M | 8M | -7M | 1M | 10M | -976M | -1.02B |
| Cash from Financing | 8.2B | -733M | -692M | -1.27B | -1.31B | -1.67B | -1.65B | -1.71B | -1.89B | -1.66B |
| Dividends Paid | -1.54B | -1.9B | -2.02B | -2.19B | -2.37B | -2.6B | -2.72B | -2.73B | -2.08B | -1.86B |
| Common Dividends | -1.51B | -1.78B | -1.91B | -2.1B | -2.37B | -2.6B | -2.72B | -2.73B | -2.08B | -1.86B |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Share Repurchases | -23.31M | -34M | -44M | -76M | -70M | -65M | -30M | -33M | -23M | -27M |
| Other Financing | 5.8B | 810M | -24M | -38M | -42M | -14M | 0 | -12M | 0 | -941M |
| Net Change in Cash | -253.5M▲ 0% | -27M▲ 89.3% | -75M▼ 177.8% | 43M▲ 157.3% | 85M▲ 97.7% | -139M▼ 263.5% | -46M▲ 66.9% | 14M▲ 130.4% | -21M▼ 250.0% | 30M▲ 0% |
| Exchange Rate Effect | 1.18M | -1M | 0 | 0 | 0 | 0 | 1M | -1M | -34M | -17M |
| Cash at Beginning | 567.6M | 440M | 413M | 338M | 381M | 466M | 327M | 281M | 290M | 308M |
| Cash at End | 314.09M | 413M | 338M | 381M | 466M | 327M | 281M | 295M | 269M | 325M |
| Free Cash Flow | 816.12M▲ 0% | 761M▼ 6.8% | 641M▼ 15.8% | 1.43B▲ 123.2% | 1.5B▲ 4.7% | 1.57B▲ 4.7% | 1.7B▲ 8.5% | 1.72B▲ 1.1% | 2.88B▲ 67.1% | 2.73B▲ 0% |
| FCF Growth % | -10.16% | -6.75% | -15.77% | 123.24% | 4.68% | 4.67% | 8.55% | 1.12% | 67.05% | 33.43% |
| FCF / Revenue % | 19.18% | 14.17% | 11.12% | 24.5% | 23.63% | 22.44% | 24.38% | 26.2% | 67.41% | 64.69% |
Crown Castle Inc. (CCI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 4.19 | 5.18 | 5.82 | 6.27 | 6.31 | 7.79 | 7.5 | -4.99 | 2.59 | 3.99 |
| FFO Payout Ratio | 93.9% | 82.92% | 78.62% | 79.02% | 86.61% | 76.94% | 83.63% | -126.05% | 183.58% | 106.88% |
| NOI Margin | 63.74% | 65.66% | 65.54% | 66.28% | 68.56% | 70.4% | 71.64% | 71.88% | 66.07% | 65.71% |
| Net Debt / EBITDA | 7.18x | 5.64x | 7.58x | 7.26x | 7.33x | 6.73x | 6.96x | - | 10.58x | 10.58x |
| Debt / Assets | 50.14% | 50.92% | 62.23% | 65.56% | 69.18% | 71.84% | 74.79% | 90.46% | 93.81% | 78.63% |
| Interest Coverage | 1.63x | 1.96x | 2.26x | - | 2.87x | 3.51x | 2.86x | -3.31x | 2.17x | - |
| Book Value / Share | 32.2 | 27.88 | 25.09 | 22.26 | 19.03 | 17.16 | 14.7 | -0.31 | -3.74 | -4.39 |
| Revenue Growth | 8.52% | 26.2% | 7.32% | 1.34% | 8.56% | 10.19% | -0.07% | -5.92% | -35.06% | -22.95% |
Crown Castle Inc. (CCI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Feb 25, 2026·SEC
Feb 4, 2026·SEC
Crown Castle Inc. (CCI) stock FAQ — growth, dividends, profitability & financials explained
Crown Castle Inc. (CCI) reported $4.21B in revenue for fiscal year 2025. This represents a 13320% increase from $31.4M in 1997.
Crown Castle Inc. (CCI) saw revenue decline by 35.1% over the past year.
Yes, Crown Castle Inc. (CCI) is profitable, generating $1.06B in net income for fiscal year 2025 (10.4% net margin).
Yes, Crown Castle Inc. (CCI) pays a dividend with a yield of 5.34%. This makes it attractive for income-focused investors.
Crown Castle Inc. (CCI) generated Funds From Operations (FFO) of $1.74B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Crown Castle Inc. (CCI) offers a 5.34% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Crown Castle Inc. (CCI) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates