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CCI logoCrown Castle Inc.(CCI)Earnings, Financials & Key Ratios

CCI•NYSE•REIT / Real Estate
$89.10
$38.88B mkt cap·87.4× P/E·Price updated May 6, 2026
SectorReal EstateIndustrySpecialty REITsSub-IndustryDigital Infrastructure REITs
AboutCrown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.Show more
  • Revenue$4.26B-35.1%
  • FFO$1.13B+152.3%
  • FFO/Share2.59+152.0%
  • FFO Payout183.58%+245.6%
  • FFO per Share2.59+152.0%
  • NOI Margin66.07%-8.1%
  • FFO Margin26.57%+180.6%
  • ROA1.38%+112.6%
  • Debt/Assets93.81%+3.7%
  • Net Debt/EBITDA10.58
  • Book Value/Share-3.74-1120.9%
Analysis→Technical→

CCI Key Insights

Crown Castle Inc. (CCI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FFO growing 159.0% TTM
  • ✓High NOI margin of 66.1%
  • ✓Healthy dividend yield of 5.3%

✗Weaknesses

  • ✗Profits declining 15.9% over 5 years
  • ✗Dividend exceeds FFO - may not be sustainable
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CCI Price & Volume

Crown Castle Inc. (CCI) stock price & volume — 10-year historical chart

Loading chart...

CCI Growth Metrics

Crown Castle Inc. (CCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.53%
5 Years-6.09%
3 Years-15.17%
TTM-22.95%

Profit CAGR

10 Years-0.73%
5 Years-15.91%
3 Years-35.76%
TTM122.64%

EPS CAGR

10 Years-3.32%
5 Years-15.37%
3 Years-35.83%
TTM122.53%

Return on Capital

10 Years3.92%
5 Years3.4%
3 Years1.65%
Last Year7.22%

CCI Recent Earnings

Crown Castle Inc. (CCI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 22, 2026
EPS
$0.34
Est $0.38
-9.7%
Revenue
$1.0B
Est $995M
+1.5%
Q1 2026
Feb 4, 2026
EPS
$1.12
Est $0.58
+93.4%
Revenue
$1.1B
Est $1.1B
+1.1%
Q4 2025
Oct 22, 2025
EPS
$1.12
Est $1.04
+7.7%
Revenue
$1.1B
Est $1.1B
+1.2%
Q3 2025
Jul 23, 2025
EPS
$1.02
Est $1.00
+2.0%
Revenue
$1.1B
Est $1.1B
+0.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$0.34vs $0.38-9.7%
$1.0Bvs $995M+1.5%
Q1 2026Feb 4, 2026
$1.12vs $0.58+93.4%
$1.1Bvs $1.1B+1.1%
Q4 2025Oct 22, 2025
$1.12vs $1.04+7.7%
$1.1Bvs $1.1B+1.2%
Q3 2025Jul 23, 2025
$1.02vs $1.00+2.0%
$1.1Bvs $1.1B+0.6%
Based on last 12 quarters of dataView full earnings history →

CCI Peer Comparison

Crown Castle Inc. (CCI) competitors in Digital Infrastructure REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AMT logoAMTAmerican Tower CorporationDirect Competitor82.98B178.1233.055.11%26.6%27.44%4.56%4.34
SBAC logoSBACSBA Communications CorporationDirect Competitor23.06B217.3822.185.06%35.66%4.63%
UNIT logoUNITUniti Group Inc.Direct Competitor2.73B11.502.3691.49%56.8%342.98%26.35
LUMN logoLUMNLumen Technologies, Inc.Product Competitor9.51B9.23-5.27-5.39%-14.34%-79.42%3.9%
CCOI logoCCOICogent Communications Holdings, Inc.Product Competitor904.85M18.06-4.75-5.82%-17.88%-229.15%
SHEN logoSHENShenandoah Telecommunications CompanyProduct Competitor887.59M16.05-22.619.08%-13.67%-3.7%0.66
T logoTAT&T Inc.Supply Chain181.06B25.938.532.71%16.92%16.85%10.74%1.35
VZ logoVZVerizon Communications Inc.Supply Chain199.66B47.3411.662.52%12.43%16.42%10.08%1.90

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 TMUS

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

Peer Set

Compare Top 5

vs AMT, SBAC, UNIT, LUMN

CCI Income Statement

Crown Castle Inc. (CCI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue4.25B5.37B5.76B5.84B6.34B6.99B6.98B6.57B4.26B4.21B
Revenue Growth %8.52%26.2%7.32%1.34%8.56%10.19%-0.07%-5.92%-35.06%-22.95%
Property Operating Expenses1.54B1.84B1.99B1.97B1.99B2.07B1.98B1.85B1.45B1.45B
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 Expenses1.75B2.14B2.22B2.01B2.35B2.49B2.63B7.66B739M746M
G&A Expenses426M563M614M678M680M750M759M706M383M380M
EBITDA2.21B2.91B3.13B3.47B3.65B4.13B4.12B-1.2B2.77B2.71B
EBITDA Margin %51.89%54.19%54.33%59.43%57.49%59.15%59.06%-18.27%64.9%64.24%
Depreciation & Amortization1.24B1.53B1.57B1.61B1.64B1.71B1.75B1.74B689M684M
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 Expense590.68M642M683M0632M673M821M900M959M4M
Interest Coverage1.63x1.96x2.26x-2.87x3.51x2.86x-3.31x2.17x-
Non-Operating Income5M122M16M121M190M61M20M41M1M-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 Tax26M19M21M20M21M16M26M24M16M16M
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 Share4.195.185.826.276.317.797.50-4.992.593.99
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)0.811.231.802.362.543.873.46-8.981.02-
Diluted Shares Outstanding383.22M415M418M425M434M434M434M434M437M437M

CCI Balance Sheet

Crown Castle Inc. (CCI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets32.23B32.76B38.46B38.77B39.04B38.92B38.53B32.74B31.52B31.39B
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 Assets2.18B2.29B1.54B1.53B1.71B2.09B2.38B2.45B12.64B17.97B
PP&E (Net)12.93B13.65B20.8B21.63B21.95B21.93B21.85B21.29B11.75B6.22B
Investment Securities0000000000
Total Current Assets1.13B1.23B1.2B1.1B1.25B1.22B1.03B1.09B1.14B1.25B
Cash & Equivalents314M277M196M232M292M156M105M119M269M55M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets260M279M305M346M222M239M227M211M536M931M
Intangible Assets5.96B5.52B4.84B4.43B4.05B3.6B3.18B2.78B861M817M
Total Liabilities19.89B21.19B27.97B29.31B30.78B31.47B32.15B32.87B33.15B33.31B
Total Debt16.16B16.68B23.93B25.42B27.01B27.96B28.81B29.61B29.57B24.68B
Net Debt15.85B16.41B23.73B25.18B26.72B27.8B28.71B29.49B29.3B24.63B
Long-Term Debt16.04B16.57B18.02B19.15B20.56B20.91B22.09B23.47B21.55B21.53B
Short-Term Borrowings115M107M100M129M72M819M835M610M2.78B3.15B
Capital Lease Obligations0227M5.81B6.14B6.38B6.23B5.89B5.53B5.23B15.76B
Total Current Liabilities1.29B1.51B1.92B1.97B2.03B2.73B2.58B2.18B4.48B4.71B
Accounts Payable249M313M334M230M246M236M252M192M71M66M
Deferred Revenue457.12M498M657M704M776M736M605M476M0194M
Other Liabilities1.47B1.49B694M661M586M595M578M598M2.16B7.07B
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 Equity12.34B11.57B10.49B9.46B8.26B7.45B6.38B-133M-1.64B-1.92B
Minority Interest0000000000
Common Stock4.06M4M4M4M4M4M4M4M4M4M
Additional Paid-in Capital16.84B17.77B17.86B17.93B18.01B18.12B18.27B18.39B18.53B18.56B
Retained Earnings-4.5B-5.73B-7.36B-8.47B-9.75B-10.67B-11.89B-18.52B-20.16B-20.48B
Preferred Stock17K000000000
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 / Assets50.14%50.92%62.23%65.56%69.18%71.84%74.79%90.46%93.81%78.63%
Debt / Equity1.31x1.44x2.28x2.69x3.27x3.75x4.52x---12.86x
Net Debt / EBITDA7.18x5.64x7.58x7.26x7.33x6.73x6.96x-10.58x10.58x
Book Value per Share32.2027.8825.0922.2619.0317.1614.70-0.31-3.74-4.39

CCI Cash Flow Statement

Crown Castle Inc. (CCI) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations2.04B2.5B2.7B3.06B2.73B2.88B3.13B2.94B3.06B3.06B
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 Income444.55M671M860M1.06B1.16B1.68B1.5B-3.9B444M1.06B
Depreciation & Amortization1.24B1.53B1.57B1.61B1.64B1.71B1.75B1.74B690M693M
Stock-Based Compensation91.65M103M117M138M129M156M157M131M73M55M
Other Non-Cash Items28.89M141M20M180M136M84M76M5.17B1.88B1.42B
Working Capital Changes221.8M57M127M70M-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-8M00
Purchase of Investments0000000000
Sale of Investments3.81M000000000
Other Investing-5.82M-12M-7M-10M8M-7M1M10M-976M-1.02B
Cash from Financing8.2B-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)1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Share Repurchases-23.31M-34M-44M-76M-70M-65M-30M-33M-23M-27M
Other Financing5.8B810M-24M-38M-42M-14M0-12M0-941M
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 Effect1.18M-1M00001M-1M-34M-17M
Cash at Beginning567.6M440M413M338M381M466M327M281M290M308M
Cash at End314.09M413M338M381M466M327M281M295M269M325M
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%

CCI Key Ratios

Crown Castle Inc. (CCI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share4.195.185.826.276.317.797.5-4.992.593.99
FFO Payout Ratio93.9%82.92%78.62%79.02%86.61%76.94%83.63%-126.05%183.58%106.88%
NOI Margin63.74%65.66%65.54%66.28%68.56%70.4%71.64%71.88%66.07%65.71%
Net Debt / EBITDA7.18x5.64x7.58x7.26x7.33x6.73x6.96x-10.58x10.58x
Debt / Assets50.14%50.92%62.23%65.56%69.18%71.84%74.79%90.46%93.81%78.63%
Interest Coverage1.63x1.96x2.26x-2.87x3.51x2.86x-3.31x2.17x-
Book Value / Share32.227.8825.0922.2619.0317.1614.7-0.31-3.74-4.39
Revenue Growth8.52%26.2%7.32%1.34%8.56%10.19%-0.07%-5.92%-35.06%-22.95%

CCI SEC Filings & Documents

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

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Feb 4, 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 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 9, 2025·SEC

CCI Frequently Asked Questions

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

Growth & Financials

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).

Dividend & Returns

Yes, Crown Castle Inc. (CCI) pays a dividend with a yield of 5.34%. This makes it attractive for income-focused investors.

Industry Metrics

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.

Explore More CCI

Crown Castle Inc. (CCI) financial analysis — history, returns, DCA and operating performance tools

Full CCI Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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