C 
Crown Castle CCI · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
87.83
-0.87%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$4.26bn
FY2016FY2025
Net income
$444.0m
FY2016FY2025
Free cash flow
$2.88bn
FY2016FY2025
Shareholders' equity
−$1.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.26bn | $6.57bn | $6.98bn | $6.99bn | $6.34bn | $5.84bn | $5.76bn | $5.37bn | $4.25bn | $3.92bn |
| Gross profit | $2.82bn | $4.72bn | $5.00bn | $4.92bn | $4.35bn | $3.87bn | $3.78bn | $3.53bn | $2.71bn | $2.48bn |
| Research and development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating income | $2.08bn | −$2.97bn | $2.37bn | $2.42bn | $2.00bn | $1.86bn | $1.54bn | $1.28bn | $967.0m | $949.0m |
| Net income | $444.0m | −$3.90bn | $1.50bn | $1.68bn | $1.10bn | $1.06bn | $860.0m | $622.0m | $366.0m | $357.0m |
| Diluted earnings per share | 1.02 | -8.99 | 3.46 | 3.86 | 2.53 | 2.44 | 2.06 | 1.49 | 0.90 | 1.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $31.52bn | $32.74bn | $38.53bn | $38.92bn | $39.04bn | $38.77bn | $38.46bn | $32.76bn | $32.23bn | $22.68bn |
| Cash and short-term investments | $269.0m | $119.0m | $105.0m | $156.0m | $292.0m | $232.0m | $196.0m | $277.0m | $314.0m | $567.6m |
| Total liabilities | $33.15bn | $32.87bn | $32.15bn | $31.47bn | $30.78bn | $29.31bn | $27.97bn | $21.19bn | $19.89bn | $15.12bn |
| Debt | $24.34bn | $24.08bn | $22.92bn | $21.73bn | $20.63bn | $19.28bn | $18.12bn | $16.68bn | $16.16bn | $12.17bn |
| Shareholders' equity | −$1.64bn | −$133.0m | $6.38bn | $7.45bn | $8.26bn | $9.46bn | $10.49bn | $11.57bn | $12.34bn | $7.56bn |
| Shares outstanding | 437m | 434m | 434m | 434m | 434m | 433m | 418m | 417m | 408m | 353m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.06bn | $2.94bn | $3.13bn | $2.88bn | $2.73bn | $3.06bn | $2.70bn | $2.50bn | $2.04bn | $1.78bn |
| Capital spending | −$182.0m | −$1.22bn | −$1.42bn | −$1.31bn | −$1.23bn | −$1.62bn | −$2.06bn | −$1.74bn | −$1.23bn | −$873.9m |
| Free cash flow | $2.88bn | $1.72bn | $1.70bn | $1.57bn | $1.50bn | $1.43bn | $641.0m | $761.0m | $816.1m | $908.4m |
| Dividends paid | −$2.08bn | −$2.73bn | −$2.72bn | −$2.60bn | −$2.37bn | −$2.19bn | −$2.02bn | −$1.90bn | −$1.54bn | −$1.28bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01bn | $1.01bn | $1.07bn | $1.07bn | $1.06bn | $1.06bn | $1.65bn | $1.65bn |
| Gross profit | — | $744.0m | $451.0m | $792.0m | $782.0m | $793.0m | $1.19bn | $1.19bn |
| Operating income | $470.0m | $465.0m | $527.0m | $525.0m | $506.0m | $521.0m | −$4.53bn | $544.0m |
| Net income | $307.0m | $151.0m | $294.0m | $323.0m | $291.0m | −$464.0m | −$4.77bn | $303.0m |
| Diluted earnings per share | 0.71 | 0.35 | 0.67 | 0.74 | 0.67 | -1.06 | -10.99 | 0.70 |
| Cash from operations | — | $509.0m | $870.0m | $714.0m | $832.0m | $641.0m | $877.0m | $699.0m |
| Capital spending | — | −$57.0m | −$59.0m | −$43.0m | −$40.0m | −$40.0m | −$276.0m | −$297.0m |
| Free cash flow | — | $452.0m | $811.0m | $671.0m | $792.0m | $601.0m | $601.0m | $402.0m |
| Total assets | $21.51bn | $31.39bn | $31.52bn | $31.50bn | $31.64bn | $31.76bn | $32.74bn | $38.04bn |
| Cash and short-term investments | $1.25bn | $55.0m | $269.0m | $233.0m | $94.0m | $60.0m | $119.0m | $194.0m |
| Debt | $2.52bn | $24.68bn | $24.61bn | $24.86bn | $24.56bn | $24.64bn | $24.38bn | $24.36bn |
| Shareholders' equity | −$3.27bn | −$1.92bn | −$1.64bn | −$1.49bn | −$1.38bn | −$1.25bn | −$133.0m | $5.30bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 66.1% | 71.9% | 71.6% | 70.4% | 68.6% | 66.3% | — | — |
| Operating margin | 48.7% | -45.2% | 33.9% | 34.7% | 31.6% | 31.9% | — | — |
| Net margin | 10.4% | -59.4% | 21.5% | 24.0% | 17.3% | 18.1% | — | — |
| Return on equity | -27.2% | 2934.6% | 23.5% | 22.5% | 13.3% | 11.2% | — | — |
| Return on assets | 1.4% | -11.9% | 3.9% | 4.3% | 2.8% | 2.7% | — | — |
| Free cash flow yield | 10.0% | 13.0% | 14.2% | 13.1% | 12.4% | 14.6% | — | — |
| Revenue growth | -35.1% | -5.9% | -0.1% | 10.2% | 8.6% | 1.3% | — | — |
| Earnings growth | -111.4% | -359.9% | -10.3% | 52.8% | 3.8% | 22.8% | — | — |
| Current ratio | 0.26x | 0.50x | 0.40x | 0.45x | 0.62x | 0.56x | — | — |
| Debt to equity | -15.05x | -183.29x | 3.64x | 2.96x | 2.54x | 2.07x | — | — |
| Equity ratio | -5.2% | -0.4% | 16.6% | 19.1% | 21.2% | 24.4% | — | — |
| Interest coverage | 2.17x | -3.30x | 2.89x | 3.60x | 3.17x | 2.80x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.7% | 0.0% | 0.0% | 0.0% | -0.2% | -3.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.2% | -6.1% | 1.5% |
| Operating income | -5.0% | 2.2% | 8.2% |
| Net income | -35.8% | -15.9% | -0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.6% | 70.4% | 69.4% | 67.6% |
| Operating margin | -8.2% | 15.8% | 21.0% | 22.4% |
| Net margin | -31.9% | -1.1% | 5.1% | 7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 87.6 | -10.1 | 33.3 | 35.1 | 82.7 | 65.3 | 69.1 | 72.8 | 123.8 | 85.8 |
| Price to sales | 9.1 | 6.0 | 7.2 | 8.4 | 14.3 | 11.8 | 10.3 | 8.4 | 10.7 | 7.8 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$30.75bn$31.71bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -6% | -19% | -14% | -34% | 32% | 8% | 29% | 2% | 23% | 3% |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 15 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.189 | 4.753 | 6.26 | 6.26 | 5.975 | 5.46 | 4.93 | 4.575 |
- 1.032-for-1 split · 29 May 2002
- 1.032-for-1 split · 28 Nov 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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