Crown Castle Inc. (CCI)

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. Crown Castle Inc. was established in 1994 and was incorporated in Delaware.

Symbol: CCI
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $28.30B
52 week range: 65.68 - 100.5

Valuation

Share price: $66.44 (close of 2026-10-02)
P/E (TTM): 33.56x
Price to book: -8.66x
Price to free cash flow: 11.76x
Enterprise value: $50.67B
Book value per share: $-7.68

Price performance

Period	Change
1 day	+0.48%
5 days	-2.06%
1 month	-11.86%
3 months	-13.26%
6 months	-21.63%
Year to date	-25.24%
1 year	-30.40%
3 years	-26.93%
5 years	-61.60%
10 years	-29.48%
All time	+426.88%

Members of Congress who disclosed CCI trades

Gilbert Ray Cisneros · Josh Gottheimer · Bruce Westerman · Jefferson Shreve · Val Hoyle · Alan Armstrong · Julie Johnson · Michael Rulli · Robert Wittman · Sheldon Whitehouse

Super investors holding CCI

Ken Griffin (Citadel)

Profitability and growth

Return on equity: -27.16%
Return on invested capital: 7.40%
Return on assets: 1.41%
Return on capital employed: 7.67%
Gross margin: 47.44%
Net margin: 206.51%
EBITDA margin: 1286.05%
Revenue growth: 11.98%
Net income growth: 111.38%
Free cash flow growth: 3.90%

Cash flow and balance sheet

Free cash flow yield (TTM): 8.50%
Current ratio: 0.52x
Net debt to EBITDA: 8.33x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $215.00M
Cost of revenue: $113.00M
Gross profit: $102.00M
EBITDA: $2.77B
Net income: $444.00M
Earnings per share: $1.02
Shares outstanding: 435.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$215.00M	$102.00M	$444.00M	$1.02
2024-12-31	$192.00M	-$1.61B	-$3.90B	$-8.98
2023-12-31	$421.00M	-$1.51B	$1.50B	$3.46
2022-12-31	$697.00M	-$1.33B	$1.68B	$3.87
2021-12-31	$621.00M	-$1.33B	$1.10B	$2.54
2020-12-31	$520.00M	-$1.41B	$1.06B	$2.36
2019-12-31	$670.00M	$146.00M	$860.00M	$1.80
2018-12-31	$574.00M	$140.00M	$622.00M	$1.23
2017-12-31	$521.00M	$122.00M	$444.55M	$0.80
2016-12-31	$688.00M	$271.00M	$356.97M	$0.95

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	47.44%	206.51%	-27.16%	7.40%
2024-12-31	-840.63%	-2032.81%	2934.59%	7.20%
2023-12-31	-359.62%	356.77%	23.54%	5.92%
2022-12-31	-190.39%	240.32%	22.49%	6.83%
2021-12-31	-214.49%	176.49%	13.27%	5.65%
2020-12-31	-270.58%	203.08%	11.16%	5.30%
2019-12-31	21.79%	128.36%	8.20%	4.54%
2018-12-31	24.39%	108.36%	5.38%	4.92%
2017-12-31	23.42%	85.33%	3.73%	3.47%
2016-12-31	39.39%	51.89%	4.94%	5.01%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$99.00M	$24.34B
2024-12-31	$100.00M	$24.08B
2023-12-31	$105.00M	$22.92B
2022-12-31	$156.00M	$21.73B
2021-12-31	$292.00M	$20.63B
2020-12-31	$232.00M	$19.28B
2019-12-31	$196.00M	$18.12B
2018-12-31	$277.00M	$16.68B
2017-12-31	$314.00M	$16.16B
2016-12-31	$568.00M	$12.17B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$2.88B	$73.00M
2024-12-31	$2.77B	$84.00M
2023-12-31	$2.88B	$102.00M
2022-12-31	$1.57B	$156.00M
2021-12-31	$1.56B	$129.00M
2020-12-31	$1.43B	$138.00M
2019-12-31	$641.00M	$117.00M
2018-12-31	$761.00M	$103.00M
2017-12-31	$3.25B	$92.00M
2016-12-31	$913.00M	$79.00M

Dividend history

Most recent payment: 2026-09-15
Paid in the last twelve months: $4.25

Payment date	Dividend per share
2026-09-15	$1.06
2026-06-15	$1.06
2026-03-13	$1.06
2025-12-15	$1.06
2025-09-15	$1.06
2025-06-13	$1.06
2025-03-14	$1.56
2024-12-13	$1.56

Investor relations

Next earnings report

Next confirmed report: 2026-10-21
Consensus EPS estimate: $1.16

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-22	Jun/2026	$0.95
2026-04-22	Mar/2026	$0.96
2026-02-04	Dec/2025	$1.01
2025-10-22	Sep/2025	$0.99
2025-07-23	Jun/2025	$0.94
2025-07-15	-	-
2025-04-30	Mar/2025	$0.96
2025-04-15	-	-

Filings and sources

Company website: crowncastle.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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