CROWN CASTLE INC.
CCI· NYSE· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 1337.2%
- ROIC, 5 yr avg
- 8.0%
- Revenue, 5 yr CAGR
- -16.2%
We record prices for the companies we cover; CCI is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 437.0M
- Revenue
- $215.0M
- Free cash flow
- $2.9B
- Owner earnings
- $2.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 965.1%
- Net
- 206.5%
- Free cash flow
- 1337.2%
- Owner earnings
- 1303.3%
- Stock pay
- 34.0%
Returns
- ROIC, FY2025
- 9.0%
- ROIC, 5 yr avg
- 8.0%
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -32.4%
- Revenue, 5 yr
- -16.2%
- Revenue, 9 yr
- -12.1%
- Diluted EPS, 3 yr
- -36.0%
- Diluted EPS, 5 yr
- -15.5%
- Diluted EPS, 9 yr
- 0.7%
- Free cash flow, 3 yr
- 22.4%
- Free cash flow, 5 yr
- 15.0%
- Free cash flow, 9 yr
- 13.6%
Financial health · FY2025
- Cash and investments
- $99.0M
- Total debt
- $24.3B
- Net debt
- $24.2B
- Debt/Equity
- –
- Debt/FCF
- 8.5x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- -468.5%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.6%
Financials: ten years from the 10-Ks
Revenue
$215.0M
-12.1% a year over 9 years
FY2016FY2025
Margins
Operating965.1%Net206.5%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$2.9BOwner earnings$2.8B
Free cash flow +13.6% a year
FY2016FY2025
Diluted shares
437.0M
+28.2% over 9 years, net dilution
FY2016FY2025
Return on invested capital
9.0%
FY2025
FY2016FY2025
Net debt (below zero)
-$24.2B
$24.2B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $688.0M | $521.0M | $574.0M | $670.0M | $520.0M | $621.0M | $697.0M | $421.0M | $192.0M | $215.0M |
| Revenue growth | -81.2% | -24.3% | 10.2% | 16.7% | -22.4% | 19.4% | 12.2% | -39.6% | -54.4% | 12.0% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 137.9% | 185.6% | 240.9% | 232.7% | 358.3% | 322.2% | 347.9% | 498.1% | 1103.1% | 965.1% |
| Net income | $357.0M | $444.6M | – | – | – | – | – | $1.5B | -$3.9B | $444.0M |
| Net margin | 51.9% | 85.3% | – | – | – | – | – | 356.8% | -2032.8% | 206.5% |
| Diluted EPS | $0.95 | $0.80 | $1.23 | $1.79 | $2.35 | $2.53 | $3.86 | $3.46 | $-8.98 | $1.01 |
| Return on invested capital? | – | – | – | – | 6.4% | 6.9% | 8.3% | 7.1% | 8.7% | 9.0% |
| Cash | ||||||||||
| Operating cash flow | $1.8B | $2.0B | $2.5B | $2.7B | $3.1B | $2.8B | $2.9B | $3.1B | $2.9B | $3.1B |
| Capital expenditure | $874.0M | -$1.2B | $1.7B | $2.1B | $1.6B | $1.2B | $1.3B | $243.0M | $176.0M | $182.0M |
| Free cash flow | $913.0M | $3.2B | $761.0M | $641.0M | $1.4B | $1.6B | $1.6B | $2.9B | $2.8B | $2.9B |
| Stock-based compensation | $79.0M | $92.0M | $103.0M | $117.0M | $138.0M | $129.0M | $156.0M | $102.0M | $84.0M | $73.0M |
| Owner earnings? | $834.0M | $3.2B | $658.0M | $524.0M | $1.3B | $1.4B | $1.4B | $2.8B | $2.7B | $2.8B |
| Free cash flow per share | $2.68 | $8.48 | $1.83 | $1.53 | $3.37 | $3.59 | $3.61 | $6.64 | $6.38 | $6.58 |
| Capital allocation | ||||||||||
| Dividends paid | $1.2B | -$1.5B | $1.8B | $1.9B | $2.1B | $2.4B | -$2.6B | -$2.7B | -$2.7B | -$2.1B |
| Share repurchases | $25.0M | -$23.0M | $34.0M | $44.0M | $76.0M | $70.0M | -$65.0M | -$30.0M | -$33.0M | -$23.0M |
| Diluted shares | 341.0M | 383.0M | 415.0M | 418.0M | 425.0M | 434.0M | 434.0M | 434.0M | 434.0M | 437.0M |
| Share count change? | 2.1% | 12.3% | 8.4% | 0.7% | 1.7% | 2.1% | 0.0% | 0.0% | 0.0% | 0.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $568.0M | $314.0M | $277.0M | $196.0M | $232.0M | $292.0M | $156.0M | $105.0M | $100.0M | $99.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $12.2B | $16.2B | $16.7B | $18.1B | $19.3B | $20.6B | $21.7B | $22.9B | $24.1B | $24.3B |
| Net debt | $11.6B | $15.8B | $16.4B | $17.9B | $19.0B | $20.3B | $21.6B | $22.8B | $24.0B | $24.2B |
| Shareholders' equity | $7.2B | $11.9B | $11.6B | $10.5B | $9.5B | $8.3B | $7.4B | $6.4B | -$133.0M | -$1.6B |
Latest filings
| 2026-10-21 | 8-K | Earnings release |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-07-22 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-01 | 8-K | Earnings release |
| 2026-04-22 | 8-K | Earnings release |
| 2026-04-06 | DEF 14A | Proxy statement |
| 2026-02-23 | 10-K | Annual report |
| 2026-02-04 | 8-K | Earnings release |
| 2026-01-12 | 8-K | Earnings release |
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