Crown Castle Inc. (CCI) reported $4.08B of revenue for the twelve months ended Sep 30, 2026. That is down 5.3% from the year before. Revenue for fiscal 2025 was $4.26B.

Yes. Crown Castle Inc. earned $822.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 20.1%.

How much cash and debt does CCI have?

Crown Castle Inc. reported $133.00M in cash and cash equivalents and $17.80B of debt on its most recent balance sheet in SEC filings.

How fast is CCI revenue growing?

Crown Castle Inc.'s revenue changed -4.4% in fiscal 2025, to $4.26B. Its compound annual growth rate was -6.1% over 5 years and +1.5% over 10 years.

What is CCI gross margin?

Crown Castle Inc.'s gross profit was $4.00B on $4.08B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 97.9%.

What is CCI free cash flow?

Crown Castle Inc. generated $1.73B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.97B less capital expenditures.

What is CCI earnings per share?

Diluted earnings per share were $1.90 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did CCI last report financial results?

The latest statements here come from Crown Castle Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.

Where does this CCI financial data come from?

Quantisnow builds these statements from the structured XBRL data Crown Castle Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · CCI

Crown Castle Inc. (CCI) financials

For the twelve months ended Sep 30, 2026, Crown Castle Inc. reported $4.08B of revenue and $822.00M of net income.

Revenue, TTM: $4.08B
Revenue growth, YoY: -5.3%
Net income, TTM: $822.00M
Net margin: 20.1%
Free cash flow, TTM: $1.73B
EPS, diluted, TTM: $1.90
Cash: $133.00M
Total debt: $17.80B
P/E: 46.25
P/S: 9.31
Market cap: $38.02B

Annual revenue$4.26B

FY2016FY2025

Annual net income$444.00M

FY2016FY2025

Annual free cash flow$2.88B

FY2016FY2025

CCI revenue and earnings growth

CCI revenueQ3 2026$995.00M

Quarter YoY: -7.2%
QoQ: -1.3%
FY YoY: -4.4%
5Y CAGR: -6.1%
10Y CAGR: +1.5%

CCI revenue was $995.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 7.2% from a year earlier and down 1.3% from the prior quarter. For the full fiscal 2025 it was $4.26B, down 4.4% from fiscal 2024. Compound annual growth was -6.1% over 5 years and +1.5% over 10 years. It rose in 7 of the last 10 fiscal years.

CCI net incomeQ3 2026$283.00M

Quarter YoY: -12.4%
QoQ: +201.1%
5Y CAGR: -15.0%
10Y CAGR: -11.6%

CCI net income was $283.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 12.4% from a year earlier and up 201.1% from the prior quarter. For the full fiscal 2025 it was $444.00M, compared with -$3.90B in fiscal 2024. Compound annual growth was -15.0% over 5 years and -11.6% over 10 years.

CCI EPSQ3 2026$0.67

Quarter YoY: -9.5%
QoQ: +204.5%
5Y CAGR: -15.5%
10Y CAGR: -13.7%

CCI diluted EPS was $0.67 in fiscal Q3 2026 (ended Sep 30, 2026), down 9.5% from a year earlier and up 204.5% from the prior quarter. For the full fiscal 2025 it was $1.01, compared with -$8.98 in fiscal 2024. Compound annual growth was -15.5% over 5 years and -13.7% over 10 years.

CCI free cash flowQ3 2026-$10.00M

FY YoY: +3.9%
5Y CAGR: +15.0%
10Y CAGR: +12.5%

CCI free cash flow was -$10.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $671.00M a year earlier. For the full fiscal 2025 it was $2.88B, up 3.9% from fiscal 2024. Compound annual growth was +15.0% over 5 years and +12.5% over 10 years. It rose in 6 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$4.26B	$4.46B	$4.73B	$6.99B	$6.34B	$5.84B	$5.76B	$5.37B	$4.25B	$3.92B
Cost of revenue	$113.00M	$107.00M	$304.00M	$2.02B	$1.95B	$1.93B	$524.00M	$434.00M	$399.00M	$417.00M
Gross profit	$4.15B	$4.35B	$4.43B	$4.96B	$4.39B	$3.91B	$5.24B	$4.94B	$3.86B	$3.50B
Selling, general and admin	$383.00M	$435.00M	$502.00M	$750.00M	$680.00M	$678.00M	$614.00M	$563.00M	$426.00M	$371.00M
Operating income	$2.08B	$2.12B	$2.10B	$2.42B	$2.00B	$1.86B	$1.56B	$1.38B	$967.00M	$949.00M
Interest expense	-	-	-	-	-	-	-	-	$0	$0
Pre-tax income	$1.12B	$1.18B	$1.26B	$1.69B	$1.18B	$1.08B	$881.00M	$641.00M	$392.00M	$374.00M
Income tax	$16.00M	$18.00M	$21.00M	$16.00M	$21.00M	$20.00M	-$21.00M	-$19.00M	-$26.00M	-$17.00M
Net income	$444.00M	-$3.90B	$1.50B	$1.68B	$1.10B	$999.00M	$747.00M	$509.00M	$308.00M	$324.00M
EPS, basic	$1.02	-$8.98	$3.46	$3.87	$2.54	$2.36	$1.80	$1.23	$0.80	$0.95
EPS, diluted	$1.01	-$8.98	$3.46	$3.86	$2.53	$2.35	$1.79	$1.23	$0.80	$0.95
Diluted shares	437.0M	434.0M	434.0M	434.0M	434.0M	425.0M	418.0M	415.0M	383.0M	341.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$99.00M	$295.00M	$281.00M	$327.00M	$466.00M	$381.00M	$338.00M	$413.00M	$440.00M	$697.00M
Receivables	$172.00M	$129.00M	$481.00M	$593.00M	$543.00M	$431.00M	$596.00M	$501.00M	$398.00M	$373.53M
Current assets	$1.14B	$1.09B	$1.03B	$1.22B	$1.25B	$1.10B	$1.20B	$1.23B	$1.13B	$1.32B
Goodwill	$5.13B	$5.13B	$10.09B	$10.09B	$10.08B	$10.08B	$10.08B	$10.08B	$10.02B	$5.76B
Total assets	$31.52B	$32.74B	$38.53B	$38.92B	$39.04B	$38.77B	$38.46B	$32.76B	$32.23B	$22.68B
Current liabilities	$4.48B	$2.18B	$2.58B	$2.73B	$2.03B	$1.97B	$1.92B	$1.51B	$1.29B	$961.36M
Short-term debt	$2.78B	$603.00M	$835.00M	$819.00M	$72.00M	$129.00M	$100.00M	$107.00M	$115.00M	$101.75M
Long-term debt	$21.55B	$23.45B	$22.09B	$20.91B	$20.56B	$19.15B	$18.02B	$16.57B	$16.04B	$12.07B
Total debt	$24.34B	$24.05B	$22.92B	$21.73B	$20.63B	$19.28B	$18.12B	$16.68B	$16.16B	$12.17B
Total liabilities	$33.15B	$32.87B	$32.15B	$31.47B	$30.78B	$29.31B	$27.97B	$21.19B	$19.89B	$15.12B
Shareholders' equity	-$1.64B	-$133.00M	$6.38B	$7.45B	$8.26B	$9.46B	$10.49B	$11.57B	$11.93B	$7.22B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$3.06B	$2.94B	$3.13B	$2.88B	$2.79B	$3.06B	$2.70B	$2.50B	$2.03B	$1.79B
Capital expenditures	$182.00M	$176.00M	$243.00M	$1.31B	$1.23B	$1.62B	$2.06B	$1.74B	-$1.22B	$874.00M
Free cash flow	$2.88B	$2.77B	$2.88B	$1.57B	$1.56B	$1.43B	$641.00M	$761.00M	$815.00M	$913.00M
Investing cash flow	-$1.16B	-$1.22B	-$1.52B	-$1.35B	-$1.33B	-$1.74B	-$2.08B	-$1.79B	-$10.48B	-$1.43B
Financing cash flow	-$1.89B	-$1.71B	-$1.65B	-$1.67B	-$1.31B	-$1.27B	-$692.00M	-$733.00M	$8.19B	-$89.00M
Dividends paid	-$2.08B	-$2.73B	-$2.72B	-$2.60B	$2.37B	$2.10B	$1.91B	$1.78B	-$1.51B	$1.24B
Share repurchases	-$23.00M	-$33.00M	-$30.00M	-$65.00M	$70.00M	$76.00M	$44.00M	$34.00M	-$23.00M	$25.00M
Stock-based compensation	$73.00M	$84.00M	$102.00M	$156.00M	$129.00M	$138.00M	$117.00M	$103.00M	$92.00M	$79.00M
Depreciation and amortization	$690.00M	$736.00M	$787.00M	$1.71B	$1.64B	$1.61B	$1.57B	$1.53B	$1.24B	$1.11B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-4.4%	-5.8%	-32.2%	10.2%	8.6%	1.3%	7.3%	26.2%	8.5%	7.0%
Net income growth, YoY	-	-	-10.3%	52.8%	9.7%	33.7%	46.8%	65.3%	-4.9%	-78.7%
EPS growth, YoY	-	-	-10.4%	52.6%	7.7%	31.3%	45.5%	53.7%	-15.8%	-78.5%
Gross margin	97.3%	97.6%	93.6%	71.0%	69.2%	67.0%	90.9%	91.9%	90.6%	89.4%
Operating margin	48.7%	47.5%	44.3%	34.7%	31.6%	31.9%	27.1%	25.8%	22.7%	24.2%
Net margin	10.4%	-87.5%	31.7%	24.0%	17.3%	17.1%	13.0%	9.5%	7.2%	8.3%
Free cash flow margin	67.4%	62.0%	60.9%	22.4%	24.6%	24.5%	11.1%	14.2%	19.2%	23.3%
Return on equity	-	-	23.5%	22.5%	13.3%	10.6%	7.1%	4.4%	2.6%	4.5%
Return on assets	1.4%	-11.9%	3.9%	4.3%	2.8%	2.6%	1.9%	1.6%	1.0%	1.4%
Current ratio	0.26	0.50	0.40	0.45	0.62	0.56	0.63	0.82	0.88	1.38
Debt to equity	-	-	3.59	2.92	2.50	2.04	1.73	1.44	1.36	1.69

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$995.00M	$1.01B	$1.01B	$1.07B	$1.07B	$1.06B	$1.06B	$1.12B	$1.12B	$1.11B	$1.11B	-
Cost of revenue	$13.00M	$19.00M	$26.00M	$29.00M	$30.00M	$27.00M	$28.00M	$26.00M	$27.00M	$25.00M	$29.00M	$36.00M
Gross profit	$982.00M	$989.00M	$984.00M	$1.04B	$1.04B	$1.03B	$1.03B	$1.09B	$1.09B	$1.08B	$1.08B	-
Selling, general and admin	$82.00M	$97.00M	$90.00M	$94.00M	$97.00M	$99.00M	$93.00M	$92.00M	$93.00M	$136.00M	$114.00M	-$79.00M
Operating income	$465.00M	$470.00M	$465.00M	$523.00M	$525.00M	$506.00M	$521.00M	$570.00M	$532.00M	$495.00M	$520.00M	$316.00M
Pre-tax income	$288.00M	$303.00M	$225.00M	$280.00M	$281.00M	$269.00M	$289.00M	$313.00M	$297.00M	$270.00M	$300.00M	$98.00M
Income tax	$5.00M	$4.00M	$5.00M	$3.00M	$4.00M	$4.00M	$5.00M	$4.00M	$3.00M	$5.00M	$6.00M	$0
Net income	$283.00M	$94.00M	$151.00M	$294.00M	$323.00M	$291.00M	-$464.00M	-$4.77B	$303.00M	$251.00M	$311.00M	$363.00M
EPS, basic	$0.67	$0.22	$0.34	$0.68	$0.74	$0.67	-$1.07	-$10.98	$0.70	$0.58	$0.72	$0.83
EPS, diluted	$0.67	$0.22	$0.34	$0.67	$0.74	$0.67	-$1.07	-$10.97	$0.70	$0.58	$0.71	$0.83
Diluted shares	426.0M	434.0M	437.0M	-	437.0M	437.0M	436.0M	-	436.0M	435.0M	435.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$133.00M	$1.04B	$55.00M	$99.00M	$255.00M	$274.00M	$278.00M	$295.00M	$371.00M	$331.00M	$298.00M	$281.00M
Receivables	$110.00M	$179.00M	$188.00M	$172.00M	$125.00M	$100.00M	$123.00M	$129.00M	$413.00M	$420.00M	$380.00M	$481.00M
Current assets	$695.00M	$1.72B	$1.25B	$1.14B	$1.11B	$1.07B	$1.08B	$1.09B	$1.12B	$1.08B	$977.00M	$1.03B
Goodwill	$5.13B	$5.13B	$5.13B	$5.13B	$5.13B	$5.13B	$5.13B	$5.13B	$10.09B	$10.09B	$10.09B	$10.09B
Total assets	$20.61B	$21.51B	$31.39B	$31.52B	$31.50B	$31.64B	$31.76B	$32.74B	$38.04B	$38.25B	$38.23B	$38.53B
Current liabilities	$3.00B	$3.29B	$4.71B	$4.48B	$4.30B	$3.80B	$2.95B	$2.18B	$2.10B	$2.49B	$2.34B	$2.58B
Short-term debt	$2.24B	$2.26B	$3.15B	$2.78B	$2.77B	$2.25B	$1.50B	$603.00M	$611.00M	$865.00M	$854.00M	$835.00M
Long-term debt	$15.56B	$15.98B	$21.53B	$21.55B	$21.55B	$22.04B	$22.87B	$23.45B	$23.45B	$22.85B	$22.56B	$22.09B
Total debt	$17.80B	$18.24B	$24.68B	$24.34B	$24.32B	$24.29B	$24.38B	$24.05B	$24.06B	$23.72B	$23.41B	$22.92B
Total liabilities	$24.03B	$24.78B	$33.31B	$33.15B	$32.99B	$33.02B	$33.01B	$32.87B	$32.75B	$32.59B	$32.18B	$32.15B
Shareholders' equity	-$3.42B	-$3.27B	-$1.92B	-$1.64B	-$1.49B	-$1.38B	-$1.25B	-$133.00M	$5.30B	$5.65B	$6.05B	$6.38B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$56.00M	$531.00M	$509.00M	$870.00M	$714.00M	$832.00M	$641.00M	$877.00M	$699.00M	$768.00M	$599.00M	$868.00M
Capital expenditures	$66.00M	$59.00M	$57.00M	$59.00M	$43.00M	$40.00M	$40.00M	$52.00M	$38.00M	$39.00M	$47.00M	-$824.00M
Free cash flow	-$10.00M	$472.00M	$452.00M	$811.00M	$671.00M	$792.00M	$601.00M	$825.00M	$661.00M	$729.00M	$552.00M	$44.00M
Investing cash flow	-$66.00M	$8.29B	-$313.00M	-$353.00M	-$282.00M	-$268.00M	-$255.00M	-$273.00M	-$297.00M	-$330.00M	-$320.00M	-$364.00M
Financing cash flow	-$939.00M	-$7.89B	-$179.00M	-$464.00M	-$451.00M	-$568.00M	-$403.00M	-$680.00M	-$362.00M	-$405.00M	-$261.00M	-$513.00M
Dividends paid	$452.00M	$459.00M	$473.00M	-$3.69B	$462.00M	$463.00M	$690.00M	-$4.78B	$681.00M	$680.00M	$688.00M	-$4.77B
Share repurchases	$26.00M	$992.00M	$25.00M	-$46.00M	$0	$2.00M	$21.00M	-$65.00M	$2.00M	$3.00M	$27.00M	-$59.00M
Stock-based compensation	$18.00M	$29.00M	$18.00M	$18.00M	$19.00M	$18.00M	$18.00M	$15.00M	$19.00M	$26.00M	$24.00M	-$24.00M
Depreciation and amortization	$180.00M	$171.00M	$172.00M	$170.00M	$167.00M	$175.00M	$177.00M	$184.00M	$181.00M	$180.00M	$191.00M	-$528.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	-7.2%	-4.9%	-4.8%	-4.3%	-4.3%	-4.2%	-4.8%	-	-32.8%	-40.7%	-37.2%	-
Net income growth, YoY	-12.4%	-67.7%	-	-	6.6%	15.9%	-	-	14.3%	-44.8%	-25.6%	-12.3%
EPS growth, YoY	-9.5%	-67.2%	-	-	5.7%	15.5%	-	-	14.8%	-44.8%	-26.8%	-12.6%
Gross margin	98.7%	98.1%	97.4%	97.3%	97.2%	97.5%	97.4%	97.7%	97.6%	97.7%	97.4%	-
Operating margin	46.7%	46.6%	46.0%	48.8%	49.0%	47.7%	49.1%	50.9%	47.5%	44.7%	46.7%	-
Net margin	28.4%	9.3%	15.0%	27.5%	30.1%	27.5%	-43.7%	-426.1%	27.1%	22.7%	27.9%	-
Free cash flow margin	-1.0%	46.8%	44.8%	75.7%	62.6%	74.7%	56.6%	73.7%	59.0%	65.9%	49.6%	-
Current ratio	0.23	0.52	0.27	0.26	0.26	0.28	0.37	0.50	0.54	0.43	0.42	0.40
Debt to equity	-	-	-	-	-	-	-	-	4.54	4.20	3.87	3.59

Source: XBRL data Crown Castle Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

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CCI FAQ

9 questions

What is CCI revenue?
Crown Castle Inc. (CCI) reported $4.08B of revenue for the twelve months ended Sep 30, 2026. That is down 5.3% from the year before. Revenue for fiscal 2025 was $4.26B.
Is CCI profitable?
Yes. Crown Castle Inc. earned $822.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 20.1%.
How much cash and debt does CCI have?
Crown Castle Inc. reported $133.00M in cash and cash equivalents and $17.80B of debt on its most recent balance sheet in SEC filings.
How fast is CCI revenue growing?
Crown Castle Inc.'s revenue changed -4.4% in fiscal 2025, to $4.26B. Its compound annual growth rate was -6.1% over 5 years and +1.5% over 10 years.
What is CCI gross margin?
Crown Castle Inc.'s gross profit was $4.00B on $4.08B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 97.9%.
What is CCI free cash flow?
Crown Castle Inc. generated $1.73B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.97B less capital expenditures.
What is CCI earnings per share?
Diluted earnings per share were $1.90 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did CCI last report financial results?
The latest statements here come from Crown Castle Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
Where does this CCI financial data come from?
Quantisnow builds these statements from the structured XBRL data Crown Castle Inc. files with the SEC. It is provided for information only and is not investment advice.