CCI

Crown Castle
D

CCI

Arincen39/100B

If you had invested in Crown Castle ago, it would be worth $1,666 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

39/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Crown Castle key facts

Style
Growth stock · 7.4/10Growth 7.4 · Value 4.9 · Dividend 6.7
Day range
89.540 – 90.390
52-week range
65.320 – 95.070
Market capitalization
38.32B USD
P/E
37.53
PEG ratio
1.37
EPS
2.40
Div Yield
4.72%
EPS growth forecast (FY2026)
+89.4%
Volume
12,955
Beta
0.91
ESG score
63.1/100Environment 73 · Social 51 · Governance 66
Sector
Real Estate
Industry
REIT - Specialty
CEO
Christian H. Hillabrant
Employees
2K
IPO date
18 Aug 1998

Crown Castle earnings

Next earnings · Q4 FY2026
EPS estimate
0.72 USD
Revenue estimate
1.02B USD
Last quarter · Q3 FY2026
EPS0.67Missed -2.5%Revenue966.00MMissed -4.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20270.70——+104.77%1.01B——+0.18%
Q4 FY20260.72——+5.59%1.02B——-4.83%
Q3 FY20260.690.67-2.47%-9.46%1.01B966.00M-4.53%-9.89%
Q2 FY20260.390.69+76.74%+2.99%995.05M1.01B+1.30%-4.91%
Q1 FY20260.380.34-9.72%—994.84M1.01B+1.52%-4.81%
Q4 FY20250.550.68+23.19%—1.06B1.07B+1.09%-34.99%
Q3 FY20250.520.74+41.22%+5.71%1.06B1.07B+1.53%-35.11%
Q2 FY20250.550.67+22.71%+15.52%1.04B1.06B+2.00%-34.81%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Crown Castle analyst forecast

12-month price target
89.25 USD
-0.91%

Analysts' 1-year price targets range from 84.00 to 95.00, with an average of 89.25.

Past year
1-year forecast
Strong sellStrong buy
Buy
15 ratings
Buy
9
Hold
5
Sell
1

12-month price target

Highest target95.00
Average target89.25
Lowest target84.00
Current price90.07

Crown Castle valuation

Price to earnings ratio (TTM)
37.53
Forward P/E (FY2026)
46.63
Price to sales (TTM)
9.38
EV / EBITDA (TTM)
22.93

Capital structure

Market capitalization
38.32B USD
+
Total debt
22.92B USD
−
Cash and short-term investments
133.00M USD
=
Enterprise value
61.11B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)30.71————
FY2027 (est.)31.5530.71———
FY2026 (est.)46.6331.55———
Now (TTM)37.5332.959.38—22.93
FY202587.1346.019.06-23.6424.55
FY2024-10.1197.686.00-296.16-55.51
FY202333.2947.477.167.8319.18
FY202235.0540.168.417.8821.26
FY202182.1853.7814.2210.9233.83

Crown Castle against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Iron Mountain, Digital Realty Trust, SBA Communications, American Tower, Equinix, and Lamar Advertising, the US REIT - Specialty companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median37.5
    21.889.4
  • Gross marginLowest in 5 years66.1%
    66.1%71.9%
    Against its peers: 2 of 7Peers' median 46.5%
  • Operating marginHighest in 5 years48.7%
    -44.7%48.7%
    Against its peers: 1 of 7Peers' median 25.6%
  • Net marginBelow its median10.4%
    -59.4%24.0%
    Against its peers: 6 of 7Peers' median 22.6%
  • Free cash flow marginHighest in 5 years67.4%
    22.4%67.4%
    Against its peers: 1 of 7Peers' median 34.0%
  • Revenue growthLowest in 5 years-35.1%
    -35.1%10.2%
    Against its peers: 7 of 7Peers' median 5.5%
  • Debt to EBITDAHighest in 5 years10.68×
    6.87×10.68×
    Against its peers: 7 of 7Peers' median 7.05×
  • Current ratioLowest in 5 years0.26
    0.260.62
    Against its peers: 7 of 7Peers' median 0.84

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Crown Castle growth and profitability

Revenue (TTM)
4.09B USD
Net income (TTM)
822.00M USD
Gross margin
62.96%
Operating margin
47.07%
Net margin
20.12%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20254.27B-35.06%444.00M—66.07%48.75%10.41%2.77B—
FY20246.57B-5.92%-3.90B-359.85%71.88%-44.73%-59.42%-1.24B-130.25%
FY20236.98B-0.07%1.50B-10.33%71.64%33.93%21.52%4.10B+0.79%
FY20226.99B+10.19%1.68B+52.83%70.40%34.71%23.98%4.07B+17.83%
FY20216.34B+8.56%1.10B+3.79%68.56%31.56%17.29%3.46B+3.13%

Crown Castle revenue breakdown

By product

FY2024
Towers: 67.9%Fiber: 32.1%67.9%Towers32.1%Fiber
SegmentRevenueShare of revenueChange on the year
Towers4.46B67.9%-5.8%
Fiber2.11B32.1%-6.1%

By region

FY2014
United States: 95.8%Australia: 4.1%Other Countries: 0.1%95.8%United States4.1%Australia
RegionRevenueShare of revenueChange on the year
United States3.54B95.8%+23.5%
Australia151.13M4.1%-3.5%
Other Countries2.96M0.1%-11.7%

How Crown Castle makes its money

Revenue4.27B 100.0%
Cost of revenue1.45B 33.9%
Gross profit2.82B 66.1%
Selling and administration383.00M 9.0%
Other operating expenses356.00M 8.3%
Operating income2.08B 48.7%
Tax16.00M 0.4%
Other expense1.62B 38.0%
Net income444.00M 10.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Crown Castle dividends

Annual dividend
4.25 USD
Dividend yield (indicated)
4.72%
Payout ratio (FFO)
122.05%
Frequency
Quarterly
Next payment
1.06 USD
Next ex-dividend date
15 Dec 2026
Next payment date
31 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.756.266.265.985.464.934.584.283.903.61

Crown Castle financial health

Cash and short-term investments
133.00M USD
Total debt
22.92B USD
Net cash
-22.79B USD
Free cash flow (TTM)
1.73B USD
Current ratio
0.23
Piotroski score
7 / 9
Altman Z-score
-0.08

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025269.00M29.57B2.88B
FY2024119.00M29.61B1.72B
FY2023105.00M28.81B1.70B
FY2022156.00M27.96B1.57B
FY2021292.00M27.01B1.56B

Crown Castle ownership

Institutions
99.16%
Institutional holders
973 (-17)
Free float
99.90%

Who owns the shares

Institutions 99.2% Others 0.8%
As of 30 Jun 2026

Shares free to trade

Free float 425.05M shares ·99.9% Closely held 430.78K shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 20260131.81K45.47K
Q2 20261042.21K21.66K
Q1 202603178.73K67.95K
Q4 2025025.37K37.98K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025435.00M437.00M+0.69%
FY2024434.00M434.00M0.00%
FY2023434.00M434.00M0.00%
FY2022433.00M434.00M0.00%
FY2021432.00M434.00M+2.12%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Crown Castle

Sector: Real Estate
Industry: REIT - Specialty
Crown Castle owns or manages nearly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with more than 90% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown Castle divested its fiber business in May 2026. It operates as a real estate investment trust.

Common questions about Crown Castle stock