FirmAtlas
Company handbook · CCI · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CCI · CIK 1051470 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
CROWN CASTLE INC
$82.26
+2.26 (+2.83%)
Close, Oct 16, 2026 · 52-week $65–100
Last fiscal year
CROWN CASTLE INC reported revenue of $215M for the year ended Dec 31, 2025 (FY25), up 12.0% from FY24. Net income was $444M, operating cash flow $3.1B and free cash flow $2.9B. Source: 10-K filed Feb 23, 2026.
Market cap
$35.8B
P/E
41.5
EV/EBITDA
23.3x
P/B
n/m
Div yield
5.17%
ROIC
8.9%
Revenue 1Y
12.0%/yr
EPS 1Y
n/m
Shares 1Y
+0.0%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOChristian H. Hillabrant
HQHouston, TX
AuditorPricewaterhouseCoopers LLP
Employees4,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−1.1%
−13.4%
−4.5%
−16.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
192
215+12.0%
203
YoY
+12.0%
Gross profit
(1,614)
102n/m
100
Gross margin
−840.6%
47.4%+888.1 pp
—
Operating income
2,118
2,075−2.0%
1,983
Operating margin
1103.1%
965.1%−138.0 pp
—
EBITDA
2,633
2,563−2.7%
—
EBITDA margin
1371.4%
1192.1%−179.3 pp
—
Interest expense
932
972+4.3%
—
Interest coverage
2.83x
2.64x−0.19x
—
Net income
(3,903)
444n/m
862
YoY
n/m
Net margin
−2032.8%
206.5%+2239.3 pp
—
EPS (diluted, $)
−8.98
1.01n/m
1.98
YoY
n/m
Balance sheet
Total assets
32,736
31,518−3.7%
21,512
Cash & short-term investments
295
308+4.4%
—
Accounts receivable
129
172+33.3%
—
Net PP&E
6,577
6,273−4.6%
—
Other assets
25,735
24,765−3.8%
—
Total liabilities
32,869
33,153+0.9%
24,782
Accounts payable
48
71+47.9%
—
Total debt
24,054
24,337+1.2%
18,239
Other liabilities
8,767
8,745−0.3%
—
Shareholders’ equity
(133)
(1,635)n/m
(3,270)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,943
3,057+3.9%
2,624
Net income
(3,903)
444n/m
—
Depreciation & amortization
515
488−5.2%
—
Stock-based compensation
84
73−13.1%
—
Working capital & other
6,247
2,052−67.2%
—
Cash from investing
(1,220)
(1,158)n/m
—
Capex
(176)
(182)n/m
—
Acquisitions
(8)
0n/m
—
Other investing
(1,036)
(976)n/m
—
Cash from financing
(1,708)
(1,886)n/m
—
Debt raised
1,244
0−100.0%
—
Debt repaid
750
1,200+60.0%
—
Dividends
2,729
2,080−23.8%
—
Buybacks
33
23−30.3%
—
Other financing
(6,464)
(5,189)n/m
—
Net change in cash
(1)
0n/m
—
Free cash flow (OCF − capex)
2,767
2,875+3.9%
2,406
Where the cash went
Operating cash flow
2,943
3,057+3.9%
2,624
Reinvested in the business
184
182−1.1%
—
% of operating cash flow
6.3%
6.0%
Capex
176
182+3.4%
218
Acquisitions
8
0−100.0%
—
Free cash flow
2,767
2,875+3.9%
2,406
YoY
+3.9%
Returned to shareholders
(2,762)
(2,103)n/m
—
% of free cash flow
-99.8%
-73.1%
Dividends
(2,729)
(2,080)n/m
—
Buybacks
(33)
(23)n/m
—
Change in total debt
—
283
—
Cash left over
—
5,261
—
FCF conversion (FCF ÷ net income)
—
647.5%
—
Owner earnings
—
730
—
Owner earnings margin
—
339.5%
—
Returns & ratios
ROIC (all capital)
8.8%
8.9%+0.1 pp
—
ROIC (operating)
31.3%
31.4%+0.1 pp
—
Net debt / EBITDA
9.02x
9.38x+0.35x
—
ROE
2934.6%
−27.2%−2961.7 pp
—
ROA
−11.9%
1.4%+13.3 pp
—
ROCE
6.9%
7.7%+0.7 pp
—
NOPAT
2,086
2,045−1.9%
—
Invested capital (operating)
6,658
6,374−4.3%
—
Invested capital (all)
23,626
22,394−5.2%
—
Reinvestment rate
—
−13.9%
—
Net debt is 9.4x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
60
53
49
41
vs year-ago quarter
Gross profit
30
25
23
22
Gross margin
50.0%
47.2%
46.9%
53.7%
Operating income
525
523
465
470
Net income
323
294
151
94
vs year-ago quarter
Net margin
538.3%
554.7%
308.2%
229.3%
EPS (diluted, $)
0.74
0.68
0.34
0.22
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
31,501
31,518
31,391
21,512
Cash & equivalents
255
308
325
1,254
Total debt
24,319
24,337
24,682
18,239
Shareholders’ equity
(1,493)
(1,635)
(1,920)
(3,270)
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
714
870
509
531
Capex
43
59
57
59
Free cash flow
671
811
452
472
vs year-ago quarter