Crown Castle Inc. (CCI) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Crown Castle reported revenue of $4.26B, down 35.1% from $6.57B the year before. Net income was $444.0M (a 10.4% net margin), or $1.01 per diluted share. Gross margin was 97.3% and operating margin was 48.7%. Operating activities generated $3.06B of cash, leaving $2.88B of free cash flow. At fiscal year end, Crown Castle held $31.52B in total assets against $33.15B in total liabilities, including $99.0M of cash and equivalents.
Open the full interactive Crown Castle financials → Quarterly statements, key ratios, valuation history and price charts.
Crown Castle Key Stats
| Share Price | $79.56 |
|---|---|
| Market Cap | $34.53B |
| P/E Ratio | 78.8 |
| Revenue YoY Growth | -35.1% |
| 52-Week Range | $66.12 – $94.03 |
| Shares Outstanding | 433.0 million (basic, 2026 Q2) |
Crown Castle Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.84B | $6.34B | $6.99B | $6.98B | $6.57B | $4.26B |
| Cost of Goods Sold | $448.0M | $439.0M | $466.0M | $316.0M | $119.0M | $113.0M |
| Gross Profit | $5.39B | $5.90B | $4.96B | $5.05B | $4.76B | $4.15B |
| Operating Income | $1.86B | $2.00B | $2.42B | $2.37B | -$2.94B | $2.08B |
| Pre-Tax Income | $1.08B | $1.18B | $1.69B | $1.53B | -$3.88B | $1.12B |
| Income Tax | -$20.0M | -$21.0M | $16.0M | $26.0M | $24.0M | $16.0M |
| Net Income | $1.06B | $1.10B | $1.68B | $1.50B | -$3.90B | $444.0M |
| Diluted EPS | $2.35 | $2.53 | $3.86 | $3.46 | -$8.98 | $1.01 |
Crown Castle Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.07B | $1.07B | $1.01B | $1.01B |
| Net Income | $323.0M | $294.0M | $151.0M | $94.0M |
| Diluted EPS | $0.74 | $0.67 | $0.34 | $0.22 |
Crown Castle Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $232.0M | $292.0M | $156.0M | $105.0M | $119.0M | $99.0M |
| Current Assets | $1.10B | $1.25B | $1.22B | $1.03B | $1.09B | $1.14B |
| Total Assets | $38.77B | $39.04B | $38.92B | $38.53B | $32.74B | $31.52B |
| Current Liabilities | $1.97B | $2.03B | $2.73B | $2.58B | $2.18B | $4.48B |
| Total Long-Term Debt | $19.15B | $20.56B | $20.91B | $22.09B | $23.47B | $21.55B |
| Total Liabilities | $29.31B | $30.78B | $31.47B | $32.15B | $32.87B | $33.15B |
| Shareholders' Equity | $9.46B | $8.26B | $7.45B | $6.38B | -$133.0M | -$1.64B |
Crown Castle Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.06B | $2.79B | $2.88B | $3.13B | $2.94B | $3.06B |
| Cash From Investing | -$1.74B | -$1.33B | -$1.35B | -$1.52B | -$1.22B | -$1.16B |
| Cash From Financing | -$1.27B | -$1.31B | -$1.67B | -$1.65B | -$1.71B | -$1.89B |
| Free Cash Flow | $1.43B | $1.56B | $1.57B | $1.70B | $1.72B | $2.88B |
Figures from Crown Castle's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Crown Castle financials page for every line item.
Crown Castle Company Profile
| Ticker | CCI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001051470 |
Frequently Asked Questions
What was Crown Castle's revenue in fiscal 2025?
Crown Castle (CCI) reported revenue of $4.26B for fiscal 2025.
What is Crown Castle's annual revenue history?
Crown Castle's annual revenue by fiscal year: 2020: $5.84B; 2021: $6.34B; 2022: $6.99B; 2023: $6.98B; 2024: $6.57B; 2025: $4.26B.
What was Crown Castle's net income in fiscal 2025?
Crown Castle reported net income of $444.0M for fiscal 2025.
What was Crown Castle's earnings per share (EPS) in fiscal 2025?
Crown Castle's diluted EPS was $1.01 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Crown Castle generate in fiscal 2025?
Crown Castle generated $2.88B of free cash flow in fiscal 2025.
What was Crown Castle's revenue last quarter?
In its most recent reported quarter (2026 Q2), Crown Castle reported revenue of $1.01B.
How much debt does Crown Castle have?
Crown Castle reported $21.55B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Crown Castle are outstanding?
Crown Castle reported a weighted average of 433.0 million basic shares outstanding in 2026 Q2.
What is Crown Castle's market cap?
Based on its latest closing price, Crown Castle (CCI) has a market capitalization of about $34.53B.
When does Crown Castle's fiscal year end?
Crown Castle's fiscal year end, as registered with the SEC, is December 31.
Where is Crown Castle headquartered?
Crown Castle lists its business address in Houston, Texas in its SEC filings.