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Crown Castle (CCI) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · Telecom Tower REITs · DATA UPDATED 2026-07-15

Crown Castle (CCI) operates in the Telecom Tower REITs industry and is headquartered in Houston, United States with about 1,500 employees. Its market capitalization is roughly $33 billion. In the fiscal year ended 2025-12-31, CCI reported $4.3B in revenue and $444M in net income.

Crown Castle Inc. owns, operates and leases approximately 40,000 cell towers across the U.S.

Interactive charts & full statements → Open the CCI valuation workbench →

CCI Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$4.2B	$4.3B	$6.6B	$7.0B	$7.0B	$6.3B	$5.8B	$5.8B	$5.4B	$4.3B	$3.9B	$3.7B	$3.5B	$2.9B	$2.4B	$2.0B	$1.9B	$1.7B	$1.5B	$1.4B	$788M
Gross Profit	$2.8B	$2.8B	$4.7B	$5.0B	$4.9B	$4.3B	$3.9B	$3.8B	$3.5B	$2.7B	$2.5B	$2.3B	$2.2B	$1.9B	$1.7B	$1.4B	$1.3B	$1.1B	$988M	$876M	$515M
Gross Margin %	65.7%	66.1%	71.9%	71.6%	70.4%	68.6%	66.3%	65.5%	65.7%	63.7%	63.2%	63.9%	63.1%	65.4%	70.0%	71.0%	69.0%	67.4%	64.7%	63.3%	65.4%
Operating Income (EBIT)	$2.0B	$2.1B	($2.9B)	$2.4B	$2.4B	$2.0B	$1.9B	$1.6B	$1.4B	$967M	$949M	$946M	$941M	$881M	$835M	$692M	$575M	$434M	$293M	$100M	$121M
Operating Margin %	48.0%	48.8%	-44.7%	33.9%	34.7%	31.6%	31.9%	27.1%	25.8%	22.7%	24.2%	25.8%	26.6%	30.7%	34.3%	34.1%	30.6%	25.8%	19.2%	7.2%	15.4%
Net Income	$1.1B	$444M	($3.9B)	$1.5B	$1.7B	$1.1B	$1.1B	$860M	$622M	$366M	$357M	$478M	$294M	$45M	$189M	$171M	($311M)	($114M)	($49M)	($223M)	($42M)
Net Margin %	25.1%	10.4%	-59.4%	21.5%	24.0%	17.3%	18.1%	14.9%	11.6%	8.6%	9.1%	13.1%	8.3%	1.6%	7.8%	8.4%	-16.6%	-6.8%	-3.2%	-16.1%	-5.3%
EBITDA	$2.7B	$2.8B	($1.2B)	$4.1B	$4.1B	$3.5B	$3.4B	$3.1B	$2.8B	$2.2B	$2.0B	$2.0B	$1.8B	$1.5B	$1.2B	$1.2B	$623M	$785M	$727M	$690M	$425M
Earnings Per Share (EPS)	$2.42	$1.02	$-8.99	$3.46	$3.86	$2.53	$2.48	$2.06	$1.50	$0.96	$1.05	$1.43	$0.88	$0.15	$0.65	$0.60	$-1.08	$-0.40	$-0.17	$-0.80	$-0.20
Shares Outstanding (M)	437M	437M	434M	434M	434M	434M	425M	418M	415M	383M	341M	334M	333M	299M	291M	286M	287M	287M	282M	280M	207M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CCI Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$1.0B	$1.1B	$1.1B	$1.1B	$1.1B	$1.6B	$1.7B	$1.1B
Gross Profit	$744M	$451M	$792M	$782M	$793M	$1.2B	$1.2B	$833M
Gross Margin %	73.7%	42.1%	73.9%	73.8%	74.7%	71.9%	72.2%	75.2%
Operating Income (EBIT)	$465M	$527M	$525M	$506M	$521M	($4.5B)	$544M	$495M
Operating Margin %	46.0%	49.2%	49.0%	47.7%	49.1%	-273.2%	32.9%	44.7%
Net Income	$151M	$294M	$323M	$291M	($464M)	($4.8B)	$303M	$251M
Net Margin %	14.9%	27.4%	30.1%	27.5%	-43.7%	-289.1%	18.3%	22.7%
EBITDA	$639M	$699M	$695M	$679M	$694M	($4.1B)	$1.5B	$672M
Earnings Per Share (EPS)	$0.35	$0.67	$0.74	$0.67	$-1.06	$-10.99	$0.69	$0.58
Shares Outstanding (M)	437M	437M	437M	437M	436M	434M	436M	435M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CCI Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$2.9B	$3.1B	$2.9B	$3.1B	$2.9B	$2.7B	$3.1B	$2.7B	$2.5B	$2.0B	$1.8B	$1.8B	$1.7B	$1.2B	$773M	$643M	$603M	$571M	$513M	$350M	$281M
Capital Expenditures (CapEx)	$199M	$182M	$1.2B	$1.4B	$1.3B	$1.2B	$1.6B	$2.1B	$1.7B	$1.2B	$874M	$909M	$780M	$568M	$441M	$348M	$228M	$174M	$451M	$300M	$428M
Free Cash Flow (FCF)	$2.7B	$2.9B	$1.7B	$1.7B	$1.6B	$1.5B	$1.4B	$641M	$761M	$816M	$908M	$888M	$886M	$670M	$331M	$296M	$375M	$398M	$62M	$50M	($147M)
FCF Margin %	64.7%	67.4%	26.2%	24.4%	22.4%	23.6%	24.5%	11.1%	14.2%	19.2%	23.2%	24.2%	25.0%	23.4%	13.6%	14.5%	20.0%	23.6%	4.1%	3.6%	-18.6%
Dividends Paid	$1.9B	$2.1B	$2.7B	$2.7B	$2.6B	$2.4B	$2.2B	$2.0B	$1.9B	$1.5B	$1.3B	$1.2B	$669M	$3.5B	$2M	$19M	$20M	$20M	$20M	$20M	$20M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CCI Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$509M	$870M	$714M	$832M	$641M	$877M	$699M	$768M
Capital Expenditures (CapEx)	$57M	$59M	$43M	$40M	$40M	$276M	$297M	$329M
Free Cash Flow (FCF)	$452M	$811M	$671M	$792M	$601M	$601M	$402M	$439M
FCF Margin %	44.8%	75.6%	62.6%	74.7%	56.6%	36.4%	24.3%	39.7%
Dividends Paid	$473M	$465M	$462M	$463M	$690M	$680M	$681M	$680M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CCI Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$31.4B	$31.5B	$32.7B	$38.5B	$38.9B	$39.0B	$38.8B	$38.5B	$32.8B	$32.2B	$22.7B	$21.9B	$21.1B	$20.6B	$16.1B	$10.5B	$10.5B	$11.0B	$10.4B	$10.5B	$5.0B
Cash & Cash Equivalents	$55M	$269M	$119M	$105M	$156M	$292M	$232M	$196M	$277M	$314M	$568M	$179M	$151M	$223M	$441M	$80M	$113M	$766M	$155M	$75M	$593M
Total Liabilities	$33.3B	$33.2B	$32.9B	$32.1B	$31.5B	$30.8B	$29.3B	$28.0B	$21.2B	$19.9B	$15.1B	$14.8B	$14.4B	$13.7B	$13.1B	$8.2B	$8.0B	$8.0B	$7.6B	$7.3B	$4.2B
Total Debt (Short + Long-Term)	$24.7B	$24.6B	$24.4B	$23.3B	$22.1B	$21.0B	$19.6B	$18.4B	$16.7B	$16.2B	$12.2B	$12.2B	$11.9B	$11.6B	$11.6B	$6.9B	$6.8B	$6.6B	$6.1B	$6.1B	$3.5B
Total Shareholders' Equity	($1.9B)	($1.6B)	($133M)	$6.4B	$7.4B	$8.3B	$9.5B	$10.5B	$11.6B	$12.3B	$7.6B	$7.1B	$6.7B	$6.9B	$2.9B	$2.7B	$2.4B	$2.9B	$2.7B	$3.2B	$756M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CCI viewer.

Other Companies in Telecom Tower REITs

AMT · American Tower — $78 billion
SBAC · SBA Communications — $18 billion

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