Crown Castle Inc.

CCI Real Estate Reit Specialty

Crown Castle Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 4.39% from fiscal 2024.

Revenue
−7.18%
EPS
−9.46%
Free cash flow
−78.1%
Total debt
−26.8%

Quarter to September 2026, against a year earlier

89.95 1.00 −1.10%
Market cap
$38.7B
P/E
47.8×
Fwd P/E
46.0×
Dividend yield
4.65%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Crown Castle Inc. (CCI) Free cash flow margin

Alert me on Free cash flow margin

Crown Castle Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 46.1%, down 21.3 percentage points from fiscal 2025 (67.4%). Over the past ten years it has ranged from 11.1% (fiscal 2019) to 67.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 30.7% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 67.4% 5.38
FY2024 62.0% 1.14
FY2023 60.9% 38.46
FY2022 22.4% (2.17)
FY2021 24.6% 0.11
FY2020 24.5% 13.38
FY2019 11.1% (3.05)
FY2018 14.2% (4.98)
FY2017 19.2% (4.13)
FY2016 23.3% (0.88)

Against its own ten years

Low 11.1% High 67.4%
Ten-year median 24.2%
Current reading's percentile 100

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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