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

91.31 0.86 −0.93%
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) Operating margin

Alert me on Operating margin

Crown Castle Inc.'s operating margin over the twelve months to 30 September 2026 was 47.1%, down 1.6 percentage points from fiscal 2025 (48.7%). Over the past ten years it has ranged from 22.7% (fiscal 2017) to 48.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 20.7% and above the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 48.7% 1.17
FY2024 47.5% 3.19
FY2023 44.3% 9.59
FY2022 34.7% 3.15
FY2021 31.6% (0.34)
FY2020 31.9% 4.85
FY2019 27.1% 1.30
FY2018 25.8% 3.02
FY2017 22.7% (1.47)
FY2016 24.2% (1.62)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 46.7% 0.10
Jun 2026 46.6% 0.59
Mar 2026 46.0% (2.79)
Dec 2025 48.8% (0.14)
43 more quarters

Against its own ten years

Low 22.7% High 48.7%
Ten-year median 31.6%
Current reading's percentile 84

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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