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Crown Castle Inc.

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

Revenue: −4.91%
EPS: −67.2%
Free cash flow: −40.4%
Total debt: −24.9%

Quarter to June 2026, against a year earlier

88.69 0.14 −0.16%

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Market cap: $37.8B
P/E: 44.9×
Fwd P/E: 46.0×
Dividend yield: 4.78%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Segments Filings

Crown Castle Inc. (CCI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2012: revenue by regions, and margins
United States	2,283	93.85%
Australia	146	6.02%
Other Countries	3	0.13%
Gross margin		70.03%
Operating margin		34.31%
Pre-tax margin		4.14%

Revenue by segment $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Towers	192 100.00%	421 100.00%	685 98.28%	601 96.78%	500 96.15%	653 97.46%	558 97.21%	471 90.40%
Fiber	18 9.38%	28 6.65%	12 1.72%	20 3.22%	20 3.85%	17 2.54%	16 2.79%	50 9.60%
Eliminations	(18) (9.37%)	(28) (6.65%)	—	—	—	—	—	—
Consolidated Entities	—	—	—	—	—	—	—	521
Revenue	192	421	697	621	520	670	574	521

Gross profit by segment $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Towers	‡	‡	‡	‡	‡	‡	‡	‡
Fiber	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Segment and Other Operating Segment	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated Entities	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2012	FY2011	FY2010	FY2009
United States	2,283 93.85%	1,903 93.60%	1,773 94.36%	1,598 94.80%
Australia	146 6.02%	126 6.21%	102 5.45%	84 5.00%
Other Countries	3 0.13%	4 0.20%	3 0.18%	3 0.20%
Revenue	2,433	2,033	1,879	1,685

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q3 FY2026	$1.24	$1.12	+10.71%
Cell towers	Q3 FY2026	40.0K	40.0K	0.00%
FFO a share	Q3 FY2026	$1.04	$1.01	+2.97%
Remaining performance obligations	Q2 FY2026	$491.0M	$406.0M	+20.94%
Route miles of fiber	Q1 FY2026	90.0K	90.0K	0.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q4 FY2017
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cell towers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Route miles of fiber	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.