Crown Castle Inc.

CCI Real Estate Reit Specialty

In the quarter to June 2026, revenue fell 4.91%, EPS fell 67.2%, free cash flow fell 40.4% and total debt fell 24.9%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

82.26 2.26 +2.83%
Market cap
$34.0B
P/E
41.5×
Fwd P/E
46.8×
Dividend yield
5.17%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.07
Total sells 0.93
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 — — — — —
Sell — — — 3 — — — — — 1 — —
Insider Ownership 1.84%

Capital & Financial Ratios $m

Market Cap 34,040.00
Revenue 4,161.00
Net Income 862.00
Free Cash Flow 2,406.00
Net Debt 16,990.00
Current Ratio 0.52
Debt/Equity (5.58)
P/E ratio 41.55 (above 35: high)
Fwd P/E 46.80 (above 35: high)
P/S ratio 8.56
P/B ratio 0.00
Past 5Y EPS Growth (15.54%) (below 0%: weak)
This Y EPS Growth 90.27% (at or above 15%: strong)
Next Y EPS Growth 46.71% (at or above 15%: strong)
Next Y revenue growth (5.25%) (below 0%: weak)
Next 5Y EPS Growth 42.97% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 32.93%
10-year low 10-year high
P/S against its own 10 years 24.51%
10-year low 10-year high
EV/Sales against its own 10 years 38.22%
10-year low 10-year high
EV/FCF against its own 10 years 10.76%
10-year low 10-year high

Dividends

Payout Ratio 2.16
Annual Dividend Rate 4.25
Annual Dividend Yield 5.17%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 4.25
1.06
1.06
1.06
2025 4.75
1.57
1.06
1.06
1.06
2024 6.26
1.57
1.57
1.57
1.57
2023 6.26
1.57
1.57
1.57
1.57
2022 5.98
1.47
1.47
1.47
1.57
2021 5.46
1.33
1.33
1.33
1.47
2020 4.93
1.20
1.20
1.20
1.33
2019 4.58
1.13
1.13
1.13
1.20
2018 4.28
1.05
1.05
1.05
1.13
2017 3.90
0.95
0.95
0.95
1.05
2016 3.61
0.89
0.89
0.89
0.95
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 276 270 269 1,249
Receivables 481 129 172 179
Inventory — — — —
Other 56 24 23 19
1,032 1,090 1,144 1,716
2023 2024 2025 Q'26
Payables 252 48 71 90
ST’ Debt 835 603 2,783 2,260
Other — — — —
2,585 2,177 4,479 3,290

Compound Annual Growth %

10y 5y 3y
Sales 1.53% (6.10%) (15.17%)
Cash Flow 5.47% 0.01% 2.03%
Earnings (11.33%) (14.97%) (35.76%)
Book Value 0.00% 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 1,010 1,008 — — —
’25 1,061 1,060 1,072 1,071 4,264
’24 1,114 1,107 1,120 1,119 4,460
’23 1,773 1,867 1,667 — 4,734
’22 1,742 1,734 1,746 1,764 6,986
’21 1,485 1,583 1,618 1,654 6,340
’20 1,421 1,440 1,486 1,493 5,840
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 509 531 — — —
’25 641 832 714 870 3,057
’24 599 768 699 877 2,943
’23 606 1,119 533 868 3,126
’22 558 779 701 840 2,878
’21 584 787 684 734 2,789
’20 653 756 661 985 3,055
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 452 472 — — —
’25 601 792 671 811 2,875
’24 552 729 661 825 2,767
’23 265 740 186 1,692 2,883
’22 277 476 364 451 1,568
’21 282 480 401 397 1,560
’20 206 342 284 599 1,431
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.34 0.22 — — —
’25 (1.07) 0.67 0.74 0.67 1.01
’24 0.71 0.58 0.70 (10.97) (8.98)
’23 0.97 1.05 0.61 0.83 3.46
’22 0.97 0.97 0.97 0.95 3.86
’21 0.28 0.77 0.81 0.81 2.53
’20 0.38 0.41 0.38 1.17 2.35
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 75.71 83.96 98.85 104.22 114.18 146.15 121.71 84.72 88.92 84.20

Analyst estimates 2026–2028

Powerpack
High 102.82 114.97 117.60 149.47 180.00 209.87 209.00 153.98 120.92 115.76
People
People Employees 3,200 4,500 5,000 5,100 4,900 5,000 5,000 4,700 3,900 4,000
Revenue/emp, $m 1.23 0.95 1.07 1.13 1.19 1.27 1.40 1.01 1.14 1.07
Income, $m
Income, $m Revenue 3,921 4,255 5,370 5,763 5,840 6,340 6,986 4,734 4,460 4,264
Gross margin, % 63.25 63.74 65.66 65.54 66.28 68.56 70.40 73.28 75.56 74.09
EBT 374 392 641 881 1,076 1,179 1,691 1,258 1,180 1,119
EBT margin, % 9.54 9.21 11.94 15.29 18.42 18.60 24.21 26.57 26.46 26.24
Net income 357 366 622 860 1,056 1,158 1,675 1,502 (3,903) 444
Depreciation 1,123 1,250 1,534 1,573 1,614 1,657 1,724 816 768 722
Per share, $
Per share, $ Revenue 11.53 11.14 13.00 13.85 13.81 14.68 16.13 10.91 10.28 9.80
Earnings 0.95 1.01 1.35 1.80 2.36 2.54 3.87 3.46 (8.98) 1.02
Cash flow 5.26 5.32 6.05 6.49 7.22 6.46 6.65 7.20 6.78 7.03
Capex (2.57) (3.19) (4.21) (4.94) (3.84) (2.84) (3.03) (0.56) (0.41) (0.42)
Free cash flow 2.69 2.13 1.84 1.54 3.38 3.61 3.62 6.64 6.38 6.61
Book value 22.23 32.30 28.02 25.21 22.37 19.12 17.20 14.70 (0.31) (3.76)
Shares, m 340 382 413 416 423 432 433 434 434 435
Valuation, ×
Valuation, × P/E 92.34 105.76 79.88 71.79 68.03 77.89 35.83 33.61 0.00 87.13
P/S 7.53 9.78 8.35 10.26 11.53 14.22 8.57 10.69 8.83 9.07
P/B 3.91 3.37 3.88 5.64 7.12 10.92 8.04 7.93 0.00 0.00
EV/Sales 10.45 13.47 11.39 13.35 14.77 17.40 11.64 15.47 14.16 14.71
EV/FCF 44.90 70.35 80.34 120.00 60.27 70.73 51.85 25.41 22.83 21.82
Cash, $m
Cash, $m Operating cash flow 1,787 2,032 2,500 2,698 3,055 2,789 2,878 3,126 2,943 3,057
Capex (874) (1,217) (1,739) (2,057) (1,624) (1,229) (1,310) (243) (176) (182)
Free cash flow 913 815 761 641 1,431 1,560 1,568 2,883 2,767 2,875
Balance, $m
Balance, $m Working capital 363 (158) (277) (716) (865) (772) (1,514) (1,553) (1,087) (3,335)
Total debt 12,171 16,159 16,682 18,121 19,280 20,629 21,729 22,921 24,054 24,337
Net debt 11,479 15,724 16,274 17,788 18,904 20,168 21,407 22,645 23,784 24,068
Shareholders’ equity 7,557 12,339 11,571 10,489 9,461 8,258 7,449 6,381 (133) (1,635)
Returns, %
Returns, % ROA 1.45 1.12 1.57 2.10 2.59 2.82 4.30 3.88 (10.95) 1.38
ROIC 3.12 2.15 3.10 3.45 4.10 4.40 5.25 4.52 5.60 5.78
ROE 4.42 3.10 4.26 6.77 10.02 12.37 21.33 21.72 (124.94) (50.23)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Crown Castle Inc. vs peers in Reit Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EQIX Equinix, Inc. $98.3B 63.1× 62.5× +16.36% (above 0%: growing) +29.26% (above 0%: growing) −311.02% (below 0%: shrinking) 53.14% 25.33% Compare
AMT American Tower Corporation $84.5B 25.5× 29.7× +4.65% (above 0%: growing) +138.46% (above 0%: growing) +19.35% (above 0%: growing) 73.03% 46.15% Compare
DLR Digital Realty Trust, Inc. $64.7B 81.1× 89.2× +28.86% (above 0%: growing) −58.75% (below 0%: shrinking) −25.86% (below 0%: shrinking) 61.14% 24.28% Compare
CCI Crown Castle Inc. $34.0B 41.5× 46.8× −4.91% (below 0%: shrinking) −67.16% (below 0%: shrinking) −40.40% (below 0%: shrinking) 73.41% 46.63%
IRM Iron Mountain Incorporated $33.6B 80.4× 64.9× +18.52% (above 0%: growing) n/m +58.56% (above 0%: growing) 52.76% 18.41% Compare
SBAC SBA Communications Corporation $19.5B 20.1× 27.6× +2.33% (above 0%: growing) −10.95% (below 0%: shrinking) +11.32% (above 0%: growing) 75.39% 49.19% Compare
LAMR Lamar Advertising Company $15.0B 27.4× 25.6× +6.46% (above 0%: growing) +3.95% (above 0%: growing) +8.91% (above 0%: growing) 68.51% 33.72% Compare
WY Weyerhaeuser Company $14.0B 29.7× 56.6× −0.90% (below 0%: shrinking) +91.67% (above 0%: growing) +29.41% (above 0%: growing) 16.66% 11.94% Compare
GLPI Gaming and Leisure Properties, Inc. $11.4B 11.5× 14.4× +9.03% (above 0%: growing) +45.45% (above 0%: growing) −42.77% (below 0%: shrinking) 100.00% 77.21% Compare
Median of peers $26.5B 28.6× 43.2× +7.75% +29.26% +10.11% 64.83% 29.53%

All 18 Reit Specialty stocks →

CCI metrics, ten years each

Crown Castle Inc. (CCI) key facts

  • Crown Castle Inc. (CCI) is a Reit Specialty company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CCI traded at $82.26, a market capitalization of $34.0 billion.
  • Crown Castle Inc. pays an annual dividend of $4.25 per share, a yield of 5.17%.
  • Return on equity was −50.2% and debt-to-equity -5.58.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Crown Castle Inc. (CCI) Latest News

stockrow.com/CCI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com