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Crown Castle Inc. owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them. Crown Castle Inc. was incorporated in 1994 in Delaware.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $2.8B | $444M | $2.9B | -27.2% | -4.4% | -111.4% |
| 2024 | $4.5B | $2.8B | $-3.9B | $2.8B | 2934.6% | -5.8% | -359.9% |
| 2023 | $4.7B | $2.9B | $1.5B | $2.9B | 23.5% | -32.2% | -10.3% |
| 2022 | $7.0B | $4.1B | $1.7B | $1.6B | 22.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 4,264 |
| Operating Revenue | 4,264 |
| Cost Of Revenue | 1,105 |
| Gross Profit | 3,159 |
| Operating Expense | 1,073 |
| Selling General And Administration | 383 |
| Total Expenses | 2,178 |
| Operating Income | 2,086 |
| Total Operating Income As Reported | 2,075 |
| EBITDA | 2,750 |
| Normalized EBITDA | 2,761 |
| EBIT | 2,060 |
| Interest Income | 13 |
| Interest Expense | 941 |
| Net Interest Income | -959 |
| Other Non Operating Income Expenses | 3 |
| Other Income Expense | -8 |
| Interest Income Non Operating | 13 |
| Interest Expense Non Operating | 941 |
| Net Non Operating Interest Income Expense | -959 |
| Pretax Income | 1,119 |
| Tax Provision | 16 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.15 |
| Net Income Continuous Operations | 1,103 |
| Net Income From Continuing And Discontinued Operation | 444 |
| Net Income From Continuing Operation Net Minority Interest | 1,103 |
| Net Income | 444 |
| Net Income Common Stockholders | 444 |
| Net Income Including Noncontrolling Interests | 444 |
| Normalized Income | 1,113.85 |
| Diluted NI Availto Com Stockholders | 444 |
| Basic Average Shares | 435 |
| Diluted Average Shares | 437 |
| Reconciled Depreciation | 690 |
| Reconciled Cost Of Revenue | 1,105 |
| Total Unusual Items | -11 |
| Total Unusual Items Excluding Goodwill | -11 |
| Net Income Discontinuous Operations | -659 |
| Special Income Charges | -11 |
| Other Special Charges | - |
| Write Off | 11 |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | 0 |
| Depreciation Amortization Depletion Income Statement | 690 |
| Depreciation And Amortization In Income Statement | 690 |
| Rent Expense Supplemental | 992 |
| Total Other Finance Cost | 31 |
| Other Operating Expenses | - |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Crown Castle Inc.this co. | CCI | $40.9B | 92.20↑ premium | -25.04 | -27.2% | 25.60 |
| Public Storage | PSA | $53.8B | 30.17 | 10.99 | 36.4% | 19.64 |
| Iron Mountain Incorporated | IRM | $38.8B | 268.02 | -39.50 | -14.7% | 27.26 |
| Ventas, Inc. | VTR | $38.5B | 152.98 | 3.07 | 2.0% | 22.43 |
| CBRE Group, Inc. | CBRE | $38.3B | 33.14 |
| - |
| - |
| - |
| - |
| - |
| 4.32 |
| 13.0% |
| 22.97 |
| Extra Space Storage Inc. | EXR | $32.2B | 33.05 | 2.40 | 7.3% | 19.07 |
| VICI Properties Inc. | VICI | $29.3B | 10.56 | 1.05 | 10.0% | 12.66 |
| AvalonBay Communities, Inc. | AVB | $26.8B | 25.53 | 2.31 | 9.1% | 16.22 |
| Equity Residential | EQR | $26.2B | 23.42 | 2.38 | 10.2% | 13.85 |
| Peer Median | - | 31.61 | 2.39 | 9.5% | 19.36 | |