Crown Castle Inc.CCI
NYSE•Real Estate•REIT - Specialty
Crown Castle Inc. owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber. It primarily supports 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 and is based in Houston, United States.
Crown Castle Inc. (CCI) reported trailing twelve months revenue of $4.21B as of March 2026, a 22.9% decline year-over-year. Quarterly revenue reached $1.01B, reflecting a contraction in sales.
Crown Castle Inc. generated $1.06B in TTM net income, with quarterly EBITDA of $637.00M. The operating margin contracted from 49.1% to 46.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (46.0%) and net margin (15.0%) indicates significant non-operating expenses or interest burden. Net margin has improved from -43.7% a year ago, signaling stronger bottom-line efficiency.
CCI trades at a P/E of 32.9x (a premium multiple) and a P/S of 8.3x.
The company generated $452.00M in free cash flow over the trailing twelve months, a 24.8% decrease year-over-year, indicating cash generation ability. The balance sheet shows $31.39B in total assets with no in long-term debt against $-1.92B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 5.7%. The business may lack pricing power or face rising costs.'
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 1.5x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
TTM revenue has contracted 15.2% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation