CCI Chart
About

Crown Castle 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.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Specialty Market Cap 37.47B
Enterprise Value 68.12B Income 1.10B Sales 4.26B
Book/sh -3.76 Cash/sh 0.23 Dividend Yield 4.79%
Payout 188.59% Employees 4000 IPO —
P/E 34.14 Forward P/E 30.73 PEG —
P/S 8.79 P/B -22.89 P/C —
EV/EBITDA 24.54 EV/Sales 15.98 Quick Ratio 0.10
Current Ratio 0.26 Debt/Eq — LT Debt/Eq —
EPS (ttm) 2.52 EPS next Y 2.80 EPS Growth —
Revenue Growth -4.30% Earnings 2026-04-22 ROA 4.06%
ROE — ROIC — Gross Margin 74.09%
Oper. Margin 49.21% Profit Margin 10.41% Shs Outstand 435.48M
Shs Float 435.20M Short Float 2.30% Short Ratio 2.64
Short Interest — 52W High 115.76 52W Low 77.01
Beta 0.98 Avg Volume 3.23M Volume 2.68M
Target Price $98.91 Recom Buy Prev Close $88.64
Price $86.04 Change -2.93%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$98.91
Mean price target
2. Current target
$86.04
Latest analyst target
3. DCF / Fair value
$56.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$86.04
Low
$84.00
High
$125.00
Mean
$98.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 main Barclays Equal-Weight → Equal-Weight $91
2026-02-06 main Citigroup Buy → Buy $106
2026-02-05 main Scotiabank Sector Perform → Sector Perform $94
2026-02-05 main JP Morgan Neutral → Neutral $95
2026-02-05 main UBS Buy → Buy $105
2026-02-05 main Wells Fargo Overweight → Overweight $90
2026-02-04 main Jefferies Buy → Buy $84
2026-01-21 main Keybanc Overweight → Overweight $115
2026-01-20 main UBS Buy → Buy $116
2026-01-20 main Goldman Sachs Neutral → Neutral $105
2026-01-14 main Scotiabank Sector Perform → Sector Perform $96
2026-01-12 main JP Morgan Neutral → Neutral $110
2025-12-16 main Wells Fargo Overweight → Overweight $105
2025-12-01 down Barclays Overweight → Equal-Weight $101
2025-11-17 main Barclays Overweight → Overweight $104
2025-10-23 main JP Morgan Neutral → Neutral $115
2025-10-20 main Wells Fargo Overweight → Overweight $115
2025-10-16 main Citigroup Buy → Buy $110
2025-10-02 up RBC Capital Sector Perform → Outperform $112
2025-09-22 up Wolfe Research Peer Perform → Outperform $114
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 5726 — — PATEL SUNIT S Chief Financial Officer — 2026-02-19 00:00:00 D nan
1 15702 — — LEVENDOS CHRISTOPHER DAVID Officer — 2026-02-19 00:00:00 D nan
2 5438 — — PICHE CATHERINE Officer — 2026-02-19 00:00:00 D nan
3 10294 — — ADAMS EDWARD B JR General Counsel — 2026-02-19 00:00:00 D nan
4 3389 — — COLLINS ROBERT SEAN Officer — 2026-02-19 00:00:00 D nan
5 3375 — Stock Gift at price 0.00 per share. MELONE ANTHONY J. Director — 2026-02-17 00:00:00 D —
6 2440 — — ADAMS EDWARD B JR General Counsel — 2026-02-10 00:00:00 D nan
7 1883 — Sale at price 79.71 per share. LEVENDOS CHRISTOPHER DAVID Officer — 2026-02-06 00:00:00 D 150094.0
8 5371 — — PICHE CATHERINE Officer — 2025-11-10 00:00:00 D nan
9 1065 — Sale at price 93.98 per share. LEVENDOS CHRISTOPHER DAVID Officer — 2025-10-28 00:00:00 D 100094.0
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.10B-2.02M-340.63K-391.86K
TaxRateForCalcs0.210.020.010.02
NormalizedEBITDA3.97B4.22B4.11B3.48B
TotalUnusualItems-5.21B-119.00M-36.00M-22.00M
TotalUnusualItemsExcludingGoodwill-5.21B-119.00M-36.00M-22.00M
NetIncomeFromContinuingOperationNetMinorityInterest-3.90B1.50B1.68B1.16B
ReconciledDepreciation1.74B1.75B1.71B1.64B
ReconciledCostOfRevenue1.85B1.98B2.07B1.99B
EBITDA-1.24B4.10B4.07B3.46B
EBIT-2.98B2.35B2.36B1.81B
NetInterestIncome-913.00M-835.00M-696.00M-656.00M
InterestExpense900.00M821.00M673.00M632.00M
InterestIncome19.00M15.00M3.00M1.00M
NormalizedIncome216.85M1.62B1.71B1.18B
NetIncomeFromContinuingAndDiscontinuedOperation-3.90B1.50B1.68B1.10B
TotalExpenses4.29B4.49B4.55B4.46B
RentExpenseSupplemental1.73B1.66B1.60B1.55B
TotalOperatingIncomeAsReported-2.94B2.37B2.42B2.00B
DilutedAverageShares434.00M434.00M434.00M434.00M
BasicAverageShares434.00M434.00M433.00M432.00M
DilutedEPS-8.983.463.862.53
BasicEPS-8.983.463.872.54
DilutedNIAvailtoComStockholders-3.90B1.50B1.68B1.10B
NetIncomeCommonStockholders-3.90B1.50B1.68B1.10B
NetIncome-3.90B1.50B1.68B1.10B
NetIncomeIncludingNoncontrollingInterests-3.90B1.50B1.68B1.10B
NetIncomeDiscontinuousOperations0.000.00-62.00M
NetIncomeContinuousOperations-3.90B1.50B1.68B1.16B
TaxProvision24.00M26.00M16.00M21.00M
PretaxIncome-3.88B1.53B1.69B1.18B
OtherIncomeExpense-5.24B-125.00M-46.00M-43.00M
OtherNonOperatingIncomeExpenses-28.00M-6.00M-10.00M-21.00M
SpecialIncomeCharges-5.21B-119.00M-36.00M-22.00M
OtherSpecialCharges28.00M145.00M
WriteOff148.00M33.00M34.00M21.00M
ImpairmentOfCapitalAssets4.96B0.000.0021.00M
RestructuringAndMergernAcquisition109.00M86.00M2.00M1.00M
NetNonOperatingInterestIncomeExpense-913.00M-835.00M-696.00M-656.00M
TotalOtherFinanceCost32.00M29.00M26.00M25.00M
InterestExpenseNonOperating900.00M821.00M673.00M632.00M
InterestIncomeNonOperating19.00M15.00M3.00M1.00M
OperatingIncome2.28B2.49B2.43B1.88B
OperatingExpense2.44B2.51B2.48B2.47B
OtherOperatingExpenses28.00M145.00M
DepreciationAmortizationDepletionIncomeStatement1.74B1.75B1.71B1.64B
DepreciationAndAmortizationInIncomeStatement1.74B1.75B1.71B1.64B
SellingGeneralAndAdministration706.00M759.00M750.00M680.00M
GrossProfit4.72B5.00B4.92B4.35B
CostOfRevenue1.85B1.98B2.07B1.99B
TotalRevenue6.57B6.98B6.99B6.34B
OperatingRevenue6.57B6.98B6.99B6.34B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber434.60M433.69M433.00M432.00M
ShareIssued434.60M433.69M433.00M432.00M
NetDebt23.96B22.82B21.57B20.34B
TotalDebt29.61B28.81B27.96B27.01B
TangibleBookValue-8.04B-6.88B-6.23B-5.87B
InvestedCapital23.95B29.30B29.18B28.89B
WorkingCapital-1.09B-1.55B-1.51B-772.00M
NetTangibleAssets-8.04B-6.88B-6.23B-5.87B
CapitalLeaseObligations5.53B5.89B6.23B6.38B
CommonStockEquity-133.00M6.38B7.45B8.26B
TotalCapitalization23.34B28.47B28.36B28.82B
TotalEquityGrossMinorityInterest-133.00M6.38B7.45B8.26B
StockholdersEquity-133.00M6.38B7.45B8.26B
GainsLossesNotAffectingRetainedEarnings-5.00M-4.00M-5.00M-4.00M
OtherEquityAdjustments-5.00M-4.00M-5.00M-4.00M
RetainedEarnings-18.52B-11.89B-10.67B-9.75B
AdditionalPaidInCapital18.39B18.27B18.12B18.01B
CapitalStock4.00M4.00M4.00M4.00M
CommonStock4.00M4.00M4.00M4.00M
TotalLiabilitiesNetMinorityInterest32.87B32.15B31.47B30.78B
TotalNonCurrentLiabilitiesNetMinorityInterest30.69B29.56B28.74B28.76B
OtherNonCurrentLiabilities29.00M7.00M7.00M6.00M
NonCurrentDeferredLiabilities1.56B1.55B1.62B1.89B
NonCurrentDeferredRevenue1.36B1.31B1.34B1.57B
NonCurrentDeferredTaxesLiabilities31.00M26.00M18.00M14.00M
LongTermDebtAndCapitalLeaseObligation28.71B27.65B26.79B26.59B
LongTermCapitalLeaseObligation5.24B5.56B5.88B6.03B
LongTermDebt23.47B22.09B20.91B20.56B
LongTermProvisions395.00M355.00M327.00M269.00M
CurrentLiabilities2.18B2.58B2.73B2.03B
CurrentDeferredLiabilities476.00M605.00M736.00M776.00M
CurrentDeferredRevenue476.00M605.00M736.00M776.00M
CurrentDebtAndCapitalLeaseObligation906.00M1.17B1.17B421.00M
CurrentCapitalLeaseObligation296.00M332.00M350.00M349.00M
CurrentDebt610.00M835.00M819.00M72.00M
OtherCurrentBorrowings610.00M835.00M819.00M72.00M
PayablesAndAccruedExpenses795.00M813.00M826.00M829.00M
CurrentAccruedExpenses603.00M561.00M590.00M583.00M
InterestPayable244.00M219.00M183.00M182.00M
Payables192.00M252.00M236.00M246.00M
AccountsPayable192.00M252.00M236.00M246.00M
TotalAssets32.74B38.53B38.92B39.04B
TotalNonCurrentAssets31.65B37.49B37.70B37.79B
OtherNonCurrentAssets103.00M139.00M136.00M123.00M
NonCurrentAccountsReceivable2.34B2.24B1.95B1.59B
GoodwillAndOtherIntangibleAssets7.91B13.26B13.68B14.12B
OtherIntangibleAssets2.78B3.18B3.60B4.05B
Goodwill5.13B10.09B10.09B10.08B
NetPPE21.29B21.85B21.93B21.95B
AccumulatedDepreciation-15.54B-14.28B-13.07B-11.94B
GrossPPE36.84B36.13B35.00B33.89B
ConstructionInProgress1.04B1.13B913.00M853.00M
OtherProperties33.04B32.35B30.88B29.97B
MachineryFurnitureEquipment681.00M652.00M587.00M
BuildingsAndImprovements213.00M209.00M221.00M218.00M
LandAndImprovements2.54B2.44B2.34B2.26B
Properties0.000.000.000.00
CurrentAssets1.09B1.03B1.22B1.25B
OtherCurrentAssets40.00M56.00M73.00M53.00M
RestrictedCash171.00M171.00M166.00M169.00M
PrepaidAssets106.00M103.00M102.00M105.00M
Receivables654.00M597.00M720.00M635.00M
AccountsReceivable654.00M597.00M720.00M635.00M
AllowanceForDoubtfulAccountsReceivable-22.00M-19.00M-19.00M-17.00M
GrossAccountsReceivable676.00M616.00M739.00M652.00M
CashCashEquivalentsAndShortTermInvestments119.00M105.00M156.00M292.00M
CashAndCashEquivalents119.00M105.00M156.00M292.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow1.72B1.70B1.57B1.50B
RepurchaseOfCapitalStock-33.00M-30.00M-65.00M-70.00M
RepaymentOfDebt-1.52B-5.08B-4.20B-4.05B
IssuanceOfDebt1.24B7.46B4.24B5.23B
CapitalExpenditure-1.22B-1.42B-1.31B-1.23B
InterestPaidSupplementalData895.00M800.00M684.00M661.00M
IncomeTaxPaidSupplementalData17.00M18.00M10.00M20.00M
EndCashPosition295.00M281.00M327.00M466.00M
BeginningCashPosition281.00M327.00M466.00M381.00M
EffectOfExchangeRateChanges-1.00M1.00M0.000.00
ChangesInCash15.00M-47.00M-139.00M85.00M
FinancingCashFlow-1.71B-1.65B-1.67B-1.31B
CashFlowFromContinuingFinancingActivities-1.71B-1.65B-1.67B-1.31B
NetOtherFinancingCharges-12.00M-39.00M-14.00M-42.00M
CashDividendsPaid-2.73B-2.72B-2.60B-2.37B
PreferredStockDividendPaid0.000.00
CommonStockDividendPaid-2.73B-2.72B-2.60B-2.37B
NetCommonStockIssuance-33.00M-30.00M-65.00M-70.00M
CommonStockPayments-33.00M-30.00M-65.00M-70.00M
NetIssuancePaymentsOfDebt1.07B1.14B1.02B1.18B
NetShortTermDebtIssuance1.34B-1.24B976.00M-20.00M
ShortTermDebtPayments-20.00M
ShortTermDebtIssuance1.25B
NetLongTermDebtIssuance-275.00M2.38B40.00M1.18B
LongTermDebtPayments-1.52B-5.08B-4.20B-4.05B
LongTermDebtIssuance1.24B7.46B4.24B5.23B
InvestingCashFlow-1.22B-1.52B-1.35B-1.33B
CashFlowFromContinuingInvestingActivities-1.22B-1.52B-1.35B-1.33B
NetOtherInvestingChanges10.00M1.00M-7.00M8.00M
NetBusinessPurchaseAndSale-8.00M-96.00M-35.00M-111.00M
PurchaseOfBusiness-8.00M-96.00M-35.00M-111.00M
CapitalExpenditureReported-1.22B-1.42B-1.31B-1.23B
OperatingCashFlow2.94B3.13B2.88B2.73B
CashFromDiscontinuedOperatingActivities0.000.00-62.00M
CashFlowFromContinuingOperatingActivities2.94B3.13B2.88B2.79B
ChangeInWorkingCapital-200.00M-371.00M-747.00M-346.00M
ChangeInOtherCurrentLiabilities-91.00M-265.00M-281.00M-118.00M
ChangeInOtherCurrentAssets-118.00M-243.00M-412.00M-113.00M
ChangeInPayablesAndAccruedExpense3.00M22.00M-5.00M-2.00M
ChangeInAccruedExpense25.00M36.00M0.00-17.00M
ChangeInInterestPayable25.00M36.00M0.00-17.00M
ChangeInPayable-22.00M-14.00M-5.00M15.00M
ChangeInAccountPayable-22.00M-14.00M-5.00M15.00M
ChangeInReceivables6.00M115.00M-49.00M-113.00M
OtherNonCashItems67.00M43.00M22.00M34.00M
StockBasedCompensation131.00M157.00M156.00M129.00M
ProvisionandWriteOffofAssets8.00M3.00M4.00M
AssetImpairmentCharge5.11B33.00M34.00M21.00M
DeferredTax4.00M8.00M3.00M4.00M
DeferredIncomeTax4.00M8.00M3.00M4.00M
DepreciationAmortizationDepletion1.74B1.75B1.71B1.64B
DepreciationAndAmortization1.74B1.75B1.71B1.64B
Depreciation1.74B1.75B1.71B1.64B
OperatingGainsLosses28.00M145.00M
NetIncomeFromContinuingOperations-3.90B1.50B1.68B1.16B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CCI
Date User Asset Broker Type Position Size Entry Price Patterns