Crown Castle Inc. logo CCI - Crown Castle Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 22
HOLD 23
SELL 0
STRONG
SELL
0
| PRICE TARGET: $105.40 DETAILS
HIGH: $127.00
LOW: $91.00
MEDIAN: $101.00
CONSENSUS: $105.40
UPSIDE: 15.24%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 4,265 6,568 6,981 6,986 6,340 5,840 5,763 5,370 4,255 3,921 3,663.9 3,538.8 2,865.8 2,432.7 2,032.7 1,878.7 1,685.4 1,526.5 1,385.5 788.2 676.8 604.2 557.2 605.4 899.0 649.2 345.8 113.1 31.4
Cost of Revenue 1,447 1,847 1,980 2,068 1,993 1,969 1,986 1,844 1,543 1,441 1,321.4 1,306.6 991.0 729.0 588.4 581.4 549.4 538.6 509.1 273.0 252.0 231.0 226.2 298.2 467.2 233.6 106.8 29.9 13.1
Gross Profit 2,818 4,721 5,001 4,918 4,347 3,871 3,777 3,526 2,712 2,480 2,342.4 2,232.2 1,874.7 1,703.7 1,444.3 1,297.3 1,136.0 987.9 876.4 515.3 424.8 373.2 331.0 307.2 431.7 415.6 239 83.2 18.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.9 1.5 5.6 7.5 12.3 10.5 5.4 4.6 5.7
SG&A Expenses 383 706 759 750 680 678 614 563 426 371 310.9 257.3 213.5 212.6 173.5 165.4 153.1 149.6 142.8 95.8 105.8 106.2 115.5 99.6 108.7 80.1 43.8 23.6 6.8
Other Expenses 356 6,953 1,873 1,743 1,666 1,330 1,604 1,580 1,319 1,160 1,085.3 1,034.2 780.5 656.4 578.5 556.6 549.0 545.8 634.0 298.1 282.8 301.2 296.6 339.9 372.8 319.8 180 55.1 9.2
Operating Expenses 739 7,659 2,632 2,493 2,346 2,008 2,218 2,143 1,745 1,531 1,396.2 1,291.5 994.0 869.0 752.0 721.9 702.0 695.4 776.9 393.8 400.6 400.4 397.4 435.1 493.8 410.4 229.2 83.3 21.7
Operating Income
Operating Income 2,079 (2,938) 2,369 2,425 2,001 1,863 1,559 1,383 967 949 946.2 940.7 880.7 834.7 692.3 575.4 434.0 292.5 99.5 121.4 24.2 (27.2) (66.4) (127.9) (62.1) 5.2 9.8 (0.1) (3.4)
Interest Expense 959 900 821 673 632 0 683 642 590.7 515.0 0 573.3 589.6 601.0 507.6 490.3 445.9 329.3 0 0 0 0 0 0 0 0 0 0 0
Interest Income 13 19 15 3 1 2 6 5 19 1 1.9 0.3 1.0 4.6 0.7 2.2 5.4 2.1 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,767 (1,241) 4,103 4,071 3,455 3,350 3,115 2,788 2,203 1,977 1,995.2 1,810.3 1,489.4 1,236.4 1,153.5 623.4 785.1 727.3 690.1 425.2 315.1 271.0 288.1 252.8 377.6 325.0 189.8 55 5.8
EBIT 2,078 (2,979) 2,349 2,364 1,811 1,742 1,543 1,261 962 868 959.0 824.5 748.1 613.8 600.5 82.6 255.4 200.9 128.1 131.3 26.8 (23.5) (65.1) (119.3) (42.7) 5.2 9.8 (0.1) (3.4)
Income Before Tax 1,119 (3,879) 1,528 1,691 1,179 1,076 881 641 392 374 473.8 335.1 251.0 100.8 179.8 (338.1) (190.5) (153.2) (317.0) (48.4) (392.0) (307.0) (453.0) (336.9) (351.0) (203.0) (94) (37.4) 0
Income Tax Expense 16 24 26 16 21 20 21 19 26 17 (51.5) (11.2) 191 (100.1) 8.3 (26.8) (76.4) (104.4) (94.0) (0.8) 3.2 (5.4) 7.5 12.3 16.5 0.2 0.3 0.4 8.5
Net Income 444 (3,903) 1,502 1,675 1,096 1,056 860 622 366 357.0 478.0 294.1 44.8 188.6 171.1 (310.9) (114.3) (48.9) (222.8) (41.9) (401.5) 235.1 (398.4) (272.5) (366.2) (204.8) (96.7) (37.8) (11.9)
Per Share Data
EPS (Basic) 1.02 -8.98 3.46 3.87 2.54 2.36 1.80 1.23 0.81 0.95 1.44 0.88 0.15 0.64 0.52 -1.08 -0.40 -0.17 -0.80 -0.20 -1.84 0.88 -1.84 -1.25 -1.71 -1.15 -0.74 -0.89 -1.92
EPS (Diluted) 1.02 -8.98 3.46 3.86 2.53 2.35 1.79 1.23 0.80 0.95 1.43 0.88 0.15 0.64 0.52 -1.08 -0.40 -0.17 -0.80 -0.20 -1.84 0.88 -1.84 -1.25 -1.71 -1.15 -0.74 -0.89 -1.92
Shares Outstanding 435 434 434 433 432 423 416 413 381.7 340.3 333.0 332.3 298.1 289.3 283.8 286.8 286.6 282.0 279.9 207.2 217.8 221.7 216.9 218.0 214.2 178.6 131.5 42.5 6.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 269 119 105 156 292 232 196 277 314 567.6 766.1 155.2 567.1 462.4 516.2 804.6 453.8 549.3 296.5 55.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115.7 73.0 38 0 0 0
Net Receivables 339 654 597 720 635 431 596 501 398 373.5 44.4 67.3 34.8 38.2 135.9 190.9 173.1 78.6 36.4 10.1
Inventory 0 0 0 0 0 0 0 0 0 0 371.5 250.5 6.4 15.5 45.6 102.8 78.6 19.2 6.6 1.3
Other Current Assets 536 211 227 239 222 346 305 279 260 254.9 316.9 188.4 (2.7) 2,054.8 0 0 28.5 14.9 2.6 0.7
Total Current Assets 1,144 1,090 1,032 1,217 1,254 1,104 1,204 1,229 1,134 1,324.8 1,196.0 485.2 637.3 641.8 867.1 1,216.1 772.1 662 342.1 67.2
Non-Current Assets
Property, Plant & Equipment 11,746 21,292 21,853 21,933 21,951 21,626 20,799 13,653 12,933 9,805.3 4,896.0 5,060.1 3,369.6 4,741.9 4,828.0 4,844.9 4,303.0 2,468.1 592.6 82
Goodwill 5,127 5,127 10,085 10,085 10,078 10,078 10,078 10,078 10,021 5,757.7 1,984.8 1,984.0 0 0 0 0 0 0 0 0
Intangible Assets 861 2,781 3,179 3,596 4,046 4,433 4,836 5,516 5,962 3,650.1 2,405.4 2,551.3 333.7 1,206.7 1,067.0 1,051.4 1,112.9 596.1 569.7 152.5
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 4.2 0 0 0 0 0 0 0 0
Other Non-Current Assets 12,640 2,446 2,378 2,090 1,711 1,527 1,540 2,286 2,179 2,137.3 5 248.6 230.9 147.2 130.4 263.1 251.8 110.5 18.8 69.7
Total Non-Current Assets 30,374 31,646 37,495 37,704 37,786 37,664 37,253 31,533 31,095 21,350.3 9,760.6 9,876.6 3,934.2 6,095.8 6,025.5 6,159.4 5,667.7 3,174.7 1,181.1 304.2
Total Assets 31,518 32,736 38,527 38,921 39,040 38,768 38,457 32,762 32,229 22,675.1 10,956.6 10,361.7 4,571.5 6,737.6 6,892.6 7,375.5 6,439.8 3,836.7 1,523.2 371.4
Current Liabilities
Account Payables 71 192 252 236 246 230 334 313 249 188.5 33.1 33.8 12.2 9.8 63.9 104.1 100.8 46 46 7.8
Short-Term Debt 2,783 610 835 819 72 129 100 107 115 101.7 217.2 466.2 97.2 267.1 14.2 29.1 0 0 0 0
Deferred Revenue 0 476 605 736 776 704 657 498 457.1 353.0 179.6 174.2 116.7 267.5 208.2 0 0 0 0 0
Other Current Liabilities 954 0 0 0 0 0 0 660 457 0 0 0 0.6 197.8 0 278.2 224.1 85.3 46.9 4.2
Total Current Liabilities 4,479 2,177 2,585 2,731 2,026 1,969 1,920 1,506 1,292 961.4 754.1 834.4 285.1 643.5 360.8 411.5 324.9 131.3 92.9 12
Non-Current Liabilities
Long-Term Debt 21,554 23,471 22,086 20,910 20,557 19,151 18,021 16,575 16,044 12,069.4 6,362.0 5,630.5 1,753.1 3,182.8 3,212.7 3,394.0 2,602.7 1,542.3 429.7 156.3
Deferred Tax Liabilities 0 31 26 18 14 11 8 7 5 8.1 74.1 40.4 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2,159 598 578 595 586 661 694 1,485 1,472 1,095.9 830.3 1,135.1 654.8 659.1 939.2 1,036.4 936.1 67.2 22.7 0.6
Total Non-Current Liabilities 28,674 30,692 29,561 28,741 28,756 27,338 26,048 19,685 18,598 14,156.6 7,266.4 6,811.5 2,422.4 3,901.3 4,152.0 4,430.4 2,696.0 1,609.5 452.4 156.9
Total Liabilities 33,153 32,869 32,146 31,472 30,782 29,307 27,968 21,191 19,890 15,118.0 8,020.5 7,645.9 2,707.4 4,544.8 4,512.7 4,841.9 3,020.9 1,740.8 545.3 168.9
Stockholders' Equity
Common Stock 4 4 4 4 4 4 4 4 4.1 3.6 2.9 2.9 2.2 2.2 2.2 2.2 2.0 1.6 0 0
Retained Earnings (20,161) (18,525) (11,889) (10,666) (9,753) (8,472) (7,356) (5,732) (4,504.6) (3,378.8) (2,628.3) (2,493.2) (1,599.9) (1,600.5) (1,148.2) (895.3) (450.1) (185.9) (60.2) (17)
Accumulated Other Comprehensive Income (5) (5) (4) (5) (4) (4) (5) (5) (4.0) (5.9) (124.2) (408.3) 44.6 249.3 39.3 (43.2) (25.1) (3) (22.8) (4.9)
Total Stockholders' Equity (1,635) (133) 6,381 7,449 8,258 9,461 10,489 11,571 12,339 7,557.1 2,936.2 2,715.9 1,849.5 1,794.4 2,208.5 2,364.6 2,420.9 2,040.6 938.7 202.5
Total Liabilities & Equity 31,518 32,736 38,527 38,921 39,040 38,768 38,457 32,762 32,229 22,675.1 10,956.6 10,361.7 4,574.6 6,612.2 6,892.6 7,375.5 6,401.9 3,836.7 1,523.2 371.4
Debt Metrics
Total Debt 29,566 29,613 28,814 27,960 27,009 25,417 23,931 16,682 16,159.6 12,171.1 6,579.1 6,096.7 1,850.4 3,450.0 3,227.0 3,423.1 2,602.7 1,542.3 429.7 156.3
Net Debt 29,297 29,494 28,709 27,804 26,717 25,185 23,735 16,405 15,845.6 11,603.5 5,813.0 5,941.5 1,283.2 2,987.6 2,710.8 2,618.5 2,148.9 993 133.2 101.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 444 (3,903) 1,502 1,675 1,158 1,056 860 671 444.6 357.0 (401.5) 235.1 (398.4) (272.5) (366.2) (203.3) (94.3) (37.8) (11.9)
Depreciation & Amortization 690 1,738 1,754 1,707 1,644 1,608 1,572 1,528 1,242.4 1,108.6 287.9 293.5 397.6 396.5 420.2 319.8 180 55.1 9.2
Stock-Based Compensation 73 131 157 156 129 138 117 103 91.6 79.3 26.4 15.9 20.7 0 0 0 0 0 0
Change in Working Capital (33) (200) (371) (747) (346) 70 127 57 221.8 122.7 (4.9) 18.5 73.7 76.3 48.1 45.1 2 15.2 1.1
Other Non-Cash Items 1,883 5,173 76 84 136 180 20 141 28.9 106.1 327.1 (435.0) 187.2 8.6 29.7 3.8 4.9 12.5 1
Operating Cash Flow 3,057 2,943 3,126 2,878 2,727 3,055 2,698 2,502 2,044.2 1,782.3 208.5 112.1 260.0 208.9 131.9 165.5 92.6 45 (0.6)
Investing Activities
Capital Expenditure (182) (1,222) (1,424) (1,310) (1,229) (1,624) (2,057) (1,741) (1,228.1) (873.9) (64.7) (43.3) (118.9) (277.3) (683.1) (636.5) (1,502.3) (149.2) (52)
Acquisitions 0 (8) (96) (35) (111) (107) (17) (42) (9,260.1) (556.9) (147.3) (295) (5.9) (4.4) (155.7) (1,143.7) 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 113.2 (0.1) (490.9) (56.1) (194.7) (337.5) (175) 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 3.8 8.1 2.8 517.5 171.8 280.5 311 0 0 0 0
Other Investing Activities (976) 10 1 (7) 8 (10) (7) (12) (5.8) 12.4 (55.0) (7.9) 0.2 19.0 (29.9) (2.5) (6.8) 0 (59.5)
Investing Cash Flow (1,158) (1,220) (1,519) (1,352) (1,332) (1,741) (2,081) (1,795) (10,494.0) (1,297.1) (264.2) (319.6) (8.9) (176.9) (895.1) (1,957.7) (1,509.1) (149.2) (111.5)
Financing Activities
Net Debt Issuance 217 1,066 1,099 1,016 1,175 1,033 1,401 386 3,954 (106.1) 134.4 (1,658.7) 436.4 (192.8) 746.8 1,011.0 894.2 9.2 22.1
Stock Repurchased (23) (33) (30) (65) (70) (76) (44) (34) (23.3) (24.9) (514.9) (59.4) (343.7) (94.5) 0 0 0 (0.9) (2.1)
Dividends Paid (2,080) (2,729) (2,723) (2,602) (2,373) (2,190) (2,025) (1,895) (1,538.6) (1,283.1) (21.6) (9.5) (73.4) 0 0 0 (1.2) 0 0
Other Financing Activities 0 (12) 0 (14) (42) (38) (24) 810 5,800 1,318.0 (102.1) (0.4) (340.8) 0 (12.2) (47.2) (28.4) (3) (0.1)
Financing Cash Flow (1,886) (1,708) (1,654) (1,665) (1,310) (1,271) (692) (733) 8,195.2 (96.3) (445.2) (1,686.4) (313.7) (335.1) 1,109.3 1,707.1 1,670.4 345.2 159.8
Cash Position
Net Change in Cash (21) 14 (46) (139) 85 43 (75) (27) (253.5) 388.8 (501.3) (1,892.8) (53.7) (288.4) 350.8 (95.5) 252.8 241.4 47.7
Cash at Beginning 290 281 327 466 381 338 413 440 567.6 178.8 566.7 2,459.9 516.2 804.6 453.8 549.3 296.5 55.1 7.3
Cash at End 269 295 281 327 466 381 338 413 314.1 567.6 65.4 567.1 462.4 516.2 804.6 453.8 549.3 296.5 55
Free Cash Flow 2,875 1,721 1,702 1,568 1,498 1,431 641 761 816.1 908.4 143.9 68.7 141.1 (68.3) (551.2) (471.0) (1,409.7) (104.2) (52.6)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 4,265 6,568 6,981 6,986 6,340 5,840 5,763 5,370 4,255 3,921 3,663.9 3,538.8 2,865.8 2,432.7 2,032.7 1,878.7 1,685.4 1,526.5 1,385.5 788.2 676.8 604.2 557.2 605.4 899.0 649.2 345.8 113.1 31.4
Gross Profit 2,818 4,721 5,001 4,918 4,347 3,871 3,777 3,526 2,712 2,480 2,342.4 2,232.2 1,874.7 1,703.7 1,444.3 1,297.3 1,136.0 987.9 876.4 515.3 424.8 373.2 331.0 307.2 431.7 415.6 239 83.2 18.3
Operating Income 2,079 (2,938) 2,369 2,425 2,001 1,863 1,559 1,383 967 949 946.2 940.7 880.7 834.7 692.3 575.4 434.0 292.5 99.5 121.4 24.2 (27.2) (66.4) (127.9) (62.1) 5.2 9.8 (0.1) (3.4)
Net Income 444 (3,903) 1,502 1,675 1,096 1,056 860 622 366 357.0 478.0 294.1 44.8 188.6 171.1 (310.9) (114.3) (48.9) (222.8) (41.9) (401.5) 235.1 (398.4) (272.5) (366.2) (204.8) (96.7) (37.8) (11.9)
EPS (Diluted) 1.02 -8.98 3.46 3.86 2.53 2.35 1.79 1.23 0.80 0.95 1.43 0.88 0.15 0.64 0.52 -1.08 -0.40 -0.17 -0.80 -0.20 -1.84 0.88 -1.84 -1.25 -1.71 -1.15 -0.74 -0.89 -1.92
Balance Sheet
Cash & Equivalents 269 119 105 156 292 232 196 277 314 567.6 766.1 155.2 567.1 462.4 516.2 804.6 453.8 549.3 296.5 55.1
Total Assets 31,518 32,736 38,527 38,921 39,040 38,768 38,457 32,762 32,229 22,675.1 10,956.6 10,361.7 4,571.5 6,737.6 6,892.6 7,375.5 6,439.8 3,836.7 1,523.2 371.4
Total Debt 29,566 29,613 28,814 27,960 27,009 25,417 23,931 16,682 16,159.6 12,171.1 6,579.1 6,096.7 1,850.4 3,450.0 3,227.0 3,423.1 2,602.7 1,542.3 429.7 156.3
Stockholders' Equity (1,635) (133) 6,381 7,449 8,258 9,461 10,489 11,571 12,339 7,557.1 2,936.2 2,715.9 1,849.5 1,794.4 2,208.5 2,364.6 2,420.9 2,040.6 938.7 202.5
Cash Flow
Operating Cash Flow 3,057 2,943 3,126 2,878 2,727 3,055 2,698 2,502 2,044.2 1,782.3 208.5 112.1 260.0 208.9 131.9 165.5 92.6 45 (0.6)
Capital Expenditure (182) (1,222) (1,424) (1,310) (1,229) (1,624) (2,057) (1,741) (1,228.1) (873.9) (64.7) (43.3) (118.9) (277.3) (683.1) (636.5) (1,502.3) (149.2) (52)
Free Cash Flow 2,875 1,721 1,702 1,568 1,498 1,431 641 761 816.1 908.4 143.9 68.7 141.1 (68.3) (551.2) (471.0) (1,409.7) (104.2) (52.6)