Crown Castle financials
$67.07−0.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.26B | $4.46B | $4.73B | $6.99B | $6.34B | $5.84B | $5.76B | $5.37B | $4.25B | $3.92B |
| Gross profit | $3.16B | $3.37B | $3.47B | $4.92B | $4.35B | $3.87B | $3.78B | $3.53B | $2.71B | $2.48B |
| Gross margin | 74.1% | 75.6% | 73.3% | 70.4% | 68.6% | 66.3% | 65.5% | 65.7% | 63.7% | 63.2% |
| Operating income | $2.08B | $2.12B | $2.10B | $2.42B | $2.00B | $1.50B | $1.56B | $1.38B | $967.0M | $949.0M |
| Net income | $444.0M | -$3.90B | $1.50B | $1.68B | $1.10B | $999.0M | $747.0M | $509.0M | $308.0M | $324.0M |
| Net margin | 10.4% | −87.5% | 31.7% | 24.0% | 17.3% | 17.1% | 13.0% | 9.5% | 7.2% | 8.3% |
| Diluted EPS | $1.01 | $-8.98 | $3.46 | $3.86 | $2.53 | $2.35 | $1.79 | $1.23 | $0.80 | $0.95 |
| EBITDA | $2.78B | $2.94B | $2.97B | $4.17B | $3.67B | $3.19B | $3.16B | $2.96B | $2.29B | $2.11B |
| Operating cash flow | $3.06B | $2.94B | $3.13B | $2.88B | $2.79B | $3.06B | $2.70B | $2.50B | $2.03B | $1.79B |
| Free cash flow | $2.88B | $2.77B | $2.88B | $1.57B | $1.56B | $1.43B | $641.0M | $761.0M | $815.0M | $913.0M |
| Diluted shares | 437.0M | 434.0M | 434.0M | 434.0M | 434.0M | 425.0M | 418.0M | 415.0M | 383.0M | 341.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $99.0M | $100.0M | $105.0M | $156.0M | $292.0M | $232.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $24.57B | $24.30B | $23.14B | $21.91B | $20.81B | $19.48B |
| Total assets | $31.52B | $32.74B | $38.53B | $38.92B | $39.04B | $38.77B |
| Total liabilities | $33.15B | $32.87B | $32.15B | $31.47B | $30.78B | $29.31B |
| Shareholders' equity | -$1.64B | -$133.0M | $6.38B | $7.45B | $8.26B | $9.46B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology