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Crown Castle Inc.
CCIReal EstateGenerated Jul 5, 2026, 08:09 PM UTC
CCI (Crown Castle Inc.) analytical snapshot. Revenue declined +32.2% YoY to $4.73B. Net margin at 31.73% (expanding ▲). Gross margin 0.00%, operating margin 44.30%. Market cap $33.43B at $76.60 per share. Trailing P/E 22.14, P/S 7.06, P/B 4.72. EV/Operating income ≈ 27.52 (EV $57.71B). Risk: High. Macro: Risk-on · Supportive. Composite analytical score -18 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$33.43B
436.45M shares
Price
$76.60
NYQ
P/E (ttm)
22.14
Revenue (FY)
$4.73B
YoY -32.2%
Net margin
31.73%
▲ 31.73pp
Free cash flow
$2.88B
60.90% margin
Risk level
High
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -45Deteriorating
80% conf
Revenue declined +32.2% YoY to $4.73B. Net margin at 31.73% (expanding ▲). Gross margin 0.00%, operating margin 44.30%.
- Revenue declined +32.2% YoY to $4.73B.
- Net margin at 31.73% (expanding ▲).
- Gross margin 0.00%, operating margin 44.30%.
- Free cash flow margin 60.90% ($2.88B).
- Debt/equity 3.43, current ratio 0.27, net debt $24.28B.
- Asset turnover 0.15 — capital efficiency.
Revenue (FY)
$4.73B
YoY -32.2%
Net margin
31.73%
▲ 31.73pp
ROE
—
ROA 4.59%
ROIC
8.62%
EPS (diluted)
$3.46
FY2025
Free cash flow
$2.88B
60.90% margin
Debt / equity
3.43
Cash $55.0M
Current ratio
0.27
Equity $7.09B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | $841.7M | — |
| 2017 | — | — | — | — | — | $885.1M | — |
| 2018 | $3.92B | — | 0.00 | 24.20 | 3.03 | $913.0M | — |
| 2019 | $4.25B | +8.5% | 0.00 | 22.73 | 4.89 | $815.0M | — |
| 2020 | $5.37B | +26.2% | 0.00 | 25.75 | 0.00 | $761.0M | — |
| 2021 | $5.76B | +7.3% | 0.00 | 27.05 | 0.00 | $641.0M | — |
| 2022 | $5.84B | +1.3% | 0.00 | 31.90 | 0.00 | $1.43B | — |
| 2023 | $6.34B | +8.6% | 0.00 | 31.56 | 0.00 | $1.56B | — |
| 2024 | $6.99B | +10.2% | 0.00 | 34.71 | 0.00 | $1.57B | — |
| 2025 | $4.73B | -32.2% | 0.00 | 44.30 | 31.73 | $2.88B | — |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $1.06B | -35.3% | — | -43.73% |
| Jun 30, 2025 | $2.12B | -35.1% | +99.9% | -8.16% |
| Jun 30, 2025 | $1.06B | -67.6% | -50.0% | -16.32% |
| Sep 30, 2025 | $3.19B | -35.1% | +201.2% | 4.70% |
| Sep 30, 2025 | $1.07B | -78.2% | -66.4% | 13.99% |
| Mar 31, 2026 | $1.01B | -4.8% | -5.8% | 14.95% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 3,921
2019: 4,255
2020: 5,370
2021: 5,763
2022: 5,840
2023: 6,340
2024: 6,986
2025: 4,734
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 842
2017: 885
2018: 913
2019: 815
2020: 761
2021: 641
2022: 1,431
2023: 1,560
2024: 1,568
2025: 2,883
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 23, 2026. Latest quarterly report (10-Q) filed May 7, 2026. 26 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 23, 2026.
- Latest quarterly report (10-Q) filed May 7, 2026.
- 26 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Crown Castle Inc.; broad institutional reporting.
- Recent filers include DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ), DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ), DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ).
- 6 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 23, 2026
Annual report
Latest 10-Q
May 7, 2026
8-K (recent)
26
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ) | 13F-HR | Nov 14, 2022 |
| DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ) | 13F-HR | Feb 9, 2024 |
| DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ) | 13F-HR | May 15, 2025 |
| DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ) | 13F-HR | Aug 9, 2023 |
| DigitalBridge Group, Inc. (DBRG, DBRG-PH, DBRG-PI, DBRG-PJ) | 13F-HR | May 3, 2023 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| May 20, 2026 | 8-K | 8-K |
| May 20, 2026 | 8-K | 8-K |
| May 1, 2026 | 8-K | 8-K |
| May 1, 2026 | 8-K | 8-K |
| Apr 22, 2026 | 8-K | 8-K |
| Feb 25, 2026 | 8-K | 8-K |
| Feb 4, 2026 | 8-K | 8-K |
| Jan 12, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -50Deteriorating
66% conf
3 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 29 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 8 filing(s).
- Operating cash flow exceeds net income: OCF is 2.08x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Restatement of financial statements, Impairment charge, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$4.73B
-32.2% YoY
Operating income
$2.10B
-13.5% YoY
Net income
$1.50B
+622.1% YoY
Operating cash flow
$3.13B
+8.6% YoY
Capex
$243.0M
-81.5% YoY
Total assets
$32.74B
-15.9% YoY
Total liabilities
$32.87B
+2.2% YoY
Long-term debt
$24.34B
+1.1% YoY
Filing quality score
78/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $6.99B | $4.73B | $-2.25B | -32.2% |
| Operating income | $2.42B | $2.10B | $-328.0M | -13.5% |
| Net income | $208.0M | $1.50B | $1.29B | +622.1% |
| Operating cash flow | $2.88B | $3.13B | $248.0M | +8.6% |
| Capex | $1.31B | $243.0M | $-1.07B | -81.5% |
| Total assets | $38.92B | $32.74B | $-6.18B | -15.9% |
| Total liabilities | $32.15B | $32.87B | $723.0M | +2.2% |
| Long-term debt | $24.08B | $24.34B | $256.0M | +1.1% |
| Cash & equivalents | $156.0M | $100.0M | $-56.0M | -35.9% |
| Stockholders equity | $6.93B | $6.72B | $-210.5M | -3.0% |
| Accounts receivable | $481.0M | $129.0M | $-352.0M | -73.2% |
| SG&A expense | $750.0M | $502.0M | $-248.0M | -33.1% |
| Interest expense | $63.1M | $18.7M | $-44.4M | -70.3% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | DepreciationAndAmortizationDiscontinuedOperations, LineOfCreditFacilityRemainingBorrowingCapacity, RepaymentsOfCommercialPaper, RepaymentsOfUnsecuredDebt |
| Removed | AllocatedShareBasedCompensationExpense, AmortizationOfIntangibleAssets, AssetRetirementObligationAccretionExpense, AssetRetirementObligationLiabilitiesSettled, AssetRetirementObligationPeriodIncreaseDecrease, BusinessCombinationConsiderationTransferred1, CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, CommonStockSharesIssued, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 3 | 0 | NEW |
| Material weakness in internal controls | high | 29 | 2 | Ongoing |
| Restatement of financial statements | high | 8 | 0 | NEW |
| Impairment charge | medium | 12 | 0 | NEW |
| Restructuring | medium | 114 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 13 | 0 | NEW |
| Related party transactions | low | 27 | 0 | NEW |
Filing signal breakdown
Red flags: 3
Positive: 1
Watch: 2
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $33.43B at $76.60 per share.
- ProPrice & TechnicalsPrice $76.60 — downtrend (below 200-DMA); 1-month momentum negative.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: High.
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3 sections free · 4 Pro sections locked · composite -18
Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Crown Castle Inc. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewMarket cap $33.43B at $76.60 per share..
Risk
High
Macro regime
Risk-on · Supportive
Macro exposure
Neutral
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Rate-sensitive groupHow CCI stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Capital One Financial COF | 23 | Neutral |
| Chubb Ltd. CB | 23 | Neutral |
| U.S. Bancorp USB | 17 | Neutral |
| JPMorgan Chase & Co. JPM | 16 | Neutral |
| Prologis Inc. PLD | 14 | Neutral |
| Simon Property Group SPG | 13 | Neutral |
| American Express Co. AXP | 11 | Neutral |
| Bank of America Corp. BAC | 11 | Neutral |
| Visa Inc. V | 8 | Neutral |
| Mastercard Inc. MA | 8 | Neutral |
| Public Storage PSA | 8 | Neutral |
| Dominion Energy D | 6 | Neutral |
| Charles Schwab Corp. SCHW | 6 | Neutral |
| CME Group Inc. CME | 6 | Neutral |
| PNC Financial Services PNC | 4 | Neutral |
| Realty Income Corp. O | 4 | Neutral |
| Travelers Cos. TRV | 2 | Neutral |
| Duke Energy Corp. DUK | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Equity Residential EQR | 0 | Neutral |
| Wells Fargo & Co. WFC | -1 | Neutral |
| Welltower Inc. WELL | -1 | Neutral |
| Exelon Corp. EXC | -3 | Neutral |
| NextEra Energy NEE | -4 | Neutral |
| Xcel Energy XEL | -5 | Neutral |
| American International Group AIG | -5 | Neutral |
| Truist Financial TFC | -5 | Neutral |
| Digital Realty Trust DLR | -6 | Neutral |
| Allstate Corp. ALL | -7 | Neutral |
| S&P Global SPGI | -8 | Neutral |
| American Water Works AWK | -9 | Neutral |
| Goldman Sachs Group GS | -10 | Neutral |
| Citigroup Inc. C | -11 | Neutral |
| Moody's Corp. MCO | -13 | Neutral |
| Morgan Stanley MS | -13 | Neutral |
| MetLife Inc. MET | -13 | Neutral |
| Southern Company SO | -15 | Neutral |
| BlackRock Inc. BLK | -15 | Neutral |
| Equinix Inc. EQIX | -16 | Neutral |
| American Electric Power AEP | -18 | Neutral |
| Crown Castle Inc. CCI● you | -18 | Neutral |
| American Tower Corp. AMT | -39 | Neutral |