15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $215M | $444M | 47.4% | 965.1% | $2.9B | $24.3B | $99M |
| 2024 | $192M | -$3.9B | 44.3% | 1103.1% | $2.8B | $24.1B | $100M |
| 2023 | $421M | $1.5B | 27.8% | 498.1% | $2.9B | $22.9B | $105M |
| 2022 | $697M | $1.7B | 33.1% | 347.9% | $1.6B | $21.7B | $156M |
| 2021 | $621M | $1.1B | 29.3% | 322.2% | $1.6B | $20.6B | $292M |
| 2020 | $520M | — | 13.8% | 358.3% | $1.4B | $19.3B | $232M |
| 2019 | $670M | — | 21.8% | 232.7% | $641M | $18.1B | $196M |
| 2018 | $574M | — | 24.4% | 240.9% | $761M | $16.7B | $277M |
| 2017 | $521M | $445M | 23.4% | 185.6% | $3.2B | $16.2B | $314M |
| 2016 | $688M | $357M | 39.4% | 137.9% | $913M | $12.2B | $568M |
| 2015 | — | $1.5B | — | — | $885M | $12.2B | $179M |
| 2014 | — | $391M | — | — | $842M | $11.9B | $151M |
| 2013 | — | $90M | — | — | $636M | $11.6B | $223M |
| 2012 | — | $189M | — | — | $331M | $11.6B | $441M |
| 2011 | — | $171M | — | — | $296M | $6.9B | $80M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $49M | $151M | 46.9% | 949.0% | $452M | — | $55M |
| Dec '25 | $53M | $294M | 45.3% | 986.8% | $811M | $24.3B | $99M |
| Sep '25 | $60M | $323M | 50.0% | 875.0% | $671M | — | $57M |
| Jun '25 | $52M | $291M | 48.1% | 973.1% | $792M | — | $94M |
| Mar '25 | $50M | -$464M | 44.0% | 1042.0% | $601M | — | $60M |
| Dec '24 | $49M | -$4.8B | 46.9% | 1163.3% | $825M | $24.1B | $100M |
| Sep '24 | $54M | $303M | 50.0% | 985.2% | $661M | — | $194M |
| Jun '24 | $43M | $251M | 41.9% | 1151.2% | $729M | — | $155M |
| Mar '24 | $46M | $311M | 37.0% | 1130.4% | $552M | — | $125M |
| Dec '23 | $71M | $363M | 32.4% | 828.2% | $511M | $22.9B | $105M |
| Sep '23 | $90M | $265M | 26.7% | 540.0% | $186M | — | $117M |
| Jun '23 | $139M | $455M | 29.5% | 479.9% | $740M | — | $276M |
| Mar '23 | $149M | $418M | 30.2% | 421.5% | $265M | — | $187M |
| Dec '22 | $186M | — | 34.4% | 329.0% | $451M | $21.7B | $156M |
| Sep '22 | $178M | $419M | 33.1% | 338.2% | $364M | — | $174M |
| Jun '22 | $167M | $421M | 32.9% | 355.1% | $476M | — | $281M |
| Mar '22 | $166M | $421M | 31.9% | 372.3% | $277M | — | $312M |
| Dec '21 | $180M | — | 23.3% | 290.6% | $397M | $20.6B | $292M |
| Sep '21 | $167M | — | 31.1% | 315.0% | $401M | — | $357M |
| Jun '21 | $158M | — | 33.5% | 319.6% | $480M | — | $339M |
How the market has priced CCI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Crown Castle's revenue has declined 16.2% per year, and net income declined 20.2% per year. These are computed facts, not advice.
As of FY2025, Crown Castle reported $24.3B of total debt against $99M of cash.
In FY2025, gross margin was 47.4%, operating margin 965.1%, and net margin 206.5%.
As of Jun '26, Crown Castle traded at a price-to-earnings ratio of about 78.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.