Crown Castle Inc. (CCI)

Name: Crown Castle Inc. (CCI): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Crown Castle Inc. (CCI) reported revenue of $1.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 4.9% on the same quarter a year earlier. Net income was $94 million, down 67.7% on the year, and diluted earnings per share $0.22. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.0 billiondown 4.9%

Net income$94 milliondown 67.7%

Diluted EPS$0.22

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a

ROCEn/a

Operating marginn/a

Net marginn/a

FCF marginn/a

Interest covern/a

Debt to equityn/a

Cash conversionn/a

Share count, 1 year-2.1%

Sales CAGR, 3 years-15.2%

Profit CAGR, 3 years-35.8%

EPS, TTMn/a

At the close of 21 September 2026

Price$73.22

Market cap$31.2 billion

Stock P/En/a

Price to bookn/a

EV / EBITDAn/a

Dividend yield5.8%

Market cap / salesn/a

52-week high$98.87

52-week low$73.06

Price, 1 year-21.8%

Price CAGR, 3 years-7.3%

Price CAGR, 5 years-17.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Crown Castle Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Show

50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CCI

Filings	21 in twelve months: 13 current reports (8-K), about 10 regulation fd disclosure; 6 results of operations; 3 officer or director change; 1 shareholder vote; 1 material agreement
Planned insider sales	5 Form 144 notices in twelve months, $4.6 million; latest 26 May 2026
Options tape	put/call 0.74 by open interest on 23 September 2026; the straddle prices a 6.4% move to 16 October 2026
Holders	9 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading	6 sales and 1 purchase on Form 4 in twelve months
Congress	5 House trades disclosed in six months
Short interest	9.7 million shares short, 4.24 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,667	1,674	1,641	1,626	1,652	1,649	1,061	1,060	1,072	n/a	1,010	1,008
Cost of revenue	66.0	48.0	34.0	27.0	30.0	28.0	28.0	27.0	30.0	n/a	26.0	19.0
Gross profit	1,601	1,626	1,607	1,599	1,622	1,621	1,033	1,033	1,042	n/a	984	989
Gross margin	96%	97%	98%	98%	98%	98%	97%	97%	97%	n/a	97%	98%
SG&A	176	178	183	204	153	166	93.0	99.0	97.0	n/a	90.0	97.0
Operating income	486	588	538	485	544	-4,505	521	506	525	n/a	465	470
Operating margin	29%	35%	33%	30%	33%	-273%	49%	48%	49%	n/a	46%	47%
Interest expense	217	223	226	230	236	-1,624	236	243	247	n/a	242	208
Pre-tax income	272	99.0	318	258	308	296	289	269	281	n/a	225	303
Tax rate	3%	5%	2%	3%	2%	2%	2%	1%	1%	n/a	2%	1%
Net income	265	364	311	251	303	-4,768	-464	291	323	n/a	151	94.0
Net margin	16%	22%	19%	15%	18%	-289%	-44%	27%	30%	n/a	15%	9%
Diluted EPS	$0.61	$0.83	$0.71	$0.58	$0.70	-$10.97	-$1.07	$0.67	$0.74	n/a	$0.34	$0.22
Operating cash flow	533	868	599	768	699	877	641	832	714	n/a	509	531
Capital expenditure	347	357	320	329	297	276	40.0	40.0	43.0	n/a	57.0	59.0
Free cash flow	186	511	279	439	402	601	601	792	671	n/a	452	472
Buybacks	0.0	1.0	27.0	3.0	2.0	-65.0	21.0	2.0	0.0	n/a	25.0	992
Dividends paid	680	679	688	680	681	-4,778	690	463	462	n/a	473	459
Shares outstanding	434m	434m	435m	435m	435m	435m	435m	435m	435m	435m	436m	426m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024 †	FY2025	TTM
Revenue	3,539	3,664	3,921	4,255	5,370	5,763	5,840	6,340	6,986	4,734	4,460	4,264	n/a
Cost of revenue	400	358	417	399	434	524	1,927	1,953	2,024	1,935	1,806	113	n/a
Gross profit	3,284	3,306	3,504	3,936	4,986	5,239	3,913	4,387	4,962	5,046	4,762	4,151	n/a
Gross margin	92.8%	90.2%	89.4%	92.5%	92.8%	90.9%	67.0%	69.2%	71.0%	106.6%	106.8%	97.3%	n/a
Selling, general and administrative	257	311	371	427	563	614	678	680	750	502	435	383	n/a
Operating income	941	946	949	967	1,383	1,559	1,863	2,001	2,425	2,097	2,118	2,075	n/a
Operating margin	26.6%	25.8%	24.2%	22.7%	25.8%	27.1%	31.9%	31.6%	34.7%	44.3%	47.5%	48.7%	n/a
Interest expense	63.1	18.7	0.0	0.0	642	683	689	657	-699	850	932	972	n/a
Pre-tax income	335	474	374	392	641	881	1,076	1,179	1,691	1,258	1,180	1,119	n/a
Income tax	-11.2	-51.5	-17.0	-26.0	-19.0	-21.0	20.0	21.0	16.0	21.0	18.0	16.0	n/a
Effective tax rate	-3.4%	-10.9%	-4.5%	-6.6%	-3.0%	-2.4%	1.9%	1.8%	0.9%	1.7%	1.5%	1.4%	n/a
Net income	391	1,521	357	445	509	747	999	1,096	1,675	1,502	-3,903	444	n/a
Net margin	11.0%	41.5%	9.1%	10.4%	9.5%	13.0%	17.1%	17.3%	24.0%	31.7%	-87.5%	10.4%	n/a
Diluted EPS	$1.04	$4.42	$0.95	$1.01	$1.34	$1.79	$2.35	$2.53	$3.86	$3.46	-$8.98	$1.01	n/a
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024 †	FY2025	TTM
Operating cash flow	1,600	1,794	1,787	2,032	2,502	2,698	3,055	2,789	2,878	3,126	2,943	3,057	n/a
Capital expenditure	759	909	874	1,228	1,741	2,057	1,624	1,229	1,310	243	176	182	n/a
Free cash flow	842	885	913	804	761	641	1,431	1,560	1,568	2,883	2,767	2,875	n/a
Free cash flow margin	23.8%	24.2%	23.3%	18.9%	14.2%	11.1%	24.5%	24.6%	22.4%	60.9%	62.0%	67.4%	n/a
Depreciation and amortisation	986	1,036	1,109	1,242	1,528	1,572	1,608	1,644	1,707	787	736	690	n/a
Share-based compensation	51.5	60.8	79.0	92.0	103	117	138	129	156	102	84.0	73.0	n/a
Buybacks	21.9	29.7	25.0	-23.0	34.0	44.0	76.0	70.0	-65.0	-30.0	-33.0	-23.0	n/a
Dividends paid	624	1,116	1,239	-1,509	1,782	1,912	2,105	2,373	-2,602	-2,723	-2,729	-2,080	n/a
Dividend per share	$1.87	$3.35	$3.61	$3.90	$4.28	$4.58	$4.93	$5.46	$5.98	$6.26	$6.26	$4.75	$4.25
Diluted shares, weighted	333m	334m	341m	383m	415m	418m	425m	434m	434m	434m	434m	437m	434m
Shares outstanding at period end	334m	334m	361m	406m	415m	416m	431m	432m	433m	434m	435m	435m	426m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024 †	FY2025	TTM
Total assets	21,143	21,937	22,675	32,230	32,785	38,457	38,768	39,040	38,921	38,527	32,736	31,518	21,512
Cash and equivalents	151	179	568	314	277	196	232	292	156	105	100	99.0	1,042
Receivables	313	313	374	398	501	596	431	543	593	481	129	172	179
Goodwill	5,196	5,514	5,758	10,021	10,078	10,078	10,078	10,078	10,085	10,085	5,127	5,127	5,127
Long-term debt	11,921	12,249	12,171	16,160	16,682	18,121	19,280	20,629	21,729	22,921	24,081	24,337	n/a
Long-term debt including finance leases	11,808	12,044	12,069	16,044	16,575	18,021	19,151	20,557	20,910	22,086	23,471	21,554	15,979
Borrowings, as the company tags them	11,921	12,253	12,262	16,262	16,791	18,235	19,423	20,797	21,881	23,092	24,239	24,467	18,353
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	5,511	5,808	6,031	5,881	5,561	5,062	4,961	4,907
Shareholders' equity	6,716	7,089	7,222	11,925	11,571	10,489	9,461	8,258	7,449	6,381	-133	-1,635	-3,270
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	1.5%	-6.1%	-15.2%	n/a
Profit growth, compounded	-11.6%	-15.0%	-35.8%	n/a
Return on equity, average	n/a	n/a	n/a	n/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Real Estate Investment Trusts

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Welltower Inc. WELL	$164.0 billion	115.80	3.2%	-2.8%	37.6%	0.41	1.2%
Prologis, Inc. PLD	$126.6 billion	34.21	6.9%	52.4%	6.7%	0.65	0.0%
Equinix Inc. EQIX	$104.3 billion	68.03	10.7%	21.8%	9.6%	1.38	1.9%
American Tower Corp. AMT	$81.4 billion	23.98	91.4%	44.8%	6.6%	8.59	3.9%
Simon Property Group Inc. SPG	$66.4 billion	14.46	104.1%	47.4%	15.0%	6.47	4.2%
Digital Realty Trust, Inc. DLR	$65.0 billion	49.42	5.9%	11.5%	12.6%	0.92	n/a
Realty Income Corp. O	$53.6 billion	41.35	3.2%	20.1%	10.9%	0.63	5.7%
Public Storage PSA	$52.1 billion	28.34	22.2%	39.0%	3.0%	1.11	4.0%
Ventas, Inc. VTR	$44.6 billion	161.17	1.8%	3.3%	21.5%	0.87	2.2%
Iron Mountain Inc. IRM	$34.8 billion	82.90	n/a	18.8%	17.4%	n/a	2.9%
Crown Castle Inc. CCI	$31.2 billion	n/a	n/a	n/a	n/a	n/a	5.8%
Extra Space Storage Inc. EXR	$29.0 billion	30.41	7.2%	40.9%	4.2%	1.88	4.7%
Vici Properties Inc. VICI	$26.5 billion	9.32	9.5%	n/a	4.4%	0.58	7.5%
Vivmark Residential VMRK	$22.8 billion	19.48	11.2%	57.7%	4.3%	0.58	3.5%
SBA Communications Corp. SBAC	$18.7 billion	19.00	n/a	47.6%	5.4%	n/a	n/a
Essex Property Trust, Inc. ESS	$17.4 billion	42.27	7.8%	32.5%	4.7%	1.20	3.8%
Host Hotels & Resorts, Inc. HST	$15.3 billion	14.87	16.1%	14.6%	4.9%	0.19	4.3%
Weyerhaeuser Co. WY	$15.1 billion	31.36	5.0%	12.3%	-2.6%	0.56	4.0%
Kimco Realty Corp. KIM	$15.1 billion	25.01	5.9%	36.0%	4.4%	0.81	4.5%
Healthpeak Properties, Inc. DOC	$14.3 billion	59.20	3.1%	5.1%	5.5%	1.28	5.9%
MID America Apartment Communities Inc. MAA	$13.8 billion	36.02	7.0%	62.0%	0.8%	1.02	5.1%
Regency Centers Corp. REG	$13.4 billion	n/a	7.9%	72.3%	7.8%	0.73	3.9%
Udr, Inc. UDR	$11.0 billion	23.05	14.9%	38.5%	2.1%	1.72	5.1%
Bxp, Inc. BXP	$10.2 billion	34.48	5.8%	28.3%	1.9%	0.57	4.8%
Camden Property Trust CPT	$9.9 billion	32.72	8.6%	n/a	56.8%	1.28	4.3%
Federal Realty Investment Trust FRT	$9.6 billion	19.17	15.3%	53.6%	7.4%	0.41	4.0%
Alexandria Real Estate Equities, Inc. ARE	$9.3 billion	n/a	-6.6%	-69.8%	-8.4%	0.82	8.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	5 August 2026	EDGAR
10-Q	31 March 2026	7 May 2026	EDGAR
10-K	31 December 2025	23 February 2026	EDGAR
10-Q	30 September 2025	6 November 2025	EDGAR
10-Q	30 June 2025	6 August 2025	EDGAR
10-Q	31 March 2025	9 May 2025	EDGAR
10-K	31 December 2024	14 March 2025	EDGAR
10-Q	30 September 2024	30 October 2024	EDGAR
10-Q	30 June 2024	30 July 2024	EDGAR
10-Q	31 March 2024	1 May 2024	EDGAR

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