Source: Crown Castle's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$688.00M
$521.00M
$574.00M
$670.00M
$520.00M
$621.00M
$697.00M
$421.00M
$192.00M
$215.00M
Cost of revenue
$417.00M
$399.00M
$434.00M
$524.00M
$1.93B
$1.95B
$2.02B
$1.94B
$1.81B
$113.00M
Gross profit
$271.00M
$122.00M
$140.00M
$146.00M
-$1.41B
-$1.33B
-$1.33B
-$1.51B
-$1.61B
$102.00M
Selling, general & admin
$371.00M
$426.00M
$563.00M
$614.00M
$678.00M
$680.00M
$750.00M
$502.00M
$435.00M
$383.00M
Operating income
$949.00M
$967.00M
$1.38B
$1.56B
$1.86B
$2.00B
$2.42B
$2.10B
$2.12B
$2.08B
Interest expense
$0
$0
$642.00M
$683.00M
$689.00M
$657.00M
-$699.00M
$849.00M
$932.00M
$972.00M
Pre-tax income
$374.00M
$392.00M
$641.00M
$881.00M
$1.08B
$1.18B
$1.69B
$1.26B
$1.18B
$1.12B
Income tax
-$17.00M
-$26.00M
-$19.00M
-$21.00M
$20.00M
$21.00M
$16.00M
$21.00M
$18.00M
$16.00M
Net income
$356.97M
$444.55M
$509.00M
$747.00M
$999.00M
$1.10B
$1.68B
$1.50B
-$3.90B
$444.00M
EBITDA
$2.06B
$2.21B
$2.91B
$3.13B
$3.47B
$3.65B
$4.13B
$2.88B
$2.85B
$2.77B
EPS (basic)
$0.95
$0.80
$1.23
$1.80
$2.36
$2.54
$3.87
$3.46
$-8.98
$1.02
EPS (diluted)
$0.95
$0.80
$1.23
$1.79
$2.35
$2.53
$3.86
$3.46
$-8.98
$1.01
Diluted shares
341.00M
383.00M
415.00M
418.00M
425.00M
434.00M
434.00M
434.00M
434.00M
437.00M
Gross margin
39.4%
23.4%
24.4%
21.8%
-270.6%
-214.5%
-190.4%
-359.6%
-840.6%
47.4%
Operating margin
137.9%
185.6%
240.9%
232.7%
358.3%
322.2%
347.9%
498.1%
1103.1%
965.1%
Net margin
51.9%
85.3%
88.7%
111.5%
192.1%
176.5%
240.3%
356.8%
-2032.8%
206.5%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$568.00M
$314.00M
$277.00M
$196.00M
$232.00M
$292.00M
$156.00M
$105.00M
$100.00M
$99.00M
Receivables
$373.53M
$398.00M
$501.00M
$596.00M
$431.00M
$543.00M
$593.00M
$481.00M
$129.00M
$172.00M
Total current assets
$1.32B
$1.13B
$1.23B
$1.20B
$1.10B
$1.25B
$1.22B
$1.03B
$1.09B
$1.14B
Goodwill
$5.76B
$10.02B
$10.08B
$10.08B
$10.08B
$10.08B
$10.09B
$10.09B
$5.13B
$5.13B
Total assets
$22.68B
$32.23B
$32.76B
$38.46B
$38.77B
$39.04B
$38.92B
$38.53B
$32.74B
$31.52B
Total current liabilities
$961.36M
$1.29B
$1.51B
$1.92B
$1.97B
$2.03B
$2.73B
$2.58B
$2.18B
$4.48B
Short-term debt
$101.75M
$115.00M
$107.00M
$100.00M
$129.00M
$72.00M
$819.00M
$835.00M
$603.00M
$2.78B
Long-term debt
$12.17B
$16.16B
$16.68B
$18.12B
$19.28B
$20.63B
$21.73B
$22.92B
$24.08B
$24.34B
Total debt
$12.27B
$16.27B
$16.79B
$18.22B
$19.41B
$20.70B
$22.55B
$23.76B
$24.68B
$27.12B
Total liabilities
$15.12B
$19.89B
$21.19B
$27.97B
$29.31B
$30.78B
$31.47B
$32.15B
$32.87B
$33.15B
Shareholders' equity
$7.22B
$11.93B
$11.57B
$10.49B
$9.46B
$8.26B
$7.45B
$6.38B
-$133.00M
-$1.64B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$1.79B
$2.03B
$2.50B
$2.70B
$3.06B
$2.79B
$2.88B
$3.13B
$2.94B
$3.06B
Capital expenditures
$874.00M
-$1.22B
$1.74B
$2.06B
$1.62B
$1.23B
$1.31B
$243.00M
$176.00M
$182.00M
Free cash flow
$913.00M
$815.00M
$761.00M
$641.00M
$1.43B
$1.56B
$1.57B
$2.88B
$2.77B
$2.88B
Investing cash flow
-$1.43B
-$10.48B
-$1.79B
-$2.08B
-$1.74B
-$1.33B
-$1.35B
-$1.52B
-$1.22B
-$1.16B
Financing cash flow
-$89.00M
$8.19B
-$733.00M
-$692.00M
-$1.27B
-$1.31B
-$1.67B
-$1.65B
-$1.71B
-$1.89B
Dividends paid
$1.24B
-$1.51B
$1.78B
$1.91B
$2.10B
$2.37B
-$2.60B
-$2.72B
-$2.73B
-$2.08B
Share buybacks
$25.00M
-$23.00M
$34.00M
$44.00M
$76.00M
$70.00M
-$65.00M
-$30.00M
-$33.00M
-$23.00M
Stock-based compensation
$79.00M
$92.00M
$103.00M
$117.00M
$138.00M
$129.00M
$156.00M
$102.00M
$84.00M
$73.00M
Depreciation & amortization
$1.11B
$1.24B
$1.53B
$1.57B
$1.61B
$1.64B
$1.71B
$787.00M
$736.00M
$690.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$43.00M
$46.00M
$43.00M
$54.00M
$49.00M
$50.00M
$52.00M
$60.00M
$53.00M
$49.00M
$41.00M
$29.00M
Cost of revenue
$36.00M
$29.00M
$25.00M
$27.00M
$26.00M
$28.00M
$27.00M
$30.00M
$29.00M
$26.00M
$19.00M
$13.00M
Gross profit
$7.00M
$17.00M
$18.00M
$27.00M
$23.00M
$22.00M
$25.00M
$30.00M
$24.00M
$23.00M
$22.00M
$16.00M
Selling, general & admin
-$79.00M
$114.00M
$136.00M
$93.00M
$92.00M
$93.00M
$99.00M
$97.00M
$94.00M
$90.00M
$97.00M
$82.00M
Operating income
$316.00M
$520.00M
$495.00M
$532.00M
$570.00M
$521.00M
$506.00M
$525.00M
$523.00M
$465.00M
$470.00M
$465.00M
Interest expense
$222.00M
$226.00M
$230.00M
$236.00M
$240.00M
$236.00M
$243.00M
$247.00M
$246.00M
$242.00M
$208.00M
$177.00M
Pre-tax income
$98.00M
$300.00M
$270.00M
$297.00M
$313.00M
$289.00M
$269.00M
$281.00M
$280.00M
$225.00M
$303.00M
$288.00M
Income tax
$0
$6.00M
$5.00M
$3.00M
$4.00M
$5.00M
$4.00M
$4.00M
$3.00M
$5.00M
$4.00M
$5.00M
Net income
$363.00M
$311.00M
$251.00M
$303.00M
-$4.77B
-$464.00M
$291.00M
$323.00M
$294.00M
$151.00M
$94.00M
$283.00M
EBITDA
-$212.00M
$711.00M
$675.00M
$713.00M
$754.00M
$698.00M
$681.00M
$692.00M
$693.00M
$637.00M
$641.00M
$645.00M
EPS (basic)
$0.83
$0.72
$0.58
$0.70
$-10.97
$-1.07
$0.67
$0.74
$0.68
$0.34
$0.22
$0.67
EPS (diluted)
$0.83
$0.71
$0.58
$0.70
$-10.97
$-1.07
$0.67
$0.74
$0.67
$0.34
$0.22
$0.67
Diluted shares
0
435.00M
435.00M
436.00M
-1.00M
436.00M
437.00M
437.00M
1.00M
437.00M
434.00M
426.00M
Gross margin
16.3%
37.0%
41.9%
50.0%
46.9%
44.0%
48.1%
50.0%
45.3%
46.9%
53.7%
55.2%
Operating margin
734.9%
1130.4%
1151.2%
985.2%
1163.3%
1042.0%
973.1%
875.0%
986.8%
949.0%
1146.3%
1603.4%
Net margin
844.2%
676.1%
583.7%
561.1%
-9730.6%
-928.0%
559.6%
538.3%
554.7%
308.2%
229.3%
975.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$105.00M
$125.00M
$155.00M
$194.00M
$100.00M
$60.00M
$94.00M
$57.00M
$99.00M
$55.00M
$1.04B
$133.00M
Receivables
$481.00M
$380.00M
$420.00M
$413.00M
$129.00M
$123.00M
$100.00M
$125.00M
$172.00M
$188.00M
$179.00M
$110.00M
Total current assets
$1.03B
$977.00M
$1.08B
$1.12B
$1.09B
$1.08B
$1.07B
$1.11B
$1.14B
$1.25B
$1.72B
$695.00M
Goodwill
$10.09B
$10.09B
$10.09B
$10.09B
$5.13B
$5.13B
$5.13B
$5.13B
$5.13B
$5.13B
$5.13B
$5.13B
Total assets
$38.53B
$38.23B
$38.25B
$38.04B
$32.74B
$31.76B
$31.64B
$31.50B
$31.52B
$31.39B
$21.51B
$20.61B
Total current liabilities
$2.58B
$2.34B
$2.49B
$2.10B
$2.18B
$2.95B
$3.80B
$4.30B
$4.48B
$4.71B
$3.29B
$3.00B
Short-term debt
$835.00M
$854.00M
$865.00M
$611.00M
$603.00M
$1.50B
$2.25B
$2.77B
$2.78B
$3.15B
$2.26B
$2.24B
Long-term debt
$22.92B
$22.56B
$22.85B
$23.45B
$24.08B
$22.87B
$22.04B
$21.55B
$24.34B
$21.53B
$15.98B
$15.56B
Total debt
$23.76B
$23.41B
$23.72B
$24.06B
$24.68B
$24.38B
$24.29B
$24.32B
$27.12B
$24.68B
$18.24B
$17.80B
Total liabilities
$32.15B
$32.18B
$32.59B
$32.75B
$32.87B
$33.01B
$33.02B
$32.99B
$33.15B
$33.31B
$24.78B
$24.03B
Shareholders' equity
$6.38B
$6.05B
$5.65B
$5.30B
-$133.00M
-$1.25B
-$1.38B
-$1.49B
-$1.64B
-$1.92B
-$3.27B
-$3.42B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$868.00M
$599.00M
$768.00M
$699.00M
$877.00M
$641.00M
$832.00M
$714.00M
$870.00M
$509.00M
$531.00M
$56.00M
Capital expenditures
-$824.00M
$47.00M
$39.00M
$38.00M
$52.00M
$40.00M
$40.00M
$43.00M
$59.00M
$57.00M
$59.00M
$66.00M
Free cash flow
$44.00M
$552.00M
$729.00M
$661.00M
$825.00M
$601.00M
$792.00M
$671.00M
$811.00M
$452.00M
$472.00M
-$10.00M
Investing cash flow
-$364.00M
-$320.00M
-$330.00M
-$297.00M
-$273.00M
-$255.00M
-$268.00M
-$282.00M
-$353.00M
-$313.00M
$8.29B
-$66.00M
Financing cash flow
-$513.00M
-$261.00M
-$405.00M
-$362.00M
-$680.00M
-$403.00M
-$568.00M
-$451.00M
-$464.00M
-$179.00M
-$7.89B
-$939.00M
Dividends paid
-$4.77B
$688.00M
$680.00M
$681.00M
-$4.78B
$690.00M
$463.00M
$462.00M
-$3.69B
$473.00M
$459.00M
$452.00M
Share buybacks
-$59.00M
$27.00M
$3.00M
$2.00M
-$65.00M
$21.00M
$2.00M
$0
-$46.00M
$25.00M
$992.00M
$26.00M
Stock-based compensation
-$24.00M
$24.00M
$26.00M
$19.00M
$15.00M
$18.00M
$18.00M
$19.00M
$18.00M
$18.00M
$29.00M
$18.00M
Depreciation & amortization
-$528.00M
$191.00M
$180.00M
$181.00M
$184.00M
$177.00M
$175.00M
$167.00M
$170.00M
$172.00M
$171.00M
$180.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.