Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Crown Castle Inc.

CCI · NYSE · Real estate

Fundamental quality

REASONABLE

58

out of 100

Crown Castle Inc. runs like a cash machine: it converts about 64.7% of revenue into free cash flow and holds a 25.1% net margin, though it grows at a measured pace. On fundamental quality it scores 58 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue -6%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Crown Castle is American mobile telephony's landlord: tens of thousands of towers where Verizon, AT&T and T-Mobile hang their antennas, paying rents with contractual escalators. US only, towers and fiber only: the real-estate toll on phones working.

What will shape its future

  • The three big carriers' network spending, its only source of demand.
  • Interest rates, governing its valuation as they do every leveraged REIT.
  • The future of its fiber and small-cell business, the appendix its shareholders question.

Breakdown by area

I.Growth
22

EPS growth: 0.1% · Revenue growth: -6%

II.Profitability
95

Net margin: 25.1% · ROIC: 8.8%

III.Financial health
57

Net debt/EBITDA: 9.11x · FCF: 64.7%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 12 Real estate companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 58%
Growthbeats 0%
Less debtbeats 0%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Crown Castle Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 64.7%): profit turns into real cash.
  • Exceptional net margin (25.1%): the business is clearly profitable.
  • Positive free cash flow year after year, a self-funding business.

Crown Castle Inc. risks and weaknesses

  • Very high leverage (net debt of 9.11× EBITDA): more exposed to rates and to a rough patch.
  • Shrinking margins: net margin has fallen from 18% to 10% in recent years.
  • Declining revenue (-6% annualized).
  • Its net debt has grown over the period.

Crown Castle Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20205,8401,0561,43119,177
20216,3401,0961,56020,409
20226,9861,6751,56822,392
20234,7341,5022,88323,651
20244,460-3,9032,76724,584
20254,2644442,87527,021

Between 2020 and 2025, revenue went from $5,840M to $4,264M (-27%) and net income went from $1,056M to $444M (-58%). Meanwhile, its margins have narrowed (from 18% to 10%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue-4.8%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.75

per share, yearly

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Crown Castle Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Crown Castle Inc. a good company to invest in?

In terms of business quality, Crown Castle Inc. scores 58 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Crown Castle Inc. a profitable company?

Very. Crown Castle Inc. shows a net margin of 25.1%, typical of a highly profitable business.

Does Crown Castle Inc. have a lot of debt?

Yes, its leverage is high: net debt is 9.11 times its EBITDA, and it has been rising.

Is Crown Castle Inc. growing?

Its revenue has fallen 6% annualized in recent years.

Does Crown Castle Inc. generate cash?

Yes. It converts about 64.7% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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