Crown Castle (CCI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Crown Castle

NYSE•Real Estate•REIT - Specialty

$73.74+0.52(0.01%)Pre-market

Market Cap

$31.88B

P/E

37.0x

P/S

7.7x

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. Crown Castle Inc. was established in 1994 and was incorporated in Delaware.

How this company scores

WeakMetricSide Score: 57/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability17/25

Growth11/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality21/25

Strengths

Strong marginsRising earningsCash-backed earningsConsistent free cash flow

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.0x5y range 25.7x – 87.3x

Currently near its 16-quarter median.

P/S · 7.7x5y range 5.6x – 14.2x

Currently near its 20-quarter median.

P/B · 9.7x5y range 6.0x – 10.9x

Currently near its 13-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Revenue Decline

Red Flag

TTM revenue has contracted 28.9% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $31.88B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.16B
Q. Revenue: $1.01B
TTM EBITDA: $1.98B
TTM Op. Income: $1.98B
Q. Op. Income: $470.00M
TTM Net Income: $862.00M
Q. Net Income: $94.00M
EPS: $0.22
Shares Out.: $433.00M

$4.16B in TTM revenue declined 23.3% YoY, reaching $1.01B last quarter. TTM EBITDA of $1.98B and TTM operating income of $1.98B show growth is flowing through to the bottom line. TTM net income of $862.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 98.1%
EBITDA Margin: 46.6%
Op. Margin: 46.6%
Net Margin: 9.3%

Op. margin of 46.6% is down 1.1% YoY — costs are rising relative to revenue. Net margin at 9.3% and gross margin of 98.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.0x
P/S Ratio: 7.7x
P/B Ratio: N/A

At 37.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.7x and P/B of 0.0x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $21.51B
Cash: $1.04B
Long-Term Debt: $15.98B
Book Value: $-3.27B
D/E Ratio: N/A
Debt/EBITDA: 34.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $531.00M
TTM Free Cash Flow: $2.41B
FCF Margin: 57.8%
FCF / Net Income: 2.8

TTM FCF of $2.41B on $531.00M in operating cash flow. The FCF / Net Income ratio of 2.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.