Crown Castle Inc. (CCI) AI Stock Analysis
CCI AI stock analysis summary
AI ResearchCrown Castle Inc. (CCI) is a communications infrastructure REIT operating cell towers and fiber routes across the United States. In FY2025, revenue contracted 35.1% to $4.26B, while free cash flow reached $2.88B. The stock carries a forward dividend yield of 5.17% alongside net debt of $22.36B as of June 30, 2026.
- Market cap
- $35.00B
- Revenue (TTM)
- $4.16B
- P/E
- 33.4x fwd 21.2x
- 1Y return
- -11.8% S&P 500 16.8%
- Avg. target
- $94.40 14.8% vs last close
Bull case
- Free cash flow expanded to $2.88B in FY2025, up from $1.72B in FY2024.
- The stock offers an annualized forward dividend yield of 5.17% with an annual dividend of $4.25 per share.
- Wall Street analysts set a mean price target of $94.40, representing 14.8% upside over the last close of $82.26.
Bear case
- Crown Castle carries net debt of $22.36B and shareholders' equity of -$3.27B as of June 30, 2026.
- In the latest quarter ended June 30, 2026, quarterly earnings fell 67.5% and revenue declined 4.9% year-over-year.
- The company's dividend payout ratio stands at 146.6% against a 5-year annualized dividend growth rate of -0.7%.
What Crown Castle does
Crown Castle is an owner, operator, and lessor of communications infrastructure throughout the United States. Its network includes over 40,000 cell towers and approximately 80,000 route miles of fiber. This infrastructure supports small cells and fiber solutions to deliver wireless, data, and technology services across every major domestic market. By providing shared telecommunications assets, the company enables wireless carriers and businesses to transmit information and maintain national mobile coverage. Crown Castle employed 1,500 people as of its latest reporting and has been publicly listed since its 1998 IPO.
Growth and profitability
Revenue grew from $6.34B in FY2021 to $6.99B in FY2022, before edging down to $6.98B in FY2023. In FY2024, revenue fell 5.9% to $6.57B, and net income was -$3.90B with an operating margin of -44.7%. Performance shifted in FY2025 as net income reached $444.0M, operating margin rose to 48.7%, and free cash flow reached $2.88B despite revenue declining 35.1% to $4.26B. From FY2020 to FY2025, the five-year revenue compound annual growth rate was -6.1%. In the quarter ended June 30, 2026, quarterly revenue fell 4.9% year-over-year and quarterly earnings dropped 67.5%.
Balance sheet and cash flow
As of June 30, 2026, Crown Castle held $1.04B in cash and short-term investments alongside total debt of $23.40B, yielding net debt of $22.36B. Total assets stood at $21.51B, and the current ratio was 0.50. Shareholders' equity was -$3.27B, reflecting negative equity. In FY2025, operating cash flow reached $3.06B. Capital allocation that year included $182.0M for capital expenditures, $23.0M for share buybacks, and $2.08B for dividends paid.
Valuation and performance
At a last close of $82.26 on October 16, 2026, Crown Castle had a market cap of $35.00B and an enterprise value of $52.24B. The stock traded at a trailing P/E of 33.4x, higher than the 30.3x median of its S&P 500 Real Estate peers. Its forward P/E of 21.2x sat below the peer median of 30.4x, while its price-to-sales of 8.4x and EV/EBITDA of 19.5x compared to peer medians of 7.0x and 17.2x. Over the past year, the stock fell 11.8%, trailing the 16.8% return of the S&P 500 benchmark.
CCI dividend
Crown Castle paid an annualized forward dividend of $4.25 per share, representing a dividend yield of 5.17% as of October 16, 2026. The dividend is paid quarterly, and the company has paid dividends for 13 consecutive years. Its payout ratio stood at 146.6%, and the 5-year annualized dividend growth was -0.7%. The last ex-dividend date was September 15, 2026.
What analysts expect
Wall Street coverage shows 9 Strong Buy, 3 Buy, 9 Hold, and 1 Sell ratings, with 0 Strong Sell ratings. The mean price target is $94.40, which is 14.8% above the last close of $82.26. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.48 on revenue of $4.04B. For the following year, 9 analysts project EPS of $2.90 and revenue of $4.10B. Crown Castle beat EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 21, 2026.
Key risks and what to watch
- Total debt of $23.40B exceeds total assets of $21.51B as of June 30, 2026.
- A current ratio of 0.50 as of June 30, 2026, highlights tight short-term liquidity.
- Five-year revenue CAGR from FY2020 to FY2025 was -6.1%, reflecting long-term top-line contraction.
- The stock posted a 5-year return of -37.6%, significantly trailing the S&P 500 return of 83.0%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CCI AI stock analysis
This page is an AI-written research summary of Crown Castle Inc. (CCI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CCI income statement, CCI balance sheet, CCI key metrics, CCI analyst forecast, CCI chart. See the CCI stock overview for the latest quote and news.
CCI AI stock analysis FAQ
What is Crown Castle's dividend yield and payment frequency?
Crown Castle offers an annual forward dividend of $4.25 per share, resulting in a dividend yield of 5.17%. The dividend is paid on a quarterly schedule, and the company has paid dividends for 13 consecutive years.
How much debt does Crown Castle hold?
As of June 30, 2026, Crown Castle reported total debt of $23.40B and cash and short-term investments of $1.04B, leaving net debt at $22.36B. Shareholders' equity was -$3.27B, and total assets were $21.51B.
When does Crown Castle report its next earnings?
Crown Castle's next earnings date is October 21, 2026. The company beat EPS estimates in each of the last 4 quarters.
What are analysts' price targets and ratings for CCI?
Analysts have set a mean price target of $94.40, which implies a 14.8% premium to the last close of $82.26. The consensus includes 9 Strong Buy, 3 Buy, 9 Hold, and 1 Sell ratings.