Crown Castle Inc. (CCI) Income Statement
CCI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCCI revenue and net income
Where CCI's revenue goes
2025Each bar shows an amount and its share of revenue. CCI kept 10.4% of revenue as net income.
CCI profit margins
CCI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −35.1% | −15.2% | −6.1% | +1.5% |
| Gross profit | −40.3% | −16.9% | −6.2% | +1.9% |
| Operating income | — | −5.0% | +2.2% | +8.2% |
| Net income | — | −35.8% | −15.9% | −0.7% |
| EPS (diluted) | — | −13.1% | +1.6% | +7.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CCI quarterly EPS vs estimates
Crown Castle beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 21, 2026 (estimate $1.16).
CCI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.26B | $6.57B | $6.98B | $6.99B | $6.34B | $5.84B | $5.76B | $5.37B | $4.25B | $3.92B |
| Cost of revenue | $1.45B | $1.85B | $1.98B | $2.07B | $1.99B | $1.97B | $1.99B | $1.84B | $1.54B | $1.44B |
| Gross profit | $2.82B | $4.72B | $5.00B | $4.92B | $4.35B | $3.87B | $3.78B | $3.53B | $2.71B | $2.48B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $383.0M | $706.0M | $773.0M | $750.0M | $680.0M | $678.0M | $614.0M | $563.0M | $427.4M | $371.1M |
| Total operating expenses | $739.0M | $7.66B | $2.63B | $2.49B | $2.35B | $2.01B | $2.22B | $2.14B | $1.75B | $1.53B |
| Operating income | $2.08B | −$2.94B | $2.37B | $2.42B | $2.00B | $1.86B | $1.56B | $1.38B | $967.0M | $949.0M |
| Interest income | $959.0M | $19.0M | $12.0M | $696.0M | $656.0M | $2.0M | $6.0M | $5.0M | $18.8M | $796,000 |
| Interest expense | $959.0M | $900.0M | $821.0M | $673.0M | $632.0M | $666.0M | $683.0M | $642.0M | $590.7M | $515.0M |
| Income before taxes | $1.12B | −$3.88B | $1.53B | $1.69B | $1.18B | $1.08B | $881.0M | $641.0M | $392.0M | $374.0M |
| Income taxes | $16.0M | $24.0M | $26.0M | $16.0M | $21.0M | $20.0M | $21.0M | $19.0M | $26.0M | $17.0M |
| Net income | $444.0M | −$3.90B | $1.50B | $1.68B | $1.10B | $1.06B | $860.0M | $622.0M | $366.0M | $357.0M |
| EBITDA | $2.77B | −$1.24B | $4.10B | $4.07B | $3.46B | $3.35B | $3.12B | $2.79B | $2.20B | $1.98B |
| EPS (diluted) | $2.53 | −$8.74 | $3.65 | $3.86 | $2.67 | $2.34 | $1.97 | $1.34 | $1.02 | $0.94 |
| Gross margin | 66.1% | 71.9% | 71.6% | 70.4% | 68.6% | 66.3% | 65.5% | 65.7% | 63.7% | 63.2% |
| Operating margin | 48.7% | −44.7% | 33.9% | 34.7% | 31.6% | 31.9% | 27.1% | 25.8% | 22.7% | 24.2% |
| Net margin | 10.4% | −59.4% | 21.5% | 24.0% | 17.3% | 18.1% | 14.9% | 11.6% | 8.6% | 9.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.01B | $1.07B | $1.07B | $1.06B | $1.06B | $1.65B | $1.65B | $1.11B | $1.11B | $1.67B | $1.67B |
| Cost of revenue | $365.0M | $266.0M | $621.0M | $280.0M | $278.0M | $268.0M | $464.0M | $460.0M | $274.0M | $272.0M | $453.0M | $486.0M |
| Gross profit | $643.0M | $744.0M | $451.0M | $792.0M | $782.0M | $793.0M | $1.19B | $1.19B | $833.0M | $842.0M | $1.22B | $1.18B |
| Sales, general & admin | $97.0M | $90.0M | $94.0M | $97.0M | $99.0M | $93.0M | $166.0M | $153.0M | $204.0M | $183.0M | $178.0M | $176.0M |
| Total operating expenses | $173.0M | $279.0M | −$76.0M | $267.0M | $276.0M | $272.0M | $5.69B | $648.0M | $338.0M | $322.0M | $633.0M | $695.0M |
| Operating income | $470.0M | $465.0M | $527.0M | $525.0M | $506.0M | $521.0M | −$4.50B | $544.0M | $495.0M | $520.0M | $588.0M | $486.0M |
| Interest income | $18.0M | $3.0M | $243.0M | $3.0M | $239.0M | $3.0M | $5.0M | $6.0M | $4.0M | $4.0M | $5.0M | $214.0M |
| Interest expense | $208.0M | $242.0M | $249.0M | $247.0M | $235.0M | $228.0M | $232.0M | $228.0M | $222.0M | $218.0M | $216.0M | $209.0M |
| Income before taxes | $303.0M | $225.0M | $280.0M | $281.0M | $269.0M | $289.0M | −$4.76B | $308.0M | $270.0M | $300.0M | $368.0M | $272.0M |
| Income taxes | −$4.0M | $5.0M | $3.0M | $4.0M | $4.0M | $5.0M | $5.0M | $5.0M | $5.0M | $6.0M | $5.0M | $7.0M |
| Net income | $307.0M | $151.0M | $294.0M | $323.0M | $291.0M | −$464.0M | −$4.77B | $303.0M | $251.0M | $311.0M | $363.0M | $265.0M |
| EBITDA | $682.0M | $639.0M | $699.0M | $696.0M | $679.0M | $694.0M | −$4.09B | $717.0M | $672.0M | $709.0M | $1.02B | $920.0M |
| EPS (diluted) | $1.13 | $0.50 | $0.63 | $0.64 | $0.61 | $0.65 | −$10.97 | $0.84 | $0.68 | $0.71 | $0.86 | $0.77 |
| Gross margin | 63.8% | 73.7% | 42.1% | 73.9% | 73.8% | 74.7% | 71.9% | 72.2% | 75.2% | 75.6% | 72.9% | 70.8% |
| Operating margin | 46.6% | 46.0% | 49.2% | 49.0% | 47.7% | 49.1% | −273.2% | 32.9% | 44.7% | 46.7% | 35.1% | 29.2% |
| Net margin | 30.5% | 15.0% | 27.4% | 30.1% | 27.5% | −43.7% | −289.1% | 18.3% | 22.7% | 27.9% | 21.7% | 15.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CCI's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CCI financial results
In fiscal year 2025 (ended December 31, 2025), Crown Castle reported revenue of $4.3 billion, down 35.1% from the year before. It had net income of $444.0 million, a net profit margin of 10.4%. Diluted earnings per share came to $2.53. Over five years revenue grew at an average rate of −6.1% a year.
See the CCI stock overview for the latest quote and news, or the CCI chart for price history and technical indicators.
CCI income statement FAQ
What is Crown Castle's annual revenue?
Crown Castle reported total revenue of $4.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 35.1% from $6.6 billion the previous year.
Is Crown Castle profitable?
Yes. Crown Castle reported net income of $444.0 million in fiscal 2025, a net profit margin of 10.4%; its operating margin was 48.7%.
What is Crown Castle's gross margin?
Crown Castle's gross margin was 66.1% in fiscal 2025: for every $100 of revenue, Crown Castle kept $66 after the direct cost of its products and services.
How fast is Crown Castle growing?
Revenue grew −6.1% a year on average over the last five fiscal years, from $5.8 billion to $4.3 billion.
What are Crown Castle's earnings per share?
Crown Castle earned $2.53 per diluted share in fiscal 2025, compared with $-8.74 a year earlier.
When will Crown Castle report its next earnings?
Crown Castle is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Crown Castle's fiscal year end?
Crown Castle's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.