Crown Castle Inc. (CCI) Key Metrics
CCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $35.00B
- Enterprise value
- $52.24B
- P/E (TTM)
- 33.4 10-yr median 72.5
- Forward P/E
- 21.2
- PEG ratio
- 0.55
- Price / sales
- 8.4 10-yr median 8.8
- Price / book
- 8.9 10-yr median 6.4
- EV / EBITDA
- 19.5 10-yr median 24.6
- Dividend yield
- 5.17% $4.25 a year
- Beta
- 0.96
CCI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCCI valuation Price multiples at each fiscal year-end price.
CCI returns How much profit the business earns on the capital it uses.
CCI per-share figures Results divided by the shares outstanding at year-end.
CCI financial health Debt, liquidity and how easily interest is covered.
CCI efficiency & capital use Working capital cycle and where the cash goes.
CCI valuation history
CCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CCI cash returned to shareholders
CCI price vs earnings per share
CCI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $38.84B | $39.39B | $49.99B | $58.87B | $90.59B | $67.66B | $59.42B | $45.08B | $42.54B | $29.58B |
| Enterprise value | $68.13B | $68.88B | $78.70B | $86.67B | $117.31B | $92.84B | $83.15B | $61.49B | $58.39B | $41.18B |
| P/E ratio | 87.5 | — | 33.3 | 35.1 | 82.7 | 64.1 | 69.1 | 72.5 | 116.2 | 82.9 |
| Price / sales | 9.1 | 6.0 | 7.2 | 8.4 | 14.3 | 11.6 | 10.3 | 8.4 | 10.0 | 7.5 |
| Price / book | — | — | 7.8 | 7.9 | 11.0 | 7.2 | 5.7 | 3.9 | 3.4 | 3.9 |
| Price / free cash flow | 13.5 | 22.9 | 29.4 | 37.5 | 60.5 | 47.3 | 92.7 | 59.2 | 52.1 | 32.6 |
| Price / operating cash flow | 12.7 | 13.4 | 16.0 | 20.5 | 33.2 | 22.1 | 22.0 | 18.0 | 20.8 | 16.6 |
| EV / sales | 16.0 | 10.5 | 11.3 | 12.4 | 18.5 | 15.9 | 14.4 | 11.4 | 13.7 | 10.5 |
| EV / EBITDA | 24.6 | — | 19.2 | 21.3 | 34.0 | 27.7 | 26.7 | 22.1 | 26.5 | 20.8 |
| EV / free cash flow | 23.7 | 40.0 | 46.2 | 55.3 | 78.3 | 64.9 | 129.7 | 80.8 | 71.5 | 45.3 |
| Earnings yield | 1.1% | −9.9% | 3.0% | 2.8% | 1.2% | 1.6% | 1.4% | 1.4% | 0.9% | 1.2% |
| Free cash flow yield | 7.4% | 4.4% | 3.4% | 2.7% | 1.7% | 2.1% | 1.1% | 1.7% | 1.9% | 3.1% |
| Dividend yield | 5.4% | 6.9% | 5.4% | 4.4% | 2.6% | 3.2% | 3.4% | 4.2% | 3.6% | 4.3% |
| Shareholder yield (dividends + buybacks) | 5.4% | 7.0% | 5.5% | 4.5% | 2.7% | 3.3% | 3.5% | 4.3% | 3.7% | 4.4% |
| Share price at fiscal year-end | $88.87 | $90.76 | $115.19 | $135.64 | $208.74 | $159.19 | $142.15 | $108.63 | $111.01 | $86.77 |
| Per share | ||||||||||
| Revenue per share | $9.76 | $15.13 | $16.09 | $16.10 | $14.61 | $13.74 | $13.79 | $12.94 | $11.10 | $11.50 |
| Earnings per share | $1.02 | −$8.99 | $3.46 | $3.86 | $2.53 | $2.48 | $2.06 | $1.50 | $0.96 | $1.05 |
| Operating cash flow per share | $7.00 | $6.78 | $7.20 | $6.63 | $6.28 | $7.19 | $6.46 | $6.03 | $5.33 | $5.23 |
| Free cash flow per share | $6.58 | $3.97 | $3.92 | $3.61 | $3.45 | $3.37 | $1.53 | $1.83 | $2.13 | $2.66 |
| Cash per share | $0.62 | $0.27 | $0.24 | $0.36 | $0.67 | $0.55 | $0.47 | $0.67 | $0.82 | $1.67 |
| Book value per share | −$3.74 | −$0.31 | $14.70 | $17.16 | $19.03 | $22.26 | $25.09 | $27.88 | $32.20 | $22.17 |
| Tangible book value per share | −$17.44 | −$18.53 | −$15.86 | −$14.36 | −$13.52 | −$11.88 | −$10.59 | −$9.69 | −$9.51 | −$5.43 |
| Dividends per share | $4.76 | $6.29 | $6.27 | $6.00 | $5.47 | $5.15 | $4.84 | $4.57 | $4.02 | $3.76 |
| Capex per share | $0.42 | $2.82 | $3.28 | $3.02 | $2.83 | $3.82 | $4.93 | $4.20 | $3.20 | $2.56 |
| Debt per share | $67.66 | $68.23 | $66.39 | $64.42 | $62.23 | $59.80 | $57.25 | $40.20 | $42.17 | $35.71 |
| Shares outstanding | 437.0M | 434.0M | 434.0M | 434.0M | 434.0M | 425.0M | 418.0M | 415.0M | 383.2M | 340.9M |
| Change in shares outstanding | +0.7% | 0.0% | 0.0% | 0.0% | +2.1% | +1.7% | +0.7% | +8.3% | +12.4% | +2.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | 21.7% | 21.3% | 12.4% | 10.6% | 7.8% | 5.2% | 3.7% | 4.9% |
| Return on invested capital (ROIC) | 7.2% | −7.2% | 6.6% | 6.8% | 5.6% | 5.3% | 4.9% | 4.8% | 3.8% | 4.7% |
| Return on assets (ROA) | 1.4% | −11.0% | 3.9% | 4.3% | 2.8% | 2.7% | 2.4% | 1.9% | 1.3% | 1.6% |
| Return on tangible assets | 1.7% | −15.7% | 5.9% | 6.6% | 4.4% | 4.4% | 3.7% | 3.6% | 2.3% | 2.7% |
| Free cash flow margin | 67.4% | 26.2% | 24.4% | 22.4% | 23.6% | 24.5% | 11.1% | 14.2% | 19.2% | 23.2% |
| Income quality (OCF / net income) | 6.89 | — | 2.08 | 1.72 | 2.49 | 2.89 | 3.14 | 4.02 | 5.59 | 4.99 |
| Financial health | ||||||||||
| Total debt | $29.57B | $29.61B | $28.81B | $27.96B | $27.01B | $25.42B | $23.93B | $16.68B | $16.16B | $12.17B |
| Cash & short-term investments | $269.0M | $119.0M | $105.0M | $156.0M | $292.0M | $232.0M | $196.0M | $277.0M | $314.0M | $567.6M |
| Net debt | $29.30B | $29.49B | $28.71B | $27.80B | $26.72B | $25.18B | $23.73B | $16.41B | $15.85B | $11.60B |
| Debt / equity | — | — | 4.52 | 3.75 | 3.27 | 2.69 | 2.28 | 1.44 | 1.31 | 1.61 |
| Debt / assets | 0.94 | 0.90 | 0.75 | 0.72 | 0.69 | 0.66 | 0.62 | 0.51 | 0.50 | 0.54 |
| Net debt / EBITDA | 10.58 | — | 7.00 | 6.83 | 7.73 | 7.52 | 7.62 | 5.88 | 7.19 | 5.87 |
| Current ratio | 0.26 | 0.50 | 0.40 | 0.45 | 0.62 | 0.56 | 0.63 | 0.82 | 0.88 | 1.38 |
| Quick ratio | 0.26 | 0.58 | 0.40 | 0.35 | 0.48 | 0.44 | 0.50 | 0.61 | 0.66 | 1.11 |
| Interest coverage | 2.2 | -3.3 | 2.9 | 3.6 | 3.2 | 2.8 | 2.3 | 2.2 | 1.6 | 1.8 |
| Working capital | −$3.33B | −$1.09B | −$1.55B | −$1.51B | −$772.0M | −$865.0M | −$716.0M | −$277.0M | −$158.0M | $363.4M |
| Invested capital | $27.66B | $29.36B | $35.09B | $35.25B | $34.98B | $34.65B | $34.22B | $27.98B | $28.18B | $19.16B |
| Tangible asset value | −$7.62B | −$8.04B | −$6.88B | −$6.23B | −$5.87B | −$5.05B | −$4.42B | −$4.02B | −$3.64B | −$1.85B |
| Net current asset value | −$32.01B | −$31.78B | −$31.11B | −$30.25B | −$29.53B | −$28.20B | −$26.76B | −$19.96B | −$18.76B | −$13.79B |
| Graham number | — | — | $33.84 | $38.61 | $32.88 | $35.28 | $34.08 | $30.66 | $26.30 | $22.86 |
| Graham net-net per share | −$74.67 | −$74.53 | −$72.80 | −$70.60 | −$68.84 | −$67.37 | −$65.08 | −$49.12 | −$49.93 | −$41.49 |
| Capital allocation | ||||||||||
| Dividends paid | $2.08B | $2.73B | $2.72B | $2.60B | $2.37B | $2.19B | $2.02B | $1.90B | $1.54B | $1.28B |
| Share buybacks (net) | $23.0M | $33.0M | $30.0M | $65.0M | $70.0M | $76.0M | $44.0M | $34.0M | $23.3M | $24.9M |
| Dividend payout ratio | 468.5% | — | 181.3% | 155.3% | 216.5% | 207.4% | 235.5% | 304.7% | 420.4% | 359.5% |
| Dividends + buybacks / free cash flow | 73.1% | 160.5% | 161.8% | 170.1% | 163.1% | 158.4% | 322.8% | 253.5% | 191.4% | 144.0% |
| Capex / revenue | 4.3% | 18.6% | 20.4% | 18.8% | 19.4% | 27.8% | 35.7% | 32.4% | 28.9% | 22.3% |
| Capex / operating cash flow | 6.0% | 41.5% | 45.6% | 45.5% | 45.1% | 53.2% | 76.3% | 69.6% | 60.1% | 49.0% |
| Capex / depreciation | 0.26 | 0.70 | 0.81 | 0.77 | 0.75 | 1.01 | 1.31 | 1.14 | 0.99 | 0.79 |
| Stock-based compensation / revenue | 1.7% | 2.0% | 2.2% | 2.2% | 2.0% | 2.4% | 2.0% | 1.9% | 2.2% | 2.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 9.0% | 10.7% | 11.1% | 10.7% | 10.7% | 11.6% | 10.7% | 10.5% | 10.0% | 9.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 42.5 | 34.8 | 34.4 | 35.4 | 30.7 | 32.1 | 34.7 | 30.6 | 33.1 | 32.0 |
| Days of inventory on hand | — | -33.8 | — | 47.8 | 47.0 | 44.8 | 50.3 | 58.0 | 63.5 | 65.5 |
| Days payables outstanding | 33.2 | 43.9 | 45.0 | 42.5 | 43.6 | 52.3 | 59.5 | 55.6 | 51.7 | 44.1 |
| Cash conversion cycle (days) | 9.3 | -42.9 | -10.6 | 40.7 | 34.1 | 24.6 | 25.5 | 33.0 | 44.8 | 53.4 |
| Receivables turnover | 8.59 | 10.50 | 10.60 | 10.31 | 11.89 | 11.37 | 10.51 | 11.95 | 11.03 | 11.42 |
| Payables turnover | 11.00 | 8.32 | 8.11 | 8.58 | 8.37 | 6.98 | 6.14 | 6.56 | 7.05 | 8.28 |
| Inventory turnover | — | — | — | 7.63 | 7.77 | 8.15 | 7.26 | 6.29 | 5.75 | 5.57 |
| Asset turnover | 0.13 | 0.18 | 0.18 | 0.18 | 0.16 | 0.15 | 0.16 | 0.17 | 0.15 | 0.18 |
| Average receivables | $496.5M | $625.5M | $658.5M | $677.5M | $533.0M | $513.5M | $548.5M | $449.5M | $385.8M | $343.4M |
| Average payables | $131.5M | $222.0M | $244.0M | $241.0M | $238.0M | $282.0M | $323.5M | $281.0M | $218.8M | $174.1M |
| Average inventory | — | −$171.0M | — | $271.0M | $256.5M | $241.5M | $273.5M | $293.2M | $268.3M | $258.6M |
| Intangibles / total assets | 19.0% | 24.2% | 34.4% | 35.2% | 36.2% | 37.4% | 38.8% | 47.6% | 49.6% | 41.5% |
Computed from CCI's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CCI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Crown Castle traded at 87.5 times earnings, against a 10-year median of 72.5. Based on the latest twelve months, the trailing P/E is 33.4 and the forward P/E is 21.2. Crown Castle earned a return on invested capital of 7.2% in fiscal 2025. It ended the year with $29.6 billion of debt and $269.0 million in cash and short-term investments, net debt of $29.3 billion. It returned $2.1 billion to shareholders: $2.1 billion in dividends and $23.0 million in share buybacks, 73% of free cash flow. The share count rose 28.2% from 340.9M to 437.0M over 9 years.
See the CCI income statement, the CCI chart for price history, or the CCI stock overview for the latest quote and news.
CCI key metrics FAQ
What is Crown Castle's P/E ratio?
Crown Castle's trailing P/E ratio is 33.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.2. At the end of fiscal 2025 it was 87.5, compared with a 10-year median of 72.5.
What is Crown Castle's EV/EBITDA?
Crown Castle's enterprise value was 24.6 times EBITDA at the end of fiscal 2025 (enterprise value $68.1 billion, EBITDA $2.8 billion); the current EV/EBITDA is 19.5.
What is Crown Castle's ROIC?
Crown Castle's return on invested capital was 7.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Crown Castle have?
Crown Castle had total debt of $29.6 billion at the end of fiscal 2025 and $29.3 billion of net debt (10.58 times EBITDA).
What is Crown Castle's dividend yield?
Crown Castle's forward dividend yield is 5.17%. Crown Castle paid $2.1 billion in dividends in fiscal 2025 ($4.76 per share), a payout ratio of 468.5%.
Does Crown Castle buy back its shares?
Yes. Crown Castle spent $23.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.7% over the year, to 437.0M..
What is Crown Castle's free cash flow yield?
Crown Castle generated $2.9 billion of free cash flow in fiscal 2025, a free cash flow yield of 7.4% on its market value at year-end ($38.8 billion).
What is Crown Castle's current ratio?
Crown Castle's current ratio was 0.26 at the end of fiscal 2025: current assets were 0.26 times current liabilities.