Crown Castle revenue and financials
$68.28Change from previous close: +1.04%Absolute change: +$0.70
In the fiscal year ended December 2025, Crown Castle reported revenue of $4.26B (−4.39% year over year). Net income was $444M, a net margin of 10.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −4.39%
- 2025 vs 2024
- Net margin
- 10.4%
- 2024: -87.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,057 | 2,943 | 3,126 | 2,878 | 2,789 | 3,055 | 2,698 | 2,500 | 2,032 | 1,787 |
| Depreciation and amortization | 690 | 736 | 787 | 1,707 | 1,644 | 1,608 | 1,572 | 1,527 | 1,241 | 1,109 |
| Capital expenditure | -182 | -176 | -243 | -1,310 | -1,229 | -1,624 | -2,057 | -1,739 | 1,217 | -874 |
| Investing cash flow | -1,158 | -1,220 | -1,519 | -1,352 | -1,332 | — | — | — | — | — |
| Financing cash flow | -1,886 | -1,708 | -1,654 | -1,665 | — | — | — | — | — | — |
| Dividends paid | 2,080 | 2,729 | 2,723 | 2,602 | -2,373 | -2,105 | -1,912 | -1,782 | 1,509 | -1,239 |
| Share repurchases | 23.0 | 33.0 | 30.0 | 65.0 | -70.0 | -76.0 | -44.0 | -34.0 | 23.0 | -25.0 |
| Debt issued | 1,790 | 2,585 | 7,456 | 5,219 | 5,230 | — | — | — | — | — |
| Debt repaid | -1,573 | -1,519 | -6,318 | -4,203 | -4,055 | — | — | — | — | — |
| Effect of exchange rates | 0.0 | -1.0 | 1.0 | 0.0 | — | — | — | — | — | — |
| Net change in cash | 13.0 | 14.0 | -46.0 | -139 | 85.0 | — | — | — | — | — |
| Free cash flow | 2,875 | 2,767 | 2,883 | 1,568 | — | — | — | — | — | — |
| Levered free cash flow | 1,372 | 1,297 | 1,497 | 1,480 | 1,363 | — | — | — | — | — |