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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 531 | 509 | 870 | 714 | 832 | 641 | 877 | 699 | 768 | 599 | 868 | 533 |
| Depreciation and amortization | 171 | 172 | 170 | 168 | 175 | 177 | 184 | 181 | 180 | 191 | 394 | 439 |
| Capital expenditure | -59.0 | -57.0 | -59.0 | -43.0 | -40.0 | — | — | — | — | — | — | — |
| Investing cash flow | 8,286 | -313 | -353 | -282 | -268 | -255 | -273 | -297 | -330 | -320 | -364 | -349 |
| Financing cash flow | -7,888 | -179 | -464 | -451 | -568 | — | — | — | — | — | — | — |
| Dividends paid | -459 | -473 | -465 | -462 | -463 | -690 | -680 | -681 | -680 | -688 | -679 | -680 |
| Share repurchases | -992 | -25.0 | 0.0 | 0.0 | -2.0 | -21.0 | -1.0 | -2.0 | -3.0 | -27.0 | -1.0 | — |
| Debt issued | 0.0 | 1,350 | 285 | 541 | 628 | 336 | 29.0 | 1,118 | 300 | 1,138 | 1,605 | 1,391 |
| Debt repaid | -6,431 | -1,031 | -284 | -530 | -731 | -28.0 | -28.0 | -785 | -22.0 | -684 | -1,422 | -1,094 |
| Effect of exchange rates | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — | — | -1.0 | 1.0 | — |
| Net change in cash | 929 | 17.0 | 53.0 | -19.0 | -4.0 | -17.0 | -76.0 | 40.0 | 33.0 | 17.0 | -8.0 | -199 |
| Free cash flow | 472 | 452 | 811 | 671 | 792 | — | — | — | — | — | — | — |
| Levered free cash flow | 284 | 7.0 | 493 | 226 | 462 | 176 | 429 | 238 | 434 | 196 | 430 | 237 |