Stocks · Real Estate · REIT - Specialty

Crown Castle Inc. CCI

$66.44 +0.48% Close, Oct 2, 2026 · NYSE · Market cap $29.03B

High qualityWeak trend

Next earnings report: Oct 21, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Operating margin widened to 47.7% from -54.1% a year earlier.
  2. The shares trade at 27.0× trailing earnings, lower than 94% of the company's own readings over the past five years.
  3. Net debt is 8.2× EBITDA, a high level of leverage.

PromtFinance scores

Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth10Very weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 6%
  • FCF growth (TTM, YoY)Top 46%
  • Revenue growth, 3-year CAGRBottom 4%
  • Revenue growth accelerationBottom 38%
Quality91Exceptional

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 21%
  • Gross marginTop 33%
  • Operating marginTop 19%
  • Cash conversion (OCF / net income)Top 37%
  • Accruals (lower is better)Top 13%
  • Net debt / EBITDA (lower is better)Bottom 32%
  • Interest coverTop 32%
Value55Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 43%
  • Free-cash-flow yieldTop 32%
  • EBITDA / enterprise valueBottom 34%
  • Sales / enterprise valueBottom 26%
  • P/E vs own 5-year history (lower is better)Top 21%
Momentum18Very weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 20%
  • 6-month returnBottom 17%
  • 1-year return vs S&P 500Bottom 21%
  • Distance from 52-week highBottom 24%
  • Trend checklist (0–4)Bottom 22%
Revisions78Positive

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 28%
  • Consecutive EPS beatsBottom 48%
  • Share of analysts rating BuyTop 40%
  • Upside to consensus price targetTop 33%
Stability46Neutral

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 33%
  • Maximum drawdown, 3 yearsBottom 36%
  • Beta vs S&P 500 (lower is better)Top 9%
  • Net debt / EBITDA (lower is better)Bottom 32%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-22.9%-23.2%↓
Gross margin72.9%63.2%↓
Operating margin-54.1%47.7%↑
FCF margin44.2%57.8%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)-23.2%-22.9%↓Bottom 6%
Gross margin63.2%72.9%↓Top 33%
Operating margin47.7%-54.1%↑Top 19%
Net margin25.8%-85.5%↑—
Free-cash-flow margin57.8%44.2%↑—
Return on invested capital9.5%—Top 21%
Revenue growth, 3-year CAGR-15.2%—Bottom 4%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
2.44×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-7.2%
Stock-based compensation / revenueA cost to shareholders through dilution.
2.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+102.2 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
8.24×
Interest cover (operating income / interest)How many times operating profit covers interest.
2.1×

Shareholder returns

Dividend yield (dividends paid, TTM)
6.40%
Net buyback yield (TTM)
3.50%
Shareholder yield
9.91%
Share count change, 1 year
-0.7%
Share count change, 3-year CAGR
+0.0%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
1
Beats in the last 8 reports
5 of 8
Average EPS surprise, last 4
+32.9%
Average 2-day reaction, last 8
+0.8%
Positive 20 days after report
3 of 8

Analysts

Consensus price target
$88.00
Target vs current price
+32.5%
Analysts with a rating
47
Share rating Buy or Strong Buy
53%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 22, 2026+76.7%+1.7%-0.6%-2.8%—
Apr 22, 2026-9.7%+1.3%+1.5%+8.7%-6.8%
Feb 4, 2026+23.2%+2.0%+0.2%+8.0%+5.2%
Oct 22, 2025+41.2%-1.0%-4.1%-7.7%-7.9%
Jul 23, 2025+22.7%-0.5%-0.8%-7.1%-11.1%
Apr 30, 2025-641.2%+2.0%+2.6%-3.9%+7.5%
Mar 13, 2025-2590.9%-0.2%+9.5%+0.3%+3.8%
Oct 16, 2024+4.3%+1.2%-4.0%-10.5%-25.0%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 22, 2026$0.69$0.39+76.7%$1.01B
Apr 22, 2026$0.34$0.38-9.7%$1.01B
Feb 4, 2026$0.68$0.55+23.2%$1.07B
Oct 22, 2025$0.74$0.52+41.2%$1.07B
Jul 23, 2025$0.67$0.55+22.7%$1.06B
Apr 30, 2025-$1.07$0.20-641.2%$1.06B
Mar 13, 2025-$10.96$0.44-2590.9%$1.65B
Oct 16, 2024$0.70$0.67+4.3%$1.65B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)27.0×37.6×6thTop 43%
P/E (forward)34.6×———
EV / EBITDA18.9×——Bottom 34%
EV / Sales12.35×——Bottom 26%
Free-cash-flow yield8.29%——Top 32%
Earnings yield3.70%——Top 43%

P/E over the past five years

Range 25.9× – 86.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-3.4%
200-day average slope (20 days)
-2.2%
Distance from 50-day average
-10.1%
Distance from 200-day average
-19.9%
RSI (14)
26.2
Relative volume
0.82×

Risk and drawdowns

Volatility, 60 days (annualized)
28.0%
Volatility vs own 5-year history
59th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.11
Correlation with S&P 500
0.06
Current drawdown from 1-year high
-32.8%
Maximum drawdown, 3 years
-45.0%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Dec 31, 2021Oct 1, 2026-68.3%1191 daysNot yet recovered
Jul 20, 2021Oct 18, 2021-17.4%63 days48 days (Dec 27, 2021)
Dec 1, 2020Mar 8, 2021-14.1%65 days14 days (Mar 26, 2021)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$29.03B
P/E (TTM)
27.0
EPS, diluted (TTM)
$2.46
Revenue (TTM)
$4.16B
Dividend yield
6.40%
52-week range
$65.68 – $100.50
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$6.34B$6.99B$6.98B$6.57B$4.26B
Gross profit$4.35B$4.92B$5.00B$4.72B$2.82B
Operating income$2.00B$2.42B$2.37B-$2.94B$2.08B
Net income$1.10B$1.68B$1.50B-$3.90B$444.0M
EPS (diluted)$2.53$3.86$3.46-$8.98$1.02
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$1.65B$1.65B$1.06B$1.06B$1.07B$1.07B$1.01B$1.01B
Net income$303.0M-$4.77B-$464.0M$291.0M$323.0M$294.0M$151.0M$307.0M
EPS (diluted)$0.70-$10.96-$1.06$0.67$0.74$0.67$0.34$0.71
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$2.73B$2.88B$3.13B$2.94B$3.06B
Capital expenditure-$1.23B-$1.31B-$1.42B-$1.22B-$182.0M
Free cash flow$1.50B$1.57B$1.70B$1.72B$2.88B
Dividends paid-$2.37B-$2.60B-$2.72B-$2.73B-$2.08B
Net share buybacks-$70.0M-$65.0M-$30.0M-$33.0M-$23.0M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$1.04B
Total assets
$21.51B
Total liabilities
$24.78B
Total debt
$23.40B
Net debt
$22.36B
Shareholders’ equity
-$3.27B

As of Jun 30, 2026 (filed Aug 5, 2026).

Dividends

Ex-dateAmountPaid
Sep 15, 2026$1.06Sep 30, 2026
Jun 15, 2026$1.06Jun 30, 2026
Mar 13, 2026$1.06Mar 31, 2026
Dec 15, 2025$1.06Dec 31, 2025
Sep 15, 2025$1.06Sep 30, 2025
Jun 13, 2025$1.06Jun 30, 2025
Mar 14, 2025$1.57Mar 31, 2025
Dec 13, 2024$1.57Dec 31, 2024

Short interest

Shares sold short
9,782,773
Days to cover
3.09
Change vs previous report
+0.6%

FINRA short interest, settlement date Sep 15, 2026.