CROWN CASTLE INC.

Listed Company

CCICIK 0001051470NYSELarge AcceleratedReal Estate Investment TrustsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.26B

Net Income

$444.00M

Total Assets

$31.52B

Equity

$-1.64B

Shares Out

436.45M

Op. Cash Flow

$3.06B

CCI$79.18−24.09% · past yearDBEQ Basic

Daily closing prices

Business

Crown Castle Inc. owns and operates shared communications infrastructure across the U.S., including towers, rooftops, small cell nodes, and fiber route miles. The company leases tower and fiber capacity to wireless carriers and other tenants under long-term contracts, generating recurring site rental revenues. Its three largest tenants—T-Mobile, AT&T, and Verizon Wireless—are major revenue sources. Crown Castle operates as a REIT and also provides ancillary site development services.

Summary from 10-K filed 2026-02-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Site rental revenues	4,049	4,268	4,313	6,289	5,719
Services and other revenues	215	192	421	697	621
Net Revenues	4,264	4,460	4,734	6,986	6,340
Site rental	992	983	961	1,602	1,554
Services and other	113	107	304	466	439
Selling, general and administrative	383	435	502	750	680
Asset write-down charges	11	11	9	34	21
Acquisition and integration costs	0	0	1	2	1
Depreciation, amortization and accretion	690	736	787	1,707	1,644
Restructuring Charges	0	70	73	0	0
Total operating expenses	2,189	2,342	2,637	4,561	4,339
Operating income (loss)	2,075	2,118	2,097	2,425	2,001
Interest expense and amortization of deferred financing costs, net	972	932	849	−699	657
Gains (losses) on retirement of long-term obligations	0	0	0	−28	−145
Interest income	13	20	15	3	1
Other income (expense)	3	−26	−5	−10	−21
Benefit (provision) for income taxes	−16	−18	−21	−16	−21
Income (loss) from continuing operations	1,103	1,162	1,237	—	—
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	916	−5,065	265	—	—
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	−1,600	0	0	0	−62
Net income (loss) from discontinued operations, net of tax	−659	−5,065	265	—	—
Net Income (Loss)	444	−3,903	1,502	—	—
Foreign currency translation adjustments	0	−1	1	−1	0
Total other comprehensive income (loss)	0	−1	1	−1	0
Comprehensive income (loss)	444	−3,904	1,503	1,674	1,096
Income (loss) from continuing operations, basic	2.53	2.68	2.85	3.87	2.68
Income (loss) from discontinued operations, basic	−1.51	−11.66	0.61	0	−0.14
Basic (in dollars per share)	1.02	−8.98	3.46	3.87	2.54
Income (Loss), Per Diluted Share	2.52	2.68	2.85	3.86	2.67
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	−1.51	−11.66	0.61	0	−0.14
Diluted (in dollars per share)	1.01	−8.98	3.46	3.86	2.53
Basic (in shares)	435	434	434	433	432
Diluted (in shares)	437	434	434	434	434
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	1,119	1,180	1,258	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	99	100	105	156	292
Restricted cash and cash equivalents	170	170	171	166	169
Receivables, net of allowance of $9 and $9, respectively	172	129	481	593	543
Prepaid expenses	79	74	103	102	105
Deferred site rental receivables, current	167	164	116	127	92
Other current assets	23	24	56	73	53
Disposal Group, Including Discontinued Operation, Assets, Current	434	429	—	—	—
Total current assets	1,144	1,090	1,032	1,217	1,254
Deferred site rental receivables	2,288	2,279	2,239	1,954	1,588
Property and equipment, net	6,273	6,577	15,666	15,407	15,269
Operating lease right-of-use assets	5,473	5,600	6,187	6,526	6,682
Goodwill	5,127	5,127	10,085	10,085	10,078
Site rental contracts and tenant relationships, net	834	1,009	3,122	3,535	3,982
Other intangible assets, net	27	28	57	61	64
Other assets, net	61	58	139	136	123
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	10,291	10,968	—	—	—
Total assets	31,518	32,736	38,527	38,921	39,040
Accounts payable	71	48	252	236	246
Accrued interest	235	244	219	183	182
Deferred revenues	192	141	605	736	776
Other accrued liabilities	168	167	342	407	401
Current maturities of debt and other obligations	2,783	603	835	819	72
Current portion of operating lease liabilities	268	264	332	350	349
Disposal Group, Including Discontinued Operation, Liabilities, Current	762	710	—	—	—
Total current liabilities	4,479	2,177	2,585	2,731	2,026
Debt and other long-term obligations	21,554	23,451	22,086	20,910	20,557
Operating lease liabilities	4,961	5,062	5,561	5,881	6,031
Other long-term liabilities	607	645	1,914	1,950	2,168
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	1,552	1,534	—	—	—
Total liabilities	33,153	32,869	32,146	31,472	30,782
Common stock, $0.01 par value; 1,200 shares authorized; shares issued and outstanding: December 31, 2025435 and December 31, 2024435	4	4	4	4	4
Additional paid-in capital	18,527	18,393	18,270	18,116	18,011
Accumulated other comprehensive income (loss)	−5	−5	−4	−5	−4
Dividends/distributions in excess of earnings	−20,161	−18,525	−11,889	−10,666	−9,753
Total equity (deficit)	−1,635	−133	6,381	7,449	8,258
Total liabilities and equity (deficit)	31,518	32,736	38,527	38,921	39,040

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs and other non-cash interest	32	32	29	17	13
Stock-based compensation expense, net	73	84	102	156	129
Deferred income tax (benefit) provision	0	4	9	3	4
Restructuring Reserve, Settled without Cash	0	10	7	0	—
Other non-cash adjustments, net	−4	23	8	5	21
Cash Provided by (Used in) Operating Activity, Discontinued Operation	1,185	1,123	1,192	0	−62
Increase (decrease) in accrued interest	−9	25	36	0	−17
Increase (decrease) in accounts payable	17	−19	−9	−5	15
Increase (decrease) in other liabilities	−55	−170	−182	−281	−118
Decrease (increase) in receivables	3	35	152	−49	−113
Decrease (increase) in other assets	11	−113	−251	−412	−113
Net cash provided by (used for) operating activities	3,057	2,943	3,126	2,878	2,789
Payments to Acquire Productive Assets	−182	−176	−243	−1,310	−1,229
Payments for acquisitions, net of cash acquired	0	−8	−96	−35	−111
Other investing activities, net	4	9	5	−7	8
Cash Provided by (Used in) Investing Activity, Discontinued Operation	−980	−1,045	−1,185	—	—
Net cash provided by (used for) investing activities	−1,158	−1,220	−1,519	−1,352	−1,332
Proceeds from issuance of long-term debt	0	1,244	3,843	748	3,985
Principal payments on debt and other long-term obligations	−118	−99	−79	−74	1,076
Purchases and redemptions of long-term debt	−1,200	−750	−750	−1,274	2,089
Borrowings under revolving credit facility	1,200	0	3,613	3,495	1,245
Payments under revolving credit facility	−255	−670	−4,248	−2,855	870
Net issuances (repayments) under commercial paper program	590	1,341	−1,241	976	−20
Payments for financing costs	0	−12	−39	−14	42
Purchases of common stock	−23	−33	−30	−65	70
Dividends/distributions paid on common stock	−2,080	−2,729	−2,723	−2,602	2,373
Net cash provided by (used for) financing activities	−1,886	−1,708	−1,654	−1,665	−1,310
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	13	15	−47	−139	—
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	0	−1	1	0	0

Filings

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Frequently asked questions

What is CROWN CASTLE INC.'s CIK number?

CROWN CASTLE INC.'s SEC CIK number is 0001051470 (1051470). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CROWN CASTLE INC.'s SEC filings?

All of CROWN CASTLE INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CROWN CASTLE INC. last report earnings?

CROWN CASTLE INC. (CCI) most recently filed an earnings 8-K with the SEC on May 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001051470-26-000052). This is CROWN CASTLE INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is CROWN CASTLE INC.'s most recent earnings 8-K?

CROWN CASTLE INC.'s latest earnings 8-K (Item 2.02) was filed May 1, 2026 under accession 0001051470-26-000052. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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