CCI (Crown Castle Inc.) Stock Financials & Earnings | Market Cap Arena

CCI (Crown Castle Inc.) Stock Financials & Earnings | Market Cap Arena

CCICrown Castle Inc.

Mkt Cap$39B

Real Estate·REIT - Specialty·🇺🇸 United States·NYSE

Revenue (TTM)$4.3B

Net Income (TTM)$444M

EPS (TTM)$1.02

Free Cash Flow (TTM)$2.9B

Gross Margin66.1%

Op. Margin48.7%

Net Margin10.4%

FCF Margin67.4%

P/S Ratio (TTM)9.1x

P/E Ratio (TTM)87.3x

YoY Rev Growth-22.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.8B	$1.3B	$628M
Q2 23	$1.9B	$1.3B	$667M
Q3 23	$1.7B	$1.2B	$486M
Q4 23	$1.7B	$1.2B	$588M
Q1 24	$1.1B	$842M	$520M
Q2 24	$1.1B	$833M	$495M
Q3 24	$1.7B	$1.2B	$544M
Q4 24	$1.6B	$1.2B	-$4.5B
Q1 25	$1.1B	$793M	$521M
Q2 25	$1.1B	$782M	$506M
Q3 25	$1.1B	$792M	$525M
Q4 25	$1.1B	$451M	$527M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.5x	23.2x
Q2 23	5.4x	22.7x
Q3 23	5.5x	25.0x
Q4 23	5.6x	25.8x
Q1 24	6.1x	27.8x
Q2 24	7.0x	32.6x
Q3 24	7.0x	31.6x
Q4 24	7.0x	—
Q1 25	7.1x	—
Q2 25	7.1x	—
Q3 25	8.0x	—
Q4 25	9.1x	87.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$606M	$265M
Q2 23	$1.1B	$740M
Q3 23	$533M	$186M
Q4 23	$868M	$511M
Q1 24	$599M	$279M
Q2 24	$768M	$439M
Q3 24	$699M	$402M
Q4 24	$877M	$601M
Q1 25	$641M	$601M
Q2 25	$832M	$792M
Q3 25	$714M	$671M
Q4 25	$870M	$811M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$341M
Q2 23	$379M
Q3 23	$347M
Q4 23	$357M
Q1 24	$320M
Q2 24	$329M
Q3 24	$297M
Q4 24	$276M
Q1 25	$40M
Q2 25	$40M
Q3 25	$43M
Q4 25	$59M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+1.8%	+1.9%
Q2 23	+7.7%	+5.2%
Q3 23	-4.5%	+3.2%
Q4 23	-5.1%	-5.7%
Q1 24	-37.2%	-48.1%
Q2 24	-40.7%	-49.0%
Q3 24	-0.9%	-6.2%
Q4 24	-1.5%	+466.7%
Q1 25	-4.8%	-9.1%
Q2 25	-4.2%	-9.5%
Q3 25	-35.1%	-50.6%
Q4 25	-35.0%	-91.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$41M	2.3%
Q2 23	$50M	2.7%
Q3 23	$35M	2.1%
Q4 23	$31M	1.9%
Q1 24	$24M	2.2%
Q2 24	$40M	3.6%
Q3 24	$30M	1.8%
Q4 24	$23M	1.4%
Q1 25	$18M	1.7%
Q2 25	$18M	1.7%
Q3 25	$19M	1.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$195M
Q2 23	$210M
Q3 23	$176M
Q4 23	$178M
Q1 24	$114M
Q2 24	$136M
Q3 24	$153M
Q4 24	$166M
Q1 25	$93M
Q2 25	$99M
Q3 25	$97M
Q4 25	$94M

Revenue Segments

Quarter	Fiber	Towers
Q1 23	$546M	$1.2B
Q2 23	$663M	$1.2B
Q3 23	$507M	$1.2B
Q4 23	$531M	$1.1B
Q3 24	$535M	$1.1B
Q4 24	$529M	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$187M	$0	$187M
Q2 23	$276M	$0	$276M
Q3 23	$117M	$0	$117M
Q4 23	$105M	$0	$105M
Q1 24	$125M	$0	$125M
Q2 24	$155M	$0	$155M
Q3 24	$194M	$0	$194M
Q4 24	$119M	$0	$119M
Q1 25	$60M	$0	$60M
Q2 25	$94M	$0	$94M
Q3 25	$233M	$0	$233M
Q4 25	$269M	$0	$269M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	434M	+0.0%
Q2 23	434M	+0.0%
Q3 23	434M	+0.0%
Q4 23	434M	+0.0%
Q1 24	435M	+0.2%
Q2 24	435M	+0.0%
Q3 24	436M	+0.2%
Q4 24	434M	-0.5%
Q1 25	436M	+0.5%
Q2 25	437M	+0.2%
Q3 25	437M	+0.0%
Q4 25	437M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	2K
FY 15	$1M	3K
FY 16	$1M	3K
FY 17	$946K	5K
FY 18	$1M	5K
FY 19	$1M	5K
FY 20	$1M	5K
FY 21	$1M	5K
FY 22	$1M	5K
FY 23	$1M	5K
FY 24	$2M	4K
FY 25	$1M	4K