Income StatementBalance SheetCash FlowSegments
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Crown Castle Income Statement

Revenue, expenses, and profitability over time

Crown Castle generated $4.2B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $1.1B with a 25.14% net margin. Gross margin stands at 97.37% and operating margin at 47.92%. Diluted EPS is $2.42, which grew 1.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.2BGross Profit (TTM)$4.1BOperating Income (TTM)$2.0BNet Income (TTM)$1.1BEps Diluted (TTM)$2.42
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$38.1B
P/E Ratio35.98
ROE-66.75%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted earnings per share from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Basic EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from discontinued operations-$11.7-$1.7$0.1$0.1$0.0-$0.2
Basic earnings per share$-10.98$-1.07$0.67$0.74$0.68$0.34
Basic EPS from continuing operations$0.71$0.65$0.61$0.64$0.63$0.50
Basic EPS from discontinued operations$-11.69$-1.72$0.06$0.10$0.00$-0.16
Diluted earnings per share$-10.97$-1.07$0.67$0.74$0.67$0.34
Continuing operations (in dollars per share)$0.7$0.7$0.6$0.6$0.6$0.5
Continuing operations (in dollars per share)$0.7$0.7$0.6$0.6$0.6$0.5
EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
Basic EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from discontinued operations$-11.69$-1.72$0.06$0.10$0.00$-0.16
Basic EPS from Discontinued Operations-$11.7-$1.7$0.1$0.1$0.0-$0.2
Diluted EPS from Discontinued Operations-$11.7-$1.7$0.1$0.1$0.0-$0.2
Basic EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Diluted EPS from Continuing Operations$0.7$0.7$0.6$0.6$0.6$0.5
EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Discontinued operations per basic share-$11.7-$1.7$0.1$0.1$0.0-$0.2
Discontinued operations per diluted share-$11.7-$1.7$0.1$0.1$0.0-$0.2
Basic EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Weighted-average shares, basic—435M435M435M—436M
Weighted-average shares, diluted—436M437M437M—437M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Impairment Losses$0.0$2.0M$2.0M$3.0M$4.0M$3.0M
Other Charges-$24.0M$1.0M$2.0M$0.0$0.0-$1.0M
Interest income$6.0M$3.0M$4.0M$3.0M$3.0M$3.0M
Other income (expense), net-$23.0M$1.0M$2.0M$0.0$0.0-$1.0M
Interest expense on debt-$1.6B$236.0M$243.0M$247.0M$246.0M$242.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other comprehensive income (loss), net of tax$0.0$0.0$0.0$1.0M-$1.0M$0.0
Other comprehensive income (loss), after-tax$0.0$0.0$0.0$1.0M-$1.0M$0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$4.8B-$464.0M$291.0M$324.0M$293.0M$151.0M
Depreciation, Amortization and Accretion, Net$184.0M$177.0M$175.0M$167.0M$171.0M$172.0M
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax$0.0-$830.0M-$252.0M-$231.0M-$262.0M-$345.0M
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$309.0M$284.0M$265.0M$277.0M$277.0M$220.0M
Debt$240.0M$236.0M$243.0M$247.0M$246.0M$242.0M
Net income (loss) from discontinued operations, net of tax-$5.1B-$748.0M$26.0M$46.0M$0.0-$69.0M
Foreign currency translation gains (losses)$0.0$0.0$0.0$1.0M-$1.0M$0.0
Other comprehensive income (loss)$0.0$0.0$0.0$1.0M-$1.0M$0.0
Other income, net (Note 6)-$24.0M$1.0M$2.0M$0.0$0.0-$1.0M
Revenue From Contract With Customer Excluding Assessed Tax$49.0M$50.0M$52.0M$60.0M$53.0M$49.0M
Foreign Currency Translation Adjustment, Net of Tax$0.0$0.0$0.0$1.0M-$1.0M$0.0
Other Comprehensive Income (Loss)-$4.8B-$464.0M$291.0M$324.0M$293.0M$151.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$437.0M$177.0M$175.0M$167.0M$171.0M$172.0M
Impairment charges$124.0M$2.0M$2.0M$3.0M$4.0M$3.0M
Impairment of Goodwill and Purchased Intangible Assets$0.0$2.0M$2.0M$3.0M$4.0M$3.0M
Other Segment Items-$24.0M$1.0M$2.0M$0.0$0.0-$1.0M
Goodwill and indefinite-lived intangible asset impairment$0.0$2.0M$2.0M$3.0M$4.0M$3.0M
Restructuring charges$2.0M$0.0$0.0$0.0$0.0$14.0M
Selling, general and administrative$92.0M$93.0M$99.0M$97.0M$94.0M$90.0M
Total operating expenses$548.0M$540.0M$554.0M$547.0M$548.0M$545.0M
Lease Costs$244.0M$240.0M$251.0M$250.0M$251.0M$240.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from discontinued operations$0.0-$830.0M-$252.0M-$231.0M-$262.0M-$345.0M
Net income-$4.8B-$464.0M$291.0M$323.0M$294.0M$151.0M
Income from continuing operations$309.0M$284.0M$265.0M$277.0M$277.0M$220.0M
Income from Continuing Operations Attributable to Common Shareowners$0.7$0.7$0.6$0.6$0.6$0.5

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.1B$1.0B$1.0B$1.0B$1.0B$984.0M
Operating income$571.0M$521.0M$506.0M$525.0M$523.0M$465.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$313.0M$289.0M$269.0M$281.0M$280.0M$225.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$4.0M$5.0M$4.0M$4.0M$3.0M$5.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Site Rental$1.6B$1.0B$1.0B$1.0B$1.0B$961.0M
Total revenue$1.1B$1.1B$1.1B$1.1B$1.1B$1.0B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$26.0M$28.0M$27.0M$30.0M$28.0M$26.0M