Discontinued — last reported Q3 '24
Towers — Segment site rental gross margin
Crown Castle Towers — Segment site rental gross margin increased by 0.5% to $823.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 1.8%, from $838.00M to $823.00M. Over 2 years (FY 2021 to FY 2023), Towers — Segment site rental gross margin shows an upward trend with a 7.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher margins indicate strong pricing power and efficient site management, while lower margins suggest rising operating costs or pricing pressure.
Detailed definition
The profitability of the core tower leasing business, calculated as site rental revenue minus the direct costs of operat...
Peer comparison
Key performance indicator for all tower REITs and infrastructure providers.
cci_segment_towers_segment_site_rental_gross_marginHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $731.00M | $745.00M | $756.00M | $850.00M | $846.00M | $854.00M | $854.00M | $847.00M | $837.00M | $838.00M | $848.00M | $829.00M | $819.00M | $823.00M |
| QoQ Change | — | +1.9% | +1.5% | +12.4% | -0.5% | +0.9% | +0.0% | -0.8% | -1.2% | +0.1% | +1.2% | -2.2% | -1.2% | +0.5% |
| YoY Change | — | — | — | — | +15.7% | +14.6% | +13.0% | -0.4% | -1.1% | -1.9% | -0.7% | -2.1% | -2.2% | -1.8% |
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Frequently Asked Questions
- What is Crown Castle's towers — segment site rental gross margin?
- Crown Castle (CCI) reported towers — segment site rental gross margin of $823.00M in Q3 2024.
- How has Crown Castle's towers — segment site rental gross margin changed year-over-year?
- Crown Castle's towers — segment site rental gross margin decreased by 1.8% year-over-year, from $838.00M to $823.00M.
- What is the long-term trend for Crown Castle's towers — segment site rental gross margin?
- Over 2 years (2021 to 2023), Crown Castle's towers — segment site rental gross margin has grown at a 7.5% compound annual growth rate (CAGR), from $2.92B to $3.37B.
- What does towers — segment site rental gross margin mean?
- Profit earned from renting tower space after accounting for direct site operating costs.