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Crown Castle CCI Debt-to-equity

Debt-to-equity at other companies

Verizon Communications logo
Verizon CommunicationsVZ
0.5×-1.2×
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WelltowerWELL
0.0×
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0.0×

Other financials

Income statement

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Revenue$1.0B-4.8%
Gross profit$984.0M-4.7%
Operating income$465.0M-10.8%
Net income$151.0M+133%
EPS (diluted)$0.34+132%

Balance sheet

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Cash & equivalents$325.0M+16.9%
Total debt$33.0B+5.9%
Total equity-$1.9B-53.2%
Total assets$31.4B-1.2%

Cash flow

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Operating cash flow$509.0M-20.6%
CapEx$57.0M+42.5%
Free cash flow$452.0M-24.8%

Valuation

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Market cap$37.43B-21.9%
Enterprise value$70.14B-10.7%
P/E35.4×
P/S8.9×-2.0×

Profitability

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Gross margin97.3%-0.3pp
Operating margin47.9%-0.1pp
Net margin25.1%+13.9pp

Returns & leverage

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Return on equity20.5%-1.1pp
Current ratio0.3×-0.1×

Where this comes from

Calculated from Crown Castle’s reported figures.

Based on the most recent quarter.

The official record: Crown Castle’s 10-Q, filed November 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Crown Castle's debt-to-equity?
Crown Castle (CCI) reported debt-to-equity of 5.7× in Q3 2024.
How has Crown Castle's debt-to-equity changed year-over-year?
Crown Castle's debt-to-equity increased by 28.9% year-over-year, from 4.4× to 5.7×.
What is the long-term trend for Crown Castle's debt-to-equity?
Over 2 years (2021 to 2023), Crown Castle's debt-to-equity has grown at a 18.1% compound annual growth rate (CAGR), from 12.4× to 17.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.