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Crown Castle CCI Free cash flow margin

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Other financials

Income statement

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Revenue$1.0B-4.9%
Gross profit$984.0M-4.7%
Operating income$470.0M-7.1%
Net income$94.0M-67.7%
EPS (diluted)$0.22-67.2%

Balance sheet

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Cash & equivalents$1.0B+280%
Total debt$23.4B-26.4%
Total equity-$1.9B-53.2%
Total assets$21.5B-32.0%

Cash flow

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Operating cash flow$531.0M-36.2%
CapEx-$173.0M-533%
Free cash flow$358.0M-54.8%

Valuation

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Market cap$33.34B-28.6%
Enterprise value$55.71B-28.8%
P/E38.7×
P/S-2.7×

Profitability

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Gross margin97.3%-0.3pp
Operating margin47.7%-1.2pp
Net margin20.7%+11.3pp

Returns & leverage

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Return on equity20.5%-1.1pp
Debt / equity5.7×+1.3×
Current ratio0.5×+0.2×

Where this comes from

Calculated from Crown Castle’s reported figures.

Based on trailing twelve months.

The source filing: Crown Castle’s 8-K, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 4:17 PM EDT
Accession
0001051470-26-000069

FAQ

What is Crown Castle's free cash flow margin?
Crown Castle (CCI) reported free cash flow margin of 55.1% in Q2 2026.
How has Crown Castle's free cash flow margin changed year-over-year?
Crown Castle's free cash flow margin decreased by 16.6% year-over-year, from 66% to 55.1%.
What is the long-term trend for Crown Castle's free cash flow margin?
Over 4 years (2020 to 2025), Crown Castle's free cash flow margin has grown at a 28.8% compound annual growth rate (CAGR), from 24.5% to 67.4%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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