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Crown Castle CCI Free cash flow yield

Free cash flow yield at other companies

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AT&TT
8.6%-1.0pp
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SBA CommunicationsSBAC
5.6%+0.8pp
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WelltowerWELL
1.4%-0.1pp
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MasTecMTZ
1%-8.9pp

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
Debt / equity5.7×+1.3×
Current ratio0.3×-0.1×

Where this comes from

Calculated from Crown Castle’s reported figures.

Based on trailing twelve months.

The official record: Crown Castle’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Crown Castle's free cash flow yield?
Crown Castle (CCI) reported free cash flow yield of 7.7% in Q1 2026.
How has Crown Castle's free cash flow yield changed year-over-year?
Crown Castle's free cash flow yield increased by 23.9% year-over-year, from 6.2% to 7.7%.
What is the long-term trend for Crown Castle's free cash flow yield?
Over 4 years (2021 to 2025), Crown Castle's free cash flow yield has grown at a 35.2% compound annual growth rate (CAGR), from 8.1% to 26.9%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.