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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 97.34% 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$40.2B
P/E Ratio37.93
ROE20.53%

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-$0.2
Basic earnings per share$-10.97$-1.07$0.67$0.74$0.68$0.34
Basic EPS from continuing operations$0.72$0.65$0.61$0.64$0.64$0.50
Basic EPS from discontinued operations$-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-$0.2
Diluted EPS from Discontinued Operations-$11.7-$1.7$0.1$0.1$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-$0.2
Discontinued operations per diluted share-$11.7-$1.7$0.1$0.1$0-$0.2
Basic EPS from continuing operations$0.7$0.7$0.6$0.6$0.6$0.5
Weighted-average shares, basic434M435M435M435M435M436M
Weighted-average shares, diluted434M436M437M437M437M437M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other comprehensive income (loss), net of tax$0$0$0$1M-$1M$0
Other comprehensive income (loss), after-tax$0$0$0$1M-$1M$0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$4.8B-$464M$291M$324M$293M$151M
Depreciation, Amortization and Accretion, Net$184M$177M$175M$167M$170M$172M
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax$0-$830M-$252M-$231M-$262M-$345M
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$309M$284M$265M$277M$277M$220M
Debt$240M$236M$243M$247M$246M$242M
Net income (loss) from discontinued operations, net of tax-$5.1B-$748M$26M$46M$0-$69M
Foreign currency translation gains (losses)$0$0$0$1M-$1M$0
Other comprehensive income (loss)$0$0$0$1M-$1M$0
Other income, net (Note 6)-$23M$1M$2M$0$0-$1M
Revenue From Contract With Customer Excluding Assessed Tax$49M$50M$52M$60M$53M$49M
Foreign Currency Translation Adjustment, Net of Tax$0$0$0$1M-$1M$0
Other Comprehensive Income (Loss)-$4.8B-$464M$291M$324M$293M$151M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$184M$177M$175M$167M$170M$172M
Impairment charges$1M$2M$2M$3M$4M$3M
Impairment of Goodwill and Purchased Intangible Assets$1M$2M$2M$3M$4M$3M
Goodwill and indefinite-lived intangible asset impairment$1M$2M$2M$3M$4M$3M
Restructuring charges$3M$0$0$0$0$14M
Selling, general and administrative$92M$93M$99M$97M$94M$90M
Total operating expenses$549M$540M$554M$547M$548M$545M
Lease Costs$243M$240M$251M$250M$251M$240M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from discontinued operations$0-$830M-$252M-$231M-$262M-$345M
Net income-$4.8B-$464M$291M$323M$294M$151M
Income from continuing operations$309M$284M$265M$277M$277M$220M
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$1B$1B$1B$1B$984M
Operating income$570M$521M$506M$525M$523M$465M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges-$23M$1M$2M$0$0-$1M
Interest income$6M$3M$4M$3M$3M$3M
Other income (expense), net-$23M$1M$2M$0$0-$1M
Interest expense on debt$240M$236M$243M$247M$246M$242M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$313M$289M$269M$281M$280M$225M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$4M$5M$4M$4M$3M$5M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Site Rental$1.1B$1B$1B$1B$1B$961M
Total revenue$1.1B$1.1B$1.1B$1.1B$1.1B$1B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$26M$28M$27M$30M$29M$26M