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Crown Castle CCI Operating margin

Operating margin at other companies

Verizon Communications logo
Verizon CommunicationsVZ
21.2%-0.3pp
AT&T logo
AT&TT
19.8%+4.4pp
SBA Communications logo
SBA CommunicationsSBAC
47.3%-6.6pp

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
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 operating margin?
Crown Castle (CCI) reported operating margin of 47.9% in Q1 2026.
How has Crown Castle's operating margin changed year-over-year?
Crown Castle's operating margin decreased by 0.3% year-over-year, from 48.1% to 47.9%.
What is the long-term trend for Crown Castle's operating margin?
Over 2 years (2021 to 2025), Crown Castle's operating margin has grown at a 20.7% compound annual growth rate (CAGR), from 133.7% to 194.8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.