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Crown Castle CCI Return on invested capital

Return on invested capital at other companies

Verizon Communications logo
Verizon CommunicationsVZ
11%+2.5pp
SBA Communications logo
SBA CommunicationsSBAC
16.6%-4.6pp
Welltower logo
WelltowerWELL
4.9%+0.3pp
MTZ
MasTecMTZ
10.5%+3.8pp

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 return on invested capital?
Crown Castle (CCI) reported return on invested capital of 6.6% in Q1 2026.
How has Crown Castle's return on invested capital changed year-over-year?
Crown Castle's return on invested capital increased by 3.1% year-over-year, from 6.4% to 6.6%.
What is the long-term trend for Crown Castle's return on invested capital?
Over 4 years (2021 to 2025), Crown Castle's return on invested capital has grown at a 2.4% compound annual growth rate (CAGR), from 23.6% to 25.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.