What does lease costs mean?

These are the direct costs incurred to maintain and operate the leased infrastructure assets, including depreciation of the assets themselves. This metric reflects the operational burden of managing a large-scale portfolio of physical towers and fiber networks.

Crown Castle CCI Lease Costs

Other financials

Income statement

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Revenue$1.0B-4.8%

Gross profit$984.0M-4.7%

Operating income$465.0M-10.7%

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$33.05B-23.5%

Enterprise value$65.75B-12.1%

P/E31.2×—

P/S7.9×-2.1×

Profitability

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Gross margin97.3%-0.3pp

Operating margin47.9%-0.1pp

Net margin25.1%+13.9pp

FCF margin64.7%+0.8pp

Returns & leverage

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Return on equity20.5%-1.1pp

Debt / equity5.7×+1.3×

Current ratio0.3×-0.1×

Questions, answered.

What does lease costs mean?: These are the direct costs incurred to maintain and operate the leased infrastructure assets, including depreciation of the assets themselves. This metric reflects the operational burden of managing a large-scale portfolio of physical towers and fiber networks.