FN2 Earnings Intelligence
Crown Castle Inc. financials
Crown Castle Inc. (CCI) financial statements and key operating metrics from FN2 Research.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $292 | $156 | $105 | $119 | $99 | - | - |
| + Debt | $20,701 | $22,548 | $23,756 | $24,691 | $27,120 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $6,340 | $6,986 | $6,981 | $6,568 | $4,264 | $4,045.2 | $4,097.2 |
| % Growth | 8.6% | 10.2% | -0.1% | -5.9% | -35.1% | -5.1% | 1.3% |
| Gross Profit | $5,901 | $4,962 | $5,046 | $4,762 | $4,151 | - | - |
| % Margin | 93.1% | 71.0% | 72.3% | 72.5% | 97.3% | - | - |
| EBITDA | $3,201 | $3,625 | $3,669 | -$1,638 | $2,563 | - | - |
| % Margin | 50.5% | 51.9% | 52.6% | -24.9% | 60.1% | - | - |
| Net Income | $1,096 | $1,675 | $1,502 | -$3,903 | $444 | - | - |
| % Margin | 17.3% | 24.0% | 21.5% | -59.4% | 10.4% | - | - |
| Diluted EPS | $2.53 | $3.86 | $3.46 | -$8.98 | $1.01 | $2.00 | $2.86 |
| % Growth | 7.7% | 52.6% | -10.4% | -359.5% | 111.2% | 97.8% | 43.4% |
| Operating Cash Flow | $2,789 | $2,878 | $3,126 | $2,943 | $3,057 | - | - |
| CapEx | $1,229 | $1,310 | $1,424 | $1,222 | $182 | - | - |
| Free Cash Flow | $1,560 | $1,568 | $1,702 | $1,721 | $2,875 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $6,340 | $6,986 | $6,981 | $6,568 | $4,264 | $4,045.2 | $4,097.2 |
| Gross Profit | $5,901 | $4,962 | $5,046 | $4,762 | $4,151 | - | - |
| EBITDA | $3,201 | $3,625 | $3,669 | -$1,638 | $2,563 | - | - |
| Net Income | $1,096 | $1,675 | $1,502 | -$3,903 | $444 | - | - |
| Diluted EPS | $2.53 | $3.86 | $3.46 | -$8.98 | $1.01 | $2.00 | $2.86 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $292 | $156 | $105 | $119 | $99 |
| Short-term Debt | $72 | $819 | $835 | $610 | $2,783 |
| Long-term Debt | $20,629 | $21,729 | $22,921 | $24,081 | $24,337 |
| Total Debt | $20,701 | $22,548 | $23,756 | $24,691 | $27,120 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,789 | $2,878 | $3,126 | $2,943 | $3,057 |
| Capital Expenditure | $1,229 | $1,310 | $1,424 | $1,222 | $182 |
| Free Cash Flow | $1,560 | $1,568 | $1,702 | $1,721 | $2,875 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 8.6% | 10.2% | -0.1% | -5.9% | -35.1% |
| Gross Margin | 93.1% | 71.0% | 72.3% | 72.5% | 97.3% |
| EBITDA Margin | 50.5% | 51.9% | 52.6% | -24.9% | 60.1% |
| Net Margin | 17.3% | 24.0% | 21.5% | -59.4% | 10.4% |
| FCF Margin | 24.6% | 22.4% | 24.4% | 26.2% | 67.4% |
| Diluted EPS Growth | 7.7% | 52.6% | -10.4% | -359.5% | 111.2% |