Crown Castle (CCI) stock
Real Estate · Telecom Tower REITs
Crown Castle (CCI) is a Telecom Tower REITs company in the Real Estate sector, headquartered in Houston, Texas. As of October 23, 2026, CCI closed at $85.97, a market capitalization of $37.57 billion, the 285th largest company in the S&P 500. Over the last twelve months it generated $4.08 billion in revenue (-7% year over year) and $2.41 billion in free cash flow. The stock trades at 34.5x trailing earnings and 29.4x forward earnings.
- 1-year total return: -8.0% (dividends reinvested)
- 5-year return: -9.3% a year
- 52-week range: $65.32 – $98.36
- Gross margin 73.7%, operating margin 47.4%
- Dividend yield: 4.94%
- FI Handbook report card: C+ across 9 metrics
- 11th largest of 30 Real Estate stocks in the S&P 500
CCI price chart
1Y price change: -12.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| CCI | +22.4% | +0.5% | -8.0% | +5.3% | -9.3% | +3.3% | +9.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1998.
CCI key statistics
- Market cap
- $37.6B
- #285 in S&P 500
- P/E (TTM)
- 34.5x
- Forward P/E
- 29.4x
- EPS (TTM)
- $2.49
- Revenue (TTM)
- $4.1B
- -7%
- Free cash flow
- $2.4B
- Gross margin
- 73.7%
- Operating margin
- 47.4%
- Return on equity
- —
- Dividend yield
- 4.94%
- 52-week range
- $65.32 – $98.36
- Beta
- 0.96
- Price / sales
- 9.2x
- EV / EBITDA
- 22.5x
- Debt / equity
- —
- Employees
- 1,500
CCI report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-7.2%F
- Gross margin73.7%A
- Operating margin47.4%A
- FCF margin58.9%A
- Return on equity——
- Net debt / EBITDA8.6xF
- Forward P/E29.4xD
- PEG ratio0.6xA
- Shareholder yield5.0%A
- Share count change / yr0.6%D
Crown Castle financials
Revenue went from $688.0M in fiscal 2016 to $215.0M in fiscal 2025, shrinking 12.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $688.0M | $521.0M | $574.0M | $670.0M | $520.0M | $621.0M | $697.0M | $421.0M | $192.0M | $215.0M |
| Gross profit | $271.0M | $122.0M | $140.0M | $146.0M | $72.0M | $182.0M | $231.0M | $117.0M | $85.0M | $102.0M |
| Operating income | $949.0M | $967.0M | $1.4B | $1.6B | $1.9B | $2.0B | $2.4B | $2.1B | $2.1B | $2.1B |
| Net income | $357.0M | $444.6M | $622.0M | $860.0M | $1.1B | $1.1B | $1.7B | $1.5B | -$3.9B | $444.0M |
| EPS (diluted) | $0.95 | $0.80 | $1.23 | $1.79 | $2.35 | $2.53 | $3.86 | $3.46 | $-8.98 | $1.01 |
| Free cash flow | $913.0M | $3.2B | $761.0M | $641.0M | $1.4B | $1.6B | $1.6B | $2.9B | $2.8B | $2.9B |
| Buybacks | $25.0M | -$23.0M | $34.0M | $44.0M | $76.0M | $70.0M | -$65.0M | -$30.0M | -$33.0M | -$23.0M |
| Dividends paid | $1.2B | -$1.5B | $1.8B | $1.9B | $2.1B | $2.4B | -$2.6B | -$2.7B | -$2.7B | -$2.1B |
| Diluted shares | 341.0M | 383.0M | 415.0M | 418.0M | 425.0M | 434.0M | 434.0M | 434.0M | 434.0M | 437.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into CCI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $60.4B and $2.4B of trailing free cash flow, Crown Castle needs to grow free cash flow about 16.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 15.0% a year over the last five years.
P/E ratio history
Current 85.1x vs. median 88.9x (10th–90th percentile 26.1x–139.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
CCI dividend
- Dividend yield
- 4.94%
- Annual dividend
- $4.25
- Years of increases
- —
- 5-yr dividend growth
- -0.7%
- per year
- Payout ratio
- 173%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
CCI analyst price targets
21 analysts' average 12-month target is $93.50 (+9% vs. $85.97). Targets range from $80.00 to $120.00.
CCI earnings
Next report: February 3, 2027.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 21, 2026 | $0.69 | $0.67 | -2.3% |
| Jul 22, 2026 | $0.51 | $0.69 | +36.1% |
| Apr 22, 2026 | $0.47 | $0.50 | +6.2% |
| Feb 4, 2026 | $0.58 | $0.63 | +8.8% |
| Oct 22, 2025 | $0.51 | $0.64 | +24.6% |
| Jul 23, 2025 | $0.51 | $0.61 | +19.6% |
| Apr 30, 2025 | $-0.05 | $0.65 | +1485.3% |
| Mar 13, 2025 | $0.42 | $0.73 | +74.1% |
Stocks like CCI
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 AMT American Tower Corporation (REI | +4.08% | +3% | $88.1B | 26.0x | Compare |
 SBAC SBA Communications | +3.57% | -3% | $19.6B | 19.9x | Compare |
 WELL Welltower | -0.03% | +37% | $171.0B | 106.4x | Compare |
 PLD Prologis | -0.17% | +4% | $122.9B | 28.1x | Compare |
 EQIX Equinix | +0.25% | +17% | $94.2B | 61.5x | Compare |
 SPG Simon Property | -0.19% | +24% | $80.3B | 14.9x | Compare |
 DLR Digital Realty Trust | +0.84% | +1% | $65.1B | 83.7x | Compare |
 PSA Public Storage | +0.25% | +5% | $57.9B | 29.6x | Compare |
CCI news
- Crown Castle (CCI) Shares Just Climbed, So What Is Driving Attention Now? · Oct 24, 2026
- SpaceX Cell Site Report Hits Verizon, AT&T, Lifts These Tower Plays · Oct 23, 2026
- Crown Castle Soars 12% on Reported SpaceX Talks for 80,000 Cell Sites: “A Point of No Return” · Oct 23, 2026
- Crown Castle Stock and Others Get a Huge Boost From SpaceX’s Cell Tower Push · Oct 23, 2026
- SpaceX eyes purchase of 80,000 cell tower sites in latest telecom push · Oct 23, 2026
CCI stock FAQ
What is CCI's market cap?
Crown Castle's market capitalization is $37.57 billion as of October 23, 2026, ranking 285th in the S&P 500.
What is CCI's P/E ratio?
CCI trades at a trailing price-to-earnings ratio of 34.5x and a forward P/E of 29.4x. Its median P/E over the period we track is 88.9x.
Does CCI pay a dividend?
Yes. Crown Castle pays $4.25 per share a year, a 4.94% yield. Dividends fell 0.7% a year over the last five years.
How much has CCI stock returned?
Including reinvested dividends, CCI returned -8.0% over one year, -9.3% a year over five years, +3.3% a year over ten years through October 23, 2026.
Is CCI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Crown Castle must grow free cash flow about 16% a year for the next decade. Its free cash flow grew 15% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the CCI price target?
21 analysts cover CCI with an average 12-month price target of $93.50, +9% from the current price.
When does CCI report earnings?
Crown Castle is expected to report earnings on February 3, 2027.
How many employees does Crown Castle have?
Crown Castle has about 1,500 full-time employees, or $2.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology