Crown Castle Inc. (CCI)

NYSE: CCI · USD

$87.8

-0.11 (-0.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-07

Our latest published analysis: CCI rated Sell

Crown Castle Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$51.0 / share

Potential value

$56.1 / share

Upside to FV

-25.3%

from $87.8

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$29.1B
Revenue (ttm)	4.1B
Net income (ttm)	822M
EPS (ttm)	$1.90
Shares out	426M
P/E (trailing)	46.3x
P/E (forward)	21.2x
Dividend	$4.25 (4.82%)
Volume	4,797,128
Beta	0.96

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4.1B
Net income (ttm): 822M
EPS (ttm): $1.90
P/E (trailing): 46.3x
P/E (forward): 21.2x
Market cap: $29.1B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$621.0M	$697.0M	$421.0M	$192.0M	$215.0M	-23.3%
Gross profit	$4.35B	$4.92B	$5.00B	$4.72B	$2.82B	-10.3%
Operating income	$2.00B	$2.43B	$2.10B	$2.12B	$2.08B	+0.9%
Net income	$1.10B	$1.68B	$1.50B	$-3.90B	$444.0M	-20.2%
EPS (diluted)	$2.53	$3.86	$3.46	$-8.98	$1.01	-20.5%
EBITDA	$3.46B	$4.07B	$4.10B	$-1.24B	$2.77B	-5.4%
R&D	$0	$0	$0	—	—	+7.6%
SG&A	$680.0M	$750.0M	$502.0M	$435.0M	$383.0M	-13.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	Giảm
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	Giữ
CPT	Camden Property Trust	10.3B	32.3x	6.6x	3.2%	+7.7%	-0.6%	Mua
DLR	Digital Realty Trust, Inc.	68B	86.6x	10.0x	2.4%	+9.3%	+3.7%	Bán
DOC	Healthpeak Properties, Inc.	13B	53.8x	4.4x	2.5%	+10.5%	+3.0%	Mua mạnh
EQIX	Equinix Inc.	99.7B	65.0x	10.1x	5.6%	+11.2%	+21.2%	Giảm

Base and Bull scenarios

Base55%

Price target

$51.00

-25.3% from spot

The Base case reflects Crown Castle's core operational reality as a pure-play U.S. tower REIT following its fiber divestiture. Organic billings growth is supported by contractual escalators and steady colocation, but is offset in the near term by combined DISH and Sprint churn. Ground lease buyouts gradually improve cost absorption, supporting mid-case fair value of $51.00.

Organic site rental billings growth tracks 3.4% to 3.6% YoY.
Operating margin reaches 51.5% in FY2026 and expands gradually to 54.0% by FY2030.
Recurring AFFO stabilizes in line with management guidance, supporting dividend distributions and debt reduction.
Terminal valuation anchored at 20.0x P/E and 9.5x EV/Revenue.

Bull20%

Price target

$56.07

-17.9% from spot

In the Bull case, surging mobile data demand and AI-driven uplink traffic force the Big-3 carriers to accelerate mid-band and C-band colocation across Crown Castle's macro towers. Operational efficiencies and land purchases successfully expand operating margins toward the high end of peer benchmarks, while edge compute retrofits at tower shelters generate high-margin incremental revenue.

Organic site rental billings growth accelerates to 4.5%-5.0% YoY as mobile data consumption doubles.
Discretionary land buyout investments accelerate, rapidly narrowing the 11% ground lease delta with AMT.
Terminal P/E multiple expands to 23.0x.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($51.00). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.9%	$58.6	$59.3	$60.0	$60.8	$61.7
8.4%	$53.9	$54.5	$55.1	$55.8	$56.5
8.9%	$50.0	$50.5	$51.0	$51.6	$52.2
9.4%	$46.7	$47.1	$47.5	$48.0	$48.5
9.9%	$43.8	$44.2	$44.5	$44.9	$45.4

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E21.2

P25 n/aP50 n/aP75 n/a

Trailing P/E27.5

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC5.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CCI indicators

Market & fundamental data

Available fields

259

Groups with data

Currency

USD

Showing 259 of 259 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001051470
Company name	Crown Castle Inc.
Country	United States
Country code	US
CUSIP number	22822V101
Earnings date	2026-10-21
Earnings time	amc
Employees	4,000
Employees change	100
Employees growth	2.56%
Enterprise value	$60.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1994
In index	SP500
Industry	REIT - Specialty
IPO date	1998-08-14
Is primary listing	Yes
Is SPAC	No
ISIN number	US22822V1017
Last 10-K release date	2026-02-23
Last earnings date	2026-10-21
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$37.4B
Market cap category	Large-Cap
Next earnings date	2027-02-03
Options	Yes
Price	$87.76
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	CCI
U.S. state	Texas
Website	https://www.crowncastle.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	35.24x
Average P/E ratio (10Y)	70.34x
Average P/E ratio (3Y)	42.17x
Average P/E ratio (5Y)	42.8x
Earnings yield	2.16%
EV/Earnings	73.13x
EV/EBIT	30.78x
EV/EBITDA	22.72x
EV/FCF	31.94x
EV/Sales	14.72x
FCF / EV yield	3.13%
FCF yield	5.04%
Forward EV/Sales	14.73x
Forward P/E	31.47x
Forward P/S	9.15x
Industry forward P/E	37.06x
Industry P/E	37.91x
Lynch fair value	$9.48
Lynch upside	-89.18%
P/(FCF - SBC) ratio	20.75x
P/(OCF - SBC) ratio	18.3x
P/E ratio	46.27x
P/FCF ratio	19.83x
P/FFO ratio	22.01x
P/OCF ratio	17.58x
P/S ratio	9.14x
PEG ratio	0.72x
Price/EBITDA ratio	14.11x
Sector forward P/E	30.05x
Sector P/E	41.82x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	47.82%
EBITDA margin	64.79%
Effective tax rate	1.55%
FCF margin	46.08%
Gross margin	73.68%
Operating margin	47.82%
Pretax margin	26.86%
Profit margin	20.13%
Profit per employee	$205,500
Profitable quarters	5
Profitable years	1
Revenue per employee	$1M
ROA	4.68%
ROA (5Y)	3.73%
ROCE	11.09%
ROIC	5.13%
SBC / revenue	2.03%
Tax / revenue	0.42%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (Q)	-10.53%
EPS growth (QoQ)	205.22%
EPS growth 10Y	6.91%
EPS growth 3Y	-19.08%
EPS growth 5Y	-7.96%
EPS growth years	1
Net income growth (Q)	-12.38%
Net income growth (QoQ)	201.06%
Net income growth 3Y	-19.11%
Net income growth 5Y	-8.06%
Net income growth years	1
OCF growth	-30.71%
OCF growth (Q)	-70.17%
OCF growth (QoQ)	-59.89%
OCF growth 10Y	1.63%
OCF growth 3Y	-11.84%
OCF growth 5Y	-6.54%
Revenue growth	-36.39%
Revenue growth (Q)	-7.18%
Revenue growth (QoQ)	-1.29%
Revenue growth 10Y	0.63%
Revenue growth 3Y	-16.72%
Revenue growth 5Y	-7.95%
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-241M
Depreciation and amortization	$693M
EBIT	$2B
EBITDA	$2.6B
EPS	$1.90
FCF per share	$4.42
Financing cash flow	$-9.5B
Free cash flow	$1.9B
Free cash flow minus SBC	$1.8B
Funds from operations (FFO)	$1.7B
Gross profit	$3B
Income taxes	$17M
Investing cash flow	$7.4B
Net cash flow	$50M
Net income	$822M
Operating cash flow minus SBC	$2B
Operating income	$2B
Revenue	$4.1B
Stock-based compensation	$83M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$-8.04
Debt / EBITDA	6.77
Debt / FCF	12.18
Goodwill	$5.1B
Interest coverage	2.24
Net cash (debt)	$-22.8B
Net cash / market cap	-61.05%
Net debt / EBITDA	8.61
Net debt / FCF	12.11
Piotroski F-Score	4
Property, plant and equipment	$11.5B
Shareholders' equity	$-3.4B
Tangible book value	$-9.4B
Tangible book value per share	$-22.16
Total assets	$20.6B
Total cash	$133M
Total debt	$22.9B
Total liabilities	$24B
WACC	7.33%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.16
Current ratio	0.23
Net working capital	$54M
Quick ratio	0.14
Working capital	$-2.3B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.46%
Dividend growth	-19.12%
Dividend growth (10Y)	1.84%
Dividend growth (3Y)	-12.11%
Dividend growth (5Y)	-4.39%
Dividend growth years	0
Dividend payment date	2026-09-30
Dividend payment years	13
Dividend payout frequency	Quarterly
Dividend per share	$4.25
Dividend yield	4.82%
Ex-dividend date	2026-09-15
FCF payout ratio	96.2%
Last dividend	$1.06
Payout ratio	224.08%
Shareholder yield	5.3%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-4.04%
10Y return CAGR	3.9%
10Y total return	46.6%
150-day SMA	$80.82
15Y price change	104.39%
15Y return CAGR	8.57%
15Y total return	243.34%
1D price change	-0.13%
1M price change	28.41%
1M total return	28.41%
1W price change	7.36%
1W total return	7.36%
1Y price change	-10.75%
1Y return CAGR	-6.16%
1Y total return	-6.15%
20-day SMA	$77.81
200-day SMA	$82.27
20Y price change	156.13%
20Y return CAGR	7.57%
20Y total return	330.26%
3M price change	17.51%
3M total return	19.22%
3Y price change	-3.07%
3Y return CAGR	4.44%
3Y total return	13.92%
50-day SMA	$75.24
50-day SMA vs 200-day SMA	50under200
52-week high	$95.32
52-week high date	2025-10-29
52-week low	$65.32
52-week low date	2026-10-05
5Y price change	-51.13%
5Y return CAGR	-8.94%
5Y total return	-37.39%
6M price change	4.4%
6M total return	7.15%
All-time high	$209.87
All-time high date	2021-12-31
All-time low	$1.00
All-time low date	2002-08-12
Average true range (ATR)	$3.37
Average volume	5.9M
Beta (1Y)	0.3
Beta (2Y)	0.13
Beta (5Y)	0.96
Change from 52-week high	-7.93%
Change from 52-week low	34.35%
Change from all-time high	-58.49%
Change from all-time low	8,611%
Change from open	0.13%
Day's gap	-0.25%
Dollar volume	$421M
High price	$88.31
Low price	$83.89
Monthly RSI	46.88
Open price	$87.65
Position in 52-week range	87.56%
Premarket change	-0.66%
Premarket close	$87.87
Premarket price	$87.29
Premarket volume	3.9K
Previous close	$87.87
Price vs 150-day SMA	7.78%
Price vs 20-day SMA	11.95%
Price vs 200-day SMA	5.88%
Price vs 50-day SMA	15.78%
Relative volume	0.82
RSI	71.41
Sharpe ratio	-0.12
Sharpe ratio (3Y)	0.2
Sharpe ratio (5Y)	-0.31
Sortino ratio	-0.01
Sortino ratio (3Y)	0.51
Sortino ratio (5Y)	-0.25
Volume	4.8M
Weekly RSI	57.99
YTD price change	-1.98%
YTD total return	1.86%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	425M
Float percentage	99.76%
Shares change (QoQ)	-1.84%
Shares held by insiders	0.14%
Shares held by institutions	101.48%
Shares outstanding	426M
Short % of float	2.24%
Short % of shares	2.23%
Short ratio	2.7 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	143

Deeper analysis on CCI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CCI report

What is the latest published CCI stock rating?

Crown Castle Inc. is shown with Sell in the latest published report, analyzed 2026-10-07. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CCI analysis?

The full latest published report, analyzed 2026-10-07, lives at /stocks/CCI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CCI?

The latest published report analyzed 2026-10-07 gives CCI a fair value of USD 51 and a potential value of USD 56. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CCI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-07). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellCCI · Fair value $51.0-25.3%

Read full analysis →

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	3.0
Profitability	5.5
Revenue Growth	2.5
Risk Assessment	4.5
Competitive Moat	7.5
Earnings Quality	6.0
Capital Efficiency	5.5

Crown Castle Inc. (CCI)

Our latest published analysis: CCI rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · CCI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CCI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on CCI

Frequently asked questions

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