Crown Castle Inc. (CCI) stock
CCINYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 7/3039% above fair value
$89.69+0.63 (+0.71%)
Close on Nov 12, 2026Market cap $38.16BP/E 47.2Yield 5.30%
Crown Castle operating margin
Operating margin is operating income as a percentage of revenue.
Crown Castle's operating margin for the twelve months ending Sep 30, 2026 was 47.1%. For fiscal 2025 it was 48.7%, against 47.5% the year before. The highest annual figure on record is 48.7% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 48.7% | +1.2 |
| FY2024 | Dec 31, 2024 | 47.5% | +3.2 |
| FY2023 | Dec 31, 2023 | 44.3% | +9.6 |
| FY2022 | Dec 31, 2022 | 34.7% | +3.2 |
| FY2021 | Dec 31, 2021 | 31.6% | −0.3 |
| FY2020 | Dec 31, 2020 | 31.9% | +4.8 |
| FY2019 | Dec 31, 2019 | 27.1% | +1.3 |
| FY2018 | Dec 31, 2018 | 25.8% | +3.0 |
| FY2017 | Dec 31, 2017 | 22.7% | −1.5 |
| FY2016 | Dec 31, 2016 | 24.2% | −1.6 |
| FY2015 | Dec 31, 2015 | 25.8% | −0.8 |
| FY2014 | Dec 31, 2014 | 26.6% | −4.1 |
| FY2013 | Dec 31, 2013 | 30.7% | −3.6 |
| FY2012 | Dec 31, 2012 | 34.3% | +0.3 |
| FY2011 | Dec 31, 2011 | 34.1% | +3.4 |
| FY2010 | Dec 31, 2010 | 30.6% | +4.9 |
| FY2009 | Dec 31, 2009 | 25.7% | +6.6 |
| FY2008 | Dec 31, 2008 | 19.2% | +12.0 |
| FY2007 | Dec 31, 2007 | 7.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 46.7% | −2.2 |
| Q2 FY2026 | Jun 30, 2026 | 46.6% | −1.1 |
| Q1 FY2026 | Mar 31, 2026 | 46.0% | −3.1 |
| Q4 FY2025 | Dec 31, 2025 | 48.8% | −2.1 |
| Q3 FY2025 | Sep 30, 2025 | 49.0% | +1.5 |
| Q2 FY2025 | Jun 30, 2025 | 47.7% | +3.0 |
| Q1 FY2025 | Mar 31, 2025 | 49.1% | +2.4 |
| Q4 FY2024 | Dec 31, 2024 | 50.9% | +32.1 |
| Q3 FY2024 | Sep 30, 2024 | 47.5% | +18.3 |
| Q2 FY2024 | Jun 30, 2024 | 44.7% | +9.0 |
| Q1 FY2024 | Mar 31, 2024 | 46.7% | +11.3 |
| Q4 FY2023 | Dec 31, 2023 | 18.9% | −15.8 |
| Q3 FY2023 | Sep 30, 2023 | 29.2% | −5.3 |
| Q2 FY2023 | Jun 30, 2023 | 35.7% | +1.5 |
| Q1 FY2023 | Mar 31, 2023 | 35.4% | −0.1 |
| Q4 FY2022 | Dec 31, 2022 | 34.7% | +3.1 |
| Q3 FY2022 | Sep 30, 2022 | 34.5% | +2.0 |
| Q2 FY2022 | Jun 30, 2022 | 34.2% | +2.3 |
| Q1 FY2022 | Mar 31, 2022 | 35.5% | +5.3 |
| Q4 FY2021 | Dec 31, 2021 | 31.6% | −14.1 |
| Q3 FY2021 | Sep 30, 2021 | 32.5% | +3.3 |
| Q2 FY2021 | Jun 30, 2021 | 31.9% | +5.3 |
| Q1 FY2021 | Mar 31, 2021 | 30.2% | +4.6 |
| Q4 FY2020 | Dec 31, 2020 | 45.7% | +19.1 |
| Q3 FY2020 | Sep 30, 2020 | 29.2% | +0.7 |
| Q2 FY2020 | Jun 30, 2020 | 26.6% | −0.3 |
| Q1 FY2020 | Mar 31, 2020 | 25.6% | −0.4 |
| Q4 FY2019 | Dec 31, 2019 | 26.6% | +1.2 |
| Q3 FY2019 | Sep 30, 2019 | 28.5% | +2.5 |
| Q2 FY2019 | Jun 30, 2019 | 26.9% | +5.3 |
| Q1 FY2019 | Mar 31, 2019 | 26.1% | +1.5 |
| Q2 FY2018 | Sep 30, 2018 | 25.3% | +0.4 |
| Q1 FY2018 | Mar 31, 2018 | 26.1% | +0.8 |
| Q4 FY2017 | Dec 31, 2017 | 21.6% | −3.8 |
| Q3 FY2017 | Sep 30, 2017 | 24.6% | −0.1 |
| Q2 FY2017 | Jun 30, 2017 | 25.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 25.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 25.4% | – |
| Q3 FY2016 | Sep 30, 2016 | 24.6% | – |
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