Crown Castle Inc. (CCI) Stock

Crown Castle Inc. (CCI) is a Real Estate stock trading at $75.97 (as of 2026-08-14), with a market capitalization of $32.32B and a trailing P/E of 37.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

Understand Crown Castle Inc.: how it makes money

Crown Castle owns and leases communications infrastructure, operating more than 40,000 cell towers and approximately 80,000 route miles of fiber that support small cells and fiber solutions, and it makes money through recurring site rental and related leasing revenues.

The core profit engine is recurring leasing revenue tied to operating and expanding a large, in-service tower and fiber footprint, with reported results affected by lease-related accounting timing and contract events (for example, prepaid and straight-line adjustments, and Sprint cancellations).

Business quality (Mixed): Business description and operating KPI labels are clear, but the provided data does not include a clean, mutually exclusive official segment revenue breakdown that sums to the stated total revenue.

Valuation: At 38× earnings, CCI trades 14% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Large, nationwide infrastructure footprint: The company operates a portfolio of more than 40,000 cell towers and approximately 80,000 to 85,000 fiber route miles supporting small cells and fiber solutions across major U.S. markets.
Revenue linked to recurring leasing activity: The KPI set highlights Site Rental Revenues as the main operating revenue driver, consistent with leasing a persistent network of towers and fiber.

Bear case

Lease and billing mix can affect reported results: The data includes “Other Billings Decrease” (percent) and small items tied to Sprint cancellations and straight-line or prepaid rent amortization, which can move results even when the footprint remains intact.
Reported fiber and small-cell metrics may not translate directly into near-term leasing revenue: The KPI set includes multiple portfolio and build metrics (for example, fiber route miles in the portfolio, and small cells on air), but only some items are labeled as revenue components, so operational progress may not immediately show up as higher Site Rental Revenues in any single quarter.

Valuation — source: SEC EDGAR (first-party)
Price	$75.97
Market Cap	$32.32B
P/E Ratio	37.5
EV / EBITDA	12.5
Price / Sales	7.77
FCF Yield	7.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$4.26B
Net Margin	10.4%
Revenue Growth (YoY)	-4.9%
EPS Growth (YoY)	-67.2%
FCF Growth (YoY)	-40.4%

Financial Health — source: SEC EDGAR
Altman Z-Score	-0.07 (distress)
Piotroski F-Score	4/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	37.5
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	34.8
vs Sector	38.1%
vs Industry	7.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($6.20B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Real Estate
Industry	Trading
CEO	Christian H. Hillabrant
Employees	3,900
Country	US
IPO Date	1998-08-18

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-14.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.