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Crown CastleCCI

Telecom Tower REITs · Houston, Texas · In the S&P 500
Solid business
$88.69−0.16%After hours: $88.69 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 3.9% over 1 year
Crown Castle over 1 yearDaily close, $, to 30 Oct 2026
$70$80Nov2026MarMayJulSep$88.69$80NovMarJul$88.69
Source: Nasdaq daily closes
Market value$37.78B
Price to earnings35.7x
Forward P/E32.2x
Dividend yield4.79%
Year to date−0.2%
One year−3.9%
Next earningsNot scheduled
SectorReal Estate
52-week range (closes)
$66.12$94.49

Quality and valuation

How Crown Castle compares with other real estate stocks. A description, not a recommendation.

Crown Castle and 7 telecom tower reits peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among real estate companies, priced about in line with them.

Crown Castle trades at 32.2 times the next 12 months of expected earnings, against a median of 35.1x for the 30 real estate stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: −4.6% vs +5.5%
  • More profitable (operating margin): 47.7% vs 37.2%
  • Turns more of its sales into cash: 57.8% vs 36.0%
CCI trades at 32.2x forward earnings, below the sector medianForward p/e, Telecom Tower REITs peers
AMT27.8xSPG31.4xCCI32.2xPSA33.0xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1xAMT27.8xSPG31.4xCCI32.2xPSA33.0xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1x
Source: CNBC quotes; Mostly Markets

Financials

From Crown Castle's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue fell 4.9% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bnQ3 ’24Q1 ’25Q3 ’25$1.0bnQ2 ’26$0.0bn$0.5bn$1.0bnQ3 ’24Q1 ’25Q3 ’25$1.0bnQ2 ’26
Source: SEC filings
Growth slowed to −4.9% last quarterRevenue growth, year on year, %
−30%−20%−10%0%Q4 ’24Q1 ’25Q2 ’25Q3 ’25Q4 ’25Q1 ’26−4.9%Q2 ’26−20%0%Q4 ’24Q2 ’25Q4 ’25−4.9%Q2 ’26
Source: SEC filings
Operating margin was 46.6% last quarterOperating income as a share of revenue, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2546.6%Q2 ’260%20%40%Q3 ’24Q1 ’25Q3 ’2546.6%Q2 ’26
Source: SEC filings
Free cash flow was $2.4 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$250m$500m$750mQ3 ’24Q1 ’25Q3 ’25$472mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$472mQ2 ’26
Source: SEC filings
Last 12 monthsCCISector median
Revenue growth−4.6%+5.5%
Operating margin47.7%37.2%
Free cash flow margin57.8%36.0%
Price to earnings35.7x30.3x

Stories on Crown Castle

Friday, 23 October
Why it moved

AT&T (T) Shares Slide After Report SpaceX Is Seeking 80,000 Cell Sites

AT&T slid 8.0% and T-Mobile 7.7% on Friday after Bloomberg reported SpaceX is in talks for at least 80,000 US cell sites for a phone network. Crown Castle soared 9.1%.

T▼ 8.0%
A cell tower at dusk

Similar companies

Telecom Tower REITs, by market value.

CompanyPriceTodayYTDValue
WELLWelltower$234.60+0.61%+26.4%$172B
PLDPrologis$127.98−0.03%+0.3%$122B
EQIXEquinix$1,013.70−2.22%+32.3%$100B
AMTAmerican Tower$187.78+1.02%+7.0%$87.09B
SPGSimon Property Group$217.75+0.94%+17.6%$70.45B
DLRDigital Realty$180.70−1.21%+16.8%$67.04B
PSAPublic Storage$324.77+2.43%+25.2%$60.68B
ORealty Income$56.930.00%+1.0%$53.87B