Crown Castle Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	6,191	6,358	6,532	6,289	5,719	5,320
Other Revenue	229	210	449	697	621	520
Total Revenue	6,420	6,568	6,981	6,986	6,340	5,840
Revenue Growth (YoY	28.02%	-5.92%	-0.07%	10.19%	8.56%	1.34%
Property Expenses	1,851	1,847	1,980	2,068	1,993	1,949
Selling, General & Administrative	652	706	759	750	680	678
Depreciation & Amortization	1,706	1,738	1,754	1,707	1,644	1,608
Total Operating Expenses	4,209	4,291	4,493	4,525	4,317	4,235
Operating Income	2,211	2,277	2,488	2,461	2,023	1,605
Interest Expense	-966	-932	-850	-699	-657	-689
Interest & Investment Income	15	19	15	3	1	2
Other Non-Operating Income	-22	-28	-6	-10	-21	-5
EBT Excluding Unusual Items	1,238	1,336	1,647	1,755	1,346	913
Merger & Restructuring Charges	-	-	-1	-2	-1	-10
Impairment of Goodwill	-4,958	-4,958	-	-	-	-
Asset Writedown	-145	-148	-33	-34	-21	-74
Other Unusual Items	-	-	-	-28	-145	267
Pretax Income	-3,907	-3,879	1,528	1,691	1,179	1,076
Income Tax Expense	23	24	26	16	21	20
Earnings From Continuing Operations	-3,930	-3,903	1,502	1,675	1,158	1,056
Earnings From Discontinued Operations	-688	-	-	-	-62	-
Net Income to Company	-4,618	-3,903	1,502	1,675	1,096	1,056
Net Income	-4,618	-3,903	1,502	1,675	1,096	1,056
Preferred Dividends & Other Adjustments	-	-	-	-	-	57
Net Income to Common	-4,618	-3,903	1,502	1,675	1,096	999
Net Income Growth	-	-	-10.33%	52.83%	3.79%	22.79%
Basic Shares Outstanding	435	434	434	433	432	423
Diluted Shares Outstanding	435	434	434	434	434	425
Shares Change (YoY)	-	-	-	-	2.12%	1.68%
EPS (Basic)	-10.62	-8.99	3.46	3.87	2.54	2.36
EPS (Diluted)	-10.62	-8.99	3.46	3.86	2.53	2.35
EPS Growth	-	-	-10.36%	52.74%	7.54%	31.29%
Dividend Per Share	5.255	6.260	6.260	5.980	5.460	4.930
Dividend Growth	-16.05%	-	4.68%	9.52%	10.75%	7.64%
Operating Margin	34.44%	34.67%	35.64%	35.23%	31.91%	27.48%
Profit Margin	-71.93%	-59.42%	21.52%	23.98%	17.29%	17.11%
EBITDA	3,875	3,973	4,197	4,119	3,613	3,155
EBITDA Margin	60.36%	60.49%	60.12%	58.96%	56.99%	54.02%
D&A For Ebitda	1,664	1,696	1,709	1,658	1,590	1,550
EBIT	2,211	2,277	2,488	2,461	2,023	1,605
EBIT Margin	34.44%	34.67%	35.64%	35.23%	31.91%	27.48%
Effective Tax Rate	-	-	1.70%	0.95%	1.78%	1.86%
Revenue as Reported	6,420	6,568	6,981	6,986	6,340	5,840

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.