Crown Castle Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	4,049	4,268	4,313	6,289	5,719
Service and Other Revenue	215	192	421	697	621
Revenue	4,264	4,460	4,734	6,986	6,340
Revenue Growth (YoY)	-4.40%	-5.79%	-32.24%	10.19%	8.56%
Property Expenses	992	983	961	1,602	1,554
Service and Other Expenses	113	107	304	466	439
Total Property Expenses	1,105	1,090	1,265	2,068	1,993
Gross Profit	3,159	3,370	3,469	4,918	4,347
Selling, General & Admin	383	435	502	750	680
Depreciation & Amortization Expenses	690	736	787	1,707	1,644
Other Operating Expenses	11	81	83	36	22
Operating Income	2,075	2,118	2,097	2,425	2,001
Interest Income	13	20	15	3	1
Interest Expense	-972	-932	-849	-699	-657
Other Non-Operating Income (Expense)	-3	26	5	38	166
Total Non-Operating Income (Expense)	-962	-886	-829	-658	-490
Pretax Income	1,113	1,232	1,268	1,767	1,511
Provision for Income Taxes	16	18	21	16	21
Net Income	-221	-8,916	1,777	1,751	1,366
Earnings From Discontinued Operations	-1,318	-10,130	530	-	-124
Net Income to Common	-221	-8,916	1,777	1,751	1,366
Net Income Growth	-	-	1.49%	28.18%	36.74%
Shares Outstanding (Basic)	435	434	434	433	432
Shares Outstanding (Diluted)	437	434	434	434	434
Shares Change (YoY)	0.69%	-	-	-	2.12%
EPS (Basic)	1.02	-8.98	3.46	3.87	2.68
EPS (Diluted)	1.01	-8.98	3.46	3.86	2.67
EPS Growth	-	-	-10.36%	44.57%	13.62%
Free Cash Flow	2,875	2,767	2,883	1,568	1,560
Free Cash Flow Growth	3.90%	-4.02%	83.86%	0.51%	9.01%
Free Cash Flow Per Share	6.58	6.38	6.64	3.61	3.59
Dividends Per Share	4.753	6.260	6.260	5.980	5.460
Dividend Growth	-24.08%	-	4.68%	9.52%	10.75%
Gross Margin	74.09%	75.56%	73.28%	70.40%	68.56%
Operating Margin	48.66%	47.49%	44.30%	34.71%	31.56%
Profit Margin	25.73%	27.22%	26.34%	25.06%	23.50%
FCF Margin	67.42%	62.04%	60.90%	22.44%	24.61%
EBITDA	2,797	2,886	2,913	4,149	3,658
EBITDA Margin	65.60%	64.71%	61.53%	59.39%	57.70%
EBIT	2,075	2,118	2,097	2,425	2,001
EBIT Margin	48.66%	47.49%	44.30%	34.71%	31.56%
Effective Tax Rate	1.44%	1.46%	1.66%	0.91%	1.39%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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