cash flow reconciliationreview2023-12-31
Operating, investing and financing flows differ from the reported change in cash by 48000000, beyond tolerance 31260000.00.
Revenue
$4.26B
Fiscal year ended 2025-12-31Operating income
$2.08B
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31CROWN CASTLE INC. (CCI) reported revenue of $4.26B and net income of $444.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from CROWN CASTLE INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.26B | $4.46B | $4.73B | $6.99B | $6.34B | $5.84B | $5.76B | $5.37B | $4.26B | $3.92B |
| Cost of revenue | $113.00M | $107.00M | $304.00M | $2.02B | $1.95B | $1.93B | $524.00M | $434.00M | $399.00M | $417.00M |
| Gross profit | $4.15B | $4.35B | $4.43B | $4.96B | $4.39B | $3.91B | $5.24B | $4.94B | $3.86B | $3.50B |
| Operating income | $2.08B | $2.12B | $2.10B | $2.42B | $2.00B | $1.86B | $1.56B | $1.38B | $967.00M | $949.00M |
| Net income | $444.00M | -$3.90B | $1.50B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $444.55M | $356.97M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 437.00M | shares 434.00M | shares 434.00M | shares 434.00M | shares 434.00M | shares 425.00M | shares 418.00M | shares 415.00M | shares 383.00M | shares 341.00M |
| Pretax income | $1.12B | $1.18B | $1.26B | $1.69B | $1.18B | $1.08B | $881.00M | $641.00M | $392.00M | $374.00M |
| Income tax expense | $16.00M | $18.00M | $21.00M | $16.00M | $21.00M | $20.00M | -$21.00M | -$19.00M | -$26.00M | -$17.00M |
| Diluted EPS | $1.01 | $-8.98 | $3.46 | $3.86 | $2.53 | $2.35 | $1.79 | $1.23 | $0.80 | $0.95 |
| Selling, general & administrative | $383.00M | $435.00M | $502.00M | $750.00M | $680.00M | $678.00M | $614.00M | $563.00M | $426.00M | $371.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $99.00M | $100.00M | $105.00M | $156.00M | $292.00M | $232.00M | $196.00M | $277.00M | $314.00M | $568.00M |
| Total assets | $31.52B | $32.74B | $38.53B | $38.92B | $39.04B | $38.77B | $38.46B | $32.76B | $32.23B | $22.68B |
| Current assets | $1.14B | $1.09B | $1.03B | $1.22B | $1.25B | $1.10B | $1.20B | $1.23B | $1.13B | $1.32B |
| Total liabilities | $33.15B | $32.87B | $32.15B | $31.47B | $30.78B | $29.31B | $27.97B | $21.19B | $19.89B | $15.12B |
| Current liabilities | $4.48B | $2.18B | $2.58B | $2.73B | $2.03B | $1.97B | $1.92B | $1.51B | $1.29B | $961.36M |
| Total equity incl. NCI | -$1.64B | -$133.00M | $6.38B | $7.45B | $8.26B | $9.46B | $10.49B | $11.57B | $11.92B | $7.22B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $172.00M | $129.00M | $481.00M | $593.00M | $543.00M | $431.00M | $596.00M | $501.00M | $398.00M | $373.53M |
| Goodwill | $5.13B | $5.13B | $10.08B | $10.08B | $10.08B | $10.08B | $10.08B | $10.08B | $10.02B | $5.76B |
| Long-term debt | $21.55B | $23.45B | $22.09B | $20.91B | $20.56B | $19.15B | $18.02B | $16.58B | $16.04B | $12.07B |
| Accounts payable | $71.00M | $48.00M | $252.00M | $236.00M | $246.00M | $230.00M | $334.00M | $313.00M | $249.00M | $188.52M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.06B | $2.94B | $3.13B | $2.88B | $2.79B | $3.06B | $2.70B | $2.50B | $2.03B | $1.79B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$1.16B | -$1.22B | -$1.52B | -$1.35B | -$1.33B | -$1.74B | -$2.08B | -$1.79B | -$10.48B | -$1.43B |
| Financing cash flow | -$1.89B | -$1.71B | -$1.65B | -$1.66B | -$1.31B | -$1.27B | -$692.00M | -$733.00M | $8.19B | -$89.00M |
| Net change in cash | $0 | -$1.00M | $1.00M | $0 | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | $73.00M | $84.00M | $102.00M | $156.00M | $129.00M | $138.00M | $117.00M | $103.00M | $92.00M | $79.00M |
| Common dividends paid | -$2.08B | -$2.73B | -$2.72B | -$2.60B | $2.37B | $2.10B | $1.91B | $1.78B | -$1.51B | $1.24B |
| Common share repurchases | -$23.00M | -$33.00M | -$30.00M | -$65.00M | $70.00M | $76.00M | $44.00M | $34.00M | -$23.00M | $25.00M |
| Depreciation & amortization | $690.00M | $736.00M | $787.00M | $1.71B | $1.64B | $1.61B | $1.57B | $1.53B | $1.24B | $1.11B |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 97.3% | 97.6% | 93.6% | 71.0% | 69.2% | 67.0% | 90.9% | 91.9% | 90.6% | 89.4% |
| Operating margin | 48.7% | 47.5% | 44.3% | 34.7% | 31.6% | 31.9% | 27.1% | 25.8% | 22.7% | 24.2% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.7% | 1.9% | 2.2% | 2.2% | 2.0% | 2.4% | 2.0% | 1.9% | 2.2% | 2.0% |
| Current ratio | 0.26x | 0.50x | 0.40x | 0.45x | 0.62x | 0.56x | 0.63x | 0.82x | 0.88x | 1.38x |
| Revenue YoY growth | -4.4% | -5.8% | -32.2% | 10.2% | 8.6% | 1.3% | 7.3% | 26.2% | 8.5% | Unavailable |
| Net margin | 10.4% | -87.5% | 31.7% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 1.4% | 1.5% | 1.7% | 0.9% | 1.8% | 1.9% | -2.4% | -3.0% | -6.6% | -4.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CCI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-09View SEC filing
Reconciliation checks needing review
6 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2022-12-31
Operating, investing and financing flows differ from the reported change in cash by 139000000, beyond tolerance 28780000.00.
cash flow reconciliationreview2021-12-31
Operating, investing and financing flows differ from the reported change in cash by 147000000, beyond tolerance 27890000.00.
cash flow reconciliationreview2020-12-31
Operating, investing and financing flows differ from the reported change in cash by 43000000, beyond tolerance 30550000.00.
balance equationreview2017-12-31
Difference 414000000 exceeds tolerance 32229000.000. Presentation or filing-vintage differences need review.
balance equationreview2016-12-31
Difference 335023000 exceeds tolerance 22675000.000. Presentation or filing-vintage differences need review.