Crown Castle owns or manages roughly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with about 75% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown has plans to divest its fiber business, which is expected to be finalized in 2026. After that, it will be a stand-alone tower operator. Crown Castle operates as a real estate investment trust.

$36.8B

Market Cap • 11/3/2026

1995

(31 years)

Founded

1998

(28 years ago)

IPO

NYSE

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

—

P/S

9

P/EBITDA

13,9

P/OCF

17,4

P/FCF

19,6

P/E

45,6

BVPS

—

EPS

1,2

Market Cap

Market Cap

36,8B

EV

59,6B

EV/Revenue

14,6

EV/EBITDA

22,6

EV/EBIT

31

Payout

Dividend Per Share

4,3

Dividend Yield

4,9%

Buyback Yield

2,8%

Total Yield

7,7%

Dividend Yield 5Y

5,6%

Payout

224,9%

Retained Earnings

-21B

Profitability

Gross Margin

73,7%

EBITDA Margin

64,7%

EBIT Margin

47,1%

Net Margin

26,4%

D&A/EBITDA

26,2%

R&D/Revenue

0%

Capex/Revenue

5,9%

Capex/D&A

33,4%

Capex/OCF

11,4%

SBC/OCF

3,9%

% PPE

55,7%

% Goodwill

24,9%

ROE

—

ROIC

6,8%

Growth

CAGR Revenue 5Y

-7,9%

CAGR Op. Income 5Y

-2,3%

CAGR Net Income 5Y

-3,8%

CAGR EPS 5Y

-8%

CAGR OCF 5Y

-6,9%

Leverage

N.D./EBITDA

8,6

Debt/Equity

0%

Current Ratio

0,2

Quick Ratio

0,1

Interest Coverage

220,3%

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