CCI on NYSE

Crown Castle International Corp.

Logo: Crown Castle, Public domain, via Wikimedia Commons5

American real estate investment trust

Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

Jan 1, 1994Founded1

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  • TickerCCI on NYSE1
  • Industrytelecommunications industry1
  • HeadquartersHouston1
  • Websitewww.crowncastle.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address8020 Katy Freeway, Houston, Tx 770246
  • Filer categoryLarge accelerated filer6
  • LEI54930012H97VSM0I2R194
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 55403474
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Photo: ParaguaneroSwag at English Wikipedia, CC0, via Wikimedia Commons9

Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Crown Castle owns, operates, and leases approximately 40,000 cell towers across the US. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology, and wireless service, bringing information, ideas, innovations, and the connectivity of modern life to help people and businesses thrive.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

965.1%Operating margin10
206.5%Net margin10
12.0%Revenue growth, 202510

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue12¢$113.0M
  • Selling, general and admin40¢$383.0M
  • Income tax2¢$16.0M
  • Profit46¢$444.0M

Out of $215.0M in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid68¢$2.1B
  • Share buybacks1¢$23.0M
  • Kept or used elsewhere31¢$954.0M

Out of $3.1B of cash from operations.10

Financial statements

Revenue1112131410$215.0M in 2025−68% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $670.0M$670.0M20192020: $520.0M$520.0M2020−22%2021: $621.0M$621.0M2021+19%2022: $697.0M$697.0M2022+12%2023: $421.0M$421.0M2023−40%2024: $192.0M$192.0M2024−54%2025: $215.0M$215.0M2025+12%
Operating income1112131410$2.1B in 2025+33% since 2019
0$1.0B$2.0B$3.0B2019: $1.6B$1.6B20192020: $1.9B$1.9B2020+19%2021: $2.0B$2.0B2021+7%2022: $2.4B$2.4B2022+21%2023: $2.1B$2.1B2023−14%2024: $2.1B$2.1B2024+1%2025: $2.1B$2.1B2025−2%
Net income1112131410$444.0M in 2025−48% since 2019
-$4.0B-$2.0B0$2.0B2019: $860.0M$860.0M20192020: $1.1B$1.1B2020+23%2021: $1.1B$1.1B2021+4%2022: $1.7B$1.7B2022+53%2023: $1.5B$1.5B2023−10%2024: -$3.9B-$3.9B20242025: $444.0M$444.0M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Site rental revenues$4.0B$4.3B$4.3B
Services and other revenues$215.0M$192.0M$421.0M
Net Revenues$4.3B$4.5B$4.7B
Site rental$992.0M$983.0M$961.0M
Services and other$113.0M$107.0M$304.0M
Selling, general and administrative$383.0M$435.0M$502.0M
Asset write-down charges$11.0M$11.0M$9.0M
Acquisition and integration costs$0$0$1.0M
Depreciation, amortization and accretion$690.0M$736.0M$787.0M
Restructuring Charges$0$70.0M$73.0M
Total operating expenses$2.2B$2.3B$2.6B
Operating income (loss)$2.1B$2.1B$2.1B
Interest expense and amortization of deferred financing costs, net$972.0M$932.0M$849.0M
Gains (losses) on retirement of long-term obligations$0$0$0
Interest income$13.0M$20.0M$15.0M
Other income (expense)$3.0M-$26.0M-$5.0M
Benefit (provision) for income taxes-$16.0M-$18.0M-$21.0M
Income (loss) from continuing operations$1.1B$1.2B$1.2B
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent$916.0M-$5.1B$265.0M
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax-$1.6B$0$0
Net income (loss) from discontinued operations, net of tax-$659.0M-$5.1B$265.0M
Net Income (Loss)$444.0M-$3.9B$1.5B
Foreign currency translation adjustments$0-$1.0M$1.0M
Total other comprehensive income (loss)$0-$1.0M$1.0M
Comprehensive income (loss)$444.0M-$3.9B$1.5B
Income (loss) from continuing operations, basic$3$3$3
Income (loss) from discontinued operations, basic-$2-$12$1
Basic (in dollars per share)$1.02-$8.98$3.46
Income (Loss), Per Diluted Share$3$3$3
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share-$2-$12$1
Diluted (in dollars per share)$1.01-$8.98$3.46
Basic (in shares)435.0M shares434.0M shares434.0M shares
Diluted (in shares)437.0M shares434.0M shares434.0M shares
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest$1.1B$1.2B$1.3B

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The story

Crown Communications (1980-1997) and Castle Tower (1994-1997)

Crown Communications was founded in 1980 by Robert and Barbara Crown, natives of the Pittsburgh suburb of Green Tree. Crown Communications built, sited, owned, and maintained cell towers across the United States; within Pittsburgh and its surrounding region, the company had a near monopoly on cell towers.

Castle Tower was founded in 1994, starting with 133 Houston-area towers, and initially backed by two private investment firms. Among its first operational purchases was the transmission sites of the BBC, where Castle and French communications firm TDF Group outbid NTL Incorporated.

In 1997, Crown Communications merged with Houston's Castle Tower Corporation to form Crown Castle International. The terms of the merger stipulated that Castle would buy out Crown Communications, though the name of the company would be changed to Crown Castle and that the company would continue to operate with a strong presence in the Pittsburgh area. The merger of the two firms, completed in January 1998, more than doubled the assets of the now-merged Crown Castle.

Crown Castle International (1997-2015)

On August 31, 2004, Crown Castle completed the sale of its UK subsidiary, Crown Castle UK, to National Grid Transco plc for over $2 billion.

National Grid Transco plc was renamed to National Grid plc in July 2005, while Crown Castle UK was renamed National Grid Wireless in October 2005.

On January 12, 2007, Crown Castle completed the acquisition of Global Signal Inc., another U.S. tower operator that was based in Sarasota, Florida.

On December 11, 2011, Crown Castle announced an agreement to purchase NextG Networks, Inc. for nearly $1 billion. NextG had over 7,000 distributed antenna system nodes on-air at the time of the agreement, with another 1,500 nodes under construction as well as rights to more than 4,600 miles of fiber optic cables.

On September 28, 2012, Crown Castle entered a tower leasing agreement with T-Mobile US. The deal leases 7,200 wireless towers to the company for a term of 28 years in exchange for $2.4 billion. After the deal ends in 2040, Crown Castle will have an opportunity to purchase the towers for an additional $2.4 billion. Similarly, on October 20, 2013, Crown Castle entered a tower leasing agreement with AT&T Mobility. The deal leases 9,700 wireless towers to the company for a term of 28 years in exchange for $4.85 billion. Crown Castle also gained the right to acquire the towers outright in the future for $4.2 billion. 600 towers will be acquired outright by Crown Castle in the future. AT&T will pay $1,900 a month per site to access the towers, with rent rising approximately 2% per year.

Read the full text

In 2015, Crown Castle expanded into small cell technology in order to boost the capability and widen the scope of its network. The acquisition of Quanta Fiber Networks (Sunesys) in 2015 gave the company access to over 10,000 miles of fiber in various metro areas like Los Angeles, Chicago, Silicon Valley and Atlanta. Prior to that, in 2014, the company acquired the 24/7 Mid-Atlantic Network with over 800 miles of fiber along the East Coast of the U.S.

Domestic-exclusive firm (2015-present)

Crown Castle International sold off its Australian assets in 2015, removing its international focus and making the company exclusively operational in the United States. The company sold its last towers to Macquarie Group for $1.6 billion, which, after taxes and fees, gave a net gain of $1.3 billion to the company. The sale was motivated to boost the expansion of its domestic operations.

On July 19, 2017, Crown Castle signed an agreement to acquire Lightower, a fiber network operator in the northeast U.S., for approximately $7.1 billion. The transaction increased Crown Castle's fiber network to approximately 60,000 route miles. The buyout had a significant impact on second-quarter earnings reported in late July. Revenue increased by 3.3%, and small cells increased sales by 42%. Crown Castle also announced a $3.25 billion common stock offering as well as a $1.5 billion sale of convertible preferred shares to help finance the Lightower purchase.

Based on its 2019 revenue, in 2020 Crown Castle joined the Fortune 500 list for the first time, at number 496.

On March 13, 2025, Crown Castle announced that it will divest from its fiber and small cell businesses and focus on towers. Crown Castle agreed to sell its fiber assets to Zayo Group Holdings and its small cell assets to EQT Active Core Infrastructure for $4.25 billion each. The transactions closed on May 1, 2026, with Crown Castle receiving approximately $8.4 billion in net cash proceeds and transitioning into a pure-play U.S. tower company.

From Wikipedia’s article on Crown Castle, shared under CC BY-SA 4.0.7

Leadership

Who has led Crown Castle International Corp., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (45)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • CROWN CASTLE INTERNATIONAL CORPJan 8, 1998 to Jul 25, 20226

Timeline

  1. Sep 18, 2025New chief executive Christian H. Hillabrant becomes CEO20
  2. Mar 25, 2025New chief executive Daniel K. Schlanger becomes CEO19
  3. Apr 15, 2024New chief executive Steven J. Moskowitz becomes CEO22
  4. Jan 17, 2024New chief executive Anthony J. Melone becomes CEO21
  5. Jun 23, 2016New chief executive Jay A. Brown becomes CEO23
  6. Jan 5, 2009New chief executive W. Benjamin Moreland becomes CEO24
  7. Feb 27, 2006New chief executive John P. Kelly becomes CEO25
  8. Aug 18, 1998Went public Listed on NYSE1
  9. Jan 1, 1994Founded Founded1

Filings

490 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 107 major events, 222 insider forms, 17 large holders, 124 other. The latest 20:

  1. Sep 17, 20264 EDGAR
  2. Sep 14, 20268-K EDGAR
  3. Aug 10, 20264 EDGAR
  4. Aug 5, 20268-K EDGAR
  5. Aug 5, 202610-Q EDGAR
  6. Jul 22, 20268-K EDGAR
  7. May 26, 2026144 EDGAR
  8. May 21, 20264 EDGAR
  9. May 21, 20263 EDGAR
  10. May 20, 20268-K EDGAR
  11. May 20, 20268-K EDGAR
  12. May 15, 2026SCHEDULE 13G/A EDGAR
  13. May 7, 202610-Q EDGAR
  14. May 6, 20264 EDGAR
  15. May 5, 20264 EDGAR
  16. May 5, 20264 EDGAR
  17. May 5, 20264 EDGAR
  18. May 1, 20268-K EDGAR
  19. May 1, 20268-K EDGAR
  20. Apr 29, 2026SCHEDULE 13G EDGAR

The 490 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 13 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 7, 2026Collins Robert SeanVice President and ControllerSale1,500$75.89$113.8KForm 4
May 5, 2026Stephens Kevin ADirectorBuy820$90.24$74.0KForm 4
Feb 27, 2026Collins Robert SeanVice President and ControllerSale3,000$87.49$262.5KForm 4
Feb 25, 2026Adams Edward B JREVP and General CounselSale4,650$86.34$401.5KForm 4
Feb 6, 2026Levendos ChristopherEVP & COO - FiberSale1,883$79.71$150.1KForm 4
Oct 28, 2025Levendos ChristopherEVP & COO - FiberSale1,065$93.99$100.1KForm 4
Oct 24, 2025SCHLANGER DANIEL KEVP and CTOSale30,000$98.08$2.9MForm 4
Aug 8, 2025SCHLANGER DANIEL KEVP and CTOSale15,000$105.80$1.6MForm 4
Aug 6, 2025Levendos ChristopherEVP & COO - FiberSale1,417$105.83$150.0KForm 4
May 9, 2025Stephens Kevin ADirectorBuy380$103.27$39.2KForm 4
May 2, 2025Collins Robert SeanVice President and ControllerSale3,600$106.72$384.2KForm 4
May 2, 2025Levendos ChristopherEVP & COO - FiberSale2,810$106.90$300.4KForm 4
May 2, 2025Adams Edward B JREVP and General CounselSale8,000$106.37$851.0KForm 4
May 2, 2025SCHLANGER DANIEL KEVP and CTOSale20,000$106.38$2.1MForm 4
Jul 23, 2024Kavanagh Michael JosephEVP & COO-TowersSale10,883$103.73$1.1MForm 4
May 9, 2024PATEL SUNIT SEVP & Chief Financial OfficerSale42$98.80$4.2KForm 4
Apr 2, 2024Genrich JasonDirectorBuy18$103.17$1.9KForm 4
Mar 5, 2024Collins Robert SeanVice President and ControllerSale3,250$113.49$368.8KForm 4
Jan 18, 2024Genrich JasonDirectorBuy99$109.32$10.8KForm 4
Dec 14, 2023Collins Robert SeanVice President and ControllerSale1,500$114.16$171.2KForm 4

All 37 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.43,921,220$3.3B0.0%−3,034,060
Vanguard Portfolio Management LLC37,896,257$2.9B0.1%+602,990
Vanguard Capital Management LLC28,507,917$2.2B0.0%+177,951
State Street Corp23,023,394$1.7B0.1%+211,633
Wellington Management Group Llp17,325,403$1.3B0.2%−1,453,757
Lazard Asset Management LLC15,099,726$1.1B1.7%+1,636,544
Geode Capital Management, LLC13,605,224$1.0B0.1%+242,147
Morgan Stanley9,829,936$744.4M0.0%+89,231
Dimensional Fund Advisors LP6,373,473$482.7M0.1%+47,726
Charles Schwab Investment Management Inc6,333,284$479.6M0.1%+383,375
Legal & General Group Plc6,033,243$456.9M0.1%+333,003
Norges Bank5,830,200$441.5M0.0%New
Deutsche Bank Ag\5,669,365$429.3M0.1%−1,137,601
Daiwa Securities Group Inc.4,705,219$356.3M0.8%+320,027
Bank Of America Corp /de/4,605,558$348.8M0.0%−271,693
Jpmorgan Chase & Co4,355,264$342.5M0.0%+1,980,548
Royal Bank Of Canada4,393,795$332.7M0.1%+171,787
Invesco Ltd.4,143,626$313.8M0.0%+47,973
Northern Trust Corp3,926,379$297.3M0.0%+19,595
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC3,872,994$293.3M0.1%+3,852,282
Barclays PLC3,824,655$289.6M0.1%+1,681,552
FIL Ltd3,576,605$270.9M0.2%+257,091
Principal Financial Group Inc3,218,165$243.7M0.1%−497,910
Citadel Advisors LLC3,050,024$231.0M0.1%+1,095,540
Manufacturers Life Insurance Company, The2,915,656$220.8M0.2%−1,532,742

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

55 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 18, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−10.6%Report
Aug 6, 2026Michael A. RulliRepublican, HouseSale$1,001 - $15,000−9.4%Report
Jul 23, 2026Josh GottheimerDemocratic, HouseSale$1,001 - $15,000−5.8%Report
Jun 30, 2026Robert J. WittmanRepublican, HouseSale$1,001 - $15,000−5.3%Report
Jun 25, 2026Sheldon WhitehouseDemocratic, SenateSale$1,001 - $15,000+1.7%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−17.0%Report
Mar 24, 2026Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+13.5%Report
Dec 19, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+17.9%Report
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000+29.2%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+50.5%Report
Apr 21, 2025Bruce WestermanRepublican, HouseSale$1,001 - $15,000+69.6%Report
Apr 11, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−59.5%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+54.6%Report
Apr 1, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+58.9%Report
Mar 3, 2025Bruce WestermanRepublican, HouseBuy$1,001 - $15,000−46.4%Report
Jan 24, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−34.0%Report
Oct 29, 2024Val T. HoyleDemocratic, HouseBuy$1,001 - $15,000−55.5%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+67.8%Report
Jun 21, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+56.5%Report
May 16, 2024John JamesRepublican, HouseBuy$1,001 - $15,000−66.9%Report
May 10, 2024Sheldon WhitehouseDemocratic, SenateBuy$1,001 - $15,000−65.5%Report
May 2, 2024John JamesRepublican, HouseBuy$1,001 - $15,000−67.5%Report
Dec 28, 2023Pete SessionsRepublican, HouseSale$1,001 - $15,000+91.1%Report
Dec 28, 2023Pete SessionsRepublican, HouseSale$1,001 - $15,000+91.1%Report
Oct 31, 2023Pete SessionsRepublican, HouseSale$1,001 - $15,000+96.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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