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CompareEarnings: May 31, 2026

Crown Castle Inc

Exchange: NYSESector: Real EstateIndustry: REIT - Specialty

Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). In April 2012, it acquired NextG Networks, Inc.

Did you know?

Profit margin stands at 10.4%.

Current Price

$84.78

+4.89%

GoodMoat Value

$99.85

17.8% undervalued
Profile
Valuation (TTM)
Market Cap$36.92B
P/E83.15
EV$64.71B
P/B—
Shares Out435.48M
P/Sales8.66
Revenue$4.26B
EV/EBITDA31.20

Crown Castle Inc (CCI) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Crown Castle is a specialized REIT that owns and leases cell towers and fiber optic networks, serving major wireless carriers. It possesses a strong competitive moat due to high regulatory and scale barriers, but faces significant risks from customer concentration and high leverage. The current valuation presents a high dividend yield of 6.21% but also shows concerning metrics like a high P/E of 75.5 and negative revenue growth.

Read full analysis
Crown Castle Inc (CCI) is a Real Estate Investment Trust (REIT) that operates a critical piece of America's wireless infrastructure. The company owns, operates, and leases over 40,000 cell towers and approximately 85,000 route miles of fiber optic cable. Its primary customers are the major wireless carriers like Verizon, AT&T, and T-Mobile, who rent space on the towers and use the fiber to connect their networks. This makes CCI a toll-road operator for mobile data. Using the GoodMoat framework, the company's primary protection from competition (its 'moat') is strong. It scores highly on **Regulatory Barriers** (Section 1.5), as zoning and permitting for new towers are extremely difficult, and on **Scale Privilege** (Section 1.8), with a massive, nationwide footprint that is costly and time-consuming to replicate. This creates high **Switching Costs** (Section 1.2) for its carrier customers. However, key risks align with several **High Confidence Red Flags** (Section 5). There is significant **Customer Concentration**, with its top three tenants likely accounting for a large majority of revenue. The data also shows **Margin Compression** risk, with a -4.3% YoY revenue decline, and **Execution Risk** as the company navigates a shift in carrier spending. The high P/E of 75.5, based on modest EPS, could be viewed as an **Extreme Valuation** relative to its current growth profile, demanding careful scrutiny. A value investor might be interested in the high 6.21% dividend yield and essential infrastructure business, but would be cautious due to the leverage, growth challenges, and customer concentration. The analysis hinges on whether the durable moat can overcome these near-term financial pressures. Analysis based on data as of 2024-05-15.

CCI Company Information

Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests).

Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts).

In April 2012, it acquired NextG Networks, Inc.

Sector

Real Estate

Industry

REIT - Specialty

Exchange

NYSE

Country

Texas, USA

CCI Key Officers

Key officers data coming soon

CCI Company Profile

Crown Castle Inc (CCI) is a Real Estate company in the REIT - Specialty industry, listed on NYSE. Headquartered in Texas, USA.

Crown Castle International Corp. (CCIC) owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers); distributed antenna systems (DAS)(each such system is a network of antennas for the benefit of wireless carriers and is connected by fiber to communication hubs designed to facilitate wireless communications), and interests in land under third party towers in various forms (third party land interests) (unless the context otherwise suggests or requires, references herein to wireless infrastructure include towers, DAS and third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). In April 2012, it acquired NextG Networks, Inc.

Market capitalization: $36.92B. Shares outstanding: 435.5M. Dividend yield: 5.63%.

View the complete company profile for Crown Castle Inc on GoodMoat, including key officers, financial metrics, sector classification, and investment analysis tools. Use the profile alongside GoodMoat's DCF calculator, fair value models, and quality score to evaluate whether CCI is a sound investment opportunity.