CCI · Crown Castle Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted Services and Other Gross Margin non-GAAP | $23M | Three Months Ended June 30, 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP Net income (loss) 94M
-967M Site rental revenues
+249M Site rental costs of operations
+97M Selling, general and administrative expenses
+2M Asset write-down charges
+171M Depreciation, amortization and accretion
+0M Restructuring charges
+208M Interest expense and amortization of deferred financing costs, net
-24M (Gain) loss on retirement of long-term obligations
-18M Interest income
+1M Other (income) expense
+4M (Benefit) provision for income taxes
+1M Stock-based compensation expense, net recorded in services and other costs of operations
+205M (Income) loss from discontinued operations, net of tax
= Adjusted Services and Other Gross Margin 23M
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| Adjusted Site Rental Gross Margin non-GAAP | $723M | Three Months Ended June 30, 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP Net income (loss) 94M
-41M Services and other revenues
+19M Services and other costs of operations
+97M Selling, general and administrative expenses
+2M Asset write-down charges
+171M Depreciation, amortization and accretion
+0M Restructuring charges
+3M Amortization of prepaid lease purchase price adjustments
+208M Interest expense and amortization of deferred financing costs, net
-24M (Gain) loss on retirement of long-term obligations
-18M Interest income
+1M Other (income) expense
+4M (Benefit) provision for income taxes
+1M Stock-based compensation expense, net recorded in site rental costs of operations
+205M (Income) loss from discontinued operations, net of tax
= Adjusted Site Rental Gross Margin 723M
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| Average number of tenants per tower | 2 | Q2 2026 | — |
| Cash Yield on Invested Capital non-GAAP | 12.1% | Q2 2026 LQA | — |
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| Cell towers | 40,000 | Q2 2026 | — |
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| Consolidated Return on Invested Capital non-GAAP | 9.9% | Q2 2026 LQA | — |
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| FFO per share non-GAAP | $1.07 | Three Months Ended June 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income (loss) per share $0.22
+$0.37 Real estate related depreciation, amortization and accretion
+$0.01 Asset write-down charges
+$0.47 (Income) loss from discontinued operations, net of tax
= FFO per share $1.07
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| Last quarter annualized Adjusted EBITDA non-GAAP | $2.7B | as of June 30, 2026 | — |
| Net Debt non-GAAP | $17.1B | as of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total face value of debt 18.35B
-1.25B Less: Ending cash and cash equivalents and restricted cash and cash equivalents
= Net Debt 17.1B
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| Net Debt to Last Quarter Annualized Adjusted EBITDA non-GAAP | 6.3 | as of June 30, 2026 | — |
| Net Debt(i) | $17.1B | June 30, 2026 | — |
| Number of towers | 40K | Q2 2026 | — |
| Organic Contribution to Site Rental Billings as a percentage of prior year site rental billings( non-GAAP | -1.8% | Three Months Ended June 30, 2026 | — |
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| Organic Contribution to Site Rental Billings(b) non-GAAP | -$16M | Three Months Ended June 30, 2026 | — |
| Remaining contracted tenant receivables | 26B | Q2 2026 | — |
| Site rental billings | $945M | Q2 2026 | — |
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| Site rental revenues as a percentage of prior year site rental revenues | -4.1% | Q2 2026 | — |
| Total capital expenditures | $116M | Six Months Ended June 30, 2026 | — |
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| Weighted average remaining tenant contract term | 5 | Q2 2026 | — |
| Common shares outstanding, at period end | 436M | 3/31/26 | — |
| Free Cash Flow from Discontinued Operations non-GAAP | -$43M | Three Months Ended March 31 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by (used for) operating activities from discontinued operations 213M
-256M Net cash provided by (used for) investing activities from discontinued operations
= Free Cash Flow from Discontinued Operations -43M
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| Percent of towers ground leased | 57% | as of March 31, 2026 | — |
| Percent of towers in the Top 100 BTAs | 71% | as of March 31, 2026 | — |
| Percent of towers in the Top 50 BTAs | 56% | as of March 31, 2026 | — |
| Percent of towers owned | 43% | as of March 31, 2026 | — |
| Route miles of fiber | 90,000 | Q1 2026 | — |
| Small cells on air or under contract | 105,000 | Q1 2026 | — |
| Towers and other structures | 40,000 | Q1 2026 | — |
| Weighted average maturity of ground leases | 36 | as of March 31, 2026 | — |
| Adjusted EBITDA non-GAAP | $2.67B | Full year 2026 | -6.9% |
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| AFFO non-GAAP | $1.9B | Full year 2026 | -0.5% |
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| AFFO per share non-GAAP | $4.38 | Full year 2026 | +0.5% |
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| Discretionary capital expenditures non-GAAP | $150M | Full year 2026 | +0.7% |
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| FFO non-GAAP | $1.64B | Full year 2026 | -7.0% |
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| Last quarter annualized average cash site rental revenue per tower | $139K | Q4 FY2025 | — |
| Organic Contribution to Site Rental Billings non-GAAP | 3.3% | Full year 2026 | — |
| Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations non-GAAP | $193M | Full Year 2025 | — |
| Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations as a non-GAAP | 4.9% | Twelve Months Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CCI
this stock
Crown Castle Inc.
|
$32.06B | -15.6% | -4.4% | 38.3 | 2.3% |
|
EQIX
Equinix Inc
|
$106.22B | +40.5% | +7.8% | 69.3 | 1.7% |
|
AMT
American Tower Corp /Ma/
|
$81.87B | -0.8% | +5.1% | 28.3 | 1.5% |
|
DLR
Digital Realty Trust, Inc.
|
$67.56B | +24.2% | +10.0% | — | 2.2% |
|
IRM
Iron Mountain Inc
|
$36.53B | +47.9% | +8.3% | 87.0 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CCI | -0.5% | -1.9% | -17.0% | -1.7% | -15.6% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | -1.6% | -5.9% | -31.7% | -4.9% | -28.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.