CROWN CASTLE INC.
CCI REIT RUBRIC Real Estate · Equity REITsEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−16 over range · as of 2026-06-30
FFO -43.1% YoY, revenue -4.9% YoY · sector avg 58
▼−12 over range · as of 2026-06-30
37% FFO margin · sector avg 96
▼−8 over range · as of 2026-06-30
74% debt-to-assets, 2.3x interest coverage, negative shareholder equity · sector avg 52
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $1.0B −0.2% Net income $94.0M −37.7% FFO $265.0M −18.0% FFO margin 26.3% −5.7pp Operating margin 46.6% +0.6pp Distributions paid $459.0M −3.0% Distribution coverage 0.58× −15.5% CHARTED Debt / assets 74.3% +5.7pp Interest coverage 2.26× +17.6%Filings
21-09 → 26-06 · following the period bar 20 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | no filing | no filing | 10-Q Q3 2021 | 10-K FY 2021 |
All 20 filings
10-K FY 2024 2025-03-14 Pro → 10-Q Q3 2024 2024-10-30 Pro → 10-Q Q2 2024 2024-07-30 Pro → 10-Q Q1 2024 2024-05-01 Pro → 10-K FY 2023 2024-02-23 Pro → 10-Q Q3 2023 2023-11-01 Pro → 10-Q Q2 2023 2023-08-02 Pro → 10-Q Q1 2023 2023-05-03 Pro → 10-K FY 2022 2023-02-24 Pro → 10-Q Q3 2022 2022-11-04 Pro → 10-Q Q2 2022 2022-08-05 Pro → 10-Q Q1 2022 2022-04-29 Pro → 10-K FY 2021 2022-02-22 Pro → 10-Q Q3 2021 2021-11-05 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 21-09 | 2021-09-30 | $1.6B |
| 21-12 | 2021-12-31 | $1.7B |
| 22-03 | 2022-03-31 | $1.7B |
| 22-06 | 2022-06-30 | $1.7B |
| 22-09 | 2022-09-30 | $1.7B |
| 22-12 | 2022-12-31 | $1.8B |
| 23-03 | 2023-03-31 | $1.8B |
| 23-06 | 2023-06-30 | $1.9B |
| 23-09 | 2023-09-30 | $1.7B |
| 23-12 | 2023-12-31 | -$573.0M |
| 24-03 | 2024-03-31 | $1.1B |
| 24-06 | 2024-06-30 | $1.1B |
| 24-09 | 2024-09-30 | $1.1B |
| 24-12 | 2024-12-31 | $1.1B |
| 25-03 | 2025-03-31 | $1.1B |
| 25-06 | 2025-06-30 | $1.1B |
| 25-09 | 2025-09-30 | $1.1B |
| 25-12 | 2025-12-31 | $1.1B |
| 26-03 | 2026-03-31 | $1.0B |
| 26-06 | 2026-06-30 | $1.0B |
| Period | Period end | Net income |
|---|---|---|
| 21-09 | 2021-09-30 | $351.0M |
| 21-12 | 2021-12-31 | $353.0M |
| 22-03 | 2022-03-31 | $421.0M |
| 22-06 | 2022-06-30 | $421.0M |
| 22-09 | 2022-09-30 | $419.0M |
| 22-12 | 2022-12-31 | $414.0M |
| 23-03 | 2023-03-31 | $418.0M |
| 23-06 | 2023-06-30 | $455.0M |
| 23-09 | 2023-09-30 | $265.0M |
| 23-12 | 2023-12-31 | $364.0M |
| 24-03 | 2024-03-31 | $311.0M |
| 24-06 | 2024-06-30 | $251.0M |
| 24-09 | 2024-09-30 | $303.0M |
| 24-12 | 2024-12-31 | -$4.8B |
| 25-03 | 2025-03-31 | -$464.0M |
| 25-06 | 2025-06-30 | $291.0M |
| 25-09 | 2025-09-30 | $323.0M |
| 25-12 | 2025-12-31 | $294.0M |
| 26-03 | 2026-03-31 | $151.0M |
| 26-06 | 2026-06-30 | $94.0M |
| Period | Period end | FFO margin |
|---|---|---|
| 21-09 | 2021-09-30 | 47.2% |
| 21-12 | 2021-12-31 | 46.4% |
| 22-03 | 2022-03-31 | 48.3% |
| 22-06 | 2022-06-30 | 48.9% |
| 22-09 | 2022-09-30 | 48.6% |
| 22-12 | 2022-12-31 | 47.8% |
| 23-03 | 2023-03-31 | 47.9% |
| 23-06 | 2023-06-30 | 48.2% |
| 23-09 | 2023-09-30 | 42.2% |
| 23-12 | 2023-12-31 | 28.6% |
| 24-03 | 2024-03-31 | 45.1% |
| 24-06 | 2024-06-30 | 38.9% |
| 24-09 | 2024-09-30 | 43.2% |
| 24-12 | 2024-12-31 | -409.7% |
| 25-03 | 2025-03-31 | -27.0% |
| 25-06 | 2025-06-30 | 44.0% |
| 25-09 | 2025-09-30 | 45.7% |
| 25-12 | 2025-12-31 | 43.4% |
| 26-03 | 2026-03-31 | 32.0% |
| 26-06 | 2026-06-30 | 26.3% |
| Period | Period end | Distribution coverage |
|---|---|---|
| 21-09 | 2021-09-30 | 1.33× |
| 21-12 | 2021-12-31 | 1.21× |
| 22-03 | 2022-03-31 | 1.29× |
| 22-06 | 2022-06-30 | 1.33× |
| 22-09 | 2022-09-30 | 1.33× |
| 22-12 | 2022-12-31 | not reported |
| 23-03 | 2023-03-31 | 1.24× |
| 23-06 | 2023-06-30 | 1.33× |
| 23-09 | 2023-09-30 | 1.04× |
| 23-12 | 2023-12-31 | not reported |
| 24-03 | 2024-03-31 | 0.73× |
| 24-06 | 2024-06-30 | 0.63× |
| 24-09 | 2024-09-30 | 0.71× |
| 24-12 | 2024-12-31 | not reported |
| 25-03 | 2025-03-31 | -0.42× |
| 25-06 | 2025-06-30 | 1.01× |
| 25-09 | 2025-09-30 | 1.06× |
| 25-12 | 2025-12-31 | not reported |
| 26-03 | 2026-03-31 | 0.68× |
| 26-06 | 2026-06-30 | 0.58× |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Returns | Safety |
|---|---|---|---|---|
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 19 | 42 | 17 |
| 23-12 | 2023-12-31 | 2 | 46 | 12 |
| 24-03 | 2024-03-31 | 4 | 46 | 26 |
| 24-06 | 2024-06-30 | 4 | 42 | 20 |
| 24-09 | 2024-09-30 | 10 | 46 | 31 |
| 24-12 | 2024-12-31 | 50 | 2 | 19 |
| 25-03 | 2025-03-31 | 2 | 2 | 10 |
| 25-06 | 2025-06-30 | 26 | 2 | 10 |
| 25-09 | 2025-09-30 | 20 | 2 | 18 |
| 25-12 | 2025-12-31 | 47 | 18 | 9 |
| 26-03 | 2026-03-31 | 53 | 34 | 8 |
| 26-06 | 2026-06-30 | 4 | 30 | 9 |