CROWN CASTLE INC.

CCI 10-K · Q4 2025

CCI Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 53 49 +8.2%
Revenue 1,071 1,119 -4.3%
Cost of Revenue 29 26 +11.5%
Cost of Revenue (Q)
Show Nature Of Expense breakouts
Lease expense 187 188 -0.5%
Other 66 56 +17.9%
Total Costs & Expenses 548 549 -0.2%
Selling, General & Administrative 94 92 +2.2%
Show Nature Of Expense breakouts
Employee compensation expense 62 58 +6.9%
Operating Income 523 570 -8.2%
Interest Income 3 6 -50.0%
Other Non-Operating Income (Expense) 0 -23 +100.0%
Income Before Taxes 280 313 -10.5%
Income Tax Expense (Benefit) -3 -4 +25.0%
Net Income 294 -4,768 +106.2%
Net Income 294 -4,768 +106.2%
Show Equity Components breakouts
Retained Earnings 294 -4,768 +106.2%
Comprehensive Income 293 -4,768 +106.1%
EPS (Basic) 0.68 -10.97 +106.2%
EPS (Diluted) 0.67 -10.97 +106.1%
Wtd Avg Shares (Basic) 0 0
Wtd Avg Shares (Diluted) 1 -1 +200.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 99 100 -1.0%
Show Statement Operating Activities Segment breakouts
Consolidated - Continuing and Discontinued Operations 132 119 +10.9%
Segment Continuing Operations 99 100 -1.0%
Segment Discontinued Operations 33 19 +73.7%
Accounts Receivable 172 129 +33.3%
Total Current Assets 1,144 1,090 +5.0%
Non-Current Assets
Property, Plant & Equipment 6,273 6,577 -4.6%
Operating Lease Right-of-Use Assets 5,473 5,600 -2.3%
Goodwill 5,127 5,127 0.0%
Intangible Assets 861 1,037 -17.0%
Show Finite Lived Intangible Assets By Major Class breakouts
Other Intangible Assets 27 28 -3.6%
Site Rental Contracts and Customer Relationships [Member] 834 1,009 -17.3%
Other Non-Current Assets 61 58 +5.2%
Total Assets 31,518 32,736 -3.7%
Current Liabilities
Accounts Payable 71 48 +47.9%
Deferred Revenue 192 141 +36.2%
Total Current Liabilities 4,479 2,177 +105.7%
Debt Current 2,783 603 +361.5%
Non-Current Liabilities
Long-Term Debt 24,337
Operating Lease Liabilities 4,961 5,062 -2.0%
Other Non-Current Liabilities 607 645 -5.9%
Show Balance Sheet Location breakouts
Asset Retirement Obligation Costs 322 301 +7.0%
Deferred Revenue Arrangement Type Domain 245 289 -15.2%
Deferred tax liability, noncurrent [Member] 31 31 0.0%
Other Liabilities 9 24 -62.5%
Total Liabilities 33,153 32,869 +0.9%
Stockholders' Equity
Common Stock 4 4 0.0%
Additional Paid-In Capital 18,527 18,393 +0.7%
Retained Earnings -20,161 -18,525 -8.8%
Accumulated Other Comprehensive Income -5 -5 0.0%
Show Equity Components breakouts
Accumulated Translation Adjustment -5 -5 0.0%
Total Liabilities & Equity 31,518 32,736 -3.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Stock-Based Compensation 18 15 +20.0%
Other Non-Cash Items -8 35 -122.9%
Net Cash from Operations 870 877 -0.8%
Investing Activities
Other Investing Activities -1 4 -125.0%
Net Cash from Investing -353 -273 -29.3%
Financing Activities
Share Repurchases -46 -65 +29.2%
Amortization of Financing Costs 7 8 -12.5%
Net Cash from Financing -464 -680 +31.8%
Supplemental
Income Taxes Paid 3 2 +50.0%
Interest Paid 166 156 +6.4%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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