Crown Castle Inc

Crown Castle Inc

CCI

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Market Cap$34.55B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Crown Castle IncCrown Castle Inc32.65.37%-94%8.6-13

Earnings Call Q2 2026

July 22, 2026 - AI Summary

Solid Q2 results; full-year guidance raised (AFFO) - Management said Q2 performance was “solid,” and increased full-year 2026 AFFO guidance. - Site rental revenues outlook +$5m at the midpoint (driven by $5m increase in “other billings”), while adjusted EBITDA outlook maintained. - Full-year 2026 AFFO expected to benefit +$5m from lower interest expense (also tempered by expectation that interest income won’t stay elevated after one-time sale proceeds). - Company reiterated 2026 is the “low point” for organic growth but expects to remain on plan for strong cash generation in the next periods.
Organic growth: headwinds mostly due to Sprint/DISH removals; contracted visibility improving - Q2 organic growth (ex. Sprint cancellations & DISH terminations): +3.9% (~$38m). - Full-year organic growth framework improved vs earlier guide: - 3.6% for 2026 if DISH revenues are excluded from prior-year site rental billings (vs prior guide 3.5%). - 3.4% full-year organic growth excluding Sprint/DISH impacts (including the “other billings” effect; increased vs prior guide). - Despite near-term headwinds, visibility improved: >90% of remaining full-year organic growth (ex. Sprint/DISH impacts) is contracted vs ~80% at the start of the year. - Leasing guidance unchanged despite lower expected services activity in Q3 (services not a clean driver of leasing, per management).
Balance sheet + capital allocation: large sale close enabled buyback and debt paydown; dividend obligation lowered - Milestone completed May 1, 2026: Crown Castle became a pure-play U.S. tower operator after closing sale of small cell and fiber businesses (net proceeds: $8.4B). - Capital actions: - Repurchased $1B of shares in Q2 at avg ~$88.66, retiring >11 million shares. - Repaid >$7B of debt since last quarter (including commercial paper/revolving/term loan, open market debt repurchases, and note maturities). - Leverage: 6.3x net debt/EBITDA at quarter-end (within target 6.0x–6.5x). - Dividend obligation reduced by ~$47m annually due to share retirement.

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Target Price by Analysts

22.6% upsideCrown Castle Target Price DetailsTarget Price
$8.31

Current Fair Value

89.3% downside

Overvalued by 89.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$34.55 Billion
Enterprise Value$59.37 Billion
Dividend Yield$4.25 (5.37%)
Earnings per Share$1.02
Beta0.97
Outstanding Shares436,000,000

Return

Return on Equity-93.70%ROE
Return on Assets5.73%
Return on Invested Capital6.87%

Valuation & Multiples

P/E Ratio32.58P/E Ratio
PEG-24.58PEG
Price to Sales8.61Price to Sales
Price to Book Ratio-15.5Price to Book Ratio
Enterprise Value to Revenue14.09
Enterprise Value to EBIT32.41
Enterprise Value to Net Income33
Total Debt to Enterprise0.42
Debt to Equity-12.96Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$0.39
Average shareholder expectation
Revenue Estimate
$995.05 M
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$0.68
Average shareholder expectation
Revenue Estimate
$1.02 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 60.18%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.03%▼ 95.46%
Total Invested$335.87M▼ 99.02%
Investors Holding161▼ 822.00%

ESG Score

No data

About Crown Castle International Corp

CEO: Jay Brown

Relevant Senate Committees

Joint Committee on Taxation

This committee's non-partisan analysis and 'revenue estimates' are crucial for all tax legislation. As a REIT, Crown Castle's financial structure is significantly influenced by tax law, and this committee's work directly shapes the fiscal environment in which CCI operates.

Finance

This committee's control over taxation (corporate tax rates, REIT-specific tax rules) directly impacts Crown Castle's profitability, valuation, and overall financial structure. Major changes in tax policy could have a profound effect on the company's financial performance.

Appropriations

This committee allocates discretionary federal spending. Decisions on funding for broadband expansion, infrastructure projects, or public safety networks directly impact potential revenue streams, government contracts, or subsidies relevant to Crown Castle's business.

Judiciary

This committee's oversight of antitrust laws is highly relevant. Potential mergers, acquisitions, or competitive practices within the telecommunications infrastructure sector could come under its scrutiny, directly impacting Crown Castle's growth strategy and market position.

Banking, Housing, and Urban Affairs

As a Real Estate Investment Trust (REIT), Crown Castle is directly impacted by regulations affecting financial markets (SEC oversight) and real estate markets. This committee's purview over banking, housing, and urban development policies has direct relevance to CCI's financing, investment environment, and local development contexts.

Commerce, Science, and Transportation

This committee has direct and significant oversight over the telecommunications industry via the FCC, which regulates spectrum, tower siting, and infrastructure deployment. Its jurisdiction over interstate commerce directly impacts Crown Castle's core business.

Environment and Public Works

Crown Castle's business involves significant physical infrastructure construction (towers, fiber). This committee's oversight of the EPA impacts environmental permitting, and its role in federal highway programs directly relates to rights-of-way for fiber deployment, all of which critically affect CCI's operations and expansion.