CROWN CASTLE INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 24,337 | 107.2 |
| Stockholders' equity | (1,635) | -7.2 |
| Total capitalization | 22,702 | 100.0 |
425,455,439 shares outstanding at 3 August 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 24,337 |
| Long-term debt, noncurrent | 21,554 |
| Current maturities | 2,783 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,200,000,000 |
| Common shares issued | 435,000,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 8/3/26 | 425,455,439 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 4.75 | 470.3 |
| 2024 | 6.26 | – |
| 2023 | 6.26 | 180.9 |
| 2022 | 5.98 | 154.9 |
| 2021 | 5.46 | 215.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as CROWN CASTLE INTERNATIONAL CORP (to 25 July 2022).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 8020 Katy Freeway, Houston, TX 77024. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 215 | 192 | 421 |
| Depreciation and amortization | 690 | 736 | 787 |
| Operating income | 2,075 | 2,118 | 2,097 |
| Interest expense | 972 | 932 | 849 |
| Net income | 444 | (3,903) | 1,502 |
| Earned per share, diluted ($) | 1.01 | (8.98) | 3.46 |
| Dividends per share ($) | 4.75 | 6.26 | 6.26 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 99 | 100 |
| Total assets | 31,518 | 32,736 |
| Debt | 24,337 | 24,081 |
| Total liabilities | 33,153 | 32,869 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 4,264 | 2,075 | 444 | 10.4 | 1.01 | 4.75 | 3,057 | 182 | 2,875 | 31,518 | 33,153 | 24,337 | (1,635) | -27.2 | -14.89 |
| 12/31/24 | 4,460 | 2,118 | (3,903) | -87.5 | (8.98) | 6.26 | 2,943 | 176 | 2,767 | 32,736 | 32,869 | 24,081 | (133) | 2934.6 | -181.06 |
| 12/31/23 | 4,734 | 2,097 | 1,502 | 31.7 | 3.46 | 6.26 | 3,126 | 243 | 2,883 | 38,527 | 32,146 | 22,921 | 6,381 | 23.5 | 3.59 |
| 12/31/22 | 6,986 | 2,425 | 1,675 | 24.0 | 3.86 | 5.98 | 2,878 | 1,310 | 1,568 | 38,921 | 31,472 | 21,729 | 7,449 | 22.5 | 2.92 |
| 12/31/21 | 6,340 | 2,001 | 1,096 | 17.3 | 2.53 | 5.46 | 2,789 | 1,229 | 1,560 | 39,040 | 30,782 | 20,629 | 8,258 | 13.3 | 2.50 |
| 12/31/20 | 5,840 | 1,863 | 999 | 17.1 | 2.35 | 4.93 | 3,055 | 1,624 | 1,431 | 38,768 | 29,307 | 19,280 | 9,461 | 10.6 | 2.04 |
| 12/31/19 | 5,763 | 1,559 | 747 | 13.0 | 1.79 | 4.58 | 2,698 | 2,057 | 641 | 38,457 | 27,968 | 18,121 | 10,489 | 7.1 | 1.73 |
| 12/31/18 | 5,370 | 1,383 | 509 | 9.5 | 1.23 | 4.28 | 2,500 | 1,739 | 761 | 32,762 | 21,191 | 16,682 | 11,571 | 4.4 | 1.44 |
| 12/31/17 | 4,255 | 967 | 445 | 10.4 | 0.80 | 3.90 | 2,032 | (1,217) | 3,249 | 32,229 | 19,890 | 16,160 | 11,925 | 3.7 | 1.36 |
| 12/31/16 | 3,921 | 949 | 357 | 9.1 | 0.95 | 3.61 | 1,787 | 874 | 913 | 22,675 | 15,118 | 12,171 | 7,222 | 4.9 | 1.69 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
CROWN CASTLE INC.
CIK 1051470 · EIN 76-0470458
PRINCIPAL OFFICE:
8020 Katy Freeway, Houston, TX 77024
Tel.: 7135703000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 23 February 2026
FORMER NAMES:
CROWN CASTLE INTERNATIONAL CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/23/26) · 10-K FY2024 (filed 3/14/25) · 10-K FY2023 (filed 2/23/24) · 10-K FY2022 (filed 2/24/23) · 10-K FY2021 (filed 2/22/22) · 10-K FY2020 (filed 2/22/21) · 10-K FY2017 (filed 2/26/18). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.