Crown Castle Inc.

CCINYSEReal Estate● Active

$94.49

+$0.70(+0.75%)

Market Cap$41.2B

P/E Ratio—

52W High$115.76

52W Low$75.96

Avg Volume3.2M

Open$93.90

Beta0.95

Overview

Crown Castle Inc. (CCI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CCI · free cash flow · updated Jun 8, 2026

Core FCF metrics

CCI · FCF · TTM · margin & CAGR

Free cash flow was $2.88B for FY2025 (fiscal year ending 2025-12-31), up 67.1% year-over-year The FCF margin was 67.4%. Five-year CAGR stands at +15.0%.

FY2025 Free Cash Flow$2.88B▲ +67.1% YoY

Trailing 12M (TTM)$2.73Btrailing 4 quarters sum

FCF Margin67.4%$2.88B ÷ revenue

3-Year CAGR+22.4%FY2022 → FY2025

5-Year CAGR+15.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CCI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.06B(182M)$2.88B▲ +67.1%67.4%

FY2024$2.94B(1.22B)$1.72B▲ +1.1%26.2%

FY2023$3.13B(1.42B)$1.70B▲ +8.5%24.4%

FY2022$2.88B(1.31B)$1.57B▲ +4.7%22.4%

FY2021$2.73B(1.23B)$1.50B▲ +4.7%23.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CCI · P/FCF · FCF yield · FCF per share

Crown Castle Inc. (CCI) trades at a FCF yield of 6.61% and a price-to-free-cash-flow ratio of 15.1x. FCF per share stands at $6.27, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.61%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.27

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CCI · cash flow statement · operating / investing / financing

For FY2025, Crown Castle Inc. generated $3.06B in operating cash flow and spent 182M in capital expenditures, yielding $2.88B in free cash flow.

Operating Activities

+$3.06B

Cash from core business operations

2025-12-31

Investing Activities

−$1.16B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.89B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.06B) − |CapEx| (182M) = FCF ($2.88B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

CCI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Crown Castle Inc.YOU

CCI

$2.88B+67.1%67.4%

57%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Crown Castle Inc. (CCI) reported free cash flow of $2.88B for FY2025 (fiscal year ending 2025-12-31), up 67.1% year-over-year. The FCF margin was 67.4%.

Based on available data, Crown Castle Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.88B in FY2025. The 5-year CAGR stands at +15.0%.

Crown Castle Inc.'s FCF yield is 6.61% and price-to-FCF ratio is 15.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CCI free cash flow · 8 questions

Crown Castle Inc. free cash flow was $2.88B for FY2025, up 67.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.73B.

CCI free cash flowCCI FCFCCI FCF 2025CCI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Crown Castle Inc. · Crown Castle Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026