Aureus
AExcellent

Crown Castle Inc.(CCI)

A

Financial data as of Dec 31, 2025Improving · Real Estate

FCF Margin65.7%Free Cash Flow / Revenue
Cash Conversion—Operating CF / Net Income
Free Cash Flow$2.9B
Revenue$4.3B
Net Cash-$29.5BNet debt position
Debt / FCF10.6xElevated debt burden
Current Ratio0.26Tight short-term liquidity
YoY FCF Growth+37.2%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (10.6x; 6.0x sector-adjusted)
→
+0.5Healthy FCF margin with manageable debt (65.7%, 10.6x; 6.0x sector-adjusted)
→
-1Current ratio below 1.0 (0.26)
→
+1Strong YoY FCF growth (37.2% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (65.7%)
  • Strong YoY FCF growth (+37.2%)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($29.5B net debt, 10.6x FCF)
  • High debt-to-FCF ratio (10.6x)
  • Current ratio below 1.0 — tight short-term liquidity
  • Revenue declining (-35.1% YoY)
Cash conversion ratio unavailable or not meaningful

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin65.7%
Net Margin10.4%
Operating CF Margin71.7%
CapEx Ratio4.3%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$29.5BNet debt position
Debt / FCF10.6xElevated debt burden
Current Ratio0.26Tight liquidity
Debt / Equity0.00Low leverage

Quarterly FCF Trend

+37.2% YoYImproving (+37.2%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameCrown Castle Inc.
SectorReal Estate
Free Cash Flow$2.9B
Revenue$4.3B
Net Income$444.0M
Operating Cash Flow$3.1B
Capital Expenditure$182.0M
FCF Margin65.7%
Cash Conversion Rate—
Net Margin10.4%
Total Debt$29.6B
Total Cash$99.0M
Net Cash-$29.5B
Current Ratio0.26
Debt / Equity0.00
Debt / FCF10.6x
YoY FCF Growth+37.2%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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