Crown Castle annual free cash flow
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2025
Crown Castle Free Cash Flow (FCF) History (CCI)
Crown Castle reported $2.88B in free cash flow for fiscal 2025, an increase of 3.90% from the previous fiscal year, with a free cash flow margin of 1337.21%.
View full Crown Castle company overviewCrown Castle free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.88B | $108.0M | +3.90% | +1337.21% |
| 2024 | 2024-12-31 | $2.77B | −$116.0M | −4.02% | +1441.15% |
| 2023 | 2023-12-31 | $2.88B | $1.31B | +83.86% | +684.80% |
| 2022 | 2022-12-31 | $1.57B | $8.0M | +0.51% | +224.96% |
| 2021 | 2021-12-31 | $1.56B | $129.0M | +9.01% | +251.21% |
| 2020 | 2020-12-31 | $1.43B | $790.0M | +123.24% | +275.19% |
| 2019 | 2019-12-31 | $641.0M | −$120.0M | −15.77% | +95.67% |
| 2018 | 2018-12-31 | $761.0M | −$54.0M | −6.63% | +132.58% |
| 2017 | 2017-12-31 | $815.0M | −$98.0M | −10.73% | +156.43% |
| 2016 | 2016-12-31 | $913.0M | $27.9M | +3.15% | +132.70% |
| 2015 | 2015-12-31 | $885.1M | $43.5M | +5.16% | +24.16% |
| 2014 | 2014-12-31 | $841.7M | $205.4M | +32.28% | +23.78% |
| 2013 | 2013-12-31 | $636.3M | $305.1M | +92.12% | +22.20% |
| 2012 | 2012-12-31 | $331.2M | $35.7M | +12.07% | +13.61% |
| 2011 | 2011-12-31 | $295.5M | −$79.9M | −21.27% | +14.54% |
| 2010 | 2010-12-31 | $375.4M | −$22.3M | −5.62% | +19.98% |
| 2009 | 2009-12-31 | $397.7M | $335.5M | +538.71% | +23.60% |
| 2008 | 2008-12-31 | $62.3M | $11.9M | +23.67% | +4.08% |
| 2007 | 2007-12-31 | $50.4M | — | — | +3.63% |
Crown Castle quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $472.0M | −$320.0M | −40.40% | +1151.22% |
| Q1 2026 | 2026-03-31 | $452.0M | −$149.0M | −24.79% | +922.45% |
| Q4 2025 | 2025-12-31 | $811.0M | −$14.0M | −1.70% | +1530.19% |
| Q3 2025 | 2025-09-30 | $671.0M | $10.0M | +1.51% | +1118.33% |
| Q2 2025 | 2025-06-30 | $792.0M | $63.0M | +8.64% | +1523.08% |
| Q1 2025 | 2025-03-31 | $601.0M | $49.0M | +8.88% | +1202.00% |
| Q4 2024 | 2024-12-31 | $825.0M | $781.0M | +1775.00% | +1683.67% |
| Q3 2024 | 2024-09-30 | $661.0M | $475.0M | +255.38% | +1224.07% |
| Q2 2024 | 2024-06-30 | $729.0M | −$11.0M | −1.49% | +1695.35% |
| Q1 2024 | 2024-03-31 | $552.0M | $287.0M | +108.30% | +1200.00% |
| Q4 2023 | 2023-12-31 | $44.0M | −$407.0M | −90.24% | +102.33% |
| Q3 2023 | 2023-09-30 | $186.0M | −$178.0M | −48.90% | +206.67% |
| Q2 2023 | 2023-06-30 | $740.0M | $264.0M | +55.46% | +532.37% |
| Q1 2023 | 2023-03-31 | $265.0M | −$12.0M | −4.33% | +177.85% |
| Q4 2022 | 2022-12-31 | $451.0M | $54.0M | +13.60% | +242.47% |
| Q3 2022 | 2022-09-30 | $364.0M | −$37.0M | −9.23% | +204.49% |
| Q2 2022 | 2022-06-30 | $476.0M | −$4.0M | −0.83% | +285.03% |
| Q1 2022 | 2022-03-31 | $277.0M | −$5.0M | −1.77% | +166.87% |
| Q4 2021 | 2021-12-31 | $397.0M | −$202.0M | −33.72% | +220.56% |
| Q3 2021 | 2021-09-30 | $401.0M | $117.0M | +41.20% | +240.12% |
| Q2 2021 | 2021-06-30 | $480.0M | $138.0M | +40.35% | +303.80% |
| Q1 2021 | 2021-03-31 | $282.0M | $76.0M | +36.89% | +243.10% |
| Q4 2020 | 2020-12-31 | $599.0M | $311.0M | +107.99% | +424.82% |
| Q3 2020 | 2020-09-30 | $284.0M | $2.16B | — | +193.20% |
| Q2 2020 | 2020-06-30 | $342.0M | $145.0M | +73.60% | +282.64% |
| Q1 2020 | 2020-03-31 | $206.0M | $174.0M | +543.75% | +185.59% |
| Q4 2019 | 2019-12-31 | $288.0M | $61.0M | +26.87% | +230.40% |
| Q3 2019 | 2019-09-30 | −$1.87B | −$2.06B | — | −960.00% |
| Q2 2019 | 2019-06-30 | $197.0M | −$69.0M | −25.94% | +107.07% |
| Q1 2019 | 2019-03-31 | $32.0M | −$50.0M | −60.98% | +19.28% |
| Q4 2018 | 2018-12-31 | $227.0M | $1.68B | — | +298.68% |
| Q3 2018 | 2018-09-30 | $186.0M | −$7.0M | −3.63% | +97.38% |
| Q2 2018 | 2018-06-30 | $266.0M | $78.0M | +41.49% | +165.22% |
| Q1 2018 | 2018-03-31 | $82.0M | −$98.0M | −54.44% | +56.16% |
| Q4 2017 | 2017-12-31 | −$1.45B | −$1.67B | — | — |
| Q3 2017 | 2017-09-30 | $193.0M | $27.6M | +16.72% | +113.53% |
| Q2 2017 | 2017-06-30 | $188.0M | −$93.0M | −33.10% | +18.11% |
| Q1 2017 | 2017-03-31 | $180.0M | −$64.2M | −26.28% | +17.72% |
| Q4 2016 | 2016-12-31 | $222.5M | −$30.0M | −11.89% | — |
| Q3 2016 | 2016-09-30 | $165.4M | $30.7M | +22.81% | +16.67% |
| Q2 2016 | 2016-06-30 | $281.0M | $34.4M | +13.96% | +29.20% |
| Q1 2016 | 2016-03-31 | $244.2M | −$7.2M | −2.88% | +26.13% |
| Q4 2015 | 2015-12-31 | $252.5M | $48.2M | +23.60% | +26.70% |
| Q3 2015 | 2015-09-30 | $134.6M | −$89.5M | −39.94% | +14.67% |
| Q2 2015 | 2015-06-30 | $246.6M | $52.7M | +27.20% | +27.42% |
| Q1 2015 | 2015-03-31 | $251.4M | $32.1M | +14.62% | +27.92% |
| Q4 2014 | 2014-12-31 | $204.3M | $21.4M | +11.71% | +22.91% |
| Q3 2014 | 2014-09-30 | $224.2M | $76.0M | +51.29% | +25.11% |
| Q2 2014 | 2014-06-30 | $193.9M | $58.9M | +43.67% | +22.07% |
| Q1 2014 | 2014-03-31 | $219.3M | $49.1M | +28.82% | +25.04% |
| Q4 2013 | 2013-12-31 | $182.9M | $92.8M | +102.95% | +28.49% |
| Q3 2013 | 2013-09-30 | $148.2M | $71.8M | +93.88% | +19.78% |
| Q2 2013 | 2013-06-30 | $134.9M | $67.4M | +99.95% | +18.36% |
| Q1 2013 | 2013-03-31 | $170.3M | $73.1M | +75.25% | +23.01% |
| Q4 2012 | 2012-12-31 | $90.1M | −$15.3M | −14.48% | +13.37% |
| Q3 2012 | 2012-09-30 | $76.4M | $53.4M | +231.71% | +12.30% |
| Q2 2012 | 2012-06-30 | $67.5M | −$24.8M | −26.85% | +11.53% |
| Q1 2012 | 2012-03-31 | $97.2M | $22.3M | +29.78% | +17.61% |
| Q4 2011 | 2011-12-31 | $105.4M | −$10.6M | −9.17% | +20.28% |
| Q3 2011 | 2011-09-30 | $23.0M | −$79.9M | −77.62% | +4.48% |
| Q2 2011 | 2011-06-30 | $92.3M | −$16.8M | −15.40% | +18.44% |
| Q1 2011 | 2011-03-31 | $74.9M | $27.5M | +57.96% | +15.00% |
| Q4 2010 | 2010-12-31 | $116.0M | $646,000 | +0.56% | +23.37% |
| Q3 2010 | 2010-09-30 | $102.9M | $11.1M | +12.10% | +21.36% |
| Q2 2010 | 2010-06-30 | $109.0M | −$2.7M | −2.44% | +23.91% |
| Q1 2010 | 2010-03-31 | $47.4M | −$31.4M | −39.84% | +10.67% |
| Q4 2009 | 2009-12-31 | $115.3M | $126.0M | — | +26.01% |
| Q3 2009 | 2009-09-30 | $91.8M | — | — | +21.40% |
| Q2 2009 | 2009-06-30 | $111.8M | — | — | +27.27% |
| Q1 2009 | 2009-03-31 | $78.8M | — | — | +19.55% |
| Q3 2008 | 2008-09-30 | −$10.7M | — | — | −2.77% |
Crown Castle free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.43B to $2.88B, a compound annual growth rate of 14.97%. Crown Castle's latest reported quarter, Q2 2026, generated $472.0M in free cash flow, a decrease of 40.40% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Crown Castle filings at SEC.gov ↗