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 | $160.0M | +129.03% | +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% | +20.20% |
| Q3 2019 | 2019-09-30 | $124.0M | −$62.0M | −33.33% | +63.59% |
| 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 | −$27.0M | −10.63% | +129.71% |
| Q3 2018 | 2018-09-30 | $186.0M | −$7.0M | −3.63% | +119.23% |
| Q2 2018 | 2018-06-30 | $266.0M | $78.0M | +41.49% | +203.05% |
| Q1 2018 | 2018-03-31 | $82.0M | −$98.0M | −54.44% | +72.57% |
| Q4 2017 | 2017-12-31 | $254.0M | $31.5M | +14.18% | +20.52% |
| 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% | +21.55% |
| 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% | +22.06% |
| 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% | +26.06% |
| Q4 2013 | 2013-12-31 | $182.9M | $92.8M | +102.95% | +22.90% |
| 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 | — | — | +26.01% |
| Q3 2009 | 2009-09-30 | $91.8M | $102.5M | — | +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 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.
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