Crown Castle Inc. (NYSE: CCI)
REIT - Specialty ยท Houston, TX, United States ยท Founded 1994
- Market capitalization: $45.0 billion
- Annual revenue: $4.26 billion
- Net income: $0.44 billion
- Employees: 5,000
- Sector: Real Estate
- Headquarters: Houston, United States
- Founded: 1994
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Crown Castle owns and operates approximately 40,000 cell towers and 85,000 route miles of fiber across the United States. Every time you make a call, stream video, or send a text, there's a good chance the signal passes through Crown Castle infrastructure. They're the invisible backbone of American wireless connectivity.
Carriers like T-Mobile, AT&T, and Verizon lease space on Crown Castle's towers under long-term contracts (typically 10+ years) with built-in 3% annual escalators. The fiber business provides backhaul connectivity and small cells for 5G densification in urban areas. Revenue is predictable and recurring โ once a tower is built, it generates cash for decades.
Founded in 1994 in Houston, Crown Castle went public in 1998 and converted to a REIT in 2014 to pass through rental income tax-free. The $7.1 billion acquisition of Lightower Fiber Networks in 2017 was their biggest bet on fiber. Activist investor Elliott Management took a $2 billion stake in 2023, pushing for a CEO change and strategic review of the fiber business.
| Market Capitalization | $45.0B |
| Annual Revenue | $4.26B |
| Net Income | $0.44B |
| Profit Margin | 10% |
| Revenue per Employee | $852000K |
| Stock Exchange | NYSE |
| Ticker Symbol | CCI |
Financial data is approximate and based on most recent annual filings.
Crown Castle is the largest private owner of fiber-optic cable in the United States. Unlike rival American Tower (which operates globally), Crown Castle is 100% domestic โ a concentrated bet that the US market alone justifies a $50+ billion enterprise value. The company pays one of the highest dividends in the REIT sector, consistently yielding above 5%.
The tower business is a cash machine with decades of contracted revenue. The fiber bet hasn't delivered the returns bulls expected, and Elliott's activism signals the market wants change. 5G densification should eventually vindicate the small cell strategy, but patience is required.
What is Crown Castle Inc.'s revenue?
Crown Castle Inc. generates approximately $4.26 billion in annual revenue.
How many employees does Crown Castle Inc. have?
Crown Castle Inc. employs approximately 5,000 people worldwide.
What is Crown Castle Inc.'s market cap?
Crown Castle Inc. (CCI) has a market capitalization of approximately $45.0 billion on the NYSE.
When was Crown Castle Inc. founded?
Crown Castle Inc. was founded in 1994 and is headquartered in Houston, TX, United States.
Who is the CEO of Crown Castle Inc.?
Steven Moskowitz is the current CEO of Crown Castle Inc..
What is Crown Castle Inc.'s website?
Crown Castle Inc.'s official website is crowncastle.com.
| CEO | Steven Moskowitz |
| Sector | Real Estate |
| Industry | REIT - Specialty |
| Founded | 1994 |
| HQ | Houston, TX |
| Country | United States |
| Website | crowncastle.com |
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