Crown Castle (CCI) Operating Expenses (2009 - 2026)

Crown Castle's (CCI) quarterly Operating Expenses came in at $545.0 million in Q1 2026, up 0.93% year-on-year from $540.0 million in Q1 2025, and down 0.55% quarter-over-quarter from $548.0 million in Q4 2025.

Crown Castle (CCI) Operating Expenses (2009 - 2026) Analysis & Trends

Crown Castle has disclosed Operating Expenses across 18 years of filings, most recently posting $545.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $545.0 million, up 0.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.2 billion (down 4.15% YoY), and the FY2025 annual result was $2.2 billion, down 6.53% from the prior year.
  • Operating Expenses came in at $545.0 million for Q1 2026 at Crown Castle, down from $548.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q2 2023 to a low of -$889.0 million in Q4 2023.
  • The 5-year median for Operating Expenses is $594.0 million (2024), against an average of $722.1 million.
  • Across the five-year window, Operating Expenses plunged 177.17% in 2023 and soared 161.75% in 2024, its largest moves.
  • Crown Castle's Operating Expenses stood at $1.2 billion in 2022, then slumped by 177.17% to -$889.0 million in 2023, then jumped by 161.75% to $549.0 million in 2024, then slipped by 0.18% to $548.0 million in 2025, then slipped by 0.55% to $545.0 million in 2026.
  • The last three Operating Expenses figures came in at $545.0 million (Q1 2026), $548.0 million (Q4 2025), and $547.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 1.87 Bn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - 1.37 Bn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 545.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 1.54 Bn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 128.53 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 399.87 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 86.64 Mn
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 373.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 545.00 Mn
Dec 31, 2025 548.00 Mn
Sep 30, 2025 547.00 Mn
Jun 30, 2025 554.00 Mn
Mar 31, 2025 540.00 Mn
Dec 31, 2024 549.00 Mn
Sep 30, 2024 588.00 Mn
Jun 30, 2024 612.00 Mn
Mar 31, 2024 594.00 Mn
Dec 31, 2023 -889.00 Mn
Sep 30, 2023 1.18 Bn
Jun 30, 2023 1.20 Bn
Mar 31, 2023 1.15 Bn
Dec 31, 2022 1.15 Bn
Sep 30, 2022 1.14 Bn
Jun 30, 2022 1.14 Bn
Mar 31, 2022 1.12 Bn
Dec 31, 2021 1.13 Bn
Sep 30, 2021 1.09 Bn
Jun 30, 2021 1.08 Bn