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| Date | Value |
|---|---|
| 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 |