Crown Castle (CCI) Operating Expenses (2009 - 2026)
Crown Castle (CCI) posted Operating Expenses of $545.0 million for Q1 2026, down 0.55% sequentially from $548.0 million in Q4 2025, and up 0.93% YoY from $540.0 million in Q1 2025.
Crown Castle (CCI) Operating Expenses (2009 - 2026) Analysis & Trends
Crown Castle has reported Operating Expenses for 18 years, with the latest figure at $545.0 million in Q1 2026.
- Quarterly Operating Expenses rose 0.93% year-over-year to $545.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (down 4.15% YoY) and the FY2025 annual result came in at $2.2 billion, down 6.53% from the prior year.
- Operating Expenses retreated to $545.0 million in Q1 2026 per CCI's latest filing, from $548.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q2 2023 and troughed at -$889.0 million in Q4 2023.
- A 5-year average of $722.1 million and a median of $594.0 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 177.17% in 2023, then surged 161.75% in 2024.
- Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then slumped by 177.17% to -$889.0 million in 2023, then soared by 161.75% to $549.0 million in 2024, then declined by 0.18% to $548.0 million in 2025, then declined by 0.55% to $545.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $545.0 million, $548.0 million, and $547.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 1.96 Bn |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 1.48 Bn |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | 1.46 Bn |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 1.66 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 538.00 Mn |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 363.41 Mn |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 116.00 Mn |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 408.79 Mn |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 98.13 Mn |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 361.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 538.00 Mn |
| 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 |