Crown Castle (CCI) Operating Leases (2019 - 2026)
Crown Castle (CCI) posted Operating Leases of $4.9 billion for Q1 2026, little changed sequentially from $5.0 billion in Q4 2025, and down 1.81% YoY from $5.0 billion in Q1 2025.
Crown Castle (CCI) Operating Leases (2019 - 2026) Analysis & Trends
Crown Castle has reported Operating Leases for 8 years, with the latest figure at $4.9 billion in Q1 2026.
- Quarterly Operating Leases fell 1.81% year-over-year to $4.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.9 billion (down 1.81% YoY) and the FY2025 annual result came in at $5.0 billion, down 2.0% from the prior year.
- Operating Leases steadied at $4.9 billion in Q1 2026 per CCI's latest filing, from $5.0 billion in the prior quarter.
- Over five years, Operating Leases peaked at $6.1 billion in Q1 2022 and troughed at $4.9 billion in Q1 2026.
- A 5-year average of $5.5 billion and a median of $5.4 billion in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases gained 3.79% in 2022, then dropped 8.97% in 2024.
- Over 5 years, Operating Leases stood at $5.9 billion in 2022, then dropped by 5.44% to $5.6 billion in 2023, then retreated by 8.97% to $5.1 billion in 2024, then retreated by 2.0% to $5.0 billion in 2025, then fell by 0.44% to $4.9 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $4.9 billion, $5.0 billion, and $5.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.91 Bn |
| Mar 31, 2026 | 4.94 Bn |
| Dec 31, 2025 | 4.96 Bn |
| Sep 30, 2025 | 4.99 Bn |
| Jun 30, 2025 | 5.01 Bn |
| Mar 31, 2025 | 5.03 Bn |
| Dec 31, 2024 | 5.06 Bn |
| Sep 30, 2024 | 5.27 Bn |
| Jun 30, 2024 | 5.35 Bn |
| Mar 31, 2024 | 5.40 Bn |
| Dec 31, 2023 | 5.56 Bn |
| Sep 30, 2023 | 5.66 Bn |
| Jun 30, 2023 | 5.75 Bn |
| Mar 31, 2023 | 5.86 Bn |
| Dec 31, 2022 | 5.88 Bn |
| Sep 30, 2022 | 5.94 Bn |
| Jun 30, 2022 | 6.02 Bn |
| Mar 31, 2022 | 6.08 Bn |
| Dec 31, 2021 | 6.03 Bn |
| Sep 30, 2021 | 6.00 Bn |