Crown Castle (CCI) Operating Leases (2019 - 2026)
Crown Castle (CCI) recorded Operating Leases of $4.91 billion in Q2 2026, down 2.0% from $5.01 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
Crown Castle (CCI) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Crown Castle reported Operating Leases of $4.96 billion, down 2.0% from FY2024.
- Annual Operating Leases has declined for four straight years, with a five-year compound annual growth rate of -3.1% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $5.06 billion in FY2024 (-9.0%), $5.56 billion in FY2023 (-5.4%), $5.88 billion in FY2022 (-2.5%) and $6.03 billion in FY2021 (+3.8%).
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined for 16 consecutive quarters, with an average decline of 5.0% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 5.0% in Q3 2021, against a decline of 9.0% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.94 billion (Q1 2026), $4.96 billion (Q4 2025) and $4.99 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 78.34 Bn | 78.08 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 65.55 Bn | 56.08 Bn | - |
| 3 | Crown Castle | 28.58 Bn | 27.33 Bn | 989.00 Mn |
| 4 | Sba Communications | 17.34 Bn | 17.42 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.64 Bn | 12.46 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.92 Bn | 4.68 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.89 Bn | 1.79 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.82 Bn | -47.68 Mn | 207.10 Mn |
| 9 | Fermi | 2.72 Bn | 1.86 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Crown Castle Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=CCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "CCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=CCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();