Crown Castle (CCI) Operating Margin (2009 - 2026)
Crown Castle (CCI) recorded Operating Margin of 46.63% in Q2 2026, down 1.11 percentage points from 47.74% a year earlier but up 0.59 percentage points from the prior quarter.
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Analysis
Crown Castle (CCI) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Crown Castle's Operating Margin came in at 47.66% as of Jun 30, 2026, down 1.17 percentage points year-over-year; for FY2025, it was 48.66%, up 1.17 percentage points from FY2024.
- Annual Operating Margin has increased for four straight years, with a five-year change of +16.76 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 47.49% in FY2024 (+3.19 pp), 44.30% in FY2023 (+9.58 pp), 34.71% in FY2022 (+3.15 pp) and 31.56% in FY2021 (-0.34 pp).
- Quarterly Operating Margin has ranged from 29.15% in Q3 2023 to 50.94% in Q4 2024 over the past five years.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of +2.71 percentage points over the last seven quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 18.35 percentage points in Q3 2024, against a drop of 14.06 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 46.04% (Q1 2026), 48.83% (Q4 2025) and 48.97% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.34 Bn | 78.08 Bn | 2.72 Bn | 46.15% |
| 2 | Digital Realty Trust | 65.55 Bn | 56.08 Bn | - | 24.28% |
| 3 | Crown Castle | 28.58 Bn | 27.33 Bn | 989.00 Mn | 46.63% |
| 4 | Sba Communications | 17.34 Bn | 17.42 Bn | 539.27 Mn | 49.19% |
| 5 | Lamar Advertising | 12.64 Bn | 12.46 Bn | 422.53 Mn | 33.72% |
| 6 | OUTFRONT Media | 4.92 Bn | 4.68 Bn | 276.40 Mn | 22.22% |
| 7 | Array Digital Infrastructure | 2.89 Bn | 1.79 Bn | 30.57 Mn | 738.42% |
| 8 | IHS Holding | 2.82 Bn | -47.68 Mn | 207.10 Mn | 19.32% |
| 9 | Fermi | 2.72 Bn | 1.86 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 20.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.63% |
| Mar 31, 2026 | 46.04% |
| Dec 31, 2025 | 48.83% |
| Sep 30, 2025 | 48.97% |
| Jun 30, 2025 | 47.74% |
| Mar 31, 2025 | 49.10% |
| Dec 31, 2024 | 50.94% |
| Sep 30, 2024 | 47.50% |
| Jun 30, 2024 | 44.72% |
| Mar 31, 2024 | 46.68% |
| Sep 30, 2023 | 29.15% |
| Jun 30, 2023 | 35.73% |
| Mar 31, 2023 | 35.42% |
| Dec 31, 2022 | 34.69% |
| Sep 30, 2022 | 34.48% |
| Jun 30, 2022 | 34.20% |
| Mar 31, 2022 | 35.48% |
| Dec 31, 2021 | 31.62% |
| Sep 30, 2021 | 32.51% |
| Jun 30, 2021 | 31.90% |
API Access
Crown Castle Operating Margin 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-margin&ticker=CCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=CCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();