Filing Flows › Crown Castle (CCI) › Q2 2025
Crown Castle (CCI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Crown Castle (CCI) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -4% from a year earlier and -0.1% from the quarter before. Operating margin was 47.7%, net earnings $291M (27.5% of revenue).
Crown Castle, Q2 2025: revenue $1.1B (-4% year over year), operating margin 47.7%, net earnings $291M, operating cash flow $832M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -0.1% | -4% |
| Operating profit | $506M | -3% | +2% |
| Net earnings | $291M | — | +16% |
| Operating cash flow | $832M | +30% | +8% |
| Free cash flow | $792M | +32% | +9% |
What changed
Revenue was $1.1B in Q2 2025, down 4% year over year and roughly flat from the previous quarter.
Operating profit was $0.51B, a 47.7% margin (up 3.0 points year over year). Total costs fell 9% while revenue fell 4%. Net earnings were $0.29B, up 16% year over year. The effective tax rate was 1.4%.
Operating cash flow was $0.83B (up 8% year over year), 286% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.35B. Capital expenditures of $0.04B left free cash flow of $0.79B.
Questions
What was Crown Castle's revenue in the second quarter 2025?
Crown Castle (CCI) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -4% from a year earlier and -0.1% from the quarter before.
Was Crown Castle profitable in the second quarter 2025?
Operating profit was $506M (47.7% of revenue) and net earnings $291M.
Source: Crown Castle 10-Q on SEC EDGAR.