Filing Flows › Crown Castle (CCI) › Q2 2026 › vs Q2 2025
Crown Castle (CCI) Q2 2026 vs Q2 2025 (year over year)
Crown Castle's revenue fell $52.0M (-5%) from $1.1B in Q2 2025 to $1.0B in Q2 2026. Operating margin 46.6% against 47.7% (-1.1 pts).
Crown Castle, Q2 2026: revenue $1.0B (-5% year over year), operating margin 46.6%, net earnings $94.0M, operating cash flow $531M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.6% | 47.7% | -1.1 pts |
| Net margin | 9.3% | 27.5% | -18.1 pts |
| Free cash flow margin | 46.8% | 74.7% | -27.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | −$52.0M | -5% |
| Operating profit | $470M | $506M | −$36.0M | -7% |
| Costs & expenses | $538M | $554M | −$16.0M | -3% |
| Pre-tax earnings | $98.0M | $295M | −$197M | -67% |
| Other expense, net | $372M | $211M | $161M | +76% |
| Cost of revenue | $19.0M | $27.0M | −$8.0M | -30% |
| SG&A | $97.0M | $99.0M | −$2.0M | -2% |
| Other operating costs | $422M | $428M | −$6.0M | -1% |
| Net earnings | $94.0M | $291M | −$197M | -68% |
| Income tax | $4.0M | $4.0M | $0 | 0% |
| Depreciation & amortization | $171M | $175M | −$4.0M | -2% |
| Share-based compensation | $29.0M | $18.0M | $11.0M | +61% |
| Working capital & other | $237M | $348M | −$111M | -32% |
| Operating cash flow | $531M | $832M | −$301M | -36% |
| Free cash flow (OCF − capex) | $472M | $792M | −$320M | -40% |
| Capital expenditures | $59.0M | $40.0M | $19.0M | +48% |
Questions
How much did Crown Castle's revenue grow year over year in Q2 2026?
Crown Castle's revenue fell $52.0M (-5%) from $1.1B in Q2 2025 to $1.0B in Q2 2026. Operating margin 46.6% against 47.7% (-1.1 pts).