Filing Flows › Crown Castle (CCI) › Q3 2026 › vs Q3 2025
Crown Castle (CCI) Q3 2026 vs Q3 2025 (year over year)
Crown Castle's revenue fell $77.0M (-7%) from $1.1B in Q3 2025 to $995M in Q3 2026. Operating margin 46.7% against 49.0% (-2.2 pts).
Crown Castle, Q3 2026: revenue $995M (-7% year over year), operating margin 46.7%, net earnings $283M, operating cash flow $56.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.7% | 49.0% | -2.2 pts |
| Net margin | 28.4% | 30.1% | -1.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $995M | $1.1B | −$77.0M | -7% |
| Operating profit | $465M | $525M | −$60.0M | -11% |
| Costs & expenses | $530M | $547M | −$17.0M | -3% |
| Pre-tax earnings | $288M | $327M | −$39.0M | -12% |
| Other expense, net | $177M | $198M | −$21.0M | -11% |
| Cost of revenue | $13.0M | $30.0M | −$17.0M | -57% |
| SG&A | $82.0M | $97.0M | −$15.0M | -15% |
| Other operating costs | $435M | $420M | $15.0M | +4% |
| Net earnings | $283M | $323M | −$40.0M | -12% |
| Income tax | $5.0M | $4.0M | $1.0M | +25% |
| Operating cash sources | $481M | $509M | −$28.0M | -6% |
| Depreciation & amortization | $180M | $167M | $13.0M | +8% |
| Share-based compensation | $18.0M | $19.0M | −$1.0M | -5% |
| Working capital & other | $425M | −$205M | $630M | — |
| Operating cash flow | $56.0M | $714M | −$658M | -92% |
| Capital expenditures | $66.0M | $43.0M | $23.0M | +53% |
| Negative free cash flow (OCF − capex) | $10.0M | −$671M | $681M | — |
Questions
How much did Crown Castle's revenue grow year over year in Q3 2026?
Crown Castle's revenue fell $77.0M (-7%) from $1.1B in Q3 2025 to $995M in Q3 2026. Operating margin 46.7% against 49.0% (-2.2 pts).