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Crown Castle Valuation Multiples
Discover revenue and EBITDA valuation multiples for Crown Castle and similar public comparables like Ericsson, Ventas, Telstra, Quanta Computer and more.
Crown Castle Overview
About Crown Castle
Crown Castle owns or manages roughly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with about 75% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown Castle has plans to divest its fiber business, which is expected to be finalized in the first half of 2026. After that, it will be a stand-alone tower operator. Crown Castle operates as a real estate investment trust.
Founded
1995
HQ
Employees
4.0K
Website
Financials (LTM)
EV
$69B
Crown Castle Financials
Crown Castle reported last 12-month revenue of $4B and EBITDA of $3B.
In the same LTM period, Crown Castle generated $3B in gross profit, $3B in EBITDA, and $535M in net income.
Revenue (LTM)
Crown Castle P&L
In the most recent fiscal year, Crown Castle reported revenue of $4B and EBITDA of $3B.
Crown Castle expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 74% | XXX | 74% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 67% | XXX | XXX | XXX |
| EBIT Margin | 48% | XXX | 49% | XXX | XXX | XXX |
| Net Profit | $535M | XXX | $444M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $24B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Crown Castle Stock Performance
Crown Castle has current market cap of $39B, and enterprise value of $69B.
Market Cap Evolution
Crown Castle's stock price is $89.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $69B | $39B | 0.0% | XXX | XXX | XXX | $1.02 |
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Start Free TrialCrown Castle Valuation Multiples
Crown Castle trades at 16.2x EV/Revenue multiple, and 24.2x EV/EBITDA.
EV / Revenue (LTM)
Crown Castle Financial Valuation Multiples
As of March 14, 2026, Crown Castle has market cap of $39B and EV of $69B.
Equity research analysts estimate Crown Castle's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Crown Castle has a P/E ratio of 73.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $39B | XXX | $39B | XXX | XXX | XXX |
| EV (current) | $69B | XXX | $69B | XXX | XXX | XXX |
| EV/Revenue | 16.2x | XXX | 16.1x | XXX | XXX | XXX |
| EV/EBITDA | 24.2x | XXX | 23.9x | XXX | XXX | XXX |
| EV/EBIT | 33.6x | XXX | 32.8x | XXX | XXX | XXX |
| EV/Gross Profit | 21.9x | XXX | 21.7x | XXX | XXX | XXX |
| P/E | 73.0x | XXX | 87.9x | XXX | XXX | XXX |
| EV/FCF | 26.1x | XXX | 23.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Crown Castle Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Crown Castle Margins & Growth Rates
Crown Castle's revenue in the last 12 month declined by (3%).
Crown Castle's revenue per employee in the last FY averaged $1.1M.
Crown Castle's rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Crown Castle's rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Crown Castle Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (3%) | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | 67% | XXX | XXX | XXX |
| EBITDA Growth | (4%) | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 64% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Crown Castle Public Comps
See public comps and valuation multiples for other Buildings & Property and Data Centers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ericsson | XXX | XXX | XXX | XXX | XXX | XXX |
| Ventas | XXX | XXX | XXX | XXX | XXX | XXX |
| Telstra | XXX | XXX | XXX | XXX | XXX | XXX |
| Quanta Computer | XXX | XXX | XXX | XXX | XXX | XXX |
| Nokia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Crown Castle M&A Activity
Crown Castle acquired XXX companies to date.
Last acquisition by Crown Castle was on XXXXXXXX, XXXXX. Crown Castle acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Crown Castle
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCrown Castle Investment Activity
Crown Castle invested in XXX companies to date.
Crown Castle made its latest investment on XXXXXXXX, XXXXX. Crown Castle invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Crown Castle
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Crown Castle
| When was Crown Castle founded? | Crown Castle was founded in 1995. |
| Where is Crown Castle headquartered? | Crown Castle is headquartered in United States. |
| How many employees does Crown Castle have? | As of today, Crown Castle has over 4K employees. |
| Who is the CEO of Crown Castle? | Crown Castle's CEO is Christian H. Hillabrant. |
| Is Crown Castle publicly listed? | Yes, Crown Castle is a public company listed on NYSE. |
| What is the stock symbol of Crown Castle? | Crown Castle trades under CCI ticker. |
| When did Crown Castle go public? | Crown Castle went public in 1998. |
| Who are competitors of Crown Castle? | Crown Castle main competitors are Ericsson, Ventas, Telstra, Quanta Computer. |
| What is the current market cap of Crown Castle? | Crown Castle's current market cap is $39B. |
| What is the current revenue of Crown Castle? | Crown Castle's last 12 months revenue is $4B. |
| What is the current revenue growth of Crown Castle? | Crown Castle revenue growth (NTM/LTM) is (3%). |
| What is the current EV/Revenue multiple of Crown Castle? | Current revenue multiple of Crown Castle is 16.2x. |
| Is Crown Castle profitable? | Yes, Crown Castle is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Crown Castle? | Crown Castle's last 12 months EBITDA is $3B. |
| What is Crown Castle's EBITDA margin? | Crown Castle's last 12 months EBITDA margin is 67%. |
| What is the current EV/EBITDA multiple of Crown Castle? | Current EBITDA multiple of Crown Castle is 24.2x. |
| What is the current FCF of Crown Castle? | Crown Castle's last 12 months FCF is $3B. |
| What is Crown Castle's FCF margin? | Crown Castle's last 12 months FCF margin is 62%. |
| What is the current EV/FCF multiple of Crown Castle? | Current FCF multiple of Crown Castle is 26.1x. |
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