Crown Castle (CCI) - Net Assets
Based on the latest financial reports, Crown Castle (CCI) has net assets worth $-3.27 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.51 Billion) and total liabilities ($24.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CCI PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-3.27 Billion |
| % of Total Assets | -15.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | -119.8% |
| 10-Year Change | -121.64% |
| Growth Volatility | 100.21 |
Crown Castle - Net Assets Trend (1997–2025)
This chart illustrates how Crown Castle's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Crown Castle stock valuation.
Annual Net Assets for Crown Castle (1997–2025)
The table below shows the annual net assets of Crown Castle from 1997 to 2025. Also explore CCI shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-1.64 Billion | -1129.32% |
| 2024-12-31 | $-133.00 Million | -102.08% |
| 2023-12-31 | $6.38 Billion | -14.34% |
| 2022-12-31 | $7.45 Billion | -9.80% |
| 2021-12-31 | $8.26 Billion | -12.72% |
| 2020-12-31 | $9.46 Billion | -9.80% |
| 2019-12-31 | $10.49 Billion | -9.35% |
| 2018-12-31 | $11.57 Billion | -6.22% |
| 2017-12-31 | $12.34 Billion | +63.28% |
| 2016-12-31 | $7.56 Billion | +6.60% |
| 2015-12-31 | $7.09 Billion | +5.22% |
| 2014-12-31 | $6.74 Billion | -2.94% |
| 2013-12-31 | $6.94 Billion | +135.19% |
| 2012-12-31 | $2.95 Billion | +23.65% |
| 2011-12-31 | $2.39 Billion | -2.38% |
| 2010-12-31 | $2.44 Billion | -16.73% |
| 2009-12-31 | $2.94 Billion | +8.11% |
| 2008-12-31 | $2.72 Billion | -14.24% |
| 2007-12-31 | $3.17 Billion | +303.26% |
| 2006-12-31 | $785.33 Million | -34.84% |
| 2005-12-31 | $1.21 Billion | -35.35% |
| 2004-12-31 | $1.86 Billion | -14.99% |
| 2003-12-31 | $2.19 Billion | -7.86% |
| 2002-12-31 | $2.38 Billion | -6.07% |
| 2001-12-31 | $2.53 Billion | -25.90% |
| 2000-12-31 | $3.42 Billion | +63.12% |
| 1999-12-31 | $2.10 Billion | +114.33% |
| 1998-12-31 | $977.90 Million | +382.91% |
| 1997-12-31 | $202.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Crown Castle's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2014400000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00 Million | % |
| Other Comprehensive Income | $-5.00 Million | % |
| Other Components | $18.53 Billion | % |
| Total Equity | $-1.64 Billion | 100.00% |
Crown Castle Competitors by Market Cap
The table below lists competitors of Crown Castle ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Malayan Banking Bhd
KLSE:1155
|
$31.67 Billion |
|
CHINA PAC.IN.GR.GDR/5 YC1
F:75CB
|
$31.69 Billion |
|
Northern Trust Corporation
NASDAQ:NTRS
|
$31.72 Billion |
|
KB Financial Group Inc
F:KBIA
|
$31.74 Billion |
|
VOLKSWAGEN ADR 1/10/O.N.
F:VOWA
|
$31.57 Billion |
|
Credo Technology Group Holding Ltd
NASDAQ:CRDO
|
$31.56 Billion |
|
Bajaj Finserv Limited
NSE:BAJAJFINSV
|
$31.56 Billion |
|
Suzhou TFC Optical Communication Co Ltd
SHE:300394
|
$31.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Crown Castle's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -133,000,000 to -1,635,000,000, a change of -1,502,000,000.
- Net income of 444,000,000 contributed positively to equity growth.
- Dividend payments of 2,080,000,000 reduced retained earnings.
- Share repurchases of 23,000,000 reduced equity.
- Other factors increased equity by 157,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $444.00 Million | +27.16% |
| Dividends Paid | $2.08 Billion | -127.22% |
| Share Repurchases | $23.00 Million | -1.41% |
| Other Changes | $157.00 Million | +9.6% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Crown Castle's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $32.60 | $72.37 | x |
| 1998-12-31 | $22.08 | $72.37 | x |
| 1999-12-31 | $15.52 | $72.37 | x |
| 2000-12-31 | $13.56 | $72.37 | x |
| 2001-12-31 | $11.04 | $72.37 | x |
| 2002-12-31 | $10.13 | $72.37 | x |
| 2003-12-31 | $8.27 | $72.37 | x |
| 2004-12-31 | $8.34 | $72.37 | x |
| 2005-12-31 | $5.41 | $72.37 | x |
| 2006-12-31 | $3.65 | $72.37 | x |
| 2007-12-31 | $11.31 | $72.37 | x |
| 2008-12-31 | $9.63 | $72.37 | x |
| 2009-12-31 | $10.24 | $72.37 | x |
| 2010-12-31 | $8.53 | $72.37 | x |
| 2011-12-31 | $9.41 | $72.37 | x |
| 2012-12-31 | $10.09 | $72.37 | x |
| 2013-12-31 | $23.14 | $72.37 | x |
| 2014-12-31 | $20.15 | $72.37 | x |
| 2015-12-31 | $21.22 | $72.37 | x |
| 2016-12-31 | $22.17 | $72.37 | x |
| 2017-12-31 | $32.20 | $72.37 | x |
| 2018-12-31 | $27.88 | $72.37 | x |
| 2019-12-31 | $25.09 | $72.37 | x |
| 2020-12-31 | $22.26 | $72.37 | x |
| 2021-12-31 | $19.03 | $72.37 | x |
| 2022-12-31 | $17.16 | $72.37 | x |
| 2023-12-31 | $14.70 | $72.37 | x |
| 2024-12-31 | $-0.31 | $72.37 | x |
| 2025-12-31 | $-3.74 | $72.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Crown Castle utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.41%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-0.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -5.88% | -37.90% | 0.08x | 1.83x | $-32.15 Million |
| 1998 | -4.03% | -33.42% | 0.07x | 1.62x | $-131.67 Million |
| 1999 | -4.74% | -27.96% | 0.09x | 1.88x | $-300.76 Million |
| 2000 | -8.46% | -31.55% | 0.10x | 2.66x | $-446.87 Million |
| 2001 | -15.49% | -40.73% | 0.12x | 3.12x | $-602.63 Million |
| 2002 | -12.34% | -45.02% | 0.09x | 3.12x | $-493.37 Million |
| 2003 | -22.20% | -71.50% | 0.08x | 3.75x | $-577.80 Million |
| 2004 | 12.71% | 38.91% | 0.13x | 2.47x | $50.16 Million |
| 2005 | -34.08% | -59.33% | 0.16x | 3.51x | $-519.37 Million |
| 2006 | -5.54% | -5.31% | 0.16x | 6.62x | $-117.52 Million |
| 2007 | -7.04% | -16.08% | 0.13x | 3.31x | $-539.50 Million |
| 2008 | -1.80% | -3.20% | 0.15x | 3.82x | $-320.44 Million |
| 2009 | -3.89% | -6.78% | 0.15x | 3.73x | $-407.96 Million |
| 2010 | -12.72% | -16.55% | 0.18x | 4.28x | $-555.48 Million |
| 2011 | 6.36% | 8.42% | 0.19x | 3.92x | $-98.05 Million |
| 2012 | 6.42% | 7.75% | 0.15x | 5.47x | $-105.29 Million |
| 2013 | 0.65% | 1.56% | 0.14x | 2.97x | $-647.82 Million |
| 2014 | 4.38% | 8.31% | 0.17x | 3.15x | $-377.56 Million |
| 2015 | 6.74% | 13.05% | 0.17x | 3.09x | $-230.97 Million |
| 2016 | 4.72% | 9.10% | 0.17x | 3.00x | $-398.74 Million |
| 2017 | 2.97% | 8.60% | 0.13x | 2.61x | $-867.90 Million |
| 2018 | 5.38% | 11.58% | 0.16x | 2.83x | $-535.10 Million |
| 2019 | 8.20% | 14.92% | 0.15x | 3.67x | $-188.90 Million |
| 2020 | 11.16% | 18.08% | 0.15x | 4.10x | $109.90 Million |
| 2021 | 13.27% | 17.29% | 0.16x | 4.73x | $270.20 Million |
| 2022 | 22.49% | 23.98% | 0.18x | 5.22x | $930.10 Million |
| 2023 | 23.54% | 21.52% | 0.18x | 6.04x | $863.90 Million |
| 2024 | 0.00% | -59.42% | 0.20x | 0.00x | $-3.89 Billion |
| 2025 | 0.00% | 10.41% | 0.14x | 0.00x | $607.50 Million |
Industry Comparison
This section compares Crown Castle's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $4,230,030,111
- Average return on equity (ROE) among peers: -1.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Crown Castle (CCI) | $-3.27 Billion | -5.88% | N/A | $31.63 Billion |
| American Tower Corp (AMT) | $6.90 Billion | 17.91% | 3.78x | $81.65 Billion |
| Digital Realty Trust Inc (DLR) | $24.85 Billion | 5.27% | 0.99x | $68.70 Billion |
| EPR Properties (EPR) | $1.47 Billion | 0.55% | 0.83x | $4.43 Billion |
| Equinix Inc (EQIX) | $1.18 Billion | 5.87% | 1.57x | $102.74 Billion |
| Farmland Partners Inc (FPI) | $537.97 Million | 5.86% | 0.34x | $462.30 Million |
| Fermi Inc. (FRMI) | $1.10 Billion | -44.38% | 0.29x | $3.29 Billion |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $11.61 Billion |
| Iron Mountain Incorporated (IRM) | $967.49 Million | -2.88% | 1.75x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $831.80 Million | -6.98% | 3.74x | $12.63 Billion |
About Crown Castle
Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service " bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. Crown Castle Inc. was e… Read more