Company / Operating Margin
Crown Castle Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
48.7%
FY2025
5-year range
31.6% / 48.7%
FY2021-FY2025
Trend
+2.5%
vs FY2024
Sector context
#18 of 70
Real Estate
What the data says
At 48.7%, Crown Castle's operating margin ranks #18 of 70 in the Real Estate sector. Operating Margin has increased for 4 consecutive years, from 31.6% in FY2021 to 48.7% in FY2025.
Based on SEC 10-K filings.
48.7% in FY2025 with a 5-year CAGR of +16.8%. Top quartile in the Real Estate sector.
Improved from 44.3% to 48.7% over the past 2 years.
Real Estate sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +13.9pp
- 5-Year Change
- +16.8pp
- 10-Year Change
- -
Sector benchmark
#18 of 70 in Real EstateTop 26% of 70This company 48.7% Sector average 27.4%
▼
+77.5% above sector average
Key checks
Key Insights
- Crown Castle's operating margin has grown for 4 consecutive years.
- In FY2025, operating margin increased 2.5% year-over-year.
- Currently 21.3pp above the Real Estate sector average.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score -0.30 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 48.7% | +2.5% |
| FY2024 | 47.5% | +7.2% |
| FY2023 | 44.3% | +27.6% |
| FY2022 | 34.7% | +10.0% |
| FY2021 | 31.6% | -1.1% |
| FY2020 | 31.9% | +17.9% |
| FY2019 | 27.1% | +5.0% |
| FY2018 | 25.8% | +13.3% |
| FY2017 | 22.7% | -6.1% |
| FY2016 | 24.2% | -6.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026