Crown Castle Inc. stock research
FY2025 Q2
Crown Castle (CCI) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit were higher than both the prior quarter and the same quarter last year. Gross margin improved, with cost of revenue lower than the prior quarter and higher than a year ago, while gross profit grew more than cost of revenue year over year.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit were higher than both the prior quarter and the same quarter last year. Gross margin improved, with cost of revenue lower than the prior quarter and higher than a year ago, while gross profit grew more than cost of revenue year over year.
- The strongest observable driver of the margin improvement was the combination of higher revenue and lower cost of revenue compared to the immediately preceding quarter. Year over year, the increase in gross profit exceeded the increase in cost of revenue.
- Compared to the prior quarter, gross margin improved as revenue rose and cost of revenue fell. Compared to the same quarter last year, gross margin also improved, with revenue and gross profit both higher and cost of revenue higher but by a smaller proportion.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
48.1%
Gross profit
$25.0M
Revenue
$52.0M
Cost of revenue
$27.0M
Quarter-over-quarter change
+4.1 pts
Year-over-year change
+6.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $54.0M | $27.0M | $27.0M | 50.0% |
| Dec 31, 2024 | $49.0M | $23.0M | $26.0M | 46.9% |
| Mar 31, 2025 | $50.0M | $22.0M | $28.0M | 44.0% |
| Jun 30, 2025 | $52.0M | $25.0M | $27.0M | 48.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+4.1 pts
Year-over-year change
Jun 30, 2024
+6.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the margin improvement was the combination of higher revenue and lower cost of revenue compared to the immediately preceding quarter. Year over year, the increase in gross profit exceeded the increase in cost of revenue.
Compared to the prior quarter, gross margin improved as revenue rose and cost of revenue fell. Compared to the same quarter last year, gross margin also improved, with revenue and gross profit both higher and cost of revenue higher but by a smaller proportion.
Monitor the relationship between revenue and cost of revenue in upcoming quarters, as the sequential decline in cost of revenue was a notable change this quarter.