Crown Castle Inc. stock research
FY2025 Q4
Crown Castle (CCI) Gross Margin — Quarter Ended Dec 31, 2025
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue was slightly lower. Gross margin weakened from the previous quarter and was also slightly lower than the same quarter one year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue was slightly lower. Gross margin weakened from the previous quarter and was also slightly lower than the same quarter one year earlier.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue declined more sharply than cost of revenue, compressing gross margin.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue was higher, gross profit was slightly higher, and gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.3%
Gross profit
$24.0M
Revenue
$53.0M
Cost of revenue
$29.0M
Quarter-over-quarter change
-4.7 pts
Year-over-year change
-1.7 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $50.0M | $22.0M | $28.0M | 44.0% |
| Jun 30, 2025 | $52.0M | $25.0M | $27.0M | 48.1% |
| Sep 30, 2025 | $60.0M | $30.0M | $30.0M | 50.0% |
| Dec 31, 2025 | $53.0M | $24.0M | $29.0M | 45.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-4.7 pts
Year-over-year change
Dec 31, 2024
-1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue declined more sharply than cost of revenue, compressing gross margin.
Compared to the immediately preceding quarter, revenue and gross profit were lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue was higher, gross profit was slightly higher, and gross margin was slightly lower.
Monitor the trend in cost of revenue relative to revenue, as a slower decline in costs could further pressure gross margin.