Crown Castle Inc. stock research
FY2026 Q1
Crown Castle (CCI) Gross Margin — Quarter Ended Mar 31, 2026
Revenue decreased compared to the prior quarter and the same quarter last year, while gross profit was lower than the prior quarter but higher than a year ago. Cost of revenue declined in both comparisons, and gross margin improved as a result, reaching a higher level than both prior periods.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue decreased compared to the prior quarter and the same quarter last year, while gross profit was lower than the prior quarter but higher than a year ago. Cost of revenue declined in both comparisons, and gross margin improved as a result, reaching a higher level than both prior periods.
- The reduction in cost of revenue outpaced the decline in revenue relative to both the prior quarter and the year-ago quarter, leading to an expansion in gross margin.
- Gross margin improved from the immediately preceding quarter and from the same quarter one year earlier. Revenue was lower in both comparisons, but cost of revenue decreased more significantly, resulting in higher gross profit relative to revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
46.9%
Gross profit
$23.0M
Revenue
$49.0M
Cost of revenue
$26.0M
Quarter-over-quarter change
+1.7 pts
Year-over-year change
+2.9 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2026 | $49.0M | $23.0M | $26.0M | 46.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.7 pts
Year-over-year change
Mar 31, 2025
+2.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The reduction in cost of revenue outpaced the decline in revenue relative to both the prior quarter and the year-ago quarter, leading to an expansion in gross margin.
Gross margin improved from the immediately preceding quarter and from the same quarter one year earlier. Revenue was lower in both comparisons, but cost of revenue decreased more significantly, resulting in higher gross profit relative to revenue.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to assess whether the margin improvement can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Crown Castle Inc. (CCI) | 46.9% |