Crown Castle
Crown Castle returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 10.64% | 8.61% | — | — | 3.24% | 2.9 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.69% | 7.28% | — | — | 3.35% | 1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.81% | 7.21% | — | — | 1.38% | 1.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | -11.19% | -9.35% | — | — | — | -18.9 pp |
| FY 2025 Q2 | Jun 30, 2025 | -11.09% | -9.23% | — | — | — | -18.8 pp |
| FY 2025 Q1 | Mar 31, 2025 | -11.06% | -9.13% | — | — | — | -18.8 pp |
| FY 2024 Q4 | Dec 31, 2024 | — | -8.84% | — | — | -10.95% | — |
| FY 2024 Q3 | Sep 30, 2024 | 7.19% | 5.98% | — | — | — | -0.5 pp |
| FY 2024 Q2 | Jun 30, 2024 | 6.98% | 5.82% | — | — | — | -0.7 pp |
| FY 2024 Q1 | Mar 31, 2024 | 7.59% | 6.29% | — | — | — | -0.1 pp |
| FY 2023 Q4 | Dec 31, 2023 | 8% | 6.57% | -41.92% | — | 3.88% | 0.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 6.61% | — | — | 4% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 6.83% | — | — | 4.37% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 6.6% | — | — | 4.28% | — |
| FY 2022 Q4 | Dec 31, 2022 | 8.34% | 6.63% | — | — | 4.3% | 0.6 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 6.37% | — | — | 4.15% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 6.1% | — | — | 3.96% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 5.86% | — | — | 3.75% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 5.42% | — | — | 2.82% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 5.85% | — | — | 3.22% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 5.45% | — | — | 2.66% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 5.35% | — | — | 2.4% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 5.08% | — | — | 2.73% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 4.25% | — | — | 1.96% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 4.19% | — | — | 2.19% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 4.48% | — | — | 2.39% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 4.59% | — | — | 2.41% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 4.81% | — | — | 2.57% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 4.56% | — | — | 2.28% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 4.36% | — | — | 2.11% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 4.6% | — | — | 2.06% | — |
| FY 2018 Q3 | Sep 30, 2018 | 5.07% | 4.31% | 3.48% | — | 1.75% | -2.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 4.69% | 4.48% | 2.55% | — | 1.78% | -3 pp |
| FY 2018 Q1 | Mar 31, 2018 | 4.38% | 4.21% | 1.54% | — | 1.57% | -3.3 pp |
| FY 2017 Q4 | Dec 31, 2017 | 4.17% | 3.97% | 0.89% | — | 1.62% | -3.5 pp |
| FY 2017 Q3 | Sep 30, 2017 | 4.98% | 4.05% | — | — | 1.77% | -2.7 pp |
| FY 2017 Q2 | Jun 30, 2017 | 4.86% | 4.56% | — | — | 1.95% | -2.8 pp |
| FY 2017 Q1 | Mar 31, 2017 | 4.84% | 4.54% | — | — | 1.88% | -2.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | 4.73% | 4.43% | — | — | 1.6% | -3 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 4.32% | — | — | 1.69% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 4.35% | — | — | 1.75% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 4.43% | — | — | 6.75% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 4.57% | — | 21.4% | 7.04% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 4.85% | — | 21.23% | 7.14% | — |
| FY 2015 Q2 | Jun 30, 2015 | 5.55% | 5.06% | — | 21% | 7.35% | -2.2 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.39% | 5.01% | — | 5.63% | 1.98% | -2.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | — | 4.96% | — | 5.08% | 1.87% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 5.55% | — | 3.78% | 1.2% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 5.42% | — | 2.78% | 0.88% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 5.42% | — | 3.35% | 0.98% | — |
| FY 2013 Q4 | Dec 31, 2013 | 1.82% | 5.31% | — | 1.6% | 0.49% | -5.9 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 6.62% | — | 3.18% | 0.67% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 6.66% | — | 3.13% | 0.65% | — |
| FY 2013 Q1 | Mar 31, 2013 | 2.44% | 6.56% | -10.73% | 5.42% | 1.12% | -5.3 pp |
| FY 2012 Q4 | Dec 31, 2012 | — | 6.68% | — | 6.98% | 1.42% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 7.21% | — | 9.68% | 2.22% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 6.91% | — | 9.79% | 2.32% | — |
| FY 2012 Q1 | Mar 31, 2012 | 6.97% | 6.71% | — | 6.37% | 1.61% | -0.7 pp |
| FY 2011 Q4 | Dec 31, 2011 | 7.21% | 6.86% | — | 6.13% | 1.63% | -0.5 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.36% | 6.7% | — | 6.18% | 1.55% | -0.3 pp |
| FY 2011 Q2 | Jun 30, 2011 | — | 6.53% | — | -1.6% | -0.22% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 6.13% | — | -6.5% | -1.45% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 5.69% | — | -12.33% | -2.9% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 5.44% | — | -13.35% | -3.16% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 5.12% | — | -9.1% | -2.2% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CCI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.