Crown Castle Inc. — Earnings Quality Grade F
CCI · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 29 days, change +5 days YoY
AR growth 15.7% exceeds revenue growth -4.4%
Revenue -4.4%, CFFO 3.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 3.4% vs revenue -4.4%. Normal
SG&A/Gross Profit = 12.1%, excellent (<30%)
Gross margin 74.1%, change -1.5pp. Stable
Cash Flow Quality
CFFO/NI = 6.89. Profits backed by cash
FCF $2.9B, FCF/NI = 6.48
Accruals ratio = -8.3%. Low accruals
Cash $0.1B covers only 0% of debt $29.6B
Balance Sheet Health
Goodwill+Intangibles $6.0B = -366% of equity. Manageable
Debt/EBITDA = 10.8x (>4x). Financial stress
Other assets -6.1% vs revenue -4.4%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.71 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Crown Castle Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09