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Side-by-side financial comparison of Crown Castle (CCI) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.

Crown Castle is the larger business by last-quarter revenue ($1.0B vs $943.2M, roughly 1.1× Sally Beauty Holdings, Inc.). Crown Castle runs the higher net margin — 77.2% vs 4.8%, a 72.4% gap on every dollar of revenue. On growth, Sally Beauty Holdings, Inc. posted the faster year-over-year revenue change (0.6% vs -4.8%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $-43.0M). Over the past eight quarters, Sally Beauty Holdings, Inc.'s revenue compounded faster (1.9% CAGR vs -4.5%).

Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Operating with 100 offices worldwide, its network includes over 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber systems.

Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.

CCI vs SBH — Head-to-Head

Bigger by revenue
CCI
CCI
1.1× larger
CCI
$1.0B
$943.2M
SBH
Growing faster (revenue YoY)
SBH
SBH
+5.4% gap
SBH
0.6%
-4.8%
CCI
Higher net margin
CCI
CCI
72.4% more per $
CCI
77.2%
4.8%
SBH
More free cash flow
SBH
SBH
$100.5M more FCF
SBH
$57.5M
$-43.0M
CCI
Faster 2-yr revenue CAGR
SBH
SBH
Annualised
SBH
1.9%
-4.5%
CCI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CCI
CCI
SBH
SBH
Revenue
$1.0B
$943.2M
Net Profit
$780.0M
$45.6M
Gross Margin
51.2%
Operating Margin
8.1%
Net Margin
77.2%
4.8%
Revenue YoY
-4.8%
0.6%
Net Profit YoY
76.0%
-25.3%
EPS (diluted)
$1.80
$0.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CCI
CCI
SBH
SBH
Q1 26
$1.0B
Q4 25
$1.1B
$943.2M
Q3 25
$1.1B
$947.1M
Q2 25
$1.1B
$933.3M
Q1 25
$1.1B
$883.1M
Q4 24
$1.1B
$937.9M
Q3 24
$1.1B
$935.0M
Q2 24
$1.1B
$942.3M
Net Profit
CCI
CCI
SBH
SBH
Q1 26
$780.0M
Q4 25
$294.0M
$45.6M
Q3 25
$323.0M
$49.9M
Q2 25
$291.0M
$45.7M
Q1 25
$-464.0M
$39.2M
Q4 24
$61.0M
Q3 24
$303.0M
$48.1M
Q2 24
$251.0M
$37.7M
Gross Margin
CCI
CCI
SBH
SBH
Q1 26
Q4 25
97.4%
51.2%
Q3 25
97.2%
52.2%
Q2 25
97.5%
51.5%
Q1 25
97.4%
52.0%
Q4 24
97.7%
50.8%
Q3 24
97.6%
51.2%
Q2 24
97.7%
51.0%
Operating Margin
CCI
CCI
SBH
SBH
Q1 26
Q4 25
48.8%
8.1%
Q3 25
49.0%
8.4%
Q2 25
47.7%
8.4%
Q1 25
49.1%
7.9%
Q4 24
51.0%
10.7%
Q3 24
47.5%
8.8%
Q2 24
44.7%
7.6%
Net Margin
CCI
CCI
SBH
SBH
Q1 26
77.2%
Q4 25
27.5%
4.8%
Q3 25
30.1%
5.3%
Q2 25
27.5%
4.9%
Q1 25
-43.7%
4.4%
Q4 24
6.5%
Q3 24
27.1%
5.1%
Q2 24
22.7%
4.0%
EPS (diluted)
CCI
CCI
SBH
SBH
Q1 26
$1.80
Q4 25
$0.67
$0.45
Q3 25
$0.74
$0.49
Q2 25
$0.67
$0.44
Q1 25
$-1.07
$0.38
Q4 24
$0.58
Q3 24
$0.70
$0.45
Q2 24
$0.58
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCI
CCI
SBH
SBH
Cash + ST InvestmentsLiquidity on hand
$55.0K
$157.2M
Total DebtLower is stronger
$842.5M
Stockholders' EquityBook value
$823.6M
Total Assets
$31.4M
$2.9B
Debt / EquityLower = less leverage
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCI
CCI
SBH
SBH
Q1 26
$55.0K
Q4 25
$99.0M
$157.2M
Q3 25
$57.0M
$149.2M
Q2 25
$94.0M
$112.8M
Q1 25
$60.0M
$92.2M
Q4 24
$100.0M
$105.5M
Q3 24
$194.0M
$108.0M
Q2 24
$155.0M
$97.4M
Total Debt
CCI
CCI
SBH
SBH
Q1 26
Q4 25
$21.6B
$842.5M
Q3 25
$21.6B
$862.0M
Q2 25
$22.0B
$882.4M
Q1 25
$22.9B
$902.8M
Q4 24
$23.5B
$938.1M
Q3 24
$23.5B
$978.3M
Q2 24
$22.9B
$978.9M
Stockholders' Equity
CCI
CCI
SBH
SBH
Q1 26
Q4 25
$-1.6B
$823.6M
Q3 25
$-1.5B
$794.2M
Q2 25
$-1.4B
$762.9M
Q1 25
$-1.3B
$699.8M
Q4 24
$-133.0M
$656.5M
Q3 24
$5.3B
$628.5M
Q2 24
$5.7B
$577.7M
Total Assets
CCI
CCI
SBH
SBH
Q1 26
$31.4M
Q4 25
$31.5B
$2.9B
Q3 25
$31.5B
$2.9B
Q2 25
$31.6B
$2.7B
Q1 25
$31.8B
$2.7B
Q4 24
$32.7B
$2.7B
Q3 24
$38.0B
$2.8B
Q2 24
$38.2B
$2.7B
Debt / Equity
CCI
CCI
SBH
SBH
Q1 26
Q4 25
1.02×
Q3 25
1.09×
Q2 25
1.16×
Q1 25
1.29×
Q4 24
1.43×
Q3 24
4.43×
1.56×
Q2 24
4.04×
1.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CCI
CCI
SBH
SBH
Operating Cash FlowLast quarter
$93.2M
Free Cash FlowOCF − Capex
$-43.0M
$57.5M
FCF MarginFCF / Revenue
-4.3%
6.1%
Capex IntensityCapex / Revenue
14.9%
3.8%
Cash ConversionOCF / Net Profit
2.05×
TTM Free Cash FlowTrailing 4 quarters
$4.3B
$216.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCI
CCI
SBH
SBH
Q1 26
Q4 25
$3.1B
$93.2M
Q3 25
$714.0M
$120.9M
Q2 25
$832.0M
$69.4M
Q1 25
$641.0M
$51.1M
Q4 24
$2.9B
$33.5M
Q3 24
$699.0M
$110.7M
Q2 24
$768.0M
$47.9M
Free Cash Flow
CCI
CCI
SBH
SBH
Q1 26
$-43.0M
Q4 25
$2.9B
$57.5M
Q3 25
$671.0M
$78.0M
Q2 25
$792.0M
$49.1M
Q1 25
$601.0M
$32.2M
Q4 24
$2.8B
$13.4M
Q3 24
$661.0M
$73.3M
Q2 24
$729.0M
$28.7M
FCF Margin
CCI
CCI
SBH
SBH
Q1 26
-4.3%
Q4 25
268.4%
6.1%
Q3 25
62.6%
8.2%
Q2 25
74.7%
5.3%
Q1 25
56.6%
3.6%
Q4 24
247.3%
1.4%
Q3 24
59.0%
7.8%
Q2 24
65.9%
3.1%
Capex Intensity
CCI
CCI
SBH
SBH
Q1 26
14.9%
Q4 25
17.0%
3.8%
Q3 25
4.0%
4.5%
Q2 25
3.8%
2.2%
Q1 25
3.8%
2.1%
Q4 24
15.7%
2.1%
Q3 24
3.4%
4.0%
Q2 24
3.5%
2.0%
Cash Conversion
CCI
CCI
SBH
SBH
Q1 26
Q4 25
10.40×
2.05×
Q3 25
2.21×
2.42×
Q2 25
2.86×
1.52×
Q1 25
1.30×
Q4 24
0.55×
Q3 24
2.31×
2.30×
Q2 24
3.06×
1.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CCI
CCI

Site rental$961.0M95%
Services and other$49.0M5%

SBH
SBH

Sally Beauty Supply$531.6M56%
Beauty Systems Group$411.6M44%

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