VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 3, 2026

Stock Comparison

American Tower Corporation vs Crown Castle Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

American Tower Corporation

AMT · New York Stock Exchange

Market cap (USD)$82.1B
Gross margin (TTM)74.6%
Operating margin (TTM)45.9%
Net margin (TTM)28.1%
SectorReal Estate
IndustryREIT - Specialty
CountryUS
Data as of2025-12-31
Moat score
76/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into American Tower Corporation's moat claims, evidence, and risks.

View AMT analysis

Crown Castle Inc.

CCI · New York Stock Exchange

Market cap (USD)$38.7B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorReal Estate
Industry
CountryUS
Data as of2026-01-02
Moat score
84/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Crown Castle Inc.'s moat claims, evidence, and risks.

View CCI analysis

Comparison highlights

  • Moat score gap: Crown Castle Inc. leads (84 / 100 vs 76 / 100 for American Tower Corporation).
  • Segment focus: American Tower Corporation has 3 segments; Crown Castle Inc. has 2 segments (67% in Towers).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: American Tower Corporation has 6 moat types across 4 domains; Crown Castle Inc. has 3 across 3.

Primary market context

American Tower Corporation

U.S. & Canada Communications Sites

Market

Wireless communications site leasing (macro towers, rooftops and DAS)

Geography

United States and Canada

Customer

Wireless carriers and other tenants (broadcast, data, government/municipal)

Role

Independent owner/operator of communications real estate (towerco)

Crown Castle Inc.

Towers

Market

U.S. macrocell tower leasing (wireless site rental)

Geography

United States

Customer

Mobile network operators

Role

Infrastructure owner/lessor

Revenue share

67%

Side-by-side metrics

American Tower Corporation
Crown Castle Inc.
Ticker / Exchange
AMT - New York Stock Exchange
CCI - New York Stock Exchange
Market cap (USD)
$82.1B
$38.7B
Gross margin (TTM)
74.6%
n/a
Operating margin (TTM)
45.9%
n/a
Net margin (TTM)
28.1%
n/a
Sector
Real Estate
Real Estate
Industry
REIT - Specialty
n/a
HQ country
US
US
Primary segment
U.S. & Canada Communications Sites
Towers
Market structure
Oligopoly
Oligopoly
Market share
n/a
16%-26% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
76 / 100
84 / 100
Moat domains
Demand, Legal, Supply, Network
Supply, Legal, Demand
Last update
2025-12-31
2026-01-02

Moat coverage

Shared moat types

Long Term ContractsPermits Rights Of WayPhysical Network Density

American Tower Corporation strengths

Switching Costs GeneralInteroperability HubCapacity Moat

Crown Castle Inc. strengths

No unique moat types yet.

Segment mix

American Tower Corporation segments

Full profile >

U.S. & Canada Communications Sites

Oligopoly

n/a

International Communications Sites

Oligopoly

n/a

Data Centers

Competitive

n/a

Crown Castle Inc. segments

Full profile >

Towers

Oligopoly

67%

Fiber (small cells + fiber solutions)

Competitive

33%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.