LUMN · Lumen Technologies, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · LUMN

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$12.40B	$13.11B	$14.56B	$17.48B	$19.69B	$20.71B
Cost of Revenue	$6.64B	$6.70B	$7.14B	$7.87B	$8.49B	$8.93B
Gross Profit	$5.76B	$6.41B	$7.41B	$9.61B	$11.20B	$11.78B
R&D	-	-	-	-	-	-
SG&A	$3.20B	$2.97B	$3.20B	$3.08B	$2.90B	$3.46B
Total Operating Expenses	$13.21B	$12.65B	$24.14B	$17.38B	$15.40B	$19.75B
D&A	$2.75B	$2.96B	$2.98B	$3.24B	$4.02B	$4.71B
Operating Income	($812.00M)	$460.00M	($9.58B)	$95.00M	$4.29B	$962.00M
Interest Expense	$1.28B	$1.37B	$1.16B	$1.33B	$1.52B	$1.67B
Income Tax	($977.00M)	($175.00M)	$61.00M	$557.00M	$668.00M	$450.00M
Net Income	($1.74B)	($55.00M)	($10.30B)	($1.55B)	$2.03B	($1.23B)
EPS - Basic	($1.75)	($0.06)	($10.48)	($1.54)	$1.92	($1.14)
EPS - Diluted	($1.75)	($0.06)	($10.48)	($1.54)	$1.91	($1.14)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$1.00B	$1.89B	$2.23B	$1.25B	$354.00M	$406.00M
Accounts Receivable	$1.31B	$1.23B	$1.32B	$1.48B	$1.54B	$1.96B
Inventory	-	-	-	-	-	-
Accounts Payable	$1.51B	$749.00M	$1.13B	$950.00M	$758.00M	$1.13B
Current Assets	$7.91B	$4.39B	$4.78B	$5.42B	$11.54B	$3.18B
Total Assets	$34.34B	$33.50B	$34.02B	$45.58B	$57.99B	$59.39B
Current Liabilities	$4.39B	$3.64B	$3.53B	$4.80B	$7.17B	$6.63B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	($1.12B)	$464.00M	$417.00M	$10.44B	$11.84B	$11.16B
Retained Earnings	($19.70B)	($17.96B)	($17.91B)	($7.55B)	($6.00B)	($8.03B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$4.74B	$4.33B	$2.16B	$4.74B	$6.50B	$6.52B
Investing Cash Flow	($4.30B)	($2.83B)	($1.20B)	$5.48B	($2.71B)	($3.56B)
Financing Cash Flow	($1.32B)	($1.85B)	($18.00M)	($9.31B)	($3.81B)	($4.25B)
CapEx	$4.37B	$3.23B	$3.10B	$3.02B	$2.90B	$3.73B
Free Cash Flow	$371.00M	$1.10B	($940.00M)	$1.72B	$3.60B	$2.79B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	46.5%	48.9%	50.9%	55.0%	56.9%	56.9%
Operating margin	-6.5%	3.5%	-65.8%	0.5%	21.8%	4.6%
EBITDA margin	15.6%	26.1%	-45.3%	19.1%	42.2%	27.4%
Net margin	-14.0%	-0.4%	-70.7%	-8.9%	10.3%	-5.9%
Free cash flow margin	3.0%	8.4%	-6.5%	9.8%	18.3%	13.5%
FCF / Net income	-0.21	-20.04	0.09	-1.11	1.77	-2.27
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	25.8%	22.7%	22.0%	17.6%	14.7%	16.7%
Effective tax rate	-	-	-	-	24.7%	-
Return on assets	-5.1%	-0.2%	-30.3%	-3.4%	3.5%	-2.1%
Return on equity	155.7%	-11.9%	-2469.5%	-14.8%	17.2%	-11.0%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.80	1.21	1.35	1.13	1.61	0.48
Quick ratio	1.80	1.21	1.35	1.13	1.61	0.48
Cash ratio	0.23	0.52	0.63	0.26	0.05	0.06
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-0.6x	0.3x	-8.3x	0.1x	2.8x	0.6x
Equity multiplier	-30.74	72.19	81.58	4.37	4.90	5.32
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.36	0.39	0.43	0.38	0.34	0.35
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	39d	34d	33d	31d	29d	35d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	83d	41d	58d	44d	33d	46d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	6.6x	-
P / B	-	11.3x	4.3x	0.5x	1.1x	0.9x
P / S	0.6x	0.4x	0.1x	0.3x	0.7x	0.5x
EV / EBITDA	3.5x	1.0x	-	1.2x	1.6x	1.8x
Growth
Revenue growth (YoY)	-5.4%	-10.0%	-16.7%	-11.2%	-4.9%	-7.5%
Revenue CAGR (3y)	-10.8%	-12.7%	-11.1%	-7.9%	-5.7%	5.5%
Revenue CAGR (5y)	-9.7%	-10.2%	-9.1%	-0.2%	2.4%	3.0%
Gross profit growth (YoY)	-10.0%	-13.6%	-22.9%	-14.2%	-4.9%	-4.4%
Operating income growth (YoY)	-	-	-	-97.8%	345.4%	-
Net income growth (YoY)	-3061.8%	99.5%	-565.2%	-	-	76.6%
EPS growth (YoY)	-2816.7%	99.4%	-580.5%	-	-	76.8%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	10.5%	-
FCF growth (YoY)	-66.3%	-	-	-52.3%	28.8%	-8.4%
FCF CAGR (5y)	-33.2%	-18.4%	-	17.4%	17.2%	4.2%
Book value growth (YoY)	-	11.3%	-96.0%	-11.8%	6.1%	-17.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$5.49B total

Business Segment$2.98B · 54.3%

Mass Market Segment$2.51B · 45.7%

Product / service

$5.49B total

Grow$1.77B · 32.2%

Other Broadband$950.00M · 17.3%

Fiber Broadband$883.00M · 16.1%

Nurture$769.00M · 14.0%

Voice And Other$674.00M · 12.3%

Harvest$298.00M · 5.4%

Other$143.00M · 2.6%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Telephone Communications (No Radiotelephone)

Company	Revenue (last FY)	Net margin	ROE
VZ	$138.19B	12.4%	16.2%
T	$125.65B	17.5%	17.4%
SHEN	$357.85M	-9.2%	-3.7%
CXDO	$68.17M	7.4%	7.9%
FYBR	-	-	-

Comparing Lumen Technologies against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Aug 29, 2022	$0.2500
May 27, 2022	$0.2500
Mar 7, 2022	$0.2500
Nov 26, 2021	$0.2500
Aug 27, 2021	$0.2500
May 28, 2021	$0.2500
Mar 5, 2021	$0.2500
Nov 27, 2020	$0.2500
Aug 28, 2020	$0.2500
May 29, 2020	$0.2500
Mar 6, 2020	$0.2500
Nov 29, 2019	$0.2500
Aug 29, 2019	$0.2500
May 31, 2019	$0.2500
Mar 11, 2019	$0.2500
Nov 23, 2018	$0.5400
Aug 30, 2018	$0.5400
Jun 1, 2018	$0.5400
Mar 2, 2018	$0.5400
Nov 24, 2017	$0.5400
Aug 31, 2017	$0.5400
Jun 1, 2017	$0.5400
Mar 1, 2017	$0.5400
Nov 23, 2016	$0.5400