Business Overview We are a leading digital networking services company, empowering enterprise businesses to fuel growth in a multi-cloud, AI-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly. We are unleashing the world's digital potential by providing a broad array of integrated products and services to our customers. As of December 31, 2025, we had two segments, comprised of our Business segment, serving domestic and global customers, and our Mass Markets segment, serving domestic customers. We operate one of the world’s most interconnected communications networks. Our platform empowers our customers to swiftly adjust digital programs to meet immediate demands, create efficiencies, accelerate market access, and reduce costs, which allows our customers to rapidly evolve their IT programs to address dynamic changes. Our specific products and services are detailed below under the heading “Products and Services.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.4B | 12.4B | 13.1B | 14.6B | 17.5B | 19.7B |
| Net Income | -1.7B | -1.7B | -55M | -10.3B | -1.5B | 2.0B |
| EPS | $-1.75 | $-1.75 | $-0.06 | $-10.48 | $-1.54 | $1.91 |
| Free Cash Flow | 371M | 371M | 1.1B | -940M | 1.7B | 3.6B |
| ROIC | -4.1% | -10.2% | 3.0% | -50.9% | 0.3% | 7.7% |
| Gross Margin | 46.5% | 46.5% | 48.9% | 50.9% | 55.0% | 56.9% |
| Debt/Equity | 0.00 | -15.93 | 40.02 | 48.95 | 2.03 | 2.61 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.01 | $0.75 | $1.00 |
| Operating Income | -812M | -812M | 460M | -9.6B | 95M | 4.3B |
| Operating Margin | -6.5% | -6.5% | 3.5% | -65.8% | 0.5% | 21.8% |
| ROE | 0.0% | - | -11.9% | -2469.5% | -14.9% | 17.2% |
| Shares Outstanding | 994M | 994M | 917M | 983M | 1,005M | 1,064M |
Lumen Technologies, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 20.9x vs a median of 3.7x. The company's 5-year average gross margin is 51.6%. At current prices, the estimated annualized return to fair value is -29.3%.
Lumen Technologies, Inc. (LUMN) has a 5-year average return on invested capital (ROIC) of -10.0%. This is below average and may indicate limited pricing power.
Lumen Technologies, Inc. (LUMN) has a market capitalization of $7.8B. It is classified as a mid-cap stock.
Yes, Lumen Technologies, Inc. (LUMN) pays a dividend with a trailing twelve-month yield of 0.01%.
Lumen Technologies, Inc. (LUMN) operates in the Telephone Communications (No Radiotelephone) industry, within the Communication Services sector.
Lumen Technologies, Inc. (LUMN) reported annual revenue of $12.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Lumen Technologies, Inc. (LUMN) has a net profit margin of -14.0%. The company is currently unprofitable.
Lumen Technologies, Inc. (LUMN) generated $371 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Lumen Technologies, Inc. (LUMN) reported earnings per share (EPS) of $-1.75 in its most recent fiscal year.
Lumen Technologies, Inc. (LUMN) has a 5-year average gross margin of 51.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Lumen Technologies, Inc. (LUMN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Lumen Technologies, Inc. (LUMN) has a book value per share of $-1.12, based on its most recent annual SEC filing.