LUMNNasdaqTelephone Communications (No Radiotelephone)Fiscal year ends December 31
Lumen Technologies, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$4.46−0.19 (-4.09%)
Close on Oct 19, 2026
- Market cap
- $4.48B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
46.5%−10.4 pts over 5 years
Operating margin
-6.5%−11.2 pts over 5 years
Net margin
-14.0%−8.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.4% | -10.8% | -9.7% | -3.6% | |
| Gross profit | -10.0% | -15.7% | -13.3% | -5.5% | |
| Free cash flow | -66.3% | -40.0% | -33.2% | -16.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.6% | -10.0% | 532.6% | |
| Return on assets | 1.3% | -2.0% | -5.1% | |
| Current ratio | 0.97 | 0.48 | 1.80 | |
| Debt to equity | 1.47 | 2.85 | -15.61 | |
| Net debt to EBITDA | 3.11× | 5.54× | 8.49× | |
| Interest coverage | 1.8× | 0.6× | -0.6× | |
| Capex to revenue | 17.1% | 18.0% | 35.2% | |
| Diluted shares | 541M | 1.08B | 995M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lumen Technologies generated $22.47B from operations and spent $19.70B on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$22.47B
Used
$19.70B
Capital expenditure$16.61B84%Dividends$1.88B10%Share buybacks$1.20B6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-14.0%
×Asset turnover0.37×
×Equity multiplier-103.89×
=Return on equity, FY2025532.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -14.0% | 0.37× | -103.89× | 532.6% |
| FY2024 | -0.4% | 0.39× | 76.63× | -12.5% |
| FY2023 | -70.7% | 0.37× | 7.38× | -190.9% |
| FY2022 | -8.9% | 0.34× | 4.68× | -14.0% |
| FY2021 | 10.3% | 0.34× | 5.12× | 17.7% |
| FY2020 | -5.9% | 0.33× | 5.04× | -10.0% |
| FY2019 | -24.6% | 0.32× | 4.05× | -31.6% |
| FY2018 | -7.7% | 0.31× | 3.37× | -8.0% |
| FY2017 | 7.9% | 0.29× | 3.32× | 7.5% |
| FY2016 | 3.6% | 0.37× | 3.45× | 4.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.74B
- Cash generatingOperating cash flow above zero$4.74B
- Return on assets improvedROA up on the prior year-0.2% → -5.2%
- Earnings backed by cashOperating cash flow above net income$4.74B vs -$1.74B
- Less leverageLong-term debt to assets fell52.2% → 50.5%
- Better liquidityCurrent ratio rose1.21 → 1.80
- No dilutionShare count did not rise988M → 995M
- Gross margin improvedGross margin up on the prior year48.86% → 46.48%
- More efficientAsset turnover rose0.39 → 0.37