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Lumen Technologies, Inc. (LUMN) Financials

LUMN
Trailing 12 months to June 30, 2026
Revenue $11.8B -7.7% YoY
Net Income -$1.0B +13.1% YoY
EPS (Diluted) -$1.02 +14.3% YoY
Free Cash Flow $837.0M -10.8% YoY
Market Cap $5.8B as of Oct 2, 2026
Price / Sales 0.5x on $11.8B revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LUMN SEC filings page.

Lumen Technologies, Inc. (LUMN) reported $11.8B in revenue over the twelve months to Jun 30, 2026, down 7.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LUMN FY2025

Lumen’s dominant mechanic is capital-intensive cash generation paired with deteriorating margins and a balance sheet that has moved into negative equity.

Operating cash flow stayed near $4.7B in FY2025 versus $4.3B in FY2024, even as net income remained negative, so reported cash generation is being supported by non-cash and working-capital effects rather than bottom-line profit. The conversion weakens after reinvestment: free cash flow fell from $1.1B to $371M as capital expenditures increased sharply.

Gross margin compressed from 48.9% in FY2024 to 46.5% in FY2025, while operating margin moved from positive to negative. With SG&A rising despite declining sales, the pattern indicates weaker operating-cost absorption rather than merely a smaller revenue base.

The balance sheet lost its equity cushion: equity moved from $464M in FY2024 to -$1.12B in FY2025, leaving liabilities above assets. The current ratio improved to 1.8x, but that short-term measure coexists with negative total equity, so liquidity and solvency are telling different stories.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 23 / 100
Financial Health Score 23/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lumen Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
14

Lumen Technologies, Inc. has an operating margin of -6.6%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 14/100. This is down from 3.5% the prior year.

Growth
12

Lumen Technologies, Inc.'s revenue declined 5.4% year-over-year, from $13.1B to $12.4B. This contraction results in a growth score of 12/100.

Leverage
6
Liquidity
53

Lumen Technologies, Inc.'s current ratio of 1.80 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
36

While Lumen Technologies, Inc. generated $4.7B in operating cash flow, capex of $4.4B consumed most of it, leaving $371.0M in free cash flow. This results in a low score of 36/100, reflecting heavy capital investment rather than weak cash generation.

Returns
18
Altman Z-Score Distress
-0.30

Lumen Technologies, Inc. scores -0.30, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.8B) relative to total liabilities ($35.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
4/9

Lumen Technologies, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

Lumen Technologies, Inc. reported a net loss of $1.7B while generating $4.7B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Lumen Technologies, Inc. reported an operating loss of $812.0M against $1.3B in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.8B
YoY-9.3%
QoQ-3.2%
5Y CAGR-10.6%
10Y CAGR-4.4%

Lumen Technologies, Inc. generated $2.8B in revenue in Q2 2026. This represents a decrease of 9.3% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.

EBITDA
$580.0M
YoY+582.4%
QoQ-54.2%
5Y CAGR-22.3%
10Y CAGR-9.8%

Lumen Technologies, Inc.'s EBITDA was $580.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 582.4% from the same quarter a year earlier. Against the prior quarter it is down 54.2%.

Net Income
-$201.0M
YoY+78.0%
QoQ-0.5%

Lumen Technologies, Inc. reported -$201.0M in net income in Q2 2026. This represents an increase of 78.0% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

EPS (Diluted)
-$0.20
YoY+78.3%
QoQ0.0%

Lumen Technologies, Inc. earned -$0.20 per diluted share (EPS) in Q2 2026. This represents an increase of 78.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Cash & Balance Sheet

Free Cash Flow
$69.0M
YoY+121.5%
QoQ-81.8%
5Y CAGR-41.3%
10Y CAGR-18.4%

Lumen Technologies, Inc. generated $69.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 121.5% from the same quarter a year earlier. Against the prior quarter it is down 81.8%.

Cash & Debt
$1.9B
YoY+19.6%
QoQ+15.4%
5Y CAGR+14.9%
10Y CAGR+25.7%

Lumen Technologies, Inc. held $1.9B in cash against $13.2B in long-term debt as of Q2 2026.

Shares Outstanding
1.03B
YoY+0.5%
QoQ+0.1%
5Y CAGR-1.4%
10Y CAGR+6.6%

Lumen Technologies, Inc. had 1.03B shares outstanding in Q2 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
49.5%
YoY+2.1pp
QoQ-1.0pp
5Y change-7.5pp

Lumen Technologies, Inc.'s gross margin was 49.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Operating Margin
-3.1%
YoY+16.4pp
QoQ-23.9pp
5Y change-23.6pp
10Y change-17.8pp

Lumen Technologies, Inc.'s operating margin was -3.1% in Q2 2026, reflecting core business profitability. This is up 16.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.9 percentage points.

Net Margin
-7.2%
YoY+22.4pp
QoQ-0.3pp
5Y change-17.4pp
10Y change-11.6pp

Lumen Technologies, Inc.'s net profit margin was -7.2% in Q2 2026, showing the share of revenue converted to profit. This is up 22.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures
$902.0M
YoY+1.2%
QoQ-4.3%
5Y CAGR+6.9%
10Y CAGR+3.3%

Lumen Technologies, Inc. invested $902.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 4.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

LUMN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUMN quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$2.8B-9.3%$2.9B-8.9%$3.0B-8.7%$3.1B-4.2%$3.1B-5.4%$3.2B-3.3%$3.3B-5.3%$3.2B-11.5%
Cost of Revenue$1.4B-12.9%$1.4B-14.9%$1.6B-4.6%$1.7B+0.5%$1.6B-1.8%$1.7B+2.1%$1.7B-1.8%$1.7B-8.5%
Gross Profit$1.4B-5.3%$1.5B-2.1%$1.4B-12.9%$1.4B-9.3%$1.5B-9.1%$1.5B-8.7%$1.6B-8.8%$1.5B-14.6%
SG&A Expenses$779.0M+3.2%$794.0M+17.6%$940.0M+32.2%$829.0M+19.1%$755.0M+1.8%$675.0M-18.0%$711.0M-20.6%$696.0M-12.0%
Operating Income-$88.0M+85.4%$602.0M+462.6%-$200.0M-229.9%-$116.0M-192.1%-$603.0M-546.7%$107.0M+137.8%$154.0M+108.7%$126.0M-43.5%
EBITDA$580.0M+582.4%$1.3B+54.4%$474.0M-48.0%$558.0M-33.0%$85.0M-90.3%$820.0M+3.4%$912.0M+189.0%$833.0M-14.8%
Interest Expense$201.0M-40.5%$225.0M-35.2%$280.0M-21.6%$319.0M-9.1%$338.0M-9.4%$347.0M+19.2%$357.0M+23.1%$351.0M+19.0%
Income Tax-$54.0M+76.9%$377.0M+956.8%-$507.0M-148.5%-$192.0M-700.0%-$234.0M-3025.0%-$44.0M-197.8%-$204.0M-38.8%-$24.0M-242.9%
Net Income-$201.0M+78.0%-$200.0M+0.5%-$2.0M-102.4%-$621.0M-319.6%-$915.0M-1767.3%-$201.0M-452.6%$85.0M+104.3%-$148.0M-89.7%
EPS (Basic)-$0.20+78.3%-$0.200.0%$0.00-100.0%-$0.62-313.3%-$0.92-1740.0%-$0.20-433.3%$0.08+103.9%-$0.15-87.5%
EPS (Diluted)-$0.20+78.3%-$0.200.0%$0.00-100.0%-$0.62-313.3%-$0.92-1740.0%-$0.20-433.3%$0.08+103.9%-$0.15-87.5%
Diluted Shares (Avg)1.00B+1.0%999M+0.8%N/A996M+0.7%995M+0.7%991M+0.5%N/A989M+0.5%

Not reported in any period shown, so not listed: R&D Expenses.

LUMN Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUMN quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$30.8B-6.7%$30.6B-8.7%$34.3B+2.5%$34.3B+0.9%$33.0B+0.1%$33.5B+1.1%$33.5B-1.5%$34.0B-5.4%
Current Assets$4.1B-46.9%$4.1B-3.6%$7.9B+80.0%$8.7B+83.8%$7.7B+105.8%$4.3B+8.7%$4.4B-8.0%$4.7B+1.9%
Cash & Equivalents$1.9B+19.6%$1.6B-14.5%$1.0B-46.9%$2.4B-9.1%$1.6B+4.9%$1.9B+20.3%$1.9B-15.4%$2.6B+748.9%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$1.4B+8.8%$1.6B+35.8%$1.3B+6.7%$1.3B+3.1%$1.3B-2.2%$1.2B-10.7%$1.2B-6.6%$1.2B-13.2%
Long-Term Investments$0$0$0$0$0$0$0$0
GoodwillN/AN/A$0-100.0%$0-100.0%$0-100.0%$2.0B0.0%$2.0B0.0%$2.0B-49.2%
Total Liabilities$32.3B-3.9%$31.9B-3.9%$35.5B+7.3%$35.5B+5.4%$33.6B+3.4%$33.2B+1.8%$33.0B-1.7%$33.6B-0.3%
Current Liabilities$4.3B+17.4%$4.2B+17.7%$4.4B+20.6%$3.9B-0.2%$3.6B-2.8%$3.5B-7.1%$3.6B+3.0%$3.9B+0.5%
Non-Current Liabilities$28.0B-6.5%$27.8B-6.5%$31.1B+5.7%$31.5B+6.1%$29.9B+4.2%$29.7B+2.9%$29.4B-2.2%$29.7B-0.5%
Long-Term Debt$13.2B-25.1%$12.9B-25.4%$17.4B-0.8%$17.6B-3.1%$17.6B-4.6%$17.3B-6.8%$17.5B-11.8%$18.1B-8.1%
Total Equity-$1.5B-150.1%-$1.3B-555.7%-$1.1B-340.7%-$1.2B-443.0%-$595.0M-227.7%$289.0M-42.7%$464.0M+11.3%$342.0M-84.1%
Retained Earnings-$20.1B-5.4%-$19.9B-9.6%-$19.7B-9.7%-$19.7B-9.2%-$19.1B-6.6%-$18.2B-1.8%-$18.0B-0.3%-$18.0B-13.9%

Not reported in any period shown, so not listed: Inventory.

LUMN Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUMN quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$971.0M+70.4%$1.3B+20.8%$562.0M-18.3%$2.5B+23.6%$570.0M+11.5%$1.1B-0.6%$688.0M-12.2%$2.0B+130.6%
Depreciation & Amortization$668.0M-2.9%$664.0M-6.9%$674.0M-11.1%$674.0M-4.7%$688.0M-7.4%$713.0M-4.7%$758.0M+0.9%$707.0M-6.4%
Stock-Based CompensationN/A$13.0M+30.0%N/AN/AN/A$10.0M-28.6%N/AN/A
Capital Expenditures$902.0M+1.2%$943.0M+19.2%$1.6B+79.7%$1.0B+22.5%$891.0M+18.3%$791.0M+10.9%$915.0M+11.4%$850.0M+0.8%
Free Cash Flow$69.0M+121.5%$380.0M+25.0%-$1.1B-376.7%$1.5B+24.4%-$321.0M-32.6%$304.0M-21.9%-$227.0M-513.5%$1.2B+3010.5%
Investing Cash Flow-$894.0M-2.4%$4.0B+626.7%-$1.6B-96.9%-$1.0B-27.6%-$873.0M-76.0%-$769.0M-10.2%-$831.0M-180.6%-$805.0M+2.7%
Financing Cash Flow$174.0M+680.0%-$4.8B-1413.1%-$324.0M+46.9%-$651.0M-703.7%-$30.0M+70.0%-$314.0M+70.4%-$610.0M-834.9%-$81.0M+53.2%
Dividends PaidN/AN/AN/AN/AN/A$1.0M-66.7%$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Share Buybacks.

LUMN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUMN quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin49.5%+2.1pp50.5%+3.5pp46.5%-2.2pp44.9%-2.5pp47.5%-1.9pp47.0%-2.8pp48.8%-1.9pp47.5%-1.7pp
Operating Margin-3.1%+16.4pp20.8%+17.4pp-6.6%-11.2pp-3.8%-7.7pp-19.5%-23.6pp3.4%+2.0pp4.6%+55.1pp3.9%-2.2pp
Net Margin-7.2%+22.4pp-6.9%-0.6pp-0.1%-2.6pp-20.1%-15.5pp-29.6%-28.1pp-6.3%-8.1pp2.5%+59.3pp-4.6%-2.5pp
Return on EquityN/AN/AN/AN/AN/A-69.5%-80.9pp18.3%+496.7pp-43.3%-39.6pp
Return on Assets-0.7%+2.1pp-0.7%0.0pp0.0%-0.3pp-1.8%-1.4pp-2.8%-2.6pp-0.6%-0.8pp0.3%+6.1pp-0.4%-0.2pp
Current Ratio0.96-1.2x0.99-0.2x1.80+0.6x2.21+1.0x2.13+1.1x1.21+0.2x1.21-0.1x1.200.0x
Debt-to-EquityN/AN/AN/AN/AN/A59.98+23.1x37.70-9.9x53.05+43.9x
Asset Turnover0.090.0x0.090.0x0.090.0x0.090.0x0.090.0x0.090.0x0.100.0x0.090.0x
FCF Margin2.5%+12.8pp13.1%+3.6pp-35.6%-28.8pp47.6%+10.9pp-10.4%-3.0pp9.6%-2.3pp-6.8%-5.8pp36.7%+35.7pp

Note: Shareholder equity is negative (-$1.1B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Lumen Technologies, Inc. LUMN FY2025 $12.4B -$1.7B -14.0% $5.8B 23/100
Frontier Communications Parent, Inc. FYBR FY2024 $5.9B -$322.0M -5.4% $9.6B 29/100
Liberty Broadband Corporation LBRDK FY2025 N/A -$2.7B N/A $5.2B —
Liberty Broadband Corporation LBRDA FY2025 N/A -$2.7B N/A $5.2B —

Frequently Asked Questions

What is Lumen Technologies, Inc.'s annual revenue?

Lumen Technologies, Inc. (LUMN) reported $12.4B in total revenue for fiscal year 2025. This represents a -5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lumen Technologies, Inc.'s revenue growing?

Lumen Technologies, Inc. (LUMN) revenue declined by 5.4% year-over-year, from $13.1B to $12.4B in fiscal year 2025.

Is Lumen Technologies, Inc. profitable?

No, Lumen Technologies, Inc. (LUMN) reported a net income of -$1.7B in fiscal year 2025, with a net profit margin of -14.0%.

Lumen Technologies, Inc. (LUMN) reported diluted earnings per share of -$1.75 for fiscal year 2025. This represents a -2816.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lumen Technologies, Inc. (LUMN) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Lumen Technologies, Inc. (LUMN) had $1.0B in cash and equivalents against $17.4B in long-term debt.

Lumen Technologies, Inc. (LUMN) had a gross margin of 46.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lumen Technologies, Inc. (LUMN) had an operating margin of -6.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Lumen Technologies, Inc. (LUMN) had a net profit margin of -14.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Lumen Technologies, Inc. (LUMN) generated $371.0M in free cash flow during fiscal year 2025. This represents a -66.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Lumen Technologies, Inc. (LUMN) generated $4.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lumen Technologies, Inc. (LUMN) had $34.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Lumen Technologies, Inc. (LUMN) invested $4.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Lumen Technologies, Inc. (LUMN) had 1.02B shares outstanding as of fiscal year 2025.

Lumen Technologies, Inc. (LUMN) had a current ratio of 1.80 as of fiscal year 2025, which is generally considered healthy.

Lumen Technologies, Inc. (LUMN) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Lumen Technologies, Inc. (LUMN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $5.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Lumen Technologies, Inc. (LUMN) trades at 0.5x sales, its market capitalization divided by revenue of $11.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Lumen Technologies, Inc. (LUMN) has negative shareholder equity of -$1.1B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Lumen Technologies, Inc. (LUMN) has an Altman Z-Score of -0.30, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Lumen Technologies, Inc. (LUMN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Lumen Technologies, Inc. (LUMN) reported a net loss of $1.7B while generating $4.7B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Lumen Technologies, Inc. (LUMN) reported an operating loss of $812.0M against $1.3B in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Lumen Technologies, Inc. (LUMN) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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