Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Lumen Technologies, Inc.

LUMN · NYSE · Telecom & media

Fundamental quality

WEAK

24

out of 100

Lumen Technologies, Inc. is going through a tough financial stretch: it hasn't been profitable over the last twelve months and its revenue is shrinking. On fundamental quality it scores 24 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its growth (revenue -9.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Lumen Technologies is the old CenturyLink phone company reinvented as a fiber business: hundreds of thousands of miles of optic cable crossing America, which the AI wave turned from relic into coveted asset — tech giants buy its fiber routes to connect their data centers.

What will shape its future

  • Fiber contracts with big tech, the lifeline that changed its story.
  • The decline of its legacy phone and enterprise business, the underlying bleed.
  • Heavy debt, restructured but still commanding its decisions.

Breakdown by area

I.Growth
9

Revenue growth: -9.7%

II.Profitability
12

Net margin: -8.7% · ROIC: 1.6%

III.Financial health
51

Net debt/EBITDA: 3.94x · FCF: 7.1%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 12 Telecom & media companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 36%
Growthbeats 0%
Cash generationbeats 40%
Less debtbeats 33%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Lumen Technologies, Inc. strengths

  • It has cut its net debt over the period.

Lumen Technologies, Inc. risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -8.7%).
  • Declining revenue (-9.7% annualized).
  • High leverage (net debt of 3.94× EBITDA): more exposed to rates and to a rough patch.

Lumen Technologies, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202020,712-1,2322,79531,431
202119,6872,0333,60128,628
202217,478-1,5481,71919,321
202314,557-10,298-94017,754
202413,108-551,10216,017
202512,402-1,73937116,438

Between 2020 and 2025, revenue went from $20,712M to $12,402M (-40%) and net income went from -$1,232M to -$1,739M (-41%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue-9.1%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score2024
  • Net margin-14.3%-8.7%
  • FCF margin3.7%7.1%
  • Net debt/EBITDA4.76×3.94×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0

per share, yearly

0.3% of free cash flow

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Lumen Technologies, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Lumen Technologies, Inc. a good company to invest in?

In terms of business quality, Lumen Technologies, Inc. scores 24 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Lumen Technologies, Inc. a profitable company?

Over the last twelve months, no: Lumen Technologies, Inc. posts a negative net margin (-8.7%).

Does Lumen Technologies, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 3.94 times its EBITDA.

Is Lumen Technologies, Inc. growing?

Its revenue has fallen 9.7% annualized in recent years.

Does Lumen Technologies, Inc. generate cash?

Yes. It converts about 7.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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