LUMN Chart
About

Lumen Technologies, Inc., a networking company, provides integrated products and services to business and mass customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber and conduit, edge cloud, internet protocol (IP), voice over IP, managed security, software-defined wide area networks, unified communications and collaboration, and optical services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice and private line; other legacy services, such as Synchronous Optical Network (SONET) based ethernet, legacy data hosting services, and conferencing services; and managed and professional service solutions, as well as sells communications equipment. The company also provides high speed and lower speed broadband service to residential and small business customers; local and long-distance voice services, professional services, and other ancillary services; and federal broadband and state support programs. It serves its products and services under the Lumen, CenturyLink, Black Lotus Labs, and Quantum Fiber brand name. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Telecom Services Market Cap 7.03B
Enterprise Value 24.67B Income -1.74B Sales 12.40B
Book/sh -1.09 Cash/sh 0.98 Dividend Yield
Payout 0.00% Employees 24000 IPO
P/E Forward P/E -23.79 PEG
P/S 0.57 P/B -6.29 P/C
EV/EBITDA 10.09 EV/Sales 1.99 Quick Ratio 0.64
Current Ratio 1.80 Debt/Eq LT Debt/Eq
EPS (ttm) -1.75 EPS next Y -0.29 EPS Growth
Revenue Growth -8.70% Earnings 2026-04-30 ROA -0.56%
ROE ROIC Gross Margin 46.48%
Oper. Margin -5.99% Profit Margin -14.02% Shs Outstand 1.02B
Shs Float 940.19M Short Float 7.13% Short Ratio 3.17
Short Interest 52W High 11.95 52W Low 3.01
Beta 1.57 Avg Volume 12.97M Volume 4.13M
Target Price $7.67 Recom Hold Prev Close $6.69
Price $6.86 Change 2.47%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.68
Mean price target
2. Current target
$6.88
Latest analyst target
3. DCF / Fair value
$-103.70
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.88
Low
$6.00
High
$10.00
Mean
$7.68

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Citigroup Neutral → Neutral $10
2026-02-05 main UBS Neutral → Neutral $6
2026-02-04 main Goldman Sachs Neutral → Neutral $7
2025-11-25 main RBC Capital Sector Perform → Sector Perform $8
2025-10-31 down Citigroup Buy → Neutral $11
2025-10-03 main Goldman Sachs Neutral → Neutral $5
2025-09-25 main Citigroup Buy → Buy $8
2025-08-01 main Raymond James Outperform → Outperform $5
2025-05-05 up Raymond James Market Perform → Outperform $5
2025-02-26 up Citigroup Neutral → Buy $7
2025-02-21 up Wells Fargo Underweight → Equal-Weight $5
2025-02-10 reit RBC Capital Sector Perform → Sector Perform $4
2024-12-20 reit RBC Capital Sector Perform → Sector Perform $4
2024-11-29 main Citigroup Neutral → Neutral $8
2024-11-06 main TD Cowen Hold → Hold $6
2024-11-06 main Goldman Sachs Neutral → Neutral $5
2024-10-04 main Goldman Sachs Neutral → Neutral $5
2024-08-16 down Wells Fargo Equal-Weight → Underweight $4
2024-08-08 main B of A Securities Underperform → Underperform $2
2024-08-07 main TD Cowen Hold → Hold $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 102100 Sale at price 10.21 per share. BEJAR MARTHA HELENA Director 2020-12-17 00:00:00 D
1 265 2687 Sale at price 10.14 per share. JONES HAL STANLEY Director 2020-06-18 00:00:00 D
2 16439 Stock Award(Grant) at price 0.00 per share. BOULET VIRGINIA Director 2020-05-20 00:00:00 D
3 16439 Stock Award(Grant) at price 0.00 per share. GLENN T MICHAEL Director 2020-05-20 00:00:00 D
4 16439 Stock Award(Grant) at price 0.00 per share. BROWN PETER C Director 2020-05-20 00:00:00 D
5 16439 Stock Award(Grant) at price 0.00 per share. CLONTZ STEVEN TERRELL Director 2020-05-20 00:00:00 D
6 16439 Stock Award(Grant) at price 0.00 per share. ROBERTS MICHAEL JAMES Director 2020-05-20 00:00:00 D
7 16439 Stock Award(Grant) at price 0.00 per share. CHILTON KEVIN P Director 2020-05-20 00:00:00 D
8 16439 Stock Award(Grant) at price 0.00 per share. HANKS WILLIAM BRUCE Director 2020-05-20 00:00:00 D
9 16439 Stock Award(Grant) at price 0.00 per share. SIEGEL LAURIE A Director 2020-05-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-487.44M105.21M-2.16B-626.64M
TaxRateForCalcs0.360.210.210.21
NormalizedEBITDA2.67B3.60B4.21B6.56B
TotalUnusualItems-1.35B501.00M-10.30B-2.98B
TotalUnusualItemsExcludingGoodwill-1.35B501.00M-10.30B-2.98B
NetIncomeFromContinuingOperationNetMinorityInterest-1.74B-55.00M-10.30B-1.55B
ReconciledDepreciation2.75B2.96B2.98B3.24B
ReconciledCostOfRevenue6.64B6.70B7.14B7.87B
EBITDA1.32B4.10B-6.09B3.58B
EBIT-1.43B1.14B-9.08B341.00M
NetInterestIncome-1.21B-1.25B-1.12B-1.33B
InterestExpense1.28B1.37B1.16B1.33B
InterestIncome75.00M119.00M41.00M24.00M
NormalizedIncome-872.44M-450.79M-2.16B809.36M
NetIncomeFromContinuingAndDiscontinuedOperation-1.74B-55.00M-10.30B-1.55B
TotalExpenses12.59B12.63B13.33B14.19B
TotalOperatingIncomeAsReported-812.00M460.00M-9.58B95.00M
DilutedAverageShares987.68M983.08M1.01B1.07B
BasicAverageShares987.68M983.08M1.01B1.06B
DilutedEPS-0.06-10.48-1.541.91
BasicEPS-0.06-10.48-1.541.92
DilutedNIAvailtoComStockholders-1.74B-55.00M-10.30B-1.55B
NetIncomeCommonStockholders-1.74B-55.00M-10.30B-1.55B
NetIncome-1.74B-55.00M-10.30B-1.55B
NetIncomeIncludingNoncontrollingInterests-1.74B-55.00M-10.30B-1.55B
NetIncomeContinuousOperations-1.74B-55.00M-10.30B-1.55B
TaxProvision-977.00M-175.00M61.00M557.00M
PretaxIncome-2.72B-230.00M-10.24B-991.00M
OtherIncomeExpense-1.32B546.00M-10.35B-2.95B
OtherNonOperatingIncomeExpenses31.00M45.00M-47.00M32.00M
SpecialIncomeCharges-1.37B331.00M-10.20B-2.98B
GainOnSaleOfPPE-700.00M0.00
GainOnSaleOfBusiness0.00-17.00M-121.00M73.00M
OtherSpecialCharges740.00M-348.00M-618.00M-214.00M
ImpairmentOfCapitalAssets628.00M0.0010.69B3.27B
GainOnSaleOfSecurity14.00M170.00M-107.00M-180.00M
NetNonOperatingInterestIncomeExpense-1.21B-1.25B-1.12B-1.33B
InterestExpenseNonOperating1.28B1.37B1.16B1.33B
InterestIncomeNonOperating75.00M119.00M41.00M24.00M
OperatingIncome-184.00M477.00M1.23B3.29B
OperatingExpense5.95B5.93B6.18B6.32B
DepreciationAmortizationDepletionIncomeStatement2.75B2.96B2.98B3.24B
DepreciationAndAmortizationInIncomeStatement2.75B2.96B2.98B3.24B
Amortization1.00B1.07B1.05B1.11B
AmortizationOfIntangiblesIncomeStatement1.00B1.07B1.05B1.11B
DepreciationIncomeStatement1.75B1.89B1.93B2.13B
SellingGeneralAndAdministration3.20B2.97B3.20B3.08B
GeneralAndAdministrativeExpense3.20B2.97B3.20B3.08B
OtherGandA3.20B2.97B3.20B3.08B
SalariesAndWages152.00M158.00M-1.00M295.00M
GrossProfit5.76B6.41B7.41B9.61B
CostOfRevenue6.64B6.70B7.14B7.87B
TotalRevenue12.40B13.11B14.56B17.48B
OperatingRevenue12.40B13.11B14.56B17.48B
Line Item2025-12-312024-12-312023-12-312022-12-31
PreferredSharesNumber7.00K7.00K7.00K7.00K
OrdinarySharesNumber1.03B1.01B1.01B1.00B
ShareIssued1.03B1.01B1.01B1.00B
NetDebt16.44B16.02B17.75B19.32B
TotalDebt17.71B18.16B20.26B20.92B
TangibleBookValue-5.62B-6.31B-7.02B-8.45B
InvestedCapital16.32B18.37B20.41B30.95B
WorkingCapital3.52B755.00M1.24B554.00M
NetTangibleAssets-5.62B-6.31B-7.02B-8.45B
CapitalLeaseObligations266.00M253.00M268.00M344.00M
CommonStockEquity-1.12B464.00M417.00M10.37B
TotalCapitalization16.24B17.96B20.25B30.79B
TotalEquityGrossMinorityInterest-1.12B464.00M417.00M10.37B
StockholdersEquity-1.12B464.00M417.00M10.37B
GainsLossesNotAffectingRetainedEarnings-601.00M-723.00M-810.00M-1.10B
OtherEquityAdjustments-601.00M-723.00M-810.00M-1.10B
RetainedEarnings-19.70B-17.96B-17.91B-7.61B
AdditionalPaidInCapital0.000.0018.13B18.08B
CapitalStock19.18B19.15B1.01B1.00B
CommonStock19.18B19.15B1.01B1.00B
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest35.46B33.03B33.60B35.24B
TotalNonCurrentLiabilitiesNetMinorityInterest31.07B29.39B30.07B30.34B
OtherNonCurrentLiabilities2.94B3.07B2.65B2.61B
EmployeeBenefits2.10B2.21B2.49B2.39B
NonCurrentPensionAndOtherPostretirementBenefitPlans2.10B2.21B2.49B2.39B
NonCurrentDeferredLiabilities8.68B6.62B5.10B4.92B
NonCurrentDeferredRevenue6.41B3.73B1.97B1.76B
NonCurrentDeferredTaxesLiabilities2.27B2.89B3.13B3.16B
LongTermDebtAndCapitalLeaseObligation17.35B17.49B19.83B20.42B
LongTermDebt17.35B17.49B19.83B20.42B
CurrentLiabilities4.39B3.64B3.53B4.90B
OtherCurrentLiabilities241.00M179.00M213.00M728.00M
CurrentDeferredLiabilities1.00B861.00M647.00M596.00M
CurrentDeferredRevenue1.00B861.00M647.00M596.00M
CurrentDebtAndCapitalLeaseObligation354.00M665.00M425.00M498.00M
CurrentCapitalLeaseObligation266.00M253.00M268.00M344.00M
CurrentDebt88.00M412.00M157.00M154.00M
OtherCurrentBorrowings88.00M412.00M157.00M154.00M
PayablesAndAccruedExpenses2.79B1.93B2.25B3.08B
CurrentAccruedExpenses1.00B913.00M864.00M873.00M
InterestPayable149.00M197.00M168.00M181.00M
Payables1.79B1.02B1.39B2.20B
TotalTaxPayable279.00M272.00M251.00M1.16B
AccountsPayable1.51B749.00M1.13B1.04B
TotalAssets34.34B33.50B34.02B45.61B
TotalNonCurrentAssets26.48B29.10B29.24B40.16B
OtherNonCurrentAssets2.40B1.91B2.05B2.17B
GoodwillAndOtherIntangibleAssets4.50B6.77B7.43B18.82B
OtherIntangibleAssets4.50B4.81B5.47B6.17B
Goodwill0.001.96B1.96B12.66B
NetPPE19.57B20.42B19.76B19.17B
AccumulatedDepreciation-23.74B-23.12B-21.32B-19.89B
GrossPPE43.32B43.54B41.08B39.05B
ConstructionInProgress2.47B2.14B2.76B2.01B
MachineryFurnitureEquipment33.21B33.96B30.96B29.53B
BuildingsAndImprovements7.01B6.80B6.71B6.86B
LandAndImprovements629.00M630.00M646.00M651.00M
Properties0.000.000.000.00
CurrentAssets7.91B4.39B4.78B5.45B
OtherCurrentAssets18.00M22.00M14.00M5.00M
AssetsHeldForSaleCurrent4.29B24.00M104.00M1.89B
CurrentDeferredAssets234.00M211.00M209.00M223.00M
PrepaidAssets404.00M372.00M395.00M319.00M
Inventory165.00M146.00M209.00M236.00M
Receivables1.80B1.73B1.61B1.53B
ReceivablesAdjustmentsAllowances-67.00M-59.00M-67.00M-85.00M
OtherReceivables93.00M125.00M223.00M294.00M
TaxesReceivable468.00M483.00M273.00M0.00
NotesReceivable0.0056.00M
AccountsReceivable1.31B1.18B1.18B1.32B
CashCashEquivalentsAndShortTermInvestments1.00B1.89B2.23B1.25B
CashAndCashEquivalents1.00B1.89B2.23B1.25B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow371.00M1.10B-940.00M1.72B
RepurchaseOfCapitalStock0.000.00-200.00M-1.00B
RepaymentOfDebt-8.82B-2.68B-185.00M-8.09B
IssuanceOfDebt8.16B1.32B0.000.00
CapitalExpenditure-4.37B-3.23B-3.10B-3.02B
InterestPaidSupplementalData1.22B1.25B1.14B1.36B
IncomeTaxPaidSupplementalData18.00M1.30B76.00M112.00M
EndCashPosition1.01B1.90B2.25B1.31B
BeginningCashPosition1.90B2.25B1.31B409.00M
ChangesInCash-886.00M-348.00M941.00M898.00M
FinancingCashFlow-1.32B-1.85B-18.00M-9.31B
CashFlowFromContinuingFinancingActivities-1.32B-1.85B-18.00M-9.31B
NetOtherFinancingCharges-658.00M-295.00M-22.00M-40.00M
CashDividendsPaid-1.00M-3.00M-11.00M-780.00M
NetCommonStockIssuance0.000.00-200.00M-1.00B
CommonStockPayments0.000.00-200.00M-1.00B
NetIssuancePaymentsOfDebt-660.00M-1.55B15.00M-8.29B
NetShortTermDebtIssuance0.00-200.00M200.00M-200.00M
NetLongTermDebtIssuance-660.00M-1.35B-185.00M-8.09B
LongTermDebtPayments-8.82B-2.68B-185.00M-8.09B
LongTermDebtIssuance8.16B1.32B0.000.00
InvestingCashFlow-4.30B-2.83B-1.20B5.48B
CashFlowFromContinuingInvestingActivities-4.30B-2.83B-1.20B5.48B
NetOtherInvestingChanges15.00M20.00M-12.00M3.00M
NetBusinessPurchaseAndSale0.0015.00M1.75B8.37B
SaleOfBusiness0.0015.00M1.75B8.37B
NetPPEPurchaseAndSale47.00M366.00M165.00M120.00M
SaleOfPPE47.00M366.00M165.00M120.00M
CapitalExpenditureReported-4.37B-3.23B-3.10B-3.02B
OperatingCashFlow4.74B4.33B2.16B4.74B
CashFlowFromContinuingOperatingActivities4.74B4.33B2.16B4.74B
ChangeInWorkingCapital2.73B2.35B-999.00M798.00M
ChangeInOtherWorkingCapital2.25B2.72B181.00M-114.00M
ChangeInPayablesAndAccruedExpense632.00M-202.00M-97.00M98.00M
ChangeInPayable632.00M-202.00M-97.00M98.00M
ChangeInAccountPayable632.00M-202.00M-97.00M98.00M
ChangeInTaxPayable-1.19B972.00M-69.00M
ChangeInIncomeTaxPayable-1.19B972.00M-69.00M
ChangeInReceivables-148.00M-170.00M-1.08B814.00M
ChangesInAccountReceivables-168.00M19.00M102.00M-158.00M
OtherNonCashItems78.00M-186.00M-7.00M19.00M
StockBasedCompensation48.00M29.00M52.00M98.00M
UnrealizedGainLossOnInvestmentSecurities0.0010.00M97.00M191.00M
ProvisionandWriteOffofAssets70.00M72.00M100.00M133.00M
AssetImpairmentCharge737.00M83.00M10.72B3.28B
DeferredTax-705.00M-209.00M8.00M-1.23B
DeferredIncomeTax-705.00M-209.00M8.00M-1.23B
DepreciationAmortizationDepletion2.75B2.96B2.98B3.24B
DepreciationAndAmortization2.75B2.96B2.98B3.24B
AmortizationCashFlow1.00B1.07B1.05B1.11B
AmortizationOfIntangibles1.00B1.07B1.05B1.11B
Depreciation1.75B1.89B1.93B2.13B
OperatingGainsLosses770.00M-717.00M-498.00M-241.00M
PensionAndEmployeeBenefitExpense30.00M-181.00M-1.00M46.00M
GainLossOnInvestmentSecurities-205.00M
GainLossOnSaleOfBusiness0.0017.00M121.00M-73.00M
NetIncomeFromContinuingOperations-1.74B-55.00M-10.30B-1.55B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LUMN
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status