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Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017 and the 2022 divestiture of much of its local phone business in rural areas and small markets shifted the company’s operations away from the legacy consumer business and toward enterprises services, which account for about 75% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access. Lumen has announced the sale of its remaining consumer fiber network to AT&T, which will further shift its focus to enterprise customers.
1968
25K+
LTM Revenue $12.5B
LTM EBITDA $3.3B
$23.7B
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As of September 2025, Lumen reported last 12-month revenue of $12.5B and EBITDA of $3.3B.
In the same period, Lumen generated $6.0B in LTM gross profit and -$811M in net income.
See Lumen valuation multiples based on analyst estimatesIn the most recent fiscal year, Lumen reported revenue of $13.1B and EBITDA of $4.1B.
Lumen expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lumen valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $12.5B | XXX | $13.1B | XXX | XXX | XXX |
| Gross Profit | $6.0B | XXX | $6.4B | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $3.3B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 31% | XXX | XXX | XXX |
| EBIT | -$43.0M | XXX | $477M | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | -$811M | XXX | -$55.0M | XXX | XXX | XXX |
| Net Margin | -6% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $16.0B | XXX | XXX | XXX |
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Lumen has current market cap of $7.0B, and EV of $23.7B.
As of October 15, 2025, Lumen's stock price is $7.
See Lumen trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23.7B | $7.0B | XXX | XXX | XXX | XXX | $-0.69 |
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Start Free TrialLumen's trades at 1.8x EV/Revenue multiple, and 5.8x EV/EBITDA.
See valuation multiples for Lumen and 15K+ public compsAs of October 15, 2025, Lumen has market cap of $7.0B and EV of $23.7B.
Equity research analysts estimate Lumen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lumen has a P/E ratio of -8.7x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7.0B | XXX | $7.0B | XXX | XXX | XXX |
| EV (current) | $23.7B | XXX | $23.7B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | -550.1x | XXX | 49.6x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | -8.7x | XXX | -128.2x | XXX | XXX | XXX |
| EV/FCF | 19.3x | XXX | 21.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialLumen's last 12 month revenue growth is -5%
Lumen's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Lumen's rule of 40 is -47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lumen's rule of X is 13% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Lumen and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -5% | XXX | -6% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -47% | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 45% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Sudatel Telecom Group Limited | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lumen acquired XXX companies to date.
Last acquisition by Lumen was XXXXXXXX, XXXXX XXXXX XXXXXX . Lumen acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was Lumen founded? | Lumen was founded in 1968. |
| Where is Lumen headquartered? | Lumen is headquartered in United States of America. |
| How many employees does Lumen have? | As of today, Lumen has 25K+ employees. |
| Who is the CEO of Lumen? | Lumen's CEO is Ms. Kate E. Johnson. |
| Is Lumen publicy listed? | Yes, Lumen is a public company listed on NYS. |
| What is the stock symbol of Lumen? | Lumen trades under LUMN ticker. |
| When did Lumen go public? | Lumen went public in 1978. |
| Who are competitors of Lumen? | Similar companies to Lumen include e.g. e&, Space42, Sudatel Telecom Group Limited, Jordan Telecom. |
| What is the current market cap of Lumen? | Lumen's current market cap is $7.0B |
| What is the current revenue of Lumen? | Lumen's last 12 months revenue is $12.5B. |
| What is the current revenue growth of Lumen? | Lumen revenue growth (NTM/LTM) is -5%. |
| What is the current EV/Revenue multiple of Lumen? | Current revenue multiple of Lumen is 1.9x. |
| Is Lumen profitable? | Yes, Lumen is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lumen? | Lumen's last 12 months EBITDA is $3.3B. |
| What is Lumen's EBITDA margin? | Lumen's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Lumen? | Current EBITDA multiple of Lumen is 7.1x. |
| What is the current FCF of Lumen? | Lumen's last 12 months FCF is $1.2B. |
| What is Lumen's FCF margin? | Lumen's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Lumen? | Current FCF multiple of Lumen is 19.3x. |
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