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With 450,000 route miles of fiber, Lumen Technologies is one of the United States’ largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 have shifted the company’s operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen has announced the sale of its consumer fiber network, but will maintain and harvest its legacy consumer copper network.
1968
25K+
LTM Revenue $12.8B
LTM EBITDA $3.4B
$20.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Lumen has a last 12-month revenue (LTM) of $12.8B and a last 12-month EBITDA of $3.4B.
In the most recent fiscal year, Lumen achieved revenue of $13.1B and an 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 | $12.8B | XXX | $13.1B | XXX | XXX | XXX |
| Gross Profit | $6.1B | XXX | $6.4B | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $3.4B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 31% | XXX | XXX | XXX |
| EBIT | $266M | XXX | $477M | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | -$632M | XXX | -$55.0M | XXX | XXX | XXX |
| Net Margin | -5% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $16.0B | XXX | XXX | XXX |
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As of July 7, 2025, Lumen's stock price is $5.
Lumen has current market cap of $4.7B, and EV of $20.7B.
See Lumen trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20.7B | $4.7B | XXX | XXX | XXX | XXX | $-0.60 |
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Start Free TrialAs of July 7, 2025, Lumen has market cap of $4.7B and EV of $20.7B.
Lumen's trades at 1.6x EV/Revenue multiple, and 5.1x EV/EBITDA.
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 -7.5x.
See valuation multiples for Lumen and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.7B | XXX | $4.7B | XXX | XXX | XXX |
| EV (current) | $20.7B | XXX | $20.7B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.1x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBIT | 77.9x | XXX | 43.5x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | -7.5x | XXX | -85.8x | XXX | XXX | XXX |
| EV/FCF | 20.0x | XXX | 18.8x | 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 -4%
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 -46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lumen's rule of X is 16% (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 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | -4% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -46% | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 16% | 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 | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | 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 60K+ 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, Jordan Telecom. |
| What is the current market cap of Lumen? | Lumen's current market cap is $4.7B |
| What is the current revenue of Lumen? | Lumen's last 12 months revenue is $12.8B. |
| What is the current revenue growth of Lumen? | Lumen revenue growth (NTM/LTM) is -4%. |
| What is the current EV/Revenue multiple of Lumen? | Current revenue multiple of Lumen is 1.6x. |
| 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 $3.4B. |
| 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 6.1x. |
| What is the current FCF of Lumen? | Lumen's last 12 months FCF is $1.0B. |
| What is Lumen's FCF margin? | Lumen's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Lumen? | Current FCF multiple of Lumen is 20.0x. |
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