LUMN Lumen Technologies margins

Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 29
Gross margin
47.8%
Operating margin
-3.4%
EBITDA margin
19.5%
Net margin
-8.7%

Lumen Technologies reports its operating margin is negative at -3.4%, and its net margin is negative at -8.7%, alongside a gross margin of 47.8%, an operating margin of -3.4%, an EBITDA margin of 19.5%, and a net margin of -8.7%. Net margin showed the largest year-over-year gain at 0.5 percentage points, whereas operating margin showed the largest decline at 1.7 percentage points.

LUMN margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Lumen Technologies recorded average margins of 48.55% gross, -15.49% operating, 7.21% EBITDA, and -21.83% net. The current figures show operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

LUMN margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.1 percentage points and net margin by 0.5 percentage points, but operating margin contracted by 1.7 percentage points and EBITDA margin by 0.6 percentage points.

Gross margin expansion
0.1pp
Operating margin expansion
-1.7pp
EBITDA margin expansion
-0.6pp
Net margin expansion
0.5pp

LUMN Gross margin

The average gross margin for Lumen Technologies was 48.55% during the last 3 years. At present, the current gross margin for Lumen Technologies is 47.8%, 0.8 percentage points below its three-year average. The gross margin for Lumen Technologies moved between 46.5% in Dec 2025 and 50.9% in Dec 2023.

LUMN Operating margin

The average operating margin for Lumen Technologies was -15.49% during the last 3 years. The current operating margin of -3.4% is 12.1 percentage points above its three-year average. The operating margin for Lumen Technologies moved between -69.9% in Mar 2024 and 4% in Mar 2025.

LUMN EBITDA margin

Lumen Technologies's EBITDA margin averaged 7.21% over the last 3 years. Against its three-year average, Lumen Technologies's EBITDA margin is currently 19.5%, 12.3 percentage points above its three-year average. Over the last 3 years, Lumen Technologies's EBITDA margin peaked at 31.3% in Dec 2024 and reached a low of -47.1% in Mar 2024.

LUMN Net margin

Lumen Technologies recorded an average net margin of -21.83% across the last 3 years. The latest net margin for Lumen Technologies is -8.7%, 13.1 percentage points above its three-year average. Lumen Technologies's net margin ranged from a low of -76.2% in Mar 2024 to a high of -0.4% in Dec 2024.

LUMN margin group comparison

Margins compared with peer-group, industry and sector averages

Lumen Technologies's gross margin of 47.8% is below the Communication Services sector and the industry average. But compared to its Communication Services sector average of 49.3%, Lumen Technologies's gross margin is only 3% lower.

LUMN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lumen Technologies's gross margin?

The current gross margin for LUMN is 47.8% as of Jun 30, 2026.

What is Lumen Technologies's operating margin?

The current operating margin for LUMN is -3.4% as of Jun 30, 2026.

What is Lumen Technologies's EBITDA margin?

For the period ending Jun 30, 2026, LUMN recorded an EBITDA margin of 19.5%.

What is Lumen Technologies's net margin?

For the period ending Jun 30, 2026, LUMN recorded a net margin of -8.7%.

What are the average margins of LUMN?

Lumen Technologies's average margins over the last 3 years were 48.6% gross, -15.5% operating, 7.2% EBITDA, and -21.8% net.

What are the highest historical margins of LUMN?

Looking back across 5 years, LUMN reached 56.9% gross in Mar 2022, 24.5% operating in Sep 2022, 41.9% EBITDA in Dec 2021, and 11.2% net in Mar 2022.

What are the lowest historical margins of LUMN?

Over the last 5 years, Lumen Technologies's lowest margins were 46.5% gross in Dec 2025, -74.8% operating in Sep 2023, -47.8% EBITDA in Sep 2023, and -76.6% net in Sep 2023.