Bandwidth vs Lumen Technologies
Lumen Technologies reported revenue of $12.4 billion in fiscal 2025, 16.5 times Bandwidth's $754 million in fiscal 2025. Bandwidth's revenue grew 0.7% in its latest year, and Lumen Technologies' fell 5.4%. Bandwidth had an operating margin of -1.9%, against -6.5% at Lumen Technologies. Free cash flow was $67 million at Bandwidth and $371 million at Lumen Technologies.
Side by side
| Bandwidth | Lumen Technologies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $754M | $12.4B |
| Revenue growth | 0.7% | −5.4% |
| Revenue growth a year, last 5 years | 17.0% | −9.7% |
| Gross margin | 39.1% | 46.5% |
| Operating margin | −1.9% | −6.5% |
| Net margin | −1.7% | −14.0% |
| Free cash flow | $67M | $371M |
| Free cash flow margin | 8.9% | 3.0% |
| Return on capital | −2.1% | −3.9% |
| Net debt to EBITDA | 3.6x | 8.7x |
| Dividends and buybacks | $0M | $1M |
| Change in diluted share count | 10.2% | 0.7% |
| Last close | $40.34 | $3.99 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | bought $1.1 million, sold $355,050 |
| Piotroski F-score | 6 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BandwidthLumen Technologies
Operating margin
Percent of revenue
BandwidthLumen Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BandwidthLumen Technologies
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Bandwidth and Lumen Technologies pages.