Lumen Technologies Inc (LUMN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -10,298,000 | -1,548,000 | 2,033,000 | -1,232,000 | -5,269,000 |
| Revenue | US$ in thousands | 14,557,000 | 17,478,000 | 19,687,000 | 20,712,000 | 21,458,000 |
| Net profit margin | -70.74% | -8.86% | 10.33% | -5.95% | -24.55% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-10,298,000K ÷ $14,557,000K
= -70.74%
Lumen Technologies Inc's net profit margin has seen significant fluctuations over the past five years, ranging from -70.74% in 2023 to 10.33% in 2021. The negative net profit margins in 2020, 2019, and 2023 suggest that the company's expenses and costs have exceeded its revenue during those years. However, the positive net profit margin in 2021 indicates that Lumen Technologies Inc was able to generate a profit after accounting for all expenses in that particular year.
The wide variance in net profit margins over the years may indicate volatility in the company's financial performance and efficiency in managing its costs. Further analysis of the company's income statement and cost structure would be necessary to understand the factors contributing to these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023