Lumen Technologies Inc (LUMN)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-9,584,000	95,000	4,285,000	962,000	-2,726,000
Revenue	US$ in thousands	14,557,000	17,478,000	19,687,000	20,712,000	21,458,000
Operating profit margin		-65.84%	0.54%	21.77%	4.64%	-12.70%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-9,584,000K ÷ $14,557,000K
= -65.84%

The operating profit margin of Lumen Technologies Inc has displayed fluctuations over the past five years. It decreased from 16.87% in 2019 to 17.40% in 2020, then rose to 21.77% in 2021, and further increased to 18.84% in 2022. However, there was a notable decline in the operating profit margin to 8.45% in 2023. This variability indicates potential shifts in the company's operational efficiency and cost structure. Further analysis would be necessary to understand the factors driving these changes and assess the company's ability to sustain its profitability levels in the future.