Lumen Technologies Inc (LUMN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -10,237,000 | -11,277,000 | -10,255,000 | -1,112,000 | -991,000 | 2,870,000 | 2,649,000 | 2,870,000 | 2,701,000 | -186,000 | -422,000 | -583,000 | -782,000 | 1,775,000 | 1,705,000 | 1,694,000 | -4,766,000 | -7,480,000 | -7,561,000 | -7,826,000 |
| Revenue (ttm) | US$ in thousands | 14,557,000 | 14,840,000 | 15,589,000 | 16,540,000 | 17,478,000 | 18,525,000 | 19,022,000 | 19,334,000 | 19,687,000 | 19,965,000 | 20,245,000 | 20,513,000 | 20,712,000 | 21,157,000 | 21,340,000 | 21,523,000 | 21,722,000 | 21,930,000 | 22,398,000 | 22,925,000 |
| Pretax margin | -70.32% | -75.99% | -65.78% | -6.72% | -5.67% | 15.49% | 13.93% | 14.84% | 13.72% | -0.93% | -2.08% | -2.84% | -3.78% | 8.39% | 7.99% | 7.87% | -21.94% | -34.11% | -33.76% | -34.14% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-10,237,000K ÷ $14,557,000K
= -70.32%
The pretax margin of Lumen Technologies Inc has shown significant fluctuations over the eight quarters analyzed. In Q4 2023 and Q3 2023, the company reported negative pretax margins of -70.32% and -75.99%, indicating that its pre-tax income was significantly lower than its total revenue during those periods. These negative margins may raise concerns about the company's profitability and operational efficiency.
Prior to these quarters, in Q2 2023, Lumen Technologies Inc's pretax margin improved slightly to -65.78%, but still remained negative. The company's performance in Q1 2023 also showed a negative pretax margin of -6.72%, indicating challenges in generating profits before accounting for taxes.
In contrast, the pretax margins were positive in the preceding quarters. In Q4 2022, the company reported a pretax margin of -5.67%, which, though still negative, showed an improvement compared to the later periods. Q3 2022, Q2 2022, and Q1 2022 displayed positive pretax margins of 15.49%, 13.93%, and 14.84%, respectively, reflecting healthier profitability levels for Lumen Technologies Inc during those quarters.
The overall trend in Lumen Technologies Inc's pretax margin indicates volatility in its profitability over the analyzed period, with some quarters performing well and others experiencing significant challenges. Monitoring and addressing the factors contributing to the negative pretax margins will be crucial for the company to sustain and improve its financial performance in the future.
Peer comparison
Dec 31, 2023