Lumen Technologies, Inc. — Earnings Quality Grade F
LUMN · Communication Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 38 days, change +6 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -5.4%, CFFO 9.3%. Cash follows revenue
Expense Quality
Inventory 13.0% vs COGS -1.0%. Normal
CapEx growth 35.2% is >2x revenue growth -5.4%
SG&A/Gross Profit = 55.5%. Normal
Gross margin 46.5%, change -2.4pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.4B, FCF/NI = -0.21
Accruals ratio = -18.9%. Low accruals
Cash $1.0B covers only 6% of debt $17.7B
Balance Sheet Health
Goodwill+Intangibles $4.5B = -403% of equity. Manageable
Debt/EBITDA = 13.4x (>4x). Interest coverage = -0.1x (<2x). Financial stress
Other assets grew 25.3% vs revenue -5.4%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -33% YoY. Normal
Manipulation Score
M-Score = -3.34 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25