Lumen Technologies vs Uniti Group
Add, change or remove companies; up to four.
The short version
- Lumen Technologies is the larger business, with $12.4B of revenue in fiscal 2025 against $2.2B for Uniti Group, about 5.6 times as much.
- Uniti Group grew revenue faster (91.5%, against β5.4%).
- Uniti Group kept more of each dollar of sales as operating profit (11.7% operating margin, against β6.6%).
- Lumen Technologies turned more of its sales into free cash flow (3.0% FCF margin, against β19.6%).
- Uniti Group earned a higher return on the capital invested in it (4.0%, against β3.9%).
| Latest fiscal year | LUMN Β· FY25 | UNIT Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.6B | $1.3B |
| Revenue | $12.4B | $2.2B |
| Free cash flow | $371M | β$438M |
| Net income | β$1.7B | $1.3B |
| Growth | ||
| Revenue growth | β5.4% | 91.5% |
| 5-year growth | β9.8% | β |
| Share count change | 0.7% | 86.2% |
| Profitability | ||
| Gross margin | 46.5% | β |
| Operating margin | β6.6% | 11.7% |
| Net margin | β14.0% | 58.4% |
| FCF margin | 3.0% | β19.6% |
| Return on capital | β3.9% | 4.0% |
| Return on equity | β | β |
| Balance sheet | ||
| Net debt | $16.8B | $9.5B |
| Net debt / EBITDA | 8.7x | 10.3x |
| Dividends and buybacks | $1.0M | $0.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 4 | β |
Revenue
FY16
LUMN $17.5B
UNIT β
FY17
LUMN $17.7B
UNIT β
FY18
LUMN $22.6B
UNIT β
FY19
LUMN $21.5B
UNIT β
FY20
LUMN $20.7B
UNIT β
FY21
LUMN $19.7B
UNIT β
FY22
LUMN $17.5B
UNIT β
FY23
LUMN $14.6B
UNIT $1.1B
FY24
LUMN $13.1B
UNIT $1.2B
FY25
LUMN $12.4B
UNIT $2.2B
LUMN
UNIT
Operating margin
FY16
LUMN 13.4%
UNIT β
FY17
LUMN 11.4%
UNIT β
FY18
LUMN 2.5%
UNIT β
FY19
LUMN β12.7%
UNIT β
FY20
LUMN 4.6%
UNIT β
FY21
LUMN 21.8%
UNIT β
FY22
LUMN 0.5%
UNIT β
FY23
LUMN β65.8%
UNIT 32.9%
FY24
LUMN 3.5%
UNIT 50.3%
FY25
LUMN β6.6%
UNIT 11.7%
LUMN
UNIT
Free cash flow
FY16
LUMN $1.6B
UNIT β
FY17
LUMN $772M
UNIT β
FY18
LUMN $3.9B
UNIT β
FY19
LUMN $3.1B
UNIT β
FY20
LUMN $2.8B
UNIT β
FY21
LUMN $3.6B
UNIT β
FY22
LUMN $1.7B
UNIT β
FY23
LUMN β$940M
UNIT β$63.8M
FY24
LUMN $1.1B
UNIT $11.8M
FY25
LUMN $371M
UNIT β$438M
LUMN
UNIT
Return on capital
FY16
LUMN 4.3%
UNIT β
FY17
LUMN 4.3%
UNIT β
FY18
LUMN 0.8%
UNIT β
FY19
LUMN β4.2%
UNIT β
FY20
LUMN 1.7%
UNIT β
FY21
LUMN 7.8%
UNIT β
FY22
LUMN 0.2%
UNIT β
FY23
LUMN β31.4%
UNIT β
FY24
LUMN 2.1%
UNIT β
FY25
LUMN β3.9%
UNIT 4.0%
LUMN
UNIT
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.