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QWEST CORP

CTGG Clue Score39
United States Fiscal year ends December CIK 0000068622
$14.80 +0.34% Close, 12 Oct 2026
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Price $14.80 −13.35% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 17 Jun 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.91Operating income2.32Fiscal year 2017Revenue8.55 −4.0%Operating income2.31Fiscal year 2018Revenue7.86 −8.0%Operating income2.66Net income1.67Fiscal year 2019Revenue7.56 −3.9%Operating income2.88Fiscal year 2020Revenue6.83 −9.5%Operating income2.71Fiscal year 2021Revenue6.47 −5.4%Operating income3.11Fiscal year 2022Revenue6.08 −6.1%Operating income2.76Fiscal year 2023Revenue5.60 −7.8%Operating income−0.20Net income−0.83Fiscal year 2024Revenue5.22 −6.7%Operating income2.05Net income1.49Fiscal year 2025Revenue4.49 −14.1%Operating income−1.01Net income−1.33 −189.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.91 8.55 7.86 7.56 6.83 6.47 6.08 5.60 5.22 4.49
Growth −4.0% −8.0% −3.9% −9.5% −5.4% −6.1% −7.8% −6.7% −14.1%
Operating income 2.32 2.31 2.66 2.88 2.71 3.11 2.76 −0.20 2.05 −1.01
Net income n/a n/a 1.67 n/a n/a n/a n/a −0.83 1.49 −1.33
Growth −189.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin26.1%Free cash flow margin15.6%Fiscal year 2017Operating margin27.1%Free cash flow margin12.9%Fiscal year 2018Operating margin33.8%Net margin21.2%Free cash flow margin35.0%Fiscal year 2019Operating margin38.2%Free cash flow margin30.1%Fiscal year 2020Operating margin39.7%Free cash flow margin29.0%Fiscal year 2021Operating margin48.1%Free cash flow margin34.6%Fiscal year 2022Operating margin45.3%Free cash flow margin29.2%Fiscal year 2023Operating margin−3.5%Net margin−14.8%Free cash flow margin23.7%Fiscal year 2024Operating margin39.3%Net margin28.5%Free cash flow margin22.0%Fiscal year 2025Operating margin−22.5%Net margin−29.6%Free cash flow margin20.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.1% 27.1% 33.8% 38.2% 39.7% 48.1% 45.3% −3.5% 39.3% −22.5%
Net margin n/a n/a 21.2% n/a n/a n/a n/a −14.8% 28.5% −29.6%
Free cash flow margin 15.6% 12.9% 35.0% 30.1% 29.0% 34.6% 29.2% 23.7% 22.0% 20.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.65Capital expenditure−1.26Free cash flow1.39Dividends paid−1.30Fiscal year 2017Operating cash flow2.44Capital expenditure−1.33Free cash flow1.11 −20.5%Dividends paid−1.00Fiscal year 2018Operating cash flow3.79Capital expenditure−1.04Free cash flow2.75 +148.5%Dividends paid−1.28Fiscal year 2019Operating cash flow3.33Capital expenditure−1.06Free cash flow2.28 −17.2%Dividends paid−1.60Fiscal year 2020Operating cash flow3.07Capital expenditure−1.09Free cash flow1.98 −13.0%Dividends paid−1.73Fiscal year 2021Operating cash flow3.03Capital expenditure−0.80Free cash flow2.24 +12.9%Dividends paid−0.57Fiscal year 2022Operating cash flow2.63Capital expenditure−0.85Free cash flow1.78 −20.5%Dividends paid0.00Fiscal year 2023Operating cash flow2.39Capital expenditure−1.06Free cash flow1.33 −25.3%Dividends paid−1.98Fiscal year 2024Operating cash flow2.19Capital expenditure−1.05Free cash flow1.15 −13.6%Dividends paid0.00Fiscal year 2025Operating cash flow1.76Capital expenditure−0.82Free cash flow0.94 −18.2%Dividends paid0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.65 2.44 3.79 3.33 3.07 3.03 2.63 2.39 2.19 1.76
Capital expenditure −1.26 −1.33 −1.04 −1.06 −1.09 −0.80 −0.85 −1.06 −1.05 −0.82
Free cash flow 1.39 1.11 2.75 2.28 1.98 2.24 1.78 1.33 1.15 0.94
Growth −20.5% +148.5% −17.2% −13.0% +12.9% −20.5% −25.3% −13.6% −18.2%
Dividends paid −1.30 −1.00 −1.28 −1.60 −1.73 −0.57 0.00 −1.98 0.00 0.00

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.01Shareholders’ equity8.69Fiscal year 2017Cash0.00Shareholders’ equity9.34Fiscal year 2018Cash0.01Shareholders’ equity9.87Fiscal year 2019Cash0.00Total debt5.95Net cash (debt)−5.95Shareholders’ equity10.12Debt to equity0.59Fiscal year 2020Cash0.01Total debt3.33Net cash (debt)−3.32Shareholders’ equity10.10Debt to equity0.33Fiscal year 2021Cash0.00Total debt2.16Net cash (debt)−2.15Shareholders’ equity11.65Debt to equity0.19Fiscal year 2022Cash0.01Total debt0.00Net cash (debt)0.01Shareholders’ equity13.57Debt to equity0.00Fiscal year 2023Cash0.01Total debt0.00Net cash (debt)0.01Shareholders’ equity10.76Debt to equity0.00Fiscal year 2024Cash0.03Shareholders’ equity12.24Fiscal year 2025Cash0.04Shareholders’ equity10.92
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.03 0.04
Total debt n/a n/a n/a 5.95 3.33 2.16 0.00 0.00 n/a n/a
Net cash (debt) n/a n/a n/a −5.95 −3.32 −2.15 0.01 0.01 n/a n/a
Shareholders’ equity 8.69 9.34 9.87 10.12 10.10 11.65 13.57 10.76 12.24 10.92
Debt to equity n/a n/a n/a 0.59 0.33 0.19 0.00 0.00 n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
26.1% 27.1% 33.8% 38.2% 39.7% 48.1% 45.3% −3.5% 39.3% −22.5%
19.8% 20.9% 27.5% 32.7% 33.7% 43.5% 42.6% −4.8% 38.6% −21.7%
n/a n/a 21.2% n/a n/a n/a n/a −14.8% 28.5% −29.6%
15.6% 12.9% 35.0% 30.1% 29.0% 34.6% 29.2% 23.7% 22.0% 20.9%
Spending
11.4% 10.8% 10.2% 8.7% 8.3% 5.5% 7.5% 8.5% 8.4% 10.2%
14.1% 15.5% 13.2% 14.0% 16.0% 12.3% 14.0% 19.0% 20.0% 18.4%
38.5% 7.5% 22.9% 26.0% 25.8% 25.2% 25.9% n/a 26.2% n/a
Returns
n/a n/a 16.9% n/a n/a n/a n/a −7.7% 12.1% −12.2%
n/a n/a 8.1% n/a n/a n/a n/a −5.1% 8.6% −8.4%
Balance and payout
n/a n/a n/a 0.59 0.33 0.19 0.00 0.00 n/a n/a
n/a n/a 76.6% n/a n/a n/a n/a n/a 0.0% n/a
93.3% 90.3% 46.3% 70.3% 87.1% 25.5% 0.0% 149.2% 0.0% 0.0%