CTBB QWEST CORP

Overview and Growth

Fiscal 2025 results for QWEST CORP combined $4.75B of revenue with net loss of $1.33B and an operating cash inflow of $1.76B. Revenue of $4.75B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $5.51B in fiscal 2024, revenue decreased 13.8%, a top-line contraction that reduced operating scale. At period end, total assets were $15.82B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.3x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $3.30B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 69.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $1.01B operating loss before non-operating and tax effects. An operating margin of -21.3% reflected costs exceeding revenue-level gross profit by 21.3% of sales. The company ended the period with a net loss of $1.33B, extending the operating result through all remaining items. The net loss equaled 27.9% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $324.00M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $975.00M, establishing the deficit before tax effects. Pretax margin was -20.5%, reflecting a pre-tax loss equal to 20.5% of revenue. The company recognized $352.00M of income tax for the period, completing the transition from pretax income to net income. Relative to period-end equity, the net loss represented 12.2%. Relative to total assets, the net loss represented 8.4%. A $1.33B net loss replaced fiscal 2024 net income of $1.49B.

Liquidity and Capital Structure

Current assets were $4.50B against $653.00M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 6.9x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $39.00M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 6.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 69.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. Cash and equivalents equaled 0.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 8.9% from $17.36B in fiscal 2024, leaving current total assets lower year over year. Against $12.24B of equity in fiscal 2024, the current book-equity balance moved 10.8% and ended lower. Cash and equivalents were 50.0% higher than fiscal 2024 cash of $26.00M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.76B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $824.00M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 46.8% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $938.00M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 19.8%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 5.9%, comparing post-investment cash with the balance-sheet asset base. Compared with $2.19B in fiscal 2024, current operating cash flow of $1.76B was below the prior result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.