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Side-by-side financial comparison of Lumen Technologies, Inc. (LUMN) and Xperi Inc. (XPER), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Lumen Technologies, Inc. is the larger business by last-quarter revenue ($2.7B vs $116.5M, roughly 23.6× Xperi Inc.). Lumen Technologies, Inc. runs the higher net margin — -0.1% vs -14.7%, a 14.6% gap on every dollar of revenue. On growth, Xperi Inc. posted the faster year-over-year revenue change (-4.8% vs -11.0%). Xperi Inc. produced more free cash flow last quarter ($1.2M vs $-1.1B). Over the past eight quarters, Xperi Inc.'s revenue compounded faster (-1.0% CAGR vs -5.3%).
Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana. It offers network, security, cloud, voice, and other managed communications services through its fiber optic and copper networks, data centers and cloud computing services. The company has been included in the S&P 600 index since March 2023, and was previously listed among the S&P 500.
Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.
LUMN vs XPER — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $116.5M |
| Net Profit | $-2.0M | $-17.1M |
| Gross Margin | 40.7% | — |
| Operating Margin | -7.3% | -12.7% |
| Net Margin | -0.1% | -14.7% |
| Revenue YoY | -11.0% | -4.8% |
| Net Profit YoY | -102.4% | -137.0% |
| EPS (diluted) | $-0.01 | $-0.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $2.7B | $116.5M | ||
| Q3 25 | $2.8B | $111.6M | ||
| Q2 25 | $2.9B | $105.9M | ||
| Q1 25 | $2.9B | $114.0M | ||
| Q4 24 | $3.1B | $122.4M | ||
| Q3 24 | $3.0B | $132.9M | ||
| Q2 24 | $3.0B | $119.6M | ||
| Q1 24 | $3.1B | $118.8M |
| Q4 25 | $-2.0M | $-17.1M | ||
| Q3 25 | $-621.0M | $-6.1M | ||
| Q2 25 | $-915.0M | $-14.8M | ||
| Q1 25 | $-201.0M | $-18.4M | ||
| Q4 24 | $85.0M | $46.2M | ||
| Q3 24 | $-148.0M | $-16.8M | ||
| Q2 24 | $-49.0M | $-30.3M | ||
| Q1 24 | $57.0M | $-13.1M |
| Q4 25 | 40.7% | — | ||
| Q3 25 | 39.4% | — | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 42.0% | — | ||
| Q4 24 | 44.7% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 45.2% | — | ||
| Q1 24 | 46.0% | — |
| Q4 25 | -7.3% | -12.7% | ||
| Q3 25 | -4.1% | -1.2% | ||
| Q2 25 | -21.0% | -10.5% | ||
| Q1 25 | 3.7% | -14.4% | ||
| Q4 24 | 5.0% | -11.7% | ||
| Q3 24 | 4.2% | -14.0% | ||
| Q2 24 | 4.5% | -18.3% | ||
| Q1 24 | 1.5% | -27.2% |
| Q4 25 | -0.1% | -14.7% | ||
| Q3 25 | -22.1% | -5.5% | ||
| Q2 25 | -31.9% | -14.0% | ||
| Q1 25 | -6.9% | -16.1% | ||
| Q4 24 | 2.8% | 37.8% | ||
| Q3 24 | -5.0% | -12.6% | ||
| Q2 24 | -1.6% | -25.3% | ||
| Q1 24 | 1.9% | -11.0% |
| Q4 25 | $-0.01 | $-0.37 | ||
| Q3 25 | $-0.62 | $-0.13 | ||
| Q2 25 | $-0.92 | $-0.32 | ||
| Q1 25 | $-0.20 | $-0.41 | ||
| Q4 24 | $0.08 | $1.02 | ||
| Q3 24 | $-0.15 | $-0.37 | ||
| Q2 24 | $-0.05 | $-0.67 | ||
| Q1 24 | $0.06 | $-0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $96.8M |
| Total DebtLower is stronger | $17.4B | $27.7M |
| Stockholders' EquityBook value | $-1.1B | $414.1M |
| Total Assets | $34.3B | $615.8M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.0B | $96.8M | ||
| Q3 25 | $2.4B | $96.8M | ||
| Q2 25 | $1.6B | $95.1M | ||
| Q1 25 | $1.9B | $88.0M | ||
| Q4 24 | $1.9B | $130.6M | ||
| Q3 24 | $2.6B | $72.7M | ||
| Q2 24 | $1.5B | $92.5M | ||
| Q1 24 | $1.6B | $95.2M |
| Q4 25 | $17.4B | $27.7M | ||
| Q3 25 | $17.6B | $27.7M | ||
| Q2 25 | $17.6B | $27.7M | ||
| Q1 25 | $17.3B | $27.7M | ||
| Q4 24 | $17.5B | $27.7M | ||
| Q3 24 | $18.1B | $27.7M | ||
| Q2 24 | $18.4B | $27.7M | ||
| Q1 24 | $18.6B | $27.7M |
| Q4 25 | $-1.1B | $414.1M | ||
| Q3 25 | $-1.2B | $421.0M | ||
| Q2 25 | $-595.0M | $419.8M | ||
| Q1 25 | $289.0M | $418.9M | ||
| Q4 24 | $464.0M | $429.1M | ||
| Q3 24 | $342.0M | $377.4M | ||
| Q2 24 | $466.0M | $388.7M | ||
| Q1 24 | $504.0M | $399.1M |
| Q4 25 | $34.3B | $615.8M | ||
| Q3 25 | $34.3B | $628.8M | ||
| Q2 25 | $33.0B | $629.2M | ||
| Q1 25 | $33.5B | $633.5M | ||
| Q4 24 | $33.5B | $667.8M | ||
| Q3 24 | $34.0B | $616.2M | ||
| Q2 24 | $32.9B | $619.2M | ||
| Q1 24 | $33.2B | $630.4M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | 59.98× | 0.07× | ||
| Q4 24 | 37.70× | 0.06× | ||
| Q3 24 | 53.05× | 0.07× | ||
| Q2 24 | 39.51× | 0.07× | ||
| Q1 24 | 36.89× | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $562.0M | $4.1M |
| Free Cash FlowOCF − Capex | $-1.1B | $1.2M |
| FCF MarginFCF / Revenue | -39.4% | 1.0% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 59.9% | 2.5% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $371.0M | $-5.9M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $562.0M | $4.1M | ||
| Q3 25 | $2.5B | $7.5M | ||
| Q2 25 | $570.0M | $10.1M | ||
| Q1 25 | $1.1B | $-22.3M | ||
| Q4 24 | $688.0M | $1.2M | ||
| Q3 24 | $2.0B | $-4.6M | ||
| Q2 24 | $511.0M | $-2.1M | ||
| Q1 24 | $1.1B | $-49.8M |
| Q4 25 | $-1.1B | $1.2M | ||
| Q3 25 | $1.5B | $6.7M | ||
| Q2 25 | $-321.0M | $9.5M | ||
| Q1 25 | $304.0M | $-23.3M | ||
| Q4 24 | $-227.0M | $-510.0K | ||
| Q3 24 | $1.2B | $-5.6M | ||
| Q2 24 | $-242.0M | $-2.6M | ||
| Q1 24 | $389.0M | $-51.6M |
| Q4 25 | -39.4% | 1.0% | ||
| Q3 25 | 52.4% | 6.0% | ||
| Q2 25 | -11.2% | 9.0% | ||
| Q1 25 | 10.4% | -20.5% | ||
| Q4 24 | -7.4% | -0.4% | ||
| Q3 24 | 39.8% | -4.2% | ||
| Q2 24 | -8.0% | -2.2% | ||
| Q1 24 | 12.7% | -43.4% |
| Q4 25 | 59.9% | 2.5% | ||
| Q3 25 | 37.1% | 0.7% | ||
| Q2 25 | 31.1% | 0.5% | ||
| Q1 25 | 27.2% | 0.9% | ||
| Q4 24 | 29.7% | 1.4% | ||
| Q3 24 | 28.6% | 0.8% | ||
| Q2 24 | 25.0% | 0.4% | ||
| Q1 24 | 23.3% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.09× | 0.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 19.33× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
XPER
| Pay TV | $56.2M | 48% |
| Connected Car | $31.3M | 27% |
| Consumer Electronics | $17.2M | 15% |
| Media Platform | $11.8M | 10% |