Lumen Technologies, Inc.
$23.43B- Market cap
- $6.99B
- Debt
- +$17.44B
- Cash
- −$1.00B
Capital structure 29% equity / 71% debt · EV / Revenue 1.89x · EV / EBITDA 9.42x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: LUMN stock price at discount vs CAKE $6.78 current versus $17.16 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at CAKE's multiple
Implied fair value · at LUMN's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: LUMN FY 2025 (ended Dec 31, 2025) · CAKE FY 2025 (ended Dec 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 29% equity / 71% debt · EV / Revenue 1.89x · EV / EBITDA 9.42x
Capital structure 89% equity / 11% debt · EV / Revenue 1.54x · EV / EBITDA 20.57x
LUMN carries the larger enterprise value at $23.43B against $5.77B; CAKE trades on the lower EV / Revenue multiple (1.54x vs 1.89x); LUMN on the lower EV / EBITDA (9.42x vs 20.57x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
LUMEN TECHNOLOGIES, INC. · implied price per share
Bear
-$11.13
Base
-$10.46
Bull
-$9.26
THE CHEESECAKE FACTORY INCORPORATED · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-15.61x
1.44x
Net debt / EBITDA
Leverage against operating earnings
6.61x
1.48x
Cash and equivalents
Liquid reserves on the balance sheet
$1.00B
$215.73M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$17.44B
$630.07M
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