Qwest Corp (CTBB) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, Qwest reported revenue of $4.75B, down 13.8% from $5.51B the year before. Net income was -$1.33B (a -27.9% net margin). Gross margin was 69.5% and operating margin was -21.3%. Operating activities generated $1.76B of cash, leaving $938.0M of free cash flow. At fiscal year end, Qwest held $15.82B in total assets against $4.90B in total liabilities, including $39.0M of cash and equivalents.
Open the full interactive Qwest financials → Quarterly statements, key ratios, valuation history and price charts.
Qwest Key Stats
| Share Price | $14.70 |
|---|---|
| Revenue YoY Growth | -13.8% |
| 52-Week Range | $14.70 – $18.89 |
Qwest Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.31B | $6.95B | $6.45B | $5.92B | $5.51B | $4.75B |
| Cost of Goods Sold | $2.00B | $1.72B | $1.65B | $1.61B | $1.50B | $1.45B |
| Gross Profit | $5.32B | $5.23B | $4.80B | $4.31B | $4.00B | $3.30B |
| Operating Income | $2.71B | $3.11B | $2.75B | -$195.0M | $2.05B | -$1.01B |
| Pre-Tax Income | $2.30B | $2.82B | $2.59B | -$270.0M | $2.01B | -$975.0M |
| Income Tax | $595.0M | $709.0M | $671.0M | $561.0M | $527.0M | $352.0M |
| Net Income | $1.71B | $2.11B | $1.92B | -$831.0M | $1.49B | -$1.33B |
Qwest Quarterly Results
| 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 | |
|---|---|---|---|---|
| Revenue | $1.21B | $1.16B | $1.16B | $1.05B |
| Net Income | $277.0M | $176.0M | -$2.06B | -$226.0M |
Qwest Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.0M | $2.0M | $8.0M | $10.0M | $26.0M | $39.0M |
| Current Assets | $500.0M | $490.0M | $1.01B | $415.0M | $1.31B | $4.50B |
| Total Assets | $18.66B | $18.37B | $18.93B | $16.34B | $17.36B | $15.82B |
| Current Liabilities | $3.60B | $2.04B | $728.0M | $933.0M | $966.0M | $653.0M |
| Total Long-Term Debt | $3.33B | $2.16B | $2.16B | $2.16B | $1.93B | $1.69B |
| Total Liabilities | $8.56B | $6.74B | $5.37B | $5.58B | $5.12B | $4.90B |
| Shareholders' Equity | $10.10B | $11.63B | $13.55B | $10.76B | $12.24B | $10.92B |
Qwest Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.07B | $3.03B | $2.63B | $2.39B | $2.19B | $1.76B |
| Cash From Investing | $754.0M | -$751.0M | -$1.35B | -$466.0M | -$1.89B | -$1.51B |
| Cash From Financing | -$3.81B | -$2.29B | -$1.27B | -$1.92B | -$287.0M | -$238.0M |
| Free Cash Flow | $1.98B | $2.24B | $1.78B | $1.33B | $1.15B | $938.0M |
| Dividends Paid | $1.73B | $570.0M | $0 | $1.98B | $0 | $0 |
Figures from Qwest's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Qwest financials page for every line item.
Qwest Company Profile
| Ticker | CTBB |
|---|---|
| Exchange | NYSE |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Monroe, Louisiana |
| Incorporated in | Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0000068622 |
Frequently Asked Questions
What was Qwest's revenue in fiscal 2025?
Qwest (CTBB) reported revenue of $4.75B for fiscal 2025.
What is Qwest's annual revenue history?
Qwest's annual revenue by fiscal year: 2020: $7.31B; 2021: $6.95B; 2022: $6.45B; 2023: $5.92B; 2024: $5.51B; 2025: $4.75B.
What was Qwest's net income in fiscal 2025?
Qwest reported net income of -$1.33B for fiscal 2025.
How much free cash flow did Qwest generate in fiscal 2025?
Qwest generated $938.0M of free cash flow in fiscal 2025.
What was Qwest's revenue last quarter?
In its most recent reported quarter (2026 Q1), Qwest reported revenue of $1.05B.
How much debt does Qwest have?
Qwest reported $1.69B of long-term debt, including the current portion, at the end of fiscal 2025.
When does Qwest's fiscal year end?
Qwest's fiscal year end, as registered with the SEC, is December 31.
Where is Qwest headquartered?
Qwest lists its business address in Monroe, Louisiana in its SEC filings.