Level 3 Parent Llc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Level 3 Parent Llc (LVLT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Level 3 Parent Llc vs Its Competitors
- TTM: Trailing 12-month revenue of 6,543M vs 269,148M combined for tracked competitors (2.4% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-0.4% annualized vs trailing 12 months), vs accelerating (+4.2%) for its tracked peer group.
- Growth: Level 3 Parent Llc generated -4.9% revenue growth year over year in Q4 2025, vs 1.9% for its tracked competitors combined.
- Profitability: Its -9.7% net margin compares with 9.8% for the peer group.
- Peer revenue share: Level 3 Parent Llc accounted for 2.3% of combined revenue among its tracked peer group, down from 2.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.86M compares with $0.77M for the peer group (1.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
LVLT Sales vs. its Competitors, Q4 2025
Level 3 Parent Llc reported revenue contraction of 4.90 % year on year in Q4 2025, below its competitors' combined revenue growth of 1.94 %.
With a net margin of -9.70 %, Level 3 Parent Llc reported lower profitability than its competitors (9.84 %).
Level 3 Parent Llc generated 2.27 % of the combined sales of its peer group, down from 2.43 % a year earlier.
Level 3 Parent Llc vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Level 3 Parent Llc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Level 3 Parent Llc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Level 3 Parent Llc's competitor groups requires a Commercial License.
For context: the Communications Services industry grew revenue 7.4% year over year, combined, vs -4.9% for Level 3 Parent Llc. Level 3 Parent Llc's share of combined industry revenue moved from 0.16% to 0.14%, a loss of 0.02 percentage points.
Level 3 Parent Llc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Level 3 Parent Llc | No | Yes | Yes | Yes |
| Competitors combined (7) | ||||
| High-Confidence Competitors (1) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
LVLT Stock Performance relative to its Competitors
LVLT Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Vimeo Inc | 282.9% | Outperformed |
| 2 | Frontier Communications Parent Inc | 282.9% | Outperformed |
| 3 | Zoom Communications Inc | 282.9% | Outperformed |
| 4 | Lumen Technologies inc | 282.9% | Outperformed |
| 5 | At and t Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Level 3 Parent Llc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Level 3 Parent Llc's Comment on Competition and Industry Peers
The communications industry has been and remains highly competitive. In the late 1990s and the early 2000s, significant new capacity was deployed by both existing and new entrants. This oversupply led to a period of financial restructuring and industry consolidation. Given the significant economies of scale inherent in the communications industry, we believe further consolidation may occur such as Verizon’s recently announced acquisition of XO.
Our primary competitors are long distance carriers, ILECs, CLECs, Post Telephone
and Telegraphs, or PTTs, companies that operate Content Delivery Networks, or
CDNs, and other companies such as cable companies, that provide communications
services. The following information identifies some key competitors for each
of our service offerings.
Our key competitors for our IP and data services include Verizon, AT&T,
XO, NTT, Tata and Cogent in North America, and BT, Orange, TeliaSonera and Tata
in Europe. In Latin America, our main competitors are Telefonica, Telmex and
national incumbent telecommunications carriers.
For transport and fiber services, our key competitors in North America are other
facilities based communications companies including AT&T, Verizon, CenturyLink,
Zayo, and XO. In Europe, our key competitors are other carriers such as PTT
companies, BT, Orange, Vodafone, TeliaSonera, Colt, Interoute, KPN and Belgacom.
In Latin America, our main competitors are Telefonica, Telmex and national incumbent
telecommunications carriers.
For voice services our key competitors are other providers of communications
services including AT&T, Verizon, CenturyLink, CLECs and national incumbent
telecommunications carriers.
For our colocation and datacenter services, our key competitors are other facilities
based communications companies, and other colocation providers such as web hosting
companies and third-party colocation companies. In North America, these companies
include Equinix, Terremark (Verizon), and CoreSite. In Europe, competitors include
Equinix, Global Switch, InterXion, Telecity and Telehouse Europe. In Latin America,
our largest competitors include Telefonica, Telmex, and IBM.
For CDN services, our key competitors include Akamai Technologies, Limelight
Networks, Amazon, Edgecast Networks (Verizon), Fastly and CDNetworks.
For security services, our key competitors include Akamai, Verizon, CenturyLink,
AT&T and Cloudflare.
In the enterprise and government markets, our key competitors in North America
include ILECs (such as AT&T, Verizon and CenturyLink) and CLECs (such as
XO). In Europe, they include BT, Vodafone, Deutsche Telekom and Orange. In Latin
America, competitors include Telefonica and Telmex.
The communications industry is subject to rapid and significant changes in technology.
For instance, periodic technological advances permit substantial increases in
transmission capacity of both new and existing fiber, and the introduction of
new products or emergence of new technologies may reduce the cost or increase
the supply of certain services similar to those which we plan on providing.
Accordingly, in the future our most significant competitors may be new entrants
to the communications industry, such as content companies that have existing
significant customer bases and substantial cash resources that are greater than
ours, and, unlike the traditional incumbent carriers we also compete with, would
not be burdened by an installed base of outmoded or legacy equipment.
Publicly Traded Peers of Level 3 Parent Llc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Level 3 Parent Llc | - | 6,543.00 |
| At and t Inc | 171,705.12 | 127,239.00 |
| Comcast corporation | 76,987.05 | 124,904.00 |
| Zoom Communications Inc | 25,907.08 | 4,991.99 |
| Frontier Communications Parent Inc | 9,634.82 | 6,106.00 |
| Lumen Technologies inc | 5,562.64 | 11,832.00 |
| SUBTOTAL | 291,264.03 | 282,213.79 |
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Sources: Level 3 Parent Llc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Level 3 Parent Llc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Level 3 Parent Llc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Content Delivery Networks | Named by the company | 85% |
| Edgecast Networks | Named by the company | 85% |
| Akamai Technologies | Named by the company | 85% |
| Limelight Networks | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Level 3 Parent Llc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Level 3 Parent Llc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| At and t Inc | Advanced Connectivity 90.37 % |
| Comcast corporation | Residential Connectivity and Platforms 57.19 % |
| Frontier Communications Parent Inc | Consumer 53.29 % |
| Lumen Technologies inc | Business 87.13 % |
| Kaltura Inc | Enterprise, Education and Technology 77.43 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Level 3 Parent Llc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Level 3 Parent Llc | - | 860,921 | -102,632 |
| At and t Inc | 171,705 | 956,468 | 173,074 |
| Comcast corporation | 76,987 | 697,788 | 60,145 |
| Zoom Communications Inc | 25,907 | 671,147 | 437,628 |
| Frontier Communications Parent Inc | 9,635 | 480,787 | -30,000 |
| Lumen Technologies inc | 5,563 | 493,000 | -42,667 |
| PEERS TOTAL | 291,264 | 770,607 | 99,636 |
Level 3 Parent Llc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Level 3 Parent Llc | North America 97.89 % |
| Zoom Communications Inc | Americas 72.14 % |
| Vimeo Inc | United States 54.38 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Level 3 Parent Llc's Position in Industry Market Structure
Market-capitalization share and concentration across all 56 companies in Level 3 Parent Llc's industry classification, broader than the peer set above. Market cap in millions of $.Level 3 Parent Llc ranks #0 of 56 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,241, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Verizon Communications Inc | 193,242 | 19.13 % |
| 2 | T mobile Us Inc | 177,878 | 17.61 % |
| 3 | At and t Inc | 171,705 | 17.00 % |
| 4 | Veon ltd | 129,087 | 12.78 % |
| 5 | America Movil Sab De Cv | 1,234 | 5.2% |
| 6 | Tim S a | 1,234 | 5.2% |
| 7 | Vodafone Group Public Limited Company | 1,234 | 5.2% |
| 8 | Chunghwa Telecom Co Ltd | 1,234 | 5.2% |
| 9 | Ast Spacemobile Inc | 1,234 | 5.2% |
| 10 | Millicom International Cellular Sa | 1,234 | 5.2% |
| 0 | Level 3 Parent Llc | - | 0.00 % |
Market cap and industry share for the rest of Level 3 Parent Llc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2017-10-31.
Level 3 Parent Llc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Communications Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (85 companies). See the full Communications Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 56.58 % | 45.44 % (avg) | +11.1 pp |
| Operating Margin | 1.36 % | industry median | -1.4 pp |
| EBITDA Margin | 2.89 % | 4.17 % (avg) | -1.3 pp |
| Capital Intensity (Capex / Revenue) | 35.06 % | 14.44 % (avg) | +20.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Level 3 Parent Llc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -0.69 % | 0.01 % | 0.58 % | -0.43 % | -3.08 % | -6.09 % | -7.69 % | 0.72 % |
| Operating Margin | 17.67 % | 17.68 % | 11.78 % | -30.87 % | 14.67 % | -23.09 % | 29.91 % | 1.36 % |
| Return on Invested Capital | 4.28 % | 3.28 % | 1.42 % | -4.87 % | 3.53 % | -5.42 % | 9.93 % | - |
| P/E | 30.5x | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Level 3 Parent Llc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,241 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 35.06 % vs industry average 14.44 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Level 3 Parent Llc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Level 3 Parent Llc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Level 3 Parent Llc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Level 3 Parent Llc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Level 3 Parent Llc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (42.90 %) show financial-distress signals, a possible opening to gain share.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Level 3 Parent Llc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Level 3 Parent Llc | 0.52 | 2.23 | 2.86 |
| At and t Inc | 0.32 | 0.95 | 1.10 |
| Comcast corporation | 0.27 | 0.86 | 1.27 |
| Zoom Communications Inc | 0.53 | 4.20 | - |
| Frontier Communications Parent Inc | 0.18 | 0.40 | 2.44 |
| Lumen Technologies inc | 0.41 | 1.48 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Level 3 Parent Llc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Level 3 Parent Llc | Q4 2025 | -4.9 % | - |
| At and t Inc | Q2 2026 | +2.3 % | +3.1 % |
| Comcast corporation | Q2 2026 | -1.2 % | -69.0 % |
| Zoom Communications Inc | Q2 2026 | +4.9 % | +330.1 % |
| Frontier Communications Parent Inc | Q3 2025 | +4.1 % | - |
| Lumen Technologies inc | Q2 2026 | -9.3 % | - |
| PEERS TOTAL | +0.1 % | -37.4 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Level 3 Parent Llc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Level 3 Parent Llc | Q4 2025 | +5.7 % | +226.8 % |
| At and t Inc | Q2 2026 | -1.7 % | +16.4 % |
| Comcast corporation | Q2 2026 | - | +5.3 % |
| Zoom Communications Inc | Q2 2026 | +6.9 % | +170.2 % |
| Frontier Communications Parent Inc | Q3 2025 | +1.7 % | +17.2 % |
| Lumen Technologies inc | Q2 2026 | -12.9 % | +1.2 % |
Level 3 Parent Llc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Level 3 Parent Llc | - | - | - |
| At and t Inc | 5.44% | 5.04% | 18.23% |
| Comcast corporation | 4.05% | 5.22% | 11.56% |
| Zoom Communications Inc | 26.52% | 31.72% | 32.25% |
| Frontier Communications Parent Inc | - | - | - |
| Lumen Technologies inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Level 3 Parent Llc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Level 3 Parent Llc | - | - |
| At and t Inc | 8.21 | 1.35 |
| Comcast corporation | 7.16 | 0.62 |
| Zoom Communications Inc | 8.03 | 5.19 |
| Frontier Communications Parent Inc | - | 1.58 |
| Lumen Technologies inc | - | 0.47 |
| PEERS AVERAGE | 8.35 | 1.03 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.