Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Qwest Corp.CTGG · telecom
GradeElkB/Con the B/C boundary of 558 graded peers; percentile 38.9, sampling error 2.1 points; lower is stronger
Rank202 of 558
ProfitabilityCpercentile 42.8
SolvencyApercentile 10.5
Growth and financingEpercentile 82.7
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $15.8B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: dilution, distress
Inputs computable7 of 14
Graded fromfilings received through Feb 20, 2026231 days before the rescan; every figure keyed to the SEC receipt date
Last close$14.872026-10-08; market equity $0; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$16$18JulAugSepOctB/C$14.90
ABCDE

Percentile at every rescan on file, Oct 6, 2026 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Oct 6, 2026B/C38.7Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 20, 2026; the document on sec.gov.

We are a leading digital networking services company, empowering enterprise businesses to fuel growth in a multi-cloud, AI-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly. We are unleashing the world's digital potential by providing a broad array of integrated products and services to our domestic and global Business customers and our domestic Mass Markets customers. We operate one of the world’s most interconnected communications networks.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 42.8
Gross profitability19.2%[1-3]28.0%63.75942025-12-31
Return on invested capitalnot computable8.9%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio(18.6%)[1,4-6](7.3%)20.97032025-12-31
Gross margin stability, five years2.0 pts[2-3,7-14]2.4 pts43.94532025-12-31
Solvency, sleeve percentile 10.5
Twelve-month failure probabilitynot computable0.05%
firm-wide XBRL shares cannot be assigned to one ticker class
Altman Z double-primenot computable1.93
one or more required annual facts are missing
Net debt to EBITDAnot computable1.71x
EBITDA must exceed $100,000
Interest coveragenot computable2.81x
latest aligned inputs end 2018-12-31; latest annual assets end 2025-12-31
Current ratio6.90x[15-16]1.96x10.57562025-12-31
Growth and financing, sleeve percentile 82.7
Revenue growth, three-year compound(9.6%)[2,7,9,11]5.1%85.96152025-12-31
Free cash flow growth, three-year compound(19.2%)[5,17-23]12.4%89.03142025-12-31
Reinvestment ratenot computable15.1%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years(5.9%)[1,6,24-25]3.4%73.26412025-12-31
Net share issuance, one yearnot computable0.5%
firm-wide XBRL shares cannot be assigned to one ticker class

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.099; sampling error 2.1 percentile points on 558 peers.

Among 558 Peers [top]

ABCDENVDA, Nvidia Corp.; A, percentile 3.0; market equity $5.6T; warnings: fortress balance sheetNVDAMSFT, Microsoft Corp.; A, percentile 8.7; market equity $3.9TMSFTAMD, Advanced Micro Devices Inc.; A/B, percentile 20.2; market equity $1.0T; warnings: fortress balance sheetAMDAAPL, Apple Inc.; B, percentile 35.5; market equity $5.0TAAPLMU, Micron Technology Inc.; B/C, percentile 40.9; market equity $1.2TMUAVGO, Broadcom Inc.; C, percentile 53.2; market equity $1.7TAVGOCTGG 38.9strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
197Agilent Technologies, Inc. (A)

Agilent Technologies, Inc. (A)

B/Con the B/C boundary; percentile 37.9

NYSE · Laboratory Analytical Instruments

market equity $47.4B; last close $168.14

No active warnings; 13 of 14 inputs

37.9B/C
198Plexus Corp. (PLXS)

Plexus Corp. (PLXS)

B/Con the B/C boundary; percentile 38.1

Nasdaq · Printed Circuit Boards

market equity $7.0B; last close $261.46

Warnings: fortress balance sheet; 10 of 14 inputs

38.1B/Cfortress balance sheet
19910x Genomics, Inc. (TXG)

10x Genomics, Inc. (TXG)

B/Con the B/C boundary; percentile 38.3

Nasdaq · Laboratory Analytical Instruments

market equity $9.9B; last close $77.23

Warnings: fortress balance sheet; 8 of 14 inputs

38.3B/Cfortress balance sheet
200Silicon Laboratories Inc. (SLAB)

Silicon Laboratories Inc. (SLAB)

B/Con the B/C boundary; percentile 38.5

Nasdaq · Semiconductors & Related Devices

market equity $7.4B; last close $221.75

No active warnings; 9 of 14 inputs

38.5B/C
201Dell Technologies Inc. (DELL)

Dell Technologies Inc. (DELL)

B/Con the B/C boundary; percentile 38.7

NYSE · Electronic Computers

market equity $367.7B; last close $575.00

No active warnings; 12 of 14 inputs

38.7B/C
202Qwest Corp. (CTGG)

Qwest Corp. (CTGG)

B/Con the B/C boundary; percentile 38.9

NYSE · Telephone Communications (No Radiotelephone)

last close $14.87

No active warnings; 7 of 14 inputs

38.9B/C
203Qwest Corp. (CTHH)

Qwest Corp. (CTHH)

B/Con the B/C boundary; percentile 38.9

NYSE · Telephone Communications (No Radiotelephone)

last close $15.19

No active warnings; 7 of 14 inputs

38.9B/C
204Flex Ltd. (FLEX)

Flex Ltd. (FLEX)

B/Con the B/C boundary; percentile 38.9

Nasdaq · Printed Circuit Boards

market equity $42.4B; last close $114.75

No active warnings; 12 of 14 inputs

38.9B/C
205Sprinklr, Inc. (CXM)

Sprinklr, Inc. (CXM)

B/Con the B/C boundary; percentile 39.1

NYSE · Services-Prepackaged Software

last close $5.42

Warnings: fortress balance sheet; 9 of 14 inputs

39.1B/Cfortress balance sheet
206Data I/O Corp. (DAIO)

Data I/O Corp. (DAIO)

B/Con the B/C boundary; percentile 39.3

Nasdaq · Instruments For Meas & Testing of Electricity & Elec Signals

market equity $29.6M; last close $2.87

Warnings: late filer; 7 of 14 inputs

39.3B/Clate filer
207Ciena Corp. (CIEN)

Ciena Corp. (CIEN)

B/Con the B/C boundary; percentile 39.5

NYSE · Telephone & Telegraph Apparatus

market equity $60.4B; last close $425.94

Warnings: fortress balance sheet; 10 of 14 inputs

39.5B/Cfortress balance sheet
Peer policyLetterPercentilePeers
all graded filers, equal sleevesB/C40.62204
sector peers, equal sleeves (the grade)B/C38.9558
same exchange, equal sleevesB34.9984
sector peers, equal inputsD62.7558

Each letter is one fifth of the 558 graded peers, about 111 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest monthnot computable(0.3%)missing required 12-1 monthly returns: 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10
Distance from 52-week high(21.1%)(29.7%)64closer to its high than 64 of 100 peers
EBIT to enterprise valuenot computable1.4%required accounting or market input is missing
Free cash flow yieldnot computable2.7%required accounting or market input is missing
Book value to pricenot computable0.24required accounting or market input is missing
Sales to pricenot computable0.33required accounting or market input is missing
Composite equity issuance, five yearsnot computable3.2%required accounting or market input is missing
Relative strength against the sector, log excess returnnot computable(0.23)missing required 12-1 monthly returns: 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10

Inputs: EBIT -$1.0B; free cash flow $938.0M; book equity $10.7B; sales $4.5B; debt $1.7B; cash $56.0M[26].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(7.6%)✗ fail[4,6]
Operating cash flow above zero$1.8B✓ pass[5]
Return on assets improvedn/a[4,6,24]
Operating cash flow exceeds net income$3.1B✓ pass[4-5]
Long-term leverage fell0.2 pts✗ fail[1,6,24,27-28]
Current ratio improved554.6 pts✓ pass[15-16,29-30]
No new shares issuedn/a
Gross margin improved(3.5 pts)✗ fail[2-3,7-8]
Asset turnover improved(6.1 pts)✗ fail[2,6-7,24]
Cash, filings, liquidity
Cash and equivalents$56.0M[31]
Operating cash flow, four quarters$1.6B[5,31-35]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing157
10-Q received May 5, 2026
Median daily dollar volume$851,196
63 sessions
Days since newest grade input231

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$15.8B2025-12-312026-02-2010-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$4.5B2025-12-312026-02-2010-Kfiling · viewer · series
3cost of revenueus-gaap:CostOfGoodsAndServicesSold$1.4B2025-12-312026-02-2010-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$1.3B2025-12-312026-02-2010-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.8B2025-12-312026-02-2010-Kfiling · viewer · series
6assetsus-gaap:Assets$17.4B2024-12-312026-02-2010-Kfiling · viewer · series
7revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$5.2B2024-12-312026-02-2010-Kfiling · viewer · series
8cost of revenueus-gaap:CostOfGoodsAndServicesSold$1.5B2024-12-312026-02-2010-Kfiling · viewer · series
9revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$5.6B2023-12-312026-02-2010-Kfiling · viewer · series
10cost of revenueus-gaap:CostOfGoodsAndServicesSold$1.6B2023-12-312026-02-2010-Kfiling · viewer · series
11revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.1B2022-12-312025-02-2010-Kfiling · viewer · series
12cost of revenueus-gaap:CostOfGoodsAndServicesSold$1.6B2022-12-312025-02-2010-Kfiling · viewer · series
13revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.5B2021-12-312024-02-2210-Kfiling · viewer · series
14cost of revenueus-gaap:CostOfGoodsAndServicesSold$1.7B2021-12-312024-02-2210-Kfiling · viewer · series
15current assetsus-gaap:AssetsCurrent$4.5B2025-12-312026-02-2010-Kfiling · viewer · series
16current liabilitiesus-gaap:LiabilitiesCurrent$653.0M2025-12-312026-02-2010-Kfiling · viewer · series
17capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$824.0M2025-12-312026-02-2010-Kfiling · viewer · series
18operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.2B2024-12-312026-02-2010-Kfiling · viewer · series
19capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$1.0B2024-12-312026-02-2010-Kfiling · viewer · series
20operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.4B2023-12-312026-02-2010-Kfiling · viewer · series
21capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$1.1B2023-12-312026-02-2010-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.6B2022-12-312025-02-2010-Kfiling · viewer · series
23capital expenditureus-gaap:PaymentsToAcquireProductiveAssets$849.0M2022-12-312025-02-2010-Kfiling · viewer · series
24assetsus-gaap:Assets$16.3B2023-12-312025-02-2010-Kfiling · viewer · series
25assetsus-gaap:Assets$19.0B2022-12-312024-02-2210-Kfiling · viewer · series
26shares outstandingdei:EntityCommonStockSharesOutstanding02026-03-312026-05-0510-Qfiling · viewer · series
27long term debtus-gaap:LongTermDebtAndCapitalLeaseObligations$1.7B2025-12-312026-02-2010-Kfiling · viewer · series
28long term debtus-gaap:LongTermDebtAndCapitalLeaseObligations$1.7B2024-12-312026-02-2010-Kfiling · viewer · series
29current assetsus-gaap:AssetsCurrent$1.3B2024-12-312026-02-2010-Kfiling · viewer · series
30current liabilitiesus-gaap:LiabilitiesCurrent$966.0M2024-12-312026-02-2010-Kfiling · viewer · series
31cashus-gaap:CashAndCashEquivalentsAtCarryingValue$56.0M2026-03-312026-05-0510-Qfiling · viewer · series
32operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$264.0M2026-03-312026-05-0510-Qfiling · viewer · series
33operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.4B2025-09-302025-10-3010-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$933.0M2025-06-302025-07-3110-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$453.0M2025-03-312026-05-0510-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 38.9 is 1.1 points from the nearest band edge; sampling error is 2.1 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.