What is Lee Enterprises, Inc.'s earnings per share (EPS)?

Lee Enterprises, Inc. (LEE) reported diluted earnings per share of -$6.20 for fiscal year 2025. This represents a -42.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lee Enterprises, Inc. (LEE) Financials

LEE

Trailing 12 months to June 28, 2026

Revenue $517.1M -11.1% YoY

Net Income -$9.5M +77.0% YoY

EPS (Diluted) -$6.20 FY2025 annual

Free Cash Flow -$4.6M +19.7% YoY

Market Cap $152.3M as of Oct 13, 2026

Price / Sales 0.3x on $517.1M revenue, trailing 12 months to June 28, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 28, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 28, 2026 Reported Aug 7, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LEE SEC filings page.

Lee Enterprises, Inc. (LEE) reported $517.1M in revenue over the twelve months to Jun 28, 2026, down 11.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LEE FY2025 2026-10-03

Lee has shifted from modestly profitable operations to negative cash generation, with liabilities now exceeding its asset base.

The margin trajectory is more revealing than revenue alone: operating margin fell from 7.1% in FY2021 to -0.8% in FY2025, indicating that cost reductions did not offset the shrinking business. Despite lower capital spending, operating cash flow turned negative in FY2025 while free cash flow remained negative, so reported EBITDA did not translate into cash available after investment.

The balance sheet is structurally thin: total liabilities of $642.7M exceeded total assets of $601.7M in FY2025, leaving the company with negative equity. A current ratio of 0.8x means current assets did not cover current liabilities; the reported liquidity measure equaled 34.9 months of the latest annual operating outflow, a balance comparison rather than a forecast.

Cash generation weakened alongside earnings: operating cash flow moved from positive in FY2024 to negative in FY2025, while free cash flow was negative in both years. Interest expense was $40.5M while operating income was a $4.7M loss, so financing costs compound operating weakness rather than merely reducing a profitable result.

Financial Health Signals

Financial Health Score 19/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lee Enterprises, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Lee Enterprises, Inc. has an operating margin of -0.8%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 34/100. This is down from 0.7% the prior year.

Growth

Lee Enterprises, Inc.'s revenue declined 8.0% year-over-year, from $611.4M to $562.3M. This contraction results in a growth score of 10/100.

Leverage

Liquidity

Lee Enterprises, Inc.'s current ratio of 0.79 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Lee Enterprises, Inc.'s operations used $5.5M of cash, and capex of $1.5M added to the outflow, for a free cash flow shortfall of $7.1M. This results in a cash flow score of 23/100.

Returns

Altman Z-Score Distress

0.24

Lee Enterprises, Inc. scores 0.24, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($152.3M) relative to total liabilities ($642.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/8

Lee Enterprises, Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Lee Enterprises, Inc. reported a net loss of $37.6M while operations used $5.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Lee Enterprises, Inc. reported an operating loss of $4.7M against $40.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$126.0M

YoY-10.8%

QoQ+3.3%

5Y CAGR-8.5%

10Y CAGR-1.8%

Lee Enterprises, Inc. generated $126.0M in revenue in Q3 2026. This represents a decrease of 10.8% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.

EBITDA

$12.2M

YoY+44.0%

QoQ+0.8%

5Y CAGR-13.2%

Lee Enterprises, Inc.'s EBITDA was $12.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.0% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.

Net Income

$4.7M

YoY+343.5%

QoQ+317.6%

5Y CAGR+7.7%

10Y CAGR+1.3%

Lee Enterprises, Inc. reported $4.7M in net income in Q3 2026. This represents an increase of 343.5% from the same quarter a year earlier. Against the prior quarter it is up 317.6%.

EPS (Diluted)

$0.21

5Y CAGR-17.5%

10Y CAGR+10.1%

Lee Enterprises, Inc. earned $0.21 per diluted share (EPS) in Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$6.8M

YoY-17.3%

QoQ+200.3%

5Y CAGR+44.3%

10Y CAGR-10.9%

Lee Enterprises, Inc. generated $6.8M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 17.3% from the same quarter a year earlier. Against the prior quarter it is up 200.3%.

Cash & Debt

$59.4M

YoY+320.7%

QoQ+11.5%

5Y CAGR+23.0%

10Y CAGR+10.5%

Lee Enterprises, Inc. held $59.4M in cash against $454.7M in long-term debt as of Q3 2026.

Shares Outstanding

22M

Lee Enterprises, Inc. had 22M shares outstanding in Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Operating Margin

6.9%

YoY+3.6pp

QoQ-0.2pp

5Y change-0.2pp

Lee Enterprises, Inc.'s operating margin was 6.9% in Q3 2026, reflecting core business profitability. This is up 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Net Margin

3.7%

YoY+5.1pp

QoQ+5.5pp

5Y change+2.1pp

10Y change+1.0pp

Lee Enterprises, Inc.'s net profit margin was 3.7% in Q3 2026, showing the share of revenue converted to profit. This is up 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.

Gross Margin

Not reported for Q3 2026.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

$1.1M

YoY+74.0%

QoQ+85.8%

5Y CAGR-15.0%

10Y CAGR-8.2%

Lee Enterprises, Inc. invested $1.1M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 74.0% from the same quarter a year earlier. Against the prior quarter it is up 85.8%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

LEE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LEE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$517.1M	$562.3M-8.0%	$611.4M-11.5%	$691.1M-11.5%	$781.0M-1.7%	$794.6M+28.6%	$618.0M+21.2%	$509.9M-6.3%	$544.0M-4.1%	$566.9M-7.7%	$614.4M-5.3%	$648.5M-1.9%	$660.9M-2.5%	$677.8M-4.1%	$706.9M-2.3%	$723.2M
SG&A Expenses	$192.7M	$216.0M-7.9%	$234.6M-12.1%	$266.9M-16.0%	$317.8M-4.0%	$330.9M+36.2%	$243.0M+32.9%	$182.9M-8.2%	$199.2M-6.5%	$213.1M-7.2%	$229.8M-3.9%	$239.0M-1.7%	$243.1M-4.6%	$254.8M-7.1%	$274.4M-2.5%	$281.5M
Operating Income	$20.9M	-$4.7M-202.3%	$4.5M-87.8%	$37.2M+49.6%	$24.9M-56.1%	$56.6M+12.5%	$50.3M-32.7%	$74.7M-12.8%	$85.7M-3.9%	$89.1M-14.3%	$104.0M-4.9%	$109.4M-3.4%	$113.2M+297.5%	-$57.3M-155.4%	$103.4M+202.5%	-$100.9M
EBITDA	N/A	$14.2M-55.9%	$32.2M-52.6%	$67.8M+10.4%	$61.4M-38.2%	$99.4M+15.0%	$86.4M-17.0%	$104.1M-11.4%	$117.5M-9.9%	$130.4M-11.5%	$147.4M-4.8%	$154.9M-4.2%	$161.7M+9714.1%	-$1.7M-101.0%	$168.6M+636.7%	-$31.4M
Interest Expense	$33.6M	$40.5M-1.8%	$41.2M-0.6%	$41.5M-0.7%	$41.8M-6.7%	$44.8M-6.2%	$47.7M+0.5%	$47.5M-10.1%	$52.8M-8.2%	$57.6M-10.4%	$64.2M-11.3%	$72.4M-9.2%	$79.7M-10.9%	$89.4M+7.7%	$83.1M+57.7%	$52.7M
Income Tax	$157K	-$6.9M+9.3%	-$7.6M-2080.5%	-$349K-150.0%	$698K-90.4%	$7.3M+144.0%	$3.0M-62.5%	$7.9M+148.9%	-$16.2M-239.8%	$11.6M-47.6%	$22.2M+63.1%	$13.6M+116.1%	$6.3M+110.0%	-$62.7M-584.9%	-$9.2M+54.6%	-$20.2M
Net Income	-$9.5M	-$37.6M-45.5%	-$25.8M-390.7%	-$5.3M-161.1%	-$2.0M-108.9%	$22.7M+1251.6%	-$2.0M-113.8%	$14.3M-68.8%	$45.8M+66.5%	$27.5M-21.4%	$35.0M+49.9%	$23.3M+243.1%	$6.8M+108.7%	-$78.3M-369.0%	-$16.7M+88.6%	-$146.9M
EPS (Basic)	N/A	-$6.20-42.5%	-$4.35-383.3%	-$0.90-157.1%	-$0.35-108.8%	$3.98+1237.1%	-$0.35-113.6%	$2.57+206.0%	$0.84+64.7%	$0.51-22.7%	$0.66+50.0%	$0.44+238.5%	$0.13+108.6%	-$1.51-344.1%	-$0.34+89.6%	-$3.27
EPS (Diluted)	—	-$6.20-42.5%	-$4.35-383.3%	-$0.90-157.1%	-$0.35-109.0%	$3.90	-$0.35-113.9%	$2.51	$0.82+64.0%	$0.50-21.9%	$0.64+48.8%	$0.43+230.8%	$0.13+108.6%	-$1.51-344.1%	-$0.34	-$3.27
Diluted Shares (Avg)	N/A	6M+2.1%	6M+1.3%	6M+1.5%	6M-0.8%	6M	6M+0.1%	6M	56M+1.0%	55M+2.2%	54M+0.5%	54M+0.4%	54M+3.7%	52M+5.2%	49M	45M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$126.0M-10.8%	$122.0M-11.2%	$130.1M-10.0%	$139.1M-12.3%	$141.3M-6.2%	$137.4M-6.3%	$144.6M-7.1%	$158.6M-3.3%
SG&A Expenses	$44.8M-5.5%	$46.7M-17.5%	$49.4M-18.0%	$51.7M-12.2%	$47.4M-20.0%	$56.7M-0.3%	$60.3M+1.0%	$58.8M-0.4%
Operating Income	$8.6M+85.2%	$8.5M+289.7%	$5.2M+255.4%	-$1.5M+60.2%	$4.7M-5.3%	-$4.5M+1.1%	-$3.4M-142.8%	-$3.7M-133.5%
EBITDA	$12.2M+44.0%	$12.1M+1704.9%	$8.8M+201.6%	$2.2M-13.9%	$8.4M-28.3%	$668K-75.6%	$2.9M-80.7%	$2.5M-86.4%
Interest Expense	$5.6M-45.1%	$7.6M-23.3%	$10.2M-0.3%	$10.1M-6.1%	$10.1M+0.5%	$9.9M-2.6%	$10.3M+1.5%	$10.8M+4.6%
Income Tax	$1.4M+151.0%	$3.4M+293.7%	$931K-71.3%	-$5.6M-34.8%	-$2.7M-223.2%	-$1.8M+37.3%	$3.2M+1207.7%	-$4.2M-569.8%
Net Income	$4.7M+343.5%	-$2.1M+82.8%	-$5.6M+66.5%	-$6.4M+36.4%	-$1.9M+55.0%	-$12.5M-2.7%	-$16.7M-2534.3%	-$10.1M-408.5%
EPS (Basic)	$0.21+167.7%	-$0.16+92.3%	-$0.92+67.1%	-$1.04+37.7%	-$0.31+57.5%	-$2.07-0.5%	-$2.80-2433.3%	-$1.67-391.2%
EPS (Diluted)	$0.21	-$0.16	-$0.92	-$1.04+37.7%	-$0.31+57.5%	-$2.07-0.5%	-$2.80-2433.3%	-$1.67-391.2%
Diluted Shares (Avg)	22M	14M	6M	N/A	6M+4.2%	6M+2.1%	6M+0.9%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

LEE Balance Sheet

LEE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$601.7M-7.3%	$649.2M-8.8%	$711.6M-4.4%	$744.0M-11.8%	$843.6M-2.4%	$864.1M+55.6%	$555.2M-3.5%	$575.4M-7.3%	$620.9M-6.3%	$662.9M-11.4%	$747.8M-7.8%	$811.3M-2.0%	$827.7M-22.0%	$1.1B-8.4%	$1.2B
Current Assets	$89.4M-8.5%	$97.8M-8.2%	$106.5M-2.4%	$109.1M+0.3%	$108.8M0.0%	$108.8M+80.3%	$60.3M+1.6%	$59.3M-12.5%	$67.8M-12.2%	$77.3M-6.5%	$82.7M-14.0%	$96.1M-7.9%	$104.3M-14.7%	$122.3M-9.9%	$135.7M
Cash & Equivalents	$10.0M+4.1%	$9.6M-34.0%	$14.5M-10.1%	$16.2M-38.0%	$26.1M-22.6%	$33.7M+290.2%	$8.6M+60.7%	$5.4M-49.3%	$10.6M-37.5%	$17.0M+52.5%	$11.1M-33.3%	$16.7M-4.9%	$17.6M0.0%	$17.6M-25.4%	$23.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$4.7M-16.8%	$5.6M-24.8%	$7.5M-9.2%	$8.3M+31.3%	$6.3M-16.4%	$7.5M+99.9%	$3.8M-33.7%	$5.7M+57.2%	$3.6M-15.0%	$4.3M+8.6%	$3.9M-41.2%	$6.7M	N/A	N/A	$7.4M
Accounts Receivable	$54.6M-10.0%	$60.6M-12.2%	$69.1M-0.6%	$69.5M+6.8%	$65.1M+23.7%	$52.6M+23.7%	$42.5M-2.7%	$43.7M-11.6%	$49.5M-3.6%	$51.3M-12.8%	$58.9M-5.5%	$62.3M-1.4%	$63.2M-6.9%	$67.9M-2.0%	$69.3M
Long-Term Investments	$6.1M+1.3%	$6.0M+8.4%	$5.6M-6.7%	$6.0M-1.5%	$6.1M-3.0%	$6.3M-84.1%	$39.4M-1.9%	$40.2M+2.7%	$39.1M-0.2%	$39.2M-11.2%	$44.2M-8.9%	$48.5M-3.2%	$50.0M-4.2%	$52.2M-10.3%	$58.2M
Goodwill	$323.9M-1.3%	$328.0M-0.4%	$329.5M0.0%	$329.5M-0.2%	$330.2M+0.5%	$328.4M+31.2%	$250.3M+1.7%	$246.2M-0.1%	$246.4M+1.1%	$243.7M0.0%	$243.7M0.0%	$243.7M0.0%	$243.7M0.0%	$243.7M-1.4%	$247.3M
Total Liabilities	$642.7M-2.1%	$656.5M-4.6%	$687.9M-5.4%	$726.8M-9.2%	$800.3M-11.8%	$907.1M+53.2%	$592.0M-3.2%	$611.7M-14.1%	$712.1M-9.9%	$790.4M-12.8%	$906.4M-8.3%	$988.8M-0.9%	$997.4M-15.1%	$1.2B-6.7%	$1.3B
Current Liabilities	$113.4M-1.7%	$115.4M+0.9%	$114.3M-12.8%	$131.1M-7.4%	$141.6M-1.7%	$144.0M+136.0%	$61.0M-6.6%	$65.3M-33.5%	$98.2M-0.8%	$99.0M-5.9%	$105.3M-11.3%	$118.7M+11.0%	$107.0M-3.0%	$110.3M-89.9%	$1.1B
Non-Current Liabilities	$529.3M-2.2%	$541.2M-5.7%	$573.6M-3.7%	$595.7M-9.6%	$658.7M-13.7%	$763.1M+43.7%	$531.0M-2.8%	$546.3M-11.0%	$613.9M-11.2%	$691.4M-13.7%	$801.1M-7.9%	$870.1M-2.3%	$890.4M-16.4%	$1.1B+545.8%	$164.9M
Long-Term Debt	$455.5M+2.1%	$445.9M-2.1%	$455.7M-1.5%	$462.6M-2.9%	$476.5M-9.2%	$524.6M+22.2%	$429.4M-6.8%	$460.8M-7.2%	$496.4M-12.3%	$565.8M-19.3%	$700.9M-9.4%	$773.4M-5.7%	$820.2M-10.3%	$914.2M	N/A
Total Equity	-$43.3M-337.9%	-$9.9M-146.6%	$21.2M+41.6%	$15.0M-63.5%	$41.1M+230.2%	-$31.6M+18.0%	-$38.5M-3.0%	-$37.4M+59.5%	-$92.2M+28.2%	-$128.5M0.0%	-$128.5M+27.9%	-$178.3M-4.6%	-$170.3M-49.4%	-$114.1M-13.0%	-$100.9M
Retained Earnings	-$329.9M-12.9%	-$292.3M-9.7%	-$266.5M-2.0%	-$261.2M-0.8%	-$259.2M+8.1%	-$282.0M-6.2%	-$265.4M+5.1%	-$279.7M+14.9%	-$328.5M+7.7%	-$356.0M+8.9%	-$391.0M+5.6%	-$414.3M+1.6%	-$421.1M-22.8%	-$342.8M-5.1%	-$326.1M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$624.6M+0.3%	$618.6M-0.8%	$592.6M-6.4%	$601.7M-7.3%	$622.7M-8.1%	$623.9M-8.9%	$633.0M-9.9%	$649.2M-8.8%
Current Assets	$121.1M+25.0%	$112.5M+21.1%	$82.9M-10.2%	$89.4M-8.5%	$96.9M-4.9%	$92.8M-9.0%	$92.3M-12.8%	$97.8M-8.2%
Cash & Equivalents	$59.4M+320.7%	$53.3M+1042.3%	$12.6M+106.2%	$10.0M+4.1%	$14.1M+5.2%	$4.7M-71.0%	$6.1M-60.2%	$9.6M-34.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$5.9M+11.1%	$5.2M-7.7%	$4.8M-22.5%	$4.7M-16.8%	$5.3M-11.7%	$5.6M-16.1%	$6.2M-18.4%	$5.6M-24.8%
Accounts Receivable	$44.9M-21.3%	$45.6M-26.9%	$51.1M-14.2%	$54.6M-10.0%	$57.1M-6.7%	$62.3M+5.3%	$59.5M-12.6%	$60.6M-12.2%
Long-Term Investments	$6.3M+3.3%	$6.2M+3.3%	$6.2M+1.4%	$6.1M+1.3%	$6.1M+8.8%	$6.0M+7.3%	$6.1M+9.4%	$6.0M+8.4%
Goodwill	$323.9M0.0%	$323.9M0.0%	$323.9M0.0%	$323.9M-1.3%	$323.9M-1.3%	$323.9M-1.3%	$323.9M-1.3%	$328.0M-0.4%
Total Liabilities	$624.6M-5.5%	$621.8M-5.8%	$639.0M-2.8%	$642.7M-2.1%	$660.8M-1.5%	$660.0M-2.1%	$657.1M-3.4%	$656.5M-4.6%
Current Liabilities	$103.8M-11.9%	$98.4M-15.4%	$112.3M-5.7%	$113.4M-1.7%	$117.9M+6.7%	$116.3M+6.8%	$119.0M+5.6%	$115.4M+0.9%
Non-Current Liabilities	$520.8M-4.1%	$523.4M-3.7%	$526.7M-2.1%	$529.3M-2.2%	$543.0M-3.1%	$543.7M-3.8%	$538.2M-5.2%	$541.2M-5.7%
Long-Term Debt	$454.7M-0.2%	$455.5M+0.4%	$455.5M+2.1%	$455.5M+2.1%	$455.5M+1.2%	$453.5M0.0%	$445.9M-1.8%	$445.9M-2.1%
Total Equity	-$2.2M+94.5%	-$5.5M+85.9%	-$48.7M-82.9%	-$43.3M-337.9%	-$40.5M-1120.6%	-$38.9M-592.3%	-$26.7M-235.1%	-$9.9M-146.6%
Retained Earnings	-$333.0M-2.9%	-$337.7M-5.0%	-$335.5M-8.6%	-$329.9M-12.9%	-$323.5M-14.6%	-$321.6M-15.7%	-$309.1M-16.3%	-$292.3M-9.7%

LEE Cash Flow Statement

LEE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$167K	-$5.5M-596.1%	$1.1M+135.1%	-$3.2M-211.5%	$2.9M-94.3%	$50.1M+0.4%	$49.9M-13.5%	$57.7M-2.7%	$59.3M-18.0%	$72.3M-8.7%	$79.2M+6.3%	$74.5M-9.3%	$82.1M-8.9%	$90.1M+12.5%	$80.0M-20.4%	$100.6M
Depreciation & Amortization	N/A	$18.8M-31.8%	$27.6M-9.8%	$30.6M-16.2%	$36.5M-14.7%	$42.8M+18.6%	$36.1M+23.2%	$29.3M-7.7%	$31.8M-23.1%	$41.3M-5.0%	$43.4M-4.7%	$45.6M-6.1%	$48.5M-12.8%	$55.6M-14.6%	$65.1M-6.3%	$69.5M
Stock-Based Compensation	N/A	$1.8M+0.3%	$1.8M-3.0%	$1.8M+35.1%	$1.3M+56.6%	$854K-34.0%	$1.3M-21.0%	$1.6M-11.8%	$1.9M-11.1%	$2.1M-9.5%	$2.3M+17.0%	$2.0M+33.1%	$1.5M+17.4%	$1.3M+16.8%	$1.1M-16.1%	$1.3M
Capital Expenditures	$411K	$1.5M-83.2%	$9.2M+80.3%	$5.1M-32.2%	$7.5M+0.8%	$7.5M-7.6%	$8.1M+37.2%	$5.9M-2.1%	$6.0M+47.7%	$4.1M-42.5%	$7.1M-26.9%	$9.7M-28.9%	$13.7M+40.3%	$9.7M+24.2%	$7.8M+5.6%	$7.4M
Free Cash Flow	-$4.6M	-$7.1M+12.4%	-$8.1M+2.4%	-$8.3M-77.0%	-$4.7M-111.0%	$42.6M+2.0%	$41.8M-19.3%	$51.8M-2.8%	$53.3M-21.9%	$68.2M-5.4%	$72.1M+11.3%	$64.8M-5.3%	$68.4M-14.8%	$80.3M+11.3%	$72.2M-22.5%	$93.2M
Investing Cash Flow	$1.3M	$7.7M+106.6%	$3.7M-56.8%	$8.6M+24.9%	$6.9M+403.5%	-$2.3M+98.1%	-$118.2M-980.9%	-$10.9M-15084.7%	-$72K+99.2%	-$9.5M	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$44.2M	-$1.8M+81.9%	-$9.8M-38.2%	-$7.1M+64.0%	-$19.7M+64.5%	-$55.4M-159.3%	$93.4M+314.8%	-$43.5M+32.6%	-$64.5M+6.8%	-$69.2M	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$7.9M-11.0%	-$6.2M-690.8%	$4.5M+160.9%	-$6.3M-2316.1%	$8.9M+567.5%	-$790K-124.7%	-$7.3M-9271.3%	-$261K+82.2%
Depreciation & Amortization	$3.5M-6.8%	$3.5M-32.0%	$3.6M-42.9%	$3.6M-41.3%	$3.8M-44.8%	$5.2M-29.1%	$6.3M-14.1%	$6.2M-17.9%
Stock-Based Compensation	N/A	N/A	$328K-23.7%	N/A	N/A	N/A	$430K+100.9%	N/A
Capital Expenditures	$1.1M+74.0%	$577K-57.9%	$758K-51.2%	-$2.0M-24.8%	$616K-82.8%	$1.4M-29.7%	$1.6M+50.8%	$2.7M+101.8%
Free Cash Flow	$6.8M-17.3%	-$6.8M-215.9%	$3.7M+141.8%	-$8.3M-184.6%	$8.3M+251.1%	-$2.2M-272.5%	-$8.9M-835.8%	-$2.9M-5.0%
Investing Cash Flow	-$999K-151.5%	$471K+170.5%	-$755K-119.6%	$2.6M-19.9%	$1.9M+440.7%	-$668K+65.6%	$3.9M+84.3%	$3.2M-3.2%
Financing Cash Flow	-$763K+44.4%	$46.4M	-$1.1M	-$406K+94.0%	-$1.4M-20.5%	$0+100.0%	$0+100.0%	-$6.8M-59.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

LEE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LEE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	-0.8%-1.6pp	0.7%-4.6pp	5.4%+2.2pp	3.2%-3.9pp	7.1%-1.0pp	8.1%-6.5pp	14.7%-1.1pp	15.8%0.0pp	15.7%-1.2pp	16.9%+0.1pp	16.9%-0.3pp	17.1%+25.6pp	-8.5%-23.1pp	14.6%+28.6pp	-14.0%
Net Margin	-6.7%-2.5pp	-4.2%-3.5pp	-0.8%-0.5pp	-0.3%-3.1pp	2.9%+3.2pp	-0.3%-3.1pp	2.8%-5.6pp	8.4%+3.6pp	4.9%-0.8pp	5.7%+2.1pp	3.6%+2.6pp	1.0%+12.6pp	-11.6%-9.2pp	-2.4%+17.9pp	-20.3%
Return on Equity	N/A	N/A	-24.8%-11.4pp	-13.4%-68.8pp	55.3%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.3%-2.3pp	-4.0%-3.2pp	-0.7%-0.5pp	-0.3%-3.0pp	2.7%+2.9pp	-0.2%-2.8pp	2.6%-5.4pp	8.0%+3.5pp	4.4%-0.8pp	5.3%+2.1pp	3.1%+2.3pp	0.8%+10.3pp	-9.5%-7.9pp	-1.6%+11.1pp	-12.7%
Current Ratio	0.79-0.1x	0.85-0.1x	0.93+0.1x	0.83+0.1x	0.770.0x	0.76-0.2x	0.99+0.1x	0.91+0.2x	0.69-0.1x	0.780.0x	0.790.0x	0.81-0.2x	0.98-0.1x	1.11+1.0x	0.12
Debt-to-Equity	N/A	N/A	21.46-9.4x	30.83+19.2x	11.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.930.0x	0.940.0x	0.97-0.1x	1.05+0.1x	0.94+0.2x	0.72-0.2x	0.920.0x	0.950.0x	0.910.0x	0.93+0.1x	0.87+0.1x	0.810.0x	0.82+0.2x	0.670.0x	0.62
FCF Margin	-1.3%+0.1pp	-1.3%-0.1pp	-1.2%-0.6pp	-0.6%-6.0pp	5.4%-1.4pp	6.8%-3.4pp	10.2%+0.4pp	9.8%-2.2pp	12.0%+0.3pp	11.7%+1.8pp	10.0%-0.4pp	10.3%-1.5pp	11.8%+1.6pp	10.2%-2.7pp	12.9%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Margin	6.9%+3.6pp	7.0%+10.3pp	4.0%+6.3pp	-1.1%+1.3pp	3.3%0.0pp	-3.3%-0.2pp	-2.3%-7.3pp	-2.3%-9.0pp
Net Margin	3.7%+5.1pp	-1.8%+7.3pp	-4.3%+7.3pp	-4.6%+1.8pp	-1.4%+1.5pp	-9.1%-0.8pp	-11.6%-12.0pp	-6.4%-5.2pp
Return on Assets	0.8%+1.1pp	-0.4%+1.7pp	-0.9%+1.7pp	-1.1%+0.5pp	-0.3%+0.3pp	-2.0%-0.2pp	-2.6%-2.8pp	-1.6%-1.3pp
Current Ratio	1.17+0.3x	1.14+0.3x	0.740.0x	0.79-0.1x	0.82-0.1x	0.80-0.1x	0.78-0.2x	0.85-0.1x
Asset Turnover	0.200.0x	0.200.0x	0.220.0x	0.230.0x	0.230.0x	0.220.0x	0.230.0x	0.240.0x
FCF Margin	5.4%-0.4pp	-5.6%-4.0pp	2.9%+9.0pp	-6.0%-4.1pp	5.9%+9.5pp	-1.6%-2.4pp	-6.2%-5.5pp	-1.8%-0.2pp

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$43.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Lee Enterprises, Inc. LEE	FY2025	$562.3M	-$37.6M	-6.7%	$152.3M	19/100
TNL Mediagene TNMG	FY2025	$35.8M	-$1.2M	-3.4%	$2.8M	43/100
Educational Development Corp EDUC	FY2026	$22.9M	$2.3M	10.2%	$11.1M	39/100
DallasNews Corporation Series A DALN	FY2024	$125.4M	$131K	0.1%	$88.4M	30/100
Gannett Co., Inc. GCI	FY2025	$2.3B	$1.7M	0.1%	$669.3M	20/100
Scholastic Corp SCHL	FY2026	$1.6B	$56.7M	3.6%	$725.3M	39/100

Where Lee Enterprises, Inc. Ranks

Frequently Asked Questions

What is Lee Enterprises, Inc.'s annual revenue?

Lee Enterprises, Inc. (LEE) reported $562.3M in total revenue for fiscal year 2025. This represents a -8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lee Enterprises, Inc.'s revenue growing?

Lee Enterprises, Inc. (LEE) revenue declined by 8.0% year-over-year, from $611.4M to $562.3M in fiscal year 2025.

Is Lee Enterprises, Inc. profitable?

No, Lee Enterprises, Inc. (LEE) reported a net income of -$37.6M in fiscal year 2025, with a net profit margin of -6.7%.

What is Lee Enterprises, Inc.'s EBITDA?

Lee Enterprises, Inc. (LEE) had EBITDA of $14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lee Enterprises, Inc. have?

As of fiscal year 2025, Lee Enterprises, Inc. (LEE) had $10.0M in cash and equivalents against $455.5M in long-term debt.

What is Lee Enterprises, Inc.'s operating margin?

Lee Enterprises, Inc. (LEE) had an operating margin of -0.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lee Enterprises, Inc.'s net profit margin?

Lee Enterprises, Inc. (LEE) had a net profit margin of -6.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lee Enterprises, Inc.'s free cash flow?

Lee Enterprises, Inc. (LEE) recorded an outflow of $7.1M in free cash flow during fiscal year 2025. This represents a 12.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lee Enterprises, Inc.'s operating cash flow?

Lee Enterprises, Inc. (LEE) recorded an outflow of $5.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Lee Enterprises, Inc.'s total assets?

Lee Enterprises, Inc. (LEE) had $601.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lee Enterprises, Inc.'s capital expenditures?

Lee Enterprises, Inc. (LEE) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Lee Enterprises, Inc. have outstanding?

Lee Enterprises, Inc. (LEE) had 6M shares outstanding as of fiscal year 2025.

What is Lee Enterprises, Inc.'s current ratio?

Lee Enterprises, Inc. (LEE) had a current ratio of 0.79 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Lee Enterprises, Inc.'s return on assets (ROA)?

Lee Enterprises, Inc. (LEE) had a return on assets of -6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lee Enterprises, Inc.'s P/E ratio?

Lee Enterprises, Inc. (LEE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 28, 2026). The market capitalization is $152.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Lee Enterprises, Inc.'s price-to-sales ratio?

Lee Enterprises, Inc. (LEE) trades at 0.3x sales, its market capitalization divided by revenue of $517.1M revenue, trailing 12 months to June 28, 2026. The market capitalization is $152.3M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Lee Enterprises, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Lee Enterprises, Inc. (LEE) held $16.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.5M over that year. Dividing the one by the other, the reported balance equals about 35 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Lee Enterprises, Inc.'s debt-to-equity ratio negative or not reported?

Lee Enterprises, Inc. (LEE) has negative shareholder equity of -$43.3M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Lee Enterprises, Inc.'s Altman Z-Score?

Lee Enterprises, Inc. (LEE) has an Altman Z-Score of 0.24, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lee Enterprises, Inc.'s Piotroski F-Score?

Lee Enterprises, Inc. (LEE) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lee Enterprises, Inc.'s earnings high quality?

Lee Enterprises, Inc. (LEE) reported a net loss of $37.6M while operations used $5.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Lee Enterprises, Inc. cover its interest payments?

Lee Enterprises, Inc. (LEE) reported an operating loss of $4.7M against $40.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Lee Enterprises, Inc.?

Lee Enterprises, Inc. (LEE) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.