Saturday 17 October 2026
Export LEE’s income statement to Excel — free account
Lee Enterprises, Incorporated
LEE Communication Services Publishing
Lee Enterprises, Incorporated’s revenue for fiscal 2025 (year ended September 2025) was $562.3 million, down 8.02% from fiscal 2024. In the quarter to June 2026, revenue fell 10.9%, EPS grew 167.7%, free cash flow fell 36.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
6.42
0.31
−4.61%
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| Sep '16 | Sep '17 | Sep '18 | Sep '19 | Sep '20 | Sep '21 | Sep '22 | Sep '23 | Sep '24 | Sep '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | 5 | 8 | 6 | 3 | 7 | 5 | 3 | 3 | 3 |
P/E ratio |
5.68 | 4.31 | 3.27 | 8.16 | 0.00 | 5.67 | 0.00 | 0.00 | 0.00 | 0.00 |
P/S ratio |
0.32 | 0.21 | 0.27 | 0.22 | 0.08 | 0.16 | 0.13 | 0.09 | 0.08 | 0.06 |
Altman Z-Score |
0.80 | 0.69 | 0.89 | 0.81 | 0.46 | 0.78 | 0.72 | 0.66 | 0.35 | 0.12 |
P/FCF ratio |
2.43 | 1.68 | 2.48 | 2.13 | 0.75 | 2.74 | 10.02 | 16.96 | 9.65 | 15.21 |
Altman Z″-Score (non-manufacturers) |
(1.08) | (1.22) | (0.71) | (0.73) | (0.92) | (0.75) | (1.09) | (0.91) | (1.61) | (2.17) |
P/Operating CF |
14.93 | 9.24 | 65.51 | 8.16 | 4.01 | 17.71 | 47.59 | (42.47) | (198.36) | (5.23) |
Beneish M-Score |
(2.90) | (2.81) | (2.67) | (2.83) | (2.47) | (2.38) | (2.48) | (2.50) | (2.81) | (2.83) |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 5.90 | 2.62 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
1.26 | 1.12 | 1.12 | 1.05 | 0.89 | 0.74 | 0.71 | 0.74 | 0.80 | 0.85 |
EV/EBITDA |
5.25 | 4.87 | 4.93 | 5.16 | 6.39 | 5.89 | 9.06 | 6.77 | 12.29 | 22.63 |
EV/Operating CF |
9.77 | 8.78 | 10.30 | 9.31 | 11.07 | 11.70 | 194.86 | (160.67) | 439.30 | (86.43) |
EV/FCF |
9.43 | 8.97 | 10.20 | 10.08 | 8.70 | 12.41 | 54.76 | 139.49 | 91.46 | 220.79 |
Quick Ratio |
0.69 | 0.61 | 0.75 | 0.84 | 0.60 | 0.64 | 0.65 | 0.73 | 0.61 | 0.57 |
Current Ratio |
0.78 | 0.69 | 0.91 | 0.99 | 0.76 | 0.77 | 0.83 | 0.93 | 0.85 | 0.79 |
Net Debt/EBITDA |
3.89 | 3.96 | 3.73 | 4.07 | 5.84 | 4.59 | 7.27 | 5.85 | 10.93 | 21.05 |
Debt/Assets |
89.14% | 84.81% | 81.30% | 77.87% | 62.30% | 57.21% | 62.17% | 64.04% | 68.69% | 75.69% |
Debt/Equity |
(4.63) | (5.77) | (12.90) | (11.74) | (18.17) | 11.16 | 26.83 | 19.22 | (60.80) | (11.12) |
Asset Turnover |
0.87 | 0.88 | 0.91 | 0.90 | 0.87 | 0.93 | 0.98 | 0.95 | 0.90 | 0.90 |
Operating CF/Net income |
2.27 | 2.63 | 1.30 | 4.04 | (25.25) | 2.20 | (1.41) | 0.60 | (0.04) | 0.15 |
Capex/Depreciation |
0.06 | (0.04) | 0.02 | (0.15) | 0.38 | (0.07) | 0.20 | 0.18 | 0.12 | 0.30 |
Interest Coverage |
1.62 | 1.55 | 1.62 | 1.57 | 1.05 | 1.26 | 0.59 | 0.90 | 0.11 | (0.11) |
| (24.44%) | (25.13%) | (71.81%) | (39.04%) | 5.94% | 334.56% | (6.67%) | (25.73%) | (315.72%) | 155.69% | |
| 4.96% | 4.28% | 7.65% | 2.52% | (0.28%) | 2.66% | (0.25%) | (0.72%) | (3.80%) | (6.01%) | |
ROIC |
14.56% | 13.12% | 12.57% | 12.07% | 6.62% | 7.07% | 3.35% | 5.00% | 0.66% | (0.72%) |
Return on Tangible Assets |
32.74% | 32.78% | 53.01% | 17.55% | (2.81%) | 45.09% | (3.90%) | (9.86%) | (96.47%) | (322.74%) |
Average Days of Receivables |
30.50 | 31.85 | 29.33 | 30.45 | 31.07 | 29.89 | 32.49 | 36.49 | 36.21 | 35.45 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.61 | 0.62 | 0.64 | 0.64 | 0.59 | 0.58 | 0.61 | 0.60 | 0.61 | 0.62 |
Share Based Compensation of Revenue |
0.38% | 0.37% | 0.34% | 0.32% | 0.21% | 0.11% | 0.17% | 0.26% | 0.29% | 0.31% |
Graham Net Nets |
(3.57) | (5.42) | (3.73) | (4.69) | (16.52) | (5.34) | (6.07) | (9.36) | (10.79) | (16.77) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 7.68 | 26.05 | 0.00 | 0.00 | 11.00 | 30.79 |
Earnings Yield |
17.60% | 23.18% | 30.63% | 12.25% | (5.95%) | 17.62% | (1.08%) | (8.31%) | (50.06%) | (114.71%) |
Free Cash Flow Yield |
41.09% | 59.59% | 40.40% | 47.00% | 133.60% | 36.48% | 9.98% | 5.90% | 10.36% | 6.57% |
Revenue per Share |
115.49 | 105.01 | 99.44 | 91.75 | 109.25 | 139.00 | 135.14 | 117.80 | 102.86 | 92.70 |
Operating CF per Share |
14.89 | 13.39 | 10.84 | 10.38 | 8.82 | 8.76 | 0.49 | (0.54) | 0.19 | (0.91) |
Capex per Share |
0.52 | (0.28) | 0.11 | (0.79) | 2.41 | (0.50) | 1.26 | 1.17 | 0.71 | 1.27 |
Free Cash Flow per Share |
15.41 | 13.11 | 10.95 | 9.59 | 11.22 | 8.26 | 1.76 | 0.62 | 0.90 | 0.36 |
Cash per Share |
3.19 | 1.97 | 0.98 | 1.56 | 5.96 | 4.57 | 2.80 | 2.48 | 1.61 | 1.65 |
Shareholders Equity per Share |
(23.97) | (16.89) | (6.63) | (6.63) | (5.24) | 7.56 | 2.98 | 4.04 | (1.23) | (6.75) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(23.97) | (16.89) | (6.63) | (6.63) | (5.24) | 7.56 | 2.98 | 4.04 | (1.23) | (6.75) |
Free Cash Flow |
81.98 | 70.79 | 59.89 | 53.28 | 63.48 | 47.22 | 10.15 | 3.66 | 5.37 | 2.17 |
Working Capital |
(21.76) | (30.37) | (6.00) | (0.73) | (35.27) | (32.82) | (22.01) | (7.81) | (17.58) | (23.91) |
Capital Expenditures |
2.79 | (1.50) | 0.60 | (4.40) | 13.61 | (2.86) | 7.30 | 6.85 | 4.25 | 7.71 |
Net Current Asset Value |
(713.14) | (644.22) | (552.33) | (531.73) | (784.94) | (691.52) | (617.68) | (581.38) | (558.73) | (553.24) |
EV/EBIT |
7.44 | 7.12 | 7.13 | 7.19 | 10.98 | 10.36 | 22.37 | 13.75 | 107.94 | 0.00 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.01 | (0.02) | 0.00 | (0.01) | (0.01) | (0.01) | (0.01) |
Price to Operating Income |
1.92 | 1.33 | 1.73 | 1.52 | 0.95 | 2.29 | 4.09 | 1.67 | 11.39 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.34 | 0.36 | 0.41 | 0.36 | 0.34 | 0.51 | 0.50 | 0.63 | 0.80 | 0.73 |
Cash ROIC |
17.07% | 15.87% | 13.71% | 13.18% | 11.70% | 8.55% | 2.05% | 0.74% | 1.20% | 0.51% |
Accounts Receivable Turnover |
11.11 | 11.25 | 11.68 | 11.82 | 12.99 | 13.51 | 11.61 | 9.97 | 9.42 | 9.76 |
Accounts Payable Turnover |
13.38 | 13.54 | 15.05 | 13.91 | 15.76 | 19.19 | 14.19 | 9.01 | 6.93 | 5.87 |
Inventory Turnover |
62.67 | 60.50 | 48.20 | 43.39 | 47.29 | 52.15 | 47.78 | 37.07 | 38.24 | 44.29 |
Average Days of Payables |
25.88 | 26.11 | 20.76 | 29.81 | 23.44 | 20.67 | 30.02 | 45.32 | 52.69 | 66.50 |
Days of Inventory on Hand |
6.07 | 5.55 | 9.26 | 6.71 | 10.29 | 6.37 | 8.67 | 9.37 | 8.19 | 7.49 |
Average Receivables |
55.32 | 50.40 | 46.59 | 43.12 | 47.57 | 58.83 | 67.30 | 69.31 | 64.88 | 57.63 |
Average Payables |
19.13 | 17.59 | 14.89 | 14.75 | 16.96 | 18.79 | 24.51 | 32.45 | 36.29 | 39.00 |
Average Inventory |
4.08 | 3.93 | 4.65 | 4.73 | 5.65 | 6.92 | 7.28 | 7.88 | 6.57 | 5.17 |
Average Assets |
705.34 | 641.85 | 598.13 | 565.31 | 709.63 | 853.80 | 793.80 | 727.83 | 680.39 | 625.45 |
Average Common Equity |
(143.06) | (109.38) | (63.74) | (36.55) | (33.23) | 6.80 | 30.23 | 20.47 | 8.19 | (24.15) |
Columns are period end dates