Saturday 17 October 2026 Export LEE’s income statement to Excel — free account

Lee Enterprises, Incorporated

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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Market cap: $150.0M
P/E: 0.0×
Fwd P/E: −4.8×
Dividend yield: —
F-score: 3/9
Altman Z: 0.12
Beneish M: −2.83
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 13.89

Total sells 0.48

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	5	5	—	5	3	—	—	—	—
Sell	—	—	—	—	1	—	—	1	—	—	—	—

Insider Ownership 78.68%

Capital & Financial Ratios $m

Market Cap 150.03

Revenue 517.10

Net Income (7.49)

Free Cash Flow 1.13

Net Debt 395.29

Current Ratio 1.17

Debt/Equity 11,659.36

P/E ratio 0.00

Fwd P/E (4.76)

P/S ratio 0.28

P/B ratio 3,659.73

Past 5Y EPS Growth —

This Y EPS Growth 17.70%

Next Y EPS Growth 51.68%

Next Y revenue growth 4.44%

Next 5Y EPS Growth 3.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 89.35%

10-year low 10-year high

P/B against its own 10 years 90.84%

10-year low 10-year high

EV/Sales against its own 10 years 60.27%

10-year low 10-year high

EV/FCF against its own 10 years 97.00%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	15	10	10	59
Receivables	69	61	55	45
Inventory	8	6	5	6
Other	15	22	20	11
	107	98	89	121

	2023	2024	2025	Q'26
Payables	36	36	42	46
ST’ Debt	—	—	—	—
Other	—	—	—	—
	114	115	113	104

Compound Annual Growth %

	10y	5y	3y
Sales	(1.42%)	(1.87%)	(10.37%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	130	122	126	—	—
’25	145	137	141	139	562
’24	156	147	151	159	611
’23	185	171	171	164	691
’22	202	190	195	194	781
’21	212	192	196	194	795
’20	122	121	183	192	618

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	4	(6)	8	—	—
’25	(7)	(1)	9	(6)	(6)
’24	0	3	(2)	0	1
’23	(2)	3	(3)	(1)	(3)
’22	1	(1)	1	2	3
’21	19	20	4	7	50
’20	10	0	27	12	50

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	4	(6)	7	—	—
’25	(3)	(1)	11	(4)	2
’24	2	1	(2)	3	5
’23	1	3	(2)	2	4
’22	13	(4)	0	0	10
’21	19	20	1	7	47
’20	8	15	26	15	63

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	(0.92)	(0.16)	0.21	—	—
’25	(2.80)	(2.07)	(0.31)	(1.06)	(6.20)
’24	0.12	(2.06)	(0.73)	(1.69)	(4.35)
’23	0.19	(1.01)	0.25	(0.32)	(0.90)
’22	2.17	(1.26)	(0.05)	(1.09)	(0.21)
’21	2.80	(0.19)	0.55	0.75	3.91
’20	0.90	(0.90)	(0.20)	(0.30)	(0.50)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.50	17.50	18.40	12.00	7.10	12.30	15.70	7.56	7.57	3.34	Analyst estimates 2026–2028 Powerpack
	High	39.20	33.00	33.00	36.90	30.90	41.00	44.43	23.51	19.63	15.15
People
People	Employees	3,976	3,626	3,056	2,954	5,613	5,130	4,365	3,342	3,047	2,500
	Revenue/emp, $m	0.15	0.16	0.18	0.17	0.11	0.15	0.18	0.21	0.20	0.22
Income, $m
Income, $m	Revenue	614	567	544	510	618	795	781	691	611	562
	Gross margin, %	58.35	58.02	58.80	59.77	56.75	54.61	55.45	57.71	58.88	59.28
	EBT	58	40	31	24	3	32	1	(3)	(31)	(43)
	EBT margin, %	9.47	7.09	5.67	4.68	0.46	4.03	0.10	(0.45)	(5.10)	(7.58)
	Net income	36	29	47	16	0	25	0	(3)	(24)	(36)
	Depreciation	43	41	38	29	36	43	37	38	35	26
Per share, $
Per share, $	Revenue	115.49	105.01	99.44	91.75	109.25	139.00	135.14	117.80	102.86	92.70
	Earnings	6.60	5.10	8.40	2.60	(0.50)	3.99	(0.21)	(0.90)	(4.35)	(6.20)
	Cash flow	14.89	13.39	10.84	10.38	8.82	8.76	0.49	(0.54)	0.19	(0.91)
	Capex	0.52	(0.28)	0.11	(0.79)	2.41	(0.50)	1.26	1.17	0.71	1.27
	Free cash flow	15.41	13.11	10.95	9.59	11.22	8.26	1.76	0.62	0.90	0.36
	Book value	(23.97)	(16.89)	(6.63)	(6.63)	(5.24)	7.56	2.98	4.04	(1.23)	(6.75)
	Shares, m	5	5	5	6	6	6	6	6	6	6
Valuation, ×
Valuation, ×	P/E	5.68	4.31	3.27	8.16	0.00	5.67	0.00	0.00	0.00	0.00
	P/S	0.32	0.21	0.27	0.22	0.08	0.16	0.13	0.09	0.08	0.06
	P/B	0.00	0.00	0.00	0.00	0.00	2.99	5.90	2.62	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/FCF	9.43	8.97	10.20	10.08	8.70	12.41	54.76	139.49	91.46	220.79
Cash, $m
Cash, $m	Operating cash flow	79	72	59	58	50	50	3	(3)	1	(6)
	Capex	3	(1)	1	(4)	14	(3)	7	7	4	8
	Free cash flow	82	71	60	53	63	47	10	4	5	2
Balance, $m
Balance, $m	Working capital	(22)	(30)	(6)	(1)	(35)	(33)	(22)	(8)	(18)	(24)
	Total debt	591	527	468	432	538	483	463	456	446	455
	Net debt	574	516	462	424	505	457	446	441	436	445
	Shareholders’ equity	(128)	(91)	(36)	(37)	(30)	43	17	24	(7)	(41)
Returns, %
Returns, %	ROA	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)
	ROE	(24.44)	(25.13)	(71.81)	(39.04)	5.94	334.56	(6.67)	(25.73)	(315.72)	155.69

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NYT The New York Times Company	$11.1B	28.0×	28.6×	+11.17% (above 0%: growing)	+13.73% (above 0%: growing)	+78.27% (above 0%: growing)	51.76%	15.48%	Compare
PSO Pearson, PLC	$10.7B	18.8×	—	+7.23% (above 0%: growing)	+1,083.81% (above 0%: growing)	+1,102.06% (above 0%: growing)	48.91%	0.00%	Compare
WLY John Wiley & Sons, Inc.	$2.7B	13.7×	11.2×	−2.63% (below 0%: shrinking)	n/m	+30.28% (above 0%: growing)	73.89%	0.76%	Compare
WLYB John Wiley & Sons, Inc.	$2.1B	13.7×	—	−2.63% (below 0%: shrinking)	n/m	+30.28% (above 0%: growing)	73.89%	0.76%	Compare
TDAY USA TODAY Co., Inc.	$1.1B	— (loss-making)	26.6×	−8.30% (below 0%: shrinking)	−88.89% (below 0%: shrinking)	+1.14% (above 0%: growing)	38.83%	3.73%	Compare
SCHL Scholastic Corporation	$711.5M	24.9×	16.2×	−3.90% (below 0%: shrinking)	n/m	−18.41% (below 0%: shrinking)	45.53%	(42.53%)	Compare
LEE Lee Enterprises, Incorporated	$150.0M	— (loss-making)	— (loss-making)	−10.85% (below 0%: shrinking)	n/m	−36.16% (below 0%: shrinking)	62.43%	6.85%
EDUC Educational Development Corporation	$9.3M	5.3×	10.4×	−11.92% (below 0%: shrinking)	n/m	−61.99% (below 0%: shrinking)	59.73%	(38.41%)	Compare
TNMG TNL Mediagene	$2.5M	13.1×	—	—	+25.00% (above 0%: growing)	−233.71% (below 0%: shrinking)	—	—	Compare
Median of peers	$1.6B	13.7×	16.2×	−2.63%	+19.37%	+15.71%	51.76%	0.76%

All 9 Publishing stocks →

Lee Enterprises, Incorporated (LEE) key facts

Concern: Lee Enterprises, Incorporated’s revenue for fiscal 2025 (year ended September 2025) was $562.3 million, down 8.02% from fiscal 2024.
Lee Enterprises, Incorporated (LEE) is a Publishing company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, LEE traded at $6.42, a market capitalization of $150.0 million.
Return on equity was 155.7% and debt-to-equity 11659.36.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.12 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.