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MARKETS / NASDAQ / LEE
NASDAQ · NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING · SMALL CAP

LEE Enterprises, Inc. LEE

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$562.3M
▼ 8.0% YoY
$-37.6M
$-7.1M
In brief

What this company does

Lee Enterprises, Incorporated's portfolio includes digital subscription platforms, daily and weekly newspapers, and specialized niche products that deliver local content alongside national and international news. It serves 72 mid-sized communities across 25 states, reaching more than 633,000 digital-only subscribers through its digital platform. As of September 28, 2025, it had approximately 2,500 employees, including approximately 270 part time employees, exclusive of TNI and MNI employees. It enables more than 20,000 local advertisers to engage customers and strengthen their brands through its portfolio of digital products and marketing services. Its primary revenue streams are derived from subscriptions, advertising, and digital marketing services. It publishes daily newspapers and maintains digital sites in Tucson, Arizona and Madison, Wisconsin through its investments in TNI Partners and Madison Newspapers, Inc.

Written from the business description in LEE ENTERPRISES, INC's annual report to the U.S. Securities and Exchange Commission, filed 26 November 2025. Every sentence was checked against that document before publication.

Growth
USD 562.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 562.3 · Net income -37.6
400M800M-50M-100M200920112013201520172019202120232025
Compound annual growth
−10.4%
−1.9%
−1.4%
−1.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -0.8% · Net -6.4%
5%10%15%-10%-20%200920112013201520172019202120232025
ROE
FY2024 · ROE -455.4%
50%100%-200%-400%200920112013201520172019202120232025
Gross margin—
Operating margin-0.8%
Net margin-6.4%
Return on assets-5.7%
EBITDAUSD 14.2M

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.1
40M80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2011 · Dividends 0.0 · Net buybacks —
4M8M200920102011
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 601.7M
EquityUSD -43.3M
CashUSD 10.0M
Gross debtUSD 455.5M
Net debtUSD 445.5M
Current ratio0.79×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.60.60.70.80.80.60.50.50.60.60.60.70.70.70.70.70.8
Operating income $B−0.00.00.00.00.10.10.10.10.10.10.10.1−0.10.1−0.10.1−0.2
EBITDA $B0.00.00.10.10.10.10.10.10.10.10.20.2−0.00.2−0.00.2−0.1
Income tax $B−0.0−0.0−0.00.00.00.00.0−0.00.00.00.00.0−0.1−0.0−0.00.0−0.1
Net income $B−0.0−0.0−0.0−0.00.0−0.00.00.00.00.00.00.0−0.1−0.0−0.10.0−0.1
Free cash flow $B−0.0−0.0−0.0−0.00.00.00.10.10.10.10.10.10.10.10.10.10.1
EPS, diluted $−6.20−4.35−0.90−0.353.90−0.352.510.820.500.640.430.13−1.51−0.34−3.271.03−2.77
Dividend / sh $·················
Payout %··············−00−7
ROE %·−455.4−29.1−7.2···········114.7−522.0
Shares out B0.010.010.010.010.010.010.060.060.060.060.050.050.050.050.050.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

LEE Enterprises, Inc.vsNews Corp.Same industry: Newspapers: Publishing or Publishing & PrintingLEE Enterprises, Inc.vsNEW York Times Co.Same industry: Newspapers: Publishing or Publishing & PrintingLEE Enterprises, Inc.vsUSA Today Co. Inc.Same industry: Newspapers: Publishing or Publishing & PrintingLEE Enterprises, Inc.vsDaily Journal Corp.Same industry: Newspapers: Publishing or Publishing & Printing
Provenance
Company facts, as filed
How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 11 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNewspapers: Publishing or Publishing & Printing
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 29
SEC categorysmaller reporting company
Data on record since2009

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