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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

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

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
300M600M-100M-200M
2009201220152018202120242025
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 the five years to FY2025.

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%
200920172025
ROE
FY2023 · ROE -29.1%
50%100%-200%-400%
200920172025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -1%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.1
40M80M
200920172025
Net buybacks $M Dividends $M
FY2011 · Dividends 0.0 · Net buybacks ·
3M6M
200920102011

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

Equity was zero or negative — liabilities equaled or 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—not applicable◌not available in our data
LEE, 17-year financial record
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 %——−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. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: the share count is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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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