NASDAQ : LEE
Lee Enterprises, Incorporated — Financial statements
Communication Services · Publishing · United States
Last price 6.01 USD (Nov 2, 2026, 4:00 PM EST) · Market cap 133.98M
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Financial statements
Lee Enterprises, Incorporated (LEE) reported revenue of 517.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 468.26M | 511.40M | 557.62M | 632.27M | 720.05M | 727.00M |
| Other Revenue | 48.85M | 50.94M | 53.76M | 58.87M | 60.92M | 67.65M |
| Revenue | 517.10M | 562.34M | 611.38M | 691.14M | 780.97M | 794.65M |
| Cost of Revenue | 203.14M | 228.98M | 251.39M | 293.45M | 335.00M | 364.06M |
| Gross Profit | 313.97M | 333.36M | 359.99M | 397.69M | 445.97M | 430.59M |
| Other Operating Expenses | 260.88M | 290.63M | 305.38M | 317.28M | 340.42M | 332.83M |
| Operating Expenses | 275.13M | 309.47M | 333.00M | 347.90M | 376.96M | 375.68M |
| Operating Income | 38.84M | 23.89M | 26.98M | 49.79M | 69.01M | 54.91M |
| Interest Expense | -33.58M | -40.51M | -41.23M | -41.47M | -41.77M | -44.77M |
| Earnings From Equity Investments | 4.33M | 4.28M | 4.57M | 6.53M | 5.66M | 6.41M |
| Other Non Operating Income (Expenses) | 2.49M | 2.51M | 1.91M | 2.42M | -451.00K | -174.00K |
| EBT Excluding Unusual Items | 12.08M | -9.83M | -7.76M | 17.26M | 32.45M | 16.38M |
| Merger & Restructuring Charges | -19.79M | -25.85M | -19.25M | -12.67M | -22.72M | -7.18M |
| Gain (Loss) on Sale of Assets | -1.39M | |||||
| Asset Writedown | -6.97M | -6.97M | -7.76M | -7.67M | -14.20M | -977.00K |
| Other Unusual Items | 2.33M | 3.59M | 5.27M | 23.83M | ||
| Pretax Income | -7.34M | -42.65M | -31.18M | -3.08M | 795.00K | 32.05M |
| Income Tax Expense | 157.00K | -6.90M | -7.61M | -349.00K | 698.00K | 7.25M |
| Earnings From Continuing Operations | -7.49M | -35.75M | -23.57M | -2.73M | 97.00K | 24.79M |
| Minority Interest in Earnings | -2.01M | -1.85M | -2.27M | -2.53M | -2.11M | -2.05M |
| Net Income | -9.50M | -37.59M | -25.84M | -5.27M | -2.02M | 22.75M |
| Net Income to Common | -9.50M | -37.59M | -25.84M | -5.27M | -2.02M | 22.75M |
| Shares Outstanding (Basic) | 12.06M | 6.07M | 5.94M | 5.87M | 5.78M | 5.72M |
| Shares Outstanding (Diluted) | 12.06M | 6.07M | 5.94M | 5.87M | 5.78M | 5.83M |
| EPS (Basic) | -0.79 | -6.20 | -4.35 | -0.90 | -0.35 | 3.98 |
| EPS (Diluted) | -0.79 | -6.20 | -4.35 | -0.90 | -0.35 | 3.90 |
| Free Cash Flow | -578.00K | -7.08M | -8.09M | -8.29M | -4.68M | 42.60M |
| Free Cash Flow Per Share | -0.05 | -1.17 | -1.36 | -1.41 | -0.81 | 7.31 |
| Gross Margin | 60.72% | 59.28% | 58.88% | 57.54% | 57.10% | 54.19% |
| Operating Margin | 7.51% | 4.25% | 4.41% | 7.20% | 8.84% | 6.91% |
| Profit Margin | -1.84% | -6.69% | -4.23% | -0.76% | -0.26% | 2.86% |
| Free Cash Flow Margin | -0.11% | -1.26% | -1.32% | -1.20% | -0.60% | 5.36% |
| EBITDA | 53.09M | 42.74M | 54.60M | 80.41M | 105.55M | 97.75M |
| EBITDA Margin | 10.27% | 7.60% | 8.93% | 11.63% | 13.52% | 12.30% |
| D&A For EBITDA | 14.25M | 18.84M | 27.62M | 30.62M | 36.54M | 42.84M |
| EBIT | 38.84M | 23.89M | 26.98M | 49.79M | 69.01M | 54.91M |
| EBIT Margin | 7.51% | 4.25% | 4.41% | 7.20% | 8.84% | 6.91% |
| Effective Tax Rate | 87.80% | 22.64% | ||||
| Revenue as Reported | 517.10M | 562.34M | 611.38M | 691.14M | 780.97M | 794.65M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 59.43M | 9.99M | 9.60M | 14.55M | 16.18M | 26.11M |
| Cash & Short-Term Investments | 59.43M | 9.99M | 9.60M | 14.55M | 16.18M | 26.11M |
| Accounts Receivable | 44.92M | 54.61M | 60.65M | 69.10M | 69.52M | 65.07M |
| Receivables | 44.92M | 54.61M | 60.65M | 69.10M | 69.52M | 65.07M |
| Inventory | 5.86M | 4.70M | 5.64M | 7.50M | 8.27M | 6.30M |
| Prepaid Expenses | 10.91M | 20.14M | 21.88M | 15.37M | 15.15M | 11.32M |
| Total Current Assets | 121.11M | 89.44M | 97.77M | 106.53M | 109.12M | 108.80M |
| Property, Plant & Equipment | 52.50M | 60.72M | 79.25M | 102.06M | 121.20M | 148.95M |
| Long-Term Investments | 33.53M | 33.19M | 33.98M | 33.39M | 33.35M | 32.75M |
| Goodwill | 323.86M | 323.86M | 328.04M | 329.50M | 329.50M | 330.20M |
| Other Intangible Assets | 46.61M | 51.93M | 70.08M | 94.99M | 121.37M | 156.67M |
| Other Long-Term Assets | 46.99M | 42.60M | 40.05M | 45.15M | 29.49M | 66.18M |
| Total Assets | 624.60M | 601.73M | 649.17M | 711.62M | 744.04M | 843.55M |
| Accounts Payable | 45.59M | 41.72M | 36.29M | 36.29M | 28.61M | 20.42M |
| Accrued Expenses | 26.74M | 37.86M | 39.17M | 29.45M | 44.74M | 45.08M |
| Current Portion of Long-Term Debt | 6.11M | |||||
| Current Portion of Leases | 6.61M | 7.30M | 8.14M | 7.75M | 7.86M | 8.61M |
| Current Unearned Revenue | 24.86M | 26.48M | 31.75M | 40.84M | 49.93M | 61.40M |
| Total Current Liabilities | 103.81M | 113.36M | 115.35M | 114.34M | 131.14M | 141.62M |
| Long-Term Debt | 454.71M | 455.47M | 445.94M | 455.74M | 462.55M | 476.50M |
| Long-Term Leases | 13.97M | 18.81M | 29.77M | 36.58M | 46.00M | 57.68M |
| Pension & Post-Retirement Benefits | 5.52M | 5.61M | 8.08M | 9.20M | 10.19M | 33.45M |
| Long-Term Deferred Tax Liabilities | 22.03M | 22.48M | 28.40M | 41.35M | 42.72M | 53.76M |
| Other Long-Term Liabilities | 24.53M | 26.96M | 28.95M | 30.70M | 34.21M | 37.30M |
| Total Liabilities | 624.56M | 642.69M | 656.50M | 687.91M | 726.80M | 800.32M |
| Common Stock | 223.00K | 63.00K | 62.00K | 61.00K | 60.00K | 59.00K |
| Additional Paid-In Capital | 309.57M | 263.81M | 262.47M | 260.83M | 259.52M | 258.06M |
| Retained Earnings | -333.02M | -329.93M | -292.34M | -266.50M | -261.23M | -259.21M |
| Comprehensive Income & Other | 20.98M | 22.75M | 19.92M | 26.84M | 16.65M | 42.19M |
| Total Common Equity | -2.24M | -43.31M | -9.89M | 21.24M | 15.01M | 41.10M |
| Minority Interest | 2.28M | 2.35M | 2.56M | 2.47M | 2.23M | 2.13M |
| Shareholders' Equity | 39.00K | -40.96M | -7.33M | 23.71M | 17.24M | 43.23M |
| Total Liabilities & Equity | 624.60M | 601.73M | 649.17M | 711.62M | 744.04M | 843.55M |
| Total Debt | 475.30M | 481.58M | 483.85M | 500.08M | 516.42M | 548.91M |
| Net Cash (Debt) | -415.87M | -471.59M | -474.25M | -485.53M | -500.23M | -522.80M |
| Net Cash Per Share | -34.47 | -77.74 | -79.79 | -82.76 | -86.56 | -89.74 |
| Filing Date Shares Outstanding | 22.29M | 6.26M | 6.19M | 6.06M | 6.04M | 5.89M |
| Total Common Shares Outstanding | 22.29M | 6.26M | 6.19M | 6.06M | 5.98M | 5.89M |
| Working Capital | 17.31M | -23.91M | -17.58M | -7.81M | -22.01M | -32.83M |
| Book Value Per Share | -0.10 | -6.91 | -1.60 | 3.50 | 2.51 | 6.98 |
| Tangible Book Value | -372.71M | -419.09M | -408.00M | -403.25M | -435.87M | -445.78M |
| Tangible Book Value Per Share | -16.72 | -66.92 | -65.91 | -66.50 | -72.90 | -75.70 |
| Land | 5.75M | 5.78M | 6.42M | 12.37M | 14.51M | 16.58M |
| Buildings | 64.68M | 64.88M | 70.15M | 83.14M | 95.11M | 106.89M |
| Machinery | 186.88M | 191.59M | 196.31M | 213.71M | 215.73M | 228.82M |
| Construction In Progress | 2.75M | 5.53M | 5.62M | 2.45M | 1.45M | 2.81M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.50M | -37.59M | -25.84M | -5.27M | -2.02M | 22.75M |
| Depreciation & Amortization | 14.25M | 18.84M | 27.62M | 30.62M | 36.54M | 42.84M |
| Loss (Gain) From Sale of Assets | -2.63M | -4.01M | 3.44M | -5.79M | -4.49M | 7.24M |
| Asset Writedown & Restructuring Costs | 6.97M | 6.97M | 7.76M | 7.67M | 14.20M | 977.00K |
| Loss (Gain) From Sale of Investments | -1.74M | |||||
| Stock-Based Compensation | 1.15M | 1.76M | 1.75M | 1.81M | 1.34M | 854.00K |
| Provision & Write-off of Bad Debts | 11.75M | 15.26M | 13.63M | 6.94M | 5.19M | 1.50M |
| Other Operating Activities | -8.67M | 3.88M | -13.27M | -3.75M | -3.66M | -5.98M |
| Change in Accounts Receivable | 746.00K | -9.23M | -5.49M | -6.74M | -7.80M | -13.98M |
| Change in Inventory | -263.00K | 538.00K | 901.00K | 977.00K | -3.09M | 1.24M |
| Change in Accounts Payable | -6.80M | 4.21M | -5.03M | -26.16M | -14.64M | 4.73M |
| Change in Income Taxes | -961.00K | -296.00K | -2.35M | 345.00K | -236.00K | -8.42M |
| Change in Other Net Operating Assets | -6.21M | -5.87M | -2.00M | -2.10M | -18.49M | -3.67M |
| Operating Cash Flow | -167.00K | -5.54M | 1.12M | -3.18M | 2.85M | 50.08M |
| Capital Expenditures | -411.00K | -1.54M | -9.21M | -5.11M | -7.54M | -7.48M |
| Sale of Property, Plant & Equipment | 1.70M | 9.25M | 13.46M | 11.95M | 14.84M | 4.62M |
| Investment in Securities | 1.04M | |||||
| Other Investing Activities | -517.00K | 1.79M | -386.00K | -453.00K | ||
| Investing Cash Flow | 1.29M | 7.71M | 3.73M | 8.64M | 6.91M | -2.28M |
| Long-Term Debt Repaid | -1.78M | -9.80M | -6.81M | -20.06M | -55.67M | |
| Net Debt Issued (Repaid) | -1.16M | -1.78M | -9.80M | -6.81M | -20.06M | -55.67M |
| Issuance of Common Stock | 50.00M | 369.00K | 253.00K | |||
| Repurchase of Common Stock | -279.00K | |||||
| Other Financing Activities | -4.66M | |||||
| Financing Cash Flow | 44.18M | -1.78M | -9.80M | -7.09M | -19.69M | -55.42M |
| Net Cash Flow | 45.30M | 391.00K | -4.95M | -1.64M | -9.93M | -7.62M |
| Free Cash Flow | -578.00K | -7.08M | -8.09M | -8.29M | -4.68M | 42.60M |
| Free Cash Flow Margin | -0.11% | -1.26% | -1.32% | -1.20% | -0.60% | 5.36% |
| Free Cash Flow Per Share | -0.05 | -1.17 | -1.36 | -1.41 | -0.81 | 7.31 |
| Levered Free Cash Flow | 26.45M | 16.24M | 15.69M | 16.78M | 33.50M | 40.07M |
| Unlevered Free Cash Flow | 47.43M | 41.55M | 41.46M | 42.70M | 59.60M | 68.06M |
| Cash Interest Paid | 40.51M | 40.51M | 41.23M | 41.47M | 41.77M | 45.21M |
| Cash Income Tax Paid | 2.91M | 2.91M | 7.37M | 3.72M | 5.31M | 7.60M |
| Change in Working Capital | -13.49M | -10.65M | -13.97M | -33.67M | -44.26M | -20.10M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 133.31M | 35.45M | 54.38M | 66.74M | 101.67M | 139.80M |
| Enterprise Value | 549.17M | 509.25M | 535.70M | 559.56M | 608.52M | 673.83M |
| Last Close Price | 6.01 | 5.66 | 8.79 | 10.99 | 17.01 | 23.74 |
| PE Ratio | 6.15 | |||||
| Forward PE | 28.70 | 43.92 | 6.04 | 5.99 | 8.65 | |
| PS Ratio | 0.26 | 0.06 | 0.09 | 0.10 | 0.13 | 0.18 |
| PB Ratio | 3,435.26 | -0.86 | -7.42 | 2.81 | 5.90 | 3.23 |
| P/FCF Ratio | 3.28 | |||||
| P/OCF Ratio | 48.69 | 35.64 | 2.79 | |||
| EV/Sales Ratio | 1.06 | 0.91 | 0.88 | 0.81 | 0.78 | 0.85 |
| EV/EBITDA Ratio | 10.36 | 11.92 | 9.81 | 6.96 | 5.76 | 6.89 |
| EV/EBIT Ratio | 14.16 | 21.31 | 19.85 | 11.24 | 8.82 | 12.27 |
| EV/FCF Ratio | 15.82 | |||||
| Debt / Equity Ratio | 12,187.08 | -11.76 | -65.97 | 21.09 | 29.96 | 12.70 |
| Debt / EBITDA Ratio | 7.33 | 8.74 | 7.13 | 5.28 | 4.28 | 4.87 |
| Debt / FCF Ratio | 12.89 | |||||
| Net Debt / Equity Ratio | 10,663.28 | -11.51 | -64.67 | 20.48 | 29.02 | 12.09 |
| Net Debt / EBITDA Ratio | 7.83 | 11.04 | 8.69 | 6.04 | 4.74 | 5.35 |
| Net Debt / FCF Ratio | -719.50 | -66.57 | -58.62 | -58.58 | -106.82 | 12.27 |
| Asset Turnover | 0.83 | 0.90 | 0.90 | 0.95 | 0.98 | 0.93 |
| Inventory Turnover | 36.52 | 44.29 | 38.24 | 37.22 | 46.01 | 52.64 |
| Quick Ratio | 1.00 | 0.57 | 0.61 | 0.73 | 0.65 | 0.64 |
| Current Ratio | 1.17 | 0.79 | 0.85 | 0.93 | 0.83 | 0.77 |
| Return on Equity (ROE) | -287.97% | -13.35% | 0.32% | 364.67% | ||
| Return on Assets (ROA) | 3.89% | 2.39% | 2.48% | 4.28% | 5.43% | 4.02% |
| Return on Invested Capital (ROIC) | 8.30% | 4.67% | 5.17% | 9.70% | 1.55% | 6.61% |
| Return on Capital Employed (ROCE) | 7.50% | 4.90% | 5.10% | 8.30% | 11.30% | 7.80% |
| Earnings Yield | -13.19% | -106.05% | -47.52% | -7.89% | -1.98% | 16.27% |
| FCF Yield | -0.43% | -19.98% | -14.88% | -12.42% | -4.61% | 30.47% |
| Buyback Yield / Dilution | -98.99% | -2.05% | -1.31% | -1.52% | 0.81% | -2.32% |