# LEE ENTERPRISES, INC (LEE) · Edgar & Edgarette company card

> Lee Enterprises (LEE) saw revenue fall 8.0% in FY2025 to $562 million, operating margin -0.8% against a 10.5% median for newspapers: publishing or  publishing & printing, equity -7.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 58361 · fiscal year ended 2025-09-28 · 5 audited years read · [page](https://www.pops4.com/boards/company/LEE) · [JSON](https://www.pops4.com/boards/company/LEE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $562M |
| Revenue growth, 1 year | -8.0% |
| Revenue growth per year | -8.3% |
| Operating margin | -0.8% (prior year 0.7%) |
| Net margin | -6.7% |
| Operating cash flow | −$6M |
| Capital spending | $2M |
| Free cash flow | −$7M |
| Cash | $10M |
| Long-term debt | $455M |
| Total assets | $602M |
| Total equity | −$43M |
| Equity ÷ assets | -7.2% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -2.17 (distress zone)
- Piotroski F: 1 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative; operating loss: a margin of -0.8% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $562.3M (FY2025), total debt $455.5M. Experience: revenue down 8.0% on the year, down 8.3% a year over 4 years; operating margin -0.8%, down from 0.7%. Soundness: equity -7.2% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $438.6M and $570.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $410.3M to $611.7M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, its industry group): operating margin -0.8% against a 10.5% median; growth -8.0% against 0.3%.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-09 ([filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000067/0000058361-26-000067-index.htm))
- Item 5.02 Director or officer change: 8, latest 2026-09-30 ([filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000071/0000058361-26-000071-index.htm))

## Recent filings

- 8-K · filed 2026-10-22 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000075/0000058361-26-000075-index.htm)
- 8-K · filed 2026-09-30 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000071/0000058361-26-000071-index.htm)
- 8-K · filed 2026-09-09 · 4.01 Changes in Registrant's Certifying Accountant · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000067/0000058361-26-000067-index.htm)
- 8-K · filed 2026-08-11 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000063/0000058361-26-000063-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000060/0000058361-26-000060-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/58361/000005836126000057/0000058361-26-000057-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000058361.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=58361

## Cite

POPS4, Edgar & Edgarette: LEE ENTERPRISES, INC (LEE) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LEE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.