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Side-by-side financial comparison of Hut 8 Corp. (HUT) and LEE ENTERPRISES, Inc (LEE). Click either name above to swap in a different company.

LEE ENTERPRISES, Inc is the larger business by last-quarter revenue ($130.1M vs $88.5M, roughly 1.5× Hut 8 Corp.). LEE ENTERPRISES, Inc runs the higher net margin — -4.3% vs -316.0%, a 311.7% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs -10.0%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs -5.8%).

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

Lee Enterprises, Inc. is a publicly traded American media company. It publishes 72 daily newspapers in 25 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.

HUT vs LEE — Head-to-Head

Bigger by revenue
LEE
LEE
1.5× larger
LEE
$130.1M
$88.5M
HUT
Growing faster (revenue YoY)
HUT
HUT
+189.2% gap
HUT
179.2%
-10.0%
LEE
Higher net margin
LEE
LEE
311.7% more per $
LEE
-4.3%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
-5.8%
LEE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HUT
HUT
LEE
LEE
Revenue
$88.5M
$130.1M
Net Profit
$-279.7M
$-5.6M
Gross Margin
60.4%
Operating Margin
-491.4%
4.0%
Net Margin
-316.0%
-4.3%
Revenue YoY
179.2%
-10.0%
Net Profit YoY
-283.7%
66.5%
EPS (diluted)
$-2.45
$-0.92

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HUT
HUT
LEE
LEE
Q4 25
$88.5M
$130.1M
Q3 25
$83.5M
$139.1M
Q2 25
$41.3M
$141.3M
Q1 25
$21.8M
$137.4M
Q4 24
$31.7M
$144.6M
Q3 24
$43.7M
$158.6M
Q2 24
$35.2M
$150.6M
Q1 24
$51.7M
$146.6M
Net Profit
HUT
HUT
LEE
LEE
Q4 25
$-279.7M
$-5.6M
Q3 25
$50.1M
$-6.4M
Q2 25
$137.3M
$-1.9M
Q1 25
$-133.9M
$-12.5M
Q4 24
$152.2M
$-16.7M
Q3 24
$647.0K
$-10.1M
Q2 24
$-71.9M
$-4.3M
Q1 24
$250.9M
$-12.2M
Gross Margin
HUT
HUT
LEE
LEE
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
Q4 24
35.9%
Q3 24
59.9%
Q2 24
41.4%
Q1 24
45.6%
Operating Margin
HUT
HUT
LEE
LEE
Q4 25
-491.4%
4.0%
Q3 25
87.0%
-1.0%
Q2 25
3.3%
Q1 25
-676.8%
-3.3%
Q4 24
-2.3%
Q3 24
-3.6%
-2.3%
Q2 24
-246.2%
3.3%
Q1 24
-3.1%
Net Margin
HUT
HUT
LEE
LEE
Q4 25
-316.0%
-4.3%
Q3 25
60.0%
-4.6%
Q2 25
332.5%
-1.4%
Q1 25
-613.7%
-9.1%
Q4 24
480.3%
-11.6%
Q3 24
1.5%
-6.4%
Q2 24
-204.1%
-2.8%
Q1 24
484.9%
-8.3%
EPS (diluted)
HUT
HUT
LEE
LEE
Q4 25
$-2.45
$-0.92
Q3 25
$0.43
$-1.02
Q2 25
$1.18
$-0.31
Q1 25
$-1.30
$-2.07
Q4 24
$1.41
$-2.80
Q3 24
$0.01
$-1.68
Q2 24
$-0.78
$-0.73
Q1 24
$2.76
$-2.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HUT
HUT
LEE
LEE
Cash + ST InvestmentsLiquidity on hand
$44.9M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$-48.7M
Total Assets
$2.8B
$592.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUT
HUT
LEE
LEE
Q4 25
$44.9M
$12.6M
Q3 25
$33.5M
$10.0M
Q2 25
$216.3M
$14.1M
Q1 25
$108.4M
$4.7M
Q4 24
$85.0M
$6.1M
Q3 24
$9.6M
Q2 24
$13.4M
Q1 24
$11.5M
$16.1M
Total Debt
HUT
HUT
LEE
LEE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
HUT
HUT
LEE
LEE
Q4 25
$1.4B
$-48.7M
Q3 25
$1.4B
$-43.3M
Q2 25
$1.3B
$-40.5M
Q1 25
$960.0M
$-38.9M
Q4 24
$976.7M
$-26.7M
Q3 24
$703.9M
$-9.9M
Q2 24
$660.1M
$4.0M
Q1 24
$732.0M
$7.9M
Total Assets
HUT
HUT
LEE
LEE
Q4 25
$2.8B
$592.6M
Q3 25
$2.7B
$601.7M
Q2 25
$2.0B
$622.7M
Q1 25
$1.6B
$623.9M
Q4 24
$1.5B
$633.0M
Q3 24
$1.1B
$649.2M
Q2 24
$1.1B
$677.5M
Q1 24
$999.0M
$684.8M
Debt / Equity
HUT
HUT
LEE
LEE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HUT
HUT
LEE
LEE
Operating Cash FlowLast quarter
$-139.2M
$4.5M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
2.9%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUT
HUT
LEE
LEE
Q4 25
$-139.2M
$4.5M
Q3 25
$770.0K
$-6.3M
Q2 25
$-48.8M
$8.9M
Q1 25
$-33.8M
$-790.0K
Q4 24
$-68.5M
$-7.3M
Q3 24
$-4.2M
$-261.0K
Q2 24
$-16.4M
$-1.9M
Q1 24
$-26.3M
$3.2M
Free Cash Flow
HUT
HUT
LEE
LEE
Q4 25
$3.7M
Q3 25
$-8.3M
Q2 25
$8.3M
Q1 25
$-2.2M
Q4 24
$-8.9M
Q3 24
$-2.9M
Q2 24
$-5.5M
Q1 24
$1.3M
FCF Margin
HUT
HUT
LEE
LEE
Q4 25
2.9%
Q3 25
-6.0%
Q2 25
5.9%
Q1 25
-1.6%
Q4 24
-6.1%
Q3 24
-1.8%
Q2 24
-3.6%
Q1 24
0.9%
Capex Intensity
HUT
HUT
LEE
LEE
Q4 25
0.6%
Q3 25
1.4%
Q2 25
0.4%
Q1 25
1.0%
Q4 24
1.1%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
1.3%
Cash Conversion
HUT
HUT
LEE
LEE
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

LEE
LEE

Advertising And Marketing Services$60.0M46%
Subscription And Circulation$57.7M44%
Other$12.4M10%

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