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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) 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 $120.6M, roughly 1.1× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -4.3%, a 52.4% gap on every dollar of revenue. On growth, LEE ENTERPRISES, Inc posted the faster year-over-year revenue change (-10.0% vs -11.0%). LEE ENTERPRISES, Inc produced more free cash flow last quarter ($3.7M vs $-55.2M). Over the past eight quarters, LEE ENTERPRISES, Inc's revenue compounded faster (-5.8% CAGR vs -6.0%).

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

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.

KW vs LEE — Head-to-Head

Bigger by revenue
LEE
LEE
1.1× larger
LEE
$130.1M
$120.6M
KW
Growing faster (revenue YoY)
LEE
LEE
+1.0% gap
LEE
-10.0%
-11.0%
KW
Higher net margin
KW
KW
52.4% more per $
KW
48.1%
-4.3%
LEE
More free cash flow
LEE
LEE
$58.9M more FCF
LEE
$3.7M
$-55.2M
KW
Faster 2-yr revenue CAGR
LEE
LEE
Annualised
LEE
-5.8%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KW
KW
LEE
LEE
Revenue
$120.6M
$130.1M
Net Profit
$58.0M
$-5.6M
Gross Margin
Operating Margin
57.3%
4.0%
Net Margin
48.1%
-4.3%
Revenue YoY
-11.0%
-10.0%
Net Profit YoY
32.7%
66.5%
EPS (diluted)
$0.22
$-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
KW
KW
LEE
LEE
Q4 25
$120.6M
$130.1M
Q3 25
$116.4M
$139.1M
Q2 25
$135.7M
$141.3M
Q1 25
$128.3M
$137.4M
Q4 24
$135.5M
$144.6M
Q3 24
$127.5M
$158.6M
Q2 24
$132.0M
$150.6M
Q1 24
$136.4M
$146.6M
Net Profit
KW
KW
LEE
LEE
Q4 25
$58.0M
$-5.6M
Q3 25
$-10.2M
$-6.4M
Q2 25
$5.6M
$-1.9M
Q1 25
$-29.6M
$-12.5M
Q4 24
$43.7M
$-16.7M
Q3 24
$-66.8M
$-10.1M
Q2 24
$-48.3M
$-4.3M
Q1 24
$37.7M
$-12.2M
Operating Margin
KW
KW
LEE
LEE
Q4 25
57.3%
4.0%
Q3 25
-6.2%
-1.0%
Q2 25
7.4%
3.3%
Q1 25
-26.9%
-3.3%
Q4 24
36.7%
-2.3%
Q3 24
-60.8%
-2.3%
Q2 24
-45.5%
3.3%
Q1 24
47.2%
-3.1%
Net Margin
KW
KW
LEE
LEE
Q4 25
48.1%
-4.3%
Q3 25
-8.8%
-4.6%
Q2 25
4.1%
-1.4%
Q1 25
-23.1%
-9.1%
Q4 24
32.3%
-11.6%
Q3 24
-52.4%
-6.4%
Q2 24
-36.6%
-2.8%
Q1 24
27.6%
-8.3%
EPS (diluted)
KW
KW
LEE
LEE
Q4 25
$0.22
$-0.92
Q3 25
$-0.15
$-1.02
Q2 25
$-0.05
$-0.31
Q1 25
$-0.30
$-2.07
Q4 24
$0.24
$-2.80
Q3 24
$-0.56
$-1.68
Q2 24
$-0.43
$-0.73
Q1 24
$0.19
$-2.06

Balance Sheet & Financial Strength

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

Metric
KW
KW
LEE
LEE
Cash + ST InvestmentsLiquidity on hand
$184.5M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$-48.7M
Total Assets
$6.6B
$592.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
LEE
LEE
Q4 25
$184.5M
$12.6M
Q3 25
$382.6M
$10.0M
Q2 25
$309.1M
$14.1M
Q1 25
$356.6M
$4.7M
Q4 24
$217.5M
$6.1M
Q3 24
$367.1M
$9.6M
Q2 24
$366.5M
$13.4M
Q1 24
$541.9M
$16.1M
Stockholders' Equity
KW
KW
LEE
LEE
Q4 25
$1.5B
$-48.7M
Q3 25
$1.5B
$-43.3M
Q2 25
$1.6B
$-40.5M
Q1 25
$1.6B
$-38.9M
Q4 24
$1.6B
$-26.7M
Q3 24
$1.6B
$-9.9M
Q2 24
$1.7B
$4.0M
Q1 24
$1.7B
$7.9M
Total Assets
KW
KW
LEE
LEE
Q4 25
$6.6B
$592.6M
Q3 25
$6.7B
$601.7M
Q2 25
$6.8B
$622.7M
Q1 25
$7.2B
$623.9M
Q4 24
$7.0B
$633.0M
Q3 24
$7.4B
$649.2M
Q2 24
$7.5B
$677.5M
Q1 24
$7.7B
$684.8M

Cash Flow & Capital Efficiency

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

Metric
KW
KW
LEE
LEE
Operating Cash FlowLast quarter
$11.4M
$4.5M
Free Cash FlowOCF − Capex
$-55.2M
$3.7M
FCF MarginFCF / Revenue
-45.8%
2.9%
Capex IntensityCapex / Revenue
55.2%
0.6%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$1.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
LEE
LEE
Q4 25
$11.4M
$4.5M
Q3 25
$-7.6M
$-6.3M
Q2 25
$42.0M
$8.9M
Q1 25
$-51.9M
$-790.0K
Q4 24
$55.1M
$-7.3M
Q3 24
$-5.6M
$-261.0K
Q2 24
$36.7M
$-1.9M
Q1 24
$-5.6M
$3.2M
Free Cash Flow
KW
KW
LEE
LEE
Q4 25
$-55.2M
$3.7M
Q3 25
$-18.0M
$-8.3M
Q2 25
$29.4M
$8.3M
Q1 25
$-59.7M
$-2.2M
Q4 24
$-76.5M
$-8.9M
Q3 24
$-27.7M
$-2.9M
Q2 24
$-500.0K
$-5.5M
Q1 24
$-57.1M
$1.3M
FCF Margin
KW
KW
LEE
LEE
Q4 25
-45.8%
2.9%
Q3 25
-15.5%
-6.0%
Q2 25
21.7%
5.9%
Q1 25
-46.5%
-1.6%
Q4 24
-56.5%
-6.1%
Q3 24
-21.7%
-1.8%
Q2 24
-0.4%
-3.6%
Q1 24
-41.9%
0.9%
Capex Intensity
KW
KW
LEE
LEE
Q4 25
55.2%
0.6%
Q3 25
8.9%
1.4%
Q2 25
9.3%
0.4%
Q1 25
6.1%
1.0%
Q4 24
97.1%
1.1%
Q3 24
17.3%
1.7%
Q2 24
28.2%
2.4%
Q1 24
37.8%
1.3%
Cash Conversion
KW
KW
LEE
LEE
Q4 25
0.20×
Q3 25
Q2 25
7.50×
Q1 25
Q4 24
1.26×
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

LEE
LEE

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

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