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

Lemonade, Inc. is the larger business by last-quarter revenue ($228.1M vs $130.1M, roughly 1.8× LEE ENTERPRISES, Inc). LEE ENTERPRISES, Inc runs the higher net margin — -4.3% vs -9.5%, a 5.2% gap on every dollar of revenue. On growth, Lemonade, Inc. posted the faster year-over-year revenue change (53.3% vs -10.0%). LEE ENTERPRISES, Inc produced more free cash flow last quarter ($3.7M vs $-25.9M). Over the past eight quarters, Lemonade, Inc.'s revenue compounded faster (38.4% CAGR vs -5.8%).

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.

Lemonade, Inc. is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France. The company is based in New York City and has approximately 2.9 million customers. Lemonade does not hire human employees to process claims for customers, instead using artificial intelligence and chatb...

LEE vs LMND — Head-to-Head

Bigger by revenue
LMND
LMND
1.8× larger
LMND
$228.1M
$130.1M
LEE
Growing faster (revenue YoY)
LMND
LMND
+63.3% gap
LMND
53.3%
-10.0%
LEE
Higher net margin
LEE
LEE
5.2% more per $
LEE
-4.3%
-9.5%
LMND
More free cash flow
LEE
LEE
$29.6M more FCF
LEE
$3.7M
$-25.9M
LMND
Faster 2-yr revenue CAGR
LMND
LMND
Annualised
LMND
38.4%
-5.8%
LEE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LEE
LEE
LMND
LMND
Revenue
$130.1M
$228.1M
Net Profit
$-5.6M
$-21.7M
Gross Margin
Operating Margin
4.0%
-9.0%
Net Margin
-4.3%
-9.5%
Revenue YoY
-10.0%
53.3%
Net Profit YoY
66.5%
27.7%
EPS (diluted)
$-0.92
$-0.27

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
LEE
LEE
LMND
LMND
Q4 25
$130.1M
$228.1M
Q3 25
$139.1M
$194.5M
Q2 25
$141.3M
$164.1M
Q1 25
$137.4M
$151.2M
Q4 24
$144.6M
$148.8M
Q3 24
$158.6M
$136.6M
Q2 24
$150.6M
$122.0M
Q1 24
$146.6M
$119.1M
Net Profit
LEE
LEE
LMND
LMND
Q4 25
$-5.6M
$-21.7M
Q3 25
$-6.4M
$-37.5M
Q2 25
$-1.9M
$-43.9M
Q1 25
$-12.5M
$-62.4M
Q4 24
$-16.7M
$-30.0M
Q3 24
$-10.1M
$-67.7M
Q2 24
$-4.3M
$-57.2M
Q1 24
$-12.2M
$-47.3M
Operating Margin
LEE
LEE
LMND
LMND
Q4 25
4.0%
-9.0%
Q3 25
-1.0%
-18.7%
Q2 25
3.3%
-26.0%
Q1 25
-3.3%
-40.6%
Q4 24
-2.3%
-25.4%
Q3 24
-2.3%
-48.2%
Q2 24
3.3%
-45.2%
Q1 24
-3.1%
-38.0%
Net Margin
LEE
LEE
LMND
LMND
Q4 25
-4.3%
-9.5%
Q3 25
-4.6%
-19.3%
Q2 25
-1.4%
-26.8%
Q1 25
-9.1%
-41.3%
Q4 24
-11.6%
-20.2%
Q3 24
-6.4%
-49.6%
Q2 24
-2.8%
-46.9%
Q1 24
-8.3%
-39.7%
EPS (diluted)
LEE
LEE
LMND
LMND
Q4 25
$-0.92
$-0.27
Q3 25
$-1.02
$-0.51
Q2 25
$-0.31
$-0.60
Q1 25
$-2.07
$-0.86
Q4 24
$-2.80
$-0.42
Q3 24
$-1.68
$-0.95
Q2 24
$-0.73
$-0.81
Q1 24
$-2.06
$-0.67

Balance Sheet & Financial Strength

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

Metric
LEE
LEE
LMND
LMND
Cash + ST InvestmentsLiquidity on hand
$12.6M
$399.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-48.7M
$533.6M
Total Assets
$592.6M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEE
LEE
LMND
LMND
Q4 25
$12.6M
$399.1M
Q3 25
$10.0M
$369.4M
Q2 25
$14.1M
$398.8M
Q1 25
$4.7M
$329.7M
Q4 24
$6.1M
$403.5M
Q3 24
$9.6M
$360.9M
Q2 24
$13.4M
$387.2M
Q1 24
$16.1M
$300.8M
Stockholders' Equity
LEE
LEE
LMND
LMND
Q4 25
$-48.7M
$533.6M
Q3 25
$-43.3M
$516.2M
Q2 25
$-40.5M
$527.1M
Q1 25
$-38.9M
$545.5M
Q4 24
$-26.7M
$593.4M
Q3 24
$-9.9M
$593.0M
Q2 24
$4.0M
$635.2M
Q1 24
$7.9M
$676.4M
Total Assets
LEE
LEE
LMND
LMND
Q4 25
$592.6M
$1.9B
Q3 25
$601.7M
$1.9B
Q2 25
$622.7M
$1.9B
Q1 25
$623.9M
$1.9B
Q4 24
$633.0M
$1.8B
Q3 24
$649.2M
$1.8B
Q2 24
$677.5M
$1.7B
Q1 24
$684.8M
$1.6B

Cash Flow & Capital Efficiency

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

Metric
LEE
LEE
LMND
LMND
Operating Cash FlowLast quarter
$4.5M
$-16.5M
Free Cash FlowOCF − Capex
$3.7M
$-25.9M
FCF MarginFCF / Revenue
2.9%
-11.4%
Capex IntensityCapex / Revenue
0.6%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.5M
$-69.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEE
LEE
LMND
LMND
Q4 25
$4.5M
$-16.5M
Q3 25
$-6.3M
$4.5M
Q2 25
$8.9M
$5.5M
Q1 25
$-790.0K
$-47.2M
Q4 24
$-7.3M
$-11.4M
Q3 24
$-261.0K
$16.3M
Q2 24
$-1.9M
$-11.7M
Q1 24
$3.2M
$-29.8M
Free Cash Flow
LEE
LEE
LMND
LMND
Q4 25
$3.7M
$-25.9M
Q3 25
$-8.3M
$2.6M
Q2 25
$8.3M
$3.4M
Q1 25
$-2.2M
$-49.5M
Q4 24
$-8.9M
$-20.8M
Q3 24
$-2.9M
$14.1M
Q2 24
$-5.5M
$-13.2M
Q1 24
$1.3M
$-32.3M
FCF Margin
LEE
LEE
LMND
LMND
Q4 25
2.9%
-11.4%
Q3 25
-6.0%
1.3%
Q2 25
5.9%
2.1%
Q1 25
-1.6%
-32.7%
Q4 24
-6.1%
-14.0%
Q3 24
-1.8%
10.3%
Q2 24
-3.6%
-10.8%
Q1 24
0.9%
-27.1%
Capex Intensity
LEE
LEE
LMND
LMND
Q4 25
0.6%
4.1%
Q3 25
1.4%
1.0%
Q2 25
0.4%
1.3%
Q1 25
1.0%
1.5%
Q4 24
1.1%
6.3%
Q3 24
1.7%
1.6%
Q2 24
2.4%
1.2%
Q1 24
1.3%
2.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEE
LEE

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

LMND
LMND

Segment breakdown not available.

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