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

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($178.7M vs $130.1M, roughly 1.4× LEE ENTERPRISES, Inc). LESAKA TECHNOLOGIES INC runs the higher net margin — 2.0% vs -4.3%, a 6.4% gap on every dollar of revenue. On growth, LESAKA TECHNOLOGIES INC posted the faster year-over-year revenue change (1.4% vs -10.0%). LEE ENTERPRISES, Inc produced more free cash flow last quarter ($3.7M vs $-14.8M). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (13.7% 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.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

LEE vs LSAK — Head-to-Head

Bigger by revenue
LSAK
LSAK
1.4× larger
LSAK
$178.7M
$130.1M
LEE
Growing faster (revenue YoY)
LSAK
LSAK
+11.5% gap
LSAK
1.4%
-10.0%
LEE
Higher net margin
LSAK
LSAK
6.4% more per $
LSAK
2.0%
-4.3%
LEE
More free cash flow
LEE
LEE
$18.6M more FCF
LEE
$3.7M
$-14.8M
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
13.7%
-5.8%
LEE

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
LEE
LEE
LSAK
LSAK
Revenue
$130.1M
$178.7M
Net Profit
$-5.6M
$3.6M
Gross Margin
31.4%
Operating Margin
4.0%
1.2%
Net Margin
-4.3%
2.0%
Revenue YoY
-10.0%
1.4%
Net Profit YoY
66.5%
111.2%
EPS (diluted)
$-0.92
$0.04

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
LSAK
LSAK
Q4 25
$130.1M
$178.7M
Q3 25
$139.1M
$171.4M
Q2 25
$141.3M
$168.5M
Q1 25
$137.4M
$161.4M
Q4 24
$144.6M
$176.2M
Q3 24
$158.6M
$153.6M
Q2 24
$150.6M
$146.0M
Q1 24
$146.6M
$138.2M
Net Profit
LEE
LEE
LSAK
LSAK
Q4 25
$-5.6M
$3.6M
Q3 25
$-6.4M
$-4.3M
Q2 25
$-1.9M
$-28.4M
Q1 25
$-12.5M
$-22.1M
Q4 24
$-16.7M
$-32.5M
Q3 24
$-10.1M
$-4.5M
Q2 24
$-4.3M
$-5.0M
Q1 24
$-12.2M
$-4.0M
Gross Margin
LEE
LEE
LSAK
LSAK
Q4 25
31.4%
Q3 25
30.9%
Q2 25
28.9%
Q1 25
27.5%
Q4 24
25.7%
Q3 24
22.6%
Q2 24
22.6%
Q1 24
22.0%
Operating Margin
LEE
LEE
LSAK
LSAK
Q4 25
4.0%
1.2%
Q3 25
-1.0%
0.2%
Q2 25
3.3%
-16.7%
Q1 25
-3.3%
0.4%
Q4 24
-2.3%
0.3%
Q3 24
-2.3%
-0.0%
Q2 24
3.3%
0.2%
Q1 24
-3.1%
0.6%
Net Margin
LEE
LEE
LSAK
LSAK
Q4 25
-4.3%
2.0%
Q3 25
-4.6%
-2.5%
Q2 25
-1.4%
-16.9%
Q1 25
-9.1%
-13.7%
Q4 24
-11.6%
-18.4%
Q3 24
-6.4%
-3.0%
Q2 24
-2.8%
-3.4%
Q1 24
-8.3%
-2.9%
EPS (diluted)
LEE
LEE
LSAK
LSAK
Q4 25
$-0.92
$0.04
Q3 25
$-1.02
$-0.05
Q2 25
$-0.31
$-0.40
Q1 25
$-2.07
$-0.27
Q4 24
$-2.80
$-0.40
Q3 24
$-1.68
$-0.07
Q2 24
$-0.73
$-0.08
Q1 24
$-2.06
$-0.06

Balance Sheet & Financial Strength

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

Metric
LEE
LEE
LSAK
LSAK
Cash + ST InvestmentsLiquidity on hand
$12.6M
$69.5M
Total DebtLower is stronger
$216.8M
Stockholders' EquityBook value
$-48.7M
$180.6M
Total Assets
$592.6M
$704.6M
Debt / EquityLower = less leverage
1.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEE
LEE
LSAK
LSAK
Q4 25
$12.6M
$69.5M
Q3 25
$10.0M
$72.2M
Q2 25
$14.1M
$76.5M
Q1 25
$4.7M
$71.0M
Q4 24
$6.1M
$60.6M
Q3 24
$9.6M
$49.7M
Q2 24
$13.4M
$59.1M
Q1 24
$16.1M
$55.2M
Total Debt
LEE
LEE
LSAK
LSAK
Q4 25
$216.8M
Q3 25
$208.1M
Q2 25
$200.8M
Q1 25
$194.7M
Q4 24
$148.7M
Q3 24
$148.5M
Q2 24
$143.2M
Q1 24
$135.7M
Stockholders' Equity
LEE
LEE
LSAK
LSAK
Q4 25
$-48.7M
$180.6M
Q3 25
$-43.3M
$170.4M
Q2 25
$-40.5M
$161.6M
Q1 25
$-38.9M
$185.2M
Q4 24
$-26.7M
$193.3M
Q3 24
$-9.9M
$184.2M
Q2 24
$4.0M
$175.9M
Q1 24
$7.9M
$173.1M
Total Assets
LEE
LEE
LSAK
LSAK
Q4 25
$592.6M
$704.6M
Q3 25
$601.7M
$652.9M
Q2 25
$622.7M
$653.7M
Q1 25
$623.9M
$649.2M
Q4 24
$633.0M
$640.6M
Q3 24
$649.2M
$551.9M
Q2 24
$677.5M
$558.5M
Q1 24
$684.8M
$551.5M
Debt / Equity
LEE
LEE
LSAK
LSAK
Q4 25
1.20×
Q3 25
1.22×
Q2 25
1.24×
Q1 25
1.05×
Q4 24
0.77×
Q3 24
0.81×
Q2 24
0.81×
Q1 24
0.78×

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
LSAK
LSAK
Operating Cash FlowLast quarter
$4.5M
$-10.9M
Free Cash FlowOCF − Capex
$3.7M
$-14.8M
FCF MarginFCF / Revenue
2.9%
-8.3%
Capex IntensityCapex / Revenue
0.6%
2.2%
Cash ConversionOCF / Net Profit
-2.99×
TTM Free Cash FlowTrailing 4 quarters
$1.5M
$-15.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEE
LEE
LSAK
LSAK
Q4 25
$4.5M
$-10.9M
Q3 25
$-6.3M
$8.9M
Q2 25
$8.9M
$-9.1M
Q1 25
$-790.0K
$10.7M
Q4 24
$-7.3M
$-9.2M
Q3 24
$-261.0K
$-4.1M
Q2 24
$-1.9M
$5.7M
Q1 24
$3.2M
$19.2M
Free Cash Flow
LEE
LEE
LSAK
LSAK
Q4 25
$3.7M
$-14.8M
Q3 25
$-8.3M
$4.9M
Q2 25
$8.3M
$-13.2M
Q1 25
$-2.2M
$7.8M
Q4 24
$-8.9M
$-15.5M
Q3 24
$-2.9M
$-8.1M
Q2 24
$-5.5M
$937.0K
Q1 24
$1.3M
$16.2M
FCF Margin
LEE
LEE
LSAK
LSAK
Q4 25
2.9%
-8.3%
Q3 25
-6.0%
2.9%
Q2 25
5.9%
-7.8%
Q1 25
-1.6%
4.9%
Q4 24
-6.1%
-8.8%
Q3 24
-1.8%
-5.3%
Q2 24
-3.6%
0.6%
Q1 24
0.9%
11.7%
Capex Intensity
LEE
LEE
LSAK
LSAK
Q4 25
0.6%
2.2%
Q3 25
1.4%
2.3%
Q2 25
0.4%
2.4%
Q1 25
1.0%
1.7%
Q4 24
1.1%
3.6%
Q3 24
1.7%
2.6%
Q2 24
2.4%
3.2%
Q1 24
1.3%
2.1%
Cash Conversion
LEE
LEE
LSAK
LSAK
Q4 25
-2.99×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

LSAK
LSAK

Telecom Products And Services$82.0M46%
Processing Fees$37.6M21%
Enterprise Segment$14.5M8%
Rest Of Africa$10.9M6%
Technology Products$8.6M5%
Insurance Revenue$7.9M4%
Lending Revenue$7.2M4%
Other$6.7M4%
Interest From Customer$2.1M1%
Other Products And Services$1.2M1%

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