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

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $130.1M, roughly 1.3× LEE ENTERPRISES, Inc). On growth, LEE ENTERPRISES, Inc posted the faster year-over-year revenue change (-10.0% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $3.7M). Over the past eight quarters, LEE ENTERPRISES, Inc's revenue compounded faster (-5.8% CAGR vs -29.9%).

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.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

LEE vs MLR — Head-to-Head

Bigger by revenue
MLR
MLR
1.3× larger
MLR
$171.9M
$130.1M
LEE
Growing faster (revenue YoY)
LEE
LEE
+12.5% gap
LEE
-10.0%
-22.5%
MLR
More free cash flow
MLR
MLR
$40.0M more FCF
MLR
$43.8M
$3.7M
LEE
Faster 2-yr revenue CAGR
LEE
LEE
Annualised
LEE
-5.8%
-29.9%
MLR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LEE
LEE
MLR
MLR
Revenue
$130.1M
$171.9M
Net Profit
$-5.6M
Gross Margin
15.4%
Operating Margin
4.0%
2.9%
Net Margin
-4.3%
Revenue YoY
-10.0%
-22.5%
Net Profit YoY
66.5%
EPS (diluted)
$-0.92
$0.29

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
MLR
MLR
Q4 25
$130.1M
$171.9M
Q3 25
$139.1M
$178.7M
Q2 25
$141.3M
$214.0M
Q1 25
$137.4M
$225.7M
Q4 24
$144.6M
$221.9M
Q3 24
$158.6M
$314.3M
Q2 24
$150.6M
$371.5M
Q1 24
$146.6M
$349.9M
Net Profit
LEE
LEE
MLR
MLR
Q4 25
$-5.6M
Q3 25
$-6.4M
$3.1M
Q2 25
$-1.9M
$8.5M
Q1 25
$-12.5M
$8.1M
Q4 24
$-16.7M
Q3 24
$-10.1M
$15.4M
Q2 24
$-4.3M
$20.5M
Q1 24
$-12.2M
$17.0M
Gross Margin
LEE
LEE
MLR
MLR
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Q1 24
12.6%
Operating Margin
LEE
LEE
MLR
MLR
Q4 25
4.0%
2.9%
Q3 25
-1.0%
2.4%
Q2 25
3.3%
5.3%
Q1 25
-3.3%
4.8%
Q4 24
-2.3%
5.7%
Q3 24
-2.3%
6.3%
Q2 24
3.3%
7.1%
Q1 24
-3.1%
6.1%
Net Margin
LEE
LEE
MLR
MLR
Q4 25
-4.3%
Q3 25
-4.6%
1.7%
Q2 25
-1.4%
4.0%
Q1 25
-9.1%
3.6%
Q4 24
-11.6%
Q3 24
-6.4%
4.9%
Q2 24
-2.8%
5.5%
Q1 24
-8.3%
4.9%
EPS (diluted)
LEE
LEE
MLR
MLR
Q4 25
$-0.92
$0.29
Q3 25
$-1.02
$0.27
Q2 25
$-0.31
$0.73
Q1 25
$-2.07
$0.69
Q4 24
$-2.80
$0.89
Q3 24
$-1.68
$1.33
Q2 24
$-0.73
$1.78
Q1 24
$-2.06
$1.47

Balance Sheet & Financial Strength

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

Metric
LEE
LEE
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-48.7M
$420.6M
Total Assets
$592.6M
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEE
LEE
MLR
MLR
Q4 25
$12.6M
Q3 25
$10.0M
Q2 25
$14.1M
Q1 25
$4.7M
Q4 24
$6.1M
Q3 24
$9.6M
Q2 24
$13.4M
Q1 24
$16.1M
Stockholders' Equity
LEE
LEE
MLR
MLR
Q4 25
$-48.7M
$420.6M
Q3 25
$-43.3M
$420.7M
Q2 25
$-40.5M
$418.6M
Q1 25
$-38.9M
$406.5M
Q4 24
$-26.7M
$401.0M
Q3 24
$-9.9M
$395.2M
Q2 24
$4.0M
$379.9M
Q1 24
$7.9M
$362.4M
Total Assets
LEE
LEE
MLR
MLR
Q4 25
$592.6M
$589.7M
Q3 25
$601.7M
$604.3M
Q2 25
$622.7M
$622.9M
Q1 25
$623.9M
$639.7M
Q4 24
$633.0M
$667.0M
Q3 24
$649.2M
$755.3M
Q2 24
$677.5M
$748.2M
Q1 24
$684.8M
$696.5M

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
MLR
MLR
Operating Cash FlowLast quarter
$4.5M
$48.9M
Free Cash FlowOCF − Capex
$3.7M
$43.8M
FCF MarginFCF / Revenue
2.9%
25.5%
Capex IntensityCapex / Revenue
0.6%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.5M
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEE
LEE
MLR
MLR
Q4 25
$4.5M
$48.9M
Q3 25
$-6.3M
$19.9M
Q2 25
$8.9M
$27.2M
Q1 25
$-790.0K
$2.7M
Q4 24
$-7.3M
$-11.7M
Q3 24
$-261.0K
$30.3M
Q2 24
$-1.9M
$-10.7M
Q1 24
$3.2M
$9.0M
Free Cash Flow
LEE
LEE
MLR
MLR
Q4 25
$3.7M
$43.8M
Q3 25
$-8.3M
$18.1M
Q2 25
$8.3M
$25.6M
Q1 25
$-2.2M
$-2.4M
Q4 24
$-8.9M
$-13.0M
Q3 24
$-2.9M
$24.0M
Q2 24
$-5.5M
$-13.8M
Q1 24
$1.3M
$4.3M
FCF Margin
LEE
LEE
MLR
MLR
Q4 25
2.9%
25.5%
Q3 25
-6.0%
10.1%
Q2 25
5.9%
11.9%
Q1 25
-1.6%
-1.1%
Q4 24
-6.1%
-5.9%
Q3 24
-1.8%
7.6%
Q2 24
-3.6%
-3.7%
Q1 24
0.9%
1.2%
Capex Intensity
LEE
LEE
MLR
MLR
Q4 25
0.6%
3.0%
Q3 25
1.4%
1.0%
Q2 25
0.4%
0.8%
Q1 25
1.0%
2.3%
Q4 24
1.1%
0.6%
Q3 24
1.7%
2.0%
Q2 24
2.4%
0.8%
Q1 24
1.3%
1.3%
Cash Conversion
LEE
LEE
MLR
MLR
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

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%

MLR
MLR

Segment breakdown not available.

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