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Side-by-side financial comparison of LEE ENTERPRISES, Inc (LEE) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.

OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $130.1M, roughly 1.4× LEE ENTERPRISES, Inc). LEE ENTERPRISES, Inc runs the higher net margin — -4.3% vs -65.7%, a 61.4% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -10.0%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $3.7M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% 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.

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

LEE vs OIS — Head-to-Head

Bigger by revenue
OIS
OIS
1.4× larger
OIS
$178.5M
$130.1M
LEE
Growing faster (revenue YoY)
OIS
OIS
+18.5% gap
OIS
8.4%
-10.0%
LEE
Higher net margin
LEE
LEE
61.4% more per $
LEE
-4.3%
-65.7%
OIS
More free cash flow
OIS
OIS
$43.4M more FCF
OIS
$47.1M
$3.7M
LEE
Faster 2-yr revenue CAGR
OIS
OIS
Annualised
OIS
3.3%
-5.8%
LEE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LEE
LEE
OIS
OIS
Revenue
$130.1M
$178.5M
Net Profit
$-5.6M
$-117.2M
Gross Margin
10.9%
Operating Margin
4.0%
-63.7%
Net Margin
-4.3%
-65.7%
Revenue YoY
-10.0%
8.4%
Net Profit YoY
66.5%
-873.2%
EPS (diluted)
$-0.92
$-1.99

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
OIS
OIS
Q4 25
$130.1M
$178.5M
Q3 25
$139.1M
$165.2M
Q2 25
$141.3M
$165.4M
Q1 25
$137.4M
$159.9M
Q4 24
$144.6M
$164.6M
Q3 24
$158.6M
$174.3M
Q2 24
$150.6M
$186.4M
Q1 24
$146.6M
$167.3M
Net Profit
LEE
LEE
OIS
OIS
Q4 25
$-5.6M
$-117.2M
Q3 25
$-6.4M
$1.9M
Q2 25
$-1.9M
$2.8M
Q1 25
$-12.5M
$3.2M
Q4 24
$-16.7M
$15.2M
Q3 24
$-10.1M
$-14.3M
Q2 24
$-4.3M
$1.3M
Q1 24
$-12.2M
$-13.4M
Gross Margin
LEE
LEE
OIS
OIS
Q4 25
10.9%
Q3 25
22.1%
Q2 25
24.2%
Q1 25
23.3%
Q4 24
23.7%
Q3 24
21.7%
Q2 24
23.8%
Q1 24
21.1%
Operating Margin
LEE
LEE
OIS
OIS
Q4 25
4.0%
-63.7%
Q3 25
-1.0%
2.9%
Q2 25
3.3%
3.2%
Q1 25
-3.3%
3.5%
Q4 24
-2.3%
11.2%
Q3 24
-2.3%
-6.3%
Q2 24
3.3%
1.1%
Q1 24
-3.1%
-6.7%
Net Margin
LEE
LEE
OIS
OIS
Q4 25
-4.3%
-65.7%
Q3 25
-4.6%
1.2%
Q2 25
-1.4%
1.7%
Q1 25
-9.1%
2.0%
Q4 24
-11.6%
9.2%
Q3 24
-6.4%
-8.2%
Q2 24
-2.8%
0.7%
Q1 24
-8.3%
-8.0%
EPS (diluted)
LEE
LEE
OIS
OIS
Q4 25
$-0.92
$-1.99
Q3 25
$-1.02
$0.03
Q2 25
$-0.31
$0.05
Q1 25
$-2.07
$0.05
Q4 24
$-2.80
$0.24
Q3 24
$-1.68
$-0.23
Q2 24
$-0.73
$0.02
Q1 24
$-2.06
$-0.21

Balance Sheet & Financial Strength

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

Metric
LEE
LEE
OIS
OIS
Cash + ST InvestmentsLiquidity on hand
$12.6M
$69.9M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$-48.7M
$573.2M
Total Assets
$592.6M
$883.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEE
LEE
OIS
OIS
Q4 25
$12.6M
$69.9M
Q3 25
$10.0M
$67.1M
Q2 25
$14.1M
$53.9M
Q1 25
$4.7M
$66.8M
Q4 24
$6.1M
$65.4M
Q3 24
$9.6M
$46.0M
Q2 24
$13.4M
$25.2M
Q1 24
$16.1M
$24.1M
Total Debt
LEE
LEE
OIS
OIS
Q4 25
$1.7M
Q3 25
$1.9M
Q2 25
$1.9M
Q1 25
$124.7M
Q4 24
$124.7M
Q3 24
$124.6M
Q2 24
$124.3M
Q1 24
$135.6M
Stockholders' Equity
LEE
LEE
OIS
OIS
Q4 25
$-48.7M
$573.2M
Q3 25
$-43.3M
$689.0M
Q2 25
$-40.5M
$690.6M
Q1 25
$-38.9M
$683.4M
Q4 24
$-26.7M
$680.7M
Q3 24
$-9.9M
$684.8M
Q2 24
$4.0M
$690.4M
Q1 24
$7.9M
$692.3M
Total Assets
LEE
LEE
OIS
OIS
Q4 25
$592.6M
$883.4M
Q3 25
$601.7M
$1.0B
Q2 25
$622.7M
$993.7M
Q1 25
$623.9M
$990.7M
Q4 24
$633.0M
$1.0B
Q3 24
$649.2M
$994.1M
Q2 24
$677.5M
$1.0B
Q1 24
$684.8M
$1.0B
Debt / Equity
LEE
LEE
OIS
OIS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.18×
Q1 24
0.20×

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
OIS
OIS
Operating Cash FlowLast quarter
$4.5M
$50.1M
Free Cash FlowOCF − Capex
$3.7M
$47.1M
FCF MarginFCF / Revenue
2.9%
26.4%
Capex IntensityCapex / Revenue
0.6%
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.5M
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEE
LEE
OIS
OIS
Q4 25
$4.5M
$50.1M
Q3 25
$-6.3M
$30.7M
Q2 25
$8.9M
$15.0M
Q1 25
$-790.0K
$9.3M
Q4 24
$-7.3M
$18.2M
Q3 24
$-261.0K
$28.8M
Q2 24
$-1.9M
$10.2M
Q1 24
$3.2M
$-11.4M
Free Cash Flow
LEE
LEE
OIS
OIS
Q4 25
$3.7M
$47.1M
Q3 25
$-8.3M
$22.0M
Q2 25
$8.3M
$4.7M
Q1 25
$-2.2M
$137.0K
Q4 24
$-8.9M
$4.0M
Q3 24
$-2.9M
$21.4M
Q2 24
$-5.5M
$4.5M
Q1 24
$1.3M
$-21.5M
FCF Margin
LEE
LEE
OIS
OIS
Q4 25
2.9%
26.4%
Q3 25
-6.0%
13.3%
Q2 25
5.9%
2.8%
Q1 25
-1.6%
0.1%
Q4 24
-6.1%
2.4%
Q3 24
-1.8%
12.3%
Q2 24
-3.6%
2.4%
Q1 24
0.9%
-12.8%
Capex Intensity
LEE
LEE
OIS
OIS
Q4 25
0.6%
1.7%
Q3 25
1.4%
5.3%
Q2 25
0.4%
6.2%
Q1 25
1.0%
5.7%
Q4 24
1.1%
8.6%
Q3 24
1.7%
4.3%
Q2 24
2.4%
3.1%
Q1 24
1.3%
6.0%
Cash Conversion
LEE
LEE
OIS
OIS
Q4 25
Q3 25
16.15×
Q2 25
5.33×
Q1 25
2.94×
Q4 24
1.20×
Q3 24
Q2 24
7.87×
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%

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

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