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New York Times vs LEE Enterprises: NYT and LEE compared
New York Times is the larger company: $769M of revenue in its latest quarter (Q3 2026) against $126M for LEE Enterprises (Q3 FY26). New York Times is growing faster (+10% against -11% a year earlier). New York Times is more profitable, with an operating margin of 15.9% against 6.9%.
Where the money goes: NYT and LEE
New York Times (NYT) · Q3 2026
New York Times, Q3 2026: revenue $769M (+10% year over year), operating margin 15.9%, net earnings $97.4M, operating cash flow $176M. The chart follows the revenue to costs, profit and cash.
LEE Enterprises (LEE) · Q3 FY26
LEE Enterprises, Q3 FY26: revenue $126M (-11% year over year), operating margin 6.9%, net earnings $4.7M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
| New York Times (NYT) | LEE Enterprises (LEE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $769M | $126M |
| Revenue growth, Y/Y | +10% | -11% |
| Operating margin | 15.9% | 6.9% |
| Net earnings | $97.4M | $4.7M |
| Net margin | 12.7% | 3.7% |
| Operating cash flow | $176M | $7.9M |
| Free cash flow | $170M | $6.8M |
| Market value | $11.1B | — |
| P/E | 27.3× | — |
| Analysts’ mean target | $77.00 | — |
Where the revenue comes from
New York Times
- Subscription: $548M (71%)
- Advertising: $143M (19%)
- Affiliate, licensing and other: $78.4M (10%)
LEE Enterprises
- Advertising and marketing services: $59.3M (47%)
- Subscription: $54.7M (43%)
- Other: $11.9M (9%)
Questions
Which is bigger, New York Times or LEE Enterprises?
New York Times is the larger company: $769M of revenue in its latest quarter (Q3 2026) against $126M for LEE Enterprises (Q3 FY26).
Is New York Times or LEE Enterprises growing faster?
New York Times is growing faster (+10% against -11% a year earlier).
Which is more profitable, New York Times or LEE Enterprises?
New York Times is more profitable, with an operating margin of 15.9% against 6.9%.
More: New York Times earnings · how New York Times makes money · LEE Enterprises earnings · how LEE Enterprises makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.