Icahn Enterprises L.P. logo

Icahn Enterprises L.P.

IEP

NASDAQEnergyOil & Gas Refining & Marketing

Previous close

$6.79

+$0.14 · +2.11%

Aug 21, 4:00 PM ET

IEP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

64

Undervalued

Momentum

38

Weakening

Sentiment

52

Mixed

Risk resilience

71

Moderate Risk

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Company profile

Company website

Icahn Enterprises L.P. (IEP) is a diverse holding company that operates through its various subsidiaries across numerous industries, serving both the United States and international markets. Its core business activities span investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals. Specifically, the Investment division strategically deploys its own capital by managing a portfolio of private investment funds. The Energy segment is involved in both refining and marketing transportation fuels, alongside the production and distribution of nitrogen-based fertilizers, including urea ammonium nitrate and ammonia. Within the Automotive sector, IEP handles the wholesale and retail distribution of vehicle components, in addition to offering comprehensive auto repair and maintenance services. The Food Packaging segment focuses on manufacturing and supplying various casings—such as cellulosic, fibrous, and plastic types—that are essential for preparing processed meat products. Its extensive Real Estate operations encompass leasing commercial properties (retail, office, and industrial), constructing and selling residential units and single-family homes, and managing golf courses, clubs, hotels, and timeshare resorts. The Home Fashion division is responsible for the entire lifecycle of consumer home products, from manufacturing and sourcing to marketing, distribution, and sales. Lastly, the Pharmaceutical segment provides a range of medicinal products and related services. Established in 1987, Icahn Enterprises L.P. maintains its principal corporate office in Sunny Isles Beach, Florida.

Industry
Oil & Gas Refining & Marketing
Sector
Energy
Headquarters
US
CEO
Ted Papapostolou
Listed since
Jul 23, 1987
Employees
13,562

Market position

Day range

Current $6.79

52-week range

Current $6.79

Open
$6.70
Previous close
$6.65
Volume
1.39M
1.36× average
Average volume
1.03M
Average daily volume
Market cap
4.56B USD
Beta
0.74
Market reference 1
50-day average
$7.3992
-8.23% below average
200-day average
$7.7479
-12.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.54B USD
EV / EBITDA
9.89×
Earnings yield
-6.75%
Free cash flow yield
-15.06%

Profitability & efficiency

Return on equity
-10.74%
Return on assets
-2.06%
Return on invested capital
-0.02%

Financial health

Current ratio
4.62×
Altman Z-score
1.13
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%12%2%-8%Gross margin, FY2021: 18.95%Gross margin, FY2022: 15.26%Gross margin, FY2023: 16.35%Gross margin, FY2024: 9.19%Gross margin, FY2025: 8.86%Operating margin, FY2021: 8.88%Operating margin, FY2022: 6.59%Operating margin, FY2023: 9.20%Operating margin, FY2024: 1.49%Operating margin, FY2025: -0.03%Net margin, FY2021: -4.91%Net margin, FY2022: -1.24%Net margin, FY2023: -5.62%Net margin, FY2024: -4.29%Net margin, FY2025: -3.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.95%. Gross margin FY2022 15.26%. Gross margin FY2023 16.35%. Gross margin FY2024 9.19%. Gross margin FY2025 8.86%. Operating margin FY2021 8.88%. Operating margin FY2022 6.59%. Operating margin FY2023 9.20%. Operating margin FY2024 1.49%. Operating margin FY2025 -0.03%. Net margin FY2021 -4.91%. Net margin FY2022 -1.24%. Net margin FY2023 -5.62%. Net margin FY2024 -4.29%. Net margin FY2025 -3.11%.

Income trends

Revenue

9.41B USD-7.46%

Operating income

−3M USD−155M USD

Net income

−293M USD+32.80%
Income trends across reported periods15.93B USD9.89B USD3.86B USD−2.18B USDRevenue, FY2021: 12.29B USDRevenue, FY2022: 14.42B USDRevenue, FY2023: 11.92B USDRevenue, FY2024: 10.17B USDRevenue, FY2025: 9.41B USDOperating income, FY2021: 1.09B USDOperating income, FY2022: 950M USDOperating income, FY2023: 1.1B USDOperating income, FY2024: 152M USDOperating income, FY2025: −3M USDNet income, FY2021: −604M USDNet income, FY2022: −179M USDNet income, FY2023: −670M USDNet income, FY2024: −436M USDNet income, FY2025: −293M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.29B USD. Revenue FY2022 14.42B USD. Revenue FY2023 11.92B USD. Revenue FY2024 10.17B USD. Revenue FY2025 9.41B USD. Operating income FY2021 1.09B USD. Operating income FY2022 950M USD. Operating income FY2023 1.1B USD. Operating income FY2024 152M USD. Operating income FY2025 −3M USD. Net income FY2021 −604M USD. Net income FY2022 −179M USD. Net income FY2023 −670M USD. Net income FY2024 −436M USD. Net income FY2025 −293M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.41B USD10.17B USD11.92B USD14.42B USD12.29B USD
Cost of goods sold8.58B USD9.24B USD9.98B USD12.22B USD9.96B USD
Gross profit834M USD935M USD1.95B USD2.2B USD2.33B USD
Selling, general, and administrative837M USD783M USD852M USD1.25B USD1.24B USD
Operating expenses837M USD783M USD852M USD1.25B USD1.24B USD
Interest income477M USD636M USD328M USD137M USD
Interest expense504M USD523M USD554M USD568M USD666M USD
Depreciation and amortization603M USD511M USD518M USD509M USD517M USD
Operating income−3M USD152M USD1.1B USD950M USD1.09B USD
Net income−293M USD−436M USD−670M USD−179M USD−604M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 10 misses, 0 met estimates
Average EPS surprise
-292.90%
11 comparable reports
Latest EPS result
-0.52
Estimate 0.11 · Miss by 572.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.590.1-0.4-0.89Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual -0.19, estimate 0.17, surprise -211.76%, Miss. Q2 2025, reported May 7, 2025: actual -0.79, estimate 0.19, surprise -515.79%, Miss. Q3 2025, reported Aug 4, 2025: actual -0.3, estimate 0.14, surprise -314.29%, Miss. Q4 2025, reported Nov 5, 2025: actual 0.49, estimate 0.14, surprise +250.00%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.002, estimate 0.17, surprise -99.06%, Miss. Q2 2026, reported May 6, 2026: actual -0.71, estimate 0.1, surprise -810.00%, Miss. Q3 2026, reported Aug 5, 2026: actual -0.52, estimate 0.11, surprise -572.73%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.09, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.2B2.76B2.31B1.87BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 2.51B USD, estimate 2.27B USD, surprise +10.39%, Beat. Q2 2025, reported May 7, 2025: actual 2.17B USD, estimate 2.4B USD, surprise -9.51%, Miss. Q3 2025, reported Aug 4, 2025: actual 2.42B USD, estimate 2.4B USD, surprise +0.67%, Beat. Q4 2025, reported Nov 5, 2025: actual 2.73B USD, estimate 2.46B USD, surprise +10.77%, Beat. Q1 2026, reported Feb 25, 2026: actual 2.17B USD, estimate 2.15B USD, surprise +0.88%, Beat. Q2 2026, reported May 6, 2026: actual 2.31B USD, estimate 1.99B USD, surprise +16.19%, Beat. Q3 2026, reported Aug 5, 2026: actual 3.08B USD, estimate 2.05B USD, surprise +50.66%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 2.33B USD, surprise —, Comparison unavailable.

IEP news

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