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Icahn Enterprises L.P.(IEP)Earnings, Financials & Key Ratios
IEP•NASDAQ
$7.31
Price updated Jul 7, 2026
AboutIcahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.Show more
- Revenue$9.41B-7.5%
- EBITDA$600M-9.5%
- Net Income-$293M+32.8%
- EPS (Diluted)-0.52+44.7%
- Gross Margin8.86%-3.6%
- EBITDA Margin6.38%-2.2%
- Operating Margin-0.03%-102.1%
- Net Margin-3.11%+27.4%
- ROE-7.28%+10.7%
IEP Price & Volume
Icahn Enterprises L.P. (IEP) stock price & volume — 10-year historical chart
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Structural Margin Volatility Masks Deep Leverage Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Leverage and Asset Volatility
Key Thesis Takeaways
- Icahn Enterprises faces a precarious outlook as its reliance on cyclical industrial cash flows fails to provide consistent support for its activist investment model.
- The partnership's fundamental stability is undermined by a shrinking asset base, which has contracted from $20.9 billion in 2023Q4 to $12.9 billion in 2026Q1, while debt-to-equity ratios have simultaneously climbed to 2.72.
- Investors should remain cautious as the firm's inability to generate sustained organic profitability, evidenced by a $612 million net loss in 2026Q1, suggests significant ongoing operational and financial risk.
Verdict Logic
the partnership's elevated debt-to-equity ratio of 2.72 and the recent $612 million net loss in 2026Q1 indicate that the current 7.0% dividend yield may be unsustainable without further balance sheet deterioration.
IEP Growth Metrics
Icahn Enterprises L.P. (IEP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.65%
5 Years7.14%
3 Years-13.25%
TTM2.39%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM40.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM47.49%
Return on Capital
10 Years1.42%
5 Years3.53%
3 Years2.43%
Last Year-0.02%
IEP Recent Earnings
Icahn Enterprises L.P. (IEP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.71-810.0%
$0.10
Rev
$2.3B-0.9%
$2.3B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.00-99.1%
$0.17
Rev
$2.2B+0.9%
$2.2B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.49+250.0%
$0.14
Rev
$2.7B+10.8%
$2.5B
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.30-314.3%
$0.14
Rev
$2.4B+0.7%
$2.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.71vs $0.10-810.0% | $2.3Bvs $2.3B-0.9% |
| Q1 2026 | Feb 25, 2026 | $0.00vs $0.17-99.1% | $2.2Bvs $2.2B+0.9% |
| Q4 2025 | Nov 5, 2025 | $0.49vs $0.14+250.0% | $2.7Bvs $2.5B+10.8% |
| Q3 2025 | Aug 4, 2025 | $0.30vs $0.14-314.3% | $2.4Bvs $2.4B+0.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Icahn Enterprises L.P. (IEP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.31 | $4.91B | -14.06 | -7.46% | -3.11% | -7.28% | 6.85% | |
| $10.05 | $756.12M | -3.30 | 4.79% | -12.3% | -49.61% | — | |
| $10.30 | $9.95M | -9.20 | 3.35% | -6.71% | -9.56% | — | |
| $178.84 | $71.7B | 16.57 | -7.64% | 3.04% | 14.14% | — | |
| $38.85 | $4.95B | 23.69 | 5.64% | 5.03% | 28.49% | — | |
| $32.43 | $4.91B | -8.60 | 10.52% | -6.5% | -17.64% | — |
Compare IEP vs Peers
Icahn Enterprises L.P. (IEP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IEP SEC Filings & Documents
Icahn Enterprises L.P. (IEP) SEC filings — annual & quarterly reports (10-K, 10-Q)
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IEP Frequently Asked Questions
Icahn Enterprises L.P. (IEP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Icahn Enterprises L.P.'s revenue?
Icahn Enterprises L.P. (IEP) reported $10.18B in revenue for fiscal year 2025. This represents a 14084% increase from $71.8M in 1996.
How fast is Icahn Enterprises L.P. growing?
Icahn Enterprises L.P. (IEP) saw revenue decline by 7.5% over the past year.
Is IEP profitable?
Icahn Enterprises L.P. (IEP) reported a net loss of $486.0M for fiscal year 2025.
Dividend & Returns
Does IEP pay dividends?
Yes, Icahn Enterprises L.P. (IEP) pays a dividend with a yield of 6.85%. This makes it attractive for income-focused investors.
What is IEP's return on equity?
Icahn Enterprises L.P. (IEP) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.
What is Icahn Enterprises L.P.'s free cash flow?
Icahn Enterprises L.P. (IEP) had negative free cash flow of $101.0M in fiscal year 2025, likely due to heavy capital investments.