IEP · Icahn Enterprises L.P. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | - | $2.73B | $2.37B | $1.87B | - | $2.79B | $2.20B | $2.47B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $209.00M | - | $218.00M | $207.00M | $201.00M | - | $202.00M | $183.00M | $193.00M | - |
| Total Operating Expenses | $2.82B | - | $2.19B | $2.62B | $2.52B | - | $2.72B | $2.68B | $2.49B | - |
| D&A | $123.00M | - | $158.00M | $132.00M | $118.00M | - | $126.00M | $127.00M | $129.00M | - |
| Operating Income | ($612.00M) | - | $538.00M | ($246.00M) | ($654.00M) | - | $67.00M | ($482.00M) | ($19.00M) | - |
| Interest Expense | $123.00M | - | $122.00M | $129.00M | $128.00M | - | $130.00M | $128.00M | $136.00M | - |
| Income Tax | ($49.00M) | - | $127.00M | ($45.00M) | ($74.00M) | - | ($13.00M) | $4.00M | $7.00M | - |
| Net Income | ($459.00M) | - | $287.00M | ($165.00M) | ($422.00M) | - | $22.00M | ($331.00M) | ($38.00M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.30B | $1.45B | $1.79B | $1.80B | $2.18B | $2.60B | $2.29B | $2.22B | $2.47B | $2.95B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $927.00M | $845.00M | $892.00M | $905.00M | $1.00B | $897.00M | $883.00M | $970.00M | $1.04B | $1.05B |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $12.93B | $14.21B | $14.83B | $14.84B | $15.48B | $16.28B | $17.44B | $17.99B | $20.06B | $20.86B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.59B | $10.79B | $11.41B | $11.42B | $11.74B | $11.66B | $12.62B | $12.60B | $14.44B | $14.79B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $397.00M | - | - | - | ($182.00M) | - | - | - | ($251.00M) | - |
| Investing Cash Flow | ($110.00M) | - | - | - | ($118.00M) | - | - | - | ($75.00M) | - |
| Financing Cash Flow | ($412.00M) | - | - | - | ($65.00M) | - | - | - | ($587.00M) | - |
| CapEx | $114.00M | - | $82.00M | $96.00M | $88.00M | - | $58.00M | $66.00M | $68.00M | - |
| Free Cash Flow | $283.00M | - | - | - | ($270.00M) | - | - | - | ($319.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -27.7% | - | 19.7% | -10.4% | -35.0% | - | 2.4% | -21.9% | -0.8% | - |
| EBITDA margin | -22.2% | - | 25.5% | -4.8% | -28.7% | - | 6.9% | -16.1% | 4.5% | - |
| Net margin | -20.8% | - | 10.5% | -7.0% | -22.6% | - | 0.8% | -15.0% | -1.5% | - |
| Free cash flow margin | 12.8% | - | - | - | -14.5% | - | - | - | -12.9% | - |
| FCF / Net income | -0.62 | - | - | - | 0.64 | - | - | - | 8.39 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.5% | - | 8.0% | 8.7% | 10.8% | - | 7.2% | 8.3% | 7.8% | - |
| Effective tax rate | - | - | 30.7% | - | - | - | -144.4% | - | - | - |
| Return on assets | -3.5% | - | 1.9% | -1.1% | -2.7% | - | 0.1% | -1.8% | -0.2% | - |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -5.0x | - | 4.4x | -1.9x | -5.1x | - | 0.5x | -3.8x | -0.1x | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.82 | 0.76 | 0.77 | 0.77 | 0.76 | 0.72 | 0.72 | 0.70 | 0.72 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.18 | 0.16 | 0.12 | - | 0.16 | 0.12 | 0.12 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.2% | - | -2.4% | 7.6% | -24.4% | - | -6.6% | -13.3% | -6.6% | - |
| Revenue CAGR (3y) | -5.8% | - | -7.1% | -12.2% | -23.0% | - | 1.8% | -9.7% | -10.0% | - |
| Revenue CAGR (5y) | -8.2% | - | 30.4% | -2.6% | - | - | 3.8% | 0.0% | 5.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.4% | - | 703.0% | 49.0% | -3342.1% | - | 1.5% | -15.6% | 94.9% | - |
| Net income growth (YoY) | -8.8% | - | 1204.5% | 50.2% | -1010.5% | - | - | -23.0% | 85.9% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 15.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$9.66B totalEnergy Segment$7.19B · 74.4%
Automotive Segment$1.42B · 14.7%
Food Packaging Segment$362.00M · 3.7%
Real Estate Segment$336.00M · 3.5%
Home Fashion Segment$171.00M · 1.8%
Pharma Segment$105.00M · 1.1%
Holding Company$61.00M · 0.6%
Investment Segment$12.00M · 0.1%
Peer comparison
Same SIC group: Petroleum Refining
Comparing ICAHN ENTERPRISES L.P. against the 5 most active filers in the same SIC group.