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Icahn Enterprises

IEP

Icahn Enterprises L.P. is a diversified holding company that operates as a master limited partnership under the leadership of Chairman Carl C. Icahn.

Market cap
$5.19B+2.3%
Revenue$10.0B+6.2%
Net income-$337.0M+59.4%
Free cash flow-$550.0M-181%
EPS (diluted)-$1.31-37.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$2.4B
EPS estimate$0.11

Financials

Q1 2026

Income statement

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Revenue$2.2B+18.2%
Net income-$459.0M-8.8%
EPS (diluted)-$0.71+10.1%

Balance sheet

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Cash & equivalents$1.3B-40.5%
Total debt$6.9B-5.9%
Total assets$12.9B-16.5%

Cash flow

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Operating cash flow$397.0M+318%
CapEx$114.0M+29.5%
Free cash flow$283.0M+205%

Valuation & ratios

Valuation

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Market cap$5.19B+2.3%
Enterprise value$10.84B+2.6%
P/S0.5×0.0×

Profitability

See full
Net margin-3.4%-1.3pp

Segments

By segment

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Energy$2.0B+19.5%
Automotive$328.0M-5.7%
Food Packaging$88.0M-8.3%
Home Fashion$39.0M-2.5%
Pharma$16.0M-33.3%

Competitors

Profile

Icahn Enterprises L.P. is a diversified holding company that operates as a master limited partnership under the leadership of Chairman Carl C. Icahn. The company employs an activist investment strategy, acquiring undervalued businesses or significant minority stakes to drive operational improvements and unlock shareholder value. Its portfolio spans a wide range of industries including energy, automotive services, food packaging, and real estate.

Competitive position

A leading diversified holding company characterized by a high-conviction activist investment approach and a majority-controlled portfolio of industrial assets.

GeographiesUnited States, Bahrain, Global
Customer segmentsEnterprise, Consumer, Agricultural, Industrial
Business modelHolding Company, Activist Investing, Manufacturing, Service Provider
SuppliersCrude oil suppliers, Natural gas providers, Petroleum coke suppliers, Automotive parts manufacturers, Raw textile materials
CustomersRetail fuel consumers, Agricultural cooperatives, Meat processing companies, Commercial real estate tenants, Automotive repair customers
Listed1987
Employees15.0K
CEOTed Papapostolou
Websiteielp.com
FilingsSEC EDGAR

Questions, answered.

What is Icahn Enterprises's market cap?
Icahn Enterprises (IEP) has a market capitalization of $5.2B and trades on NASDAQ.
What is Icahn Enterprises's revenue and profitability?
Icahn Enterprises generated $10.0B in trailing twelve-month revenue with a net loss of $337.0M, representing a net margin of -3.4%. Gross margin stands at -56.5%, with free cash flow of -$550.0M. These figures are based on the Q1 2026 filing.
Who are Icahn Enterprises's competitors?
Icahn Enterprises's key competitors include Valero Energy Corporation, CF Industries Holdings, Inc., Berkshire Hathaway Inc., and others. These companies compete in similar markets and product categories.
Who does Icahn Enterprises partner with?
Icahn Enterprises's notable partners include American Electric Power Company, Inc., Southwest Gas Holdings, Inc., EchoStar Corp., and others.
What subsidiaries does Icahn Enterprises have?
Icahn Enterprises's subsidiaries include CVR Energy, Inc., CVR Partners, LP, Icahn Automotive Group LLC, and others.
Where is Icahn Enterprises headquartered?
Icahn Enterprises is headquartered in United States of America and employs approximately 15,038 people. It has been publicly traded since 1987.