What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Icahn Enterprises IEP Gross margin

Discontinued — last reported Q3 '18

Gross margin at other companies

Valero EnergyVLO

5.6%+3.0pp

CF IndustriesCF

39.1%+2.9pp

Primoris ServicesPRIM

10.4%-0.8pp

SeaboardSEB

7.8%+1.0pp

CaterpillarCAT

96.6%-4.4pp

PBF EnergyPBF

0.4%+0.2pp

Other financials

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

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Market cap$4.9B+1.6%

Enterprise value$10.54B+5.3%

P/S0.5×0.0×

Profitability

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Net margin-3.4%-1.3pp

FCF margin20%—

Returns & leverage

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Return on equity-0.1%—

Debt / equity0.7×—

Where this comes from

Calculated from Icahn Enterprises’s reported figures.

gross profit/total revenue=-56.5%

Based on trailing twelve months.

The official record: Icahn Enterprises’s 10-Q, filed November 5, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.