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MARKETS / NASDAQ / IEP
NASDAQ · PETROLEUM REFINING · LARGE CAP

Icahn Enterprises L.p. IEP

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$9.7B
▼ 3.6% YoY
$-299.0M
$-654.0M
▼ 218.5% YoY
In brief

What this company does

Icahn Enterprises L.P. is a diversified holding company that owns subsidiaries engaged in seven business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma. The Energy segment's net sales represented approximately 83% of consolidated net sales in each of 2025, 2024 and 2023, primarily from the sale of petroleum products. That segment is conducted through CVR Energy, which is engaged in the petroleum refining and marketing businesses, the renewable fuels businesses, and, through its holdings in CVR Partners, the nitrogen fertilizer manufacturing and distribution businesses. The Automotive segment provides a full range of automotive repair and maintenance services, along with the sale of installed parts and materials to its customers, as well as sales of automotive aftermarket parts and retailed merchandise. In the Food Packaging segment, Viskase produces cellulosic, fibrous and plastic casings used to prepare and package processed meat products. The company reported an aggregate of 47 employees at its Holding Company and Investment segment, with its other reporting segments employing approximately 13,500 people, most heavily in its Automotive, Food Packaging and Home Fashion segments. Icahn Enterprises L.P. is a master limited partnership formed in Delaware on February 17, 1987, and headquartered in Sunny Isles Beach, Florida.

Written from the business description in ICAHN ENTERPRISES L.P.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 9.7B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 9.7 · Net income -0.3
8B16B200920112013201520172019202120232025
Compound annual growth
−12.0%
+9.5%
−4.5%
+0.4%
+86.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.6% · Net -3.4%
10%20%-20%-40%200920112013201520172019202120232025
ROE
FY2019 · ROE -16.8%
20%40%60%-10%-20%-30%200920112013201520172019202120232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.7
2.0B-0.8B-1.6B200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2020 · Dividends 526.0 · Net buybacks —
200M400M20162017201820192020

Total assetsUSD 14.2B
CashUSD 1.4B

Not available: we don't have the total debt figure for this period.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B9.710.010.914.211.36.19.011.812.67.415.319.220.715.812.09.18.5
Operating income $B−0.3−0.6−0.90.0−0.6−2.6−1.70.21.9−2.4−2.1−0.62.30.71.80.8·
EBITDA $B0.3−0.1−0.40.5−0.1−2.1−1.20.72.4−1.8−1.20.23.01.32.31.2·
Income tax $B−0.0−0.00.10.0−0.1−0.10.0−0.0−0.5−0.10.1−0.1−0.1−0.10.00.0−0.0
Net income $B−0.3−0.4−0.7−0.2−0.5−1.7−1.11.52.5−1.1−1.2−0.41.00.40.80.20.3
Free cash flow $B−0.70.63.40.70.0−0.6−1.70.7−1.71.0−0.6−1.8−0.40.71.6−0.40.1
EPS, diluted $·················
Dividend / sh $········6.006.00·······
Payout %·····−32−1073−9·······
ROE %······−16.825.567.6−36.7−25.3−6.519.19.421.66.3·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 34 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPetroleum Refining
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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