Icahn Enterprises L.P. IEP

6.96 0.01 0.14% as of 25 Sep
Market cap
$4.9B
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 86.87%

Capital & Financial Ratios

Market Cap 4,930.00
Revenue 10,603.00
Net Income (496.00)
Free Cash Flow (251.00)
Net Debt 1,699.00
Current Ratio 2.87
Debt/Equity 2.98
P/E ratio 0.00
P/S ratio 0.44
P/B ratio 2.17
Past 5Y EPS Growth 29.52%
This Y EPS Growth 23.08%
Next Y EPS Growth 237.50%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield 31.12%
total individual payouts
2026 1.50
0.50
0.50
0.50
2025 2.00
0.50
0.50
0.50
0.50
2024 3.50
1.00
1.00
1.00
0.50
2023 6.00
2.00
2.00
1.00
1.00
2022 8.00
2.00
2.00
2.00
2.00
2021 8.00
2.00
2.00
2.00
2.00
2020 8.00
2.00
2.00
2.00
2.00
2019 8.00
2.00
2.00
2.00
2.00
2018 7.00
1.75
1.75
1.75
1.75
2017 6.00
1.50
1.50
1.50
1.50
2016 6.00
1.50
1.50
1.50
1.50
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 8,958 7,549 5,670 4,690
Receivables 4,852 2,103 2,049 1,619
Inventory — — — —
Other — — — —
13,821 9,659 7,848 6,445
2023 2024 2025 Q'26
Payables 830 802 690 721
ST’ Debt — — — —
Other — — — —
2,426 2,349 1,882 2,245
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (4.48%) 9.54% (12.05%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (10.19%) (18.03%) (28.96%)

Revenue

Mar Jun Sep Dec Year
’26 2,206 2,975 — — —
’25 1,867 2,369 2,725 2,697 9,658
’24 2,470 2,201 2,791 2,558 10,020
’23 2,673 2,559 3,010 2,692 10,934
’22 4,093 3,503 3,404 3,196 14,196
’21 3,384 2,988 2,649 2,317 11,338
’20 (60) 2,709 723 2,751 6,123
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 397 116 — — —
’25 (182) 275 15 (421) (313)
’24 (251) 893 (54) 244 832
’23 265 1,729 1,627 115 3,736
’22 1,920 709 711 (2,285) 1,055
’21 (551) 187 430 255 321
’20 (1,373) 235 1,862 (1,140) (416)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 283 35 — — —
’25 (313) 31 (72) (497) (851)
’24 (331) 795 (114) 149 499
’23 199 1,614 1,554 9 3,376
’22 1,850 559 603 (2,378) 634
’21 (599) 109 314 187 11
’20 (1,426) 34 1,803 (1,185) (774)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.71) (0.52) — — —
’25 (0.79) (0.30) 0.49 0.00 (0.52)
’24 (0.09) (0.72) 0.05 (0.19) (0.94)
’23 (0.75) (0.72) (0.01) (0.33) (1.75)
’22 1.06 (0.41) (0.37) (0.74) (0.57)
’21 0.65 (0.53) (0.55) (1.72) (2.32)
’20 (6.34) 1.36 (3.14) 0.61 (7.33)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
42.50 47.06 50.33 56.20 34.00 48.93 47.17 15.00 8.53 7.08

Analyst estimates 2026–2028

Powerpack
Low Price
67.63 63.96 81.88 79.37 69.10 69.10 55.73 54.48 22.59 10.74
High Price
90,907 89,034 29,034 28,033 23,800 19,536 20,041 15,038 15,037 13,547
Employees
0 0 0 0 0 1 1 1 1 1
Revenue/Emp
7,379 12,619 11,777 8,994 6,123 11,338 14,196 10,934 10,020 9,658
Revenue
7.35% 34.86% 23.64% 8.77% (3.22%) 16.34% 17.66% 14.70% 13.98% 17.39%
Gross Margin
(2,373) 1,866 223 (1,739) (2,584) (578) 9 (922) (567) (345)
EBT
(32.16%) 14.79% 1.89% (19.34%) (42.20%) (5.10%) 0.06% (8.43%) (5.66%) (3.57%)
EBT Margin
(2,220) 2,632 2,001 (1,791) (2,468) (500) (25) (1,012) (542) (326)
Net Income
526 518 508 519 510 517 509 518 511 603
Depreciation
53.86 78.38 65.43 44.97 27.71 43.61 44.92 28.62 21.50 17.19
Revenue/Sh
(8.07) 14.80 11.46 (5.38) (7.33) (2.32) (0.57) (1.75) (0.94) (0.52)
Earnings/Sh
8.89 (8.37) 5.13 (7.30) (1.88) 1.23 3.34 9.78 1.79 (0.56)
Cash Flow/Sh
(1.80) 10.35 17.17 1.09 (1.62) (1.19) (1.33) (0.94) (0.71) (0.96)
Capex/Sh
7.09 1.98 22.29 (6.21) (3.50) 0.04 2.01 8.84 1.07 (1.51)
Free CF/Sh
58.52 70.61 72.11 54.71 41.89 35.93 30.25 15.90 9.92 6.10
Book Value/Sh
137 161 180 200 221 260 316 382 466 562
Shares
0.00 3.71 5.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
0.54 0.53 0.87 1.37 1.83 1.14 1.15 0.62 0.40 0.44
PS Ratio
1.09 0.81 0.79 1.12 1.21 1.38 1.71 1.11 0.87 1.24
PB Ratio
0.45 0.27 0.33 0.62 1.15 0.62 0.83 0.46 0.33 0.54
EV/Sales
7.57 14.69 0.98 (4.51) (9.11) 636.22 18.48 1.48 6.61 (6.10)
EV/FCF
1,218 (1,348) 923 (1,460) (416) 321 1,055 3,736 832 (313)
Op' Cash Flow
(247) 1,667 3,090 217 (358) (310) (421) (360) (333) (538)
Capex
971 319 4,013 (1,243) (774) 11 634 3,376 499 (851)
FCF
11,949 10,941 12,969 13,833 13,816 17,080 16,501 11,395 7,310 5,966
Working Cap'
11,119 7,372 7,326 8,192 8,059 7,692 7,096 7,207 6,809 6,616
Total Debt
(1,399) (4,554) (6,349) (6,698) (4,145) (5,895) (4,599) (1,751) (740) 946
Net Debt
8,017 11,368 12,980 10,942 9,258 9,343 9,558 6,073 4,621 3,426
Sh' Equity
(3.17%) 7.53% 5.36% (4.47%) (6.53%) (2.29%) (0.64%) (2.75%) (2.35%) (1.92%)
ROA
(10.29%) 23.96% 8.11% (16.41%) (22.92%) 1.69% 8.49% 1.62% 0.24% 3.49%
ROIC
(12.25%) 25.32% 12.17% (9.00%) (16.04%) (6.49%) (1.89%) (8.57%) (8.15%) (7.28%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Icahn Enterprises L.P. (IEP) key facts

  • Icahn Enterprises L.P. (IEP) is an Oil & Gas Refining & Marketing company in the Energy sector, listed on Nasdaq.
  • Icahn Enterprises L.P.’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, down 3.61% from fiscal 2024.
  • As of September 25, 2026, IEP traded at $6.96, a market capitalization of $4.9 billion.
  • Return on equity was −7.28% and debt-to-equity 2.98.

Source: company filings (standardised) and stockrow calculations.

Icahn Enterprises L.P. (IEP) Latest News

News by impact score

Fine-tune

21 Sep

4

Delaware lawsuits accuse Icahn Enterprises and co-plaintiffs of colluding in merger-arbitrage bets to challenge Silver Lake’s $25 billion bid for Endeavor Group Holdings. Endeavor and Silver Lake seek to stop Icahn’s arbitrage activity and bar dozens of post‑announcement appraisal actions that seek a higher price for Endeavor shares. Icahn Enterprises and a Swedish bank lead a separate proposed class-action alleging fiduciary-duty breaches by Endeavor’s executives that harmed minority shareholders. The suits involve Pentwater Capital Management and Troluce Capital Advisors, and argue the broad litigation strategy undermines securities and antitrust laws. Appraisal arbitrage, a strategy revived after Delaware’s recent legal overhaul, has drawn hedge funds into the fight, while Endeavor contends pre‑acquisition activity may still be actionable. Icahn argues fiduciary claims don’t apply to pre‑acquisition conduct. The case underscores rising investor-led battles around private-equity takeovers. Lawsuits and proposed restraints on post-announcement arbitrage could curb Icahn's deal-focused activity and raise litigation risk, materially affecting strategy and investor sentiment.

19 Sep

3

Carl Icahn acquired nearly 69 million shares of Icahn Enterprises L.P. last quarter. Founder share purchase signals confidence and may lift short-term sentiment without altering core operations.

21 Aug

4

IEP shares slumped 67% and now trade below fair value. 67% slump signals major negative pressure on IEP valuation and future market trajectory.

20 Aug

3

Mavis completes acquisition of Pep Boys from Icahn Enterprises L.P. Pep Boys divestiture injects cash into Icahn Enterprises but leaves core holdings and strategy intact.

5 Aug

4 transcript

IEP's Q2 2026 earnings call highlighted the strategic sale of Pep Boys as a core development. Strategic divestiture of Pep Boys constitutes a major asset sale likely to alter IEP's operational footprint and investor outlook.

3 transcript

Icahn Enterprises L.P. (IEP) released Q2 earnings call highlights covering financial results and operations. Q2 earnings highlights deliver updated financial metrics that influence IEP valuation and short-term sentiment.

3

Icahn Enterprises L.P. announced its second quarter 2026 financial results. Quarterly earnings releases moderately sway investor views and near-term stock moves.

24 Jul

3

Icahn Enterprises sold Pep Boys to Mavis for $700M while retaining ownership of the real estate assets. Pep Boys sale delivers cash inflow to Icahn Enterprises and retained real estate adds long-term asset value.

23 Jul

3

Icahn Enterprises L.P. sold the Pep Boys chain while retaining the underlying real estate assets in a $700 million transaction. The $700 million sale of Pep Boys operations with retention of real estate constitutes a moderate strategic asset restructuring for Icahn Enterprises.

22 Jul

3

Mavis Tire acquires iconic auto-service chain in $700M deal tied to Icahn Enterprises L.P. $700M transaction alters IEP asset base and cash position without shifting core strategy.

21 Jul

4

Icahn Enterprises L.P. is selling Pep Boys to Mavis Tire for $700 million. Sale of Pep Boys for $700 million is a major divestiture that materially changes Icahn Enterprises' asset composition and cash position.

4

Mavis acquires Pep Boys from Icahn Enterprises for $700 million in cash. Divestiture of Pep Boys delivers $700 million cash inflow and removes a major automotive asset from IEP's portfolio.

8 Jun

3

IEP faces three major risks that threaten its performance and position it as less favorable than an alternative stock recommended for purchase instead. Direct emphasis on multiple risks for IEP can shift investor sentiment and exert moderate downward pressure on valuation.

21 May

4

Icahn Enterprises missed Q1 expectations, raising doubts about risk controls and dividend sustainability. Q1 miss directly questions core risk oversight and dividend policy at Icahn Enterprises, likely shifting investor sentiment and future performance.

3

Icahn Enterprises missed Q1 earnings and posted weaker cash flow margins, prompting downward pressure on valuation multiples and investor reassessment of future cash generation. Q1 earnings miss and weaker cash flow margins signal moderate near-term pressure on financial results and stock sentiment without indicating structural change.

16 May

3

Icahn Enterprises held its Q1 earnings call where analysts raised five key questions on performance, strategy and outlook. Earnings call questions offer moderate visibility into operations and strategy that can influence near-term sentiment.

13 May

3

Carl C. Icahn continues buying shares of Icahn Enterprises L.P. (IEP). Icahn's continued share purchases signal insider confidence, likely influencing market sentiment and short-term performance.

8 May

4

Icahn Enterprises L.P. (IEP) reported a wider Q1 loss and appointed a new CEO, prompting debate on whether these developments alter its investment case. Wider Q1 loss and new CEO represent major financial setback and leadership shift likely to significantly sway investor sentiment and company trajectory.

6 May

4

Icahn Enterprises L.P. Q1 2026 earnings call summary covers quarterly financial results, operational updates, and forward guidance. Earnings call summary reveals financial performance and strategic direction significantly shaping IEP's market trajectory.

4

Icahn Enterprises L.P. (IEP) Q1 earnings call highlights key financial results, operational updates, and strategic outlook from the quarter. Q1 earnings call highlights disclose financial performance and strategic directions with potential to significantly sway IEP's stock trajectory and investor confidence.

4

Icahn Enterprises L.P. (IEP) reported Q1 CY2026 sales below analyst estimates, causing the stock to drop. Q1 CY2026 sales miss versus analyst estimates led to immediate stock decline, signaling potential challenges to financial performance and investor confidence.

4

Icahn Enterprises L.P. (Nasdaq: IEP) announced its first quarter 2026 financial results. Quarterly financial results disclosure represents a major event likely to drive significant shifts in IEP's stock price and investor perceptions.

3

Icahn Enterprises L.P. (IEP) announces management changes. Management changes can moderately affect leadership stability, strategic direction, and investor sentiment at Icahn Enterprises L.P.

29 Mar

3

Icahn Enterprises L.P. (IEP) valuation scrutinized after recent results yield mixed shareholder returns. Valuation analysis post-recent results and mixed returns moderately influences investor sentiment and financial outlook.

24 Mar

3

Icahn Enterprises L.P. (IEP) recently acquired $78 million in Centuri shares, but earlier developments form the core narrative. Addition of $78 million in Centuri shares highlights ongoing strategic investment but is balanced by IEP's broader portfolio and operations.

12 Mar

4

Tilman Fertitta is in talks to acquire Caesars Entertainment for $7 billion, driving a 12% surge in shares. Fertitta's potential $7B buyout of Caesars offers a major premium for IEP's significant stake, boosting its portfolio value and market performance.

11 Mar

4

Caesars Entertainment (CZR) shares surged 11.8% after announcement of a $7 billion buyout deal. IEP's substantial stake in CZR positions it for major financial gains from the $7 billion buyout, significantly enhancing its portfolio value and market performance.

4

Tilman Fertitta is in talks to buy Caesars Entertainment for $7 billion after topping a bid from Carl Icahn. Icahn's outbid loss on $7 billion Caesars acquisition blocks major strategic expansion for IEP.

26 Feb

4

Carl Icahn acquired 30.5 million shares of Icahn Enterprises L.P. (IEP) valued at $245.6 million. Massive insider buying by founder Carl Icahn signals high confidence and could significantly lift IEP stock price and market sentiment.

3

Icahn Enterprises (IEP) stock pricing questioned amid recent discounted cash flow (DCF) concerns and ongoing long-term unit declines. DCF concerns and unit declines signal moderate risks to IEP's financial trajectory and investor sentiment.

stockrow.com/IEP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com