stockrowIcahn Enterprises L.P.
IEP Energy Oil & Gas Refining & Marketing
Icahn Enterprises L.P.’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, down 3.61% from fiscal 2024.
- Revenue
- +16.4%
- EPS
- −163.3%
- Free cash flow
- +400.0%
- Total debt
- −4.95%
Quarter to September 2026, against a year earlier
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Icahn Enterprises L.P. (IEP) Debt to equity
Icahn Enterprises L.P.'s debt to equity at the end of the quarter to 30 September 2026 was 4.1×, up 2.1× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 0.6× (fiscal 2018) to 1.9× (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Refining & Marketing industry median of 0.4× and above the Energy sector median of 0.4×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.9× | 31.06% |
| FY2024 | 1.5× | 24.17% |
| FY2023 | 1.2× | 59.85% |
| FY2022 | 0.7× | (9.83%) |
| FY2021 | 0.8× | (5.42%) |
| FY2020 | 0.9× | 16.27% |
| FY2019 | 0.7× | 32.65% |
| FY2018 | 0.6× | (12.97%) |
| FY2017 | 0.6× | (53.24%) |
| FY2016 | 1.4× | 10.48% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 4.1× | 36.61% |
| Jun 2026 | 3.0× | 9.32% |
| Mar 2026 | 2.7× | 41.03% |
| Dec 2025 | 1.9× | (1.28%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| DKL Delek Logistics Partners, L.P. compare | −34.5× |
| PARR Par Pacific Holdings, Inc. compare | 0.2× |
| PBF PBF Energy Inc. compare | 0.3× |
| WKC World Kinect Corporation compare | 0.5× |
| UGP Ultrapar Participacoes S.A. compare | 1.0× |
| CVI CVR Energy Inc. compare | 1.4× |
| SUN Sunoco LP compare | 1.5× |
| IEP Icahn Enterprises L.P. | 4.1× |
| DK Delek US Holdings, Inc. compare | 7.5× |
| Oil & Gas Refining & Marketing industry median | 0.4× |
| Energy sector median | 0.4× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on IEP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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- The full statement