Icahn 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

5.16 0.18 −3.37%
Market cap
$3.7B
P/E
0.0×
Fwd P/E
18.5×
Dividend yield
38.8%
F-score
4/9
Altman Z
n/a
Beneish M
−2.62
Dividend safety
16/100

Icahn Enterprises L.P. (IEP) Gross margin

Alert me on Gross margin

Icahn Enterprises L.P.'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 17.4 percentage points from fiscal 2025 (17.4%). Over the past ten years it has ranged from −3.22% (fiscal 2020) to 34.9% (fiscal 2017); the current reading is higher than 73% of that period. That is below the Oil & Gas Refining & Marketing industry median of 10.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 17.4% 3.41
FY2024 14.0% (0.72)
FY2023 14.7% (2.96)
FY2022 17.7% 1.32
FY2021 16.3% 19.56
FY2020 −3.22% (11.99)
FY2019 8.77% (14.87)
FY2018 23.6% (11.22)
FY2017 34.9% 27.51
FY2016 7.35% (9.22)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (3.09)
Jun 2026 3.09% 9.16
Mar 2026 −6.07% (26.02)
Dec 2025 20.0% (18.22)
43 more quarters

Against its own ten years

Low −3.22% High 34.9%
Ten-year median 16.3%
Current reading's percentile 73

Gross margin against peers

Company Gross margin
PARR Par Pacific Holdings, Inc. compare 22.2%
DKL Delek Logistics Partners, L.P. compare 17.6%
PBF PBF Energy Inc. compare 15.9%
SUN Sunoco LP compare 10.9%
UGP Ultrapar Participacoes S.A. compare 8.44%
CVI CVR Energy Inc. compare 7.54%
DK Delek US Holdings, Inc. compare 7.12%
WKC World Kinect Corporation compare 2.54%
IEP Icahn Enterprises L.P. 0.00%
Oil & Gas Refining & Marketing industry median 10.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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