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) Operating margin

Alert me on Operating margin

Icahn Enterprises L.P.'s operating margin over the twelve months to 30 September 2026 was 0.00%, down 2.5 percentage points from fiscal 2025 (2.53%). Over the past ten years it has ranged from −30.6% (fiscal 2020) to 20.7% (fiscal 2017); the current reading is higher than 73% of that period. That is below the Oil & Gas Refining & Marketing industry median of 7.14% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 2.53% 2.38
FY2024 0.15% (0.87)
FY2023 1.02% (3.73)
FY2022 4.75% 3.93
FY2021 0.82% 31.44
FY2020 −30.6% (18.23)
FY2019 −12.4% (19.69)
FY2018 7.30% (13.40)
FY2017 20.7% 35.47
FY2016 −14.8% (14.64)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 0.00% 8.67
Jun 2026 −8.67% 13.27
Mar 2026 −21.9% (28.73)
Dec 2025 6.79% (17.87)
43 more quarters

Against its own ten years

Low −30.6% High 20.7%
Ten-year median 0.82%
Current reading's percentile 73

Operating margin against peers

Company Operating margin
DKL Delek Logistics Partners, L.P. compare 15.3%
PARR Par Pacific Holdings, Inc. compare 13.2%
PBF PBF Energy Inc. compare 9.78%
CVI CVR Energy Inc. compare 5.72%
UGP Ultrapar Participacoes S.A. compare 4.95%
DK Delek US Holdings, Inc. compare 4.84%
SUN Sunoco LP compare 4.60%
IEP Icahn Enterprises L.P. 0.00%
WKC World Kinect Corporation compare −0.10%
Oil & Gas Refining & Marketing industry median 7.14%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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