Icahn Enterprises L.P. (IEP) Financial Statements
Industry: Petroleum Refining
In fiscal 2025, Icahn Enterprises reported revenue of $9.66B, down 3.6% from $10.02B the year before. Net income was -$299.0M (a -3.1% net margin). Gross margin was -3.6% and operating margin was -12.2%. Operating activities generated -$313.0M of cash, leaving -$654.0M of free cash flow. At fiscal year end, Icahn Enterprises held $14.21B in total assets against $10.79B in total liabilities, including $1.45B of cash and equivalents.
Open the full interactive Icahn Enterprises financials → Quarterly statements, key ratios, valuation history and price charts.
Icahn Enterprises Key Stats
| Share Price | $6.71 |
|---|---|
| Revenue YoY Growth | -3.6% |
| 52-Week Range | $5.96 – $7.32 |
| Shares Outstanding | 126.0 million (basic, 2015 Q4) |
Icahn Enterprises Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.12B | $11.33B | $14.10B | $10.85B | $10.02B | $9.66B |
| Cost of Goods Sold | $8.71B | $11.91B | $14.09B | $11.77B | $10.59B | $10.00B |
| Gross Profit | -$2.58B | -$578.0M | $9.0M | -$922.0M | -$567.0M | -$345.0M |
| Operating Income | -$3.77B | -$1.82B | -$1.24B | -$1.77B | -$1.35B | -$1.18B |
| Pre-Tax Income | -$2.58B | -$578.0M | $9.0M | -$922.0M | -$567.0M | -$345.0M |
| Income Tax | -$116.0M | -$78.0M | $34.0M | $90.0M | -$25.0M | -$19.0M |
| Net Income | -$1.65B | -$518.0M | -$183.0M | -$684.0M | -$445.0M | -$299.0M |
Icahn Enterprises Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.73B | $2.70B | $2.21B | $2.98B |
| Net Income | $287.0M | $1.0M | -$459.0M | -$355.0M |
Icahn Enterprises Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.70B | $2.32B | $2.34B | $2.95B | $2.60B | $1.45B |
| Total Assets | $24.99B | $27.75B | $27.91B | $20.86B | $16.28B | $14.21B |
| Total Long-Term Debt | $8.06B | $7.69B | $7.10B | $7.21B | $6.81B | $6.62B |
| Total Liabilities | $15.73B | $18.40B | $18.36B | $14.79B | $11.66B | $10.79B |
| Shareholders' Equity | $9.26B | $9.34B | $9.56B | $6.07B | $4.62B | $3.43B |
Icahn Enterprises Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$416.0M | $321.0M | $1.05B | $3.74B | $832.0M | -$313.0M |
| Cash From Investing | -$581.0M | $528.0M | -$260.0M | -$290.0M | -$215.0M | -$402.0M |
| Cash From Financing | -$653.0M | $293.0M | -$344.0M | -$2.38B | -$1.32B | -$1.10B |
| Free Cash Flow | -$615.0M | $16.0M | $717.0M | $3.43B | $552.0M | -$654.0M |
| Dividends Paid | $526.0M | — | — | — | — | — |
Figures from Icahn Enterprises' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Icahn Enterprises financials page for every line item.
Icahn Enterprises Company Profile
| Ticker | IEP |
|---|---|
| Exchange | Nasdaq |
| Industry | Petroleum Refining |
| Headquarters | Sunny Isles Beach, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000813762 |
Frequently Asked Questions
What was Icahn Enterprises' revenue in fiscal 2025?
Icahn Enterprises (IEP) reported revenue of $9.66B for fiscal 2025.
What is Icahn Enterprises' annual revenue history?
Icahn Enterprises' annual revenue by fiscal year: 2020: $6.12B; 2021: $11.33B; 2022: $14.10B; 2023: $10.85B; 2024: $10.02B; 2025: $9.66B.
What was Icahn Enterprises' net income in fiscal 2025?
Icahn Enterprises reported net income of -$299.0M for fiscal 2025.
How much free cash flow did Icahn Enterprises generate in fiscal 2025?
Icahn Enterprises generated -$654.0M of free cash flow in fiscal 2025.
What was Icahn Enterprises' revenue last quarter?
In its most recent reported quarter (2026 Q2), Icahn Enterprises reported revenue of $2.98B.
How much debt does Icahn Enterprises have?
Icahn Enterprises reported $6.62B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Icahn Enterprises are outstanding?
Icahn Enterprises reported a weighted average of 126.0 million basic shares outstanding in 2015 Q4.
When does Icahn Enterprises' fiscal year end?
Icahn Enterprises' fiscal year end, as registered with the SEC, is December 31.
Where is Icahn Enterprises headquartered?
Icahn Enterprises lists its business address in Sunny Isles Beach, Florida in its SEC filings.