ICAHN ENTERPRISES L.P.IEPEarnings & Financial Report
Icahn Enterprises L.P. is an American publicly traded master limited partnership and conglomerate headquartered at Milton Tower in Sunny Isles Beach, Florida. The company has investments in various industries including energy, automotive, food packaging, metals, real estate and home fashion. The company is controlled by Carl Icahn, who owns 86 percent of it.
Revenue
$2.5B
Gross Profit
N/A
Operating Profit
$-19.0M
Net Profit
$-38.0M
Gross Margin
N/A
Operating Margin
-0.8%
Net Margin
-1.5%
YoY Growth
-6.6%
ICAHN ENTERPRISES L.P. Q1 FY2024 Financial Summary
ICAHN ENTERPRISES L.P. reported revenue of $2.5B (down 6.6% YoY) for Q1 FY2024, with a net profit of $-38.0M (up 85.9% YoY) (-1.5% margin).
Key Financial Metrics
| Total Revenue | $2.5B |
|---|---|
| Net Profit | $-38.0M |
| Gross Margin | N/A |
| Operating Margin | -0.8% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
ICAHN ENTERPRISES L.P. Q1 FY2024 revenue of $2.5B breaks down across 8 segments, led by Public Utilities Inventory Petroleum Products at $1.7B (70.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Public Utilities Inventory Petroleum Products | $1.7B | 70.3% |
| Automotiveservicesrevenue | $356.0M | 14.4% |
| Other | $248.0M | 10.0% |
| Food Packaging Segment | $101.0M | 4.1% |
| Automotiveparts | $13.0M | 0.5% |
| Investment Segment | $9.0M | 0.4% |
| Energy Segment | $5.0M | 0.2% |
| Real Estate Segment | $1.0M | 0.0% |
ICAHN ENTERPRISES L.P. Revenue by Segment — Quarterly Trend
ICAHN ENTERPRISES L.P. revenue by segment across the last 4 reported quarters, showing how each business line (such as Public Utilities Inventory Petroleum Products and Automotiveservicesrevenue) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Public Utilities Inventory Petroleum Products | $1.6B | $1.7B | $1.6B | $1.5B |
| Other | $381.0M | $683.0M | $306.0M | — |
| Food Packaging Segment | $82.0M | — | — | — |
ICAHN ENTERPRISES L.P. Annual Revenue by Year
ICAHN ENTERPRISES L.P. annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.7B |
| 2024 | $10.0B |
| 2023 | $10.9B |
| 2022 | $14.2B |
ICAHN ENTERPRISES L.P. Quarterly Revenue & Net Profit History
ICAHN ENTERPRISES L.P. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.7B | +5.4% | $1.0M | 0.0% |
| Q3 FY2025 | $2.7B | -2.4% | $287.0M | 10.5% |
| Q2 FY2025 | $2.4B | +7.6% | $-165.0M | -7.0% |
| Q1 FY2025 | $1.9B | -24.4% | $-422.0M | -22.6% |
| Q4 FY2024 | $2.6B | -4.4% | $-98.0M | -3.8% |
| Q3 FY2024 | $2.8B | -6.6% | $22.0M | 0.8% |
| Q2 FY2024 | $2.2B | -13.3% | $-331.0M | -15.0% |
| Q1 FY2024 | $2.5B | -6.6% | $-38.0M | -1.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.47B | $2.20B | $2.79B | $2.56B | $1.87B | $2.37B | $2.73B | $2.70B |
| YoY Growth | -6.6% | -13.3% | -6.6% | -4.4% | -24.4% | 7.6% | -2.4% | 5.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $20.06B | $17.99B | $17.44B | $16.28B | $15.48B | $14.84B | $14.83B | $14.21B |
| Liabilities | $14.44B | $12.60B | $12.62B | $11.66B | $11.74B | $11.42B | $11.41B | $10.79B |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-251.0M | $893.0M | $-54.0M | $244.0M | $-182.0M | $275.0M | $15.0M | $-421.0M |