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Side-by-side financial comparison of Agilent Technologies (A) and ICAHN ENTERPRISES L.P. (IEP). Click either name above to swap in a different company.

ICAHN ENTERPRISES L.P. is the larger business by last-quarter revenue ($2.7B vs $1.8B, roughly 1.5× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 0.0%, a 16.9% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 5.4%). Agilent Technologies produced more free cash flow last quarter ($175.0M vs $-496.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 4.5%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

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.

A vs IEP — Head-to-Head

Bigger by revenue
IEP
IEP
1.5× larger
IEP
$2.7B
$1.8B
A
Growing faster (revenue YoY)
A
A
+1.6% gap
A
7.0%
5.4%
IEP
Higher net margin
A
A
16.9% more per $
A
17.0%
0.0%
IEP
More free cash flow
A
A
$671.0M more FCF
A
$175.0M
$-496.0M
IEP
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
4.5%
IEP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
IEP
IEP
Revenue
$1.8B
$2.7B
Net Profit
$305.0M
$1.0M
Gross Margin
52.6%
Operating Margin
19.6%
0.6%
Net Margin
17.0%
0.0%
Revenue YoY
7.0%
5.4%
Net Profit YoY
-4.1%
101.0%
EPS (diluted)
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
IEP
IEP
Q1 26
$1.8B
Q4 25
$1.9B
$2.7B
Q3 25
$1.7B
$2.7B
Q2 25
$1.7B
$2.4B
Q1 25
$1.7B
$1.9B
Q4 24
$1.7B
$2.6B
Q3 24
$1.6B
$2.8B
Q2 24
$1.6B
$2.2B
Net Profit
A
A
IEP
IEP
Q1 26
$305.0M
Q4 25
$434.0M
$1.0M
Q3 25
$336.0M
$287.0M
Q2 25
$215.0M
$-165.0M
Q1 25
$318.0M
$-422.0M
Q4 24
$351.0M
$-98.0M
Q3 24
$282.0M
$22.0M
Q2 24
$308.0M
$-331.0M
Gross Margin
A
A
IEP
IEP
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
IEP
IEP
Q1 26
19.6%
Q4 25
23.8%
0.6%
Q3 25
20.7%
19.7%
Q2 25
18.0%
-10.4%
Q1 25
22.4%
-35.0%
Q4 24
24.0%
-5.2%
Q3 24
21.1%
2.4%
Q2 24
23.1%
-21.9%
Net Margin
A
A
IEP
IEP
Q1 26
17.0%
Q4 25
23.3%
0.0%
Q3 25
19.3%
10.5%
Q2 25
12.9%
-7.0%
Q1 25
18.9%
-22.6%
Q4 24
20.6%
-3.8%
Q3 24
17.9%
0.8%
Q2 24
19.6%
-15.0%
EPS (diluted)
A
A
IEP
IEP
Q1 26
$1.07
Q4 25
$1.53
Q3 25
$1.18
Q2 25
$0.75
Q1 25
$1.11
Q4 24
$1.23
Q3 24
$0.97
Q2 24
$1.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
IEP
IEP
Cash + ST InvestmentsLiquidity on hand
$1.8B
$1.4B
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$6.9B
Total Assets
$12.8B
$14.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
IEP
IEP
Q1 26
$1.8B
Q4 25
$1.8B
$1.4B
Q3 25
$1.5B
$1.8B
Q2 25
$1.5B
$1.8B
Q1 25
$1.5B
$2.2B
Q4 24
$1.3B
$2.6B
Q3 24
$1.8B
$2.3B
Q2 24
$1.7B
$2.2B
Total Debt
A
A
IEP
IEP
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
IEP
IEP
Q1 26
$6.9B
Q4 25
$6.7B
Q3 25
$6.4B
Q2 25
$6.1B
Q1 25
$6.0B
Q4 24
$5.9B
Q3 24
$5.9B
Q2 24
$6.2B
Total Assets
A
A
IEP
IEP
Q1 26
$12.8B
Q4 25
$12.7B
$14.2B
Q3 25
$12.2B
$14.8B
Q2 25
$12.2B
$14.8B
Q1 25
$11.9B
$15.5B
Q4 24
$11.8B
$16.3B
Q3 24
$11.0B
$17.4B
Q2 24
$10.9B
$18.0B
Debt / Equity
A
A
IEP
IEP
Q1 26
0.44×
Q4 25
0.45×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
IEP
IEP
Operating Cash FlowLast quarter
$268.0M
$-421.0M
Free Cash FlowOCF − Capex
$175.0M
$-496.0M
FCF MarginFCF / Revenue
9.7%
-18.4%
Capex IntensityCapex / Revenue
5.2%
2.8%
Cash ConversionOCF / Net Profit
0.88×
-421.00×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$-654.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
IEP
IEP
Q1 26
$268.0M
Q4 25
$545.0M
$-421.0M
Q3 25
$362.0M
$15.0M
Q2 25
$221.0M
$275.0M
Q1 25
$431.0M
$-182.0M
Q4 24
$481.0M
$244.0M
Q3 24
$452.0M
$-54.0M
Q2 24
$333.0M
$893.0M
Free Cash Flow
A
A
IEP
IEP
Q1 26
$175.0M
Q4 25
$452.0M
$-496.0M
Q3 25
$259.0M
$-67.0M
Q2 25
$107.0M
$179.0M
Q1 25
$334.0M
$-270.0M
Q4 24
$388.0M
$156.0M
Q3 24
$360.0M
$-112.0M
Q2 24
$230.0M
$827.0M
FCF Margin
A
A
IEP
IEP
Q1 26
9.7%
Q4 25
24.3%
-18.4%
Q3 25
14.9%
-2.5%
Q2 25
6.4%
7.6%
Q1 25
19.9%
-14.5%
Q4 24
22.8%
6.1%
Q3 24
22.8%
-4.0%
Q2 24
14.6%
37.6%
Capex Intensity
A
A
IEP
IEP
Q1 26
5.2%
Q4 25
5.0%
2.8%
Q3 25
5.9%
3.0%
Q2 25
6.8%
4.1%
Q1 25
5.8%
4.7%
Q4 24
5.5%
3.4%
Q3 24
5.8%
2.1%
Q2 24
6.5%
3.0%
Cash Conversion
A
A
IEP
IEP
Q1 26
0.88×
Q4 25
1.26×
-421.00×
Q3 25
1.08×
0.05×
Q2 25
1.03×
Q1 25
1.36×
Q4 24
1.37×
Q3 24
1.60×
-2.45×
Q2 24
1.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

IEP
IEP

Public Utilities Inventory Petroleum Products$1.6B61%
Other$381.0M14%
Automotive Services$345.0M13%
Nitrogen Fertilizer Products$131.0M5%
Food Packaging Segment$82.0M3%
Home Fashion Segment$45.0M2%
Renewable Products$32.0M1%
Pharma Segment$23.0M1%
Holding Company$11.0M0%

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