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

Adient plc is the larger business by last-quarter revenue ($3.6B vs $2.7B, roughly 1.4× ICAHN ENTERPRISES L.P.). ICAHN ENTERPRISES L.P. runs the higher net margin — 0.0% vs -0.6%, a 0.6% gap on every dollar of revenue. On growth, ICAHN ENTERPRISES L.P. posted the faster year-over-year revenue change (5.4% vs 4.3%). Adient plc produced more free cash flow last quarter ($15.0M vs $-496.0M). Over the past eight quarters, ICAHN ENTERPRISES L.P.'s revenue compounded faster (4.5% CAGR vs -1.4%).

Adient plc is an American, Irish-domiciled company that operates as the largest manufacturer of automotive seating for customers worldwide and is based in Plymouth, Michigan, United States.

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.

ADNT vs IEP — Head-to-Head

Bigger by revenue
ADNT
ADNT
1.4× larger
ADNT
$3.6B
$2.7B
IEP
Growing faster (revenue YoY)
IEP
IEP
+1.1% gap
IEP
5.4%
4.3%
ADNT
Higher net margin
IEP
IEP
0.6% more per $
IEP
0.0%
-0.6%
ADNT
More free cash flow
ADNT
ADNT
$511.0M more FCF
ADNT
$15.0M
$-496.0M
IEP
Faster 2-yr revenue CAGR
IEP
IEP
Annualised
IEP
4.5%
-1.4%
ADNT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ADNT
ADNT
IEP
IEP
Revenue
$3.6B
$2.7B
Net Profit
$-22.0M
$1.0M
Gross Margin
6.0%
Operating Margin
1.1%
0.6%
Net Margin
-0.6%
0.0%
Revenue YoY
4.3%
5.4%
Net Profit YoY
101.0%
EPS (diluted)
$-0.28

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
ADNT
ADNT
IEP
IEP
Q4 25
$3.6B
$2.7B
Q3 25
$3.7B
$2.7B
Q2 25
$3.7B
$2.4B
Q1 25
$3.6B
$1.9B
Q4 24
$3.5B
$2.6B
Q3 24
$3.6B
$2.8B
Q2 24
$3.7B
$2.2B
Q1 24
$3.8B
$2.5B
Net Profit
ADNT
ADNT
IEP
IEP
Q4 25
$-22.0M
$1.0M
Q3 25
$18.0M
$287.0M
Q2 25
$36.0M
$-165.0M
Q1 25
$-335.0M
$-422.0M
Q4 24
$0
$-98.0M
Q3 24
$79.0M
$22.0M
Q2 24
$-11.0M
$-331.0M
Q1 24
$-70.0M
$-38.0M
Gross Margin
ADNT
ADNT
IEP
IEP
Q4 25
6.0%
Q3 25
6.7%
Q2 25
6.3%
Q1 25
7.2%
Q4 24
6.2%
Q3 24
6.9%
Q2 24
5.6%
Q1 24
6.1%
Operating Margin
ADNT
ADNT
IEP
IEP
Q4 25
1.1%
0.6%
Q3 25
1.7%
19.7%
Q2 25
1.8%
-10.4%
Q1 25
-7.3%
-35.0%
Q4 24
1.3%
-5.2%
Q3 24
1.8%
2.4%
Q2 24
1.2%
-21.9%
Q1 24
-1.1%
-0.8%
Net Margin
ADNT
ADNT
IEP
IEP
Q4 25
-0.6%
0.0%
Q3 25
0.5%
10.5%
Q2 25
1.0%
-7.0%
Q1 25
-9.3%
-22.6%
Q4 24
-3.8%
Q3 24
2.2%
0.8%
Q2 24
-0.3%
-15.0%
Q1 24
-1.9%
-1.5%
EPS (diluted)
ADNT
ADNT
IEP
IEP
Q4 25
$-0.28
Q3 25
$0.17
Q2 25
$0.43
Q1 25
$-3.99
Q4 24
$0.00
Q3 24
$0.88
Q2 24
$-0.12
Q1 24
$-0.77

Balance Sheet & Financial Strength

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

Metric
ADNT
ADNT
IEP
IEP
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$1.7B
Total Assets
$8.8B
$14.2B
Debt / EquityLower = less leverage
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADNT
ADNT
IEP
IEP
Q4 25
$1.4B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$2.2B
Q4 24
$2.6B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.5B
Total Debt
ADNT
ADNT
IEP
IEP
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Stockholders' Equity
ADNT
ADNT
IEP
IEP
Q4 25
$1.7B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.9B
Q3 24
$2.1B
Q2 24
$1.9B
Q1 24
$2.1B
Total Assets
ADNT
ADNT
IEP
IEP
Q4 25
$8.8B
$14.2B
Q3 25
$9.0B
$14.8B
Q2 25
$8.8B
$14.8B
Q1 25
$8.6B
$15.5B
Q4 24
$8.5B
$16.3B
Q3 24
$9.4B
$17.4B
Q2 24
$9.1B
$18.0B
Q1 24
$9.3B
$20.1B
Debt / Equity
ADNT
ADNT
IEP
IEP
Q4 25
1.37×
Q3 25
1.35×
Q2 25
1.34×
Q1 25
1.44×
Q4 24
1.28×
Q3 24
1.12×
Q2 24
1.24×
Q1 24
1.16×

Cash Flow & Capital Efficiency

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

Metric
ADNT
ADNT
IEP
IEP
Operating Cash FlowLast quarter
$80.0M
$-421.0M
Free Cash FlowOCF − Capex
$15.0M
$-496.0M
FCF MarginFCF / Revenue
0.4%
-18.4%
Capex IntensityCapex / Revenue
1.8%
2.8%
Cash ConversionOCF / Net Profit
-421.00×
TTM Free Cash FlowTrailing 4 quarters
$174.0M
$-654.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADNT
ADNT
IEP
IEP
Q4 25
$80.0M
$-421.0M
Q3 25
$213.0M
$15.0M
Q2 25
$172.0M
$275.0M
Q1 25
$-45.0M
$-182.0M
Q4 24
$109.0M
$244.0M
Q3 24
$263.0M
$-54.0M
Q2 24
$158.0M
$893.0M
Q1 24
$81.0M
$-251.0M
Free Cash Flow
ADNT
ADNT
IEP
IEP
Q4 25
$15.0M
$-496.0M
Q3 25
$134.0M
$-67.0M
Q2 25
$115.0M
$179.0M
Q1 25
$-90.0M
$-270.0M
Q4 24
$45.0M
$156.0M
Q3 24
$191.0M
$-112.0M
Q2 24
$88.0M
$827.0M
Q1 24
$12.0M
$-319.0M
FCF Margin
ADNT
ADNT
IEP
IEP
Q4 25
0.4%
-18.4%
Q3 25
3.6%
-2.5%
Q2 25
3.1%
7.6%
Q1 25
-2.5%
-14.5%
Q4 24
1.3%
6.1%
Q3 24
5.4%
-4.0%
Q2 24
2.4%
37.6%
Q1 24
0.3%
-12.9%
Capex Intensity
ADNT
ADNT
IEP
IEP
Q4 25
1.8%
2.8%
Q3 25
2.1%
3.0%
Q2 25
1.5%
4.1%
Q1 25
1.2%
4.7%
Q4 24
1.8%
3.4%
Q3 24
2.0%
2.1%
Q2 24
1.9%
3.0%
Q1 24
1.8%
2.8%
Cash Conversion
ADNT
ADNT
IEP
IEP
Q4 25
-421.00×
Q3 25
11.83×
0.05×
Q2 25
4.78×
Q1 25
Q4 24
Q3 24
3.33×
-2.45×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADNT
ADNT

Segment breakdown not available.

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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