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Side-by-side financial comparison of Albemarle Corporation (ALB) 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 $1.4B, roughly 1.9× Albemarle Corporation). ICAHN ENTERPRISES L.P. runs the higher net margin — 0.0% vs -29.0%, a 29.0% gap on every dollar of revenue. On growth, Albemarle Corporation posted the faster year-over-year revenue change (15.9% vs 5.4%). Albemarle Corporation produced more free cash flow last quarter ($233.1M vs $-496.0M). Over the past eight quarters, ICAHN ENTERPRISES L.P.'s revenue compounded faster (4.5% CAGR vs 2.4%).

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers...

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.

ALB vs IEP — Head-to-Head

Bigger by revenue
IEP
IEP
1.9× larger
IEP
$2.7B
$1.4B
ALB
Growing faster (revenue YoY)
ALB
ALB
+10.6% gap
ALB
15.9%
5.4%
IEP
Higher net margin
IEP
IEP
29.0% more per $
IEP
0.0%
-29.0%
ALB
More free cash flow
ALB
ALB
$729.1M more FCF
ALB
$233.1M
$-496.0M
IEP
Faster 2-yr revenue CAGR
IEP
IEP
Annualised
IEP
4.5%
2.4%
ALB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALB
ALB
IEP
IEP
Revenue
$1.4B
$2.7B
Net Profit
$-414.2M
$1.0M
Gross Margin
13.9%
Operating Margin
-15.2%
0.6%
Net Margin
-29.0%
0.0%
Revenue YoY
15.9%
5.4%
Net Profit YoY
-650.1%
101.0%
EPS (diluted)
$-3.88

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
ALB
ALB
IEP
IEP
Q4 25
$1.4B
$2.7B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.4B
Q1 25
$1.1B
$1.9B
Q4 24
$1.2B
$2.6B
Q3 24
$1.4B
$2.8B
Q2 24
$1.4B
$2.2B
Q1 24
$1.4B
$2.5B
Net Profit
ALB
ALB
IEP
IEP
Q4 25
$-414.2M
$1.0M
Q3 25
$-160.7M
$287.0M
Q2 25
$22.9M
$-165.0M
Q1 25
$41.3M
$-422.0M
Q4 24
$75.3M
$-98.0M
Q3 24
$-1.1B
$22.0M
Q2 24
$-188.2M
$-331.0M
Q1 24
$2.4M
$-38.0M
Gross Margin
ALB
ALB
IEP
IEP
Q4 25
13.9%
Q3 25
9.0%
Q2 25
14.8%
Q1 25
14.5%
Q4 24
11.2%
Q3 24
-7.7%
Q2 24
-0.7%
Q1 24
2.9%
Operating Margin
ALB
ALB
IEP
IEP
Q4 25
-15.2%
0.6%
Q3 25
-16.6%
19.7%
Q2 25
3.6%
-10.4%
Q1 25
1.8%
-35.0%
Q4 24
0.4%
-5.2%
Q3 24
-81.9%
2.4%
Q2 24
-34.4%
-21.9%
Q1 24
-13.2%
-0.8%
Net Margin
ALB
ALB
IEP
IEP
Q4 25
-29.0%
0.0%
Q3 25
-12.3%
10.5%
Q2 25
1.7%
-7.0%
Q1 25
3.8%
-22.6%
Q4 24
6.1%
-3.8%
Q3 24
-78.9%
0.8%
Q2 24
-13.2%
-15.0%
Q1 24
0.2%
-1.5%
EPS (diluted)
ALB
ALB
IEP
IEP
Q4 25
$-3.88
Q3 25
$-1.72
Q2 25
$-0.16
Q1 25
$0.00
Q4 24
$0.29
Q3 24
$-9.45
Q2 24
$-1.96
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
ALB
ALB
IEP
IEP
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$9.5B
Total Assets
$16.4B
$14.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALB
ALB
IEP
IEP
Q4 25
$1.4B
Q3 25
$1.9B
$1.8B
Q2 25
$1.8B
$1.8B
Q1 25
$1.5B
$2.2B
Q4 24
$1.2B
$2.6B
Q3 24
$1.7B
$2.3B
Q2 24
$1.8B
$2.2B
Q1 24
$2.1B
$2.5B
Total Debt
ALB
ALB
IEP
IEP
Q4 25
$3.2B
Q3 25
$3.6B
Q2 25
$3.6B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.6B
Q2 24
$3.5B
Q1 24
$3.5B
Stockholders' Equity
ALB
ALB
IEP
IEP
Q4 25
$9.5B
Q3 25
$10.0B
Q2 25
$10.2B
Q1 25
$10.0B
Q4 24
$10.0B
Q3 24
$10.2B
Q2 24
$11.2B
Q1 24
$11.5B
Total Assets
ALB
ALB
IEP
IEP
Q4 25
$16.4B
$14.2B
Q3 25
$17.1B
$14.8B
Q2 25
$17.3B
$14.8B
Q1 25
$17.0B
$15.5B
Q4 24
$16.6B
$16.3B
Q3 24
$17.5B
$17.4B
Q2 24
$18.4B
$18.0B
Q1 24
$19.0B
$20.1B
Debt / Equity
ALB
ALB
IEP
IEP
Q4 25
0.33×
Q3 25
0.36×
Q2 25
0.35×
Q1 25
0.35×
Q4 24
0.35×
Q3 24
0.35×
Q2 24
0.31×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
ALB
ALB
IEP
IEP
Operating Cash FlowLast quarter
$388.5M
$-421.0M
Free Cash FlowOCF − Capex
$233.1M
$-496.0M
FCF MarginFCF / Revenue
16.3%
-18.4%
Capex IntensityCapex / Revenue
10.9%
2.8%
Cash ConversionOCF / Net Profit
-421.00×
TTM Free Cash FlowTrailing 4 quarters
$692.5M
$-654.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALB
ALB
IEP
IEP
Q4 25
$388.5M
$-421.0M
Q3 25
$355.6M
$15.0M
Q2 25
$-7.2M
$275.0M
Q1 25
$545.4M
$-182.0M
Q4 24
$674.0K
$244.0M
Q3 24
$240.5M
$-54.0M
Q2 24
$362.9M
$893.0M
Q1 24
$98.0M
$-251.0M
Free Cash Flow
ALB
ALB
IEP
IEP
Q4 25
$233.1M
$-496.0M
Q3 25
$223.4M
$-67.0M
Q2 25
$-126.8M
$179.0M
Q1 25
$362.8M
$-270.0M
Q4 24
$-355.1M
$156.0M
Q3 24
$-62.6M
$-112.0M
Q2 24
$-84.7M
$827.0M
Q1 24
$-481.4M
$-319.0M
FCF Margin
ALB
ALB
IEP
IEP
Q4 25
16.3%
-18.4%
Q3 25
17.1%
-2.5%
Q2 25
-9.5%
7.6%
Q1 25
33.7%
-14.5%
Q4 24
-28.8%
6.1%
Q3 24
-4.6%
-4.0%
Q2 24
-5.9%
37.6%
Q1 24
-35.4%
-12.9%
Capex Intensity
ALB
ALB
IEP
IEP
Q4 25
10.9%
2.8%
Q3 25
10.1%
3.0%
Q2 25
9.0%
4.1%
Q1 25
17.0%
4.7%
Q4 24
28.9%
3.4%
Q3 24
22.4%
2.1%
Q2 24
31.3%
3.0%
Q1 24
42.6%
2.8%
Cash Conversion
ALB
ALB
IEP
IEP
Q4 25
-421.00×
Q3 25
0.05×
Q2 25
-0.31×
Q1 25
13.19×
Q4 24
0.01×
Q3 24
-2.45×
Q2 24
Q1 24
40.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALB
ALB

Energy Storage$759.1M53%
Specialties$348.9M24%
Ketjen$320.1M22%

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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