Reading the tape
NASDAQ: IEP
Icahn Enterprises L.P.
Industrials · Conglomerates
Market Cap
$5.30B
52w High
$9.99
52w Low
$7.08
P/E
-16.62
Volume
396.81K
Outstanding Shares
637.21M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -5.7%Revenue (TTM): -2.84%FCF (TTM): -218.48%P/E: 0th pct
What changed
The stock fell 5.7% over the last year. Revenue declined 2.84% over the trailing twelve months. Operating margin moved from 1.49% to 3.55%. Free cash flow declined 218.48% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 3.55%. A decisive move in revenue — currently down 2.84% — would be the clearest signal to resolve the ambiguity.
Company profile
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally.
CEOAndrew Teno
SectorIndustrials
IndustryConglomerates
Employees15,037
IPO dateJul 23, 1987
Valuation
Forward P/E—
EV/EBITDA9.89
Enterprise value$7.54B
Price / Book1.94
Stock splits
Nov 13, 2012↑ Forward
Every 10000 shares became 10059
Aug 14, 2012↑ Forward
Every 10000 shares became 10062
May 14, 2012↑ Forward
Every 10000 shares became 10053
Mar 13, 2012↑ Forward
Every 10000 shares became 10063
Jan 5, 2012↑ Forward
Every 10000 shares became 10043
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth5.5%
Gross margin12.02%▼3.61%vs FY2024
Operating margin3.55%▼102.13%vs FY2024
ROE-10.74%▲20.16%vs FY2024
Analyst consensus
RatingBuy
Target price—
1
Buy
0
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.10 · Revenue est $2.33B
View
Dividends
$2.00/shareQuarterlyAt RiskIEP pays a dividend with a 24.02% dividend yield, covered -2.3× by free cash flow.
Dividend Yield
24.02%
Annual Div / Share
$2.00
5yr CAGR
-24.21%
Dividend has been cut
Payout Ratio
—
At Risk
Dividend Growth Rate
3yr CAGR
-37%
5yr CAGR
-24.21%
10yr CAGR
-10.28%
Dividend Safety
0/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.00-33.3%
2024$3.00-40.0%
2023$5.00-37.5%
2022$8.00+0.0%
2021$8.00+0.0%
2020$8.00+0.0%
2019$8.00+10.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$240/yr
$20/mo
In 5 yrs
$240/yr
$20/mo
In 10 yrs
$240/yr
$20/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$240/yr $20/mo | $240/yr $20/mo | $240/yr $20/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -2.27× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -24.21% is negative, indicating the payout has been cut over this period.