IEP

Company Overview — What Does ICAHN ENTERPRISES L.P. Do?

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. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida. ICAHN ENTERPRISES L.P. (IEP) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Automobiles And Trucks industry. The company is led by CEO David Willetts and employs approximately 20,000 people, headquartered in NEW YORK, Florida. With a market capitalization of $4.9B, IEP is one of the notable companies in the Consumer Discretionary sector.

ICAHN ENTERPRISES L.P. (IEP) Stock Rating — Reduce (April 2026)

As of April 2026, ICAHN ENTERPRISES L.P. receives a Reduce rating with a composite score of 31.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.IEP ranks #3,572 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, ICAHN ENTERPRISES L.P. ranks #370 of 442 stocks, placing it in the lower half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

IEP Stock Price and 52-Week Range

ICAHN ENTERPRISES L.P. (IEP) currently trades at $7.61. The stock lost $0.09 (1.2%) in the most recent trading session. The 52-week high for IEP is $9.99, which means the stock is currently trading -23.8% from its annual peak. The 52-week low is $7.08, putting the stock 7.5% above its annual trough. Recent trading volume was 614K shares, suggesting relatively thin trading activity.

Is IEP Overvalued or Undervalued? — Valuation Analysis

ICAHN ENTERPRISES L.P. (IEP) carries a value factor score of 26/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 2.78x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 89%. The price-to-book ratio stands at 1.44x, versus the sector average of 1.99x. The price-to-sales ratio is 0.51x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, IEP trades at 2.26x EV/EBITDA, versus 4.91x for the sector.

At current multiples, ICAHN ENTERPRISES L.P. trades at a premium to most Consumer Discretionary peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

ICAHN ENTERPRISES L.P. Profitability — ROE, Margins, and Quality Score

ICAHN ENTERPRISES L.P. (IEP) earns a quality factor score of 30/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -8.5%, compared to the Consumer Discretionary sector average of 6.2%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -2.0% versus the sector average of 2.5%.

On a margin basis, ICAHN ENTERPRISES L.P. reports gross margins of -0.8%, compared to 36.9% for the sector. The operating margin is -5.8% (sector: 3.8%). Net profit margin stands at -5.5%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 23.8% on a trailing basis, compared to 3.3% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

IEP Debt, Balance Sheet, and Financial Health

ICAHN ENTERPRISES L.P. has a debt-to-equity ratio of 315.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.32x, suggesting adequate working capital coverage. Total debt on the balance sheet is $6.69B. Cash and equivalents stand at $1.79B.

IEP has a beta of 0.70, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for ICAHN ENTERPRISES L.P. is 68/100, reflecting average volatility within the normal range for its sector.

ICAHN ENTERPRISES L.P. Revenue and Earnings History — Quarterly Trend

In TTM 2026, ICAHN ENTERPRISES L.P. reported revenue of $9.64B. Net income for the quarter was $-290M. Gross margin was -0.8%. Operating income came in at $-282M.

In FY 2025, ICAHN ENTERPRISES L.P. reported revenue of $9.66B. Net income for the quarter was $-326M. Revenue grew -3.6% year-over-year compared to FY 2024. Operating income came in at $-345M.

In Q3 2025, ICAHN ENTERPRISES L.P. reported revenue of $2.73B. Net income for the quarter was $411M. Revenue grew -2.4% year-over-year compared to Q3 2024. Operating income came in at $538M.

In Q2 2025, ICAHN ENTERPRISES L.P. reported revenue of $2.25B and earnings per share (EPS) of $-0.30. Net income for the quarter was $-201M. Gross margin was -0.8%. Revenue grew 2.4% year-over-year compared to Q2 2024. Operating income came in at $-233M.

Over the past 8 quarters, ICAHN ENTERPRISES L.P. has demonstrated a growth trajectory, with revenue expanding from $2.20B to $9.64B. Investors analyzing IEP stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

IEP Dividend Yield and Income Analysis

ICAHN ENTERPRISES L.P. (IEP) currently pays a dividend yield of 25.2%. At this yield, a $10,000 investment in IEP stock would generate approximately $$2519.00 in annual dividend income.

IEP Momentum and Technical Analysis Profile

ICAHN ENTERPRISES L.P. (IEP) has a momentum factor score of 36/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 1/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

IEP vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, ICAHN ENTERPRISES L.P. (IEP) ranks #370 out of 442 stocks based on the Blank Capital composite score. This places IEP in the lower half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing IEP against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full IEP vs S&P 500 (SPY) comparison to assess how ICAHN ENTERPRISES L.P. stacks up against the broader market across all factor dimensions.

IEP Next Earnings Date

No upcoming earnings date has been announced for ICAHN ENTERPRISES L.P. (IEP) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy IEP? — Investment Thesis Summary

The quantitative profile for ICAHN ENTERPRISES L.P. suggests caution. The quality score of 30/100 flags below-average profitability. The value score of 26/100 indicates premium valuation. Momentum is weak at 36/100, a headwind for near-term performance. Low volatility (stability score 68/100) reduces downside risk.

In summary, ICAHN ENTERPRISES L.P. (IEP) earns a Reduce rating with a composite score of 31.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on IEP stock.

Related Resources for IEP Investors

Explore more research and tools: IEP vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare IEP head-to-head with peers: IEP vs MCRI, IEP vs CASY, IEP vs IMKTA.