Icahn Enterprises L.P. (IEP) AI Stock Analysis

Icahn Enterprises L.P. operates a diversified portfolio across the United States and internationally. Its Investment segment deploys proprietary capital through private investment funds, while the Energy segment refines transportation fuels and produces nitrogen fertilizers. The Automotive division handles retail and wholesale distribution of parts along with repair and maintenance services. The Food Packaging segment manufactures casings for processed meats, and the Real Estate arm leases properties, builds homes, and operates resorts and clubs. Additionally, the Home Fashion segment markets consumer home products, and the Pharma segment provides pharmaceutical products and services.

Revenue reached $9.41B in FY2025, down 7.5% from $10.17B in FY2024 and below the $14.42B reported in FY2022. Gross margin contracted to 8.9% in FY2025 from 19.0% in FY2021, while operating margin slipped to -0.0%. Net losses were recorded in each of the last five fiscal years, including -$293.0M in FY2025 and -$436.0M in FY2024, yielding an FY2025 EPS of -$0.60. For the latest quarter ended June 30, 2026, quarterly revenue grew 25.7% year-over-year, and quarterly earnings grew 959.6%.

As of June 30, 2026, Icahn Enterprises held $3.19B in cash and short-term investments against total debt of $7.84B, resulting in net debt of $4.65B. Shareholders' equity stood at $1.81B, with a debt-to-equity ratio of 4.32 and a current ratio of 1.56. During FY2025, operating cash flow was -$313.0M and free cash flow was -$654.0M. The partnership utilized cash for $341.0M in capital expenditures and paid $288.0M in dividends during FY2025.

At $6.65 per share, Icahn Enterprises has a market capitalization of $4.73B and an enterprise value of $8.71B. The stock trades at a forward P/E of 28.8x, compared to the US-listed Energy median of 12.7x, and an EV/EBITDA of 13.4x versus the peer median of 8.0x. Its price-to-sales ratio is 0.5x, below the peer group median of 1.8x. Over the past year, the stock returned 6.1%, trailing the S&P 500 (SPY) return of 16.8%, and its 5-year return of -66.8% compares to 83.0% for the index.

Icahn Enterprises pays a quarterly dividend with a forward annual rate of $2.00, representing a dividend yield of 30.08%. The partnership has paid dividends for 22 consecutive years, though its 5-year annualized dividend growth is -24.2%. Its last ex-dividend date was August 17, 2026.

The mean analyst price target is $12.00, representing an 80.5% premium to the last close of $6.65. For the fiscal year ending December 31, 2026, EPS is estimated at $0.40, reflecting projected growth of 176.9%. For the next fiscal year, 1 analyst estimates revenue of $10.20B and EPS of $0.55. Over the last four quarters, the partnership beat EPS estimates 1 time. The next earnings date is November 4, 2026.

This page is an AI-written research summary of Icahn Enterprises L.P. (IEP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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