Icahn Enterprises
Runs investments alongside controlled businesses across several operating sectors.
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Profile
Structured as a Carl Icahn-controlled master limited partnership, it combines an investment business with controlled operating companies in energy, automotive, food packaging, real estate, home fashion, and pharma. Revenue comes from investment results, product and service sales, franchise operations, and real-estate leasing.
Structured as a master limited partnership, it combines its Investment segment with controlled operating businesses. Its current reporting segments are Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma, alongside Investment. Investment results, product and service sales, franchise operations, and real-estate leasing provide the main revenue mechanics.
Energy and Automotive account for the significant majority of consolidated net sales. Operating businesses are independently run while the partnership holds controlling interests; acquisitions, sales, and exits shape a portfolio rather than a single product franchise.
Control rests with Carl Icahn through the general partner and affiliated unit ownership. Depositary units represent limited-partner interests, and the holding structure depends on the performance of controlled businesses and investment gains or losses.
Company facts
Categories
Key statistics
Year to date −9.6% · Average volume (30d) 1.2M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.11 | −$0.52 | −572.7% | $2.05B | $3.08B | +50.7% | −3.49% |
| May 6, 2026Q1 FY26 | $0.10 | −$0.71 | −810.0% | $2.33B | $2.31B | −0.9% | +0.50% |
| Feb 25, 2026Q4 FY25 | $0.17 | $0.00 | −99.1% | $2.15B | $2.17B | +0.9% | +1.76% |
| Nov 5, 2025Q3 FY25 | $0.14 | $0.49 | +250.0% | $2.46B | $2.73B | +10.8% | +3.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.01B | $2.42B | $2.73B | $2.73B | $2.17B | $3.08B | |
| Gross profit | −$141.0M | $151.0M | $756.0M | $422.0M | −$490.0M | $198.0M | |
| Operating income | −$342.0M | −$56.0M | $538.0M | $211.0M | −$699.0M | −$386.0M | |
| Net income | −$414.0M | −$162.0M | $287.0M | $1.0M | −$450.0M | −$355.0M | |
| Diluted EPS | −$0.79 | −$0.30 | $0.49 | $0.00 | −$0.71 | −$0.52 | |
| Gross margin | -7.0% | 6.2% | 27.7% | 15.5% | -22.5% | 6.4% | |
| Operating margin | -17.0% | -2.3% | 19.7% | 7.7% | -32.2% | -12.5% |
Fiscal years (4-quarter sums)FY21 $12.28B · FY22 $14.36B · FY23 $11.92B · FY24 $10.17B · FY25 $9.88B
Revenue by product · Q2 FY26
Revenue by geography · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $3.19B · Total debt $7.84B · Total assets $12.89B · Shareholders' equity $1.81B
Dividends
Last cut to $0.50 from $1.00 in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 23 | $0.50 | |
| May 18, 2026 | May 18 | Jun 25 | $0.50 | |
| Mar 9, 2026 | Mar 9 | Apr 15 | $0.50 | |
| Nov 17, 2025 | Nov 17 | Dec 24 | $0.50 | |
| Aug 18, 2025 | Aug 18 | Sep 24 | $0.50 | |
| May 19, 2025 | May 19 | Jun 25 | $0.50 | |
| Mar 10, 2025 | Mar 10 | Apr 16 | $0.50 | |
| Nov 18, 2024 | Nov 18 | Dec 26 | $0.50 | cut from $1.00 |
Ownership
Shares outstanding 672.05M · Float 34.45M · 5.1% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Icahn Carl C | 618.39M | 92.02% | 13F | Aug 14, 2026 |
| Morgan Stanley | 5.26M | 0.78% | 13F | Aug 13, 2026 |
| First Trust Advisors LP | 885.1K | 0.13% | 13F | Aug 11, 2026 |
| Susquehanna International Group, LLP | 775.2K | 0.12% | 13F | Aug 14, 2026 |
| Soviero Asset Management, LP | 700.0K | 0.10% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Monro
Nationwide automotive repair and tire-service overlap
- Driven Brands
Oil changes, repair and franchise auto-service overlap
- HF Sinclair
Refining, fuel marketing and renewable-fuels overlap
- CF Industries
Nitrogen-fertilizer production and sales overlap
- Vanguard Industrials ETF
Cellulose and fibrous food-casing product overlap
- Novo Nordisk (ADR)
Prescription obesity-care overlap with Qsymia
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Icahn Enterprises | $6.71 | −0.74% | $4.56B | — | 14.7 | 0.4 | +27.4% |
| Monro | $12.97 | 0.00% | $405.2M | 58.9 | 53.9 | 0.4 | −4.6% |
| Driven Brands | $12.47 | 0.00% | $2.06B | 11.8 | 9.6 | 1.2 | −7.9% |
| HF Sinclair | $100.35 | +0.64% | $17.73B | 9.5 | 7.3 | 0.6 | +53.2% |
| CF Industries | $125.55 | −0.16% | $19.32B | 9.3 | 9.6 | 2.5 | +17.6% |
| Vanguard Industrials ETF | $339.25 | +0.03% | $8.89B | — | — | — | — |
| Novo Nordisk (ADR) | $45.60 | +0.00% | $202.54B | 11.2 | 18.4 | 4.0 | +0.0% |
| Median | 11.2 | 9.6 | 1.2 | +0.0% |