Icahn Enterprises L.P. (IEP)

Icahn Enterprises Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	8,799	9,193	11,077	13,378	10,304	6,815
Other Revenue	458	832	-165	907	912	-675
Revenue	9,257	10,025	10,912	14,285	11,216	6,140
Revenue Growth (YoY)	-8.73%	-8.13%	-23.61%	27.36%	82.67%	-29.80%
Cost of Revenue	8,620	9,222	9,970	12,272	10,007	6,807
Gross Profit	637	803	942	2,013	1,209	-667
Selling, General & Admin	831	783	852	1,250	1,238	1,191
Operating Expenses	831	783	852	1,250	1,238	1,191
Operating Income	-194	20	90	763	-29	-1,858
Interest Expense	-508	-523	-554	-568	-666	-688
Currency Exchange Gain (Loss)	-4	-9	1	-3	-14	-5
EBT Excluding Unusual Items	-706	-512	-463	192	-709	-2,551
Merger & Restructuring Charges	-9	-3	-1	-2	-5	-10
Gain (Loss) on Sale of Investments	-34	-56	-87	-95	-	-
Gain (Loss) on Sale of Assets	264	-4	-238	-8	141	-
Asset Writedown	-12	-	-7	-	-	-11
Legal Settlements	-	-	-	-76	-	-
Other Unusual Items	2	8	-126	-2	-5	-12
Pretax Income	-495	-567	-922	9	-578	-2,584
Income Tax Expense	-15	-25	90	34	-78	-116
Earnings From Continuing Operations	-480	-542	-1,012	-25	-500	-2,468
Net Income to Company	-480	-542	-1,012	-25	-500	-2,468
Minority Interest in Earnings	89	106	342	-154	-104	848
Net Income	-391	-436	-670	-179	-604	-1,620
Net Income to Common	-391	-436	-670	-179	-604	-1,620
Shares Outstanding (Basic)	538	466	382	316	260	221
Shares Outstanding (Diluted)	538	466	382	316	260	221
Shares Change (YoY)	20.09%	21.99%	20.89%	21.54%	17.65%	10.50%
EPS (Basic)	-0.73	-0.94	-1.75	-0.57	-2.32	-7.33
EPS (Diluted)	-0.73	-0.94	-1.75	-0.57	-2.32	-7.33
Free Cash Flow	-2	552	3,433	717	16	-615
Free Cash Flow Per Share	-0.00	1.19	8.99	2.27	0.06	-2.78
Dividend Per Share	2.000	3.500	6.000	8.000	8.000	8.000
Dividend Growth	-50.00%	-41.67%	-25.00%	-	-	-
Gross Margin	6.88%	8.01%	8.63%	14.09%	10.78%	-10.86%
Operating Margin	-2.10%	0.20%	0.83%	5.34%	-0.26%	-30.26%
Profit Margin	-4.22%	-4.35%	-6.14%	-1.25%	-5.38%	-26.38%
Free Cash Flow Margin	-0.02%	5.51%	31.46%	5.02%	0.14%	-10.02%
EBITDA	339	528	604	1,267	483	-1,352
EBITDA Margin	3.66%	5.27%	5.54%	8.87%	4.31%	-22.02%
D&A For EBITDA	533	508	514	504	512	506
EBIT	-194	20	90	763	-29	-1,858
EBIT Margin	-2.10%	0.20%	0.83%	5.34%	-0.26%	-30.26%
Effective Tax Rate	-	-	-	377.78%	-	-
Revenue as Reported	9,519	10,020	10,934	14,196	11,338	6,123

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q