Icahn Enterprises Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,658	10,020	10,934	14,196	11,338
Revenue Growth (YoY)	-3.61%	-8.36%	-22.98%	25.21%	85.17%
Cost of Revenue	7,978	8,619	9,327	11,689	9,485
Gross Profit	1,680	1,401	1,607	2,507	1,853
Selling, General & Admin	837	783	852	1,250	1,238
Other Operating Expenses	649	606	1,036	585	527
Total Operating Expenses	1,486	1,389	1,888	1,835	1,765
Operating Income	194	12	-281	672	88
Interest Income	288	477	636	328	137
Interest Expense	-504	-523	-554	-568	-666
Other Non-Operating Income (Expense)	75	-357	-1,549	-258	250
Total Non-Operating Income (Expense)	-141	-403	-1,467	-498	-279
Pretax Income	-345	-567	-922	9	-578
Provision for Income Taxes	-19	-25	90	34	-78
Net Income	-299	-445	-684	-183	-518
Minority Interest in Earnings	-326	-542	-1,012	158	18
Net Income Attributable to Preferred Dividends	35	56	87	95	-
Net Income to Common	-299	-445	-684	-183	-518
Shares Outstanding (Basic)	562	466	382	316	260
Shares Outstanding (Diluted)	562	466	382	316	260
Shares Change (YoY)	20.60%	21.99%	20.89%	21.54%	17.65%
EPS (Basic)	-0.52	-0.94	-1.75	-0.57	-2.32
EPS (Diluted)	-0.52	-0.94	-1.75	-0.57	-2.32
Free Cash Flow	-851	499	3,376	634	11
Free Cash Flow Growth	-	-85.22%	432.49%	5663.64%	-
Free Cash Flow Per Share	-1.51	1.07	8.84	2.01	0.04
Dividends Per Share	2.000	3.500	6.000	8.000	8.000
Dividend Growth	-42.86%	-41.67%	-25.00%	-	-
Gross Margin	17.39%	13.98%	14.70%	17.66%	16.34%
Operating Margin	2.01%	0.12%	-2.57%	4.73%	0.78%
Profit Margin	-3.38%	-5.41%	-9.26%	-0.18%	-4.41%
FCF Margin	-8.81%	4.98%	30.88%	4.47%	0.10%
EBITDA	797	523	237	1,181	605
EBITDA Margin	8.25%	5.22%	2.17%	8.32%	5.34%
EBIT	194	12	-281	672	88
EBIT Margin	2.01%	0.12%	-2.57%	4.73%	0.78%
Effective Tax Rate	5.51%	4.41%	-9.76%	377.78%	13.49%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q