Icahn Enterprises (IEP) AI Stock Analysis

• Market Cap: $4.79B
• Dividend Yield: 27.59%
• Average Volume (3M): 940.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: -8.45%
• EPS Growth: 27.66%
• Country: US
• Employees: 15,037
• Sector: Energy
• Sector Strength: 52
• Industry: Conglomerates
• EPS (TTM): 0.49
• Shares Outstanding: 600,208,500
• 10 Day Avg. Volume: 1,017,920
• 30 Day Avg. Volume: 940,197
• PEG Ratio: 0.20
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 7.32
• Enterprise Value/Market Cap: 2.04
• Enterprise Value/Revenue: 1.00
• Enterprise Value/Gross Profit: 9.92
• Enterprise Value/Ebitda: 17.72
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $8.00 ▲(0.00% Upside)

The score is held back primarily by weak financial performance (losses, high leverage, and volatile cash flows). Offsetting this are modestly improving technicals, a supportive (but risk-heavy) high dividend yield, and a mixed-to-positive earnings update highlighted by stronger energy results, strong liquidity, and a planned note redemption.

Positive Factors

Strong liquidity position

A large cash and available revolver pool gives the firm durable liquidity to fund operations, invest in portfolio companies, and meet obligations without forced asset sales. This buffer supports strategic optionality, reduces short-term refinancing risk, and enables planned deleveraging moves.

Energy segment earnings turnaround

A material swing to positive energy EBITDA meaningfully strengthens core cash generation and earnings diversification. Sustained energy profitability can stabilize consolidated cash flow, improve funding capacity for other units, and reduce reliance on asset disposals or external financing.

Planned full redemption of 2026 senior notes

Retiring a material near-term bond series is a structural deleveraging step that would lower interest expense and rollover risk, improving long-term balance sheet flexibility. Completion reduces refinancing needs and eases stress on cash flows, enhancing solvency if executed.

Negative Factors

High leverage and weakening equity ratio

Elevated leverage and a shrinking equity base increase financial vulnerability to downturns and raise interest and covenant sensitivity. Over time this constrains strategic moves, increases funding costs, and elevates the risk that operational setbacks force asset sales or equity dilution.

Negative profitability and inconsistent margins

Persistently negative net margins and volatile operating profitability limit internal capital generation and undermine sustainable reinvestment. Long-term weakness in core profitability forces reliance on asset gains or outside financing to fund dividends, capex, or debt reduction.

Volatile and declining free cash flow

Declining and erratic free cash flow erodes the company’s ability to consistently service debt, sustain distributions, or invest organically. Structural FCF weakness increases dependence on disposals or external capital, reducing resilience and elevating liquidity and refinancing risk over the medium term.

Icahn Enterprises Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Icahn Enterprises generates revenue through its diverse portfolio of investments and operating businesses. Key revenue streams include income from its subsidiaries, which operate in sectors such as automotive (including a significant stake in Federal-Mogul), energy (notably through investments in various oil and gas companies), and pharmaceuticals. Additionally, IEP earns capital gains from the appreciation of its equity investments, as well as dividends from its holdings. The company's activist investment strategy often involves taking large positions in undervalued companies and pushing for changes that improve performance, leading to potential exit opportunities at higher valuations. Strategic partnerships and collaborations with other firms and stakeholders also enhance its revenue potential, particularly in high-stakes negotiations and restructuring efforts.

Icahn Enterprises Financial Statement Overview

Summary

Weak overall fundamentals: inconsistent revenue growth, negative profitability, high leverage with negative ROE, and volatile/free-cash-flow pressures that raise balance-sheet and sustainability risk.

Income Statement

Icahn Enterprises has shown inconsistent revenue growth, with a recent TTM increase of 19.5% following a decline in previous years. However, profitability remains a concern with negative net profit margins and fluctuating EBIT and EBITDA margins. The company needs to stabilize its revenue growth and improve its profitability metrics to enhance its financial health.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio, particularly in recent years, suggesting significant leverage. Return on equity is negative, reflecting ongoing losses. The equity ratio has been declining, indicating potential financial instability. Improving equity and reducing debt levels could strengthen the company's financial position.

Cash Flow

Cash flow analysis reveals a volatile free cash flow growth rate, with a significant decline in the recent TTM period. The operating cash flow to net income ratio is positive, but the free cash flow to net income ratio is negative, highlighting cash flow management challenges. Stabilizing free cash flow and improving cash flow efficiency are critical for future financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.74B	10.17B	11.92B	14.42B	12.29B	6.67B
Gross Profit	983.00M	935.00M	1.95B	2.20B	2.33B	-196.00M
EBITDA	550.00M	467.00M	150.00M	1.09B	605.00M	-1.45B
Net Income	-385.00M	-436.00M	-670.00M	-179.00M	-604.00M	-1.62B
Balance Sheet
Total Assets	14.83B	16.28B	20.86B	27.91B	27.75B	24.99B
Cash, Cash Equivalents and Short-Term Investments	4.03B	5.24B	5.95B	4.89B	4.44B	12.20B
Total Debt	8.61B	8.71B	11.21B	14.07B	13.51B	11.15B
Total Liabilities	11.41B	11.66B	14.79B	18.36B	18.40B	15.73B
Stockholders Equity	2.73B	3.24B	3.97B	4.65B	4.30B	4.24B
Cash Flow
Free Cash Flow	-2.00M	552.00M	3.43B	717.00M	16.00M	-615.00M
Operating Cash Flow	352.00M	832.00M	3.74B	1.05B	321.00M	-416.00M
Investing Cash Flow	-326.00M	-215.00M	-290.00M	-260.00M	528.00M	-581.00M
Financing Cash Flow	-731.00M	-1.32B	-2.38B	-344.00M	293.00M	-653.00M

Icahn Enterprises Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IEP, the sentiment is Positive. The current price of 8 is above the 20-day moving average (MA) of 7.86, above the 50-day MA of 7.77, and below the 200-day MA of 8.15, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 57.11 is Neutral, neither overbought nor oversold. The STOCH value of 39.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IEP.

Icahn Enterprises Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GFF	60 Neutral	$3.95B	75.91	34.20%	1.01%	-3.95%	-74.65%
MDU	59 Neutral	$4.30B	25.34	6.42%	2.76%	-57.80%	-57.40%
FIP	56 Neutral	$682.65M	-2.43	-13.99%	1.90%	32.39%	-19.35%
TRC	53 Neutral	$440.25M	147.61	0.63%	―	15.71%	―
IEP	52 Neutral	$4.79B	-10.10	-12.71%	27.59%	-8.45%	27.66%
CODI	45 Neutral	$492.80M	-1.19	-41.05%	20.53%	-15.85%	-59.42%

Icahn Enterprises Corporate Events

Icahn Enterprises Plans Full Redemption of 2026 Senior Notes

On January 27, 2026, Icahn Enterprises L.P. and Icahn Enterprises Finance Corp. announced that they have instructed the trustee to issue a notice of full redemption for all of their outstanding 6.250% Senior Notes due 2026, with the redemption scheduled to occur on February 26, 2026 at par plus accrued and unpaid interest up to, but excluding, the redemption date. The company plans to fund the transaction using cash on hand, and, if completed, the redemption will retire the entire series of 2026 Notes, eliminating this specific debt obligation from its capital structure, although the company noted there is no assurance the redemption will ultimately take place.

The most recent analyst rating on (IEP) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on Icahn Enterprises stock, see the IEP Stock Forecast page.

Icahn Enterprises Highlights Strategic Focus in New Presentation

Icahn Enterprises L.P. has released updated presentation materials intended for investor and media engagements, highlighting its diversified business operations and financial performance as of September 30, 2025. The presentation outlines the company’s strategic focus on organic growth and consolidation opportunities across its subsidiaries, which possess competitive strengths and leading market positions. The release also addresses various risks and uncertainties affecting the company’s operations, including economic volatility, competition, and regulatory challenges.

The most recent analyst rating on (IEP) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Icahn Enterprises stock, see the IEP Stock Forecast page.