Icahn Enterprises (IEP) AI Stock Analysis

• Market Cap: $4.86B
• Dividend Yield: 23.75%
• Average Volume (3M): 633.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: -11.23%
• EPS Growth: -6.85%
• Country: US
• Employees: 15,037
• Sector: Energy
• Sector Strength: 52
• Industry: Conglomerates
• EPS (TTM): -0.30
• Shares Outstanding: 573,419,860
• 10 Day Avg. Volume: 557,900
• 30 Day Avg. Volume: 633,058
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.86
• Enterprise Value/Revenue: 0.97
• Enterprise Value/Gross Profit: 10.58
• Enterprise Value/Ebitda: 163.83
• 1Y Price Target: $8.50
• Price Target Upside: 0.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: $8.50 ▲(0.95% Upside)

Icahn Enterprises faces significant financial challenges, including declining revenues and high leverage, which are major concerns. The technical analysis shows mixed signals, with no strong trend. Valuation is problematic due to a negative P/E ratio, though the high dividend yield may appeal to some investors. The earnings call highlighted both improvements and ongoing challenges, contributing to a cautious outlook.

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 primarily through its investment activities. The company invests in a range of industries, acquiring significant stakes in publicly traded companies and engaging in activist investing to drive changes that enhance shareholder value. Revenue streams include capital gains from the appreciation of investments, dividend income from portfolio companies, and income from operating subsidiaries in its various sectors. Additionally, IEP may generate revenue through advisory services, leveraging the expertise of its management team and network. The company's diversified portfolio mitigates risks and allows for multiple sources of income, contributing to its overall financial performance.

Icahn Enterprises Financial Statement Overview

Summary

Icahn Enterprises is experiencing financial challenges across income, balance sheet, and cash flow metrics. The company faces declining revenues, profitability issues, high leverage, and cash flow constraints. These factors pose significant risks, and the company needs to address operational inefficiencies and improve its financial stability to enhance its financial health.

Income Statement

Icahn Enterprises has faced declining revenues and profitability over recent years. The TTM data shows a negative net profit margin of -6.77% and a gross profit margin of 9.17%, indicating challenges in maintaining profitability. The revenue growth rate is negative, reflecting a contraction in sales. The EBIT and EBITDA margins are also negative or very low, highlighting operational inefficiencies.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 3.24 in the TTM period, indicating significant leverage and potential financial risk. Return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively low, further emphasizing the high leverage.

Cash Flow

Cash flow analysis reveals a negative free cash flow growth rate of -107.82% in the TTM period, indicating cash flow challenges. The operating cash flow to net income ratio is positive but low, suggesting limited cash generation relative to net income. The free cash flow to net income ratio is negative, highlighting cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.29B	9.90B	11.85B	14.13B	10.94B	7.42B
Gross Profit	852.00M	1.28B	1.88B	2.44B	1.46B	1.10B
EBITDA	55.00M	467.00M	150.00M	755.00M	605.00M	-1.45B
Net Income	-629.00M	-445.00M	-684.00M	-25.00M	-500.00M	-2.47B
Balance Sheet
Total Assets	14.84B	16.28B	20.86B	27.91B	27.75B	24.99B
Cash, Cash Equivalents and Short-Term Investments	4.48B	2.60B	2.95B	9.15B	11.47B	10.61B
Total Debt	8.21B	7.34B	7.21B	7.10B	7.69B	8.06B
Total Liabilities	11.42B	11.66B	14.79B	18.36B	18.40B	15.73B
Stockholders Equity	2.53B	3.24B	3.97B	9.56B	9.34B	9.26B
Cash Flow
Free Cash Flow	-47.00M	552.00M	3.43B	717.00M	16.00M	-615.00M
Operating Cash Flow	283.00M	832.00M	3.74B	1.05B	321.00M	-416.00M
Investing Cash Flow	-352.00M	-215.00M	-290.00M	-260.00M	528.00M	-581.00M
Financing Cash Flow	-1.11B	-1.32B	-2.38B	-344.00M	293.00M	-653.00M

Icahn Enterprises Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.42
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 8.42 is above the 20-day moving average (MA) of 8.28, below the 50-day MA of 8.51, and above the 200-day MA of 8.23, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.72 is Neutral, neither overbought nor oversold. The STOCH value of 80.38 is Negative, 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
GFF	65 Neutral	$3.52B	56.35	109.49%	0.95%	-3.37%	-61.83%
CODI	60 Neutral	$495.81M	-4.75	0.99%	15.11%	6.77%	9.95%
MDU	54 Neutral	$3.63B	16.89	7.89%	2.98%	-40.60%	-47.10%
IEP	52 Neutral	$4.86B	―	-21.56%	23.75%	-11.23%	-6.85%
FIP	48 Neutral	$513.29M	-2.91	-8.06%	2.06%	16.07%	30.39%
TRC	47 Neutral	$431.11M	-815.31	-0.11%	―	14.79%	-141.14%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Icahn Enterprises Corporate Events

Icahn Enterprises Completes $500 Million Notes Sale

On August 19, 2025, Icahn Enterprises L.P. and Icahn Enterprises Finance Corp. completed the sale of $500 million in Senior Secured Notes, priced at 99.010% of their face value. The proceeds, approximately $493 million, will be used to partially redeem existing 6.250% Senior Notes due 2026. The Notes are secured by the Issuers’ assets and interest payments will commence on November 15, 2025.

Icahn Enterprises Announces Conditional Redemption of Senior Notes

On August 6, 2025, Icahn Enterprises L.P. and Icahn Enterprises Finance Corp. announced a conditional partial redemption of up to $500 million of their outstanding 6.250% Senior Notes due 2026, scheduled for September 5, 2025. The redemption is contingent upon the completion of an offering of additional 10.000% Senior Secured Notes due 2029, expected to be finalized on August 19, 2025, and other customary conditions.

Icahn Enterprises Announces $500M Senior Notes Offering

On August 5, 2025, Icahn Enterprises announced the pricing of a $500 million offering of 10.000% Senior Secured Notes due 2029, expected to close on August 19, 2025. The proceeds will be used to partially redeem existing 6.250% Senior Notes due 2026, impacting the company’s financial strategy and stakeholder interests.

Icahn Enterprises Announces $500M Senior Notes Offering

On August 5, 2025, Icahn Enterprises announced its intention to offer an additional $500 million in 10.000% Senior Secured Notes due 2029 through a private placement. The proceeds from this offering will be used to partially redeem the company’s existing 6.250% Senior Notes due 2026, reflecting a strategic move to manage its debt obligations. The issuance of these notes is secured by the assets of the company and its guarantor, Icahn Enterprises Holdings L.P., although the completion of the sale is not guaranteed.

Icahn Enterprises Highlights Q2 2025 Financial Performance

Icahn Enterprises L.P. has released updated presentation materials intended for meetings with investors and media, highlighting its diversified business operations and financial performance as of June 30, 2025. The company reported an Adjusted EBITDA attributable to IEP of negative $92 million, with a focus on creating incremental value through organic growth and strategic investments across its subsidiary companies. The presentation also outlines the risks and uncertainties facing the company, including economic volatility and industry-specific challenges.