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How Icahn Enterprises L.P. (IEP) makes money

Icahn Enterprises L.P. (IEP) made $3.2B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier.

Drawing the Sankey…

Icahn Enterprises L.P.: revenue by line, Q2 2025 to Q4 2025Icahn Enterprises L.P.: revenue by line, Q2 2025 to Q4 2025Energy SegmentAutomotive SegmentInvestment SegmentReal Estate SegmentFood Packaging SegmentHome Fashion SegmentPharma SegmentHolding Company Segme…Energy Segment: $1.8B latest$1.8BAutomotive Segment: $345M latest$345MInvestment Segment: $365M latest$365MReal Estate Segment: $19.0M latestFood Packaging Segment: $77.0M latestHome Fashion Segment: $47.0M latestPharma Segment: $24.0M latestHolding Company Segment: $11.0M latestQ2 2025Q3 2025Q4 2025
Energy Segment went from 74% of revenue in Q2 2025 to 67% in Q4 2025, the largest shift in the mix.
Icahn Enterprises L.P. revenue by quarterIcahn Enterprises L.P. revenue by quarter$1.9BQ1 2025$2.4BQ2 2025$2.7BQ3 2025$2.7BQ4 2025$2.2BQ1 2026$3.0BQ2 2026$3.2BQ3 2026
Icahn Enterprises L.P.: where each dollar of revenue goesIcahn Enterprises L.P.: where each dollar of revenue goesIncome tax4¢Operating cash flow7¢Free cash flow4¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.2B100.0%
Income tax$113M3.6%
Operating cash flow$216M6.8%
Free cash flow$116M3.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.2B+16%
Q2 2026$3.0B+26%
Q1 2026$2.2B+18%
Q4 2025$2.7B+5%
Q3 2025$2.7B-2%
Q2 2025$2.4B+8%
Q1 2025$1.9B-24%

From Icahn Enterprises L.P.'s 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Icahn Enterprises L.P. make money?

Icahn Enterprises L.P. (IEP) made $3.2B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.