Stock Ratings / Energy / IEP / financials

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Icahn Enterprises L.P. (IEP) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Icahn Enterprises L.P. (IEP)?

In FY 2025 (10-K), IEP converted $9.7B of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

$5.25 -1.13% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Icahn Enterprises L.P. (IEP) carries a Roarable Rating of E (Strong Sell) with 34/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $3.73B

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INTERACTIVE SCENARIO DECK:

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RQD QUANT TACHOMETERRED ALERT • E

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Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-10.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for IEP)Realized 20D OHLCV Swing Band: ±6%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How IEP Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $10.93B

FY24

Rev $10.02B

FY25

Rev $9.66B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$9.66B	52%	0%	-$299.0M	-$654.0M	-8.7%
FY 2024	$10.02B	52%	0%	-$445.0M	$552.0M	-8.7%
FY 2023	$10.93B	52%	0%	-$684.0M	$3.74B	-8.7%

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring IEP)

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IEP // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -36.52%▼ SUPPORT BREAKDOWN

2026-10-30O $5.20H $5.25L $5.06C $5.25VOL 1.87M

RES: $6.82SUP: $5.69SMA50: $6.62SMA200: $7.42

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

IEP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 IEP Butterfly Map → + Track IEP →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -3.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on IEP today. View full Setup Ledger →

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No direct multi-tier Butterfly edges indexed yet for IEP. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (IEP)

Energy Rank #195 of 211 ⚔️ CLMT vs IEP Full Matrix →

1. Head-to-Head Energy Peer Comparison (IEP vs. CLMT, DK, CVI, PBF)

Industry: Integrated oil Companies (15 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, Icahn Enterprises L.P. (IEP) ranks #195 by composite RQD confidence (34/100, grade E) and #101 by equity capitalization ($3.73B). Within this direct 5-issuer industry benchmark cohort, IEP leads on earnings valuation at N/A trailing P/E, while CVI leads on capital efficiency and profitability with 50.3% ROIC and 4.8% gross margin. CVI currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with IEP at 34/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
IEP ACTIVE Icahn Enterprises L.P.	E	34/100	—	—	-8.7%	-1.13%	$3.73B	Benchmark Subject
CLMT Calumet Inc.	D+	53/100	—	5.9%	7.0%	-2.74%	$4.27B	/clmt-vs-iep →
DK Delek US Holdings Inc.	D+	54/100	—	5.7%	3.9%	+1.14%	$4.35B	/dk-vs-iep →
CVI CVR Energy Inc.	C	63/100	—	4.8%	50.3%	-0.44%	$5.71B	/cvi-vs-iep →
PBF PBF Energy Inc.	D	45/100	—	—	-0.6%	+3.08%	$8.95B	/pbf-vs-iep →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000813762

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Icahn Enterprises L.P. (IEP) reported GAAP revenue of $9.66B (-3.6% vs. FY2024 revenue of $10.02B , and -11.7% cumulative change since FY2023) , GAAP net income of -$299.0M, operating cash flow of -$313.0M, and free cash flow of -$654.0M (-218.5% YoY). On the balance sheet, IEP closed FY2025 with $14.21B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$9.66B	-$299.0M	-$313.0M	-$654.0M	$14.21B	—
FY2024 (FY)	2024-12-31	$10.02B	-$445.0M	$832.0M	$552.0M	$16.28B	—
FY2023 (FY)	2023-12-31	$10.93B	-$684.0M	$3.74B	$3.74B	—	—

3. IEP Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is IEP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Icahn Enterprises L.P. (NASDAQ: IEP) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $5.25 (-1.13% 1D, market cap $3.73B). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 3/20. Across 211 tracked Energy issuers, IEP ranks #195 in composite RQD confidence.

How does IEP compare to CLMT and DK in the Energy sector?

Within the Energy sector (Integrated oil Companies), IEP carries a Roarable E (34/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -8.7%. By comparison, CLMT (Calumet Inc.) holds a D+ grade (53/100 RQD, P/E N/A, ROIC 7.0%, cap $4.27B) and DK (Delek US Holdings Inc.) posts a D+ grade (54/100 RQD, P/E N/A, ROIC 3.9%, cap $4.35B). Among the 5-stock peer group, IEP leads on earnings multiple (N/A) while CVI leads on capital efficiency (50.3% ROIC).

What are the biggest fundamental strengths and SEC risk factors for IEP?

Per IEP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000813762), Icahn Enterprises L.P. generated $9.66B in revenue (-3.6% YoY), -$299.0M in net income, and -$654.0M in free cash flow against $14.21B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Energy with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is IEP trading relative to its 50-day, 200-day, and 52-week technical levels?

IEP last traded at $5.25 (-1.13% on volume of 1,883,166 shares), positioning the stock -20.69% below its 50-day simple moving average ($6.62) and -29.25% below its 200-day simple moving average ($7.42). Across its 52-week range of $5.06 to $9.32, IEP sits at the 4.5% percentile with a 14-day RSI of 10.7 (OVERSOLD (<32)) and an implied next-earnings move of ±6.0% ($4.93 to $5.57).