IEP Icahn Enterprises L P margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 9

Gross margin

8.5%

Operating margin

-5.5%

EBITDA margin

0.4%

Net margin

-9.4%

Currently, Icahn Enterprises L P shows a gross margin of 8.5%, an operating margin of -5.5%, an EBITDA margin of 0.4%, and a net margin of -9.4%; its operating margin is negative at -5.5%, and its net margin is negative at -9.4%. Each available margin deteriorated from the same period last year. Gross margin recorded the strongest contraction, dropping by 7.3 percentage points.

IEP margin history

Gross, operating, EBITDA and net margin trends

Icahn Enterprises L P's margins averaged 13.63% gross, -1.4% operating, 5.03% EBITDA, and -5.46% net during the last 3 years. Currently, all four current margins are below their three-year averages.

IEP margin expansion

Year-over-year margin changes in percentage points

All available margins declined year over year, led by gross margin with a decline of 7.3 percentage points.

Gross margin expansion

-7.3pp

Operating margin expansion

-5.6pp

EBITDA margin expansion

-6.2pp

Net margin expansion

-5.2pp

IEP Gross margin

Across the last 3 years, Icahn Enterprises L P's gross margin came to 13.63%. The current gross margin stands at 8.5%, 5.1 percentage points below its three-year average. Gross margin was highest at 17.4% in Dec 2025 and lowest at 8.2% in Mar 2025.

IEP Operating margin

Over the last 3 years, Icahn Enterprises L P's operating margin averaged -1.4%. At present, Icahn Enterprises L P's current operating margin is -5.5%, which is 4.1 percentage points below its three-year average. During this period, operating margin reached a high of 2% in Mar 2026 and a low of -7.3% in Mar 2025.

IEP EBITDA margin

Looking back over the last 3 years, Icahn Enterprises L P recorded an average EBITDA margin of 5.03%. Icahn Enterprises L P's current EBITDA margin is 0.4% and is 4.6 percentage points below its three-year average. The highest EBITDA margin for Icahn Enterprises L P was 8.2% in Dec 2025, while the lowest was 0.4% in Sep 2026.

IEP Net margin

Over the last 3 years, Icahn Enterprises L P's net margin averaged -5.46%. The current net margin of -9.4% is 3.9 percentage points below its three-year average. During this period, net margin reached a high of -3.1% in Dec 2025 and a low of -9.4% in Sep 2026.

IEP margin group comparison

Margins compared with peer-group, industry and sector averages

Icahn Enterprises L P's gross margin of 8.5% is lower than the Energy sector, the industry and its peers average. Looking at the Energy sector average of 42.7%, Icahn Enterprises L P's gross margin is 80% lower.

IEP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Icahn Enterprises L P's gross margin?

As of Sep 30, 2026, IEP has a gross margin of 8.5%.

What is Icahn Enterprises L P's operating margin?

As of Sep 30, 2026, IEP has an operating margin of -5.5%.

What is Icahn Enterprises L P's EBITDA margin?

The current EBITDA margin for IEP is 0.4% as of Sep 30, 2026.

What is Icahn Enterprises L P's net margin?

As of Sep 30, 2026, IEP has a net margin of -9.4%.

What are the average margins of IEP?

Over the last 3 years, Icahn Enterprises L P's margins averaged 13.6% gross, -1.4% operating, 5.0% EBITDA, and -5.5% net.

What are the highest historical margins of IEP?

Over this 5-year history, IEP peaked at 18% gross in Mar 2022, 4.1% operating in Dec 2022, 8.2% EBITDA in Dec 2025, and -1.3% net in Dec 2022.

What are the lowest historical margins of IEP?

Looking back across 5 years, IEP reached its lowest margins at 8.2% gross in Mar 2025, -7.3% operating in Mar 2025, 0.4% EBITDA in Sep 2026, and -9.4% net in Sep 2026.