Icahn Enterprises (IEP) Cost of Revenue (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Cost of Revenue came in at $2.3 billion in Q1 2026, up 16.07% YoY from $2.0 billion in Q1 2025, and up 8.38% on a QoQ basis from $2.2 billion in Q4 2025.
Icahn Enterprises (IEP) Cost of Revenue (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has 10 years of Cost of Revenue data on file, last reported at $2.3 billion in Q1 2026.
- Quarterly Cost of Revenue rose 16.07% year-over-year to $2.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.3 billion (down 3.96% YoY) and the FY2025 annual result came in at $8.0 billion, down 7.44% from the prior year.
- Cost of Revenue climbed to $2.3 billion in Q1 2026, from $2.2 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.2 billion in Q2 2022 to a low of $1.7 billion in Q3 2025.
- A 5-year average of $2.4 billion and a median of $2.3 billion in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 33.3% — and 2023, when it retreated 27.22%.
- Tracing IEP's Cost of Revenue over 5 years: stood at $3.0 billion in 2022, then decreased by 19.35% to $2.4 billion in 2023, then slipped by 7.86% to $2.2 billion in 2024, then dropped by 1.55% to $2.2 billion in 2025, then climbed by 8.38% to $2.3 billion in 2026.
- The last three Cost of Revenue figures came in at $2.3 billion (Q1 2026), $2.2 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.11 Bn | 88.34 Bn | 9.27 Bn | 43.06 Bn |
| 2 | Valero Energy | 94.94 Bn | 87.07 Bn | 5.47 Bn | 39.01 Bn |
| 3 | Phillips 66 | 89.11 Bn | 85.01 Bn | 8.38 Bn | 43.66 Bn |
| 4 | HF Sinclair | 15.51 Bn | 13.25 Bn | 1.57 Bn | 8.82 Bn |
| 5 | Sunoco | 10.08 Bn | 9.31 Bn | 1.46 Bn | 12.80 Bn |
| 6 | PBF Energy | 8.19 Bn | 7.30 Bn | 1.15 Bn | 10.53 Bn |
| 7 | Cosan | 6.59 Bn | 1.48 Bn | 552.94 Mn | 1.23 Bn |
| 8 | Ultrapar Holdings | 6.39 Bn | 4.67 Bn | 603.08 Mn | 6.38 Bn |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | 2.88 Bn |
| 10 | Delek US Holdings | 3.91 Bn | 3.28 Bn | 365.10 Mn | 3.72 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.88 Bn |
| Jun 30, 2026 | 2.88 Bn |
| Mar 31, 2026 | 2.34 Bn |
| Mar 31, 2026 | 2.34 Bn |
| Dec 31, 2025 | 2.16 Bn |
| Dec 31, 2025 | 2.16 Bn |
| Sep 30, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.69 Bn |
| Jun 30, 2025 | 2.12 Bn |
| Jun 30, 2025 | 2.12 Bn |
| Mar 31, 2025 | 2.02 Bn |
| Mar 31, 2025 | 2.02 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 2.23 Bn |
| Sep 30, 2024 | 2.23 Bn |
| Jun 30, 2024 | 2.21 Bn |
| Jun 30, 2024 | 2.21 Bn |
| Mar 31, 2024 | 1.99 Bn |
| Mar 31, 2024 | 1.99 Bn |