Icahn Enterprises (IEP) Cost of Revenue (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Cost of Revenue came in at $2.9 billion in Q2 2026, up 36.12% on a YoY basis from $2.1 billion in Q2 2025, and up 23.21% quarter-over-quarter from $2.3 billion in Q1 2026.
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Analysis
Icahn Enterprises (IEP) Cost of Revenue (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has reported Cost of Revenue for 10 consecutive years, with $2.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 36.12% year-over-year to $2.9 billion; the trailing twelve-month figure through Jun 2026 stood at $9.1 billion (up 6.0% YoY), and the FY2025 full-year result was $8.0 billion, down 7.44% from the prior year.
- Cost of Revenue climbed to $2.9 billion in Q2 2026 per IEP's latest filing, from $2.3 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $3.2 billion in Q2 2022 and bottomed at $1.7 billion in Q3 2025.
- Historically, Cost of Revenue has averaged $2.4 billion across 5 years, with a median of $2.3 billion in 2023.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue decreased 27.22% in 2023, then surged 36.12% in 2026.
- Over 5 years, Cost of Revenue stood at $3.0 billion in 2022, then dropped by 19.35% to $2.4 billion in 2023, then declined by 7.86% to $2.2 billion in 2024, then fell by 1.55% to $2.2 billion in 2025, then soared by 33.53% to $2.9 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $2.9 billion, $2.3 billion, and $2.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 43.06 Bn |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 39.01 Bn |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 8.82 Bn |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 12.80 Bn |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 10.53 Bn |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 7.29 Bn |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 2.62 Bn |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 2.88 Bn |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 3.72 Bn |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 2.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.88 Bn |
| Mar 31, 2026 | 2.34 Bn |
| Dec 31, 2025 | 2.16 Bn |
| Sep 30, 2025 | 1.69 Bn |
| Jun 30, 2025 | 2.12 Bn |
| Mar 31, 2025 | 2.02 Bn |
| Dec 31, 2024 | 2.19 Bn |
| Sep 30, 2024 | 2.23 Bn |
| Jun 30, 2024 | 2.21 Bn |
| Mar 31, 2024 | 1.99 Bn |
| Dec 31, 2023 | 2.38 Bn |
| Sep 30, 2023 | 2.38 Bn |
| Jun 30, 2023 | 2.31 Bn |
| Mar 31, 2023 | 2.26 Bn |
| Dec 31, 2022 | 2.95 Bn |
| Sep 30, 2022 | 3.03 Bn |
| Jun 30, 2022 | 3.17 Bn |
| Mar 31, 2022 | 2.54 Bn |
| Dec 31, 2021 | 2.67 Bn |
| Sep 30, 2021 | 2.27 Bn |
API Access
Icahn Enterprises Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "IEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();