Icahn Enterprises (IEP) Debt Ratio (2009 - 2026)
Icahn Enterprises' (IEP) Debt Ratio was 0.55 for Q3 2026, up 21.8% from 0.45 a year earlier and up 10.9% from the prior quarter.
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Analysis
Icahn Enterprises (IEP) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Icahn Enterprises was 0.47, up 11.3% from FY2024.
- Debt Ratio has increased for three consecutive years.
- By year, Debt Ratio came in at 0.42 in FY2024 (+21.1%), 0.35 in FY2023 (+35.8%), 0.25 in FY2022 (-8.3%) and 0.28 in FY2021 (-14.4%).
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q1 2009.
- Year over year, Debt Ratio has now increased in each of the last 15 quarters, with growth averaging 19.4% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q4 2023 (growth of 35.8%); the low point was Q4 2021 (a decline of 14.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.50 (Q2 2026), 0.49 (Q1 2026) and 0.47 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.89 Bn | 92.33 Bn | 12.69 Bn | 0.33 |
| 2 | Valero Energy | 105.91 Bn | 80.88 Bn | 9.41 Bn | 0.16 |
| 3 | HF Sinclair | 17.51 Bn | 9.85 Bn | 3.15 Bn | 0.13 |
| 4 | Sunoco | 8.96 Bn | 5.82 Bn | 1.56 Bn | 0.43 |
| 5 | PBF Energy | 8.70 Bn | 4.34 Bn | 2.17 Bn | 0.12 |
| 6 | Ultrapar Holdings | 6.21 Bn | -1.35 Bn | 2.61 Bn | -0.34 |
| 7 | Delek US Holdings | 4.15 Bn | 1.30 Bn | 1.58 Bn | 0.40 |
| 8 | Cvr Energy | 4.12 Bn | 1.25 Bn | 783.00 Mn | 0.37 |
| 9 | Par Pacific Holdings | 3.66 Bn | 2.45 Bn | 715.29 Mn | 0.10 |
| 10 | Icahn Enterprises | 3.59 Bn | -1.86 Bn | 816.00 Mn | 0.55 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.55 |
| Jun 30, 2026 | 0.50 |
| Mar 31, 2026 | 0.49 |
| Dec 31, 2025 | 0.47 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.45 |
| Mar 31, 2025 | 0.44 |
| Dec 31, 2024 | 0.42 |
| Sep 30, 2024 | 0.37 |
| Jun 30, 2024 | 0.37 |
| Mar 31, 2024 | 0.33 |
| Dec 31, 2023 | 0.35 |
| Sep 30, 2023 | 0.33 |
| Jun 30, 2023 | 0.32 |
| Mar 31, 2023 | 0.27 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.26 |
| Jun 30, 2022 | 0.27 |
| Mar 31, 2022 | 0.26 |
| Dec 31, 2021 | 0.28 |
API Access
Icahn Enterprises Debt Ratio 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=debt-ratio&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();