Icahn Enterprises (IEP) FCF Margin (2010 - 2026)
Icahn Enterprises' (IEP) quarterly FCF Margin came in at 1.17% in Q2 2026, down 639.0% on a YoY basis from 0.22% in Q2 2025, and down 90.46% quarter-over-quarter from 12.25% in Q1 2026.
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Analysis
Icahn Enterprises (IEP) FCF Margin (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has reported FCF Margin for 10 consecutive years, with 1.17% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 639.0% year-over-year to 1.17%; the trailing twelve-month figure through Jun 2026 stood at 2.26% (down 177.0% YoY), and the FY2025 full-year result was 6.77%, down 1228.0% from the prior year.
- FCF Margin declined to 1.17% in Q2 2026 per IEP's latest filing, from 12.25% in the prior quarter.
- Across five years, FCF Margin topped out at 61.7% in Q2 2023 and bottomed at 74.12% in Q4 2022.
- Historically, FCF Margin has averaged 7.64% across 5 years, with a median of 6.8% in 2024.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 8229 bps in 2022, then jumped 7462 bps in 2023.
- Over 5 years, FCF Margin stood at 74.12% in 2022, then soared by 101 bps to 0.49% in 2023, then surged by 1140 bps to 6.1% in 2024, then sank by 402 bps to 18.39% in 2025, then surged by 106 bps to 1.17% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 1.17%, 12.25%, and 18.39% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 17.47% |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 12.26% |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 13.40% |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 6.51% |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 12.52% |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 13.41% |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 9.64% |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 1.17% |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 2.18% |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 8.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17% |
| Mar 31, 2026 | 12.25% |
| Dec 31, 2025 | -18.39% |
| Sep 30, 2025 | -2.46% |
| Jun 30, 2025 | 7.56% |
| Mar 31, 2025 | -13.49% |
| Dec 31, 2024 | 6.10% |
| Sep 30, 2024 | -4.01% |
| Jun 30, 2024 | 34.88% |
| Mar 31, 2024 | -12.91% |
| Dec 31, 2023 | 0.49% |
| Sep 30, 2023 | 51.73% |
| Jun 30, 2023 | 61.70% |
| Mar 31, 2023 | 7.51% |
| Dec 31, 2022 | -74.12% |
| Sep 30, 2022 | 17.95% |
| Jun 30, 2022 | 16.07% |
| Mar 31, 2022 | 45.57% |
| Dec 31, 2021 | 8.16% |
| Sep 30, 2021 | 13.14% |
API Access
Icahn Enterprises FCF Margin 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=fcf-margin&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();