Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Free Cash Flow came in at $36.0 million in Q2 2026, down 79.89% on a YoY basis from $179.0 million in Q2 2025, and down 87.28% quarter-over-quarter from $283.0 million in Q1 2026.
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Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has reported Free Cash Flow for 10 consecutive years, with $36.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 79.89% year-over-year to $36.0 million; the trailing twelve-month figure through Jun 2026 stood at -$244.0 million (down 419.15% YoY), and the FY2025 full-year result was -$654.0 million, down 218.48% from the prior year.
- Free Cash Flow declined to $36.0 million in Q2 2026 per IEP's latest filing, from $283.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.9 billion in Q1 2022 and bottomed at -$2.4 billion in Q4 2022.
- Historically, Free Cash Flow has averaged $242.6 million across 5 years, with a median of $167.5 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow tumbled 1353.44% in 2022, then jumped 1100.0% in 2024.
- Over 5 years, Free Cash Flow stood at -$2.4 billion in 2022, then surged by 100.55% to $13.0 million in 2023, then surged by 1100.0% to $156.0 million in 2024, then tumbled by 417.95% to -$496.0 million in 2025, then jumped by 107.26% to $36.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $36.0 million, $283.0 million, and -$496.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 9.14 Bn |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 5.45 Bn |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 1.39 Bn |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 928.00 Mn |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 1.46 Bn |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 1.10 Bn |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 264.00 Mn |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 36.00 Mn |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 89.10 Mn |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 242.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.00 Mn |
| Mar 31, 2026 | 283.00 Mn |
| Dec 31, 2025 | -496.00 Mn |
| Sep 30, 2025 | -67.00 Mn |
| Jun 30, 2025 | 179.00 Mn |
| Mar 31, 2025 | -270.00 Mn |
| Dec 31, 2024 | 156.00 Mn |
| Sep 30, 2024 | -112.00 Mn |
| Jun 30, 2024 | 827.00 Mn |
| Mar 31, 2024 | -319.00 Mn |
| Dec 31, 2023 | 13.00 Mn |
| Sep 30, 2023 | 1.56 Bn |
| Jun 30, 2023 | 1.66 Bn |
| Mar 31, 2023 | 207.00 Mn |
| Dec 31, 2022 | -2.37 Bn |
| Sep 30, 2022 | 611.00 Mn |
| Jun 30, 2022 | 610.00 Mn |
| Mar 31, 2022 | 1.87 Bn |
| Dec 31, 2021 | 189.00 Mn |
| Sep 30, 2021 | 349.00 Mn |
API Access
Icahn Enterprises Free Cash Flow 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=free-cash-flow&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();