Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Free Cash Flow came in at $283.0 million in Q1 2026, up 204.81% YoY from $92.8 million in Q1 2025, and up 157.06% on a QoQ basis from -$496.0 million in Q4 2025.
Analysis
Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has 10 years of Free Cash Flow data on file, last reported at $283.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 204.81% year-over-year to $283.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$101.0 million (down 116.81% YoY) and the FY2025 annual result came in at -$654.0 million, down 218.48% from the prior year.
- Free Cash Flow rose to $283.0 million in Q1 2026, from -$496.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.9 billion in Q1 2022 to a low of -$2.4 billion in Q4 2022.
- A 5-year average of $254.8 million and a median of $179.0 million in 2025 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow slumped 1353.44% — and 2024, when it soared 1100.0%.
- Tracing IEP's Free Cash Flow over 5 years: stood at -$2.4 billion in 2022, then soared by 100.55% to $13.0 million in 2023, then soared by 1100.0% to $156.0 million in 2024, then sank by 417.95% to -$496.0 million in 2025, then soared by 157.06% to $283.0 million in 2026.
- The last three Free Cash Flow figures came in at $283.0 million (Q1 2026), -$496.0 million (Q4 2025), and -$67.0 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.01 Bn | 104.24 Bn | 9.27 Bn | 9.14 Bn |
| 2 | Valero Energy | 107.72 Bn | 99.85 Bn | 5.47 Bn | 5.45 Bn |
| 3 | Phillips 66 | 102.68 Bn | 98.59 Bn | 8.38 Bn | 6.53 Bn |
| 4 | HF Sinclair | 19.04 Bn | 16.78 Bn | 1.57 Bn | 1.39 Bn |
| 5 | Sunoco | 10.45 Bn | 9.67 Bn | 1.46 Bn | 928.00 Mn |
| 6 | PBF Energy | 8.96 Bn | 8.06 Bn | 1.15 Bn | 1.46 Bn |
| 7 | Ultrapar Holdings | 7.64 Bn | 5.53 Bn | 912.61 Mn | 1.10 Bn |
| 8 | Icahn Enterprises | 4.53 Bn | 2.56 Bn | 198.00 Mn | 36.00 Mn |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 89.10 Mn |
| 10 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 264.00 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 |