Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026)
Icahn Enterprises (IEP) posted Free Cash Flow of $36 million for Q2 2026, down 79.9% from $179 million a year earlier and down 87.3% from the prior quarter.
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Analysis
Icahn Enterprises (IEP) Free Cash Flow (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Icahn Enterprises was -$244 million; for FY2025, it came in at -$654 million.
- In prior years, Icahn Enterprises' Free Cash Flow was $552 million in FY2024 (-83.9%), $3.43 billion in FY2023 (+378.8%), $717 million in FY2022 and $16 million in FY2021.
- Quarterly Free Cash Flow has run from a low of -$2.37 billion in Q4 2022 to a high of $1.87 billion in Q1 2022 over five years.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q2 2022, with growth of 702.6%; the weakest was Q1 2023, with a decline of 88.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $283 million (Q1 2026), -$496 million (Q4 2025) and -$67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 9.14 Bn |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 5.46 Bn |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 1.39 Bn |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 1.46 Bn |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 928.00 Mn |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 1.16 Bn |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 264.00 Mn |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 89.10 Mn |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | 36.00 Mn |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 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();