Icahn Enterprises (IEP) Net Margin (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Net Margin came in at 12.59% in Q2 2026, down 411.0% on a YoY basis from 4.05% in Q2 2025, and up 48.31% quarter-over-quarter from 24.36% in Q1 2026.
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Analysis
Icahn Enterprises (IEP) Net Margin (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has reported Net Margin for 10 consecutive years, with 12.59% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 411.0% year-over-year to 12.59%; the trailing twelve-month figure through Jun 2026 stood at 4.1% (up 331.0% YoY), and the FY2025 full-year result was 2.05%, up 154.0% from the prior year.
- Net Margin advanced to 12.59% in Q2 2026 per IEP's latest filing, from 24.36% in the prior quarter.
- Across five years, Net Margin topped out at 15.08% in Q3 2025 and bottomed at 28.97% in Q1 2025.
- Historically, Net Margin has averaged 5.94% across 5 years, with a median of 4.35% in 2022.
- The sharpest annual moves came in 2022 and 2025: Net Margin soared 1308 bps in 2022, then sank 2792 bps in 2025.
- Over 5 years, Net Margin stood at 7.82% in 2022, then jumped by 34 bps to 5.14% in 2023, then soared by 86 bps to 0.74% in 2024, then soared by 584 bps to 3.6% in 2025, then tumbled by 450 bps to 12.59% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 12.59%, 24.36%, and 3.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 10.58% |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 9.16% |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 8.59% |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 1.98% |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 7.84% |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 8.45% |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 1.68% |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | -12.59% |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 4.41% |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 15.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.59% |
| Mar 31, 2026 | -24.36% |
| Dec 31, 2025 | 3.60% |
| Sep 30, 2025 | 15.08% |
| Jun 30, 2025 | -8.48% |
| Mar 31, 2025 | -28.97% |
| Dec 31, 2024 | -0.74% |
| Sep 30, 2024 | 2.87% |
| Jun 30, 2024 | -20.50% |
| Mar 31, 2024 | -1.05% |
| Dec 31, 2023 | -5.14% |
| Sep 30, 2023 | -0.20% |
| Jun 30, 2023 | -9.84% |
| Mar 31, 2023 | -9.61% |
| Dec 31, 2022 | -7.82% |
| Sep 30, 2022 | -3.55% |
| Jun 30, 2022 | -3.29% |
| Mar 31, 2022 | 7.74% |
| Dec 31, 2021 | -20.91% |
| Sep 30, 2021 | -5.46% |
API Access
Icahn Enterprises Net 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=net-margin&ticker=IEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=IEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();