Icahn Enterprises (IEP) Operating Margin (2010 - 2026)
Icahn Enterprises' (IEP) quarterly Operating Margin came in at 133.82% in Q1 2026, down 719.0% YoY from 21.62% in Q1 2025, and down 68.49% on a QoQ basis from 79.42% in Q4 2025.
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Icahn Enterprises (IEP) Operating Margin (2010 - 2026) Analysis & Trends
Icahn Enterprises (IEP) has 10 years of Operating Margin data on file, last reported at 133.82% in Q1 2026.
- Quarterly Operating Margin fell 719.0% year-over-year to 133.82% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 98.7% (up 1672.0% YoY) and the FY2025 annual result came in at 86.18%, up 2274.0% from the prior year.
- Operating Margin retreated to 133.82% in Q1 2026, from 79.42% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 37.99% in Q1 2022 to a low of 133.82% in Q1 2026.
- A 5-year average of 93.73% and a median of 95.42% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin plunged 6055 bps — and 2025, when it soared 5473 bps.
- Tracing IEP's Operating Margin over 5 years: stood at 61.4% in 2022, then tumbled by 40 bps to 85.73% in 2023, then slipped by 27 bps to 108.9% in 2024, then climbed by 27 bps to 79.42% in 2025, then tumbled by 68 bps to 133.82% in 2026.
- The last three Operating Margin figures came in at 133.82% (Q1 2026), 79.42% (Q4 2025), and 67.18% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.01 Bn | 104.24 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 107.72 Bn | 99.85 Bn | 5.47 Bn | 11.68% |
| 3 | Phillips 66 | 102.68 Bn | 98.59 Bn | 8.38 Bn | -74.35% |
| 4 | HF Sinclair | 19.04 Bn | 16.78 Bn | 1.57 Bn | 11.24% |
| 5 | Sunoco | 10.45 Bn | 9.67 Bn | 1.46 Bn | 4.09% |
| 6 | PBF Energy | 8.96 Bn | 8.06 Bn | 1.15 Bn | 10.89% |
| 7 | Ultrapar Holdings | 7.64 Bn | 5.53 Bn | 912.61 Mn | 14.59% |
| 8 | Icahn Enterprises | 4.53 Bn | 2.56 Bn | 198.00 Mn | -102.66% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 7.40% |
| 10 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 2.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -102.66% |
| Mar 31, 2026 | -123.19% |
| Dec 31, 2025 | -79.42% |
| Sep 30, 2025 | -42.09% |
| Jun 30, 2025 | -99.79% |
| Mar 31, 2025 | -126.62% |
| Dec 31, 2024 | -90.93% |
| Sep 30, 2024 | -77.39% |
| Jun 30, 2024 | -106.28% |
| Mar 31, 2024 | -81.38% |
| Dec 31, 2023 | -99.43% |
| Sep 30, 2023 | -76.78% |
| Jun 30, 2023 | -96.94% |
| Mar 31, 2023 | -92.42% |
| Dec 31, 2022 | -106.95% |
| Sep 30, 2022 | -95.42% |
| Jun 30, 2022 | -83.40% |
| Mar 31, 2022 | -37.99% |
| Dec 31, 2021 | -156.98% |
| Sep 30, 2021 | -93.79% |