Last 47 quarters of trend data · Industrials · Conglomerates
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -12.83 | — | — | 1179.69 | 4.30 | — | — | — | 73.32 | — | — | — | — | — | — | — | — | — | 12.25 | — | — |
| — | — | — | — | -94.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | -40.8% | — | — | |
| P/S Ratio | 0.48 | 0.39 | 0.50 | 0.40 | 0.44 | 0.45 | 0.59 | 0.42 | 0.60 | 0.70 | 0.82 | 0.60 | 0.63 | 0.91 | 1.57 | 1.27 | 1.18 | 1.13 | 0.90 | 1.33 | 1.27 |
| — | -13.7% | -15.2% | -6.0% | -25.5% | -35.4% | -27.7% | -29.2% | -4.9% | -22.7% | -48.0% | -52.8% | -46.9% | -20.0% | +74.1% | -4.8% | -7.2% | +10.7% | +0.9% | +75.7% | -42.2% | |
| P/B Ratio | 1.12 | 2.25 | 1.85 | 1.27 | 1.42 | 1.28 | 1.27 | 0.95 | 1.34 | 1.38 | 1.30 | 1.17 | 1.18 | 1.48 | 2.15 | 1.80 | 1.63 | 1.45 | 1.59 | 1.49 | 1.33 |
| — | +75.4% | +46.1% | +33.7% | +6.0% | -6.9% | -2.4% | -18.8% | +13.6% | -7.1% | -39.8% | -35.3% | -27.9% | +2.3% | +35.4% | +20.8% | +22.8% | +5.3% | +15.8% | +16.9% | +7.1% | |
| P/FCF | — | 33.50 | 3.84 | — | — | 6.13 | — | 7.02 | — | 2.24 | — | 136.20 | 1.25 | 1.61 | 22.11 | — | 6.58 | 6.03 | 2.08 | 18.43 | 9.52 |
| — | +446.7% | — | — | — | +173.3% | — | -94.8% | — | +39.4% | — | — | -81.0% | -73.3% | +962.2% | — | -30.8% | -86.7% | — | — | +530.7% | |
| EV / EBITDA | 12.80 | — | — | 4.64 | 3.55 | 28.99 | — | 15.52 | 11.98 | 11.78 | 168.20 | 8.10 | 9.23 | 11.30 | 15.37 | 33.78 | 102.91 | — | 3.76 | — | 711.83 |
| — | — | — | -70.1% | -70.3% | +146.2% | — | +91.5% | +29.8% | +4.2% | +994.3% | -76.0% | -91.0% | — | +309.3% | — | -85.5% | — | -22.9% | — | — | |
| EV / EBIT | — | — | — | 13.27 | 3.75 | — | — | — | 15.45 | — | 24.44 | — | 16.65 | — | — | — | — | — | 4.91 | — | — |
| — | — | — | — | -75.7% | — | — | — | -7.2% | — | — | — | — | — | — | — | — | — | -32.4% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.9% | 6.4% | -22.5% | 15.5% | 27.7% | 6.2% | -7.0% | 8.4% | 12.2% | 11.6% | 3.6% | 16.2% | 14.9% | 15.7% | 18.7% | 11.9% | 6.7% | -0.3% | 38.0% | -4.0% | 7.6% |
| — | +3.0% | -221.6% | +84.3% | +127.5% | -46.3% | -296.1% | -48.1% | -17.9% | -25.9% | -80.9% | +36.5% | +123.1% | +5185.4% | -50.7% | +395.7% | -12.6% | -101.2% | +0.2% | -107.8% | +120.2% | |
| Operating Margin | -0.0% | -12.5% | -32.2% | 7.7% | 19.7% | -2.3% | -17.0% | 0.5% | 4.7% | 4.7% | -5.0% | 9.5% | 8.1% | 8.4% | 10.9% | 2.2% | -2.3% | -10.0% | 31.0% | -15.6% | -4.5% |
| — | -441.2% | -89.1% | +1566.6% | +317.4% | -149.3% | -239.8% | -95.1% | -41.9% | -43.8% | -146.0% | +334.5% | +455.5% | +183.3% | -64.9% | +113.9% | +49.4% | -162.8% | +5.7% | -135.5% | +92.6% | |
| Net Margin | -3.1% | -11.5% | -20.7% | 0.0% | 10.5% | -6.7% | -20.6% | -3.7% | 0.8% | -12.3% | -1.7% | -4.6% | -0.2% | -9.0% | -9.1% | -7.4% | -3.5% | -3.9% | 7.4% | -18.5% | -5.6% |
| — | -72.1% | -0.6% | +101.0% | +1195.5% | +45.6% | -1145.2% | +19.1% | +521.5% | -36.7% | +81.8% | +37.5% | +94.6% | -133.5% | -223.4% | +60.2% | +36.1% | +3.2% | +70.5% | -603.9% | +90.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.3% | -15.8% | -15.6% | 0.0% | 8.4% | -4.5% | -9.9% | -2.0% | 0.4% | -5.9% | -0.6% | -2.1% | -0.1% | -3.4% | -2.9% | -2.6% | -1.2% | -1.3% | 3.3% | -5.0% | -1.4% |
| — | -249.5% | -57.5% | +101.4% | +1847.4% | +23.4% | -1465.1% | +5.1% | +595.7% | -75.3% | +78.5% | +16.8% | +92.8% | -168.2% | -188.4% | +48.5% | +16.5% | +8.2% | +96.6% | -417.1% | +80.2% | |
| ROA | -1.9% | -2.7% | -3.3% | 0.0% | 1.9% | -1.1% | -2.6% | -0.6% | 0.1% | -1.7% | -0.2% | -0.6% | -0.0% | -1.1% | -1.0% | -0.9% | -0.4% | -0.5% | 1.1% | -1.7% | -0.5% |
| — | -157.3% | -27.2% | +101.2% | +1457.9% | +37.4% | -1342.0% | +10.8% | +554.9% | -56.9% | +81.5% | +29.2% | +93.9% | -138.4% | -185.7% | +48.1% | +14.3% | +4.2% | +91.2% | -390.4% | +82.4% | |
| ROIC | -0.0% | -4.5% | -8.7% | 2.1% | 4.9% | -0.5% | -3.0% | 0.1% | 0.9% | 1.0% | -0.8% | 1.6% | 1.4% | 1.2% | 1.3% | 0.3% | -0.4% | -1.6% | 5.8% | -1.6% | -0.5% |
| — | -739.7% | -187.1% | +2176.2% | +423.8% | -155.9% | -299.4% | -94.4% | -34.1% | -20.6% | -158.8% | +424.9% | +475.8% | +176.9% | -77.7% | +119.5% | +16.3% | -176.2% | +32.3% | -119.5% | +87.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.93 | 3.65 | 2.72 | 1.93 | 2.52 | 2.40 | 2.19 | 1.89 | 2.00 | 1.23 | 1.17 | 1.85 | 1.72 | 1.53 | 1.56 | 1.47 | 1.31 | 1.15 | 1.27 | 1.45 | 1.32 |
| — | +52.3% | +24.4% | +2.4% | +26.0% | +95.0% | +86.4% | +2.1% | +16.3% | -19.4% | -24.8% | +25.4% | +31.2% | +33.1% | +23.2% | +1.8% | -0.5% | -10.4% | -9.9% | +20.1% | +20.4% | |
| Debt / EBITDA | 11.03 | — | — | 16.30 | 12.37 | 108.05 | — | 61.79 | 37.99 | 26.39 | 388.71 | 27.08 | 29.52 | 29.32 | 30.15 | 69.33 | 244.02 | — | 8.47 | — | 1648.00 |
| — | — | — | -73.6% | -67.4% | +309.4% | — | +128.2% | +28.7% | -10.0% | +1189.0% | -60.9% | -87.9% | — | +256.1% | — | -85.2% | — | -24.0% | — | — | |
| Current Ratio | 4.62 | 1.56 | 3.05 | 4.62 | 3.33 | 4.13 | 4.16 | 3.41 | 2.62 | 4.75 | 4.58 | 2.19 | 2.50 | 2.25 | 1.84 | 1.66 | 2.05 | 2.25 | 1.92 | 1.50 | 1.49 |
| — | -62.2% | -26.7% | +35.4% | +26.8% | -13.0% | -9.2% | +55.5% | +5.1% | +111.0% | +149.2% | +32.2% | +22.1% | +0.1% | -4.5% | +10.9% | +37.4% | +48.9% | +47.1% | -58.8% | -34.6% | |
| Quick Ratio | 4.17 | 0.99 | 2.67 | 4.17 | 2.91 | 3.60 | 3.60 | 3.04 | 2.37 | 4.37 | 4.24 | 2.00 | 2.28 | 2.04 | 1.68 | 1.48 | 1.82 | 1.97 | 1.69 | 1.31 | 1.27 |
| — | -72.4% | -26.0% | +37.2% | +22.7% | -17.6% | -15.0% | +52.0% | +3.9% | +114.2% | +152.1% | +35.2% | +25.2% | +3.7% | -0.2% | +12.7% | +42.9% | +54.5% | +54.5% | -60.4% | -31.2% | |
| Interest Coverage | 0.32 | -4.19 | -3.98 | 1.14 | 5.41 | -0.91 | -4.11 | -0.03 | 1.52 | -2.77 | 0.86 | -0.54 | 1.45 | -2.07 | -1.63 | -2.24 | -0.56 | -0.89 | 8.34 | -5.20 | -0.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying IEP stock.
Icahn Enterprises L.P.'s current P/E is -12.8x. The average P/E over the last 2 quarters is 592.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Icahn Enterprises L.P.'s current operating margin is -0.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Icahn Enterprises L.P.'s business trajectory between earnings reports.