Icahn Enterprises L.P. (IEP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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IEP Revenue Growth
Revenue Breakdown (FY 2024)
IEP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
IEP Revenue Analysis (2013–2024)
As of May 6, 2026, Icahn Enterprises L.P. (IEP) generated trailing twelve-month (TTM) revenue of $9.74 billion, reflecting modest growth of +0.7% year-over-year. The most recent quarter (Q3 2025) recorded $2.73 billion in revenue, up 12.6% sequentially.
Looking at the longer-term picture, IEP's 5-year compound annual growth rate (CAGR) stands at -1.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $20.64 billion in 2013.
Revenue diversification analysis shows IEP's business is primarily driven by Energy (76%), Automotive Segment (15%), and Food Packaging Segment (4%). With over half of revenue concentrated in Energy, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CODI (+6.0% YoY), CVR (-12.3% YoY), and PSX (-1.3% YoY), IEP has underperformed the peer group in terms of revenue growth. Compare IEP vs CODI →
IEP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IEPCurrent | $9.7B | +0.7% | -1.9% | 1.5% | |
 CODI | $1.8B | +6.0% | +7.2% | -0.8% | |
 CVR | $27M | -12.3% | -3.9% | -19.1% | |
 PSX | $132.2B | -1.3% | +15.7% | 2.7% | |
 VVV | $1.7B | +5.9% | +18.7% | 18.0% | |
 REZI | $7.5B | +10.5% | +8.1% | 8.1% |
IEP Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $10.17B | -14.7% | $935.0M | 9.2% | $152.0M | 1.5% |
| 2023 | $11.92B | -17.3% | $1.95B | 16.3% | $1.10B | 9.2% |
| 2022 | $14.42B | +17.3% | $2.20B | 15.3% | $950.0M | 6.6% |
| 2021 | $12.29B | +84.4% | $2.33B | 19.0% | $1.09B | 8.9% |
| 2020 | $6.67B | -40.6% | $-196,000,000 | -2.9% | $-1,387,000,000 | -20.8% |
| 2019 | $11.22B | +3.0% | $2.47B | 22.0% | $1.09B | 9.7% |
| 2018 | $10.89B | +4.0% | $1.21B | 11.1% | $-172,000,000 | -1.6% |
| 2017 | $10.48B | -35.4% | $1.70B | 16.2% | $431.0M | 4.1% |
| 2016 | $16.21B | +7.0% | $1.64B | 10.1% | $-701,000,000 | -4.3% |
| 2015 | $15.15B | -20.1% | $1.76B | 11.7% | $-143,000,000 | -0.9% |
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Start ComparisonIEP — Frequently Asked Questions
Quick answers to the most common questions about buying IEP stock.
Is IEP's revenue growth accelerating or slowing?
IEP revenue growth slowed to +0.7%, below the 5-year CAGR of -1.9%. TTM revenue is $9.7B. The deceleration marks a shift from historical growth rates.
What is IEP's long-term revenue growth rate?
Icahn Enterprises L.P.'s 5-year revenue CAGR of -1.9% reflects the variable expansion pattern. Current YoY growth of +0.7% is near this long-term average.
How is IEP's revenue distributed by segment?
IEP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.