IEP
Icahn Enterprises L.P.
NasdaqGSUSDEQUITY
Energy
DELAYED
Strong sell
-60/100
Last price
6.63
▼ 0.04 (0.60%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
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Range —
Vol —
vs
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Open
—
Prev close
6.67
Day high
6.70
Day low
6.60
Volume
1.00M
Market cap
$4.71B
P/E (TTM)
—
52W range
6.51 – 9.32
Trailing performance
Returnvs SPY
1W
-3.35%
-5.3%
1M
-2.79%
-3.9%
3M
-9.43%
-13.9%
6M
-14.34%
-32.5%
YTD
-12.19%
-26.4%
1Y
-20.69%
-37.1%
3Y
-66.48%
-148.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on IEP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
7.11K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 6, 26 | FLINT ROBERT Chief Financial Officer |
— | 20.49K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FLINT ROBERT |
Chief Financial Officer | 0 | Conversion of Exercise of derivative security |
Fundamentals
Market cap$4.71B
Enterprise value$10.66B
Revenue (TTM)$10.39B
Gross profit$740.00M
EBITDA$526.00M
Net income$-515.00M
EPS (TTM)$-0.71
Free cash flow$138.00M
Total cash$1.22B
Total debt$6.84B
Book value / share$2.55
Shares outstanding710.92M
Float51.70M
Short % of float10.77%
Dividend yield30.17%
Beta (5Y)0.70
Valuation & profitability ratios
Trailing P/E—
Forward P/E8.19
PEG ratio1.15
Price / sales—
Price / book2.60
EV / revenue1.03
EV / EBITDA20.27
Gross margin7.12%
Operating margin-8.64%
Profit margin-4.96%
Return on equity-17.81%
Return on assets-0.46%
Debt / equity318.69
Current ratio1.65
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $9.29B | $9.90B | $11.85B | $14.13B | -6.1% |
| Operating revenue | $8.63B | $9.19B | $11.08B | $13.38B | -6.1% |
| Cost of revenue | $7.98B | $8.62B | $9.33B | $11.69B | -7.4% |
| Gross profit | $1.32B | $1.28B | $2.52B | $2.44B | +2.8% |
| Selling, general & admin | $837.00M | $783.00M | $852.00M | $1.25B | +6.9% |
| Total operating expense | $1.44B | $1.39B | $1.63B | $1.83B | +3.6% |
| Operating income | -$119.00M | -$105.00M | $886.00M | $604.00M | -13.3% |
| Net interest income | -$216.00M | -$46.00M | $82.00M | -$240.00M | -369.6% |
| Pre-tax income | -$345.00M | -$567.00M | -$922.00M | $9.00M | +39.2% |
| Tax provision | -$19.00M | -$25.00M | $90.00M | $34.00M | +24.0% |
| Net income | -$299.00M | -$445.00M | -$684.00M | -$183.00M | +32.8% |
| Net income to common | -$293.00M | -$436.00M | -$670.00M | -$179.00M | +32.8% |
| Basic EPS | -0.52 | -0.94 | -1.75 | -0.57 | +44.7% |
| Diluted EPS | -0.52 | -0.94 | -1.75 | -0.57 | +44.7% |
| EBIT | $159.00M | -$44.00M | -$368.00M | $577.00M | +461.4% |
| EBITDA | $762.00M | $467.00M | $150.00M | $1.09B | +63.2% |
| Basic shares | 562.00M | 466.00M | 382.00M | 316.00M | +20.6% |
| Diluted shares | 562.00M | 466.00M | 382.00M | 316.00M | +20.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.45B | $2.60B | $2.95B | $2.34B | -44.3% |
| Cash & short-term investments | $3.70B | $4.91B | $5.96B | $9.15B | -24.7% |
| Accounts receivable | $393.00M | $479.00M | $485.00M | $606.00M | -18.0% |
| Inventory | $845.00M | $897.00M | $1.05B | $1.53B | -5.8% |
| Total current assets | $8.69B | $10.58B | $14.87B | $20.88B | -17.8% |
| Property, plant & equipment | $3.67B | $3.84B | $3.97B | $4.04B | -4.5% |
| Goodwill & intangibles | $639.00M | $697.00M | $754.00M | $821.00M | -8.3% |
| Total assets | $14.21B | $16.28B | $20.86B | $27.91B | -12.7% |
| Total current liabilities | $1.90B | $2.42B | $2.76B | $3.76B | -21.4% |
| Current debt | $21.00M | $31.00M | $33.00M | $21.00M | -32.3% |
| Long-term debt | $6.59B | $6.78B | $7.17B | $7.08B | -2.7% |
| Total debt | $6.62B | $6.81B | $7.21B | $7.10B | -2.8% |
| Total liabilities | $10.79B | $11.66B | $14.79B | $18.36B | -7.5% |
| Shareholder equity | $0 | $0 | $0 | $0 | — |
| Working capital | $6.79B | $8.16B | $12.11B | $17.13B | -16.8% |
| Net tangible assets | -$639.00M | -$697.00M | -$754.00M | -$821.00M | +8.3% |
| Shares issued | 637.21M | 522.74M | 429.03M | 353.57M | +21.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$326.00M | -$542.00M | -$1.01B | -$25.00M | +39.9% |
| Depreciation & amortisation | $603.00M | $511.00M | $518.00M | $509.00M | +18.0% |
| Change in working capital | -$557.00M | $2.37B | $3.14B | -$2.71B | -123.5% |
| Operating cash flow | -$313.00M | $832.00M | $3.74B | $1.05B | -137.6% |
| Capital expenditure | -$341.00M | -$280.00M | -$303.00M | -$338.00M | -21.8% |
| Investing cash flow | -$402.00M | -$215.00M | -$290.00M | -$260.00M | -87.0% |
| Dividends paid | -$288.00M | -$391.00M | -$307.00M | -$226.00M | +26.3% |
| Financing cash flow | -$1.10B | -$1.32B | -$2.38B | -$344.00M | +16.5% |
| Free cash flow | -$654.00M | $552.00M | $3.43B | $717.00M | -218.5% |
| End cash position | $3.42B | $5.24B | $5.95B | $4.89B | -34.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $3.26B | $2.47B | $2.33B | $2.48B | $2.31B | +31.7% |
| Operating revenue | $3.08B | $2.31B | $2.17B | $2.32B | $2.14B | +33.3% |
| Cost of revenue | $2.88B | $2.34B | $2.16B | $1.69B | $2.12B | +23.2% |
| Gross profit | $373.00M | $132.00M | $167.00M | $799.00M | $197.00M | +182.6% |
| Selling, general & admin | $203.00M | $209.00M | $211.00M | $218.00M | $207.00M | -2.9% |
| Total operating expense | $350.00M | $350.00M | $355.00M | $368.00M | $361.00M | 0.0% |
| Operating income | $23.00M | -$218.00M | -$188.00M | $431.00M | -$164.00M | +110.6% |
| Net interest income | -$72.00M | -$76.00M | -$59.00M | -$52.00M | -$60.00M | +5.3% |
| Pre-tax income | -$386.00M | -$612.00M | $17.00M | $538.00M | -$246.00M | +36.9% |
| Tax provision | $2.00M | -$49.00M | -$27.00M | $127.00M | -$45.00M | +104.1% |
| Net income | -$355.00M | -$459.00M | $1.00M | $287.00M | -$165.00M | +22.7% |
| Net income to common | -$348.00M | -$450.00M | $2.00M | $281.00M | -$162.00M | +22.7% |
| Basic EPS | -0.52 | -0.71 | 0.00 | 0.49 | -0.30 | +26.8% |
| Diluted EPS | -0.52 | -0.71 | 0.00 | 0.49 | -0.30 | +26.8% |
| EBIT | -$265.00M | -$489.00M | $142.00M | $660.00M | -$117.00M | +45.8% |
| EBITDA | -$141.00M | -$366.00M | $337.00M | $818.00M | $15.00M | +61.5% |
| Basic shares | 669.00M | 637.00M | 605.00M | 575.00M | 545.00M | +5.0% |
| Diluted shares | 669.00M | 637.00M | 605.00M | 575.00M | 545.00M | +5.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.22B | $1.30B | $1.45B | $1.79B | $1.80B | — | -6.0% |
| Cash & short-term investments | $2.72B | $2.94B | $3.70B | $3.82B | $3.78B | — | -7.4% |
| Accounts receivable | $488.00M | $481.00M | $393.00M | $418.00M | $420.00M | — | +1.5% |
| Inventory | $978.00M | $927.00M | $845.00M | $892.00M | $905.00M | — | +5.5% |
| Total current assets | $7.45B | $7.44B | $8.69B | $9.22B | $9.06B | — | +0.0% |
| Property, plant & equipment | $3.62B | $3.63B | $3.67B | $3.74B | $3.79B | — | -0.5% |
| Goodwill & intangibles | $619.00M | $630.00M | $639.00M | $658.00M | $671.00M | — | -1.7% |
| Total assets | $12.89B | $12.93B | $14.21B | $14.83B | $14.84B | — | -0.3% |
| Total current liabilities | $2.27B | $2.46B | $1.90B | $2.00B | $2.41B | — | -7.8% |
| Current debt | $25.00M | $26.00M | $21.00M | $22.00M | — | $24.00M | -3.8% |
| Long-term debt | $6.36B | $6.37B | $6.59B | $6.67B | $6.71B | — | -0.0% |
| Total debt | $6.39B | $6.39B | $6.62B | $6.69B | $6.71B | — | -0.0% |
| Total liabilities | $10.74B | $10.59B | $10.79B | $11.41B | $11.42B | — | +1.5% |
| Shareholder equity | $0 | $0 | $0 | $0 | $0 | — | — |
| Working capital | $5.17B | $4.98B | $6.79B | $7.22B | $6.65B | — | +3.9% |
| Net tangible assets | -$619.00M | -$630.00M | -$639.00M | -$658.00M | -$671.00M | — | +1.7% |
| Shares issued | 710.92M | 637.21M | 637.21M | 600.21M | 573.25M | — | +11.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$388.00M | -$563.00M | $44.00M | $411.00M | -$201.00M | +31.1% |
| Depreciation & amortisation | $124.00M | $123.00M | $195.00M | $158.00M | $132.00M | +0.8% |
| Change in working capital | -$13.00M | $909.00M | -$428.00M | -$964.00M | $331.00M | -101.4% |
| Operating cash flow | $116.00M | $397.00M | -$421.00M | $15.00M | $275.00M | -70.8% |
| Capital expenditure | -$80.00M | -$114.00M | -$75.00M | -$82.00M | -$96.00M | +29.8% |
| Investing cash flow | -$76.00M | -$110.00M | -$65.00M | -$33.00M | -$186.00M | +30.9% |
| Dividends paid | — | — | -$55.00M | -$79.00M | — | — |
| Financing cash flow | -$142.00M | -$412.00M | -$124.00M | -$431.00M | -$485.00M | +65.5% |
| Free cash flow | $36.00M | $283.00M | -$496.00M | -$67.00M | $179.00M | -87.3% |
| End cash position | $3.19B | $3.29B | $3.42B | $4.03B | $4.48B | -3.1% |
Options analytics
Put / call volume
0.05
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-84.9% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
94
Contracts, this expiry
Put volume
5
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
6.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | 0.10 | -0.71 | -810.0% |
| Dec 2025 | 0.17 | 0.00 | -100.0% |
| Sep 2025 | 0.14 | 0.49 | +250.0% |
| Jun 2025 | 0.14 | -0.30 | -314.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.00%
Held by institutions94.89%
Institutions holding130
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
6.82
-2.83% from price
SMA 20
6.91
-4.05% from price
SMA 50
7.07
-6.20% from price
SMA 100
7.26
-8.74% from price
SMA 200
7.55
-12.22% from price
EMA 12
6.81
-2.58% from price
EMA 26
6.90
-3.88% from price
EMA 50
7.03
-5.65% from price
RSI (14)
34.4
Neutral
MACD (12,26,9)
-0.09
Hist -0.03
ATR (14)
0.13
1.99% of price
Realised vol 30D
19.7%
Annualised
Bollinger upper
7.21
20, 2σ
Bollinger lower
6.61
20, 2σ
50 / 200 cross
Death
7.07 vs 7.55
Trend bias
Below 200
-12.22%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.46
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
19.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-27.5%
Peak to trough
Max drawdown 5Y
-88.6%
Peak to trough
ATR 14
0.13
1.99% of price
Beta (reported)
0.70
5Y monthly, from filing
Short interest
Shares short
17.40M
Prior 17.88M
Change vs prior
-2.7%
Shorts covering
% of float
10.77%
Elevated
% of shares out
2.45%
Against total outstanding
Days to cover
15.2
Crowded exit
Float
51.70M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 7, 23 | Jefferies | MAINTAINED | Buy | Buy |
| Aug 29, 19 | UBS | MAINTAINED | — | Sell |
| May 7, 19 | UBS | MAINTAINED | Sell | Sell |
| Mar 6, 18 | UBS | MAINTAINED | Sell | Sell |
| Nov 8, 17 | UBS | MAINTAINED | — | Sell |
| Aug 18, 16 | UBS | DOWNGRADE | Neutral | Sell |
| Apr 18, 14 | Jefferies | MAINTAINED | — | Buy |
| Apr 10, 13 | Jefferies | INITIATED | — | Buy |
Dividends & splits
Forward rate$2.00 / yr
Forward yield30.17%
5-year avg yield22.45%
Payout ratio5714.29%
Ex-dividend dateAug 17, 2026
Next pay dateSep 23, 2026
Last split10059:10000
Split dateNov 13, 2012
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-20
Corporate Changes & Voting Matters
8-K · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-21
Corporate Changes & Voting Matters
8-K · 2026-05-11
Periodic Financial Reports
10-Q · 2026-05-06
Corporate Changes & Voting Matters
8-K · 2026-03-05
Periodic Financial Reports
10-K · 2026-02-26
Headlines
5 Massive Dividend Yields Being Funded With Someone Else’s Money
24/7 Wall St. · 19h ago
6 High-Yield Dividends at Risk of a Cut After Asset Sales Dry Up
24/7 Wall St. · 8d ago
Icahn, Hedge Funds Sued Over Arbitrage Bets on Endeavor Buyout
Bloomberg · 16d ago
These 6 Massive Dividend Yields May Be Too Good to Be True
24/7 Wall St. · 18d ago
Carl Icahn Added Nearly 69 Million Shares of His Own Company Last Quarter
24/7 Wall St. · 18d ago
6 Ultra-High-Yield Names Where Coverage Is Cracking
24/7 Wall St. · 25d ago
JetBlue Airways' 2 Board Members Exit Under Icahn Pact
MT Newswires · 41d ago
JetBlue Announces Board Changes
Business Wire · 41d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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