Icahn Enterprises L.P. revenue by segment IEP

Annual Quarterly

Icahn Enterprises L.P. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Energy at $7.2 billion, 74% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Energy at $7.2 billion, 74% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2021 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	11,049	9,658	10,020	10,934	14,196	11,338	6,123	8,994	11,777	12,619	7,379
Operating segments
Energy	9,817 +33.5% share 88.8%	7,188 -6.5% share 74.4%	7,684 -17.3% share 76.7%	9,297 share 85.0%	10,815 +172.7% share 76.2%	7,327 +84.7% share 64.6%	3,966 -37.9% share 64.8%	6,385 -10.5% share 71.0%	7,135 +19.2% share 60.6%	5,988 share 47.5%	—
Automotive	1,432 -3.5% share 13.0%	1,423 -7.6% share 14.7%	1,540 -12.2% share 15.4%	1,754 share 16.0%	2,398 -2.7% share 16.9%	2,370 -3.9% share 20.9%	2,465 -14.9% share 40.3%	2,895 +1.4% share 32.2%	2,856 share 24.3%	—	—
Food Packaging	350 -6.4% share 3.2%	362 share 3.7%	—	435 share 4.0%	426 +5.7% share 3.0%	402 -0.2% share 3.5%	403 +6.9% share 6.6%	377 -0.5% share 4.2%	379 share 3.2%	—	—
Home Fashion	169 -1.7% share 1.5%	171 -0.6% share 1.8%	172 -1.7% share 1.7%	175 share 1.6%	217 +14.2% share 1.5%	197 +3.7% share 1.7%	190 +2.2% share 3.1%	186 +8.8% share 2.1%	171 -6.6% share 1.5%	183 share 1.5%	—
Pharma	74 -33.3% share 0.7%	105 -5.4% share 1.1%	111 +13.3% share 1.1%	98 share 0.9%	72 +2300.0% share 0.5%	85 +2733.3% share 0.7%	3 share 0.0%	—	—	—	—
Holding Company	31 -58.7% share 0.3%	61 -44.0% share 0.6%	109 -0.9% share 1.1%	110 share 1.0%	78 +211.4% share 0.5%	-25 +64.3% share -0.2%	-70 +73.2% share -1.1%	-261 +10.3% share -2.9%	-291 -527.9% share -2.5%	68 share 0.5%	—
Investment	-963 -146.9% share -8.7%	12 +114.0% share 0.1%	-86 +92.0% share -0.9%	-1,078 share -9.9%	-23 +98.2% share -0.2%	202 +116.2% share 1.8%	-1,249 +11.7% share -20.4%	-1,414 -291.9% share -15.7%	737 +148.1% share 6.3%	297 share 2.4%	—
Sales mix
Energy	9,817 +33.5% share 88.8%	7,188 -6.5% share 74.4%	7,684 -17.3% share 76.7%	9,297 share 85.0%	10,815 +172.7% share 76.2%	7,327 +84.7% share 64.6%	3,966 -37.9% share 64.8%	6,385 -10.5% share 71.0%	7,135 +19.2% share 60.6%	5,988 share 47.5%	—
Automotive	1,432 -3.5% share 13.0%	1,423 -7.6% share 14.7%	1,540 -12.2% share 15.4%	1,754 share 16.0%	2,398 -2.7% share 16.9%	2,370 -3.9% share 20.9%	2,465 -14.9% share 40.3%	2,895 +1.4% share 32.2%	2,856 share 24.3%	—	—
Food Packaging	350 -6.4% share 3.2%	362 share 3.7%	—	435 share 4.0%	426 +5.7% share 3.0%	402 -0.2% share 3.5%	403 +6.9% share 6.6%	377 -0.5% share 4.2%	379 share 3.2%	—	—
Home Fashion	169 -1.7% share 1.5%	171 -0.6% share 1.8%	172 -1.7% share 1.7%	175 share 1.6%	217 +14.2% share 1.5%	197 +3.7% share 1.7%	190 +2.2% share 3.1%	186 +8.8% share 2.1%	171 -6.6% share 1.5%	183 share 1.5%	—
Pharma	74 -33.3% share 0.7%	105 -5.4% share 1.1%	111 +13.3% share 1.1%	98 share 0.9%	72 +2300.0% share 0.5%	85 +2733.3% share 0.7%	3 share 0.0%	—	—	—	—
Holding Company	31 -58.7% share 0.3%	61 -44.0% share 0.6%	109 -0.9% share 1.1%	110 share 1.0%	78 +211.4% share 0.5%	-25 +64.3% share -0.2%	-70 +73.2% share -1.1%	-261 +10.3% share -2.9%	-291 -527.9% share -2.5%	68 share 0.5%	—
Investment	-963 -146.9% share -8.7%	12 +114.0% share 0.1%	-86 +92.0% share -0.9%	-1,078 share -9.9%	-23 +98.2% share -0.2%	202 +116.2% share 1.8%	-1,249 +11.7% share -20.4%	-1,414 -291.9% share -15.7%	737 +148.1% share 6.3%	297 share 2.4%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Petroleum Refining (SIC 2911)
Listed as: IEP (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Sunny Isles Beach, FL
SEC filer status: Large accelerated filer
SEC CIK: 813762
Former names: AMERICAN REAL ESTATE PARTNERS L P (until Sep 20, 2007)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.