Icahn Enterprises LP (IEP) - Net Assets
Based on the latest financial reports, Icahn Enterprises LP (IEP) has net assets worth $3.42 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.83 Billion) and total liabilities ($11.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Icahn Enterprises LP to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.42 Billion |
| % of Total Assets | 23.06% |
| Annual Growth Rate | 10.86% |
| 5-Year Change | -50.08% |
| 10-Year Change | -53.94% |
| Growth Volatility | 949.51 |
Icahn Enterprises LP - Net Assets Trend (1986–2024)
This chart illustrates how Icahn Enterprises LP's net assets have evolved over time, based on quarterly financial data. Also explore IEP total assets for the complete picture of this company's asset base.
Annual Net Assets for Icahn Enterprises LP (1986–2024)
The table below shows the annual net assets of Icahn Enterprises LP from 1986 to 2024. For live valuation and market cap data, see Icahn Enterprises LP market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.62 Billion | -23.91% |
| 2023-12-31 | $6.07 Billion | -36.46% |
| 2022-12-31 | $9.56 Billion | +2.30% |
| 2021-12-31 | $9.34 Billion | +0.93% |
| 2020-12-31 | $9.26 Billion | -15.40% |
| 2019-12-31 | $10.94 Billion | -15.21% |
| 2018-12-31 | $12.90 Billion | +13.52% |
| 2017-12-31 | $11.37 Billion | +41.80% |
| 2016-12-31 | $8.02 Billion | -20.09% |
| 2015-12-31 | $10.03 Billion | -19.02% |
| 2014-12-31 | $12.39 Billion | -6.91% |
| 2013-12-31 | $13.31 Billion | +36.18% |
| 2012-12-31 | $9.77 Billion | +24.77% |
| 2011-12-31 | $7.83 Billion | -0.77% |
| 2010-12-31 | $7.89 Billion | +16.52% |
| 2009-12-31 | $6.78 Billion | +6.83% |
| 2008-12-31 | $6.34 Billion | -29.90% |
| 2007-12-31 | $9.05 Billion | +247.60% |
| 2006-12-31 | $2.60 Billion | +44.36% |
| 2005-12-31 | $1.80 Billion | +27.89% |
| 2004-12-31 | $1.41 Billion | +1063.73% |
| 2003-12-31 | $121.15 Million | +184.58% |
| 2002-12-31 | $-143.23 Million | -478.36% |
| 2001-12-31 | $-24.77 Million | -8.14% |
| 2000-12-31 | $-22.90 Million | +77.78% |
| 1999-12-31 | $-103.09 Million | +88.55% |
| 1998-12-31 | $-900.42 Million | -9.74% |
| 1997-12-31 | $-820.51 Million | -65.18% |
| 1996-12-31 | $-496.74 Million | -19.59% |
| 1995-12-31 | $-415.37 Million | -5120.89% |
| 1994-12-31 | $8.27 Million | -96.50% |
| 1993-12-31 | $236.10 Million | +6.40% |
| 1992-12-31 | $221.90 Million | -1.68% |
| 1991-12-31 | $225.70 Million | -13.49% |
| 1990-12-31 | $260.90 Million | -6.82% |
| 1989-12-31 | $280.00 Million | -1.93% |
| 1988-12-31 | $285.50 Million | -6.61% |
| 1987-12-31 | $305.70 Million | +232.64% |
| 1986-12-31 | $91.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icahn Enterprises LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.30 Billion | 101.88% |
| Other Comprehensive Income | $-61.00 Million | -1.88% |
| Total Equity | $3.24 Billion | 100.00% |
Icahn Enterprises LP Competitors by Market Cap
The table below lists competitors of Icahn Enterprises LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Jianghai Capacitor Co Ltd
SHE:002484
|
$4.77 Billion |
|
Angel Yeast Co Ltd
SHG:600298
|
$4.78 Billion |
|
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716
|
$4.78 Billion |
|
CompoSecure, Inc.
NYSE:CMPO
|
$4.78 Billion |
|
Algonquin Power & Utilities Corp
TO:AQN
|
$4.77 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$4.77 Billion |
|
Dexus
AU:DXS
|
$4.76 Billion |
|
Lancaster Colony Corporation
NASDAQ:LANC
|
$4.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icahn Enterprises LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,969,000,000 to 3,241,000,000, a change of -728,000,000 (-18.3%).
- Net loss of 436,000,000 reduced equity.
- Dividend payments of 391,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,000,000.
- Other factors increased equity by 105,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-436.00 Million | -13.45% |
| Dividends Paid | $391.00 Million | -12.06% |
| Other Comprehensive Income | $-6.00 Million | -0.19% |
| Other Changes | $105.00 Million | +3.24% |
| Total Change | $- | -18.34% |
Book Value vs Market Value Analysis
This analysis compares Icahn Enterprises LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.58x to 1.20x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $14.34 | $8.35 | x |
| 1987-12-31 | $16.70 | $8.35 | x |
| 1988-12-31 | $16.41 | $8.35 | x |
| 1989-12-31 | $16.33 | $8.35 | x |
| 1990-12-31 | $15.53 | $8.35 | x |
| 1991-12-31 | $15.25 | $8.35 | x |
| 1992-12-31 | $15.07 | $8.35 | x |
| 1993-12-31 | $16.16 | $8.35 | x |
| 1994-12-31 | $0.57 | $8.35 | x |
| 1995-12-31 | $-15.66 | $8.35 | x |
| 1996-12-31 | $-16.69 | $8.35 | x |
| 1997-12-31 | $-22.51 | $8.35 | x |
| 1998-12-31 | $-13.61 | $8.35 | x |
| 1999-12-31 | $-1.79 | $8.35 | x |
| 2000-12-31 | $-1.52 | $8.35 | x |
| 2001-12-31 | $-1.61 | $8.35 | x |
| 2002-12-31 | $-2.46 | $8.35 | x |
| 2003-12-31 | $0.35 | $8.35 | x |
| 2004-12-31 | $0.24 | $8.35 | x |
| 2005-12-31 | $3.88 | $8.35 | x |
| 2006-12-31 | $40.47 | $8.35 | x |
| 2007-12-31 | $133294.19 | $8.35 | x |
| 2008-12-31 | $32.49 | $8.35 | x |
| 2009-12-31 | $82.49 | $8.35 | x |
| 2010-12-31 | $90.39 | $8.35 | x |
| 2011-12-31 | $83.62 | $8.35 | x |
| 2012-12-31 | $96.47 | $8.35 | x |
| 2013-12-31 | $119.27 | $8.35 | x |
| 2014-12-31 | $103.57 | $8.35 | x |
| 2015-12-31 | $79.21 | $8.35 | x |
| 2016-12-31 | $58.52 | $8.35 | x |
| 2017-12-31 | $70.61 | $8.35 | x |
| 2018-12-31 | $71.69 | $8.35 | x |
| 2019-12-31 | $31.34 | $8.35 | x |
| 2020-12-31 | $19.16 | $8.35 | x |
| 2021-12-31 | $16.53 | $8.35 | x |
| 2022-12-31 | $14.71 | $8.35 | x |
| 2023-12-31 | $10.39 | $8.35 | x |
| 2024-12-31 | $6.95 | $8.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icahn Enterprises LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.29%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 5.02x
- Recent ROE (-13.45%) is below the historical average (29.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 11.85% | 47.03% | 0.12x | 2.09x | $1.36 Million |
| 1987 | 10.23% | 45.47% | 0.11x | 2.06x | $610.00K |
| 1988 | 10.95% | 44.78% | 0.11x | 2.16x | $2.42 Million |
| 1989 | 10.94% | 43.63% | 0.11x | 2.22x | $2.36 Million |
| 1990 | 7.69% | 31.87% | 0.11x | 2.28x | $-5.43 Million |
| 1991 | 8.60% | 33.45% | 0.11x | 2.29x | $-3.17 Million |
| 1992 | 5.09% | 19.42% | 0.12x | 2.27x | $-10.89 Million |
| 1993 | 9.61% | 34.92% | 0.13x | 2.13x | $-910.00K |
| 1994 | 280.05% | 37.64% | 0.26x | 28.24x | $22.34 Million |
| 1995 | 0.00% | 50.28% | 0.00x | 0.00x | $76.69 Million |
| 1996 | 0.00% | 80.56% | 0.00x | 0.00x | $107.50 Million |
| 1997 | 0.00% | 106.30% | 0.00x | 0.00x | $157.43 Million |
| 1998 | 0.00% | 75.71% | 0.00x | 0.00x | $160.68 Million |
| 1999 | 0.00% | 97.24% | 1.10x | 0.00x | $106.12 Million |
| 2000 | 0.00% | 23.86% | 1.08x | 0.00x | $83.93 Million |
| 2001 | 0.00% | 22.71% | 1.15x | 0.00x | $76.75 Million |
| 2002 | 0.00% | 19.71% | 4.34x | 0.00x | $78.77 Million |
| 2003 | 349.20% | 24.00% | 0.80x | 18.25x | $66.15 Million |
| 2004 | 529.78% | 15.09% | 0.20x | 174.30x | $67.49 Million |
| 2005 | -7.56% | -1.83% | 0.23x | 18.18x | $-38.32 Million |
| 2006 | 0.94% | 1.65% | 0.35x | 1.63x | $-235.83 Million |
| 2007 | 0.00% | 0.48% | 0.20x | 0.00x | $-904.75 Billion |
| 2008 | -22.31% | -7.24% | 0.39x | 7.85x | $-774.80 Million |
| 2009 | 3.38% | 2.96% | 0.43x | 2.65x | $-448.50 Million |
| 2010 | 2.47% | 2.13% | 0.43x | 2.70x | $-594.40 Million |
| 2011 | 9.38% | 6.17% | 0.47x | 3.21x | $-48.30 Million |
| 2012 | 3.87% | 2.39% | 0.64x | 2.51x | $-600.50 Million |
| 2013 | 7.70% | 5.46% | 0.59x | 2.39x | $-305.90 Million |
| 2014 | -2.95% | -1.93% | 0.53x | 2.89x | $-1.60 Billion |
| 2015 | -11.66% | -7.72% | 0.42x | 3.63x | $-2.17 Billion |
| 2016 | -13.80% | -6.82% | 0.49x | 4.16x | $-1.91 Billion |
| 2017 | 20.95% | 22.74% | 0.33x | 2.80x | $1.25 Billion |
| 2018 | 15.80% | 18.72% | 0.47x | 1.81x | $748.50 Million |
| 2019 | -17.17% | -9.59% | 0.46x | 3.93x | $-1.70 Billion |
| 2020 | -38.25% | -24.30% | 0.27x | 5.90x | $-2.04 Billion |
| 2021 | -14.05% | -4.91% | 0.44x | 6.46x | $-1.03 Billion |
| 2022 | -3.85% | -1.24% | 0.52x | 6.01x | $-643.70 Million |
| 2023 | -16.88% | -5.62% | 0.57x | 5.26x | $-1.07 Billion |
| 2024 | -13.45% | -4.29% | 0.62x | 5.02x | $-760.10 Million |
Industry Comparison
This section compares Icahn Enterprises LP's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $2,575,916,222
- Average return on equity (ROE) among peers: 5.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icahn Enterprises LP (IEP) | $3.42 Billion | 11.85% | 3.34x | $4.77 Billion |
| Crossamerica Partners LP (CAPL) | $78.40 Million | 23.06% | 11.20x | $810.75 Million |
| Clean Energy Fuels Corp (CLNE) | $449.66 Million | -17.62% | 0.76x | $510.97 Million |
| Cosan SA ADR (CSAN) | $766.34 Million | 2.23% | 2.55x | $3.96 Billion |
| CVR Energy Inc (CVI) | $1.67 Billion | 22.78% | 1.34x | $2.89 Billion |
| HF Sinclair Corp (DINO) | $80.00 Million | 22.63% | 2.59x | $10.95 Billion |
| Delek US Energy Inc (DK) | $575.20 Million | -97.43% | 10.59x | $2.44 Billion |
| Delek Logistics Partners LP (DKL) | $-110.70 Million | 0.00% | 0.00x | $2.83 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.35 Million | 75.98% | 16.48x | $11.24 Million |
| Marathon Petroleum Corp (MPC) | $19.68 Billion | 14.50% | 1.19x | $61.10 Billion |
About Icahn Enterprises LP
Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The Investment segment invests its proprietary capital through various private investment funds; and it provides investment advisory, administrative, and back-office services to the investment funds. The Ener… Read more