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IEP (Icahn Enterprises LP) Degree of Operating Leverage : -236.24 (As of Mar. 2025)


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What is Icahn Enterprises LP Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Icahn Enterprises LP's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was -236.24. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Icahn Enterprises LP's Degree of Operating Leverage or its related term are showing as below:

IEP's Degree of Operating Leverage is ranked better than
98.79% of 906 companies
in the Oil & Gas industry
Industry Median: 0.915 vs IEP: -236.24

Icahn Enterprises LP Degree of Operating Leverage Historical Data

The historical data trend for Icahn Enterprises LP's Degree of Operating Leverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Icahn Enterprises LP Degree of Operating Leverage Chart

Icahn Enterprises LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.36 -2.20 19.15 10.15 5.36

Icahn Enterprises LP Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.22 6.33 4.54 5.36 -236.24

Competitive Comparison of Icahn Enterprises LP's Degree of Operating Leverage

For the Oil & Gas Refining & Marketing subindustry, Icahn Enterprises LP's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Icahn Enterprises LP's Degree of Operating Leverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Icahn Enterprises LP's Degree of Operating Leverage falls into.


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Icahn Enterprises LP Degree of Operating Leverage Calculation

Icahn Enterprises LP's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -687 (Mar. 2025) / -19 (Mar. 2024) - 1 )/( 9643 (Mar. 2025) / 11329 (Mar. 2024) - 1 )
=35.1579/-0.1488
=-236.24***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Icahn Enterprises LP  (NAS:IEP) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Icahn Enterprises LP Degree of Operating Leverage Related Terms

Thank you for viewing the detailed overview of Icahn Enterprises LP's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Icahn Enterprises LP Business Description

Industry
Traded in Other Exchanges
N/A
Address
16690 Collins Avenue, PH-1, Penthouse Suite, Sunny Isles Beach, FL, USA, 33160
Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
Executives
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
David Willetts director, officer: President and CEO 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Ted Papapostolou director, officer: CFO & Chief Accounting Officer 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
A B Krongard director C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Aris Kekedjian director, officer: President and CEO 655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Carl C Icahn director, 10 percent owner, officer: Chairman of the Board of GP C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Stephen A Mongillo director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Denise Barton director 3149 STERLINGSHIRE DRIVE, LAS VEGAS NV 89146
Jack Gumpert Wasserman director 510 EAST 86TH STREET, NEW YORK NY 10028-7504
Michael Nevin director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Keith Cozza director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sunghwan Cho officer: Chief Financial Officer C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Peter Reck officer: Principal Accounting Officer C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153