IEP
Icahn Enterprises L.P.
IEP has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over IEP overall, supported by stronger fundamentals and stronger modeled upside.
IEP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Under pressure | |
| Strong |
IEP's revenue and balance sheet are currently healthy, but its profitability and cash flow are under pressure.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
IEP PE Valuation
IEP has no meaningful PE right now: it lost money over the past year.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
IEP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect IEP's earnings to grow, with its revenue and profitability holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over IEP on the outlook, with more favorable revenue and profitability expectations.
IEP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.50 | — |
| Q3 2026 | -$1.46 | -$0.68 |
| Q2 2026 | -$0.66 | +$0.56 |
| Q1 2026 | -$0.44 | +$1.20 |
| Q4 2025 | -$0.52 | +$0.42 |
| Q3 2025 | -$0.78 | +$0.25 |
| Q2 2025 | -$1.22 | -$0.13 |
| Q1 2025 | -$1.64 | -$0.55 |
| Q4 2024 | -$0.94 | +$0.81 |
IEP has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
IEP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +16% |
| Q2 2026 | $3B | +26% |
| Q1 2026 | $2.2B | +18% |
| Q4 2025 | $2.7B | +5.4% |
| Q3 2025 | $2.7B | -2.4% |
| Q2 2025 | $2.4B | +7.6% |
| Q1 2025 | $1.9B | -24% |
| Q4 2024 | $2.6B | -4.4% |
IEP's revenue is recovering but still below its 2022 peak: $3.2B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.6% | -23 points |
| Q2 2026 | -13% | -2.6 points |
| Q1 2026 | -28% | +7.3 points |
| Q4 2025 | 0.6% | +5.8 points |
| Q3 2025 | 20% | +17 points |
| Q2 2025 | -10% | +12 points |
| Q1 2025 | -35% | -34 points |
| Q4 2024 | -5.2% | +2.2 points |
IEP has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over IEP on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
IEP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $116M | +$183M |
| Q2 2026 | $36M | -80% |
| Q1 2026 | $283M | +$553M |
| Q4 2025 | -$496M | -418% |
| Q3 2025 | -$67M | +$45M |
| Q2 2025 | $179M | -78% |
| Q1 2025 | -$270M | +$49M |
| Q4 2024 | $156M | +1100% |
IEP has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
IEP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.5% | +46M shares |
| 1 year | +26% | +157M shares |
| 3 years | +84% | +346M shares |
| 5 years | +172% | +478M shares |
| Available history | +254% | +543M shares |
IEP has the edge over RDW on shareholder dilution, with a more favorable share count trend.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
IEP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -7.8x | Net Cash |
| Q1 2026 | -4.3x | Net Cash |
| Q4 2025 | -5.6x | Net Cash |
| Q3 2025 | -42.6x | Net Cash |
| Q4 2022 | -4.5x | Net Cash |
| Q3 2022 | -90.1x | Net Cash |
| Q2 2022 | -175.2x | Net Cash |
| Q1 2022 | -7.2x | Net Cash |
IEP has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
IEP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.7 | Oversold |
| Stochastic | 3.3 | Oversold |
IEP's weekly RSI is 21 (oversold) and its Stochastic is 3 (oversold).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
IEP PE vs Industrials Sector
| Metric | IEP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
IEP has no meaningful PE right now: it lost money over the past year.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
IEP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.93 | 18% below |
| 20 week MA | $6.72 | 28% below |
| 50 week MA | $7.34 | 34% below |
| 100 week MA | $8.11 | 40% below |
| 200 week MA | $16.0 | 70% below |
IEP is in a downtrend: it's below all five of its weekly moving averages, and 70% below its 200-week average.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
IEP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.2 | $51.0 | -18% |
| 2021 | $51.0 | $49.8 | -2.4% |
| 2022 | $49.8 | $50.7 | +1.8% |
| 2023 | $50.7 | $17.2 | -66% |
| 2024 | $17.2 | $8.94 | -48% |
| 2025 | $8.94 | $7.60 | -15% |
| 2026 YTD | $7.60 | $4.86 | -36% |
IEP has finished three years in a row lower, and it's down 36% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over IEP on returns for 2026, with the stronger performance.