Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Par Pacific Holdings, Inc. or Icahn Enterprises L.P. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Par Pacific Holdings, Inc. and Icahn Enterprises L.P. compare based on key financial metrics to determine which better meets your investment needs.

About Par Pacific Holdings, Inc. and Icahn Enterprises L.P.

Par Pacific Holdings, Inc., an energy company, provides renewable and conventional fuels in the United States. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates refineries that convert crude oil into gasoline, distillate, asphalt, and other products. The Retail segment operates convenience stores and fuel retail outlets that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared food, and other sundries under the Hele, 76, and nomnom brands, as well as unattended cardlock stations. The Logistics segment owns and operates terminals, pipelines, trucking operations, marine vessels, storage facilities, loading and truck racks, and rail facilities for the movement of ethanol, petroleum, and refined products; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. The company also holds interest in crude storage tanks and a crude oil pipeline that provides access to crude oil from power river basin; and refined products pipeline. In addition, it owns and operates a single point mooring, a marine terminal, a unit train-capable rail loading terminal, manifest rail siding, a truck rack, and a proprietary jet fuel pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.

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 Energy segment engages in refining and marketing petroleum in the form of gasoline, diesel, jet fuel, and distillates; renewable fuels business refines renewable feedstocks, such as soybean oil, corn oil, and other related renewable feedstocks into renewable diesel and markets renewable products; and nitrogen fertilizer business produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment engages in repair and maintenance of automotive; sale of installed parts or materials related to automotive services; and sale of automotive aftermarket parts and retailed merchandise. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings used to prepare and pack processed meat products. The Real Estate segment consists of investment properties, including land, retail, office, and industrial properties; and development and sale of single-family homes; and the operations of a resort and two country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services; and develops approved therapies and product candidates. Icahn Enterprises L.P. was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.

Latest Oil, Gas & Consumable Fuels and Par Pacific Holdings, Inc., Icahn Enterprises L.P. Stock News

As of August 31, 2026, Par Pacific Holdings, Inc. had a $4.0 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.7 million. Par Pacific Holdings, Inc.’s stock is NA in 2026, NA in the previous five trading days and up 135.96% in the past year.

Currently, Par Pacific Holdings, Inc.’s price-earnings ratio is 4.7. Par Pacific Holdings, Inc.’s trailing 12-month revenue is $8.6 billion with a 9.9% net profit margin. Year-over-year quarterly sales growth most recently was 56.8%. Analysts expect adjusted earnings to reach $19.283 per share for the current fiscal year. Par Pacific Holdings, Inc. does not currently pay a dividend.

Currently, Icahn Enterprises L.P. does not have a price-earnings ratio. Icahn Enterprises L.P.’s trailing 12-month revenue is $10.4 billion with a -5.0% net profit margin. Year-over-year quarterly sales growth most recently was 25.7%. There are no analysts providing consensus earnings estimates for the current fiscal year. Icahn Enterprises L.P. currently has a 29.4% dividend yield.

How We Compare Par Pacific Holdings, Inc. and Icahn Enterprises L.P. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Par Pacific Holdings, Inc. and Icahn Enterprises L.P.’s stock grades to see how they measure up against one another.

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Par Pacific Holdings, Inc. and Icahn Enterprises L.P. Stock Value Grades

Company	Ticker	Value
Par Pacific Holdings, Inc.	PARR	A
Icahn Enterprises L.P.	IEP	B

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Par Pacific Holdings, Inc. has a Value Score of 95, which is Deep Value. Icahn Enterprises L.P. has a Value Score of 62, which is Value.

The Value Stock Winner: Par Pacific Holdings, Inc.

As you can clearly see from the Value Grade breakdown above, Par Pacific Holdings, Inc. is considered to have better value than Icahn Enterprises L.P.. For investors who focus solely on a company’s valuation, Par Pacific Holdings, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Par Pacific Holdings, Inc. and Icahn Enterprises L.P.’s Momentum Grades

Company	Ticker	Momentum
Par Pacific Holdings, Inc.	PARR	A
Icahn Enterprises L.P.	IEP	D

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Par Pacific Holdings, Inc. has a Momentum Score of 93, which is Very Strong. Icahn Enterprises L.P. has a Momentum Score of 24, which is Weak.

The Momentum Grade Winner: Par Pacific Holdings, Inc.

As you can clearly see from the Momentum Grade breakdown above, Par Pacific Holdings, Inc. is considered to have stronger momentum compared to Icahn Enterprises L.P.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Par Pacific Holdings, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Par Pacific Holdings, Inc. and Icahn Enterprises L.P.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Par Pacific Holdings, Inc.	PARR	B
Icahn Enterprises L.P.	IEP	na

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Par Pacific Holdings, Inc. has a Earnings Estimate Score of 72, which is Positive. Icahn Enterprises L.P. does not have a meaningful Earnings Estimate Score.

The Earnings Estimate Revisions Stock Winner: Undetermined

If you are strictly an investor who focuses on earnings estimate revisions, you may want to add Par Pacific Holdings, Inc. to your watch list. However, because only one of the companies in our comparison has a valid Earnings Estimate Revisions Grade, we cannot call it a clear winner. Evaluation of the other grades for both companies is necessary in order to understand which stock is the better investment based on AAII’s proprietary scores and analysis.

Other Par Pacific Holdings, Inc. and Icahn Enterprises L.P. Grades

In addition to Estimate Revisions, Momentum and Value, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Par Pacific Holdings, Inc. and Icahn Enterprises L.P. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Par Pacific Holdings, Inc. or Icahn Enterprises L.P. Stock?

Overall, Par Pacific Holdings, Inc. stock has a Value Score of 95, Momentum Score of 93 and Estimate Revisions Score of 72.

Icahn Enterprises L.P. stock has a Value Score of 62, Momentum Score of 24 and Estimate Revisions Score of .

Comparing Par Pacific Holdings, Inc. and Icahn Enterprises L.P.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.