CoverageForm 410-K10-Q8-K13D13G13F

IRM · Iron Mountain Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · IRM

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$6.90B$6.15B$5.48B$5.10B$4.49B$4.15B
Cost of Revenue------
Gross Profit------
R&D------
SG&A$1.39B$1.34B$1.24B$1.14B$1.02B$949.22M
Total Operating Expenses$5.74B$5.14B$4.56B$4.05B$3.64B$3.21B
D&A$1.02B$900.90M$776.16M$727.60M$680.42M$652.07M
Operating Income$1.16B$1.01B$921.78M$1.05B$854.17M$934.78M
Interest Expense$829.34M$721.56M----
Income Tax$58.93M$60.87M$39.94M$69.49M$176.29M$29.61M
Net Income$144.59M$180.16M$184.23M$556.98M$450.22M$342.69M
EPS - Basic$0.49$0.61$0.63$1.92$1.56$1.19
EPS - Diluted$0.49$0.61$0.63$1.90$1.55$1.19

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$158.53M$155.72M$222.79M$141.80M$255.83M$205.06M
Accounts Receivable$1.44B$1.29B$1.26B$1.17B$961.42M$859.34M
Inventory---$11.73M--
Accounts Payable$710.66M$678.72M$539.59M$469.20M$369.14M$359.86M
Current Assets$1.93B$1.69B$1.74B$1.55B$1.44B$1.27B
Total Assets$21.13B$18.72B$17.47B$16.14B$14.45B$14.15B
Current Liabilities$2.62B$3.09B$2.24B$1.92B$2.02B$2.00B
Long-term Debt$16.22B$13.00B$11.81B$10.48B$8.96B$8.51B
Total Liabilities------
Stockholders' Equity($981.01M)($503.12M)$211.65M$636.67M$855.95M$1.14B
Retained Earnings------

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$1.34B$1.20B$1.11B$927.70M$758.90M$987.66M
Investing Cash Flow($2.57B)($2.14B)($1.44B)($1.66B)($473.31M)($85.44M)
Financing Cash Flow$1.27B$876.75M$425.67M$639.21M($220.81M)($886.70M)
CapEx$2.27B$1.79B$1.34B$875.38M$611.08M$438.26M
Free Cash Flow($931.63M)($594.86M)($225.66M)$52.32M$147.82M$549.39M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin16.9%16.4%16.8%20.6%19.0%22.5%
EBITDA margin31.7%31.1%31.0%34.8%34.2%38.3%
Net margin2.1%2.9%3.4%10.9%10.0%8.3%
Free cash flow margin-13.5%-9.7%-4.1%1.0%3.3%13.2%
FCF / Net income-6.44-3.30-1.220.090.331.60
R&D / Revenue------
SG&A / Revenue20.2%21.8%22.6%22.3%22.8%22.9%
Effective tax rate29.0%25.3%17.8%11.1%28.1%8.0%
Return on assets0.7%1.0%1.1%3.5%3.1%2.4%
Return on equity-14.7%-35.8%87.0%87.5%52.6%30.1%
Return on invested capital5.4%6.0%6.3%8.4%6.3%8.9%
Liquidity
Current ratio0.740.550.780.810.710.64
Quick ratio0.740.550.780.800.710.64
Cash ratio0.060.050.100.070.130.10
Leverage
Debt / Equity-16.53-25.8555.8116.4610.477.49
Debt / Assets0.770.690.680.650.620.60
Debt / EBITDA7.416.816.965.905.845.36
Interest coverage1.4x1.4x----
Equity multiplier-21.53-37.2082.5625.3516.8812.45
Liabilities / Assets------
Efficiency
Asset turnover0.330.330.310.320.310.29
Inventory turnover------
Days sales outstanding76d77d84d84d78d76d
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E169.3x172.3x111.1x26.2x33.8x24.8x
P / B--97.2x22.9x17.8x7.5x
P / S3.6x5.1x3.8x2.9x3.4x2.1x
EV / EBITDA18.6x23.0x18.9x14.0x15.6x10.6x
Growth
Revenue growth (YoY)12.2%12.2%7.4%13.6%8.3%-2.7%
Revenue CAGR (3y)10.6%11.0%9.7%6.2%8.6%-
Revenue CAGR (5y)10.7%7.6%9.3%---
Gross profit growth (YoY)------
Operating income growth (YoY)15.3%9.5%-12.2%22.9%-8.6%19.6%
Net income growth (YoY)-19.7%-2.2%-66.9%23.7%31.4%28.2%
EPS growth (YoY)-19.7%-3.2%-66.8%22.6%30.3%28.0%
EPS CAGR (3y)-36.3%-26.7%-19.1%26.9%6.9%19.9%
EPS CAGR (5y)-16.3%-8.1%-13.1%22.5%29.8%15.5%
FCF growth (YoY)-56.6%-163.6%--64.6%-73.1%100.7%
FCF CAGR (5y)----32.7%-7.2%16.9%
Book value growth (YoY)-95.0%--66.8%-25.6%-24.7%-22.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$13.00B total
Reportable Segment Aggregation Before Other Operating Segment$6.09B · 46.9%
Global Recordsand Information Management Business$5.29B · 40.7%
Corporate And Other$806.83M · 6.2%
Global Data Center Business$803.43M · 6.2%

Product / service

$13.00B total
Records Management$4.21B · 32.4%
Storage Rental$4.05B · 31.2%
Service$2.85B · 21.9%
Data Center$803.43M · 6.2%
Information Destruction$577.91M · 4.4%
Data Management$504.66M · 3.9%

Geographic

$6.90B total
US$4.57B · 66.3%
Other International$1.55B · 22.5%
GB$472.61M · 6.8%
CA$302.42M · 4.4%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

Comparing IRON MOUNTAIN INC against the 5 most active filers in the same SIC group.

Dividends

$3.30/share trailing 12 months · +15.1% YoY

Ex-datePer share
Mar 16, 2026$0.8640
Dec 15, 2025$0.8640
Sep 15, 2025$0.7850
Jun 16, 2025$0.7850
Mar 17, 2025$0.7850
Dec 16, 2024$0.7150
Sep 16, 2024$0.7150
Jun 17, 2024$0.6500
Mar 14, 2024$0.6500
Dec 14, 2023$0.6500
Sep 14, 2023$0.6500
Jun 14, 2023$0.6190
Mar 14, 2023$0.6190
Dec 14, 2022$0.6190
Sep 14, 2022$0.6190
Jun 14, 2022$0.6190
Mar 14, 2022$0.6190
Dec 14, 2021$0.6190
Sep 14, 2021$0.6190
Jun 14, 2021$0.6190
Mar 12, 2021$0.6190
Dec 14, 2020$0.6190
Sep 14, 2020$0.6190
Jun 12, 2020$0.6190