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.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 16.9% | 16.4% | 16.8% | 20.6% | 19.0% | 22.5% |
| EBITDA margin | 31.7% | 31.1% | 31.0% | 34.8% | 34.2% | 38.3% |
| Net margin | 2.1% | 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 | -1.22 | 0.09 | 0.33 | 1.60 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 20.2% | 21.8% | 22.6% | 22.3% | 22.8% | 22.9% |
| Effective tax rate | 29.0% | 25.3% | 17.8% | 11.1% | 28.1% | 8.0% |
| Return on assets | 0.7% | 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 capital | 5.4% | 6.0% | 6.3% | 8.4% | 6.3% | 8.9% |
| Liquidity | ||||||
| Current ratio | 0.74 | 0.55 | 0.78 | 0.81 | 0.71 | 0.64 |
| Quick ratio | 0.74 | 0.55 | 0.78 | 0.80 | 0.71 | 0.64 |
| Cash ratio | 0.06 | 0.05 | 0.10 | 0.07 | 0.13 | 0.10 |
| Leverage | ||||||
| Debt / Equity | -16.53 | -25.85 | 55.81 | 16.46 | 10.47 | 7.49 |
| Debt / Assets | 0.77 | 0.69 | 0.68 | 0.65 | 0.62 | 0.60 |
| Debt / EBITDA | 7.41 | 6.81 | 6.96 | 5.90 | 5.84 | 5.36 |
| Interest coverage | 1.4x | 1.4x | - | - | - | - |
| Equity multiplier | -21.53 | -37.20 | 82.56 | 25.35 | 16.88 | 12.45 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.33 | 0.33 | 0.31 | 0.32 | 0.31 | 0.29 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 76d | 77d | 84d | 84d | 78d | 76d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 169.3x | 172.3x | 111.1x | 26.2x | 33.8x | 24.8x |
| P / B | - | - | 97.2x | 22.9x | 17.8x | 7.5x |
| P / S | 3.6x | 5.1x | 3.8x | 2.9x | 3.4x | 2.1x |
| EV / EBITDA | 18.6x | 23.0x | 18.9x | 14.0x | 15.6x | 10.6x |
| 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 totalReportable 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 totalRecords 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 totalUS$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
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-date | Per 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 |