Iron Mountain Incorporated
IRM Real Estate Reit Specialty
Iron Mountain Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.9 billion, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 18.5%, EPS grew 326.7%, free cash flow grew 58.6% and total debt rose 11.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Iron Mountain Incorporated (IRM) Debt to equity
Iron Mountain Incorporated's debt to equity at the end of the quarter to 30 June 2026 was −18.2×, up 5.0× from fiscal 2025 (−23.2×). Over the past ten years it has ranged from −45.0× (fiscal 2024) to 56.3× (fiscal 2023); the current reading is higher than 18% of that period. That is below the Reit Specialty industry median of 0.6× and below the Real Estate sector median of 0.8×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | −23.2× | — |
| FY2024 | −45.0× | — |
| FY2023 | 56.3× | 239.51% |
| FY2022 | 16.6× | 53.42% |
| FY2021 | 10.8× | 41.29% |
| FY2020 | 7.7× | 29.39% |
| FY2019 | 5.9× | 35.35% |
| FY2018 | 4.4× | 42.70% |
| FY2017 | 3.1× | (5.08%) |
| FY2016 | 3.2× | (64.79%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | −18.2× | — |
| Mar 2026 | −18.2× | — |
| Dec 2025 | −23.2× | — |
| Sep 2025 | −23.7× | — |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| IRM Iron Mountain Incorporated | −18.2× |
| CCI Crown Castle Inc. compare | −5.6× |
| SBAC SBA Communications Corporation compare | −2.7× |
| WY Weyerhaeuser Company compare | 0.6× |
| DLR Digital Realty Trust, Inc. compare | 0.7× |
| EQIX Equinix, Inc. compare | 1.4× |
| GLPI Gaming and Leisure Properties, Inc. compare | 1.5× |
| LAMR Lamar Advertising Company compare | 3.5× |
| AMT American Tower Corporation compare | 3.6× |
| Reit Specialty industry median | 0.6× |
| Real Estate sector median | 0.8× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on IRM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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