Iron Mountain Incorporated IRM

111.38 (2.71) (2.38%) as of 25 Sep
Market cap
$34.0B
P/E
79.6×
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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

Annual

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

Period Debt to equity Change
Jun 2026 −18.2× —
Mar 2026 −18.2× —
Dec 2025 −23.2× —
Sep 2025 −23.7× —
42 more quarters

Against its own ten years

Low −45.0× High 56.3×
Ten-year median 5.9×
Current reading's percentile 18

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 0.2×

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)

The full definition of Debt to equity →

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