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) Free cash flow margin

Iron Mountain Incorporated's free cash flow margin over the twelve months to 30 June 2026 was −7.87%, up 6.5 percentage points from fiscal 2025 (−14.4%). Over the past ten years it has ranged from −14.4% (fiscal 2025) to 26.8% (fiscal 2020) — the current reading is the lowest in ten years. That is below the Reit Specialty industry median of 31.1% and below the Real Estate sector median of 9.94%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 −14.4% (4.00)
FY2024 −10.4% (7.14)
FY2023 −3.25% (7.45)
FY2022 4.20% (5.16)
FY2021 9.36% (17.40)
FY2020 26.8% 17.52
FY2019 9.24% (2.55)
FY2018 11.8% 3.16
FY2017 8.63% 3.17
FY2016 5.46% (1.89)

Against its own ten years

Low −14.4% High 26.8%
Ten-year median 7.35%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
CCI Crown Castle Inc. compare 57.8%
DLR Digital Realty Trust, Inc. compare 54.4%
SBAC SBA Communications Corporation compare 46.9%
GLPI Gaming and Leisure Properties, Inc. compare 37.9%
AMT American Tower Corporation compare 36.2%
LAMR Lamar Advertising Company compare 31.8%
WY Weyerhaeuser Company compare −2.06%
IRM Iron Mountain Incorporated −7.87%
EQIX Equinix, Inc. compare −22.8%
Reit Specialty industry median 31.1%
Real Estate sector median 9.94%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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