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) Gross margin
Iron Mountain Incorporated's gross margin over the twelve months to 30 June 2026 was 54.2%, down 1.2 percentage points from fiscal 2025 (55.4%). Over the past ten years it has ranged from 55.4% (fiscal 2016) to 58.0% (fiscal 2021); the current reading is higher than 18% of that period. That is below the Reit Specialty industry median of 67.4% and below the Real Estate sector median of 66.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 55.4% | (0.77) |
| FY2024 | 56.2% | (0.83) |
| FY2023 | 57.0% | (0.13) |
| FY2022 | 57.1% | (0.87) |
| FY2021 | 58.0% | 0.35 |
| FY2020 | 57.6% | 0.64 |
| FY2019 | 57.0% | (0.56) |
| FY2018 | 57.6% | 0.84 |
| FY2017 | 56.7% | 1.36 |
| FY2016 | 55.4% | (1.76) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 52.8% | (1.28) |
| Mar 2026 | 54.0% | (1.34) |
| Dec 2025 | 55.4% | 0.53 |
| Sep 2025 | 54.9% | (1.06) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 100.0% |
| SBAC SBA Communications Corporation compare | 75.2% |
| AMT American Tower Corporation compare | 73.8% |
| CCI Crown Castle Inc. compare | 73.7% |
| LAMR Lamar Advertising Company compare | 67.4% |
| DLR Digital Realty Trust, Inc. compare | 57.1% |
| IRM Iron Mountain Incorporated | 54.2% |
| EQIX Equinix, Inc. compare | 51.5% |
| WY Weyerhaeuser Company compare | 14.5% |
| Reit Specialty industry median | 67.4% |
| Real Estate sector median | 66.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on IRM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement