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) Operating margin

Iron Mountain Incorporated's operating margin over the twelve months to 30 June 2026 was 18.8%, up 1.9 percentage points from fiscal 2025 (16.9%). Over the past ten years it has ranged from 14.3% (fiscal 2016) to 22.5% (fiscal 2020); the current reading is higher than 45% of that period. That is below the Reit Specialty industry median of 21.4% and in line with the Real Estate sector median of 18.8%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 16.9% 0.44
FY2024 16.4% (0.40)
FY2023 16.8% (3.75)
FY2022 20.6% 1.55
FY2021 19.0% (3.52)
FY2020 22.5% 4.21
FY2019 18.3% (0.80)
FY2018 19.1% 2.64
FY2017 16.5% 2.21
FY2016 14.3% (3.16)

Quarterly

Period Operating margin Change (points)
Jun 2026 18.4% (2.00)
Mar 2026 20.4% 1.91
Dec 2025 18.5% 0.91
Sep 2025 17.6% 2.41
42 more quarters

Against its own ten years

Low 14.3% High 22.5%
Ten-year median 17.4%
Current reading's percentile 45

Operating margin against peers

Company Operating margin
GLPI Gaming and Leisure Properties, Inc. compare 82.6%
CCI Crown Castle Inc. compare 47.7%
SBAC SBA Communications Corporation compare 47.7%
AMT American Tower Corporation compare 44.8%
LAMR Lamar Advertising Company compare 31.8%
EQIX Equinix, Inc. compare 21.8%
IRM Iron Mountain Incorporated 18.8%
WY Weyerhaeuser Company compare 12.3%
DLR Digital Realty Trust, Inc. compare 0.79%
Reit Specialty industry median 21.4%
Real Estate sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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