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) 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
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Annual newest first
| 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 newest first
| 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 | Free account |
Against its own ten years
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
More on IRM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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