Companies / Real Estate
IRM
Iron Mountain
Other Specialized REITs
Other Specialized REITsAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health59
Growth63
Profitability43
Cash generationn/a
Balance sheetn/a
Dilution control71
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)13.5%Revenue growth (FY)12.2%Revenue CAGR (3y)10.6%Gross margin—Operating margin16.9%Net margin2.2%Free cash flow margin-13.5%R&D / revenue—Stock comp / revenue2.0%Net debt / operating cash flow12.31xCurrent ratio0.74Diluted share count change0.5%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $4.5B | $5.1B | $5.5B | $6.1B | $6.9B |
| Operating income | $854M | $1.0B | $922M | $1.0B | $1.2B |
| Net income | $453M | $562M | $187M | $184M | $152M |
| Operating cash flow | $759M | $928M | $1.1B | $1.2B | $1.3B |
| Capital expenditure | $611M | $875M | $1.3B | $1.8B | $2.3B |
| Free cash flow | $148M | $52M | -$226M | -$595M | -$932M |
| Stock-based comp | $61M | $57M | $74M | $118M | $140M |
| Dividends | $718M | $724M | $738M | $790M | $919M |
| Cash | $256M | $142M | $223M | $156M | $159M |
| Total debt | $9.6B | $10.7B | $12.1B | $14.4B | $16.6B |
| Equity | $856M | $637M | $212M | -$503M | -$981M |
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