Iron Mountain (IRM) financials
Iron Mountain revenue and earnings by year
Iron Mountain's revenue was $6.90 billion in the fiscal year to December 31, 2025, up 12.2% from the year before. Net income was $145 million, 2.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.90 | 6.15 | 5.48 | 5.10 | 4.49 | 4.15 | 4.26 | 4.23 | 3.85 | 3.51 |
| Revenue growth | 12.2% | 12.2% | 7.4% | 13.6% | 8.3% | -2.7% | 0.9% | 9.9% | 9.5% | — |
| Operating income | 1.16 | 1.01 | 0.92 | 1.05 | 0.85 | 0.93 | 0.78 | 0.81 | 0.63 | 0.50 |
| Operating margin | 16.9% | 16.4% | 16.8% | 20.6% | 19.0% | 22.5% | 18.3% | 19.1% | 16.5% | 14.3% |
| Net income | 0.14 | 0.18 | 0.18 | 0.56 | 0.45 | 0.34 | 0.27 | 0.35 | 0.17 | 0.10 |
| Net margin | 2.1% | 2.9% | 3.4% | 10.9% | 10.0% | 8.3% | 6.3% | 8.4% | 4.4% | 3.0% |
| Diluted EPS | $0.49 | $0.61 | $0.63 | $1.90 | $1.55 | $1.19 | $0.92 | $1.23 | $0.69 | $0.46 |
| Free cash flow | -0.92 | -0.58 | -0.17 | 0.22 | 0.43 | 0.86 | 0.44 | 0.56 | 0.39 | 0.22 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open IRM in Markets.
How Iron Mountain makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Records Management | $1.20B | 59.0% |
| Information Destruction | $445M | 21.9% |
| Data Center | $263M | 13.0% |
| Data Management | $123M | 6.1% |
See also: IRM valuation and P/E history · IRM returns
No forecast, no recommendation. This page describes Iron Mountain from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.