Income StatementBalance SheetCash FlowSegments
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Iron Mountain Business Segments

Business, geographic, and product segment breakdowns

Iron Mountain generates $7.2B in annual revenue across 4 key segments: Asia Pacific ($409.3M), Europe ($859.5M), Latin America RIM ($206.1M), and North America ($6.4B). The company-wide operating margin is 18.01%. Based on the Q1 2026 filing.

Asia Pacific$409.3MEurope$859.5MLatin America RIM$206.1MNorth America$6.4B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$38.0B
P/E Ratio133.35
ROE-29.79%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Variable lease payments$32.8K$34.4M———$59.9M

Geographic

Accumulated Depreciation of Real Estate Assets, As Reported on Schedule III

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$47.7M———$59.5M—
Europe$156.7M———$199.3M—
Latin America RIM$69.0M———$83.8M—
North America$1.2B———$1.3B—

Cost capitalized subsequent to acquisition

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$150.1M———$204.6M—
Europe$293.8M———$489.7M—
Latin America RIM$61.1M———$90.1M—
North America$3.8B———$4.7B—

Encumbrances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$0.0———$0.0—
Europe$0.0———$0.0—
Latin America RIM$0.0———$0.0—
North America$0.0———$0.0—

Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific2.753.003.003.003.00—
Europe12.5012.5012.5012.5012.50—
Latin America RIM11.509.759.759.759.75—
North America32.2532.7532.7532.7532.75—

Gross amount carried at close of current period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$356.4M———$409.3M—
Europe$663.6M———$859.5M—
Latin America RIM$178.6M———$206.1M—
North America$5.5B———$6.4B—

Initial cost to company

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$51.6M$51.2M$51.2M$51.2M$51.2M—
Europe$92.5M$92.5M$92.5M$92.5M$92.5M—
Latin America RIM$29.4M$29.0M$29.0M$29.0M$29.0M—
North America$429.6M$433.0M$433.0M$433.0M$433.0M—

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Remaining Countries$3.6B———$4.4B—

Business Segments

Interest Expense, Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CORPORATE AND OTHER$62.2M$67.2M$54.2M$45.5M$39.0M$42.5M

Adjusted Earnings Before Interest Expense, Net, Provision (Benefit) For Income Taxes, Depreciation And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
GLOBAL RIM BUSINESS$579.1M$556.3M$586.3M$598.5M$622.4M$617.7M
GLOBAL DATA CENTER BUSINESS$88.1M$90.8M$96.3M$107.4M$121.9M$132.8M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
GLOBAL RIM BUSINESS$679.2M$699.6M$737.5M$740.3M$750.5M$786.4M
GLOBAL DATA CENTER BUSINESS$82.1M$82.4M$93.1M$96.8M$114.8M$122.0M