What is Iron Mountain's capex?

Iron Mountain (IRM) reported capex of $518.01M in Q1 2026.

How has Iron Mountain's capex changed year-over-year?

Iron Mountain's capex decreased by 23.2% year-over-year, from $674.77M to $518.01M.

What is the long-term trend for Iron Mountain's capex?

Over 4 years (2021 to 2025), Iron Mountain's capex has grown at a 38.9% compound annual growth rate (CAGR), from $611.08M to $2.27B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Iron Mountain IRM CapEx

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Other financials

Income statement

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Revenue$1.9B+21.6%

Gross profit$1.0B+18.6%

Operating income$395.2M+55.4%

Net income$149.0M+818%

EPS (diluted)$0.48+860%

Balance sheet

See full

Cash & equivalents$250.7M+61.4%

Total debt$20.2B+13.6%

Total equity-$1.2B-73.9%

Total assets$21.5B+11.0%

Cash flow

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Operating cash flow$338.6M+71.6%

Free cash flow-$179.5M+62.4%

Valuation

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Market cap$39.4B+26.9%

Enterprise value$59.34B+20.2%

P/E138.3×-553×

P/S5.4×+0.6×

Profitability

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Gross margin55%-1.0pp

Operating margin18%+1.8pp

Net margin3.9%+2.0pp

FCF margin-8.7%-2.2pp

Returns & leverage

See full

Return on equity70.5%-19.4pp

Debt / equity855.6×+830×

Current ratio0.8×+0.2×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Iron Mountain’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iron Mountain's capex?: Iron Mountain (IRM) reported capex of $518.01M in Q1 2026.
How has Iron Mountain's capex changed year-over-year?: Iron Mountain's capex decreased by 23.2% year-over-year, from $674.77M to $518.01M.
What is the long-term trend for Iron Mountain's capex?: Over 4 years (2021 to 2025), Iron Mountain's capex has grown at a 38.9% compound annual growth rate (CAGR), from $611.08M to $2.27B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.