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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

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Cash & equivalents$250.7M+61.4%
Total debt$20.2B+13.7%
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%
CapEx$518.0M-23.2%
Free cash flow-$179.5M+62.4%

Valuation

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Market cap$38.03B+20.2%
Enterprise value$57.97B+17.4%
P/E133.4×-124×
P/S5.3×+0.2×

Profitability

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Gross margin55%-1.0pp
Operating margin18%+1.8pp
Net margin3.9%+2.0pp

Returns & leverage

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Return on equity70.5%-19.4pp
Debt / equity855.6×+830×
Current ratio0.8×+0.2×

Where this comes from

Calculated from Iron Mountain’s reported figures.

Based on the most recent quarter.

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 cash ratio?
Iron Mountain (IRM) reported cash ratio of 0.1× in Q1 2026.
How has Iron Mountain's cash ratio changed year-over-year?
Iron Mountain's cash ratio increased by 72.4% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Iron Mountain's cash ratio?
Over 4 years (2021 to 2025), Iron Mountain's cash ratio has grown at a -14.0% compound annual growth rate (CAGR), from 0.5× to 0.3×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.