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Iron Mountain IRM EBITDA margin

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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 trailing twelve months.

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 EBITDA margin?
Iron Mountain (IRM) reported EBITDA margin of 32.6% in Q1 2026.
How has Iron Mountain's EBITDA margin changed year-over-year?
Iron Mountain's EBITDA margin increased by 5.3% year-over-year, from 31% to 32.6%.
What is the long-term trend for Iron Mountain's EBITDA margin?
Over 4 years (2021 to 2025), Iron Mountain's EBITDA margin has grown at a -5.2% compound annual growth rate (CAGR), from 155.1% to 125.2%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.