Free cash flow
Iron Mountain Free cash flow decreased by 1004.6% to -$179.46M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 62.4%, from -$477.47M to -$179.46M. Over 3 years (FY 2021 to FY 2025), Free cash flow shows a downward trend with a 84.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $170.32M | -$49.26M | $103.46M | -$106.54M | $122.25M | -$52.15M | $88.76M | -$137.10M | -$17.57M | -$141.26M | -$251.11M | -$14.58M | -$143.15M | -$186.02M | -$477.47M | -$181.63M | -$256.28M | -$16.25M | -$179.46M |
| QoQ Change | — | -128.9% | +310.0% | -203.0% | +214.7% | -142.7% | +270.2% | -254.5% | +87.2% | -704.1% | -77.8% | +94.2% | -881.9% | -29.9% | -156.7% | +62.0% | -41.1% | +93.7% | <-999% |
| YoY Change | — | — | — | — | -28.2% | -5.9% | -14.2% | -28.7% | -114.4% | -170.9% | -83.2% | +17.0% | -1.3% | — | -90.1% | <-999% | -79.0% | +91.3% | +62.4% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Iron Mountain's free cash flow?
- Iron Mountain (IRM) reported free cash flow of -$179.46M in Q1 2026.
- How has Iron Mountain's free cash flow changed year-over-year?
- Iron Mountain's free cash flow increased by 62.4% year-over-year, from -$477.47M to -$179.46M.
- What is the long-term trend for Iron Mountain's free cash flow?
- Over 3 years (2021 to 2025), Iron Mountain's free cash flow has grown at a 84.7% compound annual growth rate (CAGR), from $147.82M to -$931.63M.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.