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Iron Mountain IRM Gross margin

Gross margin at other companies

Equinix, Inc. logo
Equinix, Inc.EQIX
51.1%+1.6pp
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
23.3%+2.2pp
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
55.2%-0.2pp
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
41.5%+7.8pp
International Business Machines logo
International Business MachinesIBM
58.4%+1.3pp
TD SYNNEX logo
TD SYNNEXSNX
7.1%+0.4pp

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$37.32B+20.2%
Enterprise value$57.25B+17.4%
P/E130.9×-122×
P/S5.2×+0.2×

Profitability

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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 gross margin?
Iron Mountain (IRM) reported gross margin of 55% in Q1 2026.
How has Iron Mountain's gross margin changed year-over-year?
Iron Mountain's gross margin decreased by 1.8% year-over-year, from 56.1% to 55%.
What is the long-term trend for Iron Mountain's gross margin?
Over 4 years (2021 to 2025), Iron Mountain's gross margin has grown at a -0.9% compound annual growth rate (CAGR), from 231.7% to 223.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.