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Iron Mountain IRM North America — Cost capitalized subsequent to acquisition

Other geography segments

Europe
$489.72M+66.7%
Asia Pacific
$204.62M+36.3%
Latin America RIM
$90.07M+47.5%

Similar metrics at other companies

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DLRNorth America — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
$10.64B+3.8%
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DLRNorth America — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
$65.94M-65.5%
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DLROther North America — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
$391.29M+52.6%
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LINECanada — Costs capitalized subsequent to acquisition
$29M+148%
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DLRNorth America — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
$3.78B-9.8%
MAY
MAYSCost capitalized subsequent to acquisition, improvements
$61.87M

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+13.6%
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%
CapEx$518.0M-23.2%
Free cash flow-$179.5M+62.4%

Valuation

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Market cap$38.18B+32.0%
Enterprise value$58.11B+23.0%
P/E133.9×-510×
P/S5.3×+0.8×

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

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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:RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts.

The official record: Iron Mountain’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iron Mountain's north america — cost capitalized subsequent to acquisition?
Iron Mountain (IRM) reported north america — cost capitalized subsequent to acquisition of $4.72B in Q4 2025.
How has Iron Mountain's north america — cost capitalized subsequent to acquisition changed year-over-year?
Iron Mountain's north america — cost capitalized subsequent to acquisition increased by 24.2% year-over-year, from $3.8B to $4.72B.
What does north america — cost capitalized subsequent to acquisition mean?
The cumulative expenditures for improvements, renovations, or major upgrades made to real estate assets after their initial acquisition. These costs are added to the asset's book value rather than expensed, reflecting ongoing investment in property quality.