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Iron Mountain IRM North America — Initial cost to company

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Other financials

Income statement

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Revenue$2.0B+18.5%
Gross profit$1.1B+11.8%
Operating income$373.5M+43.7%
Net income$106.1M+345%
EPS (diluted)$0.34+327%

Balance sheet

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Cash & equivalents$204.8M-6.1%
Total debt$20.4B+10.3%
Total equity-$1.3B-66.9%
Total assets$22.0B+8.8%

Cash flow

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Operating cash flow$549.3M+46.4%
CapEx$588.2M+5.6%
Free cash flow-$38.9M+78.6%

Valuation

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Market cap$37.82B+42.4%
Enterprise value$58.06B+29.4%
P/E87.1×-504×
P/S+0.9×

Profitability

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Gross margin54.2%-1.8pp
Operating margin18.8%+2.5pp
Net margin5.7%+5.0pp
FCF margin-6.5%-2.4pp

Returns & leverage

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Return on equity70.5%-19.4pp
Debt / equity855.6×+830×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept irm:RealEstateAndAccumulatedDepreciationInitialCostTotal.

The source filing: Iron Mountain’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 5:06 PM EST
Fiscal year
FY2025
Accession
0001020569-26-000013
REGION/COUNTRY/STATE/CAMPUS ADDRESSFACILITIES(1)ENCUMBRANCESINITIAL COSTTO COMPANY(1)COST CAPITALIZEDSUBSEQUENT TOACQUISITION(1)(2)GROSS AMOUNTCARRIED AT CLOSE OF CURRENTPERIOD(1)(11)ACCUMULATEDDEPRECIATION AT CLOSE OF CURRENT PERIOD(1)(2)(11)DATE OFCONSTRUCTIONOR ACQUIRED(3)LIFE ON WHICHDEPRECIATION INLATEST INCOMESTATEMENT ISCOMPUTED
3005 Boul. Jean-Baptiste Deschamps, Lachine12,7517853,5361,8522000Up to 40 years
1655 Fleetwood, Laval18,19619,16627,36217,4642000Up to 40 years
4005 Richelieu, Montreal11,8002,5484,3482,4682000Up to 40 years
1209 Algoma Rd, Ottawa11,05910,60811,6677,0052000Up to 40 years
235 Edson Street, Saskatoon18291,6122,4411,2332008Up to 40 years
610 Sprucewood Ave, Windsor11,2436671,9101,1132007Up to 40 years
Total Canada14$62,869$87,694$150,563$87,169
Total North America131$1,732,136$4,716,448$6,448,584$1,332,930

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

FAQ

What is Iron Mountain's north america — initial cost to company?
Iron Mountain (IRM) reported north america — initial cost to company of $433.03M in Q4 2025.
How has Iron Mountain's north america — initial cost to company changed year-over-year?
Iron Mountain's north america — initial cost to company increased by 0.8% year-over-year, from $429.58M to $433.03M.
What is the long-term trend for Iron Mountain's north america — initial cost to company?
Over 4 years (2021 to 2025), Iron Mountain's north america — initial cost to company has grown at a -1.4% compound annual growth rate (CAGR), from $1.83B to $1.73B.
What does north america — initial cost to company mean?
The original historical cost basis for real estate assets acquired within the North American segment, including purchase price and directly attributable acquisition costs. This serves as the baseline for calculating depreciation and assessing long-term asset value.

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