Depreciation
Iron Mountain Depreciation decreased by 3.2% to $192.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.3%, from $162.44M to $192.13M. Over 4 years (FY 2021 to FY 2025), Depreciation shows an upward trend with a 12.0% CAGR.
Analysis
How to read this metric
Higher depreciation relative to capital expenditures may suggest aging assets, while lower levels relative to revenue may indicate high asset efficiency.
Detailed definition
Depreciation is a non-cash accounting charge that allocates the cost of tangible assets over their useful lives. It refl...
Peer comparison
Standardized for capital-intensive industries; peers in manufacturing typically show significant depreciation expenses.
operating_depreciationHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $112.49M | $120.33M | $117.80M | $120.39M | $116.10M | $114.13M | $128.36M | $120.07M | $134.33M | $132.93M | $138.52M | $143.63M | $158.93M | $164.34M | $162.39M | $162.44M | $180.57M | $189.46M | $198.42M | $192.13M |
| QoQ Change | — | +7.0% | -2.1% | +2.2% | -3.6% | -1.7% | +12.5% | -6.5% | +11.9% | -1.0% | +4.2% | +3.7% | +10.6% | +3.4% | -1.2% | +0.0% | +11.2% | +4.9% | +4.7% | -3.2% |
| YoY Change | — | — | — | — | +3.2% | -5.2% | +9.0% | -0.3% | +15.7% | +16.5% | +7.9% | +19.6% | +18.3% | +23.6% | +17.2% | +13.1% | +13.6% | +15.3% | +22.2% | +18.3% |
Business Segments
| Segment | FY'21 | FY'22 |
|---|---|---|
| GLOBAL DATA CENTER BUSINESS | $148.02M | $140.03M |
| CORPORATE AND OTHER | $54.69M | $118.15M |
| Total | $465.07M | $478.98M |
All segment values are derived from annual filings.
CORPORATE AND OTHER, GLOBAL DATA CENTER BUSINESS were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Depreciation at Other Companies
Frequently Asked Questions
- What is Iron Mountain's depreciation?
- Iron Mountain (IRM) reported depreciation of $192.13M in Q1 2026.
- How has Iron Mountain's depreciation changed year-over-year?
- Iron Mountain's depreciation increased by 18.3% year-over-year, from $162.44M to $192.13M.
- What is the long-term trend for Iron Mountain's depreciation?
- Over 4 years (2021 to 2025), Iron Mountain's depreciation has grown at a 12.0% compound annual growth rate (CAGR), from $465.07M to $730.89M.
- What does depreciation mean?
- The systematic reduction in the recorded value of physical assets over time.