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Iron Mountain IRM Operating Income

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Other financials

Income statement

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Revenue$1.9B+21.6%
Gross profit$1.0B+18.6%
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$39.4B+26.9%
Enterprise value$59.34B+20.2%
P/E138.3×-553×
P/S5.4×+0.6×

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:OperatingIncomeLoss.

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 operating income?
Iron Mountain (IRM) reported operating income of $395.23M in Q1 2026.
How has Iron Mountain's operating income changed year-over-year?
Iron Mountain's operating income increased by 55.4% year-over-year, from $254.29M to $395.23M.
What is the long-term trend for Iron Mountain's operating income?
Over 4 years (2021 to 2025), Iron Mountain's operating income has grown at a 8.0% compound annual growth rate (CAGR), from $854.17M to $1.16B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.