Iron Mountain IRM Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 55%-1.0pp | 55.4%-0.8pp | 55.6%-0.8pp | 56%-0.6pp | 56.1%-0.7pp | |
| Operating margin | 18%+1.8pp | 16.9%+0.4pp | 16.6%+0.7pp | 16.3%0.0pp | 16.3%-0.2pp | |
| Net margin | 3.9%+2.0pp | 2.2%-0.8pp | 2.5%+0.7pp | 0.7%-3.3pp | 2%-1.6pp | |
| EBITDA margin | 32.6%+1.7pp | 31.7%+0.6pp | 31.4%+1.0pp | 31%+0.5pp | 31%+0.3pp | |
| Free cash flow margin | -8.7%+4.4pp | -13.5%-3.8pp | -16.6%— | -15.3%— | -13.1%— | |
| Returns | ||||||
| Return on assets | 1.4%+0.7pp | 0.8%-0.3pp | 0.8%+0.2pp | 0.2%-1.1pp | 0.7%-0.5pp | |
| Return on invested capital | 5.9%+1.6pp | 4.9%0.0pp | 4.6%+0.4pp | 3.1%-2.0pp | 4.2%-0.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.8×+0.2× | 0.7×+0.2× | 0.7×-0.1× | 0.6×-0.2× | 0.6×-0.2× | |
| Quick ratio | 0.8×+0.2× | 0.7×+0.2× | 0.7×-0.1× | 0.6×-0.2× | 0.6×-0.2× | |
| Cash ratio | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | |
| Net debt / EBITDA | 8.4×-0.6× | 8.9×+0.2× | 9.1×+0.2× | 9.2×+0.2× | 9.1×0.0× | |
| Per Share | ||||||
| Book value per share | -$4.07-73.0% | -$3.29-93.9% | -$2.96-236% | -$2.60-479% | -$2.35-3,842% | |
| Valuation | ||||||
| Market capitalization | $30.38B+20.2% | $24.52B-20.5% | $30.11B-13.6% | $31.05B+18.4% | $25.27B+7.6% | |
| Enterprise value | $50.32B+17.4% | $43.94B-7.4% | $49.18B-3.9% | $49.37B+17.2% | $42.88B+9.5% | |
| Price / earnings | 106.6×-99.1× | 161×-6.9× | 182.7×-143× | 691.4×+578× | 205.7×+87.5× | |
| Price / sales | 4.2×+0.2× | 3.6×-1.5× | 4.5×-1.3× | 4.8×+0.3× | 4×-0.1× | |
| EV / EBITDA | 21.3×-0.8× | 20.1×-4.8× | 23.6×-4.5× | 24.7×+1.0× | 22.1×-0.5× | |
| EV / sales | 6.9×+0.1× | 6.4×-1.4× | 7.4×-1.1× | 7.7×+0.4× | 6.8×-0.1× | |
| Free cash flow yield | -2.1%+1.2pp | -3.8%-1.9pp | -3.7%— | -3.2%— | -3.2%— | |
| Earnings yield | 0.9%+0.5pp | 0.6%0.0pp | 0.5%+0.2pp | 0.1%-0.7pp | 0.5%-0.4pp | |
| Dividend yield | 3.2%0.0pp | 3.7%+1.2pp | 3%+0.8pp | 2.8%-0.1pp | 3.2%0.0pp | |
| PEG ratio | 0.8×— | —— | 3.4×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Iron Mountain's profit margins?
- Iron Mountain (IRM) runs a 55.0% gross margin and a 18.0% operating margin, with a 3.9% net margin.
- Where do Iron Mountain's ratios come from?
- Every ratio is computed from Iron Mountain's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
