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Iron Mountain Incorporated (IRM)
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Iron Mountain Incorporated Income Statement 2025-2007 | IRM
Brief overview of profit and loss at Iron Mountain Incorporated
This overview is based on financial performance over the past five years. Revenue at Iron Mountain Incorporated moved from 4.1 billion dollars in 2020 to 6.9 billion dollars in 2025. The five-year change reached +66.4%, while CAGR stood at 10.7%. The pace indicates confident and sustained business growth.
Gross profit changed from $2.4 billion to $3.8 billion (+59.9%). The cost base moved against the top-line trend and weighed on the gross result. Gross profit as a share of revenue changed from 57.6% to 55.4%. The margin decline reflects a less favorable sales-and-cost structure.
EBITDA changed from $1.6 billion to $2.2 billion (+37.9%). EBITDA lagged revenue, showing weaker operating momentum. The EBITDA share of revenue changed from 38.3% to 31.7%. A lower EBITDA share weakens the quality of the result.
Net profit was 343 million dollars at the start and 152 million dollars at the end. The business generated less net income by the end of the period.
The five-year change in capitalization reached +249.3%: from $9 billion to $31.4 billion. Capitalization rose despite deteriorating fundamentals.
What the figures show
The financial trajectory is weak and requires a cautious interpretation. Key strengths include revenue expansion. The weaker side of the profile includes a weaker final result, a declining EBITDA margin and weaker gross profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Iron Mountain Incorporated
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
31.4 B | 27.9 B | 21.1 B | 14 B | 13.1 B | 8.99 B | 7.46 B | 10.5 B | 9.02 B | 8.81 B | 5.8 B | 7.78 B | 4.72 B | 5.52 B | 5.57 B | 4.46 B | 5.34 B | 5.51 B | - |
Shares |
295 M | 293 M | 292 M | 291 M | 289 M | 288 M | 287 M | 286 M | 266 M | 246 M | 211 M | 195 M | 191 M | 174 M | 195 M | 202 M | 203 M | 201 M | - |
Historical Prices |
106 | 95.2 | 72.2 | 48.2 | 45.3 | 31.2 | 26.9 | 29.4 | 25.9 | 24.9 | 18 | 24.5 | 14 | 17.4 | 13.6 | 22.1 | 26.3 | 27.4 | 25.2 |
Net Income |
152 M | 184 M | 187 M | 562 M | 453 M | 343 M | 268 M | 363 M | 184 M | 105 M | 123 M | 326 M | 97.3 M | 172 M | 396 M | 25.6 M | 221 M | 82 M | - |
Revenue |
6.9 B | 6.15 B | 5.48 B | 1.25 B | 4.49 B | 4.15 B | 4.26 B | 4.23 B | 3.85 B | 3.51 B | 3.01 B | 3.12 B | 3.03 B | 3.01 B | 3.01 B | - | - | - | - |
Cost of Revenue |
3.08 B | 2.7 B | 2.36 B | 2.19 B | 1.89 B | 1.76 B | 1.83 B | 1.79 B | 1.66 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | 2.42 B | 2.16 B | 1.94 B | 1.72 B | 1.77 B | 1.74 B | 1.73 B | 1.77 B | - | - | - | - |
Operating Income |
1.16 B | 1.01 B | 922 M | 1.05 B | 854 M | 935 M | 781 M | 808 M | 634 M | 502 M | 525 M | 549 M | 489 M | 555 M | 571 M | 548 M | 545 M | 494 M | - |
Interest Expense |
-123 M | -43.4 M | -109 M | 69.8 M | 193 M | -144 M | -33.9 M | 11.7 M | -79.4 M | -44.3 M | -98.6 M | 261 M | 254 M | 243 M | 205 M | 205 M | 213 M | 222 M | - |
EBITDA |
2.19 B | 1.91 B | 1.7 B | 1.78 B | 1.53 B | 1.59 B | 1.44 B | 1.45 B | 1.25 B | 1.08 B | 888 M | 918 M | 824 M | 886 M | 935 M | 852 M | 822 M | 751 M | - |
Operating Expenses |
- | - | - | - | - | - | - | 1.62 B | 1.43 B | 1.31 B | 1.18 B | 1.21 B | 1.23 B | 1.16 B | 1.15 B | - | - | - | - |
General and Administrative Expenses |
1.39 B | 1.34 B | 1.24 B | 1.14 B | 1.02 B | 949 M | 992 M | 566 M | 521 M | 505 M | 516 M | 539 M | 596 M | 508 M | 835 M | 773 M | 750 M | 766 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Iron Mountain Incorporated
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
298 M | 297 M | 296 M | 296 M | 295 M | 295 M | 294 M | 294 M | 293 M | 293 M | 292 M | 292 M | 292 M | 291 M | 291 M | 291 M | 291 M | 290 M | 290 M | 290 M | 289 M | 289 M | 288 M | 288 M | 288 M | 288 M | 287 M | 287 M | 287 M | 287 M | 286 M | 286 M | 286 M | 285 M | 283 M | 265 M | 264 M | 264 M | 264 M | 263 M | 246 M | 212 M | 211 M | 211 M | 211 M | 210 M | 210 M | 193 M | 192 M | 192 M | 191 M | 191 M | 191 M | 190 M | 190 M | 172 M | 171 M | 171 M | 172 M | 196 M | 202 M | 200 M | 201 M | 203 M | 204 M |
Net Income |
106 M | 149 M | - | 86.2 M | -43.3 M | 16.2 M | - | -33.7 M | 34.6 M | 77 M | - | 91.4 M | 1.14 M | 65.5 M | - | 193 M | 202 M | 41.7 M | - | 68.1 M | 277 M | 46.6 M | - | 38.6 M | -7.11 M | 64.9 M | 37.1 M | 108 M | 92.5 M | 30.5 M | 159 M | 65.7 M | 91.9 M | 38.9 M | 21.5 M | 24.3 M | 81.1 M | 58.5 M | 49.5 M | 7.8 M | -13.1 M | 63 M | 5.94 M | 23.5 M | 54 M | 41.7 M | 13.4 M | 858 K | 272 M | 42.1 M | 47.7 M | 4.76 M | 27.2 M | 20.3 M | 26.2 M | 53.8 M | 38.9 M | 56 M | 34 M | 37.9 M | 253 M | 73.5 M | -154 M | 41.3 M | 25.6 M |
Revenue |
2.03 B | 1.94 B | - | 1.75 B | 1.71 B | 1.59 B | - | 1.56 B | 1.53 B | 1.48 B | - | 1.39 B | 1.36 B | 1.31 B | - | 1.29 B | 1.29 B | 1.25 B | - | 1.13 B | 1.12 B | 1.08 B | - | 1.04 B | 982 M | 1.07 B | 1.08 B | 1.06 B | 1.07 B | 1.05 B | 1.06 B | 1.06 B | 1.06 B | 1.04 B | 991 M | 966 M | 950 M | 939 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
959 M | 890 M | - | 792 M | 755 M | 710 M | - | 678 M | 676 M | 653 M | - | 592 M | 593 M | 572 M | - | 546 M | 556 M | 547 M | - | 482 M | 475 M | 452 M | - | 435 M | 407 M | 467 M | - | 449 M | 464 M | 461 M | - | 448 M | 451 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
374 M | 395 M | - | 309 M | 260 M | 254 M | - | 251 M | 230 M | 246 M | - | 238 M | 213 M | 241 M | - | 286 M | 294 M | 222 M | - | 181 M | 306 M | 170 M | - | 240 M | 132 M | 138 M | 206 M | 223 M | 193 M | 159 M | 254 M | 196 M | 201 M | 157 M | 154 M | 177 M | 170 M | 148 M | 139 M | 135 M | 96.6 M | 130 M | 123 M | 127 M | 130 M | 145 M | 128 M | 141 M | 147 M | 133 M | 97.1 M | 140 M | 130 M | 123 M | 103 M | 154 M | 159 M | 142 M | 149 M | 135 M | 149 M | 138 M | -84 M | 150 M | 133 M |
Interest Expense |
-29.2 M | 4.71 M | - | 3.99 M | -81.9 M | -28.5 M | - | -86.4 M | -5.83 M | 12.5 M | - | 16.3 M | -63 M | -21.2 M | - | 52.9 M | 41.2 M | -55.9 M | - | 18.5 M | 186 M | -4.71 M | - | -83.5 M | -25.7 M | 42.7 M | - | 13.4 M | 15.2 M | -15.2 M | - | -325 K | 19.1 M | -20.2 M | - | -59.5 M | 19.4 M | 6.36 M | - | -23.3 M | -25.6 M | 11.9 M | - | -35.2 M | -2 M | -22.3 M | - | 63.2 M | 62.2 M | 62.3 M | - | 64.5 M | 63 M | 63.2 M | - | 61.4 M | 58.2 M | 58.8 M | - | 50 M | 48.6 M | 48.6 M | 55.7 M | -4.02 M | -8.82 M |
EBITDA |
655 M | 663 M | - | 571 M | 512 M | 486 M | - | 483 M | 455 M | 455 M | - | 437 M | 408 M | 423 M | - | 461 M | 472 M | 406 M | - | 356 M | 473 M | 336 M | - | 398 M | 296 M | 300 M | 206 M | 381 M | 357 M | 321 M | 254 M | 353 M | 358 M | 318 M | 154 M | 305 M | 298 M | 272 M | 139 M | 260 M | 212 M | 217 M | 123 M | 213 M | 217 M | 231 M | 128 M | 231 M | 236 M | 219 M | 97.1 M | 220 M | 209 M | 203 M | 103 M | 235 M | 236 M | 220 M | 149 M | 212 M | 228 M | 218 M | 3.31 M | 236 M | 218 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 629 M | 644 M |
General and Administrative Expenses |
402 M | 373 M | - | 335 M | 390 M | 330 M | - | 342 M | 345 M | 319 M | - | 315 M | 312 M | 295 M | - | 285 M | 295 M | 281 M | - | 242 M | 260 M | 259 M | - | 232 M | 242 M | 239 M | - | 237 M | 252 M | 269 M | - | 260 M | 252 M | 270 M | - | 242 M | 237 M | 240 M | - | 253 M | 277 M | 208 M | - | 216 M | 216 M | 196 M | - | 216 M | 214 M | 215 M | - | 225 M | 225 M | 223 M | - | 204 M | 204 M | 211 M | - | 209 M | 223 M | 213 M | 217 M | 236 M | 234 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Iron Mountain Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.