Iron Mountain (IRM) | Financial Analysis & Statements

Iron Mountain Inc. | Large-cap | Real Estate

$100.68

1.07%

Iron Mountain vs American Tower Iron Mountain vs Equinix Iron Mountain vs Digital Realty Iron Mountain vs Crown Castle Iron Mountain vs SBA Communications Iron Mountain vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 6.1B

Gross Profit 3.5B 56.15%

Operating Income 1.2B 19.72%

Net Income 183.7M 2.99%

EPS (Diluted) $0.61

Balance Sheet Metrics

Total Assets 18.7B

Total Liabilities 18.9B

Shareholders Equity -226.5M

Cash Flow Metrics

Operating Cash Flow 1.1B

Free Cash Flow -657.2M

Revenue & Profitability Trend

Iron Mountain Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	6.1B	5.5B	5.1B	4.5B	4.1B
Cost of Goods Sold	2.7B	2.4B	2.2B	1.9B	1.8B
Gross Profit	3.5B	3.1B	2.9B	2.6B	2.4B
Operating Expenses	1.3B	1.2B	1.1B	1.0B	949.2M
Operating Income	1.2B	1.1B	1.0B	901.3M	788.6M
Pre-tax Income	244.5M	227.2M	631.6M	629.0M	372.7M
Income Tax	60.9M	39.9M	69.5M	176.3M	29.6M
Net Income	183.7M	187.3M	562.1M	452.7M	343.1M
EPS (Diluted)	$0.61	$0.63	$1.90	$1.55	$1.19

Income Statement Trend

Iron Mountain Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.7B	1.7B	1.5B	1.4B	1.3B
Non-Current Assets	17.0B	15.7B	14.6B	13.0B	12.9B
Total Assets	18.7B	17.5B	16.1B	14.5B	14.1B
Liabilities
Current Liabilities	3.1B	2.2B	1.9B	2.0B	2.0B
Non-Current Liabilities	15.9B	14.8B	13.5B	11.5B	11.0B
Total Liabilities	18.9B	17.1B	15.4B	13.5B	13.0B
Equity
Total Shareholders Equity	-226.5M	389.7M	732.0M	929.5M	1.1B

Balance Sheet Composition

Iron Mountain Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	183.7M	187.3M	562.1M	452.7M	343.1M
Operating Cash Flow	1.1B	985.3M	970.8M	1.1B	1.2B
Investing Activities
Capital Expenditures	18.0M	53.5M	170.4M	278.3M	564.7M
Investing Cash Flow	-282.8M	-99.3M	-776.8M	151.1M	367.8M
Financing Activities
Dividends Paid	-789.5M	-737.6M	-724.4M	-718.3M	-716.3M
Financing Cash Flow	888.9M	628.7M	2.0B	-438.9M	-1.6B
Free Cash Flow	-657.2M	-231.5M	44.1M	134.5M	534.4M

Cash Flow Trend

Iron Mountain Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 247.15

Forward P/E 51.70

Price to Book -73.10

Price to Sales 4.77

PEG Ratio 51.70

Profitability Ratios

Profit Margin 1.95%

Operating Margin 20.12%

Return on Equity -79.54%

Return on Assets 4.16%

Financial Health

Current Ratio 0.62

Debt to Equity -41.22

Beta 1.11

Per Share Data

EPS (TTM) $0.41

Book Value per Share -$2.37

Revenue per Share $21.33

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
irm	29.9B	247.15	-73.10	-79.54%	1.95%	-41.22
American Tower	101.8B	35.19	28.80	28.42%	17.94%	446.68
Equinix	87.1B	93.29	6.27	7.06%	10.52%	141.24
Digital Realty	60.2B	167.07	2.87	1.85%	7.81%	79.55
Crown Castle	44.6B	36.57	-35.60	-163.21%	-71.80%	-23.68
SBA Communications	25.4B	31.25	-5.19	-14.83%	30.37%	-2.98

Financial data is updated regularly. All figures are in the company's reporting currency.