Iron Mountain (IRM) Gross Margin (2009 - 2026)
Iron Mountain (IRM) posted Gross Margin of 54.04% for Q1 2026, down 2.41% sequentially from 55.38% in Q4 2025, and down 136.0% YoY from 150.12% in Q1 2025.
Iron Mountain (IRM) Gross Margin (2009 - 2026) Analysis & Trends
Iron Mountain has reported Gross Margin for 18 years, with the latest figure at 54.04% in Q1 2026.
- Quarterly Gross Margin fell 136.0% year-over-year to 54.04% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 55.02% (down 104.0% YoY) and the FY2025 annual result came in at 55.38%, down 77.0% from the prior year.
- Gross Margin eased to 54.04% in Q1 2026 per IRM's latest filing, from 55.38% in the prior quarter.
- Over five years, Gross Margin peaked at 57.78% in Q4 2022 and troughed at 54.04% in Q1 2026.
- A 5-year average of 56.26% and a median of 56.36% in 2023 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 7505 bps in 2022, down 203 bps in 2022.
- Over 5 years, Gross Margin stood at 57.78% in 2022, then dropped by 0 bps to 57.65% in 2023, then declined by 2 bps to 56.43% in 2024, then slipped by 2 bps to 55.38% in 2025, then decreased by 2 bps to 54.04% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 54.04%, 55.38%, and 54.85% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 53.14% |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 98.79% |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | - |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 52.76% |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 98.12% |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 75.39% |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 16.66% |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 68.51% |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | - |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 19.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 52.76% |
| Mar 31, 2026 | 54.04% |
| Dec 31, 2025 | 55.38% |
| Sep 30, 2025 | 54.85% |
| Jun 30, 2025 | 55.91% |
| Mar 31, 2025 | 55.40% |
| Dec 31, 2024 | 56.43% |
| Sep 30, 2024 | 56.44% |
| Jun 30, 2024 | 55.95% |
| Mar 31, 2024 | 55.77% |
| Dec 31, 2023 | 57.65% |
| Sep 30, 2023 | 57.34% |
| Jun 30, 2023 | 56.36% |
| Mar 31, 2023 | 56.51% |
| Dec 31, 2022 | 57.78% |
| Sep 30, 2022 | 57.57% |
| Jun 30, 2022 | 56.85% |
| Mar 31, 2022 | 56.20% |
| Dec 31, 2021 | 58.69% |
| Sep 30, 2021 | -17.04% |