Iron Mountain (IRM) Net Margin (2009 - 2026)
Iron Mountain's (IRM) quarterly Net Margin came in at 7.42% in Q1 2026, up 642.0% year-on-year from 1.0% in Q1 2025, and up 53.2% quarter-over-quarter from 4.84% in Q4 2025.
Iron Mountain (IRM) Net Margin (2009 - 2026) Analysis & Trends
Iron Mountain has disclosed Net Margin across 18 years of filings, most recently posting 7.42% for Q1 2026.
- Net Margin for Q1 2026 came in at 7.42%, up 642.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.76% (up 181.0% YoY), and the FY2025 annual result was 2.09%, down 83.0% from the prior year.
- Net Margin came in at 7.42% for Q1 2026 at Iron Mountain, up from 4.84% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 15.52% in Q2 2022 to a low of 2.62% in Q2 2025.
- The 5-year median for Net Margin is 4.84% (2025), against an average of 4.95%.
- Across the five-year window, Net Margin jumped 894 bps in 2022 and sank 1551 bps in 2023, its largest moves.
- Iron Mountain's Net Margin stood at 9.57% in 2022, then plunged by 79 bps to 2.01% in 2023, then soared by 228 bps to 6.57% in 2024, then fell by 26 bps to 4.84% in 2025, then surged by 53 bps to 7.42% in 2026.
- The last three Net Margin figures came in at 7.42% (Q1 2026), 4.84% (Q4 2025), and 4.81% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.53 Bn | 101.50 Bn | 2.20 Bn | 16.98% |
| 2 | American Tower | 86.20 Bn | 92.70 Bn | 2.70 Bn | 31.40% |
| 3 | Digital Realty Trust | 63.76 Bn | 62.92 Bn | - | 7.66% |
| 4 | Crown Castle | 38.57 Bn | 38.52 Bn | 984.00 Mn | 27.33% |
| 5 | Iron Mountain | 37.41 Bn | 37.43 Bn | 1.05 Bn | 7.42% |
| 6 | Sba Communications | 20.70 Bn | 20.79 Bn | 532.10 Mn | 26.29% |
| 7 | Weyerhaeuser | 17.74 Bn | 17.44 Bn | 318.00 Mn | 9.03% |
| 8 | Lamar Advertising | 15.68 Bn | 15.63 Bn | 403.56 Mn | 25.54% |
| 9 | Gaming & Leisure Properties | 13.22 Bn | 13.62 Bn | - | 57.00% |
| 10 | OUTFRONT Media | 5.51 Bn | 5.47 Bn | 202.10 Mn | 4.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.42% |
| Dec 31, 2025 | 4.84% |
| Sep 30, 2025 | 4.81% |
| Jun 30, 2025 | -2.62% |
| Mar 31, 2025 | 1.00% |
| Dec 31, 2024 | 6.57% |
| Sep 30, 2024 | -2.16% |
| Jun 30, 2024 | 2.33% |
| Mar 31, 2024 | 5.01% |
| Dec 31, 2023 | 2.01% |
| Sep 30, 2023 | 6.56% |
| Jun 30, 2023 | 0.01% |
| Mar 31, 2023 | 4.91% |
| Dec 31, 2022 | 9.57% |
| Sep 30, 2022 | 14.93% |
| Jun 30, 2022 | 15.52% |
| Mar 31, 2022 | 3.39% |
| Dec 31, 2021 | 1.87% |
| Sep 30, 2021 | 5.99% |
| Jun 30, 2021 | 24.58% |