Iron Mountain (IRM) Operating Leases (2019 - 2026)
Iron Mountain (IRM) reported Operating Leases of $2.3 billion for Q1 2026, up 2.59% on a YoY basis from $2.2 billion in Q1 2025, and down 0.81% sequentially from $2.3 billion in Q4 2025.
Iron Mountain (IRM) Operating Leases (2019 - 2026) Analysis & Trends
Iron Mountain (IRM) has 8 years of Operating Leases data on file, last reported at $2.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 2.59% year-over-year to $2.3 billion; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 2.59% YoY), and the FY2025 full-year result was $2.3 billion, down 1.47% from the prior year.
- Operating Leases fell to $2.3 billion in Q1 2026, from $2.3 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $2.6 billion in Q4 2023 to a low of $2.2 billion in Q1 2022.
- A 5-year average of $2.4 billion and a median of $2.4 billion in 2022 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases increased 14.43% in 2023 and decreased 11.94% in 2025, its largest moves.
- Tracing IRM's Operating Leases over 5 years: stood at $2.4 billion in 2022, then grew by 5.48% to $2.6 billion in 2023, then dropped by 8.88% to $2.3 billion in 2024, then retreated by 1.47% to $2.3 billion in 2025, then slipped by 0.81% to $2.3 billion in 2026.
- Business Quant data shows IRM's Operating Leases at $2.3 billion in Q1 2026, $2.3 billion in Q4 2025, and $2.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.28 Bn |
| Dec 31, 2025 | 2.30 Bn |
| Sep 30, 2025 | 2.28 Bn |
| Jun 30, 2025 | 2.25 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 2.33 Bn |
| Sep 30, 2024 | 2.44 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Mar 31, 2024 | 2.53 Bn |
| Dec 31, 2023 | 2.56 Bn |
| Sep 30, 2023 | 2.48 Bn |
| Jun 30, 2023 | 2.51 Bn |
| Mar 31, 2023 | 2.51 Bn |
| Dec 31, 2022 | 2.43 Bn |
| Sep 30, 2022 | 2.41 Bn |
| Jun 30, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.20 Bn |
| Dec 31, 2021 | 2.17 Bn |
| Sep 30, 2021 | 2.16 Bn |
| Jun 30, 2021 | 2.19 Bn |