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
DateValue
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