Iron Mountain (IRM) Operating Leases (2019 - 2026)
Iron Mountain (IRM) posted Operating Leases of $2.3 billion for Q1 2026, down 0.81% sequentially from $2.3 billion in Q4 2025, and up 2.59% YoY from $2.2 billion in Q1 2025.
Iron Mountain (IRM) Operating Leases (2019 - 2026) Analysis & Trends
Iron Mountain has reported Operating Leases for 8 years, with the latest figure at $2.3 billion in Q1 2026.
- Quarterly Operating Leases rose 2.59% year-over-year to $2.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 2.59% YoY) and the FY2025 annual result came in at $2.3 billion, down 1.47% from the prior year.
- Operating Leases fell to $2.3 billion in Q1 2026 per IRM's latest filing, from $2.3 billion in the prior quarter.
- Over five years, Operating Leases peaked at $2.6 billion in Q4 2023 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Leases gained 14.43% in 2023, then dropped 11.94% in 2025.
- Over 5 years, Operating Leases stood at $2.4 billion in 2022, then gained by 5.48% to $2.6 billion in 2023, then retreated by 8.88% to $2.3 billion in 2024, then dropped by 1.47% to $2.3 billion in 2025, then fell by 0.81% to $2.3 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $2.3 billion, $2.3 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.27 Bn |
| 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 |