Iron Mountain (IRM) Operating Margin (2009 - 2026)
Iron Mountain's Operating Margin came in at 18.41% for Q2 2026, up 3.23 percentage points from 15.18% a year earlier but down 2.00 percentage points from the prior quarter.
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Analysis
Iron Mountain (IRM) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Iron Mountain reported Operating Margin of 18.76%, up 2.49 percentage points year-over-year; for FY2025, it was 16.86%, up 0.45 percentage points from FY2024.
- Operating Margin carries a five-year change of -5.68 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 16.42% in FY2024 (-0.40 pp), 16.82% in FY2023 (-3.75 pp), 20.57% in FY2022 (+1.55 pp) and 19.02% in FY2021 (-3.52 pp).
- The five-year range for quarterly Operating Margin is 15.01% (Q2 2024) to 22.78% (Q2 2022).
- Year-over-year, Operating Margin has increased for five consecutive quarters, with an average year-over-year change of +1.24 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2022 (a gain of 6.15 percentage points), and the weakest in Q4 2021 (a drop of 23.20 percentage points).
- Business Quant data shows IRM's Operating Margin at 20.41% (Q1 2026), 18.50% (Q4 2025) and 17.59% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 122.50 Bn | 82.91 Bn | 6.13 Bn | 16.96% |
| 2 | Cintas | 78.05 Bn | 77.24 Bn | 1.48 Bn | 23.17% |
| 3 | Iron Mountain | 33.02 Bn | 32.53 Bn | 1.07 Bn | 18.41% |
| 4 | APi | 16.68 Bn | 13.72 Bn | 703.00 Mn | 7.76% |
| 5 | Rollins | 14.49 Bn | 14.04 Bn | 569.95 Mn | 18.67% |
| 6 | Aramark | 14.11 Bn | 12.13 Bn | 430.34 Mn | 4.26% |
| 7 | UL Solutions | 13.27 Bn | 12.05 Bn | 417.00 Mn | 18.38% |
| 8 | Gartner | 11.78 Bn | 5.47 Bn | 1.19 Bn | 22.59% |
| 9 | Rentokil Initial | 9.98 Bn | 3.32 Bn | - | - |
| 10 | Tetra Tech | 8.44 Bn | 7.55 Bn | 243.21 Mn | 12.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.41% |
| Mar 31, 2026 | 20.41% |
| Dec 31, 2025 | 18.50% |
| Sep 30, 2025 | 17.59% |
| Jun 30, 2025 | 15.18% |
| Mar 31, 2025 | 15.97% |
| Dec 31, 2024 | 17.86% |
| Sep 30, 2024 | 16.13% |
| Jun 30, 2024 | 15.01% |
| Mar 31, 2024 | 16.63% |
| Dec 31, 2023 | 16.25% |
| Sep 30, 2023 | 17.13% |
| Jun 30, 2023 | 15.65% |
| Mar 31, 2023 | 18.31% |
| Dec 31, 2022 | 19.40% |
| Sep 30, 2022 | 22.20% |
| Jun 30, 2022 | 22.78% |
| Mar 31, 2022 | 17.80% |
| Dec 31, 2021 | 16.94% |
| Sep 30, 2021 | 16.05% |
API Access
Iron Mountain Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=IRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IRM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=IRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();