Iron Mountain (IRM) Operating Margin (2009 - 2025)
Iron Mountain recorded annual Operating Margin of 16.86% in FY2025, up 2.73% year-over-year from 16.42% in FY2024.
Iron Mountain's Operating Margin history runs 17 years deep, the most recent figure standing at 16.86% for FY2025.
- In Q1 2026, Operating Margin rose 445.0% year-over-year to 20.41%; the TTM figure through Mar 2026 stood at 18.01% (up 176.0% YoY), while the FY2025 annual figure was 16.86%, up 45.0% from the prior year.
- Operating Margin came in at 16.86% for FY2025 at Iron Mountain, up from 16.42% in the prior year.
- In the past five years, Operating Margin ranged from a high of 20.57% in FY2022 to a low of 16.42% in FY2024.
- A 5-year average of 17.94% and a median of 16.86% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 155 bps in 2022 and sank 375 bps in 2023, its largest moves.
- Iron Mountain's Operating Margin stood at 19.02% in 2021, then advanced by 8 bps to 20.57% in 2022, then retreated by 18 bps to 16.82% in 2023, then slipped by 2 bps to 16.42% in 2024, then increased by 3 bps to 16.86% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 16.86%, 16.42%, and 16.82% for FY2025, FY2024, and FY2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | - |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | - |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | - |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | - |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | - |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | - |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | - |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 34.16% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | - |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.86% |
| Dec 31, 2024 | 16.42% |
| Dec 31, 2023 | 16.82% |
| Dec 31, 2022 | 20.57% |
| Dec 31, 2021 | 19.02% |
| Dec 31, 2020 | 22.54% |
| Dec 31, 2019 | 49.40% |
| Dec 31, 2018 | 50.41% |
| Dec 31, 2017 | 16.49% |
| Dec 31, 2016 | 14.28% |
| Dec 31, 2015 | 17.44% |
| Dec 31, 2014 | 17.62% |
| Dec 31, 2013 | 16.18% |
| Dec 31, 2012 | 3.41% |
| Dec 31, 2011 | 7,718.91% |
| Dec 31, 2010 | 4.04% |
| Dec 31, 2009 | 19.65% |