IRM (Iron Mountain Incorporated) Stock Financials & Earnings | Market Cap Arena

IRM (Iron Mountain Incorporated) Stock Financials & Earnings | Market Cap Arena

IRMIron Mountain Incorporated

Mkt Cap$32B

Real Estate·REIT - Specialty·🇺🇸 United States·NYSE

Revenue (TTM)$6.9B

Net Income (TTM)$145M

EPS (TTM)$0.48

Free Cash Flow (TTM)-$932M

Gross Margin55.4%

Op. Margin16.9%

Net Margin2.1%

FCF Margin-13.5%

P/S Ratio (TTM)4.6x

P/E Ratio (TTM)220.7x

YoY Rev Growth+12.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.3B	$743M	$241M
Q2 23	$1.4B	$765M	$213M
Q3 23	$1.4B	$796M	$238M
Q4 23	$1.4B	$819M	$231M
Q1 24	$1.5B	$824M	$246M
Q2 24	$1.5B	$858M	$230M
Q3 24	$1.6B	$879M	$251M
Q4 24	$1.6B	$892M	$282M
Q1 25	$1.6B	$882M	$254M
Q2 25	$1.7B	$957M	$260M
Q3 25	$1.8B	$962M	$309M
Q4 25	$1.8B	$1.0B	$341M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.2x	55.1x
Q2 23	6.1x	84.1x
Q3 23	6.0x	114.7x
Q4 23	5.8x	173.2x
Q1 24	5.7x	164.7x
Q2 24	5.5x	139.1x
Q3 24	5.3x	304.8x
Q4 24	5.2x	177.1x
Q1 25	5.1x	261.5x
Q2 25	5.0x	771.9x
Q3 25	4.8x	200.4x
Q4 25	4.6x	220.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$129M	-$138M
Q2 23	$317M	-$19M
Q3 23	$220M	-$144M
Q4 23	$447M	$70M
Q1 24	$130M	-$253M
Q2 24	$382M	-$16M
Q3 24	$253M	-$146M
Q4 24	$432M	-$243M
Q1 25	$197M	-$486M
Q2 25	$375M	-$183M
Q3 25	$268M	-$246M
Q4 25	$500M	-$16M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$267M
Q2 23	$336M
Q3 23	$365M
Q4 23	$377M
Q1 24	$383M
Q2 24	$398M
Q3 24	$398M
Q4 24	$674M
Q1 25	$684M
Q2 25	$558M
Q3 25	$514M
Q4 25	$516M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+5.3%	+4.7%
Q2 23	+5.3%	+15.0%
Q3 23	+7.9%	+14.9%
Q4 23	+11.0%	+15.3%
Q1 24	+12.4%	+14.7%
Q2 24	+13.0%	+13.9%
Q3 24	+12.2%	+13.5%
Q4 24	+11.4%	+9.2%
Q1 25	+7.8%	+8.7%
Q2 25	+11.6%	+11.3%
Q3 25	+12.6%	+10.7%
Q4 25	+16.6%	+15.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$13M	1.0%
Q2 23	$22M	1.6%
Q3 23	$18M	1.3%
Q4 23	$21M	1.5%
Q1 24	$14M	1.0%
Q2 24	$30M	1.9%
Q3 24	$30M	1.9%
Q4 24	$45M	2.8%
Q1 25	$26M	1.6%
Q2 25	$60M	3.5%
Q3 25	$32M	1.8%
Q4 25	$22M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$207M	$87M
Q2 23	$218M	$94M
Q3 23	$225M	$90M
Q4 23	$223M	$92M
Q1 24	$235M	$84M
Q2 24	$251M	$94M
Q3 24	$252M	$89M
Q4 24	$239M	$94M
Q1 25	$243M	$87M
Q2 25	$287M	$103M
Q3 25	$238M	$98M
Q4 25	$248M	$90M

Revenue Segments

Quarter	Data Center	Data Management	Information Destruction	Records Management
Q3 23	$128M	$128M	$170M	$963M
Q1 24	$144M	$132M	$225M	$976M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$146M	$0	$146M
Q2 23	$149M	$0	$149M
Q3 23	$171M	$0	$171M
Q4 23	$223M	$0	$223M
Q1 24	$192M	$0	$192M
Q2 24	$144M	$0	$144M
Q3 24	$169M	$0	$169M
Q4 24	$156M	$0	$156M
Q1 25	$155M	$0	$155M
Q2 25	$218M	$0	$218M
Q3 25	$195M	$0	$195M
Q4 25	$159M	$0	$159M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	293M	+0.1%
Q2 23	294M	+0.2%
Q3 23	294M	+0.3%
Q4 23	295M	+0.3%
Q1 24	295M	+0.1%
Q2 24	296M	+0.2%
Q3 24	294M	-0.8%
Q4 24	296M	+0.9%
Q1 25	297M	+0.3%
Q2 25	295M	-0.6%
Q3 25	298M	+0.9%
Q4 25	298M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$156K	20K
FY 15	$150K	20K
FY 16	$146K	24K
FY 17	$160K	24K
FY 18	$163K	26K
FY 19	$171K	25K
FY 20	$173K	24K
FY 21	$180K	25K
FY 22	$196K	26K
FY 23	$203K	27K
FY 24	$552K	11K
FY 25	$590K	12K