Iron Mountain Incorporated
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 4.49B | 5.10B | 5.48B | 6.15B | 6.90B | 12.2% | |
| Cost of Revenue | (1.89B) | (2.19B) | (2.36B) | (2.70B) | (5.13B) | 90.2% | |
Gross Profit | 2.60B | 2.91B | 3.12B | 3.45B | 1.77B | -48.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (1.02B) | (1.14B) | (1.24B) | (1.34B) | (1.39B) | 4.1% | |
| General & Administrative | (760.35M) | (839.84M) | (873.20M) | (977.35M) | (1.02B) | 3.9% | |
| Selling & Marketing | (262.21M) | (300.73M) | (363.09M) | (362.19M) | (378.32M) | 4.5% | |
| Depreciation & Amortization | (696.97M) | (745.64M) | (793.02M) | (926.49M) | (1.02B) | 10.6% | |
Operating Income (EBIT) | 854.17M | 1.05B | 921.78M | 1.01B | 1.41B | 39.2% | |
| Non-Operating Items | |||||||
| Interest Income | 7.34M | 8.28M | 12.47M | 14.67M | — | -100.0% | |
| Interest Expense | (425.30M) | (496.29M) | (598.40M) | (736.23M) | (829.34M) | 12.6% | |
| Other Income/Expenses (Net) | -225.16M | -418.23M | -694.57M | -764.98M | -1.19B | 56.1% | |
Income Before Tax | 629.01M | 631.64M | 227.21M | 244.54M | 211.19M | -13.6% | |
| Income Tax Expense | (176.29M) | (69.49M) | (39.94M) | (60.87M) | (58.93M) | -3.2% | |
Net Income | 450.22M | 556.98M | 184.23M | 180.16M | 144.59M | -19.7% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $2 | $2 | $1 | $1 | $0 | -19.7% | |
| Weighted Avg Shares Outstanding | 289.46M | 290.81M | 291.94M | 293.37M | 295.40M | 0.7% | |
| Weighted Avg Shares Outstanding (Diluted) | 290.98M | 292.44M | 293.96M | 296.23M | 297.82M | 0.5% | |
EBITDA | 1.75B | 1.87B | 1.62B | 1.91B | 2.08B | 9.3% |
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