Latest period
$2.11B
YoY change
+22.5%
5Y CAGR
+38.0%
Peak year (2025)
$2.27B
Cumulative CapEx
$15.47B
CapEx history chart for Iron Mountain (IRM) from 1996 to 2025
Latest: $2.27B
CapEx growth chart for Iron Mountain (IRM) from 1996 to 2025
Latest: +22.5%
CapEx history table for Iron Mountain (IRM) from 1996 to 2025
| 2025 | $2.27B | +22.5% | +$417.68M | ||
| 2024 | $1.85B | +37.8% | +$508.85M | ||
| 2023 | $1.35B | +52.2% | +$461.51M | ||
| 2022 | $883.58M | +41.5% | +$259.21M | ||
| 2021 | $624.38M | +37.8% | +$171.12M | ||
| 2020 | $453.25M | -39.4% | −$295.21M | ||
| 2019 | $748.46M | +40.5% | +$215.92M | ||
| 2018 | $532.54M | +27.3% | +$114.22M | ||
| 2017 | $418.32M | +10.3% | +$38.95M | ||
| 2016 | $379.37M | +9.8% | +$34.01M | ||
| 2015 | $345.36M | -12.9% | −$51.01M | ||
| 2014 | $396.37M | +24.8% | +$78.89M | ||
| 2013 | $317.49M | +17.8% | +$47.93M | ||
| 2012 | $269.56M | +16.8% | +$38.70M | ||
| 2011 | $230.86M | -15.1% | −$41.19M | ||
| 2010 | $272.05M | -15.9% | −$51.47M | ||
| 2009 | $323.52M | -19.4% | −$77.73M | ||
| 2008 | $401.25M | +3.8% | +$14.81M | ||
| 2007 | $386.44M | -2.5% | −$9.78M | ||
| 2006 | $396.22M | +38.8% | +$110.66M | ||
| 2005 | $285.56M | +23.1% | +$53.59M | ||
| 2004 | $231.97M | +13.4% | +$27.49M | ||
| 2003 | $204.48M | +3.8% | +$7.48M | ||
| 2002 | $197.00M | -0.0% | −$42.00K | ||
| 2001 | $197.04M | +16.8% | +$28.33M | ||
| 2000 | $168.71M | -45.7% | −$142.19M | ||
| 1999 | $310.90M | +26.6% | +$65.30M | ||
| 1998 | $245.60M | +6.6% | +$15.10M | ||
| 1997 | $230.50M | +691.8% | +$201.39M | ||
| 1996 | $29.11M | — | — |
- 2025$2.27B+22.5%
- 2024$1.85B+37.8%
- 2023$1.35B+52.2%
- 2022$883.58M+41.5%
- 2021$624.38M+37.8%
- 2020$453.25M-39.4%
- 2019$748.46M+40.5%
- 2018$532.54M+27.3%
- 2017$418.32M+10.3%
- 2016$379.37M+9.8%
- 2015$345.36M-12.9%
- 2014$396.37M+24.8%
- 2013$317.49M+17.8%
- 2012$269.56M+16.8%
- 2011$230.86M-15.1%
- 2010$272.05M-15.9%
- 2009$323.52M-19.4%
- 2008$401.25M+3.8%
- 2007$386.44M-2.5%
- 2006$396.22M+38.8%
- 2005$285.56M+23.1%
- 2004$231.97M+13.4%
- 2003$204.48M+3.8%
- 2002$197.00M-0.0%
- 2001$197.04M+16.8%
- 2000$168.71M-45.7%
- 1999$310.90M+26.6%
- 1998$245.60M+6.6%
- 1997$230.50M+691.8%
- 1996$29.11M—
CapEx values are taken from Iron Mountain's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Iron Mountain (IRM)
According to Iron Mountain's latest reported financial statements, the company's current CapEx (TTM) is $2.11B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Iron Mountain (IRM) CapEx is $2.27B – grew 22.5% year-over-year.
Iron Mountain CapEx compound annual growth for the 2020–2025 (5 years) window is +38.0%, sustaining 5 straight years of year-over-year growth.
Across the available history, CapEx reached its high of $2.27B in 2025 and its low of $29.11M in 1996.
Iron Mountain Capital Expenditures by Year
Iron Mountain Capital Expenditures 2025: $2.27B
In 2025, Iron Mountain reported CapEx of $2.27B, grew 22.5% from 2024. This figure represents the highest annual value in the available history.
Iron Mountain Capital Expenditures 2024: $1.85B
Iron Mountain CapEx in 2024 was $1.85B, surged 37.8% from 2023.
Iron Mountain Capital Expenditures 2023: $1.35B
2023's CapEx for Iron Mountain came in at $1.35B, surged 52.2% from 2022.
Iron Mountain Capital Expenditures 2022: $883.58M
Iron Mountain posted CapEx of $883.58M in 2022, surged 41.5% from 2021.
Iron Mountain Capital Expenditures 2021: $624.38M
Iron Mountain CapEx in 2021 was $624.38M.
See more financial history for Iron Mountain (IRM).
Sector peers by CapEx
Real Estate peers of Iron Mountain (IRM), ranked by their latest CapEx
| $4.31B | |
| $1.68B | |
| $912.35M | |
| $289.38M | |
| $33.80M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $4.31B
- $1.68B
- $912.35M
- $289.38M
- $33.80M
- $0.00
- $0.00
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