Operating Income for Iron Mountain (IRM)
According to Iron Mountain's latest reported financial statements, the company's current operating income (TTM) is $1.16B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.16B
YoY change
+39.2%
5Y CAGR
+8.5%
Peak year (2025)
$1.41B
Cumulative operating income
$15.74B
Operating Income history chart for Iron Mountain (IRM) from 1996 to 2025
Operating Income history table for Iron Mountain (IRM) from 1996 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.41B | +39.2% | ||
| 2024 | $1.01B | +9.5% | ||
| 2023 | $921.78M | -12.2% | ||
| 2022 | $1.05B | +22.9% | ||
| 2021 | $854.17M | -8.6% | ||
| 2020 | $934.78M | +19.6% | ||
| 2019 | $781.34M | -3.3% | ||
| 2018 | $808.27M | +27.5% | ||
| 2017 | $634.05M | +26.4% | ||
| 2016 | $501.61M | -4.4% | ||
| 2015 | $524.53M | -4.5% | ||
| 2014 | $549.28M | +12.3% | ||
| 2013 | $489.25M | -11.9% | ||
| 2012 | $555.47M | -2.8% | ||
| 2011 | $571.20M | +4.3% | ||
| 2010 | $547.55M | -0.2% | ||
| 2009 | $548.54M | +11.4% | ||
| 2008 | $492.53M | +8.3% | ||
| 2007 | $454.72M | +11.7% | ||
| 2006 | $407.19M | +5.3% | ||
| 2005 | $386.78M | +12.3% | ||
| 2004 | $344.50M | +13.0% | ||
| 2003 | $304.89M | +20.7% | ||
| 2002 | $252.59M | +74.2% | ||
| 2001 | $144.98M | +25.9% | ||
| 2000 | $115.12M | +79.0% | ||
| 1999 | $64.30M | +34.8% | ||
| 1998 | $47.70M | +106.5% | ||
| 1997 | $23.10M | +17.0% | ||
| 1996 | $19.75M | — |
Operating Income values are taken from Iron Mountain's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Iron Mountain (IRM) operating income is $1.41B – surged 39.2% year-over-year.
Iron Mountain operating income has grown for 2 consecutive years, with a +8.5% compound annual growth rate over 2020–2025 (5 years).
Across the available history, operating income reached its high of $1.41B in 2025 and its low of $19.75M in 1996.
Iron Mountain (IRM) sits 7th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
Iron Mountain Operating Income by Year
Iron Mountain Operating Income 2025: $1.41B
Iron Mountain operating income in 2025 was $1.41B, surged 39.2% from 2024. This figure represents the highest annual value in the available history.
Iron Mountain Operating Income 2024: $1.01B
Iron Mountain operating income in 2024 was $1.01B, grew 9.5% from 2023.
Iron Mountain Operating Income 2023: $921.78M
Iron Mountain operating income in 2023 was $921.78M, declined 12.2% below 2022.
Iron Mountain Operating Income 2022: $1.05B
Iron Mountain operating income in 2022 was $1.05B, grew 22.9% from 2021.
Iron Mountain Operating Income 2021: $854.17M
Iron Mountain operating income in 2021 was $854.17M.
See more financial history for Iron Mountain (IRM).
Sector peers — Operating Income
Companies in the same sector as Iron Mountain, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Iron Mountain's operating income?
- Latest reported operating income for Iron Mountain (IRM) is $1.16B (period ending December 31, 2025).
How has Iron Mountain operating income changed year-over-year?
- Iron Mountain (IRM) operating income changed +39.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Iron Mountain operating income?
- Iron Mountain (IRM) operating income compound annual growth rate is +8.5% over the most recent 5 years available.
When did Iron Mountain operating income hit its highest annual value?
- Iron Mountain operating income reached its highest annual value of $1.41B in 2025.
What was Iron Mountain operating income in 2024?
- Iron Mountain (IRM) operating income in 2024 was $1.01B.
What was Iron Mountain operating income in 2025?
- Iron Mountain (IRM) operating income in 2025 was $1.41B.
Metrics overview
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