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Operating Margin for Iron Mountain (IRM)

As of · Reported

Metric
Profitability

TTM

18.0%

YoY change

+3.95pp

Trough year (2000)

11.7%

Peak year (2020)

22.5%

Operating Margin history chart for Iron Mountain (IRM) from 1996 to 2025

Latest: 20.4%

Operating Margin change chart for Iron Mountain (IRM) from 1996 to 2025

Latest: +3.95pp

Operating Margin history table for Iron Mountain (IRM) from 1996 to 2025

  • 202520.4%+3.95pp
  • 202416.4%-0.40pp
  • 202316.8%-3.75pp
  • 202220.6%+1.55pp
  • 202119.0%-3.52pp
  • 202022.5%+4.21pp
  • 201918.3%-0.80pp
  • 201819.1%+2.64pp
  • 201716.5%+2.20pp
  • 201614.3%-3.15pp
  • 201517.4%-0.18pp
  • 201417.6%+1.45pp
  • 201316.2%-2.31pp
  • 201218.5%-0.46pp
  • 201118.9%+0.17pp
  • 201018.8%+0.57pp
  • 200918.2%+2.08pp
  • 200816.1%-0.53pp
  • 200716.7%-0.67pp
  • 200617.3%-1.29pp
  • 200518.6%-0.34pp
  • 200419.0%-1.35pp
  • 200320.3%+1.15pp
  • 200219.2%+6.78pp
  • 200112.4%+0.71pp
  • 200011.7%-0.71pp
  • 199912.4%-5.27pp
  • 199817.6%+5.06pp
  • 199712.6%-2.63pp
  • 199615.2%—

Operating Margin values are taken from Iron Mountain's reported income 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 Operating Margin at Iron Mountain (IRM)

According to Iron Mountain's latest reported financial statements, the company's latest reported operating margin is 18.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Iron Mountain (IRM) most recent annual operating margin stands at 20.36% (2025) – expanded 3.9 percentage points year-over-year.

22.54% stands as the all-time-high annual operating margin, posted in 2020, against a low of 11.67% during 2000.

Iron Mountain Operating Margin by Year

Iron Mountain Operating Margin 2025: 20.4%

Iron Mountain operating margin in 2025 was 20.36%, expanded 3.9 percentage points from 2024.

Iron Mountain Operating Margin 2024: 16.4%

2024's operating margin for Iron Mountain came in at 16.42%, contracted 0.4 percentage points from 2023.

Iron Mountain Operating Margin 2023: 16.8%

Iron Mountain posted operating margin of 16.82% in 2023, contracted 3.8 percentage points from 2022.

Iron Mountain Operating Margin 2022: 20.6%

In 2022, Iron Mountain reported operating margin of 20.57%, expanded 1.6 percentage points from 2021.

Iron Mountain Operating Margin 2021: 19.0%

Iron Mountain operating margin in 2021 was 19.02%.

See more financial history for Iron Mountain (IRM).

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