How does Iron Mountain (IRM) make money?

Iron Mountain (IRM) primarily makes money through Global Records and Information Management Business, which accounts for 86.8% of total revenue. For TTM through Q4 2025, Iron Mountain generated $6.90B in total revenue with a net profit margin of 2.1%.

What is Iron Mountain (IRM) gross profit margin?

Iron Mountain (IRM) reported a gross profit margin of 55.4% for TTM through Q4 2025, equivalent to $3.82B in gross profit. This means Iron Mountain retains 55.4% of each revenue unit after direct costs of production.

What is Iron Mountain (IRM) operating profit margin?

Iron Mountain (IRM) reported an operating profit margin of 16.9% for TTM through Q4 2025, equivalent to $1.16B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Iron Mountain (IRM) net profit margin?

Iron Mountain (IRM) reported a net profit margin of 2.1% for TTM through Q4 2025, equivalent to $144.59M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Iron Mountain (IRM) spend on capital expenditures?

Iron Mountain (IRM) spent $2.27B on capital expenditures in TTM through Q4 2025 (32.9% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Iron Mountain (IRM) free cash flow?

Iron Mountain (IRM) generated −$931.63M in free cash flow for TTM through Q4 2025 (-13.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Iron Mountain (IRM) effective tax rate?

Iron Mountain (IRM) had an effective tax rate of 27.9% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Iron Mountain (IRM) Makes Money: A Visual Guide

Iron Mountain (IRM) generated $6.90B in revenue, earning $144.59M in net profit (2.1% margin). Its largest revenue source is Global Records and Information Management Business (86.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Iron Mountain (IRM) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 12, 2026).

Frequently asked questions

How does Iron Mountain (IRM) make money?: Iron Mountain (IRM) primarily makes money through Global Records and Information Management Business, which accounts for 86.8% of total revenue. For TTM through Q4 2025, Iron Mountain generated $6.90B in total revenue with a net profit margin of 2.1%.
What is Iron Mountain (IRM) gross profit margin?: Iron Mountain (IRM) reported a gross profit margin of 55.4% for TTM through Q4 2025, equivalent to $3.82B in gross profit. This means Iron Mountain retains 55.4% of each revenue unit after direct costs of production.
What is Iron Mountain (IRM) operating profit margin?: Iron Mountain (IRM) reported an operating profit margin of 16.9% for TTM through Q4 2025, equivalent to $1.16B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Iron Mountain (IRM) net profit margin?: Iron Mountain (IRM) reported a net profit margin of 2.1% for TTM through Q4 2025, equivalent to $144.59M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Iron Mountain (IRM) spend on capital expenditures?: Iron Mountain (IRM) spent $2.27B on capital expenditures in TTM through Q4 2025 (32.9% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Iron Mountain (IRM) free cash flow?: Iron Mountain (IRM) generated −$931.63M in free cash flow for TTM through Q4 2025 (-13.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Iron Mountain (IRM) effective tax rate?: Iron Mountain (IRM) had an effective tax rate of 27.9% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.