Iron Mountain Inc (IRM) stock
IRMNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 7/3064% above fair value
$114.58+2.15 (+1.91%)
Close on Nov 12, 2026Market cap $34.11BP/E 74.9Yield 2.81%
Iron Mountain operating margin
Operating margin is operating income as a percentage of revenue.
Iron Mountain's operating margin for the twelve months ending Sep 30, 2026 was 19.5%. For fiscal 2025 it was 16.9%, against 16.4% the year before. The highest annual figure on record is 22.5% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 16.9% | +0.4 |
| FY2024 | Dec 31, 2024 | 16.4% | −0.4 |
| FY2023 | Dec 31, 2023 | 16.8% | −3.8 |
| FY2022 | Dec 31, 2022 | 20.6% | +1.6 |
| FY2021 | Dec 31, 2021 | 19.0% | −3.5 |
| FY2020 | Dec 31, 2020 | 22.5% | +4.2 |
| FY2019 | Dec 31, 2019 | 18.3% | −0.8 |
| FY2018 | Dec 31, 2018 | 19.1% | +2.6 |
| FY2017 | Dec 31, 2017 | 16.5% | +2.2 |
| FY2016 | Dec 31, 2016 | 14.3% | −3.2 |
| FY2015 | Dec 31, 2015 | 17.4% | −0.2 |
| FY2014 | Dec 31, 2014 | 17.6% | +1.4 |
| FY2013 | Dec 31, 2013 | 16.2% | −2.3 |
| FY2012 | Dec 31, 2012 | 18.5% | −0.5 |
| FY2011 | Dec 31, 2011 | 18.9% | +0.0 |
| FY2010 | Dec 31, 2010 | 18.9% | −0.7 |
| FY2009 | Dec 31, 2009 | 19.7% | +3.5 |
| FY2008 | Dec 31, 2008 | 16.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 20.6% | +3.0 |
| Q2 FY2026 | Jun 30, 2026 | 18.4% | +3.2 |
| Q1 FY2026 | Mar 31, 2026 | 20.4% | +4.4 |
| Q4 FY2025 | Dec 31, 2025 | 18.5% | +0.6 |
| Q3 FY2025 | Sep 30, 2025 | 17.6% | +1.5 |
| Q2 FY2025 | Jun 30, 2025 | 15.2% | +0.2 |
| Q1 FY2025 | Mar 31, 2025 | 16.0% | −0.7 |
| Q4 FY2024 | Dec 31, 2024 | 17.9% | +1.6 |
| Q3 FY2024 | Sep 30, 2024 | 16.1% | −1.0 |
| Q2 FY2024 | Jun 30, 2024 | 15.0% | −0.6 |
| Q1 FY2024 | Mar 31, 2024 | 16.6% | −1.7 |
| Q4 FY2023 | Dec 31, 2023 | 16.3% | −3.2 |
| Q3 FY2023 | Sep 30, 2023 | 17.1% | −5.1 |
| Q2 FY2023 | Jun 30, 2023 | 15.7% | −7.1 |
| Q1 FY2023 | Mar 31, 2023 | 18.3% | +0.5 |
| Q4 FY2022 | Dec 31, 2022 | 19.4% | +2.5 |
| Q3 FY2022 | Sep 30, 2022 | 22.2% | +6.2 |
| Q2 FY2022 | Jun 30, 2022 | 22.8% | −4.5 |
| Q1 FY2022 | Mar 31, 2022 | 17.8% | +2.0 |
| Q4 FY2021 | Dec 31, 2021 | 16.9% | −23.2 |
| Q3 FY2021 | Sep 30, 2021 | 16.1% | −7.1 |
| Q2 FY2021 | Jun 30, 2021 | 27.3% | +13.9 |
| Q1 FY2021 | Mar 31, 2021 | 15.7% | +2.9 |
| Q4 FY2020 | Dec 31, 2020 | 40.1% | +21.0 |
| Q3 FY2020 | Sep 30, 2020 | 23.2% | +2.1 |
| Q2 FY2020 | Jun 30, 2020 | 13.4% | −4.7 |
| Q1 FY2020 | Mar 31, 2020 | 12.9% | −2.2 |
| Q4 FY2019 | Dec 31, 2019 | 19.1% | −4.8 |
| Q3 FY2019 | Sep 30, 2019 | 21.0% | +2.6 |
| Q2 FY2019 | Jun 30, 2019 | 18.1% | −0.9 |
| Q1 FY2019 | Mar 31, 2019 | 15.1% | −0.0 |
| Q4 FY2018 | Dec 31, 2018 | 23.9% | +8.4 |
| Q3 FY2018 | Sep 30, 2018 | 18.4% | +0.1 |
| Q2 FY2018 | Jun 30, 2018 | 19.0% | +1.1 |
| Q1 FY2018 | Mar 31, 2018 | 15.1% | −0.7 |
| Q4 FY2017 | Dec 31, 2017 | 15.6% | +0.6 |
| Q3 FY2017 | Sep 30, 2017 | 18.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 17.9% | – |
| Q1 FY2017 | Mar 31, 2017 | 15.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.9% | – |
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