Iron Mountain Incorporated (IRM) Earnings History
Earnings Pressure30 years of earnings data (1996–2025) · 5-year EPS trend is negative
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Iron Mountain Incorporated (IRM) Earnings Overview
As of July 8, 2026, Iron Mountain Incorporated (IRM) reported trailing twelve-month net income of $272M, reflecting -19.7% year-over-year growth. The company earned $0.91 per diluted share over the past four quarters, with a net profit margin of 2.1%.
Looking at the long-term picture, IRM's 5-year EPS compound annual growth rate (CAGR) stands at -16.3%, signaling declining earnings. The company achieved its highest annual net income of $557M in fiscal 2022.
Iron Mountain Incorporated maintains positive profitability with a gross margin of 25.7%, operating margin of 20.4%, and net margin of 2.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including EXR ($944M net income, 28.8% margin), PSA ($1.90B net income, 37.0% margin), CUBE ($327M net income, 29.7% margin), IRM has room to improve margins relative to the peer group. Compare IRM vs EXR →
IRM Earnings vs Peers
Earnings metrics vs comparable public companies
IRM Historical Earnings Data (1996–2025)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $145M | -19.7% | $1.41B | $0.49 | 2.1% | 20.4% |
| 2024 | $180M | -2.2% | $1.01B | $0.61 | 2.9% | 16.4% |
| 2023 | $184M | -66.9% | $922M | $0.63 | 3.4% | 16.8% |
| 2022 | $557M | +23.7% | $1.05B | $1.90 | 10.9% | 20.6% |
| 2021 | $450M | +31.4% | $854M | $1.55 | 10.0% | 19.0% |
| 2020 | $343M | +28.2% | $935M | $1.19 | 8.3% | 22.5% |
| 2019 | $267M | -26.4% | $781M | $0.93 | 6.3% | 18.3% |
| 2018 | $363M | +97.7% | $808M | $1.27 | 8.6% | 19.1% |
| 2017 | $184M | +75.4% | $634M | $0.64 | 4.8% | 16.5% |
| 2016 | $105M | -14.9% | $502M | $0.42 | 3.0% | 14.3% |
| 2015 | $123M | -62.2% | $525M | $0.58 | 4.1% | 17.4% |
| 2014 | $326M | +235.3% | $549M | $1.66 | 10.5% | 17.6% |
| 2013 | $97M | -43.4% | $489M | $0.50 | 3.2% | 16.2% |
| 2012 | $172M | -56.6% | $555M | $0.98 | 5.7% | 18.5% |
| 2011 | $396M | +833.8% | $571M | $2.02 | 13.1% | 18.9% |
| 2010 | -$54M | -124.4% | $548M | $-0.27 | -1.8% | 18.8% |
| 2009 | $221M | +169.2% | $549M | $1.08 | 7.3% | 18.2% |
| 2008 | $82M | -46.4% | $493M | $0.40 | 2.7% | 16.1% |
| 2007 | $153M | +18.8% | $455M | $0.76 | 5.6% | 16.7% |
| 2006 | $129M | +10.5% | $407M | $0.64 | 5.5% | 17.3% |
| 2005 | $117M | +23.8% | $387M | $0.56 | 5.6% | 18.6% |
| 2004 | $94M | +11.3% | $344M | $0.48 | 5.2% | 19.0% |
| 2003 | $85M | +45.2% | $305M | $0.43 | 5.6% | 20.3% |
| 2002 | $58M | +232.3% | $253M | $0.30 | 4.4% | 19.2% |
| 2001 | -$44M | -58.3% | $145M | $-0.23 | -3.8% | 12.4% |
| 2000 | -$28M | -94.6% | $115M | $-0.16 | -2.8% | 11.7% |
| 1999 | -$14M | -30.0% | $64M | $-0.13 | -2.8% | 12.4% |
| 1998 | -$11M | +27.6% | $48M | $-0.11 | -4.1% | 17.6% |
| 1997 | -$15M | -3092.1% | $23M | $-0.26 | -8.3% | 12.6% |
| 1996 | $508,000 | - | $20M | $-0.02 | 0.4% | 15.2% |
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IRM — Frequently Asked Questions
Quick answers to the most common questions about buying IRM stock.
What is IRM earnings per share (EPS)?
IRM trailing twelve-month (TTM) diluted EPS is $0.91, reflecting -19.7% year-over-year growth. The 5-year EPS CAGR is -16.3%. Complete EPS history from 1996 to 2025 is available in the table on this page.
What is Iron Mountain Incorporated's net income?
Iron Mountain Incorporated (IRM) trailing twelve-month net income is $272M as of 2025. Earnings declined -19.7% year-over-year. Iron Mountain Incorporated has been profitable for 15 consecutive years.
Is IRM profitable?
Yes, IRM is profitable with a TTM net income of $272M and a net profit margin of +2.1%. Iron Mountain Incorporated has generated profits for 15 consecutive years.
What is IRM's earnings growth rate?
IRM compound annual EPS growth rates (CAGR): 1-Year: -19.7%, 3-Year: -36.3%, 5-Year: -16.3%, 10-Year: -1.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1996 to 2025.
What are IRM's profit margins?
Iron Mountain Incorporated net profit margin is +2.1%, operating margin is +20.4%, and gross margin is +25.7%. Below-average margins reflect competitive or cost pressures. Return on Equity is N/A.
Is IRM growing earnings?
IRM earnings are declining — EPS fell -19.7% year-over-year. TTM net income dropped to $272M. This contrasts with the 5-year CAGR of -16.3%.
What was IRM's best earnings year?
Iron Mountain Incorporated's highest annual net income on record is $557M, achieved in fiscal year 2022. Earnings history on this page spans 1996 to 2025 and includes all annual and quarterly figures.
What were IRM's earnings last quarter?
IRM's most recent reported quarter was Q1 2026. Net income was $144M with diluted EPS of $0.48. For a full breakdown of all quarters, see the quarterly earnings table on this page.