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IRM logoIron Mountain Incorporated (IRM) Earnings History

Annual and quarterly earnings data from 1996 to 2025

TTM Net Income
$272M
Profitable
TTM EPS
$0.91
Diluted
YoY EPS Growth
-19.7%
Declining
Net Margin
2.1%
Profitability
Operating Margin20.4%
Gross Margin25.7%
ROEN/A
ROA0.7%
Highest Annual Net Income$557M (2022)
Highest Quarterly EPS$1.40 (Q2 2014)
Consecutive Profitable Years15 years
Q1 2026
Net Income$144M
EPS$0.48
QoQ Growth+60.9%Excellent

Loading earnings history...

IRM EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
-19.7%
Declining
3-Year
-36.3%
Declining
5-Year
-16.3%
Declining
10-Year
-1.7%
Slow

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

IRM Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202525.7%20.4%2.1%
202456.2%16.4%2.9%
202357.0%16.8%3.4%
202257.1%20.6%10.9%
202158.0%19.0%10.0%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Iron Mountain Incorporated (IRM) Earnings Overview

As of May 6, 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 ($974M 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

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
IRM logoIRMCurrent
$272M$0.912.1%--19.7%—
EXR logoEXR
$974M$4.4128.8%6.7%+13.9%
PSA logoPSA
$1.9B$10.8237.0%18.6%-15.3%
CUBE logoCUBE
$327M$1.4429.7%11.6%-15.1%
NSA logoNSA
$89M$1.169.8%4.5%-40.7%
CLVT logoCLVT
-$137M$-0.21-8.2%-4.0%+68.8%
Best in group
Lowest in group

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$0.492.1%20.4%
2024$180M-2.2%$1.01B$0.612.9%16.4%
2023$184M-66.9%$922M$0.633.4%16.8%
2022$557M+23.7%$1.05B$1.9010.9%20.6%
2021$450M+31.4%$854M$1.5510.0%19.0%
2020$343M+28.2%$935M$1.198.3%22.5%
2019$267M-26.4%$781M$0.936.3%18.3%
2018$363M+97.7%$808M$1.278.6%19.1%
2017$184M+75.4%$634M$0.644.8%16.5%
2016$105M-14.9%$502M$0.423.0%14.3%

Full IRM Stock Analysis

Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.

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Is IRM Undervalued?

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Compare IRM vs WELL

Side-by-side business, growth, and profitability comparison vs Welltower Inc..

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IRM — Frequently Asked Questions

Quick answers to the most common questions about buying IRM stock.

Is IRM growing earnings?

IRM EPS fell to $0.91, with earnings declining -19.7%. This contrasts with the 5-year CAGR of -16.3%. TTM net income dropped to $272M.

What are IRM's profit margins?

Iron Mountain Incorporated net margin is +2.1%, with operating margin at +20.4%. Below-average margins reflect competitive or cost pressures.

How consistent are IRM's earnings?

IRM earnings data spans 1996-2025. The declining earnings trend is -19.7% YoY. Historical data enables comparison across business cycles.

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IRM Earnings Over Time (2014–2025)

Net income and EPS trends