Iron Mountain Incorporated (IRM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IRM Revenue Growth
Revenue Breakdown (FY 2025)
IRM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
IRM Revenue Analysis (2014–2025)
As of May 6, 2026, Iron Mountain Incorporated (IRM) generated trailing twelve-month (TTM) revenue of $7.25 billion, reflecting exceptional growth of +21.6% year-over-year. The most recent quarter (Q1 2026) recorded $1.94 billion in revenue, up 5.0% sequentially.
Looking at the longer-term picture, IRM's 5-year compound annual growth rate (CAGR) stands at +10.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $6.90 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows IRM's business is primarily driven by Global Records and Information Management Business (87%), and Global Data Center Business (13%). With over half of revenue concentrated in Global Records and Information Management Business, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including EXR (+1.2% YoY), PSA (+2.9% YoY), and CUBE (+5.0% YoY), IRM has outperformed the peer group in terms of revenue growth. Compare IRM vs EXR →
IRM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IRMCurrent | $7.2B | +21.6% | +10.7% | 20.4% | |
 EXR | $3.4B | +1.2% | +19.6% | 44.1% | |
 PSA | $4.8B | +2.9% | +10.6% | 46.7% | |
 CUBE | $1.1B | +5.0% | +10.6% | 40.0% | |
 NSA | $753M | -1.6% | +11.7% | 37.0% | |
 CLVT | $2.5B | -3.3% | +14.4% | 2.9% |
IRM Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.90B | +12.2% | $1.77B | 25.7% | $1.41B | 20.4% |
| 2024 | $6.15B | +12.2% | $3.45B | 56.2% | $1.01B | 16.4% |
| 2023 | $5.48B | +7.4% | $3.12B | 57.0% | $921.8M | 16.8% |
| 2022 | $5.10B | +13.6% | $2.91B | 57.1% | $1.05B | 20.6% |
| 2021 | $4.49B | +8.3% | $2.60B | 58.0% | $854.2M | 19.0% |
| 2020 | $4.15B | -2.7% | $2.39B | 57.6% | $934.8M | 22.5% |
| 2019 | $4.26B | +0.9% | $2.43B | 57.0% | $781.3M | 18.3% |
| 2018 | $4.23B | +9.9% | $2.42B | 57.4% | $808.3M | 19.1% |
| 2017 | $3.85B | +9.5% | $2.16B | 56.2% | $634.1M | 16.5% |
| 2016 | $3.51B | +16.7% | $1.94B | 55.4% | $501.6M | 14.3% |
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Start ComparisonIRM — Frequently Asked Questions
Quick answers to the most common questions about buying IRM stock.
Is IRM's revenue growth accelerating or slowing?
IRM revenue is accelerating at +21.6% year-over-year, exceeding the 5-year CAGR of +10.7%. TTM revenue reached $7.2B. Growth momentum has increased versus prior periods.
What is IRM's long-term revenue growth rate?
Iron Mountain Incorporated's 5-year revenue CAGR of +10.7% reflects the sustained expansion pattern. Current YoY growth of +21.6% is above this long-term average.
How is IRM's revenue distributed by segment?
IRM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.