AMT vs IRM
American Tower Corp. and Iron Mountain Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AMT | IRM |
|---|---|---|
| Revenue | $10.6B | $6.9B |
| Net income | $2.6B | $152.3M |
| Gross margin | 96.6% | 55.4% |
| Net margin | 24.7% | 2.2% |
| Return on equity | — | — |
| Diluted EPS | $5.40 | $0.49 |
| Dividend / share | $6.72 | $3.22 |
| Payout ratio | — | 603.9% |
| Free cash flow | $3.8B | $-931.6M |
| Equity | $3.7B | $-981.0M |
| Net debt / equity | 9.79× | — |
| Current ratio | 0.40× | 0.74× |
| Revenue CAGR 5y | 5.8% | 10.7% |
| Profit CAGR 5y | 9.2% | −15.0% |
AMT bills 1.5× the revenue of IRM, and keeps more of each dollar of revenue as profit (24.7% against 2.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
10 years side by side
| Fiscal year | AMT | IRM |
|---|---|---|
| FY2025 | $10.6B | $6.9B |
| FY2024 | $10.1B | $6.1B |
| FY2023 | $10.0B | $5.5B |
| FY2022 | $9.6B | $5.1B |
| FY2021 | $9.4B | $4.5B |
| FY2020 | $8.0B | $4.1B |
| FY2019 | $7.6B | $4.3B |
| FY2018 | $7.4B | $4.2B |
| FY2017 | $6.7B | $3.8B |
| FY2016 | $5.8B | $3.5B |
Net income by year
Bottom line
| Fiscal year | AMT | IRM |
|---|---|---|
| FY2025 | $2.6B | $152.3M |
| FY2024 | $2.3B | $183.7M |
| FY2023 | $1.4B | $187.3M |
| FY2022 | $1.7B | $562.1M |
| FY2021 | $2.6B | $452.7M |
| FY2020 | $1.7B | $343.1M |
| FY2019 | $1.9B | $268.3M |
| FY2018 | $1.2B | $355.1M |
| FY2017 | $1.2B | $171.7M |
| FY2016 | $956.4M | $107.2M |
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