IRM vs PLD
Iron Mountain Inc. and Prologis, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IRM | PLD |
|---|---|---|
| Revenue | $6.9B | $8.8B |
| Net income | $152.3M | $3.3B |
| Gross margin | 55.4% | · |
| Net margin | 2.2% | 40.6% |
| Return on equity | · | 6.2% |
| Diluted EPS | $0.49 | $3.56 |
| Dividend / share | $3.22 | $0.03 |
| Payout ratio | 603.9% | 113.1% |
| Free cash flow | $-931.6M | $3.2B |
| Equity | $-981.0M | $53.2B |
| Net debt / equity | · | 0.64× |
| Current ratio | 0.74× | · |
| Revenue CAGR 5y | 10.7% | 14.6% |
| Profit CAGR 5y | −15.0% | 17.6% |
PLD bills 1.3× the revenue of IRM, and keeps more of each dollar of revenue as profit (40.6% 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. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | IRM | PLD |
|---|---|---|
| FY2025 | $6.9B | $8.8B |
| FY2024 | $6.1B | $8.2B |
| FY2023 | $5.5B | $8.0B |
| FY2022 | $5.1B | $6.0B |
| FY2021 | $4.5B | $4.8B |
| FY2020 | $4.1B | $4.4B |
| FY2019 | $4.3B | $3.3B |
| FY2018 | $4.2B | $2.8B |
| FY2017 | $3.8B | $2.6B |
| FY2016 | $3.5B | $2.5B |
Bottom line
| Fiscal year | IRM | PLD |
|---|---|---|
| FY2025 | $152.3M | $3.3B |
| FY2024 | $183.7M | $3.7B |
| FY2023 | $187.3M | $3.1B |
| FY2022 | $562.1M | $3.4B |
| FY2021 | $452.7M | $2.9B |
| FY2020 | $343.1M | $1.5B |
| FY2019 | $268.3M | $1.6B |
| FY2018 | $355.1M | $1.6B |
| FY2017 | $171.7M | $1.7B |
| FY2016 | $107.2M | $1.2B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,888,390,000 | PLD |
| FY2024 | −$2,051,701,000 | PLD |
| FY2023 | −$2,543,180,000 | PLD |
| FY2022 | −$870,118,000 | PLD |
| FY2021 | −$267,909,000 | PLD |
| FY2020 | −$291,465,000 | PLD |
| FY2019 | +$931,963,000 | IRM |
| FY2018 | +$1,421,312,000 | IRM |
| FY2017 | +$1,227,444,000 | IRM |
| FY2016 | +$978,318,000 | IRM |
| FY2015 | +$810,902,000 | IRM |
| FY2014 | +$1,356,906,000 | IRM |
| FY2013 | +$1,274,137,000 | IRM |
| FY2012 | +$1,043,437,000 | IRM |
| FY2011 | +$1,592,932,000 | IRM |
| FY2010 | +$2,052,197,000 | IRM |
| FY2009 | +$1,747,213,000 | IRM |
The higher-revenue side has changed between IRM and PLD over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −38.4 pp | PLD |
| FY2024 | −45.1 pp | PLD |
| FY2023 | −37.1 pp | PLD |
| FY2022 | −48.5 pp | PLD |
| FY2021 | −56.1 pp | PLD |
| FY2020 | −28.1 pp | PLD |
| FY2019 | −44.8 pp | PLD |
| FY2018 | −56.6 pp | PLD |
| FY2017 | −62.8 pp | PLD |
| FY2016 | −48.0 pp | PLD |
| FY2015 | −38.0 pp | PLD |
| FY2014 | −31.4 pp | PLD |
| FY2013 | −16.9 pp | PLD |
| FY2012 | +7.3 pp | IRM |
| FY2011 | +24.4 pp | IRM |
| FY2010 | +149.4 pp | IRM |
| FY2009 | +5.6 pp | IRM |
The higher net margin has changed hands between IRM and PLD over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PLD's net margin has been more volatile than IRM's over the 17 comparable fiscal years — 50.2 percentage points of standard deviation against 3.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IRM and PLD over these 17 fiscal years — IRM led in 4 and PLD in 13.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IRM's return on equity has been more volatile than PLD's over the 15 comparable fiscal years — 19.0 percentage points of standard deviation against 6.4.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between IRM and PLD over these 15 fiscal years — IRM led in 14 and PLD in 1.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.