MARKETS / NYSE / IRM
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Iron Mountain Inc. IRM

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$6.9B
▲ 12.2% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$0.49
Dividend / sh · FY25
$3.22
Payout · FY25
604%
ROE · FY25
Net margin · FY25
2.2%
Dividend coverage
0.2×
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Result
USD 6.9B
Revenue, FY2025 · full 18-year series below
Revenue Net income
24686.90.22008201120142017202020232025
24686.90.22016201920222025

2 cents of every revenue dollar became profit this year.

Per share
USD 0.49
Diluted EPS, FY2025
EPS Dividend
2463.220.492008201120142017202020232025
2463.220.492016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
Return on equity, FY2025
ROE
204060802008201120142017202020232025
204060802016201920222025
Operating margin16.9%
Net margin2.2%
Return on assets0.8%

Returned to shareholders
USD 919.4M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 919.4M
Net buybacks
Share of profit603.9%
Consecutive raises3 years

USD 919.4M in dividends — 604% of the year's profit, so the payout drew on cash built up earlier.

Growth
+10.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+10.6%
+10.7%
+8.7%
+6.0%
Net income
−35.3%
−15.0%
+2.0%
EPS, diluted
−36.3%
−16.3%
−1.7%
Dividend / share
+9.2%
+5.4%
+5.4%
+15.4%
Returned to shareholders
+8.3%
+5.1%
+8.5%
+12.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.30B
Shares outstanding, FY2025
0.200.302008201120142017202020232025
0.260.302016201920222025
Change, 5 years+2.6%
Change, 10 years+40.0%

The share count grew 3% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 21.1B
total assets, end of FY2025
Total assetsUSD 21.1B
EquityUSD -981.0M
CashUSD 158.5M
Gross debtUSD 16.4B
Net debtUSD 16.3B
Current ratio0.74×

Net debt stands at -1659% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
6.9
6.1
5.5
5.1
4.5
4.1
1.6
1.6
3.8
3.5
3.0
3.1
3.0
3.0
3.0
2.9
2.8
3.1
Operating income $B
1.2
1.0
0.9
1.0
0.9
0.9
0.8
0.8
0.6
0.5
0.5
0.5
0.5
0.6
0.6
0.5
0.5
0.5
EBITDA $B
2.2
1.9
1.7
1.8
1.5
1.6
1.4
1.4
1.2
1.0
0.9
0.9
0.8
0.9
0.9
0.9
0.8
0.8
Income tax $B
0.1
0.1
0.0
0.1
0.2
0.0
0.1
0.0
0.0
0.0
0.0
−0.1
0.1
0.1
0.1
0.2
0.1
0.1
Net income $B
0.2
0.2
0.2
0.6
0.5
0.3
0.3
0.4
0.2
0.1
0.1
0.3
0.1
0.2
0.4
−0.1
0.2
0.1
EPS, diluted $
0.49
0.61
0.63
1.90
1.55
1.19
0.93
1.23
0.64
0.42
0.58
1.66
0.50
0.98
2.02
−0.29
1.07
0.40
Dividend / sh $
3.22
2.73
2.54
2.47
2.47
2.47
2.45
2.38
2.27
2.04
1.91
5.37
1.08
5.12
0.94
0.38
·
·
Payout %
604
430
394
129
159
209
263
190
256
472
325
165
207
183
43
−72
·
·
ROE %
·
·
44.1
75.3
45.4
26.4
16.1
17.1
8.1
8.8
18.3
34.6
9.1
14.5
25.0
−2.6
10.2
·
Shares out B
0.30
0.29
0.29
0.29
0.29
0.29
0.29
0.29
0.28
0.26
0.21
0.21
0.19
0.19
0.17
0.20
0.20
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed