Iron Mountain Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	4,053	3,682	3,371	3,034	2,870
Service and Other Revenue	2,849	2,468	2,110	2,070	1,621
Revenue	6,902	6,150	5,480	5,104	4,492
Revenue Growth (YoY)	12.22%	12.22%	7.38%	13.63%	8.30%
Property Expenses	3,079	2,697	2,358	2,189	1,887
Total Property Expenses	3,079	2,697	2,358	2,189	1,887
Gross Profit	3,822	3,453	3,122	2,914	2,604
Selling, General & Admin	1,394	1,340	1,236	1,141	1,023
Depreciation & Amortization Expenses	1,024	900.91	776.16	727.6	680.42
Other Operating Expenses	240.1	203.4	188.27	-3.59	47.15
Operating Income	1,164	1,010	921.78	1,050	854.17
Interest Expense	-829.34	-721.56	-585.93	-488.01	-417.96
Other Non-Operating Income (Expense)	-123.3	-43.42	-108.64	69.78	192.8
Total Non-Operating Income (Expense)	-952.63	-764.98	-694.57	-418.23	-225.16
Pretax Income	211.19	244.54	227.21	631.64	629.02
Provision for Income Taxes	58.93	60.87	39.94	69.49	176.29
Net Income	144.59	180.16	184.23	556.98	450.22
Minority Interest in Earnings	7.66	3.51	3.03	5.17	2.51
Net Income to Common	144.59	180.16	184.23	556.98	450.22
Net Income Growth	-19.74%	-2.21%	-66.92%	23.71%	31.38%
Shares Outstanding (Basic)	295	293	292	291	289
Shares Outstanding (Diluted)	298	296	294	292	291
Shares Change (YoY)	0.53%	0.77%	0.52%	0.51%	0.81%
EPS (Basic)	0.49	0.61	0.63	1.92	1.56
EPS (Diluted)	0.49	0.61	0.63	1.90	1.55
EPS Growth	-19.67%	-3.17%	-66.84%	22.58%	30.25%
Free Cash Flow	-931.63	-594.86	-225.66	52.32	147.82
Free Cash Flow Growth	-	-	-	-64.61%	-73.09%
Free Cash Flow Per Share	-3.13	-2.01	-0.77	0.18	0.51
Dividends Per Share	3.219	2.730	2.537	2.474	2.474
Dividend Growth	17.91%	7.61%	2.55%	-	-
Gross Margin	55.38%	56.15%	56.98%	57.11%	57.98%
Operating Margin	16.86%	16.42%	16.82%	20.57%	19.02%
Profit Margin	2.21%	2.99%	3.42%	11.01%	10.08%
FCF Margin	-13.50%	-9.67%	-4.12%	1.03%	3.29%
EBITDA	2,221	1,936	1,715	1,796	1,551
EBITDA Margin	32.18%	31.48%	31.29%	35.18%	34.53%
EBIT	1,164	1,010	921.78	1,050	854.17
EBIT Margin	16.86%	16.42%	16.82%	20.57%	19.02%
Effective Tax Rate	27.91%	24.89%	17.58%	11.00%	28.03%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.