Company / Operating Margin
Iron Mountain Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
16.9%
FY2025
5-year range
16.4% / 22.5%
FY2021-FY2025
Trend
+2.7%
vs FY2024
Sector context
#46 of 70
Real Estate
What the data says
At 16.9%, Iron Mountain's operating margin ranks #46 of 70 in the Real Estate sector. Operating Margin returned to growth in FY2025 after 2 years of decline, reaching 16.9%.
Based on SEC 10-K filings.
16.9% in FY2025 with a 5-year CAGR of -5.7%.
Declined from 19.0% to 16.9% over the past 2 years.
Real Estate sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -5.7pp
- 5-Year Change
- -5.7pp
- 10-Year Change
- -
Sector benchmark
#46 of 70 in Real EstateTop 66% of 70This company 16.9% Sector average 27.4%
▼
-38.5% below sector average
Key checks
Key Insights
- In FY2025, operating margin increased 2.7% year-over-year.
- Currently 10.5pp below the Real Estate sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.46 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 16.9% | +2.7% |
| FY2024 | 16.4% | -13.7% |
| FY2023 | 19.0% | -15.6% |
| FY2022 | 22.5% | +18.5% |
| FY2021 | 19.0% | -15.6% |
| FY2020 | 22.5% | -62.5% |
| FY2019 | 60.2% | +214.5% |
| FY2018 | 19.1% | +16.0% |
| FY2017 | 16.5% | -6.4% |
| FY2016 | 17.6% | +8.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026