Iron Mountain annual free cash flow
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2025
Iron Mountain Free Cash Flow (FCF) History (IRM)
Iron Mountain reported −$931.6M in free cash flow for fiscal 2025, a decrease of $336.8M from the previous fiscal year, with a free cash flow margin of −13.50%.
View full Iron Mountain company overviewIron Mountain free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$931.6M | −$336.8M | — | −13.50% |
| 2024 | 2024-12-31 | −$594.9M | −$369.2M | — | −9.67% |
| 2023 | 2023-12-31 | −$225.7M | −$278.0M | — | −4.12% |
| 2022 | 2022-12-31 | $52.3M | −$95.5M | −64.61% | +1.03% |
| 2021 | 2021-12-31 | $147.8M | −$401.6M | −73.09% | +3.29% |
| 2020 | 2020-12-31 | $549.4M | $275.7M | +100.75% | +13.25% |
| 2019 | 2019-12-31 | $273.7M | −$201.8M | −42.44% | +17.30% |
| 2018 | 2018-12-31 | $475.5M | $97.7M | +25.84% | +29.66% |
| 2017 | 2017-12-31 | $377.8M | $162.5M | +75.50% | +9.83% |
| 2016 | 2016-12-31 | $215.3M | −$36.2M | −14.40% | +6.13% |
| 2015 | 2015-12-31 | $251.5M | $140.5M | +126.54% | — |
| 2014 | 2014-12-31 | $111.0M | −$109.2M | −49.59% | — |
| 2013 | 2013-12-31 | $220.3M | $28.2M | +14.68% | — |
| 2012 | 2012-12-31 | $192.1M | −$214.2M | −52.73% | — |
| 2011 | 2011-12-31 | $406.3M | $40.0M | +10.92% | — |
| 2010 | 2010-12-31 | $366.3M | $37.3M | +11.34% | — |
| 2009 | 2009-12-31 | $329.0M | $178.7M | +118.88% | — |
| 2008 | 2008-12-31 | $150.3M | — | — | — |
Iron Mountain quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$38.9M | $142.7M | — | −1.92% |
| Q1 2026 | 2026-03-31 | −$179.5M | $298.0M | — | −9.27% |
| Q4 2025 | 2025-12-31 | −$16.2M | $169.8M | — | −0.88% |
| Q3 2025 | 2025-09-30 | −$256.3M | −$113.1M | — | −14.61% |
| Q2 2025 | 2025-06-30 | −$181.6M | −$167.1M | — | −10.61% |
| Q1 2025 | 2025-03-31 | −$477.5M | −$226.4M | — | −29.98% |
| Q4 2024 | 2024-12-31 | −$186.0M | −$256.3M | — | −11.76% |
| Q3 2024 | 2024-09-30 | −$143.2M | −$1.9M | — | −9.19% |
| Q2 2024 | 2024-06-30 | −$14.6M | $3.0M | — | −0.95% |
| Q1 2024 | 2024-03-31 | −$251.1M | −$114.0M | — | −17.00% |
| Q4 2023 | 2023-12-31 | $70.3M | −$18.5M | −20.84% | +4.95% |
| Q3 2023 | 2023-09-30 | −$141.3M | −$89.1M | — | −10.18% |
| Q2 2023 | 2023-06-30 | −$17.6M | −$139.8M | — | −1.29% |
| Q1 2023 | 2023-03-31 | −$137.1M | −$30.6M | — | −10.43% |
| Q4 2022 | 2022-12-31 | $88.8M | −$14.7M | −14.20% | +6.94% |
| Q3 2022 | 2022-09-30 | −$52.1M | −$2.9M | — | −4.05% |
| Q2 2022 | 2022-06-30 | $122.2M | −$48.1M | −28.22% | +9.48% |
| Q1 2022 | 2022-03-31 | −$106.5M | −$29.8M | — | −8.54% |
| Q4 2021 | 2021-12-31 | $103.5M | −$230.9M | −69.06% | +3.13% |
| Q3 2021 | 2021-09-30 | −$49.3M | −$25.4M | — | −11.97% |
| Q2 2021 | 2021-06-30 | $170.3M | −$40.3M | −19.15% | +42.42% |
| Q1 2021 | 2021-03-31 | −$76.7M | −$105.0M | — | −20.51% |
| Q4 2020 | 2020-12-31 | $334.4M | $175.2M | +110.10% | +10.73% |
| Q3 2020 | 2020-09-30 | −$23.9M | −$75.8M | — | −7.01% |
| Q2 2020 | 2020-06-30 | $210.6M | $80.3M | +61.66% | +69.00% |
| Q1 2020 | 2020-03-31 | $28.3M | $96.0M | — | +7.34% |
| Q4 2019 | 2019-12-31 | $159.1M | −$21.8M | −12.03% | — |
| Q3 2019 | 2019-09-30 | $51.9M | −$66.9M | −56.31% | +13.35% |
| Q2 2019 | 2019-06-30 | $130.3M | −$49.5M | −27.52% | +32.77% |
| Q1 2019 | 2019-03-31 | −$67.7M | −$63.7M | — | −6.42% |
| Q4 2018 | 2018-12-31 | $180.9M | $78.2M | +76.12% | — |
| Q3 2018 | 2018-09-30 | $118.9M | −$1.8M | −1.48% | +11.20% |
| Q2 2018 | 2018-06-30 | $179.8M | $73.9M | +69.85% | +16.95% |
| Q1 2018 | 2018-03-31 | −$4.0M | −$52.7M | — | −0.39% |
| Q4 2017 | 2017-12-31 | $102.7M | $64.0M | +165.21% | — |
| Q3 2017 | 2017-09-30 | $120.7M | −$12.8M | −9.61% | +12.49% |
| Q2 2017 | 2017-06-30 | $105.8M | $63.0M | +147.17% | +11.14% |
| Q1 2017 | 2017-03-31 | $48.6M | $48.4M | +18183.83% | — |
| Q4 2016 | 2016-12-31 | $38.7M | −$95.3M | −71.10% | — |
| Q3 2016 | 2016-09-30 | $133.5M | $56.3M | +73.05% | — |
| Q2 2016 | 2016-06-30 | $42.8M | −$66.8M | −60.95% | — |
| Q1 2016 | 2016-03-31 | $266,000 | $69.5M | — | — |
| Q4 2015 | 2015-12-31 | $134.0M | $47.4M | +54.81% | — |
| Q3 2015 | 2015-09-30 | $77.1M | $59.5M | +338.00% | — |
| Q2 2015 | 2015-06-30 | $109.6M | $50.6M | +85.62% | — |
| Q1 2015 | 2015-03-31 | −$69.3M | −$17.0M | — | — |
| Q4 2014 | 2014-12-31 | $86.6M | −$4.0M | −4.40% | — |
| Q3 2014 | 2014-09-30 | $17.6M | −$56.4M | −76.22% | — |
| Q2 2014 | 2014-06-30 | $59.1M | $14.6M | +32.82% | — |
| Q1 2014 | 2014-03-31 | −$52.2M | −$63.4M | — | — |
| Q4 2013 | 2013-12-31 | $90.5M | $33.8M | +59.46% | — |
| Q3 2013 | 2013-09-30 | $74.0M | $43.6M | +143.21% | — |
| Q2 2013 | 2013-06-30 | $44.5M | −$41.4M | −48.20% | — |
| Q1 2013 | 2013-03-31 | $11.2M | −$7.8M | −41.02% | — |
| Q4 2012 | 2012-12-31 | $56.8M | −$86.6M | −60.41% | — |
| Q3 2012 | 2012-09-30 | $30.4M | −$88.5M | −74.41% | — |
| Q2 2012 | 2012-06-30 | $85.9M | $9.1M | +11.88% | — |
| Q1 2012 | 2012-03-31 | $19.0M | −$48.2M | −71.74% | — |
| Q4 2011 | 2011-12-31 | $143.4M | $28.7M | +25.03% | — |
| Q3 2011 | 2011-09-30 | $119.0M | $923,000 | +0.78% | — |
| Q2 2011 | 2011-06-30 | $76.7M | −$7.6M | −8.96% | — |
| Q1 2011 | 2011-03-31 | $67.1M | $17.9M | +36.39% | — |
| Q4 2010 | 2010-12-31 | $114.7M | $3.6M | +3.24% | — |
| Q3 2010 | 2010-09-30 | $118.1M | $14.6M | +14.11% | — |
| Q2 2010 | 2010-06-30 | $84.3M | $25.5M | +43.25% | — |
| Q1 2010 | 2010-03-31 | $49.2M | −$6.4M | −11.43% | — |
| Q4 2009 | 2009-12-31 | $111.1M | — | — | — |
| Q3 2009 | 2009-09-30 | $103.5M | — | — | — |
| Q2 2009 | 2009-06-30 | $58.8M | — | — | — |
| Q1 2009 | 2009-03-31 | $55.6M | — | — | — |
Iron Mountain free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $549.4M to −$931.6M, a net decrease of $1.48B. Iron Mountain's latest reported quarter, Q2 2026, generated −$38.9M in free cash flow, an increase of $142.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Iron Mountain filings at SEC.gov ↗