IRON MOUNTAIN INC（IRM）の決算・業績分析
IRON MOUNTAIN INCの2025年有価証券報告書をAI分析。売上高$6.9B(+12.2%)。営業利益$1.2B。Real Estate。
目次
IRON MOUNTAIN INCの2025年度 業績サマリー
IRON MOUNTAIN INC（証券コード: IRM）の2025年度決算・業績分析。売上高は$6.9B（前年比+12.2%）。営業利益は$1.2B（前年比+15.3%）。純利益は$152M（前年比-17.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
IRON MOUNTAIN INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 13.6% YoY to $5.1B (XBRL), driven by organic storage rental growth and data center lease commencements.
- Operating income jumped 22.9% YoY to $1.0B (XBRL), with operating margin expanding to 20.6% (XBRL).
- ROE reached 265.6% (XBRL), but net debt stood at $11.6B (6.5x EBITDA) (XBRL), highlighting leverage risks.
- Dividends paid totaled $724M (XBRL), with a payout ratio of 128.9% (XBRL), exceeding 100% of net income.
IRON MOUNTAIN INCの売上高変化の要因
- •Total revenue rose 13.6% YoY to $5.1B (XBRL), with growth driven by organic storage rental expansion in the Global RIM segment and lease commencements in the Global Data Center Business (10-K). Segment-specific revenue figures are not disclosed (N/A). The 5-year revenue CAGR of 27.9% (XBRL) reflects sustained growth, though operating income CAGR lagged at 2.7% (XBRL).
IRON MOUNTAIN INCの営業利益変化の要因
- •Operating margin expanded to 20.6% (XBRL), up from prior years, with operating income rising 22.9% YoY to $1.0B (XBRL). Net margin improved to 11.0% (XBRL), with net income growing 24.2% YoY to $562M (XBRL). EBITDA margin was 34.8% (XBRL). However, ROA remains low at 3.5% (XBRL), reflecting high leverage.
IRON MOUNTAIN INCの事業リスクと対応
Failure to execute strategic growth plans may increase debt and operational challenges (10-K).
Declining activity in stored records could reduce service revenue while fixed costs remain (10-K).
Customer adoption of alternative storage technologies may decrease demand for traditional services (10-K).
Regulatory and cybersecurity risks could raise compliance costs and legal liabilities (10-K).
Inability to manage costs amid inflation or scale growth may strain financial resources (10-K).
IRON MOUNTAIN INCの今後の見通し・業績予想
IRON MOUNTAIN INCの事業内容
Iron Mountain Inc (IRM) provides information management services, including physical and digital storage, data center operations, and asset lifecycle management (10-K). Key segments include Global Digital Solutions, Asset Lifecycle Management (ALM), Fine Arts storage, Consumer Storage, and Global Data Center services with 29 operating data centers (10-K). The company serves over 240,000 customers in 61 countries, including ~95% of the Fortune 1000 (10-K). Competitive advantages include 70+ years of customer trust, global scale, and leadership in hybrid physical/digital solutions (10-K).
IRON MOUNTAIN INCのAI業績分析レポート（2024年度）
Iron Mountain Inc (IRM) FY2024 Annual Report Analysis
Highlights
Business Overview
Iron Mountain Inc provides information management services, including physical and digital storage, data center operations, and asset lifecycle management (10-K). Key segments include Global Digital Solutions, Asset Lifecycle Management (ALM), Fine Arts storage, Consumer Storage, and Global Data Center services with 29 operating data centers (10-K). The company serves over 240,000 customers in 61 countries, including ~95% of the Fortune 1000 (10-K). Competitive advantages include 70+ years of customer trust, global scale, and leadership in hybrid physical/digital solutions (10-K).
Revenue Analysis
Total revenue rose 13.6% YoY to $5.1B (XBRL), with growth driven by organic storage rental expansion in the Global RIM segment and lease commencements in the Global Data Center Business (10-K). Segment-specific revenue figures are not disclosed (N/A). The 5-year revenue CAGR of 27.9% (XBRL) reflects sustained growth, though operating income CAGR lagged at 2.7% (XBRL).
Profitability Analysis
Operating margin expanded to 20.6% (XBRL), up from prior years, with operating income rising 22.9% YoY to $1.0B (XBRL). Net margin improved to 11.0% (XBRL), with net income growing 24.2% YoY to $562M (XBRL). EBITDA margin was 34.8% (XBRL). However, ROA remains low at 3.5% (XBRL), reflecting high leverage.
Balance Sheet Analysis
Equity ratio declined to 1.3% (XBRL), with total equity dropping to $212M (XBRL) from $1.5B in FY2020 (XBRL). Current ratio fell to 0.78x (XBRL), indicating liquidity constraints. Net debt reached $11.6B (6.5x EBITDA) (XBRL), with long-term debt at $11.8B (XBRL). Cash reserves stood at $223M (XBRL).
Cash Flow Analysis
Operating cash flow totaled $928M (XBRL), but free cash flow (FCF) was only $52M (XBRL) due to $875M in CapEx (XBRL). Dividends paid reached $724M (XBRL), with a payout ratio of 128.9% (XBRL). Capital expenditures were 17.1% of revenue (XBRL), driven by Project Matterhorn investments (10-K).
Working Capital Analysis
Receivables days increased to 90 days (XBRL), while payables days remained at 39 days (XBRL). Inventory days data is not available (N/A), so cash conversion cycle (CCC) cannot be calculated.
Risks
Outlook
Management expects continued revenue and EBITDA growth in FY2025 due to Project Matterhorn, new product offerings, and market expansion (10-K). Key trends include organic storage rental growth and expansion of digital solutions and ALM (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 4.1B | 4.5B | 5.1B | 5.5B |
| Operating Income | 808M | 781M | 935M | 854M | 1.0B | 922M |
| Net Income | 355M | 268M | 343M | 453M | 562M | 187M |
| Total Assets | 11.9B | 13.8B | 14.1B | 14.5B | 16.1B | 17.5B |
| Total Equity | 1.5B | 1.1B | 856M | 637M | 212M | -503M |
| Operating Cash Flow | 936M | 967M | 988M | 759M | 928M | 1.1B |
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