Iron Mountain
Iron Mountain returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
Average equity attributable to owners is zero or negative, so this ratio is undefined.
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 7.83% | — | — | 2.06% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 7.38% | — | — | 1.4% | — |
| FY 2025 Q4 | Dec 31, 2025 | 5.82% | 6.82% | 3.51% | — | 0.76% | -1.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 6.51% | — | — | 0.84% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 6.35% | — | — | 0.24% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 6.3% | — | — | 0.66% | — |
| FY 2024 Q4 | Dec 31, 2024 | 6.02% | 6.54% | -0.11% | — | 1.01% | -1.7 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 6.17% | — | — | 0.61% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 6.21% | — | — | 1.34% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 6.13% | — | — | 1.16% | — |
| FY 2023 Q4 | Dec 31, 2023 | 6.61% | 6.26% | -20.35% | — | 1.11% | -1.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 6.51% | — | — | 1.74% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 6.94% | — | — | 2.39% | — |
| FY 2023 Q1 | Mar 31, 2023 | 8.53% | 7.53% | 51.4% | — | 3.65% | 0.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 8.93% | 7.88% | 26.84% | — | 3.68% | 1.2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 8.4% | 7.57% | -1.43% | — | 3.33% | 0.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 7.27% | 6.77% | -22.21% | — | 2.49% | -0.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 6.38% | 6.98% | -20.74% | — | 3.03% | -1.3 pp |
| FY 2021 Q4 | Dec 31, 2021 | 6.3% | 6.95% | -103.17% | — | 3.17% | -1.4 pp |
| FY 2021 Q3 | Sep 30, 2021 | 8.89% | 8.95% | — | — | 4.57% | 1.2 pp |
| FY 2021 Q2 | Jun 30, 2021 | 9.61% | 9.3% | — | — | 4.24% | 1.9 pp |
| FY 2021 Q1 | Mar 31, 2021 | 8.95% | 8.06% | — | — | 2.36% | 1.3 pp |
| FY 2020 Q4 | Dec 31, 2020 | 8.79% | 7.78% | — | — | 2.45% | 1.1 pp |
| FY 2020 Q3 | Sep 30, 2020 | — | 6.08% | — | — | 0.98% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 5.8% | — | — | 1.45% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 6.29% | — | — | 2.22% | — |
| FY 2019 Q4 | Dec 31, 2019 | 6.2% | 7.02% | -71.12% | — | 2.09% | -1.5 pp |
| FY 2019 Q3 | Sep 30, 2019 | — | 6.88% | — | — | 3.07% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 6.53% | — | — | 2.73% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 6.54% | — | — | 2.72% | — |
| FY 2018 Q4 | Dec 31, 2018 | 7.28% | 7.54% | 8.14% | — | 3.19% | -0.4 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 7.33% | — | — | 2.06% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 7.41% | — | — | 1.71% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 7% | — | — | 1.59% | — |
| FY 2017 Q4 | Dec 31, 2017 | 6.69% | 7.18% | 50.83% | — | 1.81% | -1 pp |
| FY 2017 Q3 | Sep 30, 2017 | — | 7.08% | — | — | 2.12% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 6.93% | — | — | 2.01% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 7.46% | — | — | 1.28% | — |
| FY 2016 Q4 | Dec 31, 2016 | 4.72% | 7.19% | -2.03% | — | 1.35% | -3 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 6.63% | — | — | 0.77% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 6.61% | — | — | 0.98% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 9% | — | — | 2.29% | — |
| FY 2015 Q4 | Dec 31, 2015 | 6.87% | 9.35% | — | — | 1.94% | -0.8 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | 9.8% | — | — | 1.99% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 9.45% | — | — | 1.67% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 9.78% | — | — | 5.02% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 9.63% | — | — | 4.97% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 9.97% | — | — | 5.58% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 9.49% | — | — | 5.62% | — |
| FY 2014 Q1 | Mar 31, 2014 | 7.06% | 9.06% | 14.77% | — | 1.88% | -0.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 6.13% | 8.83% | -11.13% | — | 1.55% | -1.6 pp |
| FY 2013 Q3 | Sep 30, 2013 | 4.59% | 8.96% | -71.28% | — | 1.25% | -3.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 5.98% | 9.67% | -39.28% | — | 2.06% | -1.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 6.06% | 10% | -51.37% | — | 2.25% | -1.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | 7.47% | 10.46% | -17.81% | — | 2.82% | -0.2 pp |
| FY 2012 Q3 | Sep 30, 2012 | 8.19% | 11.22% | 9.73% | — | 2.87% | 0.5 pp |
| FY 2012 Q2 | Jun 30, 2012 | 7.7% | 10.82% | — | — | 2.67% | 0 pp |
| FY 2012 Q1 | Mar 31, 2012 | 8.23% | 10.56% | — | — | 6.06% | 0.5 pp |
| FY 2011 Q4 | Dec 31, 2011 | 8.73% | 10.64% | — | — | 6.43% | 1 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.79% | 9.65% | — | — | 6.24% | 0.1 pp |
| FY 2011 Q2 | Jun 30, 2011 | 1.29% | 5.92% | — | — | 3.15% | -6.4 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | 5.9% | — | — | -0.09% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · IRM, USD. Latest completed close Oct 27, 2026. Price data retrieved Oct 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.