Equinix vs Iron Mountain: revenue, profit, margins and growth compared
Equinix brought in $9.2B of revenue in fiscal 2025, Iron Mountain $6.9B in fiscal 2025. Revenue changed by +5.4% at Equinix and +12.2% at Iron Mountain on the year before, so Iron Mountain grew faster. Equinix kept 14.6% of its revenue as net profit, Iron Mountain 2.1%. Free cash flow was -$400M at Equinix and -$931.6M at Iron Mountain.
Fiscal years as each company reports them; the two may end in different months.
Questions about Equinix and Iron Mountain
Which is bigger by revenue, Equinix or Iron Mountain?
Equinix is bigger by revenue: $9.2B in fiscal 2025, against $6.9B for Iron Mountain in fiscal 2025.
Which keeps more of its revenue as profit, Equinix or Iron Mountain?
Equinix had a net margin of 14.6% in fiscal 2025; Iron Mountain had 2.1% in fiscal 2025.
Which grew revenue faster, Equinix or Iron Mountain?
In their latest fiscal years revenue changed by +5.4% at Equinix and +12.2% at Iron Mountain.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.