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Host Hotels & Resorts vs Iron Mountain: revenue, profit, margins and growth compared

Host Hotels & Resorts brought in $6.1B of revenue in fiscal 2025, Iron Mountain $6.9B in fiscal 2025. Revenue changed by +7.6% at Host Hotels & Resorts and +12.2% at Iron Mountain on the year before, so Iron Mountain grew faster. Host Hotels & Resorts kept 12.5% of its revenue as net profit, Iron Mountain 2.1%. Free cash flow was $1.2B at Host Hotels & Resorts and -$931.6M at Iron Mountain.

Side by side, latest fiscal year

HSTIRM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$6.9B
Revenue growth+7.6%+12.2%
Net income$765M$144.6M
Net margin12.5%2.1%
Free cash flow$1.2B-$931.6M
Free cash flow margin20.1%-13.5%
Earnings per share (diluted)$1.10$0.49
Cash$768M$158.5M
Debt$1.3B$16.4B
Price to earnings20.4227.3
Market value$15.4B$33.2B
Dividend yield4.24%2.89%
Rank by revenue in sector#7 of 162 · Real estate#5 of 162 · Real estate

Over the years

Revenue
HST FY2018: $5.5BHST FY2019: $5.5BHST FY2020: $1.6BHST FY2021: $2.9BHST FY2022: $4.9BHST FY2023: $5.3BHST FY2024: $5.7BHST FY2025: $6.1BIRM FY2018: $4.2BIRM FY2019: $4.3BIRM FY2020: $4.1BIRM FY2021: $4.5BIRM FY2022: $5.1BIRM FY2023: $5.5BIRM FY2024: $6.1BIRM FY2025: $6.9BFY18FY19FY20FY21FY22FY23FY24FY25
HST $6.1BIRM $6.9B
Net income
HST FY2018: $1.1BHST FY2019: $920MHST FY2020: -$732MHST FY2021: -$11MHST FY2022: $633MHST FY2023: $740MHST FY2024: $697MHST FY2025: $765MIRM FY2018: $353.9MIRM FY2019: $267.4MIRM FY2020: $342.7MIRM FY2021: $450.2MIRM FY2022: $557MIRM FY2023: $184.2MIRM FY2024: $180.2MIRM FY2025: $144.6MFY18FY19FY20FY21FY22FY23FY24FY25
HST $765MIRM $144.6M
Net margin
HST FY2018: 19.7%HST FY2019: 16.8%HST FY2020: -45.2%HST FY2021: -0.4%HST FY2022: 12.9%HST FY2023: 13.9%HST FY2024: 12.3%HST FY2025: 12.5%IRM FY2018: 8.4%IRM FY2019: 6.3%IRM FY2020: 8.3%IRM FY2021: 10.0%IRM FY2022: 10.9%IRM FY2023: 3.4%IRM FY2024: 2.9%IRM FY2025: 2.1%FY18FY19FY20FY21FY22FY23FY24FY25
HST 12.5%IRM 2.1%
Revenue growth
HST FY2019: -1.0%HST FY2020: -70.4%HST FY2021: +78.4%HST FY2022: +69.8%HST FY2023: +8.2%HST FY2024: +7.0%HST FY2025: +7.6%IRM FY2019: +0.9%IRM FY2020: -2.7%IRM FY2021: +8.3%IRM FY2022: +13.6%IRM FY2023: +7.4%IRM FY2024: +12.2%IRM FY2025: +12.2%FY19FY20FY21FY22FY23FY24FY25
HST +7.6%IRM +12.2%
Free cash flow
HST FY2018: $1BHST FY2019: $914MHST FY2020: -$650MHST FY2021: -$1MHST FY2022: $1.1BHST FY2023: $1.2BHST FY2024: $1.2BHST FY2025: $1.2BIRM FY2018: $475.5MIRM FY2019: $273.7MIRM FY2020: $549.4MIRM FY2021: $147.8MIRM FY2022: $52.3MIRM FY2023: -$225.7MIRM FY2024: -$594.9MIRM FY2025: -$931.6MFY18FY19FY20FY21FY22FY23FY24FY25
HST $1.2BIRM -$931.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Host Hotels & Resorts and Iron Mountain

Which is bigger by revenue, Host Hotels & Resorts or Iron Mountain?

Iron Mountain is bigger by revenue: $6.9B in fiscal 2025, against $6.1B for Host Hotels & Resorts in fiscal 2025.

Which keeps more of its revenue as profit, Host Hotels & Resorts or Iron Mountain?

Host Hotels & Resorts had a net margin of 12.5% in fiscal 2025; Iron Mountain had 2.1% in fiscal 2025.

Which grew revenue faster, Host Hotels & Resorts or Iron Mountain?

In their latest fiscal years revenue changed by +7.6% at Host Hotels & Resorts 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.

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