Invesaro

Stocks Comparison

Iron Mountain vs Simon Property: revenue, profit, margins and growth compared

Iron Mountain brought in $6.9B of revenue in fiscal 2025, Simon Property $6.4B in fiscal 2025. Revenue changed by +12.2% at Iron Mountain and +6.7% at Simon Property on the year before, so Iron Mountain grew faster. Iron Mountain kept 2.1% of its revenue as net profit, Simon Property 72.7%. Free cash flow was -$931.6M at Iron Mountain and $3.2B at Simon Property.

Side by side, latest fiscal year

IRMSPG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.9B$6.4B
Revenue growth+12.2%+6.7%
Net income$144.6M$4.6B
Net margin2.1%72.7%
Free cash flow-$931.6M$3.2B
Free cash flow margin-13.5%50.3%
Earnings per share (diluted)$0.49$14.17
Cash$158.5M$823.1M
Debt$16.4B$28.4B
Price to earnings227.314.4
Market value$33.2B$66.3B
Dividend yield2.89%4.17%
Rank by revenue in sector#5 of 162 · Real estate#6 of 162 · Real estate

Over the years

Revenue
IRM FY2018: $4.2BIRM FY2019: $4.3BIRM FY2020: $4.1BIRM FY2021: $4.5BIRM FY2022: $5.1BIRM FY2023: $5.5BIRM FY2024: $6.1BIRM FY2025: $6.9BSPG FY2018: $5.6BSPG FY2019: $5.8BSPG FY2020: $4.6BSPG FY2021: $5.1BSPG FY2022: $5.3BSPG FY2023: $5.7BSPG FY2024: $6BSPG FY2025: $6.4BFY18FY19FY20FY21FY22FY23FY24FY25
IRM $6.9BSPG $6.4B
Net income
IRM FY2018: $353.9MIRM FY2019: $267.4MIRM FY2020: $342.7MIRM FY2021: $450.2MIRM FY2022: $557MIRM FY2023: $184.2MIRM FY2024: $180.2MIRM FY2025: $144.6MSPG FY2018: $2.4BSPG FY2019: $2.1BSPG FY2020: $1.1BSPG FY2021: $2.2BSPG FY2022: $2.1BSPG FY2023: $2.3BSPG FY2024: $2.4BSPG FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25
IRM $144.6MSPG $4.6B
Net margin
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%SPG FY2018: 43.2%SPG FY2019: 36.5%SPG FY2020: 24.1%SPG FY2021: 43.9%SPG FY2022: 40.4%SPG FY2023: 40.3%SPG FY2024: 39.7%SPG FY2025: 72.7%FY18FY19FY20FY21FY22FY23FY24FY25
IRM 2.1%SPG 72.7%
Revenue growth
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%SPG FY2019: +1.9%SPG FY2020: -19.9%SPG FY2021: +11.1%SPG FY2022: +3.4%SPG FY2023: +6.9%SPG FY2024: +5.4%SPG FY2025: +6.7%FY19FY20FY21FY22FY23FY24FY25
IRM +12.2%SPG +6.7%
Free cash flow
IRM FY2018: $475.5MIRM FY2019: $273.7MIRM FY2020: $549.4MIRM FY2021: $147.8MIRM FY2022: $52.3MIRM FY2023: -$225.7MIRM FY2024: -$594.9MIRM FY2025: -$931.6MSPG FY2018: $3BSPG FY2019: $2.9BSPG FY2020: $1.8BSPG FY2021: $3.1BSPG FY2022: $3.1BSPG FY2023: $3.1BSPG FY2024: $3.1BSPG FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
IRM -$931.6MSPG $3.2B

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

Questions about Iron Mountain and Simon Property

Which is bigger by revenue, Iron Mountain or Simon Property?

Iron Mountain is bigger by revenue: $6.9B in fiscal 2025, against $6.4B for Simon Property in fiscal 2025.

Which keeps more of its revenue as profit, Iron Mountain or Simon Property?

Iron Mountain had a net margin of 2.1% in fiscal 2025; Simon Property had 72.7% in fiscal 2025.

Which grew revenue faster, Iron Mountain or Simon Property?

In their latest fiscal years revenue changed by +12.2% at Iron Mountain and +6.7% at Simon Property.

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.

More comparisons

Compare more companies