Iron Mountain Incorporated (IRM) — Capital Reinvestment Ratio
Iron Mountain Incorporated (IRM) has a Capital Reinvestment Ratio of 1.92x as of September 2025, meaning it reinvests 2% of its operating cash flow ($267.58 Million) in capital expenditures ($513.96 Million). Check IRM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Iron Mountain Incorporated Capital Reinvestment Ratio (1996–2024)
This chart tracks Iron Mountain Incorporated's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see IRM cash flow conversion.
Annual Capital Reinvestment Ratio for Iron Mountain Incorporated (1996–2024)
Year-by-year Capital Reinvestment Ratio for Iron Mountain Incorporated from 1996 to 2024. See cash generation quality of Iron Mountain Incorporated to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.55x | $1.20 Billion | $1.85 Billion | ▲ +28.3% |
| 2023 | 1.21x | $1.11 Billion | $1.35 Billion | ▲ +26.8% |
| 2022 | 0.95x | $927.70 Million | $883.58 Million | ▲ +15.8% |
| 2021 | 0.82x | $758.90 Million | $624.38 Million | ▲ +79.3% |
| 2020 | 0.46x | $987.66 Million | $453.25 Million | ▼ -40.7% |
| 2019 | 0.77x | $966.65 Million | $748.46 Million | ▲ +36.0% |
| 2018 | 0.57x | $935.55 Million | $532.54 Million | ▼ -1.9% |
| 2017 | 0.58x | $720.97 Million | $418.32 Million | ▼ -16.8% |
| 2016 | 0.70x | $543.89 Million | $379.37 Million | ▲ +9.4% |
| 2015 | 0.64x | $541.76 Million | $345.36 Million | ▼ -23.9% |
| 2014 | 0.84x | $472.95 Million | $396.37 Million | ▲ +34.0% |
| 2013 | 0.63x | $507.55 Million | $317.49 Million | ▲ +0.4% |
| 2012 | 0.62x | $432.74 Million | $269.56 Million | ▲ +66.1% |
| 2011 | 0.38x | $615.44 Million | $230.86 Million | ▼ -13.8% |
| 2010 | 0.44x | $625.14 Million | $272.05 Million | ▼ -17.0% |
| 2009 | 0.52x | $616.91 Million | $323.52 Million | ▼ -29.8% |
| 2008 | 0.75x | $537.03 Million | $401.25 Million | ▼ -6.3% |
| 2007 | 0.80x | $484.64 Million | $386.44 Million | ▼ -24.7% |
| 2006 | 1.06x | $374.28 Million | $396.22 Million | ▲ +7.0% |
| 2005 | 0.99x | $288.69 Million | $285.56 Million | ▲ +30.2% |
| 2004 | 0.76x | $305.36 Million | $231.97 Million | ▼ -40.2% |
| 2003 | 1.27x | $160.91 Million | $204.48 Million | ▲ +64.5% |
| 2002 | 0.77x | $254.95 Million | $197.00 Million | ▼ -36.9% |
| 2001 | 1.22x | $160.91 Million | $197.04 Million | ▲ +14.4% |
| 2000 | 1.07x | $157.60 Million | $168.71 Million | ▼ -80.9% |
| 1999 | 5.61x | $55.40 Million | $310.90 Million | ▼ -7.0% |
| 1998 | 6.03x | $40.70 Million | $245.60 Million | ▼ -45.0% |
| 1997 | 10.98x | $21.00 Million | $230.50 Million | ▲ +896.8% |
| 1996 | 1.10x | $26.44 Million | $29.11 Million | — |