Iron Mountain Incorporated (IRM) — Cash Flow Reinvestment Rate

Latest as of September 2025: 4.23x

Iron Mountain Incorporated (IRM) has a Cash Flow Reinvestment Rate of 4.23x as of September 2025, reinvesting $1.13 Billion (capex $513.96 Million plus investments $-617.45 Million) from operating cash flow of $267.58 Million. See Iron Mountain Incorporated (IRM) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

4.23x
(Capex + Investments) / Operating CF

Total Reinvested

$1.13 Billion
Capex + Investments

Operating Cash Flow

$267.58 Million
USD

Capital Expenditures

$513.96 Million
USD

Iron Mountain Incorporated Cash Flow Reinvestment Rate (1996–2024)

Historical reinvestment intensity for Iron Mountain Incorporated across 29 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Iron Mountain Incorporated.

Annual Cash Flow Reinvestment Rate for Iron Mountain Incorporated (1996–2024)

Year-by-year capital reinvestment analysis for Iron Mountain Incorporated. See how financially flexible is Iron Mountain Incorporated to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2024 3.33x $3.99 Billion $1.20 Billion $1.85 Billion ▲ +35.7%
2023 2.46x $2.74 Billion $1.11 Billion $1.35 Billion ▲ +138.3%
2022 1.03x $956.82 Million $927.70 Million $883.58 Million ▲ +11.3%
2021 0.93x $703.00 Million $758.90 Million $624.38 Million ▲ +94.0%
2020 0.48x $471.50 Million $987.66 Million $453.25 Million ▼ -39.9%
2019 0.79x $767.68 Million $966.65 Million $748.46 Million ▼ -73.0%
2018 2.94x $2.75 Billion $935.55 Million $532.54 Million ▲ +108.6%
2017 1.41x $1.02 Billion $720.97 Million $418.32 Million ▲ +92.6%
2016 0.73x $398.57 Million $543.89 Million $379.37 Million ▲ +7.9%
2015 0.68x $367.86 Million $541.76 Million $345.36 Million ▼ -19.0%
2014 0.84x $396.37 Million $472.95 Million $396.37 Million ▲ +34.0%
2013 0.63x $317.49 Million $507.55 Million $317.49 Million ▼ -0.4%
2012 0.63x $271.88 Million $432.74 Million $269.56 Million ▲ +67.3%
2011 0.38x $231.19 Million $615.44 Million $230.86 Million ▼ -13.7%
2010 0.44x $272.05 Million $625.14 Million $272.05 Million ▼ -17.0%
2009 0.52x $323.52 Million $616.91 Million $323.52 Million ▼ -29.8%
2008 0.75x $401.25 Million $537.03 Million $401.25 Million ▼ -6.3%
2007 0.80x $386.44 Million $484.64 Million $386.44 Million ▼ -24.7%
2006 1.06x $396.22 Million $374.28 Million $396.22 Million ▲ +7.0%
2005 0.99x $285.56 Million $288.69 Million $285.56 Million ▲ +30.2%
2004 0.76x $231.97 Million $305.36 Million $231.97 Million ▼ -40.2%
2003 1.27x $204.48 Million $160.91 Million $204.48 Million ▲ +64.5%
2002 0.77x $197.00 Million $254.95 Million $197.00 Million ▼ -36.9%
2001 1.22x $197.04 Million $160.91 Million $197.04 Million ▲ +14.4%
2000 1.07x $168.71 Million $157.60 Million $168.71 Million ▼ -80.9%
1999 5.61x $310.90 Million $55.40 Million $310.90 Million ▼ -7.0%
1998 6.03x $245.60 Million $40.70 Million $245.60 Million ▼ -45.0%
1997 10.98x $230.50 Million $21.00 Million $230.50 Million ▲ +896.8%
1996 1.10x $29.11 Million $26.44 Million $29.11 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow