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Side-by-side financial comparison of Allstate (ALL) and Iron Mountain (IRM). Click either name above to swap in a different company.

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $922.0M, roughly 2.0× Allstate). Allstate runs the higher net margin — 266.6% vs 5.1%, a 261.5% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs 7.2%). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% CAGR vs -75.8%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

ALL vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
2.0× larger
IRM
$1.8B
$922.0M
ALL
Growing faster (revenue YoY)
IRM
IRM
+9.4% gap
IRM
16.6%
7.2%
ALL
Higher net margin
ALL
ALL
261.5% more per $
ALL
266.6%
5.1%
IRM
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
-75.8%
ALL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALL
ALL
IRM
IRM
Revenue
$922.0M
$1.8B
Net Profit
$2.5B
$93.1M
Gross Margin
Operating Margin
-1400.3%
18.5%
Net Margin
266.6%
5.1%
Revenue YoY
7.2%
16.6%
Net Profit YoY
-11.9%
EPS (diluted)
$9.25
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALL
ALL
IRM
IRM
Q1 26
$922.0M
Q4 25
$17.3B
$1.8B
Q3 25
$17.3B
$1.8B
Q2 25
$16.6B
$1.7B
Q1 25
$16.5B
$1.6B
Q4 24
$16.5B
$1.6B
Q3 24
$16.6B
$1.6B
Q2 24
$15.7B
$1.5B
Net Profit
ALL
ALL
IRM
IRM
Q1 26
$2.5B
Q4 25
$3.8B
$93.1M
Q3 25
$3.7B
$86.2M
Q2 25
$2.1B
$-43.3M
Q1 25
$595.0M
$16.2M
Q4 24
$1.9B
$105.7M
Q3 24
$1.2B
$-33.7M
Q2 24
$331.0M
$34.6M
Operating Margin
ALL
ALL
IRM
IRM
Q1 26
-1400.3%
Q4 25
18.5%
Q3 25
17.6%
Q2 25
15.2%
Q1 25
16.0%
Q4 24
17.9%
Q3 24
16.1%
Q2 24
15.0%
Net Margin
ALL
ALL
IRM
IRM
Q1 26
266.6%
Q4 25
22.1%
5.1%
Q3 25
21.7%
4.9%
Q2 25
12.7%
-2.5%
Q1 25
3.6%
1.0%
Q4 24
11.7%
6.7%
Q3 24
7.2%
-2.2%
Q2 24
2.1%
2.3%
EPS (diluted)
ALL
ALL
IRM
IRM
Q1 26
$9.25
Q4 25
$14.24
$0.31
Q3 25
$13.95
$0.28
Q2 25
$7.76
$-0.15
Q1 25
$2.11
$0.05
Q4 24
$7.07
$0.35
Q3 24
$4.33
$-0.11
Q2 24
$1.13
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALL
ALL
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$158.5M
Total DebtLower is stronger
$16.2B
Stockholders' EquityBook value
$31.6B
$-981.0M
Total Assets
$124.0B
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
IRM
IRM
Q1 26
Q4 25
$4.9B
$158.5M
Q3 25
$8.7B
Q2 25
$9.6B
Q1 25
$6.5B
Q4 24
$4.5B
$155.7M
Q3 24
$7.0B
Q2 24
$5.3B
Total Debt
ALL
ALL
IRM
IRM
Q1 26
Q4 25
$7.5B
$16.2B
Q3 25
$8.1B
$15.5B
Q2 25
$8.1B
$14.8B
Q1 25
$8.1B
$14.2B
Q4 24
$8.1B
$13.0B
Q3 24
$8.1B
$13.2B
Q2 24
$8.1B
$12.8B
Stockholders' Equity
ALL
ALL
IRM
IRM
Q1 26
$31.6B
Q4 25
$30.6B
$-981.0M
Q3 25
$27.5B
$-882.0M
Q2 25
$24.0B
$-767.4M
Q1 25
$22.1B
$-698.5M
Q4 24
$21.4B
$-503.1M
Q3 24
$20.9B
$-259.0M
Q2 24
$18.6B
$-132.9M
Total Assets
ALL
ALL
IRM
IRM
Q1 26
$124.0B
Q4 25
$119.8B
$21.1B
Q3 25
$120.4B
$20.6B
Q2 25
$115.9B
$20.2B
Q1 25
$115.2B
$19.4B
Q4 24
$111.6B
$18.7B
Q3 24
$113.7B
$18.5B
Q2 24
$108.4B
$18.0B
Debt / Equity
ALL
ALL
IRM
IRM
Q1 26
Q4 25
0.24×
Q3 25
0.29×
Q2 25
0.34×
Q1 25
0.37×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALL
ALL
IRM
IRM
Operating Cash FlowLast quarter
$500.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
28.0%
Cash ConversionOCF / Net Profit
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
IRM
IRM
Q1 26
Q4 25
$3.0B
$500.0M
Q3 25
$3.3B
$267.6M
Q2 25
$1.9B
$375.1M
Q1 25
$2.0B
$197.3M
Q4 24
$1.7B
$431.6M
Q3 24
$3.2B
$252.9M
Q2 24
$2.4B
$382.2M
Free Cash Flow
ALL
ALL
IRM
IRM
Q1 26
Q4 25
$2.9B
$-16.2M
Q3 25
$3.2B
$-256.3M
Q2 25
$1.9B
$-181.6M
Q1 25
$1.9B
$-477.5M
Q4 24
$1.7B
$-186.0M
Q3 24
$3.1B
$-143.2M
Q2 24
$2.3B
$-14.6M
FCF Margin
ALL
ALL
IRM
IRM
Q1 26
Q4 25
16.7%
-0.9%
Q3 25
18.8%
-14.6%
Q2 25
11.3%
-10.6%
Q1 25
11.4%
-30.0%
Q4 24
10.0%
-11.8%
Q3 24
18.9%
-9.2%
Q2 24
14.7%
-1.0%
Capex Intensity
ALL
ALL
IRM
IRM
Q1 26
Q4 25
0.5%
28.0%
Q3 25
0.3%
29.9%
Q2 25
0.0%
32.5%
Q1 25
0.6%
42.4%
Q4 24
0.3%
39.1%
Q3 24
0.4%
25.4%
Q2 24
0.4%
25.9%
Cash Conversion
ALL
ALL
IRM
IRM
Q1 26
Q4 25
0.78×
5.37×
Q3 25
0.88×
3.10×
Q2 25
0.89×
Q1 25
3.30×
12.15×
Q4 24
0.88×
4.08×
Q3 24
2.69×
Q2 24
7.13×
11.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALL
ALL

Segment breakdown not available.

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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