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

Cincinnati Financial is the larger business by last-quarter revenue ($2.8B vs $1.8B, roughly 1.5× Iron Mountain). Cincinnati Financial runs the higher net margin — 9.6% vs 5.1%, a 4.5% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs -1.7%). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% CAGR vs 5.2%).

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.

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.

CINF vs IRM — Head-to-Head

Bigger by revenue
CINF
CINF
1.5× larger
CINF
$2.8B
$1.8B
IRM
Growing faster (revenue YoY)
IRM
IRM
+18.3% gap
IRM
16.6%
-1.7%
CINF
Higher net margin
CINF
CINF
4.5% more per $
CINF
9.6%
5.1%
IRM
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
5.2%
CINF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CINF
CINF
IRM
IRM
Revenue
$2.8B
$1.8B
Net Profit
$274.0M
$93.1M
Gross Margin
Operating Margin
18.5%
Net Margin
9.6%
5.1%
Revenue YoY
-1.7%
16.6%
Net Profit YoY
404.4%
-11.9%
EPS (diluted)
$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
CINF
CINF
IRM
IRM
Q1 26
$2.8B
Q4 25
$3.1B
$1.8B
Q3 25
$3.7B
$1.8B
Q2 25
$3.2B
$1.7B
Q1 25
$2.6B
$1.6B
Q4 24
$2.5B
$1.6B
Q3 24
$3.3B
$1.6B
Q2 24
$2.5B
$1.5B
Net Profit
CINF
CINF
IRM
IRM
Q1 26
$274.0M
Q4 25
$676.0M
$93.1M
Q3 25
$1.1B
$86.2M
Q2 25
$685.0M
$-43.3M
Q1 25
$-90.0M
$16.2M
Q4 24
$405.0M
$105.7M
Q3 24
$820.0M
$-33.7M
Q2 24
$312.0M
$34.6M
Operating Margin
CINF
CINF
IRM
IRM
Q1 26
Q4 25
27.2%
18.5%
Q3 25
37.9%
17.6%
Q2 25
26.3%
15.2%
Q1 25
-5.0%
16.0%
Q4 24
18.9%
17.9%
Q3 24
31.3%
16.1%
Q2 24
15.2%
15.0%
Net Margin
CINF
CINF
IRM
IRM
Q1 26
9.6%
Q4 25
21.9%
5.1%
Q3 25
30.1%
4.9%
Q2 25
21.1%
-2.5%
Q1 25
-3.5%
1.0%
Q4 24
16.0%
6.7%
Q3 24
24.7%
-2.2%
Q2 24
12.3%
2.3%
EPS (diluted)
CINF
CINF
IRM
IRM
Q1 26
Q4 25
$4.29
$0.31
Q3 25
$7.11
$0.28
Q2 25
$4.34
$-0.15
Q1 25
$-0.57
$0.05
Q4 24
$2.57
$0.35
Q3 24
$5.20
$-0.11
Q2 24
$1.98
$0.12

Balance Sheet & Financial Strength

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

Metric
CINF
CINF
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$1.2B
$158.5M
Total DebtLower is stronger
$816.0M
$16.2B
Stockholders' EquityBook value
$15.7B
$-981.0M
Total Assets
$41.2B
$21.1B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CINF
CINF
IRM
IRM
Q1 26
$1.2B
Q4 25
$148.0M
$158.5M
Q3 25
$1.6B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.3B
$155.7M
Q3 24
$1.8B
Q2 24
$771.0M
Total Debt
CINF
CINF
IRM
IRM
Q1 26
$816.0M
Q4 25
$861.0M
$16.2B
Q3 25
$858.0M
$15.5B
Q2 25
$859.0M
$14.8B
Q1 25
$853.0M
$14.2B
Q4 24
$850.0M
$13.0B
Q3 24
$849.0M
$13.2B
Q2 24
$849.0M
$12.8B
Stockholders' Equity
CINF
CINF
IRM
IRM
Q1 26
$15.7B
Q4 25
$15.9B
$-981.0M
Q3 25
$15.4B
$-882.0M
Q2 25
$14.3B
$-767.4M
Q1 25
$13.7B
$-698.5M
Q4 24
$13.9B
$-503.1M
Q3 24
$13.8B
$-259.0M
Q2 24
$12.8B
$-132.9M
Total Assets
CINF
CINF
IRM
IRM
Q1 26
$41.2B
Q4 25
$41.0B
$21.1B
Q3 25
$40.6B
$20.6B
Q2 25
$38.8B
$20.2B
Q1 25
$37.3B
$19.4B
Q4 24
$36.5B
$18.7B
Q3 24
$37.0B
$18.5B
Q2 24
$34.8B
$18.0B
Debt / Equity
CINF
CINF
IRM
IRM
Q1 26
0.05×
Q4 25
0.05×
Q3 25
0.06×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.06×
Q3 24
0.06×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
CINF
CINF
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
CINF
CINF
IRM
IRM
Q1 26
Q4 25
$947.0M
$500.0M
Q3 25
$1.1B
$267.6M
Q2 25
$741.0M
$375.1M
Q1 25
$310.0M
$197.3M
Q4 24
$642.0M
$431.6M
Q3 24
$912.0M
$252.9M
Q2 24
$742.0M
$382.2M
Free Cash Flow
CINF
CINF
IRM
IRM
Q1 26
Q4 25
$939.0M
$-16.2M
Q3 25
$1.1B
$-256.3M
Q2 25
$737.0M
$-181.6M
Q1 25
$307.0M
$-477.5M
Q4 24
$638.0M
$-186.0M
Q3 24
$906.0M
$-143.2M
Q2 24
$737.0M
$-14.6M
FCF Margin
CINF
CINF
IRM
IRM
Q1 26
Q4 25
30.4%
-0.9%
Q3 25
29.8%
-14.6%
Q2 25
22.7%
-10.6%
Q1 25
12.0%
-30.0%
Q4 24
25.1%
-11.8%
Q3 24
27.3%
-9.2%
Q2 24
29.0%
-1.0%
Capex Intensity
CINF
CINF
IRM
IRM
Q1 26
Q4 25
0.3%
28.0%
Q3 25
0.1%
29.9%
Q2 25
0.1%
32.5%
Q1 25
0.1%
42.4%
Q4 24
0.2%
39.1%
Q3 24
0.2%
25.4%
Q2 24
0.2%
25.9%
Cash Conversion
CINF
CINF
IRM
IRM
Q1 26
Q4 25
1.40×
5.37×
Q3 25
0.99×
3.10×
Q2 25
1.08×
Q1 25
12.15×
Q4 24
1.59×
4.08×
Q3 24
1.11×
Q2 24
2.38×
11.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CINF
CINF

Property casualty$2.6B93%
Life$105.0M4%
Other$92.0M3%
Fee revenues$1.0M0%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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