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Side-by-side financial comparison of Capri Holdings Ltd (CPRI) 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 $1.0B, roughly 1.8× Capri Holdings Ltd). Capri Holdings Ltd runs the higher net margin — 11.3% vs 5.1%, a 6.3% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs -18.7%). Capri Holdings Ltd produced more free cash flow last quarter ($183.0M vs $-16.2M). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% CAGR vs -15.2%).

Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.

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.

CPRI vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
1.8× larger
IRM
$1.8B
$1.0B
CPRI
Growing faster (revenue YoY)
IRM
IRM
+35.3% gap
IRM
16.6%
-18.7%
CPRI
Higher net margin
CPRI
CPRI
6.3% more per $
CPRI
11.3%
5.1%
IRM
More free cash flow
CPRI
CPRI
$199.2M more FCF
CPRI
$183.0M
$-16.2M
IRM
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
-15.2%
CPRI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CPRI
CPRI
IRM
IRM
Revenue
$1.0B
$1.8B
Net Profit
$116.0M
$93.1M
Gross Margin
60.8%
Operating Margin
4.5%
18.5%
Net Margin
11.3%
5.1%
Revenue YoY
-18.7%
16.6%
Net Profit YoY
121.2%
-11.9%
EPS (diluted)
$0.96
$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
CPRI
CPRI
IRM
IRM
Q4 25
$1.0B
$1.8B
Q3 25
$856.0M
$1.8B
Q2 25
$797.0M
$1.7B
Q1 25
$1.6B
$1.6B
Q4 24
$1.1B
$1.6B
Q3 24
$878.0M
$1.6B
Q2 24
$848.0M
$1.5B
Q1 24
$1.5B
Net Profit
CPRI
CPRI
IRM
IRM
Q4 25
$116.0M
$93.1M
Q3 25
$-28.0M
$86.2M
Q2 25
$53.0M
$-43.3M
Q1 25
$-645.0M
$16.2M
Q4 24
$-547.0M
$105.7M
Q3 24
$24.0M
$-33.7M
Q2 24
$-14.0M
$34.6M
Q1 24
$77.0M
Gross Margin
CPRI
CPRI
IRM
IRM
Q4 25
60.8%
Q3 25
61.0%
Q2 25
63.0%
Q1 25
64.9%
Q4 24
63.1%
Q3 24
62.3%
Q2 24
63.1%
Q1 24
Operating Margin
CPRI
CPRI
IRM
IRM
Q4 25
4.5%
18.5%
Q3 25
-1.4%
17.6%
Q2 25
2.0%
15.2%
Q1 25
-47.5%
16.0%
Q4 24
2.4%
17.9%
Q3 24
-0.7%
16.1%
Q2 24
1.3%
15.0%
Q1 24
16.6%
Net Margin
CPRI
CPRI
IRM
IRM
Q4 25
11.3%
5.1%
Q3 25
-3.3%
4.9%
Q2 25
6.6%
-2.5%
Q1 25
-39.1%
1.0%
Q4 24
-51.2%
6.7%
Q3 24
2.7%
-2.2%
Q2 24
-1.7%
2.3%
Q1 24
5.2%
EPS (diluted)
CPRI
CPRI
IRM
IRM
Q4 25
$0.96
$0.31
Q3 25
$-0.22
$0.28
Q2 25
$0.44
$-0.15
Q1 25
$-5.47
$0.05
Q4 24
$-4.61
$0.35
Q3 24
$0.20
$-0.11
Q2 24
$-0.12
$0.12
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
CPRI
CPRI
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$154.0M
$158.5M
Total DebtLower is stronger
$234.0M
$16.2B
Stockholders' EquityBook value
$105.0M
$-981.0M
Total Assets
$3.3B
$21.1B
Debt / EquityLower = less leverage
2.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPRI
CPRI
IRM
IRM
Q4 25
$154.0M
$158.5M
Q3 25
$120.0M
Q2 25
$129.0M
Q1 25
$107.0M
Q4 24
$356.0M
$155.7M
Q3 24
$182.0M
Q2 24
$213.0M
Q1 24
Total Debt
CPRI
CPRI
IRM
IRM
Q4 25
$234.0M
$16.2B
Q3 25
$1.8B
$15.5B
Q2 25
$1.7B
$14.8B
Q1 25
$1.5B
$14.2B
Q4 24
$1.5B
$13.0B
Q3 24
$1.7B
$13.2B
Q2 24
$1.7B
$12.8B
Q1 24
$12.6B
Stockholders' Equity
CPRI
CPRI
IRM
IRM
Q4 25
$105.0M
$-981.0M
Q3 25
$-74.0M
$-882.0M
Q2 25
$-17.0M
$-767.4M
Q1 25
$368.0M
$-698.5M
Q4 24
$1.1B
$-503.1M
Q3 24
$1.5B
$-259.0M
Q2 24
$1.6B
$-132.9M
Q1 24
$18.5M
Total Assets
CPRI
CPRI
IRM
IRM
Q4 25
$3.3B
$21.1B
Q3 25
$5.6B
$20.6B
Q2 25
$5.5B
$20.2B
Q1 25
$5.2B
$19.4B
Q4 24
$5.9B
$18.7B
Q3 24
$6.8B
$18.5B
Q2 24
$6.6B
$18.0B
Q1 24
$17.8B
Debt / Equity
CPRI
CPRI
IRM
IRM
Q4 25
2.23×
Q3 25
Q2 25
Q1 25
4.05×
Q4 24
1.38×
Q3 24
1.15×
Q2 24
1.08×
Q1 24
679.18×

Cash Flow & Capital Efficiency

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

Metric
CPRI
CPRI
IRM
IRM
Operating Cash FlowLast quarter
$202.0M
$500.0M
Free Cash FlowOCF − Capex
$183.0M
$-16.2M
FCF MarginFCF / Revenue
17.9%
-0.9%
Capex IntensityCapex / Revenue
1.9%
28.0%
Cash ConversionOCF / Net Profit
1.74×
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-134.0M
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPRI
CPRI
IRM
IRM
Q4 25
$202.0M
$500.0M
Q3 25
$-52.0M
$267.6M
Q2 25
$-8.0M
$375.1M
Q1 25
$-161.0M
$197.3M
Q4 24
$309.0M
$431.6M
Q3 24
$50.0M
$252.9M
Q2 24
$83.0M
$382.2M
Q1 24
$130.0M
Free Cash Flow
CPRI
CPRI
IRM
IRM
Q4 25
$183.0M
$-16.2M
Q3 25
$-65.0M
$-256.3M
Q2 25
$-21.0M
$-181.6M
Q1 25
$-231.0M
$-477.5M
Q4 24
$287.0M
$-186.0M
Q3 24
$30.0M
$-143.2M
Q2 24
$67.0M
$-14.6M
Q1 24
$-251.1M
FCF Margin
CPRI
CPRI
IRM
IRM
Q4 25
17.9%
-0.9%
Q3 25
-7.6%
-14.6%
Q2 25
-2.6%
-10.6%
Q1 25
-14.0%
-30.0%
Q4 24
26.9%
-11.8%
Q3 24
3.4%
-9.2%
Q2 24
7.9%
-1.0%
Q1 24
-17.0%
Capex Intensity
CPRI
CPRI
IRM
IRM
Q4 25
1.9%
28.0%
Q3 25
1.5%
29.9%
Q2 25
1.6%
32.5%
Q1 25
4.2%
42.4%
Q4 24
2.1%
39.1%
Q3 24
2.3%
25.4%
Q2 24
1.9%
25.9%
Q1 24
25.8%
Cash Conversion
CPRI
CPRI
IRM
IRM
Q4 25
1.74×
5.37×
Q3 25
3.10×
Q2 25
-0.15×
Q1 25
12.15×
Q4 24
4.08×
Q3 24
2.08×
Q2 24
11.04×
Q1 24
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPRI
CPRI

Michael Kors Segment$593.0M58%
Other$379.0M37%
Jimmy Choo Segment$53.0M5%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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