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

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $1.5B, roughly 1.2× TUTOR PERINI CORP). Iron Mountain runs the higher net margin — 5.1% vs 1.9%, a 3.1% gap on every dollar of revenue. On growth, TUTOR PERINI CORP posted the faster year-over-year revenue change (41.2% vs 16.6%). TUTOR PERINI CORP produced more free cash flow last quarter ($98.7M vs $-16.2M). Over the past eight quarters, TUTOR PERINI CORP's revenue compounded faster (19.9% CAGR vs 11.7%).

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.

Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2024, it reported annual revenue of approximately $4.33 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infra...

IRM vs TPC — Head-to-Head

Bigger by revenue
IRM
IRM
1.2× larger
IRM
$1.8B
$1.5B
TPC
Growing faster (revenue YoY)
TPC
TPC
+24.6% gap
TPC
41.2%
16.6%
IRM
Higher net margin
IRM
IRM
3.1% more per $
IRM
5.1%
1.9%
TPC
More free cash flow
TPC
TPC
$115.0M more FCF
TPC
$98.7M
$-16.2M
IRM
Faster 2-yr revenue CAGR
TPC
TPC
Annualised
TPC
19.9%
11.7%
IRM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRM
IRM
TPC
TPC
Revenue
$1.8B
$1.5B
Net Profit
$93.1M
$28.8M
Gross Margin
9.8%
Operating Margin
18.5%
3.3%
Net Margin
5.1%
1.9%
Revenue YoY
16.6%
41.2%
Net Profit YoY
-11.9%
136.3%
EPS (diluted)
$0.31
$0.53

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
IRM
IRM
TPC
TPC
Q4 25
$1.8B
$1.5B
Q3 25
$1.8B
$1.4B
Q2 25
$1.7B
$1.4B
Q1 25
$1.6B
$1.2B
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$1.1B
Q2 24
$1.5B
$1.1B
Q1 24
$1.5B
$1.0B
Net Profit
IRM
IRM
TPC
TPC
Q4 25
$93.1M
$28.8M
Q3 25
$86.2M
$3.6M
Q2 25
$-43.3M
$20.0M
Q1 25
$16.2M
$28.0M
Q4 24
$105.7M
$-79.4M
Q3 24
$-33.7M
$-100.9M
Q2 24
$34.6M
$812.0K
Q1 24
$77.0M
$15.8M
Gross Margin
IRM
IRM
TPC
TPC
Q4 25
9.8%
Q3 25
12.0%
Q2 25
14.3%
Q1 25
10.8%
Q4 24
-0.9%
Q3 24
-2.4%
Q2 24
10.4%
Q1 24
11.0%
Operating Margin
IRM
IRM
TPC
TPC
Q4 25
18.5%
3.3%
Q3 25
17.6%
2.8%
Q2 25
15.2%
5.6%
Q1 25
16.0%
5.2%
Q4 24
17.9%
-8.1%
Q3 24
16.1%
-9.9%
Q2 24
15.0%
3.6%
Q1 24
16.6%
4.7%
Net Margin
IRM
IRM
TPC
TPC
Q4 25
5.1%
1.9%
Q3 25
4.9%
0.3%
Q2 25
-2.5%
1.5%
Q1 25
1.0%
2.2%
Q4 24
6.7%
-7.4%
Q3 24
-2.2%
-9.3%
Q2 24
2.3%
0.1%
Q1 24
5.2%
1.5%
EPS (diluted)
IRM
IRM
TPC
TPC
Q4 25
$0.31
$0.53
Q3 25
$0.28
$0.07
Q2 25
$-0.15
$0.38
Q1 25
$0.05
$0.53
Q4 24
$0.35
$-1.53
Q3 24
$-0.11
$-1.92
Q2 24
$0.12
$0.02
Q1 24
$0.25
$0.30

Balance Sheet & Financial Strength

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

Metric
IRM
IRM
TPC
TPC
Cash + ST InvestmentsLiquidity on hand
$158.5M
$734.6M
Total DebtLower is stronger
$16.2B
$407.4M
Stockholders' EquityBook value
$-981.0M
$1.2B
Total Assets
$21.1B
$5.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRM
IRM
TPC
TPC
Q4 25
$158.5M
$734.6M
Q3 25
$695.7M
Q2 25
$526.1M
Q1 25
$276.5M
Q4 24
$155.7M
$455.1M
Q3 24
$287.4M
Q2 24
$267.1M
Q1 24
$358.3M
Total Debt
IRM
IRM
TPC
TPC
Q4 25
$16.2B
$407.4M
Q3 25
$15.5B
$413.1M
Q2 25
$14.8B
$419.4M
Q1 25
$14.2B
$405.6M
Q4 24
$13.0B
$534.1M
Q3 24
$13.2B
$681.4M
Q2 24
$12.8B
$676.4M
Q1 24
$12.6B
$801.2M
Stockholders' Equity
IRM
IRM
TPC
TPC
Q4 25
$-981.0M
$1.2B
Q3 25
$-882.0M
$1.2B
Q2 25
$-767.4M
$1.2B
Q1 25
$-698.5M
$1.2B
Q4 24
$-503.1M
$1.1B
Q3 24
$-259.0M
$1.2B
Q2 24
$-132.9M
$1.3B
Q1 24
$18.5M
$1.3B
Total Assets
IRM
IRM
TPC
TPC
Q4 25
$21.1B
$5.2B
Q3 25
$20.6B
$5.2B
Q2 25
$20.2B
$4.9B
Q1 25
$19.4B
$4.5B
Q4 24
$18.7B
$4.2B
Q3 24
$18.5B
$4.4B
Q2 24
$18.0B
$4.3B
Q1 24
$17.8B
$4.4B
Debt / Equity
IRM
IRM
TPC
TPC
Q4 25
0.33×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.35×
Q4 24
0.47×
Q3 24
0.56×
Q2 24
0.52×
Q1 24
679.18×
0.61×

Cash Flow & Capital Efficiency

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

Metric
IRM
IRM
TPC
TPC
Operating Cash FlowLast quarter
$500.0M
$173.7M
Free Cash FlowOCF − Capex
$-16.2M
$98.7M
FCF MarginFCF / Revenue
-0.9%
6.5%
Capex IntensityCapex / Revenue
28.0%
5.0%
Cash ConversionOCF / Net Profit
5.37×
6.02×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M
$567.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRM
IRM
TPC
TPC
Q4 25
$500.0M
$173.7M
Q3 25
$267.6M
$289.1M
Q2 25
$375.1M
$262.4M
Q1 25
$197.3M
$22.9M
Q4 24
$431.6M
$329.6M
Q3 24
$252.9M
$22.6M
Q2 24
$382.2M
$53.1M
Q1 24
$130.0M
$98.3M
Free Cash Flow
IRM
IRM
TPC
TPC
Q4 25
$-16.2M
$98.7M
Q3 25
$-256.3M
$240.2M
Q2 25
$-181.6M
$235.6M
Q1 25
$-477.5M
$-7.2M
Q4 24
$-186.0M
$320.4M
Q3 24
$-143.2M
$15.6M
Q2 24
$-14.6M
$42.2M
Q1 24
$-251.1M
$87.8M
FCF Margin
IRM
IRM
TPC
TPC
Q4 25
-0.9%
6.5%
Q3 25
-14.6%
17.0%
Q2 25
-10.6%
17.1%
Q1 25
-30.0%
-0.6%
Q4 24
-11.8%
30.0%
Q3 24
-9.2%
1.4%
Q2 24
-1.0%
3.7%
Q1 24
-17.0%
8.4%
Capex Intensity
IRM
IRM
TPC
TPC
Q4 25
28.0%
5.0%
Q3 25
29.9%
3.5%
Q2 25
32.5%
2.0%
Q1 25
42.4%
2.4%
Q4 24
39.1%
0.9%
Q3 24
25.4%
0.6%
Q2 24
25.9%
1.0%
Q1 24
25.8%
1.0%
Cash Conversion
IRM
IRM
TPC
TPC
Q4 25
5.37×
6.02×
Q3 25
3.10×
79.63×
Q2 25
13.14×
Q1 25
12.15×
0.82×
Q4 24
4.08×
Q3 24
Q2 24
11.04×
65.44×
Q1 24
1.69×
6.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

TPC
TPC

State And Local Agencies$591.1M39%
Mass Transit$449.9M30%
Federal Agencies$115.0M8%
Bridges$100.5M7%
Military Facilities$93.1M6%
Commercial And Industrial Facilities$46.7M3%
Detention Facilities$43.8M3%
Power And Energy$35.8M2%
Multi Unit Residential$25.9M2%
Education Facilities$12.0M1%
Water$3.6M0%

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