• Iron Mountain average operating margin for 2024 was 16.28%, a 12% decline from 2023.
• Iron Mountain average operating margin for 2023 was 18.5%, a 5.76% decline from 2022.
• Iron Mountain average operating margin for 2022 was 19.63%, a 15.93% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.