• Iron Mountain average return on tangible equity for 2024 was -2.8, a 54.4% decline from 2023.
• Iron Mountain average return on tangible equity for 2023 was -6.14, a 29.02% decline from 2022.
• Iron Mountain average return on tangible equity for 2022 was -8.65, a 18.47% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.