Hi Joel,
To add to what Prashant mentioned to use heapdump analyser, you can use this tool PTT that is supported for WebSphere. I am assuming that you are using WebSphere. This will help you to analyze how JVMS are getting used & heap size, utilization of JVMS, you can generate a complete report.
Hope this helps.
WebSphere Application Server Performance Tuning Toolkit (ibm.com)Regards,
Venkat