Iron Mountain/$IRM

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About Iron Mountain

Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.
Ticker
$IRM
Primary listing
NYSE
Employees
29,400

Iron Mountain Metrics

BasicAdvanced
$34B
81.51
$1.40
1.20
$3.38
3.02%

What the Analysts think about Iron Mountain

Analyst ratings (Buy, Hold, Sell) for Iron Mountain stock.
Analyst projections of the future price of Iron Mountain stock.

Bulls say / Bears say

Iron Mountain delivered strong second-quarter momentum: revenue rose 19%, AFFO per share rose 16%, and management raised its 2026 revenue, EBITDA and AFFO guidance. That gives investors evidence that growth is translating into cash generation now, rather than relying only on distant forecasts. (Iron Mountain)
Data-centre leasing is gaining pace, with 110 megawatts leased by July and another 325 megawatts due to energise over the next 18 to 24 months. Large hyperscale leases typically run for 10 to 15 years, which could create a long runway of contracted, recurring revenue if the build-out stays on schedule. (Stock Analysis)
The business is becoming less dependent on traditional records storage: data centres, digital services and asset lifecycle management grew by more than 50% in the second quarter and now make up 35% of revenue. Meanwhile, Global RIM still grew, giving Iron Mountain a cash-generating base to support its newer, faster-growing businesses. (Iron Mountain)
Iron Mountain remains heavily indebted while funding an expensive data-centre expansion. Its latest filing showed $17.1 billion of long-term debt, a stockholders’ equity deficit and $447 million of net interest expense in the first half, leaving less room for error if growth slows. (Iron Mountain)
The future data-centre capacity is not yet fully contracted, and management says large hyperscale lease signings can be lumpy. Delays in leasing or energising the 325-megawatt pipeline could leave capital tied up before it produces the expected earnings. (Stock Analysis, The Motley Fool)
Growth is putting pressure on profitability: second-quarter adjusted EBITDA margin fell 90 basis points year on year, while first-half cost of sales rose faster than revenue. If construction, facilities and product costs keep climbing, strong sales growth may deliver less incremental cash than investors expect. (Iron Mountain)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

Iron Mountain Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Iron Mountain Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

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