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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
82.10
$1.40
1.20
$3.46
3.00%

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

Second-quarter revenue rose 18.5% and AFFO per share increased 16.1% year on year. Iron Mountain raised its 2026 revenue, EBITDA and AFFO guidance after the strong results. (Iron Mountain)
Data centre revenue grew 39% in the second quarter, and the company had leased 110 megawatts year to date through July. It expects about 325 megawatts of leasable capacity to energise over the next 24 months, creating room for further growth. (Iron Mountain)
The newer growth businesses are expanding quickly: asset lifecycle management revenue rose 88% and digital revenue grew more than 25% in the second quarter. Their growth helps diversify Iron Mountain beyond its traditional records business. (The Motley Fool)
The expansion requires substantial investment and financing: the company spent about $1.1 billion on capital expenditure in the first half, while long-term debt stood at $17.3 billion at June-end. Cash interest paid also rose to $461 million from $386 million a year earlier, leaving returns exposed to funding costs. (SEC)
Revenue growth has not yet translated into a higher overall margin: second-quarter adjusted EBITDA margin fell 90 basis points year on year to 35.8%. If fast-growing operations remain less profitable as they scale, earnings growth could lag sales growth. (Iron Mountain)
The records business faces a long-term demand headwind as customers move from paper and tape to alternatives that need less physical storage. Iron Mountain says physical storage volume is expected to be relatively stable near term, which limits volume-led growth and leaves the segment relying more on pricing and services. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 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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