8-K Announcements
6Apr 30, 2026·SEC
Mar 9, 2026·SEC
Feb 12, 2026·SEC
Iron Mountain Incorporated (IRM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Iron Mountain Incorporated (IRM) stock price & volume — 10-year historical chart
Iron Mountain Incorporated (IRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Iron Mountain Incorporated (IRM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.60vs $0.50+19.8% | $1.9Bvs $1.9B+4.0% |
| Q1 2026 | Feb 12, 2026 | $1.44vs $0.59+144.9% | $1.8Bvs $1.8B+2.0% |
| Q4 2025 | Nov 5, 2025 | $1.32vs $1.29+2.3% | $1.8Bvs $1.8B-2.7% |
| Q3 2025 | Aug 6, 2025 | $1.24vs $1.19+4.2% | $1.7Bvs $1.8B-2.7% |
Iron Mountain Incorporated (IRM) competitors in Specialty Storage and Alternative Lending — business model, growth, and fundamentals comparison
Iron Mountain Incorporated (IRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Iron Mountain Incorporated (IRM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.85B | 4.23B | 4.26B | 4.15B | 4.49B | 5.1B | 5.48B | 6.15B | 6.9B | 7.25B |
| Revenue Growth % | 9.52% | 9.89% | 0.87% | -2.71% | 8.3% | 13.63% | 7.38% | 12.22% | 12.22% | 15.64% |
| Property Operating Expenses | 1.69B | 1.8B | 1.83B | 1.76B | 1.89B | 2.19B | 2.36B | 2.7B | 5.13B | 3.26B |
| Net Operating Income (NOI) | 2.16B▲ 0% | 2.42B▲ 12.2% | 2.43B▲ 0.2% | 2.39B▼ 1.6% | 2.6B▲ 9.0% | 2.91B▲ 11.9% | 3.12B▲ 7.1% | 3.45B▲ 10.6% | 1.77B▼ 48.6% | 3.99B▲ 0% |
| NOI Margin % | 56.18% | 57.37% | 56.99% | 57.63% | 57.98% | 57.11% | 56.98% | 56.15% | 25.69% | 55.02% |
| Operating Expenses | 1.55B | 1.62B | 1.65B | 1.46B | 1.75B | 1.86B | 2.2B | 2.44B | 367.87M | 2.68B |
| G&A Expenses | 905.73M | 977.31M | 991.66M | 913.17M | 1.02B | 1.14B | 1.24B | 1.34B | 1.39B | 1.44B |
| EBITDA | 1.16B | 1.46B | 1.46B | 1.6B | 1.55B | 1.8B | 1.71B | 1.94B | 2.43B | 2.33B |
| EBITDA Margin % | 30.07% | 34.63% | 34.16% | 38.68% | 34.53% | 35.18% | 31.29% | 31.48% | 35.21% | 32.18% |
| Depreciation & Amortization | 522.38M | 655.19M | 674.94M | 669.45M | 696.97M | 745.64M | 793.02M | 926.49M | 1.02B | 1.03B |
| D&A / Revenue % | 13.58% | 15.5% | 15.83% | 16.14% | 15.52% | 14.61% | 14.47% | 15.07% | 14.84% | 14.17% |
| Operating Income | 634.05M▲ 0% | 808.27M▲ 27.5% | 781.34M▼ 3.3% | 934.78M▲ 19.6% | 854.17M▼ 8.6% | 1.05B▲ 22.9% | 921.78M▼ 12.2% | 1.01B▲ 9.5% | 1.41B▲ 39.2% | 1.3B▲ 0% |
| Operating Margin % | 16.49% | 19.13% | 18.33% | 22.54% | 19.02% | 20.57% | 16.82% | 16.42% | 20.36% | 18.01% |
| Interest Expense | 361.23M | 415.84M | 425.86M | 426.85M | 425.3M | 496.29M | 598.4M | 736.23M | 829.34M | 4M |
| Interest Coverage | 1.56x | 1.99x | 1.77x | 1.87x | 2.48x | 2.27x | 1.38x | 1.33x | 1.28x | - |
| Non-Operating Income | 71.77M | -18.25M | 27.34M | 135.23M | -200.15M | -78.06M | 96.17M | 28.75M | 346.27M | 9.8M |
| Pretax Income | 216.1M▲ 0% | 357.91M▲ 65.6% | 328.14M▼ 8.3% | 372.7M▲ 13.6% | 629.01M▲ 68.8% | 631.64M▲ 0.4% | 227.21M▼ 64.0% | 244.54M▲ 7.6% | 211.19M▼ 13.6% | 356.24M▲ 0% |
| Pretax Margin % | 5.62% | 8.47% | 7.7% | 8.99% | 14% | 12.38% | 4.15% | 3.98% | 3.06% | 4.92% |
| Income Tax | 25.95M | 36.26M | 59.93M | 29.61M | 176.29M | 69.49M | 39.94M | 60.87M | 58.93M | 71.22M |
| Effective Tax Rate % | 12.01% | 10.13% | 18.26% | 7.94% | 28.03% | 11% | 17.58% | 24.89% | 27.91% | 19.99% |
| Net Income | 183.82M▲ 0% | 363.35M▲ 97.7% | 267.38M▼ 26.4% | 342.69M▲ 28.2% | 450.22M▲ 31.4% | 556.98M▲ 23.7% | 184.23M▼ 66.9% | 180.16M▼ 2.2% | 144.59M▼ 19.7% | 272.3M▲ 0% |
| Net Margin % | 4.78% | 8.6% | 6.27% | 8.26% | 10.02% | 10.91% | 3.36% | 2.93% | 2.09% | 3.76% |
| Net Income Growth % | 75.36% | 97.67% | -26.41% | 28.17% | 31.38% | 23.71% | -66.92% | -2.21% | -19.74% | 123.11% |
| Funds From Operations (FFO) | 706.2M▲ 0% | 1.02B▲ 44.2% | 942.32M▼ 7.5% | 1.01B▲ 7.4% | 1.15B▲ 13.3% | 1.3B▲ 13.5% | 977.25M▼ 25.0% | 1.11B▲ 13.2% | 1.17B▲ 5.6% | 1.3B▲ 0% |
| FFO Margin % | 18.36% | 24.1% | 22.11% | 24.4% | 25.54% | 25.52% | 17.83% | 17.99% | 16.94% | 17.93% |
| FFO Growth % | 26.75% | 44.23% | -7.48% | 7.41% | 13.34% | 13.55% | -24.98% | 13.24% | 5.64% | 96.7% |
| FFO per Share | 2.65 | 3.55 | 3.28 | 3.51 | 3.94 | 4.45 | 3.32 | 3.74 | 3.93 | 4.35 |
| FFO Payout Ratio % | 62.31% | 66.14% | 74.77% | 70.77% | 62.62% | 55.61% | 75.48% | 71.34% | 78.65% | 53.57% |
| EPS (Diluted) | 0.64▲ 0% | 1.27▲ 98.4% | 0.93▼ 26.8% | 1.19▲ 28.0% | 1.55▲ 30.3% | 1.90▲ 22.6% | 0.63▼ 66.8% | 0.61▼ 3.2% | 0.49▼ 19.7% | 0.91▲ 0% |
| EPS Growth % | 52.38% | 98.44% | -26.77% | 27.96% | 30.25% | 22.58% | -66.84% | -3.17% | -19.67% | 119.7% |
| EPS (Basic) | 0.64 | 1.27 | 0.93 | 1.19 | 1.56 | 1.92 | 0.63 | 0.61 | 0.49 | - |
| Diluted Shares Outstanding | 266.85M | 286.65M | 287.69M | 288.64M | 290.98M | 292.44M | 293.96M | 296.23M | 297.82M | 298.83M |
Iron Mountain Incorporated (IRM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 10.97B | 11.85B | 13.82B | 14.15B | 14.45B | 16.14B | 17.47B | 18.72B | 21.13B | 21.49B |
| Asset Growth % | 15.66% | 8.02% | 16.58% | 2.41% | 2.13% | 11.7% | 8.26% | 7.12% | 12.86% | 47.85% |
| Real Estate & Other Assets | 133.59M | 206.48M | 209.95M | 295.95M | 381.62M | 588.34M | 429.65M | 484.78M | 623.11M | -4.38B |
| PP&E (Net) | 3.42B | 4.49B | 6.49B | 6.7B | 6.98B | 7.7B | 9.01B | 10.12B | 12.01B | 17.31B |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
| Total Current Assets | 1.95B | 1.21B | 1.24B | 1.27B | 1.44B | 1.55B | 1.74B | 1.69B | 1.93B | 2.04B |
| Cash & Equivalents | 925.7M | 165.49M | 193.56M | 205.06M | 255.83M | 141.8M | 222.79M | 155.72M | 158.53M | 250.71M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 230.43M | 252.93M | 244.13M | 332.78M | 367.74M |
| Intangible Assets | 1.41B | 1.51B | 1.39B | 1.33B | 1.18B | 1.42B | 1.28B | 1.27B | 1.27B | 1.23B |
| Total Liabilities | 8.67B | 9.99B | 12.35B | 13.01B | 13.52B | 15.41B | 17.08B | 18.94B | 21.77B | 22.43B |
| Total Debt | 7.04B | 8.14B | 10.62B | 11B | 11.7B | 13.29B | 14.79B | 16.37B | 19.05B | 3.77B |
| Net Debt | 6.12B | 7.98B | 10.42B | 10.79B | 11.45B | 13.15B | 14.56B | 16.21B | 18.89B | 3.52B |
| Long-Term Debt | 6.9B | 8.02B | 8.28B | 8.51B | 8.96B | 10.48B | 11.81B | 13B | 16.22B | 2.28B |
| Short-Term Borrowings | 146.3M | 126.41M | 389.01M | 193.76M | 309.43M | 87.55M | 120.67M | 715.11M | 216.07M | 1.49B |
| Capital Lease Obligations | 0 | 712.84M | 1.95B | 2.29B | 2.43B | 2.72B | 2.85B | 2.65B | 2.62B | 7.16B |
| Total Current Liabilities | 1.33B | 1.46B | 1.95B | 2B | 2.02B | 1.92B | 2.24B | 3.09B | 2.62B | 2.66B |
| Accounts Payable | 289.14M | 318.76M | 324.71M | 359.86M | 369.14M | 469.2M | 539.59M | 678.72M | 710.66M | 782.55M |
| Deferred Revenue | 241.59M | 264.82M | 274.04M | 295.79M | 307.47M | 328.91M | 325.67M | 326.88M | 402.09M | 386.45M |
| Other Liabilities | 290.69M | 303.73M | 210.7M | 264.31M | 144.05M | 317.38M | 237.59M | 312.2M | 450.08M | 17.31B |
| Total Equity | 2.3B▲ 0% | 1.86B▼ 19.0% | 1.46B▼ 21.4% | 1.14B▼ 22.4% | 929.48M▼ 18.2% | 731.95M▼ 21.3% | 389.72M▼ 46.8% | -226.5M▼ 158.1% | -644.91M▼ 184.7% | -938.39M▲ 0% |
| Equity Growth % | 18.7% | -18.98% | -21.38% | -22.37% | -18.23% | -21.25% | -46.76% | -158.12% | -184.72% | -3157.23% |
| Shareholders Equity | 2.3B | 1.86B | 1.46B | 1.14B | 855.95M | 636.67M | 211.65M | -503.12M | -981.01M | -1.22B |
| Minority Interest | 1.4M | 1.41M | 265K | 0 | 73.53M | 95.28M | 178.07M | 276.62M | 336.1M | 63.75M |
| Common Stock | 2.83M | 2.86M | 2.87M | 2.88M | 2.9M | 2.91M | 2.92M | 2.94M | 2.96M | 2.98M |
| Additional Paid-in Capital | 4.16B | 4.26B | 4.3B | 4.34B | 4.41B | 4.47B | 4.53B | 4.65B | 4.79B | 0 |
| Retained Earnings | -1.77B | -2.14B | -2.57B | -2.95B | -3.22B | -3.39B | -3.95B | -4.58B | -5.41B | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.8% | 3.18% | 2.08% | 2.45% | 3.15% | 3.64% | 1.1% | 1% | 0.73% | 1.31% |
| Return on Equity (ROE) | 8.68% | 17.46% | 16.07% | 26.35% | 43.58% | 67.05% | 32.85% | 220.76% | - | -40.6% |
| Debt / Assets | 64.19% | 68.7% | 76.84% | 77.73% | 80.99% | 82.32% | 84.63% | 87.46% | 90.18% | 17.55% |
| Debt / Equity | 3.06x | 4.37x | 7.25x | 9.68x | 12.59x | 18.15x | 37.94x | - | - | -4.02x |
| Net Debt / EBITDA | 5.29x | 5.45x | 7.16x | 6.73x | 7.38x | 7.32x | 8.49x | 8.37x | 7.78x | 7.78x |
| Book Value per Share | 8.61 | 6.50 | 5.09 | 3.94 | 3.19 | 2.50 | 1.33 | -0.76 | -2.17 | -3.14 |
Iron Mountain Incorporated (IRM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 720.97M | 935.55M | 966.65M | 987.66M | 758.9M | 927.7M | 1.11B | 1.2B | 1.34B | 1.34B |
| Operating CF Growth % | 32.56% | 29.76% | 3.32% | 2.17% | -23.16% | 22.24% | 20.04% | 7.47% | 11.97% | 91.4% |
| Operating CF / Revenue % | 18.75% | 22.14% | 22.68% | 23.81% | 16.9% | 18.18% | 20.32% | 19.46% | 19.42% | 18.49% |
| Net Income | 185.43M | 364.55M | 268.31M | 343.1M | 452.73M | 562.15M | 187.26M | 183.67M | 152.25M | 272.3M |
| Depreciation & Amortization | 522.38M | 639.51M | 658.2M | 669.45M | 696.97M | 745.64M | 793.02M | 926.49M | 1.06B | 770.45M |
| Stock-Based Compensation | 30.02M | 31.17M | 35.65M | 37.67M | 61M | 56.86M | 73.8M | 118.14M | 140.28M | 142.44M |
| Other Non-Cash Items | 121.46M | -38.66M | -3.65M | -183.92M | -348.83M | -128.6M | 135.34M | 82.23M | 92.34M | 123.26M |
| Working Capital Changes | -101.95M | -50.29M | 8.76M | 134.35M | -131.67M | -252.44M | -40.59M | -72.4M | -60.55M | 204.39M |
| Cash from Investing | -599.45M | -2.22B | -730.88M | -85.44M | -473.31M | -1.66B | -1.44B | -2.14B | -2.57B | -2.34B |
| Acquisitions (Net) | -190.47M | -1.76B | -77.46M | -136.83M | -68.74M | -876.92M | -57.68M | -188.25M | -101.63M | -49.68M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 9.34M | 68.2M | 95.03M | 504.64M | 219.81M | 100.08M | -41.58M | -94.56M | -200.95M | -129M |
| Cash from Financing | 540.42M | 550.68M | -198.97M | -886.7M | -220.81M | 639.21M | 425.67M | 876.75M | 1.27B | 960.3M |
| Dividends Paid | -440M | -673.63M | -704.53M | -716.29M | -718.34M | -724.39M | -737.65M | -789.53M | -919.39M | -971.5M |
| Common Dividends | -440M | -673.63M | -704.53M | -716.29M | -718.34M | -724.39M | -737.65M | -789.53M | -919.39M | -695.91M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 11.53M | -17.55M | -4.73M | -25.15M | -45.56M | 10.23M | -17.08M | 1.16M | -160.04M | 1.47B |
| Net Change in Cash | 689.22M▲ 0% | -760.21M▼ 210.3% | 28.07M▲ 103.7% | 11.51M▼ 59.0% | 50.77M▲ 341.1% | -114.03M▼ 324.6% | 80.99M▲ 171.0% | -67.07M▼ 182.8% | 2.82M▲ 104.2% | 95.37M▲ 0% |
| Exchange Rate Effect | 27.27M | -24.56M | -8.73M | -4.01M | -14.02M | -20.51M | -13.88M | -3.77M | -30.89M | -7.28M |
| Cash at Beginning | 236.48M | 925.7M | 165.49M | 193.56M | 205.06M | 255.83M | 141.8M | 222.79M | 155.72M | 158.53M |
| Cash at End | 925.7M | 165.49M | 193.56M | 205.06M | 255.83M | 141.8M | 222.79M | 155.72M | 158.53M | 250.71M |
| Free Cash Flow | 302.65M▲ 0% | 403.01M▲ 33.2% | 218.2M▼ 45.9% | 534.4M▲ 144.9% | 134.53M▼ 74.8% | 44.11M▼ 67.2% | -231.53M▼ 624.9% | -657.24M▼ 183.9% | -931.63M▼ 41.7% | -624.7M▲ 0% |
| FCF Growth % | 83.95% | 33.16% | -45.86% | 144.92% | -74.83% | -67.21% | -624.87% | -183.87% | -41.75% | 29.83% |
| FCF / Revenue % | 7.87% | 9.54% | 5.12% | 12.89% | 3% | 0.86% | -4.22% | -10.69% | -13.5% | -8.62% |
Iron Mountain Incorporated (IRM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.65 | 3.55 | 3.28 | 3.51 | 3.94 | 4.45 | 3.32 | 3.74 | 3.93 | 4.35 |
| FFO Payout Ratio | 62.31% | 66.14% | 74.77% | 70.77% | 62.62% | 55.61% | 75.48% | 71.34% | 78.65% | 53.57% |
| NOI Margin | 56.18% | 57.37% | 56.99% | 57.63% | 57.98% | 57.11% | 56.98% | 56.15% | 25.69% | 55.02% |
| Net Debt / EBITDA | 5.29x | 5.45x | 7.16x | 6.73x | 7.38x | 7.32x | 8.49x | 8.37x | 7.78x | 7.78x |
| Debt / Assets | 64.19% | 68.7% | 76.84% | 77.73% | 80.99% | 82.32% | 84.63% | 87.46% | 90.18% | 17.55% |
| Interest Coverage | 1.56x | 1.99x | 1.77x | 1.87x | 2.48x | 2.27x | 1.38x | 1.33x | 1.28x | - |
| Book Value / Share | 8.61 | 6.5 | 5.09 | 3.94 | 3.19 | 2.5 | 1.33 | -0.76 | -2.17 | -3.14 |
| Revenue Growth | 9.52% | 9.89% | 0.87% | -2.71% | 8.3% | 13.63% | 7.38% | 12.22% | 12.22% | 15.64% |
Iron Mountain Incorporated (IRM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Mar 9, 2026·SEC
Feb 12, 2026·SEC
Iron Mountain Incorporated (IRM) stock FAQ — growth, dividends, profitability & financials explained
Iron Mountain Incorporated (IRM) reported $7.25B in revenue for fiscal year 2025. This represents a 5484% increase from $129.7M in 1996.
Iron Mountain Incorporated (IRM) grew revenue by 12.2% over the past year. This is steady growth.
Yes, Iron Mountain Incorporated (IRM) is profitable, generating $272.3M in net income for fiscal year 2025 (2.1% net margin).
Yes, Iron Mountain Incorporated (IRM) pays a dividend with a yield of 2.34%. This makes it attractive for income-focused investors.
Iron Mountain Incorporated (IRM) generated Funds From Operations (FFO) of $1.30B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Iron Mountain Incorporated (IRM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates