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.
Get notified when IRM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
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 | $1.43vs $0.50+185.4% | $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
| Metric | 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
| Metric | 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 | 1.51x |
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
| Metric | 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 | 1.48B |
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% | 20.44% |
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 | 1.51x |
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 2.42%. 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.