Symbols / IRM Stock $127.19 +0.95% Iron Mountain Incorporated

Real Estate • REIT - Specialty • United States • NYQ
IRM (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Specialty
CEO Mr. William L. Meaney BSc, MEng, MSIA
Exch · Country NYQ · United States
Market Cap 37.84B
Enterprise Value 57.56B
Income 272.30M
Sales 7.25B
FCF (ttm) -499.46M
Book/sh -3.16
Cash/sh 0.84
Employees 29,400
Insider 10d —
IPO Feb 01, 1996
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 3.58%
P/E 138.25
Forward P/E 47.57
PEG 2.70
P/S 5.22
P/B -40.24
P/C —
EV/EBITDA 23.50
EV/Sales 7.95
Quick Ratio 0.63
Current Ratio 0.77
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 0.92
EPS next Y 2.67
EPS Growth 8.60%
Revenue Growth 21.60%
EPS Gr Q/Q 8.01%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-04-30
ROA 4.56%
ROE —
ROIC —
Gross Margin 55.02%
Oper. Margin 20.96%
Profit Margin 3.76%
Shs Outstand 297.48M
Shs Float 293.97M
Insider Own 0.91%
Instit Own 87.93%
Short Float 3.66%
Short Ratio 5.87
Short Interest 8.02M
52W High 127.94
vs 52W High -0.59%
52W Low 77.77
vs 52W Low 63.55%
Beta 1.15
Impl. Vol. 47.39%
Rel Volume 0.90
Avg Volume 1.78M
Volume 1.60M
Target (mean) $127.55
Tgt Median $138.00
Tgt Low $44.00
Tgt High $149.00
# Analysts 11
Recom Buy
Prev Close $125.99
Price $127.19
Change 0.95%
About

Iron Mountain Incorporated is a global leader in information management services, and is trusted by more than 240,000 customers in 61 countries. It also includes approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Their broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management (ALM) needs. Their longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. We currently serve customers across an array of market verticals commercial, legal, financial, healthcare, technology, life sciences, energy, business services, entertainment and government organizations. They are listed on the New York Stock Exchange (the NYSE) and are a constituent of the Standard & Poor's 500 Index, the Morgan Stanley Capital International (MSCI) REIT index and the FTSE EPRA Nareit Global Real Estate Index. As of December 31, 2025, we were number 567 on the Fortune 1000. We have been organized and have operated as a REIT beginning with our taxable year ended December 31, 2014. The firm was founded and incorporated in 1951 in Delaware, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$127.55
Mean price target
2. Current target
$127.19
Latest analyst target
3. DCF / Fair value
$-30.22
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$127.19
Low
$44.00
High
$149.00
Mean
$127.55

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 main JP Morgan Overweight → Overweight $138
2026-04-21 main Wells Fargo Overweight → Overweight $135
2026-03-04 main Freedom Broker Buy → Buy $130
2026-02-23 main Barclays Overweight → Overweight $127
2025-11-12 main Barclays Overweight → Overweight $123
2025-11-07 main Freedom Broker Buy → Buy $112
2025-11-06 main JP Morgan Overweight → Overweight $111
2025-09-22 init Jefferies — → Buy $120
2025-08-20 main Barclays Overweight → Overweight $122
2025-08-07 main JP Morgan Overweight → Overweight $100
2025-05-27 main Barclays Overweight → Overweight $121
2025-04-08 init Truist Securities — → Buy $95
2025-03-20 main Barclays Overweight → Overweight $118
2025-02-18 main JP Morgan Overweight → Overweight $112
2025-02-04 main Wells Fargo Overweight → Overweight $125
2025-01-28 main Barclays Overweight → Overweight $130
2024-11-27 main RBC Capital Outperform → Outperform $139
2024-11-18 main Barclays Overweight → Overweight $131
2024-10-17 main Wells Fargo Overweight → Overweight $135
2024-10-09 main Barclays Overweight → Overweight $133
News
RSS: Latest IRM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 KIDD MARK Officer — 6,000 $102.71 $616,260
2026-04-01 MEANEY WILLIAM L Chief Executive Officer — 38,474 $102.71 $3,951,665
2026-04-01 MEANEY WILLIAM L Chief Executive Officer — 38,474 $37.00 $1,423,538
2026-03-19 BHARGAVA MITHU Officer — 59,725 $104.25 $6,248,239
2026-03-05 MEANEY WILLIAM L Chief Executive Officer — 98,657 $105.26 $10,482,131
2026-03-04 MEANEY WILLIAM L Chief Executive Officer — 197,318 $105.25 $21,132,767
2026-03-02 ALLERTON JENNIFER Director — 7,000 $108.88 $762,160
2026-03-02 KIDD MARK Officer — 6,000 $107.27 $643,620
2026-03-02 MEANEY WILLIAM L Chief Executive Officer — 137,133 $107.16 $15,001,567
2026-03-02 MEANEY WILLIAM L Chief Executive Officer — 689,148 $37.00 $1,423,538
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
6,901.74
+12.23%
6,149.91
+12.22%
5,480.29
+7.38%
5,103.57
Operating Revenue
6,901.74
+12.23%
6,149.91
+12.22%
5,480.29
+7.38%
5,103.57
Cost Of Revenue
3,079.48
+14.20%
2,696.55
+14.37%
2,357.80
+7.71%
2,189.12
Reconciled Cost Of Revenue
3,046.71
+14.07%
2,670.97
+14.10%
2,340.94
+7.82%
2,171.08
Gross Profit
3,822.26
+10.68%
3,453.36
+10.60%
3,122.49
+7.14%
2,914.45
Operating Expense
2,418.34
+7.94%
2,240.44
+11.33%
2,012.45
+7.72%
1,868.17
Selling General And Administration
1,393.90
+4.06%
1,339.54
+8.35%
1,236.29
+8.39%
1,140.58
Selling And Marketing Expense
378.32
+4.45%
362.19
-0.25%
363.09
+20.74%
300.73
General And Administrative Expense
1,015.58
+3.91%
977.35
+11.93%
873.20
+3.97%
839.84
Other Gand A
1,015.58
+3.91%
977.35
+11.93%
873.20
+3.97%
839.84
Total Expenses
5,497.82
+11.36%
4,936.99
+12.97%
4,370.25
+7.71%
4,057.29
Operating Income
1,403.92
+15.75%
1,212.92
+9.27%
1,110.04
+6.09%
1,046.28
Total Operating Income As Reported
1,163.82
+15.28%
1,009.52
+9.52%
921.78
-12.20%
1,049.87
EBITDA
2,114.85
+10.88%
1,907.25
+17.83%
1,618.63
-13.61%
1,873.57
Normalized EBITDA
2,474.40
+15.22%
2,147.47
+14.12%
1,881.69
+4.02%
1,808.96
Reconciled Depreciation
1,057.20
+14.11%
926.49
+16.83%
793.02
+6.35%
745.64
EBIT
1,057.65
+7.84%
980.77
+18.79%
825.61
-26.80%
1,127.93
Total Unusual Items
-359.54
-49.68%
-240.21
+8.69%
-263.06
-507.21%
64.60
Total Unusual Items Excluding Goodwill
-359.54
-49.68%
-240.21
+8.69%
-263.06
-507.21%
64.60
Special Income Charges
-253.90
+9.09%
-279.27
-23.43%
-226.26
-7854.11%
2.92
Other Special Charges
—
5.68
—
0.67
Impairment Of Capital Assets
—
—
—
0.00
Restructuring And Mergern Acquisition
229.26
-14.26%
267.40
+11.84%
239.09
+166.61%
89.68
Net Income
144.59
-19.74%
180.16
-2.21%
184.23
-66.92%
556.98
Pretax Income
211.19
-13.64%
244.54
+7.63%
227.21
-64.03%
631.64
Net Non Operating Interest Income Expense
-829.34
-14.94%
-721.56
-23.15%
-585.93
-20.06%
-488.01
Interest Expense Non Operating
846.46
+14.97%
736.23
+23.03%
598.40
+20.58%
496.29
Net Interest Income
-829.34
-14.94%
-721.56
-23.15%
-585.93
-20.06%
-488.01
Interest Expense
846.46
+14.97%
736.23
+23.03%
598.40
+20.58%
496.29
Interest Income Non Operating
17.13
+16.73%
14.67
+17.65%
12.47
+50.69%
8.28
Interest Income
17.13
+16.73%
14.67
+17.65%
12.47
+50.69%
8.28
Other Income Expense
-363.40
-47.23%
-246.82
+16.87%
-296.90
-504.67%
73.37
Other Non Operating Income Expenses
-3.85
+41.66%
-6.61
+80.47%
-33.84
-485.96%
8.77
Gain On Sale Of Security
-105.64
-370.44%
39.06
+206.16%
-36.80
-159.66%
61.68
Tax Provision
58.93
-3.18%
60.87
+52.40%
39.94
-42.52%
69.49
Tax Rate For Calcs
0.00
+12.05%
0.00
+41.48%
0.00
+60.00%
0.00
Tax Effect Of Unusual Items
-100.31
-67.71%
-59.81
-29.19%
-46.30
-751.53%
7.11
Net Income Including Noncontrolling Interests
152.25
-17.10%
183.67
-1.92%
187.26
-66.69%
562.15
Net Income From Continuing Operation Net Minority Interest
144.59
-19.74%
180.16
-2.21%
184.23
-66.92%
556.98
Net Income From Continuing And Discontinued Operation
144.59
-19.74%
180.16
-2.21%
184.23
-66.92%
556.98
Net Income Continuous Operations
152.25
-17.10%
183.67
-1.92%
187.26
-66.69%
562.15
Net Income Discontinuous Operations
—
—
—
—
Minority Interests
-7.66
-118.32%
-3.51
-15.88%
-3.03
+41.39%
-5.17
Normalized Income
403.82
+12.00%
360.55
-10.09%
401.00
-19.72%
499.49
Net Income Common Stockholders
144.59
-19.74%
180.16
-2.21%
184.23
-66.92%
556.98
Diluted EPS
0.49
-19.67%
0.61
-3.17%
0.63
-66.84%
1.90
Basic EPS
0.49
-19.67%
0.61
-3.17%
0.63
-67.19%
1.92
Basic Average Shares
295.40
+0.69%
293.37
+0.00%
293.37
+0.88%
290.81
Diluted Average Shares
297.82
+0.53%
296.23
+0.77%
293.96
+0.52%
292.44
Diluted NI Availto Com Stockholders
144.59
-19.74%
180.16
-2.21%
184.23
-66.92%
556.98
Depreciation Amortization Depletion Income Statement
1,024.43
+13.71%
900.90
+16.07%
776.16
+6.67%
727.60
Depreciation And Amortization In Income Statement
1,024.43
+13.71%
900.90
+16.07%
776.16
+6.67%
727.60
Gain On Sale Of PPE
-24.64
-297.69%
-6.20
-148.31%
12.82
-86.25%
93.27
Rent Expense Supplemental
—
—
—
—
Line Item Trend 2023-12-31
Total Assets
17,473.80
Current Assets
1,735.55
Cash Cash Equivalents And Short Term Investments
222.79
Cash And Cash Equivalents
222.79
Receivables
1,259.83
Accounts Receivable
1,259.83
Gross Accounts Receivable
1,334.59
Allowance For Doubtful Accounts Receivable
-74.76
Prepaid Assets
—
Other Current Assets
252.93
Total Non Current Assets
15,738.22
Net PPE
9,010.89
Gross PPE
13,070.01
Accumulated Depreciation
-4,059.12
Properties
0.00
Land And Improvements
536.78
Buildings And Improvements
3,819.24
Machinery Furniture Equipment
1,174.33
Construction In Progress
1,622.78
Other Properties
4,750.07
Leases
1,166.81
Goodwill And Other Intangible Assets
6,297.68
Goodwill
5,017.91
Other Intangible Assets
1,279.77
Other Non Current Assets
429.65
Total Liabilities Net Minority Interest
17,084.08
Current Liabilities
2,236.19
Payables And Accrued Expenses
1,083.79
Payables
741.99
Accounts Payable
539.59
Dividends Payable
202.39
Current Accrued Expenses
341.81
Pensionand Other Post Retirement Benefit Plans Current
242.99
Current Debt And Capital Lease Obligation
412.46
Current Debt
120.67
Other Current Borrowings
120.67
Current Capital Lease Obligation
291.80
Current Deferred Liabilities
496.94
Current Deferred Revenue
325.67
Total Non Current Liabilities Net Minority Interest
14,847.89
Long Term Debt And Capital Lease Obligation
14,374.89
Long Term Debt
11,812.50
Long Term Capital Lease Obligation
2,562.39
Non Current Deferred Liabilities
235.41
Non Current Deferred Taxes Liabilities
235.41
Other Non Current Liabilities
237.59
Preferred Securities Outside Stock Equity
—
Stockholders Equity
211.65
Common Stock Equity
211.65
Capital Stock
2.92
Common Stock
2.92
Preferred Stock
0.00
Share Issued
292.14
Ordinary Shares Number
292.14
Treasury Shares Number
0.00
Additional Paid In Capital
4,533.69
Retained Earnings
-3,953.81
Gains Losses Not Affecting Retained Earnings
-371.16
Minority Interest
178.07
Other Equity Adjustments
-371.16
Total Equity Gross Minority Interest
389.72
Total Capitalization
12,024.15
Working Capital
-500.64
Invested Capital
12,144.82
Total Debt
14,787.36
Net Debt
11,710.38
Capital Lease Obligations
2,854.19
Net Tangible Assets
-6,086.03
Tangible Book Value
-6,086.03
Interest Payable
175.22
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,340.00
+11.97%
1,196.71
+7.47%
1,113.57
+20.04%
927.70
Cash Flow From Continuing Operating Activities
1,340.00
+11.97%
1,196.71
+7.47%
1,113.57
+20.04%
927.70
Cash From Discontinued Operating Activities
—
—
—
—
Net Income From Continuing Operations
152.25
-17.10%
183.67
-1.92%
187.26
-66.69%
562.15
Depreciation Amortization Depletion
1,057.20
+14.11%
926.49
+16.83%
793.02
+6.35%
745.64
Depreciation
730.88
+16.14%
629.30
+19.67%
525.85
+9.78%
478.98
Amortization Cash Flow
326.32
+9.80%
297.19
+11.24%
267.17
+0.19%
266.65
Depreciation And Amortization
1,057.20
+14.11%
926.49
+16.83%
793.02
+6.35%
745.64
Amortization Of Intangibles
326.32
+9.80%
297.19
+11.24%
267.17
+0.19%
266.65
Other Non Cash Items
25.83
-25.87%
34.84
+395.24%
7.04
+108.23%
-85.48
Stock Based Compensation
140.28
+18.74%
118.14
+60.08%
73.80
+29.79%
56.86
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
-47.68
-15.13%
-41.41
-17.44%
-35.26
+36.94%
-55.92
Deferred Income Tax
-47.68
-15.13%
-41.41
-17.44%
-35.26
+36.94%
-55.92
Operating Gains Losses
72.66
+53.33%
47.39
-63.07%
128.31
+397.58%
-43.12
Net Foreign Currency Exchange Gain Loss
48.02
+16.57%
41.19
-60.06%
103.13
+619.49%
-19.85
Gain Loss On Sale Of PPE
24.64
+297.69%
6.20
+148.31%
-12.82
+86.25%
-93.27
Change In Working Capital
-60.55
+16.37%
-72.40
-78.35%
-40.59
+83.92%
-252.44
Change In Other Current Assets
-262.67
-235.54%
-78.28
-11.37%
-70.29
+68.71%
-224.64
Change In Other Current Liabilities
202.12
+3335.10%
5.88
-80.18%
29.69
+206.83%
-27.80
Investing Cash Flow
-2,574.21
-20.47%
-2,136.76
-47.94%
-1,444.36
+13.01%
-1,660.42
Cash Flow From Continuing Investing Activities
-2,574.21
-20.47%
-2,136.76
-47.94%
-1,444.36
+13.01%
-1,660.42
Cash From Discontinued Investing Activities
—
—
—
—
Net PPE Purchase And Sale
13.63
-24.16%
17.98
-66.42%
53.54
-68.58%
170.42
Sale Of PPE
13.63
-24.16%
17.98
-66.42%
53.54
-68.58%
170.42
Capital Expenditure
-2,347.11
-26.60%
-1,853.95
-37.83%
-1,345.10
-52.23%
-883.58
Capital Expenditure Reported
-2,271.63
-26.80%
-1,791.56
-33.78%
-1,339.22
-52.99%
-875.38
Net Business Purchase And Sale
-144.80
+23.08%
-188.25
-226.37%
-57.68
+93.42%
-876.92
Purchase Of Business
-144.80
+23.08%
-188.25
-226.37%
-57.68
+93.42%
-876.92
Gain Loss On Sale Of Business
0.00
0.00
-100.00%
38.00
-45.72%
70.00
Net Intangibles Purchase And Sale
-75.49
-21.00%
-62.39
-962.07%
-5.87
+28.41%
-8.21
Purchase Of Intangibles
-75.49
-21.00%
-62.39
-962.07%
-5.87
+28.41%
-8.21
Net Other Investing Changes
-95.92
+14.77%
-112.54
-18.31%
-95.12
-35.24%
-70.34
Financing Cash Flow
1,267.91
+44.62%
876.75
+105.97%
425.67
-33.41%
639.21
Cash Flow From Continuing Financing Activities
1,267.91
+44.62%
876.75
+105.97%
425.67
-33.41%
639.21
Net Issuance Payments Of Debt
2,384.15
+42.14%
1,677.31
+42.10%
1,180.39
-12.78%
1,353.36
Issuance Of Debt
18,400.43
+13.91%
16,153.01
-16.63%
19,376.17
+49.63%
12,949.77
Repayment Of Debt
-16,016.28
-10.64%
-14,475.70
+20.44%
-18,195.78
-56.91%
-11,596.41
Long Term Debt Issuance
18,400.43
+13.91%
16,153.01
-16.63%
19,376.17
+49.63%
12,949.77
Long Term Debt Payments
-16,016.28
-10.64%
-14,475.70
+20.44%
-18,195.78
-56.91%
-11,596.41
Net Long Term Debt Issuance
2,384.15
+42.14%
1,677.31
+42.10%
1,180.39
-12.78%
1,353.36
Short Term Debt Issuance
—
—
18,386.17
+41.98%
12,949.77
Short Term Debt Payments
—
—
-18,191.92
-56.92%
-11,593.45
Net Short Term Debt Issuance
—
—
194.25
-85.68%
1,356.31
Common Stock Dividend Paid
-919.39
-16.45%
-789.53
-7.03%
-737.65
-1.83%
-724.39
Cash Dividends Paid
-919.39
-16.45%
-789.53
-7.03%
-737.65
-1.83%
-724.39
Proceeds From Stock Option Exercised
-36.81
-201.76%
-12.20
-39.33%
-8.75
-80.53%
-4.85
Net Other Financing Charges
-160.04
-13873.24%
1.16
+113.96%
-8.32
-155.17%
15.08
Changes In Cash
33.71
+153.24%
-63.31
-166.73%
94.88
+201.45%
-93.52
Effect Of Exchange Rate Changes
-30.89
-720.40%
-3.77
+72.88%
-13.88
+32.30%
-20.51
Beginning Cash Position
155.72
-30.11%
222.79
+57.12%
141.80
-44.57%
255.83
End Cash Position
158.53
+1.81%
155.72
-30.11%
222.79
+57.12%
141.80
Free Cash Flow
-1,007.12
-53.23%
-657.24
-183.87%
-231.53
-624.87%
44.11
Interest Paid Supplemental Data
824.59
+6.99%
770.69
+50.39%
512.45
+6.17%
482.67
Income Tax Paid Supplemental Data
121.61
+34.01%
90.74
+1.28%
89.60
-10.07%
99.63
Sale Of Business
—
—
0.00
0.00
Cash From Discontinued Financing Activities
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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