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Iron Mountain Incorporated logo

Iron Mountain Incorporated

IRM

NYSEReal EstateREIT - Specialty

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Previous close

$122.02

−$0.92 · -0.75%

Aug 21, 4:00 PM ET

IRM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

33

Expensive

Momentum

51

Neutral

Sentiment

59

Mixed

Risk resilience

69

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than 225,000 organizations globally trust Iron Mountain with their critical assets. With an extensive physical infrastructure spanning over 90 million square feet, the company operates approximately 1,450 facilities in around 50 countries. Within this vast network, Iron Mountain safeguards billions of valued items, including vital corporate records, highly confidential digital assets, and invaluable cultural and historical artifacts. Their comprehensive suite of offerings encompasses secure document archiving, robust information governance, digital transformation initiatives, confidential destruction services, along with advanced data centers, cloud computing solutions, and specialized art storage and logistics. These services empower clients to mitigate costs and risks, ensure regulatory compliance, facilitate swift disaster recovery, and enable a more efficient, digital-first operational model.

Industry
REIT - Specialty
Sector
Real Estate
Headquarters
US
CEO
William L. Meaney
Listed since
Feb 1, 1996
Employees
29,400

Market position

Day range

Current $122.02

52-week range

Current $122.02

Open
$123.79
Previous close
$122.94
Volume
586.68K
0.34× average
Average volume
1.73M
Average daily volume
Market cap
36.3B USD
Beta
1.22
Market reference 1
50-day average
$124.65
-2.11% below average
200-day average
$108.58
+12.38% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
43.4B USD
EV / EBITDA
20.83×
Earnings yield
0.59%
Free cash flow yield
-3.80%

Profitability & efficiency

Return on equity
-14.74%
Return on assets
0.68%
Return on invested capital
5.32%

Financial health

Current ratio
0.74×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%41%19%-3%Gross margin, FY2021: 57.98%Gross margin, FY2022: 57.11%Gross margin, FY2023: 56.98%Gross margin, FY2024: 56.15%Gross margin, FY2025: 25.69%Operating margin, FY2021: 19.02%Operating margin, FY2022: 20.57%Operating margin, FY2023: 16.82%Operating margin, FY2024: 16.42%Operating margin, FY2025: 20.36%Net margin, FY2021: 10.02%Net margin, FY2022: 10.91%Net margin, FY2023: 3.36%Net margin, FY2024: 2.93%Net margin, FY2025: 2.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.98%. Gross margin FY2022 57.11%. Gross margin FY2023 56.98%. Gross margin FY2024 56.15%. Gross margin FY2025 25.69%. Operating margin FY2021 19.02%. Operating margin FY2022 20.57%. Operating margin FY2023 16.82%. Operating margin FY2024 16.42%. Operating margin FY2025 20.36%. Net margin FY2021 10.02%. Net margin FY2022 10.91%. Net margin FY2023 3.36%. Net margin FY2024 2.93%. Net margin FY2025 2.09%.

Income trends

Revenue

6.9B USD+12.23%

Operating income

1.41B USD+39.23%

Net income

144.59M USD-19.74%
Income trends across reported periods7.58B USD4.87B USD2.17B USD−531.12M USDRevenue, FY2021: 4.49B USDRevenue, FY2022: 5.1B USDRevenue, FY2023: 5.48B USDRevenue, FY2024: 6.15B USDRevenue, FY2025: 6.9B USDOperating income, FY2021: 854.17M USDOperating income, FY2022: 1.05B USDOperating income, FY2023: 921.78M USDOperating income, FY2024: 1.01B USDOperating income, FY2025: 1.41B USDNet income, FY2021: 450.22M USDNet income, FY2022: 556.98M USDNet income, FY2023: 184.23M USDNet income, FY2024: 180.16M USDNet income, FY2025: 144.59M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.49B USD. Revenue FY2022 5.1B USD. Revenue FY2023 5.48B USD. Revenue FY2024 6.15B USD. Revenue FY2025 6.9B USD. Operating income FY2021 854.17M USD. Operating income FY2022 1.05B USD. Operating income FY2023 921.78M USD. Operating income FY2024 1.01B USD. Operating income FY2025 1.41B USD. Net income FY2021 450.22M USD. Net income FY2022 556.98M USD. Net income FY2023 184.23M USD. Net income FY2024 180.16M USD. Net income FY2025 144.59M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.9B USD6.15B USD5.48B USD5.1B USD4.49B USD
Cost of goods sold5.13B USD2.7B USD2.36B USD2.19B USD1.89B USD
Gross profit1.77B USD3.45B USD3.12B USD2.91B USD2.6B USD
Selling, general, and administrative1.39B USD1.34B USD1.24B USD1.14B USD1.02B USD
Operating expenses367.87M USD2.44B USD2.2B USD1.86B USD1.75B USD
Interest income—14.67M USD12.47M USD8.28M USD7.34M USD
Interest expense829.34M USD736.23M USD598.4M USD496.29M USD425.3M USD
Depreciation and amortization1.02B USD926.49M USD793.02M USD745.64M USD696.97M USD
Operating income1.41B USD1.01B USD921.78M USD1.05B USD854.17M USD
Net income144.59M USD180.16M USD184.23M USD556.98M USD450.22M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.49
FY2025 · -19.67% year over year
Latest fiscal-year revenue
6.9B USD
FY2025 · +12.23% year over year
Next fiscal-year EPS consensus
2.48
FY2026 · 4 analysts
Next fiscal-year revenue consensus
8.01B USD
FY2026 · 7 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend4.242.881.510.15FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend10.49B8.31B6.13B3.95BFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$138.25

13.30% upside
Past 12 months12-month forecastHigh $143Average $138.25Low $130

Rating distribution

20 ratings
Strong buy00%
Buy1365%
Hold210%
Sell525%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.219

2025 complete year+30.1% since 2021

2026 partial: $1.728

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.864

Quarterly

Record Sep 15, 2026 · Payment Oct 2, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.864

Quarterly

Record Jun 15, 2026 · Payment Jul 6, 2026

Dividend

Ex-dividend Mar 16, 2026

$0.864

Quarterly

Record Mar 16, 2026 · Payment Apr 3, 2026

Dividend

Ex-dividend Dec 15, 2025

$0.864

Quarterly

Record Dec 15, 2025 · Payment Jan 6, 2026

Dividend

Ex-dividend Sep 15, 2025

$0.785

Quarterly

Record Sep 15, 2025 · Payment Oct 3, 2025

Dividend

Ex-dividend Jun 16, 2025

$0.785

Quarterly

Record Jun 16, 2025 · Payment Jul 3, 2025

IRM peers

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Digital Realty Trust, Inc. logo

DLR

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$190.62

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Public Storage logo

PSA

Public Storage

$322.49

-0.08%

ETFs holding IRM

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
1.38B
Weight
1.88%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.1B
Weight
0.05%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
955.62M
Weight
0.06%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
748.24M
Weight
0.33%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
493.02M
Weight
0.06%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
454.86M
Weight
0.06%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
329.36M
Weight
0.13%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%
State Street Real Estate Select Sector SPDR ETF logoState Street Real Estate Select Sector SPDR ETFXLRE
Market value
313.86M
Weight
3.70%
AUM
8.49B USD
Expense ratio
0.08%
Price / 1D
$45.080.00%

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