Iron Mountain Incorporated (IRM) AI Stock Analysis

Iron Mountain Incorporated is a global storage and information management services provider serving over 225,000 organizations worldwide. The company operates a real estate network covering more than 90 million square feet across approximately 1,450 facilities in nearly 50 countries. Its core solutions include secure records storage, information management, digital transformation services, secure destruction, and data center services. Iron Mountain also provides cloud services along with art storage and logistics, helping clients reduce costs, manage risks, ensure regulatory compliance, recover from disasters, and transition toward digital workflows.

Annual revenue increased from $4.49B in FY2021 to $6.90B in FY2025, delivering a 5-year revenue CAGR of 10.7%. Annual revenue rose 12.2% in both FY2024 and FY2025. Gross margin was 25.7% in FY2025, down from 56.2% in FY2024, while operating margin reached 20.4%. Net income was $144.6M with EPS of $2.84 in FY2025, compared to $180.2M in FY2024 and $557.0M in FY2022. For the trailing twelve months ended June 30, 2026, revenue was $7.56B with an operating margin of 19.1%. In the latest quarter, revenue grew 18.5% year-over-year and quarterly earnings grew 860.0%.

As of June 30, 2026, Iron Mountain held $204.8M in cash and short-term investments alongside $19.61B in total debt, resulting in net debt of $19.41B. The company recorded a current ratio of 0.73 and shareholders' equity of -$1.28B. In FY2025, operating cash flow generated $1.34B, while capital expenditures reached $2.27B, leading to free cash flow of -$931.6M. Capital returns in FY2025 included $919.4M in dividends paid and $36.8M in share buybacks.

Iron Mountain trades at a trailing P/E of 80.4x and a forward P/E of 58.5x, above the median of its S&P 500 Real Estate peers of 30.3x and 29.2x, respectively. Its enterprise value to EBITDA ratio is 21.3x compared to the peer median of 17.2x, while its price-to-sales ratio of 4.4x sits below the peer median of 7.1x. Over the past year, the stock returned 9.9% versus 16.8% for the S&P 500. Over five years, IRM gained 206.0% compared to an 83.0% return for the S&P 500.

Iron Mountain pays a quarterly dividend with an annualized forward payout of $3.46 per share, yielding 3.07%. Its payout ratio stands at 87.1%. The company has paid consecutive dividends for 17 years and registered a 5-year annualized dividend growth rate of 5.4%. Its most recent ex-dividend date was September 15, 2026.

Analyst coverage includes 7 Strong Buy, 4 Buy, and 1 Strong Sell ratings. The mean price target is $144.00, representing a 28.0% premium over the last close of $112.51. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $8.04B and EPS of $2.48, reflecting 17.1% EPS growth. Iron Mountain beat EPS estimates in all 4 of the last 4 quarters. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Iron Mountain Incorporated (IRM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: IRM income statement, IRM balance sheet, IRM key metrics, IRM analyst forecast, IRM chart. See the IRM stock overview for the latest quote and news.