Iron Mountain Inc.

Iron Mountain Inc.

IRM

Get informed when a big investor buys or sells

+ Follow
Market Cap$38.16B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Iron Mountain Inc.Iron Mountain Inc.139.82.57%-22%5.3-5.3

Earnings Call Q1 2026

April 30, 2026 - AI Summary

Results momentum & top-line growth (good/surprising): Iron Mountain reported Q1 2026 revenue of $1.94B (+22% YoY reported; +19% constant currency; +17% organic)—well ahead of prior expectations. The quarter delivered record performance with Adjusted EBITDA $708M (+22% YoY) and AFFO $426M (+22% YoY). Organic growth was 17%, the highest in 25+ years.
Growth mix driving performance (good): “Growth businesses” (data/data center/ALM/digital) accelerated strongly: grew >50% YoY and now represent >30% of total revenue (from the “physical records” base that’s also solid). Data center revenue +47% YoY; ALM revenue +92% YoY (particularly data center decommissioning); digital solutions revenue >20% YoY with record results. Records management delivered its best quarterly growth in years and remains on track for 38th consecutive year of organic storage rental growth.
Bookings & pipeline visibility (good/opportunity): Commercial momentum was highlighted via multiple wins across government and enterprise lines. Notably, public sector bookings were the 2nd best in company history, supported by FedRAMP High certification for InSight (expands ability to win mission-critical federal digital work). Company also cited strong cross-selling (ALM/digital), plus new multiyear deals in records management and digital (e.g., large file volumes processed via Smart Reveal/Sort and AI DXP platform).

Exclusive for Stockcircle Pro members

Sign upSign Up
$132.33

Target Price by Analysts

3.4% upsideIron Mountain Target Price DetailsTarget Price
$-107.19

Current Fair Value

183.8% downside

Overvalued by 183.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$38.16 Billion
Enterprise Value$44.35 Billion
Dividend Yield$3.30 (2.57%)
Earnings per Share$0.49
Beta1.23
Outstanding Shares296,848,000

Return

Return on Equity-22.41%ROE
Return on Assets1.27%
Return on Invested Capital6.88%

Valuation & Multiples

P/E Ratio139.81P/E Ratio
PEG17.46PEG
Price to Sales5.33Price to Sales
Price to Book Ratio-31.99Price to Book Ratio
Enterprise Value to Revenue6.12
Enterprise Value to EBIT34.24
Enterprise Value to Net Income162
Total Debt to Enterprise0.15
Debt to Equity-5.3Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$0.52
Average shareholder expectation
Revenue Estimate
$1.86 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$0.54
Average shareholder expectation
Revenue Estimate
$1.97 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.8932 133.48%
Total Calls1,264,000 0.22%
Total Puts2,393,000 239.77%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %84.78% 2.12%
Total Invested$25.79B 20.90%
Investors Holding1,110 76.00%

ESG Score

No data

About Iron Mountain Inc.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden. Its work directly impacts Iron Mountain's financial planning and operational costs, similar to the Finance Committee.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates or specific tax credits, driven by this committee, would directly impact Iron Mountain's profitability, investment decisions, and capital allocation. Trade policy could also affect its international operations.

Appropriations

This committee directly allocates discretionary federal spending. Since Iron Mountain provides significant services to various federal government agencies, appropriations decisions determine the precise cash flow available for these agencies to procure data management, storage, and digital transformation services, directly affecting IRM's order books and revenue streams.

Armed Services

Iron Mountain provides secure data storage and information management services to the Department of Defense and defense contractors. This committee's authorization of the annual NDAA and associated funding decisions directly impact Iron Mountain's government contracts within the defense sector, creating a high potential for non-public material information.

Banking, Housing, and Urban Affairs

Iron Mountain provides critical data management, compliance, and archival services to financial institutions. This committee's regulation of the financial system, including the Fed and SEC (e.g., data retention, cybersecurity for financial firms), directly impacts IRM's client base and the demand for its compliant services.

Select Committee on Intelligence

Iron Mountain provides secure information management services, often handling sensitive and classified data for government clients, including defense and intelligence agencies. This committee's oversight of the Intelligence Community and discussions on cybersecurity threats create a direct link to IRM's security services and potential for classified contracts, offering high informational asymmetry risk.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, data privacy, and technology regulation. As a provider of data management, cloud services, and digital solutions, Iron Mountain is directly impacted by potential federal data privacy laws, FTC oversight on data handling, and regulations affecting 'Big Tech' and telecommunications infrastructure.

Homeland Security and Governmental Affairs

This committee oversees federal procurement, data security for government agencies, and evolving regulations around AI in government. Iron Mountain, providing secure data management and digital transformation services to federal clients, would be directly impacted by these regulations and funding decisions, creating significant potential for non-public material information.