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IRON MOUNTAIN INC (IRM)

As-reported financials and recent SEC filings for IRON MOUNTAIN INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About IRON MOUNTAIN INC

Iron Mountain Inc provides information management services globally, serving over 240,000 customers in 61 countries. Its main offerings include physical records management, digital solutions, data center services, and asset lifecycle management for commercial, legal, financial, healthcare, technology, and government sectors. The company operates data centers, secure shredding, media and archive services, and IT asset disposition, focusing on security, compliance, and digital transformation.

Snapshot

Revenue
$6.90B
Revenue growth (YoY)
12.2%
Net income
$152.3M
Diluted EPS
$0.49
Gross margin
Operating margin
16.9%
Net margin
2.2%
FCF margin
-13.5%
ROE
P/E (TTM)
138.0×
Market cap
$37.78B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Iron Mountain

  • Revenue grew 12.2% to $6.9B in FY2025, in line with the 12.2% the year before.
  • Operating margin is 16.9% in FY2025, -2.2 pp against 19.0% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.9B, up 21.6% from Q1 FY2025.
  • Free cash flow was negative $932M in FY2025.
  • Net income fell 17.1% to $152M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Iron Mountain’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin16.9%
33rd percentile of 81
Net margin2.2%
33rd percentile of 156
FCF margin-13.5%
12th percentile of 27
Revenue growth (YoY)+12.2%
83rd percentile of 161
P/E (TTM)138.0×
93rd percentile of 108
Short interest3.41d
29th percentile of 154

Iron Mountain’s P/E of 138.0 ranks in the 93rd percentile of the 108 peers with a meaningful P/E. Iron Mountain’s FCF margin of -13.5% ranks in the 12th percentile of the 27 REITs reporting it.

No open-market insider buys in the last 90 days; 18 insider sales totaling $18.1M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$321.3M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$183.1M1.8MAdded
Point72 Asset ManagementquantQ1 2026$38.6M377.6KReduced
Citadel AdvisorsquantQ1 2026$38.3M375.0KReduced
Millennium ManagementquantQ1 2026$38.2M374.5KReduced
Two Sigma InvestmentsquantQ1 2026$18.3M179.2KReduced
Gotham Asset ManagementQ1 2026$4.1M39.7KAdded
Bridgewater AssociatesQ1 2026$479,4454.7KNew
Renaissance TechnologiesquantQ1 2026$245,1362.4KNew

No longer held by: D. E. Shaw (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
18
$18.1M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-01
filed 2026-07-02
Meaney William LPresident and CEOSell17.5K$121.81$2.1M
2026-07-01
filed 2026-07-02
Meaney William LPresident and CEOSell9.7K$122.84$1.2M
2026-07-01
filed 2026-07-02
Meaney William LPresident and CEOSell7.2K$123.84$888K
2026-07-01
filed 2026-07-02
Kidd MarkEVP, GM Data Centers & ALMSell6.0K$125.62$754K
2026-07-01
filed 2026-07-02
Meaney William LPresident and CEOSell2.5K$125.82$318K
2026-07-01
filed 2026-07-02
Meaney William LPresident and CEOSell1.6K$124.72$200K
2026-06-01
filed 2026-06-02
Meaney William LPresident and CEOSell10.5K$127.00$1.3M
2026-06-01
filed 2026-06-02
Meaney William LPresident and CEOSell10.2K$126.20$1.3M
2026-06-01
filed 2026-06-02
Meaney William LPresident and CEOSell9.2K$129.14$1.2M
2026-06-01
filed 2026-06-02
Meaney William LPresident and CEOSell7.5K$127.90$962K
2026-06-01
filed 2026-06-02
Kidd MarkEVP, GM Data Centers & ALMSell6.0K$126.70$760K
2026-06-01
filed 2026-06-02
Meaney William LPresident and CEOSell1.1K$129.66$141K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
8.3M
settled 2026-07-15
Change vs prior
+10.7%
vs previous settlement
Days to cover
3.41
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-158.3M+10.7%3.41
2026-06-307.5M-7.6%4.03
2026-06-158.1M+10.5%6.22
2026-05-297.3M-1.0%5.99
2026-05-157.4M-3.5%4.36
2026-04-307.6M-4.7%3.89
2026-04-158.0M-2.0%6.94
2026-03-318.2M-3.3%5.31

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$6.90B$6.15B$5.48B$5.10B$4.49B
Gross profit
Operating income$1.16B$1.01B$921.8M$1.05B$854.2M
Net income$152.3M$183.7M$187.3M$562.1M$452.7M
Diluted EPS$0.49$0.61$0.63$1.90$1.55

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$158.5M$155.7M$222.8M$141.8M$255.8M
Current assets$1.93B$1.69B$1.74B$1.55B$1.44B
Total assets$21.13B$18.72B$17.47B$16.14B$14.45B
Current liabilities$2.62B$3.09B$2.24B$1.92B$2.02B
Long-term debt$16.22B$13.00B$11.81B$10.48B$8.96B
Total liabilities$21.83B$19.02B$17.26B$15.50B$13.59B
Total equity$-709.3M$-304.7M$211.8M$636.8M$857.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.34B$1.20B$1.11B$927.7M$758.9M
Capital expenditure$2.27B$1.79B$1.34B$875.4M$611.1M
Free cash flow$-931.6M$-594.9M$-225.7M$52.3M$147.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.94B21.6%$149.0M$0.48
Q4 FY2025$1.84B16.6%$93.1M$0.31
Q3 FY2025$1.75B12.6%$86.2M$0.28
Q2 FY2025$1.71B11.6%$-43.3M$-0.15
Q1 FY2025$1.59B7.8%$16.2M$0.05
Q4 FY2024$1.58B11.4%$105.7M$0.36
Q3 FY2024$1.56B12.2%$-33.7M$-0.11
Q2 FY2024$1.53B13.0%$34.6M$0.12

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2019
SEC CIK1020569

Recent SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-14
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-06-26
View on EDGAR →
8-K2026-05-12
View on EDGAR →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.