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    Iron Mountain Incorporated (IRM)

    Official site

    REAL ESTATE • REIT - SPECIALTY • NYSE

    $110.70
    -4.02 (-3.50%)

    Market Cap: $34.15B

    Last updated: Oct 22, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    69%(27/39)
    Avg Surprise
    +6.32%
    Streak
    4 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.61
    Range$0.50 - $0.66
    6 analysts
    EPS Revisions
    2
    0
    7d
    2
    4
    30d
    EPS Estimate DriftChange to current
    90d ago$0.62-1.2%
    60d ago$0.610.0%
    30d ago$0.610.0%
    7d ago$0.610.0%
    Current$0.61
    Revenue Consensus
    $2.0B
    Range$2.0B - $2.0B
    9 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.79
    Range$0.60 - $0.92
    7 analysts
    Revenue Consensus
    $2.2B
    Range$2.2B - $2.4B
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.79---
    Sep 26EST
    		-$0.61---
    Jun 26
    Reported Aug 5
    		$1.44$1.28+12.50%Beat+200.0%
    Mar 26
    Reported Apr 30
    		$0.60$0.52+15.38%Beat+39.5%
    Dec 25
    Reported Feb 12
    		$0.61$0.59+3.39%Beat+22.0%
    Sep 25
    Reported Nov 5
    		$1.32$1.14+15.79%Beat+200.0%
    Jun 25
    Reported Aug 6
    		$0.48$0.50-4.00%Miss+14.3%
    Mar 25
    Reported May 1
    		$0.43$0.40+7.50%Beat+0.0%
    Dec 24
    Reported Feb 13
    		$0.50$0.53-6.23%Miss-3.8%
    Sep 24
    Reported Nov 6
    		$0.44$0.48-8.33%Miss-2.2%
    Jun 24
    Reported Aug 1
    		$0.42$0.44-4.55%Miss+5.0%
    Mar 24
    Reported May 2
    		$0.43$0.43+0.00%Beat+2.4%
    Dec 23
    Reported Feb 22
    		$0.52$0.45+15.56%Beat+20.9%
    Sep 23
    Reported Nov 2
    		$0.45$0.44+2.27%Beat-6.2%
    Jun 23
    Reported Aug 3
    		$0.40$0.41-2.44%Miss-13.0%
    Mar 23
    Reported May 4
    		$0.42$0.35+20.00%Beat+10.5%
    Dec 22
    Reported Feb 23
    		$0.43$0.44-2.27%Miss+0.0%
    Sep 22
    Reported Nov 3
    		$0.48$0.44+9.09%Beat+20.0%
    Jun 22
    Reported Aug 4
    		$0.46$0.40+15.00%Beat+21.1%
    Mar 22
    Reported Apr 28
    		$0.38$0.37+2.70%Beat+18.8%
    Dec 21
    Reported Feb 24
    		$0.43$0.40+7.50%Beat+48.3%
    Sep 21
    Reported Nov 4
    		$0.40$0.40+0.00%Beat+29.0%
    Jun 21
    Reported Aug 5
    		$0.38$0.35+8.57%Beat+72.7%
    Mar 21
    Reported May 6
    		$0.32$0.25+28.00%Beat+18.5%
    Dec 20
    Reported Feb 24
    		$0.29$0.31-6.45%Miss-6.5%
    Sep 20
    Reported Nov 5
    		$0.31$0.25+24.00%Beat-3.1%
    Jun 20
    Reported Aug 6
    		$0.22$0.15+46.67%Beat-4.3%
    Mar 20
    Reported May 7
    		$0.27$0.18+50.00%Beat+58.8%
    Dec 19
    Reported Feb 13
    		$0.31$0.32-3.13%Miss+24.0%
    Sep 19
    Reported Oct 31
    		$0.32$0.30+6.67%Beat+14.3%
    Jun 19
    Reported Aug 1
    		$0.23$0.22+4.55%Beat-23.3%
    Mar 19
    Reported Apr 25
    		$0.17$0.24-29.17%Miss-29.2%
    Dec 18
    Reported Feb 14
    		$0.25$0.25+0.00%Beat-13.8%
    Sep 18
    Reported Oct 25
    		$0.28$0.27+3.70%Beat-9.7%
    Jun 18
    Reported Jul 27
    		$0.30$0.25+20.00%Beat+0.0%
    Mar 18
    Reported Apr 26
    		$0.24$0.23+4.35%Beat+0.0%
    Dec 17
    Reported Feb 16
    		$0.29$0.31-6.45%Miss+11.5%
    Sep 17
    Reported Oct 24
    		$0.31$0.31+0.00%Beat-
    Jun 17
    Reported Jul 28
    		$0.30$0.27+11.11%Beat-
    Mar 17
    Reported Apr 27
    		$0.24$0.26-7.69%Miss-
    Dec 16
    Reported Feb 23
    		$0.26$0.28-7.14%Miss-

    Dividends

    Dividend Metrics

    Forward Yield3.12%
    Forward Annual Dividend$3.46
    Payout Ratio62.16%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+9.17%
    5Y CAGR+5.41%
    IRM dividend history and ex-dividend datesRun IRM in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio27.88EV/EBITDA19.97x
    Price/FCF-67.14xFCF Yield-1.49%
    Profitability
    Profit Margin5.54%Operating Margin19.10%
    ROE225.10%ROIC7.41%
    Financial Health
    Debt/Equity-13.54xInterest CoverageN/A
    Current Ratio0.73xQuick Ratio0.73x
    Trading Statistics
    Beta1.19Avg Volume1.45M
    52-Week High$133.6452-Week Low$76.03

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$113.03
    SMA 20$112.86
    SMA 50$115.64
    SMA 200$113.47
    EMA 10$112.80
    EMA 20$113.27
    EMA 50$115.25
    EMA 200$112.68

    MACD

    Line: -0.74Signal: -0.78Hist: 0.04

    ADX

    ADX: 20.9+DI: 15.2-DI: 31.2

    Aroon & PSAR

    Aroon Up12.0
    Aroon Down100.0
    PSAR$116.49

    Bollinger Bands

    Upper Band$116.44
    Lower Band$109.28
    %B Position635%(Upper)
    Band Width0.20

    RSI (14-Day)

    Neutral
    43.3

    Momentum Oscillators

    Stoch %K53.7
    Stoch %D52.2
    Williams %R-65.7
    ROC (10d)-2.0%
    Momentum-2.27
    CCI (20d)-114.3
    MFI (14d)43.5

    Volatility Measures

    ATR (14d)$3.68(3.3%)
    StdDev (20d)1.79
    Hist Vol29.0%(Moderate)

    Volume Flow

    VWAP$110.50
    OBV64.4M
    AD Line-636.0M
    CMF (20d)0.052

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio1.2x
    VWMA (20d)$112.78

    Pivot Points

    R3$119.31
    R2$117.70
    R1$116.21
    Pivot Point$114.60
    S1$113.11
    S2$111.50
    S3$110.01

    Advanced Oscillators

    TSI-6.60
    Ultimate Osc50.9
    KST-14.80

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$2.03B$1.94B$1.84B$1.75B$1.71B$1.59B$1.58B$1.56B$1.53B$1.48B$1.42B$1.39B
    Cost of Revenue$958.61M$889.80M$822.50M$791.94M$754.84M$710.20M$688.93M$678.39M$675.97M$653.25M$601.33M$592.20M
    Gross Profit$1.07B$1.05B$1.02B$962.15M$957.11M$882.33M$892.35M$878.97M$858.44M$823.61M$818.50M$795.97M
    Operating Expenses$696.92M$651.12M$679.62M$653.57M$697.22M$628.03M$609.91M$627.80M$628.14M$577.99M$587.74M$558.14M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$402.34M$372.76M$338.46M$335.25M$390.46M$329.74M$333.31M$341.93M$344.84M$319.46M$314.93M$315.03M
    Operating Income$373.53M$395.23M$341.04M$308.59M$259.90M$254.29M$282.44M$251.16M$230.29M$245.62M$230.76M$237.83M
    Interest Income$-223,446,000$-223,821,000$-219,794,000$-209,740,000$-205,063,000$-194,738,000$-194,452,000$-186,067,000$-176,521,000$-164,519,000$0$-152,801,000
    Interest Expense$252.62M$219.11M$236.71M$205.75M$286.94M$223.23M$158.21M$272.43M$182.35M$151.99M$192.54M$136.53M
    Income Before Tax$120.90M$176.12M$104.33M$102.83M$-27,044,000$31.07M$124.23M$-21,265,000$47.94M$93.63M$38.21M$101.30M
    Income Tax Expense$14.80M$27.12M$11.21M$16.59M$16.30M$14.84M$18.54M$12.40M$13.32M$16.61M$9.02M$9.91M
    Net Income$106.10M$149.00M$93.12M$86.24M$-43,340,000$16.23M$105.69M$-33,665,000$34.62M$77.03M$29.19M$91.39M
    EBITDA$635.27M$677.32M$611.67M$585.03M$440.05M$467.13M$561.19M$405.03M$456.58M$475.13M$395.05M$460.06M
    EBIT$344.35M$399.94M$324.12M$312.57M$178.02M$225.81M$318.68M$164.80M$224.46M$258.15M$190.00M$254.10M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $66.21M
    Gov Obligations / Revenue
    0.9%
    Obligations YoY
    -8.3%
    Active Awards
    160
    New Awards (TTM)
    49
    Avg Remaining Term
    9.8 mo

    Top agency: Department of Homeland Security at 50.5% of trailing twelve month obligations across 24 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    2023H225F00139Department of the TreasuryInternal Revenue Service$42.11MSep 15, 2025
    70SBUR26F00000043Department of Homeland SecurityU.S. Citizenship and Immigration Services$28.86MMar 8, 2026
    70SBUR25F00000146Department of Homeland SecurityU.S. Citizenship and Immigration Services$2.76MAug 1, 2025
    7200AA26M00002Agency for International DevelopmentAgency for International Development$2.53MFeb 10, 2026
    70SBUR26F00000188Department of Homeland SecurityU.S. Citizenship and Immigration Services$2.51MAug 1, 2026
    36C10D26F0012Department of Veterans AffairsDepartment of Veterans Affairs$1.99MFeb 28, 2026
    70SBUR26F00000013Department of Homeland SecurityU.S. Citizenship and Immigration Services$1.59MJan 8, 2026
    70CTD026FC0000010Department of Homeland SecurityU.S. Immigration and Customs Enforcement$813974Feb 13, 2026
    77344425F0056U.S. International Development Finance CorporationU.S. International Development Finance Corporation$599266Oct 1, 2025
    70SBUR26F00000107Department of Homeland SecurityU.S. Citizenship and Immigration Services$450769Sep 25, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Iron Mountain Inc. stock underperforms Thursday when compared to competitors

    Shares of Iron Mountain Inc. (IRM) fell 3.54% on Thursday, closing at $110.66, despite a mixed trading session for the broader market. This decline broke a two-day winning streak for the stock. The Dow Jones Industrial...

    MarketWatch•10/22/26•Bearish

    Iron Mountain Inc. stock outperforms competitors on strong trading day

    Shares of Iron Mountain Inc. (IRM) rose 1.47% to $114.72 on Wednesday, outperforming the broader stock market, with both the S&P 500 Index and Dow Jones Industrial Average also seeing gains. This marks the second...

    MarketWatch•10/21/26•Bullish

    Iron Mountain Inc. stock underperforms Tuesday when compared to competitors despite daily gains

    Iron Mountain Inc. (IRM) stock saw a daily gain of 1.35% on Tuesday, closing at $113.06. Despite this rise, the stock underperformed compared to the broader market...

    MarketWatch•10/20/26•Somewhat-Bullish

    Extra Space Storage Cuts Claims Costs and Strengthens Security with INSOMNIAC® SmartEye

    Extra Space Storage has significantly reduced security incidents and claims costs by implementing INSOMNIAC® SmartEye at hundreds of its properties since 2019. This PropTech solution, developed by OpenTech Alliance...

    EIN News•10/20/26•Somewhat-Bullish

    A former Google leader wins a board seat at Soluna Holdings (SLNH).

    Soluna Holdings (SLNH) has elected Dan Golding to its Board of Directors following its annual meeting on October 16, 2026. Golding...

    Stock Titan•10/20/26•Somewhat-Bullish

    IRM Valuation and Fair Value

    P/E
    27.9x
    Forward P/E
    58.5x
    EV/EBITDA
    20.0x
    P/FCF
    -67.1x
    PEG
    2.7x
    P/B
    -25.7x
    See GNG's fair value

    IRM Profitability: Margins, ROIC and FCF

    Gross margin
    54.2%
    Operating margin
    19.1%
    Net margin
    5.5%
    ROIC
    7.4%
    ROE
    225.1%
    FCF margin
    -6.5%
    FCF yield
    -1.5%

    IRM Competitors

    CompanyTicker
    CBRE Group Inc Class ACBRE
    Crown CastleCCI
    Ventas IncVTR
    Extra Space Storage IncEXR
    Vivmark ResidentialVMRK
    AGNC Investment Corp.AGNCO
    Realty Income CorporationO
    AvalonBay Communities IncAVB

    Sector: Real Estate

    IRM Analyst Ratings

    Consensus
    Buy
    Analysts
    12
    Strong Buy
    4
    Buy
    7
    Hold
    0
    Sell
    1
    Strong Sell
    0

    IRM Bull Case vs Bear Case

    Bull case

    • IRM grew quarterly revenue 18.5% year over year.
    • 91.7% of IRM's analyst ratings are Buy or Strong Buy.

    IRM Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    4.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.61
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 4 down

    IRM Dividend

    Forward yield
    3.1%
    Payout ratio
    62.2%
    3Y DPS growth
    9.2%
    5Y DPS growth
    5.4%
    Pay months
    Jan, Apr, Jul, Oct
    IRM dividend history

    Frequently Asked Questions About IRM

    What is IRM's current dividend yield?

    Iron Mountain Incorporated (IRM) has a forward dividend yield of 3.12%.

    Does IRM pay dividends?

    Yes, Iron Mountain Incorporated pays dividends with a forward dividend yield of 3.12%.

    What is IRM's P/E ratio?

    Iron Mountain Incorporated has a price-to-earnings (P/E) ratio of 27.88.

    What is IRM's market cap?

    Iron Mountain Incorporated (IRM) has a market capitalization of $34.15B with a current stock price of $110.70.

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