Iron Mountain (IRM)
Secures business records, data-center capacity, and retired IT assets across their lifecycles.
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Stores physical and digital records, provides secure destruction and IT-asset lifecycle services, and leases data-center capacity. Recurring storage revenue anchors the business, while a global customer base supports cross-selling into digital solutions, data centers, and equipment decommissioning.
Stores, retrieves, digitizes, and securely destroys business records, while also operating data centers and managing the retirement and resale of IT equipment. The Global RIM segment combines physical records management, backup-media storage, digital solutions, and shredding across 61 countries; separate data-center operations lease secure capacity to enterprises and hyperscale customers. Asset Lifecycle Management and fine-arts handling sit in Corporate and Other.
Long customer relationships and a large logistics-and-storage footprint support recurring rental revenue and cross-selling into digital, data-center, and lifecycle services. The records business remains the economic core, even as those newer lines expand.
Reliance on secure custody and reliable retrieval makes operational trust central. Physical-record activity can fall as customers digitize, data centers require large upfront capital and dependable power, and REIT status requires regular distributions of taxable income.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Redburn Partners | Target | Target: — | Target: $132 |
| Sep 8, 2026 | Barclays | Reiterate | Rating: —Target: $143 | Target: $144 |
| Aug 27, 2026 | Truist Financial | Target | Target: $140 | Target: $155 |
| Aug 6, 2026 | Wells Fargo | Reiterate | Rating: —Target: $135 | Target: $140 |
| Jul 1, 2026 | Barclays | Reiterate | Rating: —Target: $127 | Target: $143 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $204.8M · Total debt $19.61B · Total assets $21.96B · Shareholders' equity −$1.28B
- Revenue
- $2.03B
- Operating income
- $373.5M
- Net income
- $101.4M
HistoryDividendAnnual yield
| Institutions | 87.81% | 261.40M shares | |
|---|---|---|---|
| 1,211 holders · as of Jun 30, 2026 | |||
| Insiders | 0.31% | 922.6K shares | |
| 16 holders · as of Sep 2, 2026 | |||
| Other | 11.88% | 35.38M shares | |
| remainder | |||
297.70M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.28% | 33.57M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.59% | 25.57M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.37% | 18.95M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.92% | 17.63M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 4.04% | 12.02M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | William L. Meaney | director, officer: President and CEO | −38,474 | $114.08 |
| Sep 1, 2026 | Greg W. McIntosh | officer: EVP, Chief Commercial Officer | −5,000 | $115.60 |
| Sep 1, 2026 | Mark Kidd | officer: EVP, GM Data Centers & ALM | −6,000 | $115.60 |
| Aug 7, 2026 | William L. Meaney | director, officer: President and CEO | −38,474 | $121.67 |
| Aug 7, 2026 | Mark Kidd | officer: EVP, GM Data Centers & ALM | −6,000 | $122.70 |
- Equinix
Global colo REIT competing head-to-head in enterprise and hyperscale colocation.
- Digital Realty
Data-center REIT; the most direct listed peer to IRM's colo segment.
- WM
Owns Shred-it, North America's largest secure shredder, rivaling IRM shredding.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Iron Mountain | $118.13 | −0.01% | $34.78B | 83.5 | 46.3 | 4.6 | +18.5% |
| Equinix | $1,059.26 | −0.01% | $104.32B | 68.1 | 60.9 | 10.6 | +16.4% |
| Digital Realty | $185.65 | −0.02% | $68.94B | 90.0 | 79.4 | 10.1 | +28.9% |
| WM | $207.84 | +0.10% | $82.76B | 29.3 | 24.3 | 3.2 | +4.0% |
| Median | 68.1 | 60.9 | 10.1 | +16.4% |