Iron Mountain Inc. (IRM)

Name: Iron Mountain Inc. (IRM): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Iron Mountain Inc. (IRM) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 18.5% on the same quarter a year earlier. Net income was $101 million, and diluted earnings per share $0.34. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$2.0 billionup 18.5%

Net income$101 million

Diluted EPS$0.34

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a

ROCEn/a

Operating margin18.8%

Net margin5.5%

FCF margin-6.5%

Interest cover1.62

Debt to equityn/a

Cash conversion3.95

Share count, 1 year0.8%

Sales CAGR, 3 years10.6%

Profit CAGR, 3 years-36.2%

EPS, TTM$1.41

At the close of 21 September 2026

Price$116.89

Market cap$34.8 billion

Stock P/E82.90

Price to bookn/a

EV / EBITDA20.71

Dividend yield2.9%

Market cap / sales4.60

52-week high$133.06

52-week low$78.86

Price, 1 year17.0%

Price CAGR, 3 years23.6%

Price CAGR, 5 years21.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Iron Mountain Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IRM

Filings	17 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 material agreement; 2 new financial obligation; 2 other events; 1 shareholder vote
Planned insider sales	35 Form 144 notices in twelve months, $120.4 million; latest 1 September 2026
Options tape	put/call 0.47 by open interest on 23 September 2026; the straddle prices a 2.7% move to 25 September 2026
Holders	8 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading	60 sales and 0 purchases on Form 4 in twelve months
Congress	0 House trades disclosed in six months
Short interest	6.5 million shares short, 4.75 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,388	1,420	1,477	1,534	1,557	1,581	1,593	1,712	1,754	1,843	1,936	2,029
SG&A	315	315	319	345	342	333	330	390	335	338	373	402
Operating income	238	231	246	230	251	282	254	260	309	341	395	374
Operating margin	17%	16%	17%	15%	16%	18%	16%	15%	18%	19%	20%	18%
Interest expense	n/a	n/a	165	177	186	194	195	205	210	220	224	223
Pre-tax income	101	38.2	93.6	47.9	-21.3	124	31.1	-27.0	103	104	176	121
Tax rate	10%	24%	18%	28%	n/a	15%	48%	n/a	16%	11%	15%	12%
Net income	91.0	28.5	74.1	35.8	-33.6	104	16.0	-44.9	84.3	89.3	144	101
Net margin	7%	2%	5%	2%	-2%	7%	1%	-3%	5%	5%	7%	5%
Diluted EPS	$0.31	$0.10	$0.25	$0.12	-$0.11	$0.35	$0.05	-$0.15	$0.28	$0.31	$0.48	$0.34
Operating cash flow	220	447	130	382	253	432	197	375	268	500	339	549
Capital expenditure	362	377	381	397	396	618	675	557	524	516	518	588
Free cash flow	-141	70.3	-251	-14.6	-143	-186	-477	-182	-256	-16.2	-179	-38.9
Dividends paid	181	190	198	191	191	210	223	232	232	232	276	257
Shares outstanding	292m	292m	293m	293m	293m	294m	295m	295m	296m	296m	297m	298m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

	FY2016	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Revenue	3,511	3,846	4,226	4,263	4,147	4,492	5,104	5,480	6,150	6,902	7,562
Selling, general and administrative	988	937	1,007	992	949	1,023	1,141	1,236	1,340	1,394	1,449
Operating income	502	634	808	781	935	854	1,050	922	1,010	1,164	1,418
Operating margin	14.3%	16.5%	19.1%	18.3%	22.5%	19.0%	20.6%	16.8%	16.4%	16.9%	18.8%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	488	586	722	829	877
Pre-tax income	n/a	n/a	n/a	n/a	373	629	632	227	245	211	504
Income tax	44.9	23.0	42.8	59.9	29.6	176	69.5	39.9	60.9	58.9	69.7
Effective tax rate	n/a	n/a	n/a	n/a	7.9%	28.0%	11.0%	17.6%	24.9%	27.9%	13.8%
Net income	105	170	354	267	343	450	557	184	180	145	419
Net margin	3.0%	4.4%	8.4%	6.3%	8.3%	10.0%	10.9%	3.4%	2.9%	2.1%	5.5%
Diluted EPS	$0.42	$0.69	$1.27	$0.93	$1.19	$1.55	$1.90	$0.63	$0.61	$0.49	$1.41
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2016	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Operating cash flow	544	721	936	967	988	759	928	1,114	1,197	1,340	1,655
Capital expenditure	329	343	460	693	438	611	875	1,339	1,792	2,272	2,146
Free cash flow	215	378	475	274	549	148	52.3	-226	-595	-932	-491
Free cash flow margin	6.1%	9.8%	11.3%	6.4%	13.2%	3.3%	1.0%	-4.1%	-9.7%	-13.5%	-6.5%
Depreciation and amortisation	452	522	640	658	652	680	728	776	901	1,024	1,089
Share-based compensation	29.0	30.0	31.2	35.7	37.7	61.0	56.9	73.8	118	140	139
Dividends paid	506	440	674	705	716	718	724	738	790	919	997
Dividend per share	$2.04	$2.27	$2.38	$2.45	$2.47	$2.47	$2.47	$2.54	$2.73	$3.22	$3.38
Diluted shares, weighted	247m	267m	287m	288m	289m	291m	292m	294m	296m	298m	300m
Shares outstanding at period end	264m	283m	286m	287m	288m	290m	291m	292m	294m	296m	298m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2016	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Total assets	9,487	10,972	11,852	13,817	14,149	14,450	16,141	17,474	18,717	21,125	21,955
Cash and equivalents	236	926	165	194	205	256	142	223	156	159	205
Receivables	691	836	847	851	859	961	1,175	1,260	1,291	1,444	1,487
Inventory	n/a	n/a	n/a	n/a	n/a	0.0	11.7	n/a	n/a	n/a	n/a
Goodwill	3,905	4,070	4,441	4,485	4,558	4,464	4,883	5,018	5,084	5,286	5,267
Long-term debt	6,251	7,043	8,143	8,665	8,703	9,272	10,569	11,933	13,719	16,432	17,350
Long-term debt including finance leases	6,078	6,897	8,016	8,276	8,510	8,963	10,481	11,812	13,004	16,216	17,129
Borrowings, as the company tags them	6,319	7,130	8,229	8,752	8,797	9,364	10,650	12,035	13,836	16,544	17,482
Operating lease liabilities	n/a	n/a	0.0	1,729	2,045	2,171	2,429	2,562	2,335	2,300	2,265
Finance lease liabilities	n/a	n/a	n/a	321	323	316	289	311	278	471	491
Shareholders' equity	1,937	2,297	1,861	1,464	1,137	856	637	212	-503	-981	-1,281
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	n/a	10.7%	10.6%	17.4%
Profit growth, compounded	n/a	-15.9%	-36.2%	912.6%
Return on equity, average	n/a	n/a	n/a	n/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Real Estate Investment Trusts

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Welltower Inc. WELL	$164.0 billion	115.80	3.2%	-2.8%	37.6%	0.41	1.2%
Prologis, Inc. PLD	$126.6 billion	34.21	6.9%	52.4%	6.7%	0.65	0.0%
Equinix Inc. EQIX	$104.3 billion	68.03	10.7%	21.8%	9.6%	1.38	1.9%
American Tower Corp. AMT	$81.4 billion	23.98	91.4%	44.8%	6.6%	8.59	3.9%
Simon Property Group Inc. SPG	$66.4 billion	14.46	104.1%	47.4%	15.0%	6.47	4.2%
Digital Realty Trust, Inc. DLR	$65.0 billion	49.42	5.9%	11.5%	12.6%	0.92	n/a
Realty Income Corp. O	$53.6 billion	41.35	3.2%	20.1%	10.9%	0.63	5.7%
Public Storage PSA	$52.1 billion	28.34	22.2%	39.0%	3.0%	1.11	4.0%
Ventas, Inc. VTR	$44.6 billion	161.17	1.8%	3.3%	21.5%	0.87	2.2%
Iron Mountain Inc. IRM	$34.8 billion	82.90	n/a	18.8%	17.4%	n/a	2.9%
Crown Castle Inc. CCI	$31.2 billion	n/a	n/a	n/a	n/a	n/a	5.8%
Extra Space Storage Inc. EXR	$29.0 billion	30.41	7.2%	40.9%	4.2%	1.88	4.7%
Vici Properties Inc. VICI	$26.5 billion	9.32	9.5%	n/a	4.4%	0.58	7.5%
Vivmark Residential VMRK	$22.8 billion	19.48	11.2%	57.7%	4.3%	0.58	3.5%
SBA Communications Corp. SBAC	$18.7 billion	19.00	n/a	47.6%	5.4%	n/a	n/a
Essex Property Trust, Inc. ESS	$17.4 billion	42.27	7.8%	32.5%	4.7%	1.20	3.8%
Host Hotels & Resorts, Inc. HST	$15.3 billion	14.87	16.1%	14.6%	4.9%	0.19	4.3%
Weyerhaeuser Co. WY	$15.1 billion	31.36	5.0%	12.3%	-2.6%	0.56	4.0%
Kimco Realty Corp. KIM	$15.1 billion	25.01	5.9%	36.0%	4.4%	0.81	4.5%
Healthpeak Properties, Inc. DOC	$14.3 billion	59.20	3.1%	5.1%	5.5%	1.28	5.9%
MID America Apartment Communities Inc. MAA	$13.8 billion	36.02	7.0%	62.0%	0.8%	1.02	5.1%
Regency Centers Corp. REG	$13.4 billion	n/a	7.9%	72.3%	7.8%	0.73	3.9%
Udr, Inc. UDR	$11.0 billion	23.05	14.9%	38.5%	2.1%	1.72	5.1%
Bxp, Inc. BXP	$10.2 billion	34.48	5.8%	28.3%	1.9%	0.57	4.8%
Camden Property Trust CPT	$9.9 billion	32.72	8.6%	n/a	56.8%	1.28	4.3%
Federal Realty Investment Trust FRT	$9.6 billion	19.17	15.3%	53.6%	7.4%	0.41	4.0%
Alexandria Real Estate Equities, Inc. ARE	$9.3 billion	n/a	-6.6%	-69.8%	-8.4%	0.82	8.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	5 August 2026	EDGAR
10-Q	31 March 2026	30 April 2026	EDGAR
10-K	31 December 2025	12 February 2026	EDGAR
10-Q	30 September 2025	5 November 2025	EDGAR
10-Q	30 June 2025	6 August 2025	EDGAR
10-Q	31 March 2025	1 May 2025	EDGAR
10-K	31 December 2024	14 February 2025	EDGAR
10-Q	30 September 2024	6 November 2024	EDGAR
10-Q	30 June 2024	1 August 2024	EDGAR
10-Q	31 March 2024	2 May 2024	EDGAR

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