What is Iron Mountain's market cap?

Iron Mountain (IRM) has a market capitalization of $34.4B and trades on NYSE.

What is Iron Mountain's revenue and profitability?

Iron Mountain generated $7.2B in trailing twelve-month revenue with net income of $285.0M, representing a net margin of 3.9%. Gross margin stands at 55.0%, with free cash flow of -$633.6M. These figures are based on the Q1 2026 filing.

Who are Iron Mountain's competitors?

Iron Mountain's key competitors include Equinix, Digital Realty Trust, OpenText, and others. These companies compete in similar markets and product categories.

What subsidiaries does Iron Mountain have?

Iron Mountain's subsidiaries include Iron Mountain Information Management, LLC.

Where is Iron Mountain headquartered?

Iron Mountain is headquartered in United States of America and employs approximately 27,000 people. It has been publicly traded since 1996.

Iron Mountain

IRM

Iron Mountain is a global leader in information management services, operating as a real estate investment trust (REIT).

Market cap

$34.35B+15.6%

Revenue$7.2B+15.6%

Net income$285.0M+132%

Free cash flow-$633.6M+22.8%

EPS (diluted)$0.91+122%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$1.9BBeat by $74.5M EPS$1.43Beat by $0.93

Read the full report

Next report

Aug 5, 2026 (In 3 weeks)

Revenue estimate$2.0B

EPS estimate$0.54

Financials

Q1 2026

Income statement

See full

Revenue$1.9B+21.6%

Gross profit$1.0B+18.6%

Operating income$395.2M+55.4%

Net income$149.0M+818%

EPS (diluted)$0.48+860%

Balance sheet

See full

Cash & equivalents$250.7M+61.4%

Total debt$20.2B+13.6%

Total equity-$1.2B-73.9%

Total assets$21.5B+11.0%

Cash flow

See full

Operating cash flow$338.6M+71.6%

CapEx$518.0M-23.2%

Free cash flow-$179.5M+62.4%

Valuation & ratios

Valuation

See full

Market cap$34.35B+15.6%

Enterprise value$54.29B+13.0%

P/E120.5×-541×

P/S4.7×+0.1×

Profitability

See full

Gross margin55%-1.0pp

Operating margin18%+1.8pp

Net margin3.9%+2.0pp

FCF margin-8.7%-2.2pp

Returns & leverage

See full

Current ratio0.8×+0.2×

Segments

By product

See full

Records Management$1.2B+13.6%

Information Destruction$382.9M+45.8%

Data Center$254.7M+47.1%

Data Management$123.0M+0.7%

By segment

See full

GLOBAL RIM BUSINESS$1.4B+11.8%

CORPORATE AND OTHER$277.3M+69.7%

GLOBAL DATA CENTER BUSINESS$254.7M+47.1%

Competitors

By market cap

Equinix, Inc.$100.20B+30.2%

Digital Realty$65.2B+12.2%

Iron Mountain$34.4B+15.6%

Cipher Digital, Inc. $8.9B+298%

Open Text$5.5B-29.5%

DXC Technology$1.6B-47.4%

Insight Digital Partners II $231.4M—

Intellinetics$27.1M-47.4%

By revenue growth

Cipher Digital, Inc. +38.0%

Iron Mountain+15.6%

By net margin

Digital Realty21.41%+10.6pp

Equinix, Inc.15.07%+4.4pp

Open Text9.91%-2.6pp

Iron Mountain3.93%+2.0pp

DXC Technology3.34%—

Cipher Digital, Inc. -427.79%-361pp

Profile

Iron Mountain is a global leader in information management services, operating as a real estate investment trust (REIT). The company provides a comprehensive suite of solutions that bridge physical and digital assets, including records management, data center operations, and asset lifecycle management. They leverage a vast global footprint to help organizations protect, store, and extract value from their information while ensuring security and regulatory compliance.

Competitive position

A dominant global leader in physical records management with a significant and growing presence in the hyperscale data center and digital transformation markets.

GeographiesNorth America, Central Europe, Eastern Europe, Latin America, Asia, Middle East, Africa

Customer segmentsFortune 1000, Government Agencies, Financial Institutions, Healthcare Providers

Business modelB2B Service Provider, Leasing and Rental, Subscription SaaS, REIT

SuppliersReal estate developers, IT hardware manufacturers, Energy providers, Security technology vendors

CustomersGlobal enterprises, Public sector entities, Hyperscale cloud platforms, Regulated industries (Healthcare, Finance, Legal)

CountryUnited States of America

Listed1996

Employees27.0K

CEOWilliam L. Meaney

SectorReal Estate

IndustryREIT - Specialty

Websiteironmountain.com

FilingsSEC EDGAR

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Questions, answered.

What is Iron Mountain's market cap?: Iron Mountain (IRM) has a market capitalization of $34.4B and trades on NYSE.
What is Iron Mountain's revenue and profitability?: Iron Mountain generated $7.2B in trailing twelve-month revenue with net income of $285.0M, representing a net margin of 3.9%. Gross margin stands at 55.0%, with free cash flow of -$633.6M. These figures are based on the Q1 2026 filing.
Who are Iron Mountain's competitors?: Iron Mountain's key competitors include Equinix, Digital Realty Trust, OpenText, and others. These companies compete in similar markets and product categories.
What subsidiaries does Iron Mountain have?: Iron Mountain's subsidiaries include Iron Mountain Information Management, LLC.
Where is Iron Mountain headquartered?: Iron Mountain is headquartered in United States of America and employs approximately 27,000 people. It has been publicly traded since 1996.