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Iron Mountain IRM Non-Controlling Interests

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Other financials

Income statement

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Revenue$2.0B+18.5%
Gross profit$1.1B+11.8%
Operating income$373.5M+43.7%
Net income$106.1M+345%
EPS (diluted)$0.34+327%

Balance sheet

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Cash & equivalents$204.8M-6.1%
Total debt$20.4B+10.3%
Total equity-$1.3B-66.9%
Total assets$22.0B+8.8%

Cash flow

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Operating cash flow$549.3M+46.4%
CapEx$588.2M+5.6%
Free cash flow-$38.9M+78.6%

Valuation

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Market cap$36.31B+36.7%
Enterprise value$56.54B+26.0%
P/E83.6×-508×
P/S4.8×+0.7×

Profitability

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Gross margin54.2%-1.8pp
Operating margin18.8%+2.5pp
Net margin5.7%+5.0pp
FCF margin-6.5%-2.4pp

Returns & leverage

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Return on equity70.5%-19.4pp
Debt / equity855.6×+830×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The source filing: Iron Mountain’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001020569-26-000071
Line itemJUNE 30, 2026DECEMBER 31, 2025
Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 297,662,013 and 295,788,645 shares as of June 30, 2026 and December 31, 2025, respectively)2,9772,958
Additional paid-in capital4,821,5274,790,190
(Distributions in excess of earnings) Earnings in excess of distributions(5,690,140)(5,405,147)
Accumulated other comprehensive items, net(415,284)(369,008)
Total Iron Mountain Incorporated Stockholders' (Deficit) Equity(1,280,920)(981,007)
Noncontrolling Interests325,915271,676
Total (Deficit) Equity(955,005)(709,331)
Total Liabilities and (Deficit) Equity$21,955,442$21,125,019

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Iron Mountain's non-controlling interests?
Iron Mountain (IRM) reported non-controlling interests of $325.92M in Q2 2026.
How has Iron Mountain's non-controlling interests changed year-over-year?
Iron Mountain's non-controlling interests increased by 64.1% year-over-year, from $198.57M to $325.92M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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