# Iron Mountain share price today (Iron Mountain Incorporated, IRM)

> Iron Mountain Incorporated's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. IRM · Real Estate · REIT - Specialty · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/irm

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $116.69 (+13.3% in a year)
- P/E: 83.2× (lower than 59% of the last 4.6 years)
- Revenue (Jun 2026): $2.0 B (+18.5% on a year ago)
- Profit (Jun 2026): $106 M
- Operating margin: 19.1% (+0.8 points on a year ago)
- ROE: −24%, FY25
- ROIC: 5.3%, against a 8.2% cost of capital: −2.9 points

The main question: the share price moved +13.3% in a year while yearly earnings per share moved −19.8%. The difference came from the market paying a higher multiple. ## What is the Iron Mountain share price today? Iron Mountain Incorporated's share price was $116.69 at the close on 3 November 2026. It has been rising for 2 weeks. That is 1.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between $80 and $132, and at that close it sat 70% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 15 weeks running. Over the last 10 years the share price moved +193% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Iron Mountain pay? Iron Mountain Incorporated paid $3.38 per share over the last four reported quarters. The most recent declaration was $0.86 for Jun 2026. At today's price of $116.69 that is a yield of 2.90%, based on dividends already paid, not a forecast. ## Which stock lists is Iron Mountain on? Iron Mountain is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is Iron Mountain profitable? Iron Mountain Incorporated earned $106 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $152 M. Over 4 years profit has grown −23.8% a year on average. That is 5.2% of the quarter's revenue. The same quarter a year earlier lost $43.3 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $152 M (−17.1% on the year before). ## How much revenue does Iron Mountain make, and is it growing? Iron Mountain Incorporated reported $2.0 B of revenue in the Jun 2026 quarter, +18.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 11.3% a year on average. The last full year, FY25, came in at $6.9 B. The last four reported quarters add to $7.6 B. FY25 revenue was $6.9 B, +12.2% on the year before. Recent pace: the last four quarters grew +17.3% on average, against 11.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +17.4%, against +14.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +867.3%, against +36.8% a year (accelerating). ## How much of every $100 of sales does Iron Mountain keep? Iron Mountain Incorporated's operating margin was 19.1% in the Jun 2026 quarter, 0.8 percentage points higher than the same quarter a year ago. Across 5 years it has been between 19.7% and 20.5%. The latest quarter is below every full year in that period. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Iron Mountain's profit turning into cash? Over the last 3 years, 698% of Iron Mountain Incorporated's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.3 B of operating cash against $152 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Iron Mountain's cash go? Iron Mountain Incorporated does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Iron Mountain's P/E ratio, and how does it compare with its own history? Iron Mountain Incorporated's P/E is 83.2×, in the middle of its own history: higher than 41% of past readings. Its usual P/E (the middle reading) is 114.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −19.8% while the price moved +13.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +23.6% a year; about +14.2% a year came from earnings growth and about +9.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Iron Mountain business getting better or worse? Iron Mountain Incorporated's business is giving mixed signals. There is no clear direction across the growth lines; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Iron Mountain earn on its capital? Iron Mountain Incorporated earned a ROE of −24% in FY25. That is up from a low of −81% in FY24. Its return on capital used (ROIC) is 2.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 2.2% net margin and 0.33× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 2.2% net margin × 0.33× asset turnover × −32.76× leverage (assets divided by equity) ≈ −23.8% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 5.3% − 8.2% = −2.9 percentage points. The 8.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 5.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY23 at 6.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Iron Mountain have too much debt? Iron Mountain Incorporated's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 12.59 in FY21 to −29.54 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Iron Mountain shareholding pattern? 2.4% of Iron Mountain Incorporated's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Iron Mountain from balance-sheet trouble? For Iron Mountain Incorporated, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Iron Mountain rank in its industry? 58.5 out of 100, rank 7 of 17 in REIT - Specialty, with 55% of the evidence available. Iron Mountain Incorporated scores 58.5 out of 100 against the 17 companies it is compared with in REIT - Specialty, ranking 7. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 20.3 + 12.2 + 9.8 + 16.2 = 58.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Iron Mountain compared with? Iron Mountain ranks 7 of 17 REIT - Specialty companies on the 4-Factor Sector Score, with 58.5 out of 100. 1. [American Tower Corporation](https://www.sectoralpha.in/us/stocks/amt) AMT · breaking out · Most evidence points up · 76% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 6.7% · Profit 100% · 71% evidence Capital efficiency 18.7/25 · ROA 5% · ROE 34.3% · GNPA n/a · 68% evidence Valuation 9.5/20 · P/BV 7.43× · P/BV÷ROE 0.22 · 70% evidence Relative strength 15.8/20 · Lead over its industry 15.3% · Lead over S&P 500 -0.2% · 1 year 5.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23 + 18.7 + 9.5 + 15.8 = 67 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) GLPI · basing · Evidence leans up · 76% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Income 5.8% · Profit 34.8% · 71% evidence Capital efficiency 19.7/25 · ROA 6.2% · ROE 19.1% · GNPA n/a · 68% evidence Valuation 14.3/20 · P/BV 2.35× · P/BV÷ROE 0.12 · 70% evidence Relative strength 6.9/20 · Lead over its industry -2.7% · Lead over S&P 500 -16% · 1 year -12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.7 + 14.3 + 6.9 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OUTFRONT Media Inc.](https://www.sectoralpha.in/us/stocks/out) OUT · turning · Evidence leans up · 76% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Income 7.7% · Profit 100% · 71% evidence Capital efficiency 13.2/25 · ROA 2.7% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 4.5/20 · P/BV 8.01× · P/BV÷ROE 0.74 · 70% evidence Relative strength 18.6/20 · Lead over its industry 24.8% · Lead over S&P 500 8.2% · 1 year 60.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 26.6 + 13.2 + 4.5 + 18.6 = 62.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) CCI · turning · Too little evidence to rank firmly · 57% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Income -5.3% · Profit n/a · 52% evidence Capital efficiency 18.4/25 · ROA 4.5% · ROE 47.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV -8.28× · P/BV÷ROE n/a · 10% evidence Relative strength 15.1/20 · Lead over its industry 13.1% · Lead over S&P 500 -2.2% · 1 year -3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.9 + 18.4 + 10.9 + 15.1 = 62.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [EPR Properties](https://www.sectoralpha.in/us/stocks/epr) EPR · quiet · Evidence leans up · 76% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 5.4% · Profit 52.9% · 71% evidence Capital efficiency 15.3/25 · ROA 4% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 12.0/20 · P/BV 1.92× · P/BV÷ROE 0.18 · 70% evidence Relative strength 16.3/20 · Lead over its industry 16.2% · Lead over S&P 500 0.7% · 1 year 16.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.5 + 15.3 + 12 + 16.3 = 61.1 · What this means: Relative strength against the index is 0.7%, and revenue and profit growth are weak. 6. [Equinix, Inc.](https://www.sectoralpha.in/us/stocks/eqix) EQIX · quiet · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Income 10.9% · Profit 54.2% · 71% evidence Capital efficiency 15.6/25 · ROA 3.7% · ROE 11.7% · GNPA n/a · 68% evidence Valuation 5.3/20 · P/BV 7.14× · P/BV÷ROE 0.61 · 70% evidence Relative strength 14.5/20 · Lead over its industry 15.8% · Lead over S&P 500 0.2% · 1 year 23% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 15.6 + 5.3 + 14.5 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Iron Mountain Incorporated this page IRM · quiet · Too little evidence to rank firmly · 55% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Income 17.4% · Profit 100% · 45% evidence Capital efficiency 12.2/25 · ROA 4.8% · ROE -1330.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV -42.14× · P/BV÷ROE n/a · 10% evidence Relative strength 16.2/20 · Lead over its industry 17.2% · Lead over S&P 500 1.5% · 1 year 12.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 12.2 + 9.8 + 16.2 = 58.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) LAMR · quiet · Evidence leans up · 76% evidence 58.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Income 4.1% · Profit 26.6% · 71% evidence Capital efficiency 19.0/25 · ROA 4.8% · ROE 40.6% · GNPA n/a · 68% evidence Valuation 5.5/20 · P/BV 15.9× · P/BV÷ROE 0.39 · 70% evidence Relative strength 17.7/20 · Lead over its industry 21.1% · Lead over S&P 500 5.1% · 1 year 24.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 19 + 5.5 + 17.7 = 58.4 · What this means: Relative strength against the index is 5.1%, and revenue and profit growth are weak. 9. [SBA Communications Corporation](https://www.sectoralpha.in/us/stocks/sbac) SBAC · turning · Too little evidence to rank firmly · 54% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 5.3% · Profit 12.6% · 62% evidence Capital efficiency 17.6/25 · ROA 7.9% · ROE n/a · GNPA n/a · 42% evidence Valuation 9.8/20 · P/BV -4.12× · P/BV÷ROE n/a · 10% evidence Relative strength 12.8/20 · Lead over its industry 6.1% · Lead over S&P 500 -8.3% · 1 year -6.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.8 + 17.6 + 9.8 + 12.8 = 53 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) DLR · quiet · Evidence leans down · 76% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Income 18.8% · Profit -43.5% · 71% evidence Capital efficiency 10.8/25 · ROA 1.4% · ROE 2.8% · GNPA n/a · 68% evidence Valuation 4.4/20 · P/BV 2.17× · P/BV÷ROE 0.78 · 70% evidence Relative strength 11.6/20 · Lead over its industry 11.1% · Lead over S&P 500 -3.8% · 1 year 6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.8 + 4.4 + 11.6 = 43.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rayonier Inc.](https://www.sectoralpha.in/us/stocks/ryn) RYN · basing · Evidence leans down · 64% evidence 42.4 out of 100 Growth Capital Valuation Relative
12. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) WY · basing · Evidence leans down · 76% evidence 41.1 out of 100 Growth Capital Valuation Relative
13. [Uniti Group Inc.](https://www.sectoralpha.in/us/stocks/unit) UNIT · quiet · Too little evidence to rank firmly · 52% evidence 37.6 out of 100 Growth Capital Valuation Relative
14. [Gladstone Land Corporation](https://www.sectoralpha.in/us/stocks/land) LAND · quiet · Too little evidence to rank firmly · 55% evidence 35.8 out of 100 Growth Capital Valuation Relative
15. [Farmland Partners Inc.](https://www.sectoralpha.in/us/stocks/fpi) FPI · quiet · Most evidence points down · 76% evidence 25.7 out of 100 Growth Capital Valuation Relative
16. Blackstone Digital Infrastructure Trust Inc. BXDC · quiet · Too little evidence to rank firmly · 0% evidence 50.0 out of 100 Growth Capital Valuation Relative
17. Fermi Inc. FRMI · quiet · Too little evidence to rank firmly · 33% evidence 34.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Specialty](https://www.sectoralpha.in/us/sectors/reit-specialty), all 17 compared on one page. ## Which companies are close to Iron Mountain in size? Iron Mountain is the 5th largest of 15 REIT - Specialty companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: American Tower Corporation, Digital Realty Trust, Inc. and Crown Castle Inc. Just below it: SBA Communications Corporation, Lamar Advertising Company and Weyerhaeuser Company. ### REIT - Specialty companies close in size

1. [American Tower Corporation](https://www.sectoralpha.in/us/stocks/amt) $86.9 billion
2. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) $69.4 billion
3. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) $36.9 billion
4. Iron Mountain Incorporated $34.7 billion
5. [SBA Communications Corporation](https://www.sectoralpha.in/us/stocks/sbac) $19.6 billion
6. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) $15.9 billion
7. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) $14.8 billion

[All 15 REIT - Specialty companies, largest first](https://www.sectoralpha.in/us/sectors/reit-specialty#all-companies)

### Companies close in size in other industries

1. [Sunbelt Rentals Holdings, Inc.](https://www.sectoralpha.in/us/stocks/sunb) $34.3 billion · Rental & Leasing Services
2. [EQT Corporation](https://www.sectoralpha.in/us/stocks/eqt) $34.3 billion · Oil & Gas Exploration & Production
3. Iron Mountain Incorporated $34.3 billion
4. [Illumina, Inc.](https://www.sectoralpha.in/us/stocks/ilmn) $34.3 billion · Diagnostics & Research
5. [Extra Space Storage Inc.](https://www.sectoralpha.in/us/stocks/exr) $34 billion · REIT - Industrial

## What else do people ask about Iron Mountain? ### What were Iron Mountain's latest quarterly results? Iron Mountain Incorporated reported revenue of $2.0 B and net profit of $106 M for the Jun 2026 quarter. Earnings per share were $0.34. The operating margin was 19.1%, 0.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Iron Mountain's market cap? Iron Mountain Incorporated's market capitalisation is $34.7 B at a stock price of $116.69. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Iron Mountain performing? Iron Mountain Incorporated's share price has been rising for 2 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 15 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Iron Mountain's stock price go up? This page does not forecast Iron Mountain Incorporated's stock price. What it shows instead: the stock price is $116.69, and it has been rising for 2 weeks. Its P/E of 83.2× is higher than 41% of its own last 5 years (as of 3 November 2026). ### Where is Iron Mountain in its business cycle? Iron Mountain Incorporated's FY25 operating margin was 20.3%, against a 5-year range of 19.7% to 20.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Iron Mountain story? The main question: the share price moved +13.3% in a year while yearly earnings per share moved −19.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Iron Mountain a stock worth studying right now? What the numbers show: Iron Mountain Incorporated's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

This is research, not advice. We’re not SEBI-registered.