Iron Mountain, Inc. (IRM)

In the past six months, Iron Mountain's stock experienced several notable events, including a share price decline of 15.70% between January 7, 2025, and January 6, 2026. In August 2025, the company reported strong second-quarter results, achieving record quarterly revenue, Adjusted EBITDA, and AFFO, and increased its 2025 financial guidance. In November 2025, Iron Mountain reported its third-quarter earnings, with an EPS of $1.32 against an estimated $1.29, and revenue of $1,754 million compared to an estimated $1,803 million. The company declared a quarterly cash dividend of $0.864 per share, paid on January 6, 2026. As of January 10, 2026, analysts have a "Moderate Buy" consensus rating for Iron Mountain, with a target price of $114.80. In September 2025, Iron Mountain acquired ACT Logistics, an IT asset disposition and technology lifecycle services provider.

Iron Mountain's business model, particularly its core Records and Information Management (RIM) segment, is characterized by high customer retention rates and a subscription-like revenue model, suggesting consistent demand rather than significant seasonality. The company's management has indicated that there is no seasonality that would explain large fluctuations in growth between the first and second halves of the year. The data center market is experiencing robust growth, contributing to its stable revenue streams.

Iron Mountain, Inc. (IRM) is a global enterprise information management services company operating as a REIT, primarily in the Technology and Communications sector. It offers a comprehensive suite of products and services for information management, digital transformation, information security, data center solutions, and asset lifecycle management, including records management, data management, global digital solutions, secure shredding, media and archive services, consumer storage, and art storage and logistics.

Iron Mountain has a significant global presence, serving over 240,000 customers, including approximately 95% of the Fortune 1000, in 58 to 61 countries across North America, Europe, Latin America, Africa, Asia, and Oceania. It operates through a network of over 1,350 to 1,400 facilities worldwide. Its corporate headquarters are in Portsmouth, New Hampshire, United States, with other key office locations in various cities globally.

Iron Mountain has cultivated a reputation for trust and security over its 70-year history. In June 2023, the company launched a new brand identity to reflect its strategic partnership with customers. Iron Mountain's Net Promoter Score (NPS) is -47, with 22% promoters, 9% passives, and 69% detractors, and its product quality score is rated at 2.3 out of 5 by users and customers. The company is recognized for its strong brand reputation and customer relationships and is a member of the FTSE4Good ethical investment stock market index.

Iron Mountain's stock ownership is primarily held by institutional investors, which collectively held 84.6% of the company's shares as of September 2025. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Cohen & Steers, Inc., Geode Capital Management, LLC, and Fmr Llc. The largest individual shareholder is Vincent J. Ryan, who owns 13.21% of the company.