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Iron Mountain $IRM

Real Estate · Other Specialized REITs · NYSE/NASDAQ

S&P 500 Russell 1000 New Hampshire

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$112.68

+1.82 (+1.64%)

As of Oct 15, 2026, 10:53 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Aug 27, 2026, the first target we tracked for IRM.

Iron Mountain (IRM) is trading up at $112.68 (+1.64%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.

Analyst price targets on IRM

One firm's current price target on Iron Mountain: $155 — 38% above the current $113. Each is tracked to its date and scored the same way a member's call is.

Truist Securities $123 → $155 by Aug 2027 Buy Aug 27, 2026 via Investing.com · Truist Securities's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Iron Mountain revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Iron Mountain annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$3.51B	$3.85B	$4.23B	$4.26B	$4.15B	$4.49B	$5.10B	$5.48B	$6.15B	$6.90B
Growth (year over year)	+16.7%	+9.5%	+9.9%	+0.9%	−2.7%	+8.3%	+13.6%	+7.4%	+12.2%	+12.2%
Gross profit	—	$2.18B	$2.43B	$2.43B	$2.39B	$2.60B	$2.91B	$3.12B	$3.45B	$3.82B
Gross margin	—	56.7%	57.5%	57.0%	57.6%	58.0%	57.1%	57.0%	56.2%	55.4%
Operating income	$501.6M	$634.1M	$808.3M	$781.3M	$934.8M	$854.2M	$1.05B	$921.8M	$1.01B	$1.16B
Operating margin	14.3%	16.5%	19.1%	18.3%	22.5%	19.0%	20.6%	16.8%	16.4%	16.9%
Net income	$104.8M	$170.1M	$353.9M	$267.4M	$342.7M	$450.2M	$557.0M	$184.2M	$180.2M	$144.6M
Net margin	3.0%	4.4%	8.4%	6.3%	8.3%	10.0%	10.9%	3.4%	2.9%	2.1%
EPS (diluted)	$0.42	$0.64	$1.23	$0.93	$1.19	$1.55	$1.90	$0.63	$0.61	$0.49
Balance sheet
Cash and equivalents	$236.5M	$925.7M	$165.5M	$193.6M	$205.1M	$255.8M	$141.8M	$222.8M	$155.7M	$158.5M
Total assets	$9.49B	$11.0B	$11.9B	$13.8B	$14.1B	$14.5B	$16.1B	$17.5B	$18.7B	$21.1B
Total liabilities	$7.55B	$8.69B	$9.99B	$12.4B	$13.0B	$13.6B	$15.5B	$17.3B	$19.0B	$21.8B
Long-term debt	$6.08B	$6.90B	$8.02B	$8.28B	$8.51B	$8.96B	$10.5B	$11.8B	$13.0B	$16.2B
Shareholders' equity	$1.94B	$2.30B	$1.86B	$1.46B	$1.14B	$856.0M	$636.7M	$211.6M	−$503.1M	−$981.0M
Cash flow
Operating cash flow	$543.9M	$721.0M	$935.5M	$966.7M	$987.7M	$758.9M	$927.7M	$1.11B	$1.20B	$1.34B
Capital expenditure	$328.6M	$343.1M	$460.1M	$693.0M	$438.3M	$611.1M	$875.4M	$1.34B	$1.79B	$2.27B
Free cash flow	$215.3M	$377.8M	$475.5M	$273.7M	$549.4M	$147.8M	$52.3M	−$225.7M	−$594.9M	−$931.6M
Dividends paid	$505.9M	$440.0M	$673.6M	$704.5M	$716.3M	$718.3M	$724.4M	$737.6M	$789.5M	$919.4M

RevenueNet incomeNet margin (right axis, %)

Iron Mountain quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$1.56B	$1.58B	$1.59B	$1.71B	$1.75B	$1.84B	$1.94B	$2.03B
Growth (year over year)	+12.2%	+11.4%	+7.8%	+11.6%	+12.6%	+16.6%	+21.6%	+18.5%
Gross profit	$879.0M	$892.3M	$882.3M	$957.1M	$962.2M	$1.02B	$1.05B	$1.07B
Gross margin	56.4%	56.4%	55.4%	55.9%	54.9%	55.4%	54.0%	52.8%
Operating income	$251.2M	$282.4M	$254.3M	$259.9M	$308.6M	$341.0M	$395.2M	$373.5M
Operating margin	16.1%	17.9%	16.0%	15.2%	17.6%	18.5%	20.4%	18.4%
Net income	−$33.6M	$103.9M	$16.0M	−$44.9M	$84.3M	$89.3M	$143.7M	$101.4M
Net margin	−2.2%	6.6%	1.0%	−2.6%	4.8%	4.8%	7.4%	5.0%
EPS (diluted)	−$0.11	$0.35	$0.05	−$0.15	$0.28	$0.31	$0.48	$0.34
Balance sheet
Cash and equivalents	$168.5M	$155.7M	$155.3M	$218.0M	$195.2M	$158.5M	$250.7M	$204.8M
Total assets	$18.5B	$18.7B	$19.4B	$20.2B	$20.6B	$21.1B	$21.5B	$22.0B
Total liabilities	$18.6B	$19.0B	$19.9B	$20.7B	$21.3B	$21.8B	$22.4B	$22.9B
Long-term debt	$13.2B	$13.0B	$14.2B	$14.8B	$15.5B	$16.2B	$16.9B	$17.1B
Shareholders' equity	−$259.0M	−$503.1M	−$698.5M	−$767.4M	−$882.0M	−$981.0M	−$1.22B	−$1.28B
Cash flow
Operating cash flow	$252.9M	$431.6M	$197.3M	$375.1M	$267.6M	$500.0M	$338.6M	$549.3M
Capital expenditure	$396.1M	$617.6M	$674.8M	$556.8M	$523.9M	$516.2M	$518.0M	$588.2M
Free cash flow	−$143.2M	−$186.0M	−$477.5M	−$181.6M	−$256.3M	−$16.2M	−$179.5M	−$38.9M
Dividends paid	$190.8M	$210.0M	$223.5M	$231.8M	$232.0M	$232.2M	$275.6M	$257.2M

From Iron Mountain's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Iron Mountain

Iron Mountain Inc. is a global enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

Source: Wikipedia — Iron Mountain (company)