IRM

IRON MOUNTAIN INC

Ticker: IRMReal EstateREITsS&P 500
HQ PORTSMOUTH, NHCIK 1020569FY end 12-31Book / share $-4.28Shares 299M
Revenue (FY)
$6.90B+12.23%
TTM $7.56B
Op. margin
16.86%+0.45%
TTM 18.76%
Net income
$152.25M-17.10%
TTM $434.46M
Operating cash
$1.34B+11.97%
TTM $1.66B
Free cash flow
$-931.63M-56.61%
TTM $-490.92M
Return on equity
-34.71%+33.17%
TTM -32.68%
Debt / equity
-16.75+10.52%
TTM -13.54
Shares outstanding
297.8M+0.53%
TTM 299.3M

The business

Iron Mountain Incorporated (NYSE: IRM) operates as a global leader in information management services, serving more than 240,000 customers across 61 countries. Founded in 1951 in an underground facility near Hudson, New York, the company has evolved from a records storage provider into a diversified enterprise offering comprehensive solutions that span physical and digital information management, data center operations, and asset lifecycle management.

The company generates approximately $6.9 billion in annual revenue through three primary business segments. The Global Records and Information Management Business encompasses records management, data management, global digital solutions including the Insight Digital Experience Platform, secure shredding, media and archive services, and consumer storage offerings. The Global Data Center Business provides enterprise-class facilities and hyperscale-ready capacity, operating 31 data centers across 21 global markets with 488 megawatts of leasable capacity and an additional 852 megawatts under construction or held for development. Corporate and Other includes asset lifecycle management services and fine arts storage, along with corporate functions.

Iron Mountain operates approximately 1,340 locations globally and manages over 98 million square feet of real estate worldwide, with owned properties spanning more than 24 million square feet. The company stores more than 740 million cubic feet of physical volume and maintains a highly diversified customer base with no single customer representing more than approximately three percent of revenue. Approximately 95 percent of the Fortune 1000 trust Iron Mountain with their information management needs.

The company employs approximately 29,400 people globally, with roughly 11,700 in the United States and 17,700 internationally. Iron Mountain operates as a real estate investment trust for federal income tax purposes and is a constituent of the Standard & Poor's 500 Index. The company's website is www.ironmountain.com. The business model emphasizes recurring revenue streams, with contracted storage rental agreements typically ranging from one to five years, complemented by cross-selling opportunities across its integrated solution portfolio serving commercial, legal, financial, healthcare, technology, insurance, life sciences, energy, and government sectors.

Sector
Real Estate
Industry
REITs
HQ
PORTSMOUTH, NH
FY end
12-31
CIK
1020569
SIC
6798
Financial performance · annual
20132025
$-756.25M$1.51B$3.78B$6.05B$8.32B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds IRON MOUNTAIN INC — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

693
funds hold it
0 of 35
superinvestors hold it
$14.39B
fund-held value
38.2%
of shares held by funds
13
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
1.98%$1.38B
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%$1.13B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%$974.14M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.35%$773.57M
iShares Core S&P 500 ETF
IVV · iShares Trust
0.06%$516.94M

Bonds held by funds

Funds report holding 13 issues of IRON MOUNTAIN INC's debt, $3.09B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.52%, maturing 20272035.

IssueCouponMaturesFundsFund-held
IRM 4.5 02/15/31 144A4.500%2031-02-15126$441.09M
Iron Mountain, Inc.5.250%2030-07-15149$423.80M
Iron Mountain Inc6.250%2035-01-15124$383.40M
IRM 7 02/15/29 144A7.000%2029-02-15127$367.22M
IRM 6.25 01/15/33 144A6.250%2033-01-15181$351.31M
Iron Mountain, Inc.5.250%2028-03-15101$314.85M
Iron Mountain, Inc.4.875%2029-09-15109$313.76M
Iron Mountain, Inc.4.875%2027-09-15108$278.79M
IRM 5 07/15/28 144A5.000%2028-07-1575$112.37M
IRM 5.625 07/15/32 144A5.625%2032-07-1576$103.16M

The 10 largest by fund-held value, of 13.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of IRON MOUNTAIN INC's financials

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