Financial Performance
5Y price score: 231
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 280%
US$ Per
Share
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77.7
52-week range
134.6
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
(1.3) %
Dividend Yield TTM
2.8 %
Market cap $
$ 35,971
Price / Earnings TTM
86.4
Price / Book TTM
(28.1)
PEG TTM
0.3
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
35.2 %
192.8 %
280 %
Free cash flow per share growth
80.7 %
(269) %
(437.9) %
Earnings per share growth
326.7 %
(58.8) %
(15.5) %
Founded: 1,951
Employees: 28,850
Business Summary:
Latest Earnings Call Takeaways
2026 Q2 (Aug 5, 2026)
1) Strategy & Leadership
- Iron Mountain reported record-breaking Q2 2026 results, with a 19% YoY revenue increase, driven by strong execution of growth plans.
- The company is focusing on exceptional customer stewardship and expanding its portfolio of growth businesses, including Data Center, Asset Lifecycle Management (ALM), and Digital Solutions.
- The ALM business is expected to grow sustainably at 25% or more annually, supported by a large, fragmented addressable market.
- Recent acquisitions, such as Groupe ATF, are aimed at enhancing capabilities in key markets like France and Belgium, facilitating cross-selling opportunities.
2) Financial & Segment Results
- Q2 2026 revenue reached $2.03 billion, up $317 million YoY, exceeding projections by $65 million.
- Adjusted EBITDA was $727 million, a 16% increase YoY, and AFFO was $433 million, up 17% YoY.
- Segment performance highlights:
| Segment | Revenue (Q2 2026) | YoY Growth |
|-----------------------|-------------------|-------------|
| Global RIM | $1.4 billion | 8% |
| Global Data Center | $263 million | 39% |
| Asset Lifecycle Management | $288 million | 88% |
3) Operational & Product Plans
- The Data Center business grew 39% YoY, with strong leasing activity; 110 megawatts leased year-to-date.
- The ALM business achieved 88% growth, driven by enterprise and hyperscale decommissioning channels.
- Digital Solutions maintained double-digit growth, with more than 45% of revenue now recurring.
- The company is enhancing operational efficiencies through AI and improved procurement strategies, aiming for continued margin expansion.
4) Guidance & Outlook
- Iron Mountain raised its full-year 2026 revenue guidance to $7.94 billion - $8.01 billion, reflecting 16% growth at the midpoint.
- Adjusted EBITDA guidance is now $2.945 billion - $2.975 billion, with AFFO expected between $1.76 billion - $1.78 billion.
- For Q3 2026, revenue is projected at approximately $1.98 billion, with adjusted EBITDA around $745 million, both reflecting 13% increases YoY.
5) Problems / Headwinds
- The company noted a slight negative impact from foreign exchange rates, contributing approximately $14 million less in revenue than previously assumed.
- While the Data Center leasing market is strong, the nature of large leases can lead to lumpiness in revenue recognition.
Bottom line: Iron Mountain's strong Q2 performance, driven by robust growth in its Data Center, ALM, and Digital Solutions segments, positions the company well for sustained double-digit growth. The raised guidance reflects confidence in continued operational execution and market demand, making it an attractive prospect for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteIron Mountain — Financial Overview, Stock Price, Market Cap
Iron Mountain is a company. Founded in 1951. As of August 26, 2026, the company's market capitalization is $35970733933 with a current stock price of $120.90.