profit from every $100 of sales.
$0$100
Iron Mountain
$113.75-0.72% today
+24.5% in 1 year
1-year low $78.861-year high $133.06
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $234.31 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Iron Mountain sold, what it kept, and what it did with the cash.
Sales went from $5.10 billion in 2022 to $6.90 billion in 2025, with $145 million of profit last year.
SalesProfit
Iron Mountain vs. similar companies
Iron Mountain grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Iron Mountain | 234.3× · Very expensive | ||
 Equinix | 77.3× · Very expensive | ||
 American Tower | 35.1× · Expensive | ||
 Digital Realty | 53.0× · Expensive | ||
 Crown Castle | 87.0× · Very expensive |
AI analysis
An AI analyst reads Iron Mountain's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 4,147 | 4,492 | 5,104 | 5,480 | 6,150 | 6,902 | |
| – | – | 2,914 | 3,122 | 3,453 | 3,822 | |
| – | – | 1,046 | 1,110 | 1,213 | 1,404 | |
| 1,587 | 1,535 | 1,874 | 1,619 | 1,907 | 2,115 | |
| 343 | 450 | 557 | 184 | 180 | 145 | |
| 1.19 | 1.55 | 1.90 | 0.63 | 0.61 | 0.49 | |
| – | – | 57.1% | 57.0% | 56.2% | 55.4% | |
| – | – | 20.5% | 20.3% | 19.7% | 20.3% | |
| 8.3% | 10.0% | 10.9% | 3.4% | 2.9% | 2.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 14,149 | 14,450 | 16,141 | 17,474 | 18,717 | 21,125 |
| Cash | 205 | 256 | 142 | 223 | 156 | 159 |
| Total debt | 10,998 | 11,703 | 13,287 | 14,787 | 16,369 | 19,052 |
| Total liabilities | – | – | 15,409 | 17,084 | 18,944 | 21,770 |
| 1,137 | 856 | 637 | 212 | -503 | -981 | |
| 289 | 291 | 292 | 294 | 296 | 298 | |
| 6.1% | 5.4% | 6.4% | 4.3% | 4.9% | 4.6% | |
| 30.1% | 52.6% | 87.5% | 87.0% | -35.8% | -14.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 988 | 759 | 928 | 1,114 | 1,197 | 1,340 | |
| 438 | 611 | 884 | 1,345 | 1,854 | 2,347 | |
| – | – | 44 | -232 | -657 | -1,007 | |
| Dividends paid | 716 | 718 | 724 | 738 | 790 | 919 |
| – | – | – | – | – | – | |
| 38 | 61 | 57 | 74 | 118 | 140 |
Valuation
- 234.3×
- 48.5×
- –
- -32.0×
- 4.9×
- –
- 25.0×
- -3.0%
- 0.4%
- 2.6%
Profitability
- 55.4%
- 20.3%
- 2.1%
- 32.0%
- 4.7%
- 5.2%
- -28.3%
- 1.3%
- 6.2%
- –
Growth
- +10.7%
- −16.3%
- −41.7%
- +5.4%
- +0.6%
Financial health
- 8.9×
- -19.42
- 91.8%
- 1.2×
- 0.74
- 3.72
- 0.34
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 46%of 743
Bottom 30%of 749
Bottom 1%of 663
Top 35%of 759
Bottom 11%of 759
What analysts expect
- Average price target
- $132.33
- Range
- $127.00 – $140.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 1.43 | 0.50 | +185.4% |
| Feb 12, 2026 | 1.44 | 0.59 | +144.9% |
| Nov 5, 2025 | 1.32 | 1.29 | +2.3% |
| Aug 6, 2025 | 1.24 | 1.19 | +4.2% |
| May 1, 2025 | 1.17 | 1.16 | +0.9% |
| Feb 13, 2025 | 1.24 | 1.20 | +3.3% |
| Nov 6, 2024 | 1.13 | 1.11 | +1.8% |
| Aug 1, 2024 | 1.08 | 1.06 | +1.9% |
2.6%of the share price, paid each year
On $1,000 invested$26a year at today's yield, before tax
+5.4%2020 to 2025
Raised3 yearsin a row, in our data
Paid per share, each year
$1.91 in 2015 → $3.22 in 2025
How safe it looks
635.9% of its profit
Room to growStretchedMore than it earns: -98.7%
News
Iron Mountain lifts dividend by 15% to $0.993/shareSeeking Alpha · Nov 5, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
92Pass
Philip Fisher
47No pass
Peter Lynch
19No pass
Joel Greenblatt
41No pass
Charlie Munger
55No pass
Terry Smith
49No pass
Questions about Iron Mountain
Is Iron Mountain a good stock to buy?
A business with weak numbers, priced as if everything goes right. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Iron Mountain AI analysis
What does Iron Mountain do?
Iron Mountain Incorporated partners with more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000. They serve as the trusted guardians of what matters most, helping to unlock what's possible. It is in REIT - Specialty, based in Portsmouth, NH, United States, with 29,400 employees.
Does Iron Mountain pay a dividend?
Yes. At today's price the dividend is 2.6% a year. In 2025 it paid out $919 million in dividends.
Is Iron Mountain stock halal?
No. Iron Mountain does not pass our halal screen: its debt is 56% of its market value, at or above the 33% limit. How we check
How has Iron Mountain stock done over the past year?
Up 24.5% over the past twelve months, to $113.75. It traded between $78.86 and $133.06 and is 14.5% below its high.
Who are Iron Mountain's competitors?
The largest listed companies in the same industry are Equinix, American Tower, Digital Realty and Crown Castle. The peers table on this page compares their profit, growth and price with Iron Mountain's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.