Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than ...
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$3.38 per share
Est. EPS $0.61 · Revenue $1.99B · 3 analysts
$3.38 per share
Est. EPS $0.67 · Revenue $2.04B · 3 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $6.9B | +12.2% | +4.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $144.6M | -19.7% | -29.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +25.7% | -54.2% | -2.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +20.4% | +24.1% | -9.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.1% | -28.5% | -32.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-931.6M | -41.7% | +80.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -13.5% | -26.3% | +81.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -1942.0% | +40.3% | +4.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.74x | +34.8% | -5.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $21.1B | +12.9% | +2.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.49 vs 2.00 | -75.5% | 0.34 vs 0.61 | -44.3% |
| Revenue Surprise | $6.9B vs $6.9B | +0.6% | $2.0B vs $2.0B | +1.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Meaney William L | director, officer: President and CEO | Employee Stock Option (Right to Buy) | D | 38,474 | $37.00 |
| Sep 1, 2026 | Meaney William L | director, officer: President and CEO | Common Stock, par value $.01 per share | A | 38,474 | $37.00 |
| Sep 1, 2026 | Meaney William L | director, officer: President and CEO | Common Stock, par value $.01 per share | D | 11,332 | $113.45 |
| Sep 1, 2026 | Meaney William L | director, officer: President and CEO | Common Stock, par value $.01 per share | D | 20,952 | $114.14 |
| Sep 1, 2026 | Meaney William L | director, officer: President and CEO | Common Stock, par value $.01 per share | D | 6,101 | $115.00 |
Operator: Good morning, and welcome to the Iron Mountain Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mark Rupe, Senior Vice President of Investor Relations. Please go ahead. Mark Rupe: Thanks, Bailey. Good morning, everyone, and welcome to our second quarter 2026 earnings conference call. Joining us today are Bill Meaney, our President and Chief Executive Officer; and Barry Hytinen, our Executive Vice President and Chief Financial Officer. After our prepared remarks, we'll open the line for Q&A. Today's call will include forward-looking statements, which are subject to risks and uncertainties. For a discussion of the major risk factors that could cause our actual results to differ from these statements, please refer to today's earnings materials, including the safe harbor language on Slide 2 of the earnings presentation and our annual and quarterly reports on Form 10-K and 10-Q. Each of these items as well as reconciliations of non-GAAP financial measures referenced during this call can be found on our Investor Relations website. With that, I'll turn the call over to Bill. William Meaney: Thank you, Mark, and thank you all for joining us today to discuss our second quarter results. As you saw in this morning's release, our team delivered another outstanding performance with record-breaking second quarter results exceeding our expectations across all metrics, driven by strong execution of our growth plans. Revenue increased 19% year-over-year, including organic growth of 17% and adjusted EBITDA and AFFO grew 16% and 17%, respectively. The foundation of our ongoing success continues to be driven by exceptional customer stewardship, combined with the strength in our traditional records business and the expanding portfolio of growth businesses. Our Data Center, ALM and Digital businesses collectively grew more than 50% in the quarter or 14 percentage points on a consolidated basis. These 3 growth businesses accounted for 35% of our second quarter revenue, an increase of 750 basis points as compared to last year. This impressive growth is further strengthened by the consistent mid-single-digit growth that our highly recurring cash-generative physical storage business continues to deliver. Let me now share some of the highlights from the quarter and the confidence this provides as we expect to compound double-digit revenue and earnings growth well into the future. Our Data Center business continues to deliver strong growth, up 39% in the quarter with an equally promising outlook. We leased 13 megawatts in the second quarter and another 75 megawatts in July, bringing our year-to-date leasing to 110 megawatts. With strong industry demand and pipeline, we are well positioned with approximately 325 megawatts of leasable capacity expected to energize over the next 24 months. We delivered another outstanding performance in our Asset Lifecycle …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
William L. Meaney MSIA | President, Chief Executive Officer & Director | USD 3,545,663 | Male | 1960 | Active |
Mark Kidd | Executive VP and GM of Data Centers & Asset Lifecycle Management | USD 1,992,969 | Male | 1981 | Active |
Barry A. Hytinen | Executive Vice President & Chief Financial Officer | USD 1,782,764 | Male | 1975 | Active |
Greg W. McIntosh | Executive VP & Chief Commercial Officer | USD 1,185,331 | Male | 1973 | Active |
Mithu Bhargava | Executive Vice President & GM for digital solutions | USD 911,073 | Female | 1979 | Active |
Jemma Johns | Executive Vice President & Chief Human Resources Officer | — | Female | 1974 | Active |
Michelle Altamura | Executive Vice President, General Counsel & Secretary | — | Female | 1982 | Active |
Dale Lawing | Executive Vice President of Global Operations | — | Male | — | Active |
Daniel Borges | Chief Accounting Officer & Senior Vice President | — | Male | 1969 | Active |
Mark Andrew Rupe | Senior Vice President & Head of Investor Relations | — | Male | — | Active |
Iron Mountain is rated a buy, leveraging a durable legacy records business to fund high-growth data center expansion. IRM's legacy RIM segment boasts 93.4% retention and 43.3% EBITDA margin, providing stable cash flow for data center investments. Data center revenue grew 39% y/y in Q2 2026, with robust leasing momentum and 71.2% of its development pipeline pre-leased.
Iron Mountain Incorporated has surged 42.8% YTD, far outpacing the S&P 500, driven by robust revenue and cash flow growth. IRM's rapid expansion in data centers and asset lifecycle management, alongside 37 consecutive years of organic revenue growth, underpins its operational strength. Management guides for 2026 revenue of $7.94–$8.01B, EBITDA of $2.945–$2.975B, and adjusted FFO of $1.76–$1.78B.
Capital Financial Group Inc. Co. ADV bought a new position in Iron Mountain Incorporated (NYSE: IRM) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,979 shares of the financial services provider's stock, valued at approximately $2,018,000. Iron Mountain accounts for approximately
McIntosh realized ~$1.5 million through the disposal of shares on August 6, 2026. The transaction represented 13% of the insider's total direct equity holdings in the company.
LOS ANGELES--(BUSINESS WIRE)--Clutter by Iron Mountain today announced the relaunch of its managed personal storage service, introducing a premium alternative to traditional self-storage. Designed for consumers seeking a more secure and convenient way to store their belongings, the service combines enterprise-level logistics, secure facility storage, and AI enhanced digital access all backed by Iron Mountain's 75-year track record of protecting the world's most valuable assets. For decades, con.
