IRON MOUNTAIN INC · REIT (real estate trust)

IRM

Low riskNext report: In 7 days (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 19% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales up 12% last year

Money moves

Insiders sold $4.8M in the last 30 days, all through pre-planned sales
Institutions added 1.5% to their holdings in the quarter ending June 2026 (580 bought, 439 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$113.06+2.8% that day

Company value: $33.7B; Share price times all shares
Price vs profit (P/E): 80.8x; You pay about $81 for each $1 of yearly profit
Price vs sales: 4.5x; Company value is 4.5 times a year of sales
Dividend yield: 2.8%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 49%; Debt as a share of company value

From IRM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.0B+19% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $7.6B, up 17% from the 12 months before. Over 5 years, sales grew about 11% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of IRM. Starting points are the company's recent numbers.

Sales growth+17% a yearRecently: +17% a yearProfit margin6%Last 12 months: 5.7%P/E at the end40xToday: 80.8x. Many steady companies trade at 12x to 25xShare count change+1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$16.6B

Profit in 5 years$995M

Price these guesses point to$127.18+12% vs $113.06 todayAbout +2.4% a year, before dividends

What today's price needs: with a 6% margin and a 40x P/E, sales would have to grow about 14% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/5Weak

MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.2%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$931.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.8% in 3 years

Revenue: $6.9B; +12.2% vs prior year
5-year growth: +10.7%/yr; revenue, per year
Total debt: $16.4B
Current ratio: 0.74x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $2.0B; +18.5% YoY
EPS: $0.34; vs -$0.15
Op. margin: 18.4%; +3.2 pts
Free cash flow: -$38.9M
Share count: +1.5%; vs a year ago

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $4.8M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.5%

Institutions added 1.5% to their holdings. 580 bought, 439 sold.

Shares held by institutions257.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

Owes more than it owns

Shares outstandingLatest reported

298M

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedApr 30
Results filedFeb 12
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$4.8M2 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Greg W McintoshEVP, Chief Commercial Officer	Sell	5K	$110.72	$554K	71K	Oct 1Filing ↗
-6.6% of their holdings Pre-planned sale (10b5-1) Filed 4 days after
William L MeaneyPresident and CEO	Sell	38K	$110.45	$4.2M	0	Oct 1Filing ↗
Sold entire stake $109.57 to $111.18 across 3 trades Pre-planned sale (10b5-1) Also Director Filed 4 days after