IRM - NYSE

Iron Mountain Incorporated

IRM·NYSE

$128.22

-0.19%

Real EstateREIT - Specialty

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$38.15B

EPS0.4900

P/E Ratio261.66

Earnings Date08/05/2026

1.34B

Operating Cash Flow

12%

3Y+44.0%

5Y+36.0%

10Y+146.0%

-2.57B

Investing Cash Flow

20%

3Y+55.0%

5Y+2913.0%

10Y+380.0%

1.27B

Financing Cash Flow

45%

3Y+98.0%

5Y-243.0%

10Y+911.0%

Iron Mountain Incorporated Cash Conversion Engine

IRM · NYSE

FCF Components

Net Income152.25M

Depreciation & Amortization1.06B

Stock-Based Compensation140.28M

Change in Working Capital-60.55M

Others92.34M

Capital Expenditures-2.27B

Free Cash Flow-931.63M

Cash Flow Quality Analysis

FCF Conversion Rate

-611.9%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

169.5%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-41.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$60.55M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Iron Mountain Incorporated Cash Flow Statement

IRM • NYSE

Iron Mountain Incorporated Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	152.3M	183.7M	187.3M	562.1M	452.7M	343.1M	268.3M	364.5M	185.4M	107.2M	125.2M	328.7M	100.8M	176.7M	246.4M	167M	222.3M	82M	153.1M	128.9M
Depreciation & Amortization	1.1B	926.5M	793M	745.6M	697M	669.4M	658.2M	639.5M	522.4M	452.3M	345.5M	353.1M	322M	316.3M	290.6M	281.4M	283.6M	295.7M	254.7M	213.8M
Change in Deferred Taxes	-47.7M	-41.4M	-35.3M	-55.9M	28.7M	-13M	-624K	-10.7M	-36.4M	-50.4M	-7.5M	-270.8M	-99.4M	-77.2M	3.4M	40M	29.7M	109.1M	43.8M	53.1M
Stock-Based Compensation	140.3M	118.1M	73.8M	56.9M	61M	37.7M	35.7M	31.2M	30M	29M	27.6M	29.6M	30.4M	30.4M	17.3M	17.3M	18.7M	19M	13.9M	12.4M
Other Non-Cash Items	92.3M	82.2M	135.3M	-128.6M	-348.8M	-183.9M	-3.6M	-38.7M	121.5M	66.5M	94.4M	65.3M	112.9M	29.6M	56.6M	147.9M	31.4M	58.1M	18.3M	-22M
Cash Taxes Paid	(121.6M)	(90.7M)	(89.6M)	(99.6M)	(130.3M)	(43.5M)	(61.7M)	(64.5M)	(104.5M)	(69.9M)	(42.4M)	(167.4M)	(125.6M)	(228.6M)	(148M)	(139.1M)	(87.1M)	(44.1M)	(0.0)	(0.0)
Change in Working Capital	-60.5M	-72.4M	-40.6M	-252.4M	-131.7M	134.4M	8.8M	-50.3M	-102M	-60.8M	-43.4M	-33.1M	40.9M	-43.1M	1.1M	-28.5M	31.2M	-26.9M	960K	-11.9M
Cash from Operating Activities	1.3B	1.2B	1.1B	927.7M	758.9M	987.7M	966.7M	935.5M	721M	543.9M	541.8M	472.9M	507.5M	432.7M	615.4M	625.1M	616.9M	537M	484.6M	374.3M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-2.3B	-1.9B	-1.3B	-883.6M	-624.4M	-453.3M	-748.5M	-532.5M	-418.3M	-379.4M	-345.4M	-396.4M	-317.5M	-269.6M	-230.9M	-272.1M	-323.5M	-350K	-386.4M	-396.2M
Acquisitions, Net	-101.6M	-188.2M	-57.7M	-876.9M	-68.7M	-136.8M	-77.5M	-1.8B	-190.5M	-261.3M	-113.6M	-128.1M	-317.1M	-127.5M	-75.6M	-13.8M	-2M	-56.6M	-481.5M	-81.2M
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-335K	(0.0)	-3.1M	-1.7M	(0.0)	-5.9M
Other Investing Items	-201M	-94.6M	-41.6M	100.1M	219.8M	504.6M	95M	68.2M	9.3M	104.7M	2.3M	44.5M	-3.1M	-3.2M	385.3M	-146.8M	4.6M	-400.9M	1.3M	16.7M
Cash from Investing Activities	-2.6B	-2.1B	-1.4B	-1.7B	-473.3M	-85.4M	-730.9M	-2.2B	-599.4M	-536M	-422.8M	-480M	-637.7M	-400.2M	(78.5M)	-432.7M	-324.1M	-459.6M	-866.6M	-466.7M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-36.8M	-12.2M	0.0	0.0	0.0	0.0	0.0	84.9M	575.6M	0.0	0.0	0.0	0.0	-38.1M	-985M	-111.6M	1.1M	960K	21.8M	22.2M
Net Issuance of Debt	2.4B	1.7B	1.2B	1.4B	543.1M	-145.3M	510.3M	1.2B	393.3M	616.6M	297.1M	520M	232.3M	345.7M	316.6M	-250.9M	-160.5M	65.2M	434.5M	58.6M
Cash Paid for Dividends	-919.4M	-789.5M	-737.7M	-724.4M	-718.3M	-716.3M	-704.5M	-673.6M	-440M	-505.9M	-406.5M	-542.3M	-206.8M	-318.8M	-172.6M	-37.9M	(0.0)	(0.0)	(0.0)	(0.0)
Share Repurchases	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-38.1M	-985M	-111.6M	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	-160M	1.2M	-17.1M	10.2M	-45.6M	-25.2M	-4.7M	-17.5M	11.5M	14.6M	905K	42.2M	-6.9M	39.5M	77.2M	19.1M	29.8M	21.3M	631K	4.4M
Cash from Financing Activities	1.3B	876.7M	425.7M	639.2M	-220.8M	-886.7M	-199M	550.7M	540.4M	125.4M	-108.5M	19.9M	18.6M	28.2M	-763.8M	-381.2M	-129.7M	87.4M	457M	82.7M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	-30.9M	-3.8M	-13.9M	-20.5M	-14M	-4M	-8.7M	-24.6M	27.3M	-25.2M	-8M	-7.4M	-11.3M	2.8M	-9M	801K	5.1M	-12M	5.2M	1.7M
Net Change in Cash	2.8M	-67.1M	81M	-114M	50.8M	11.5M	28.1M	-760.2M	689.2M	108.1M	2.4M	5.4M	-122.9M	63.6M	-78.8M	-188M	168.3M	152.8M	80.2M	-8M
Cash at Beginning of Period	155.7M	222.8M	141.8M	255.8M	205.1M	193.6M	165.5M	925.7M	236.5M	128.4M	125.9M	120.5M	243.4M	179.8M	258.7M	446.7M	278.4M	125.6M	45.4M	53.4M
Cash at End of Period	158.5M	155.7M	222.8M	141.8M	255.8M	205.1M	193.6M	165.5M	925.7M	236.5M	128.4M	125.9M	120.5M	243.4M	179.8M	258.7M	446.7M	278.4M	125.6M	45.4M
Free Cash Flow	-931.6M	-657.2M	-231.5M	44.1M	134.5M	534.4M	218.2M	403M	302.7M	164.5M	196.4M	76.6M	190.1M	163.2M	384.6M	353.1M	293.4M	135.8M	98.2M	-21.9M

SEC Filings

IRM - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 12, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	March 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 09, 2026	March 09, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 12, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 13, 2025	November 13, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 05, 2025	November 05, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing

Showing 1 to 10 of 540 filings

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