IRM
Iron MountainPrevious close
116.55
Change
−1.83 / −1.55%
P/E (TTM) ?
82.1
Market Cap
$34.5B
1M
+5.05%
S&P 500 −0.91% over same period
Volume / Avg Volume
1.1M / 1.3M
0.84× average
Latest earnings analysisFY2026 Q2Reported 2026-08-05
Iron Mountain Q2 2026: revenue up 18.5%, net income swings positive
Iron Mountain's second quarter of 2026 was a record on revenue and profit: $2.03 billion of revenue, up 18.5%, and $106.1 million of net income versus a year-ago loss. The catch is cash: free cash flow was negative $38.9 million, because data center construction eats nearly everything the business throws off. Read the quarter as a growth story funded with debt, and judge it on leasing and leverage, not just the headline.
Read the full analysis →Revenue$2.03BYoY +18.50%
EPS (non-GAAP)$0.60Beatest. $0.56
Next-quarter revenue guidance$1.98BYoY −2.40%
Next-day move−4.07%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-05 | $2.0B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-30 | $1.9B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-12 | $6.9B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-11-05 | $1.8B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-06 | $1.7B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-01 | $1.6B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 20 of its 5-year rangeCheap
5-year range 47.0 – 710.6 · Median 146.4
Last 4 quarters: $0 in buybacks + $997M in dividends, 2.89% of market cap combined
P/E (TTM)
82.1
P/B
—
P/S
4.6
Dividend Yield
4.11%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.5% on average on the first trading day after, rising 5 times
Most recent −4.07%
Volatility & Correlation
1-year beta 1.16 · Correlation with S&P 500 0.45Tracks the market
Annualized volatility 33% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 8 · $17.4MNet selling $17.4M
- 10-01McIntosh Greg WEVP, Chief Commercial OfficerSell$0.55M5,000 shares · Avg price 110.72
- 10-01Meaney William LPresident and CEOSell$4.2M38,474 shares · 3 trades · Avg price 110.45
- 09-01Kidd MarkEVP, GM Data Centers & ALMSell$0.69M6,000 shares · Avg price 115.60
- 09-01McIntosh Greg WEVP, Chief Commercial OfficerSell$0.58M5,000 shares · Avg price 115.60
- 09-01Meaney William LPresident and CEOSell$4.4M38,474 shares · 4 trades · Avg price 114.08
- 08-07Kidd MarkEVP, GM Data Centers & ALMSell$0.74M6,000 shares · Avg price 122.70
- 08-07Meaney William LPresident and CEOSell$4.7M38,474 shares · 3 trades · Avg price 121.67
- 08-06McIntosh Greg WEVP, Chief Commercial OfficerSell$1.5M11,839 shares · 2 trades · Avg price 127.13
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 2.03 | +18.5% | — | — | 0.34 |
| FY2026 Q1 | 1.94 | +21.6% | — | — | 0.48 |
| FY2025 Q4 | 1.84 | +16.6% | — | — | 0.31 |
| FY2025 Q3 | 1.75 | +12.6% | — | — | 0.28 |
| FY2025 Q2 | 1.71 | +11.6% | — | — | -0.15 |
| FY2025 Q1 | 1.59 | +7.8% | — | — | 0.05 |
| FY2024 Q4 | 1.58 | +11.4% | — | — | 0.35 |
| FY2024 Q3 | 1.56 | +12.2% | — | — | -0.11 |
| FY2024 Q2 | 1.53 | +13.0% | — | — | 0.12 |
| FY2024 Q1 | 1.48 | +12.4% | — | — | 0.25 |
| FY2023 Q4 | 1.42 | +11.0% | — | — | 0.10 |
| FY2023 Q3 | 1.39 | +7.9% | — | — | 0.31 |