Iron Mountain (NYSE:IRM) Reaches New 1-Year High After Strong Earnings

Iron Mountain Incorporated (NYSE:IRM) reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $110.33 and last traded at $109.8210, with a volume of 693193 shares trading hands. The stock had previously closed at $100.22.

The financial services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Iron Mountain has set its FY 2026 guidance at 5.690-5.790 EPS and its Q1 2026 guidance at 1.390-1.390 EPS.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a yield of 3.3%. Iron Mountain’s dividend payout ratio is currently 652.83%.

Trending Headlines about Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q4 earnings and revenue beat consensus — EPS $1.44 vs. $1.39 est., revenue $1.84B vs. $1.80B; AFFO and key metrics came in above expectations, supporting the rally. Iron Mountain’s Shares Rise on Q4 AFFO Beat, Revenues Rise Y/Y
• Positive Sentiment: Management issued significantly stronger guidance for FY2026 and Q1 — FY EPS 5.69–5.79 vs. prior Street estimates, Q1 EPS 1.39 vs. ~0.83 consensus, and revenue guidance above Street — this materially improves forward earnings outlook. Iron Mountain forecasts annual revenue above estimates on strong data center demand
• Positive Sentiment: Company highlights record results and a boom in data-center/land-lease demand (AI workload infrastructure), which management cites as a multi-year growth driver. Iron Mountain Shatters Record, Data Center Boom Powers Fifth Straight Year Of All-Time Highs
• Positive Sentiment: Board declared a quarterly dividend of $0.864/share (yield ~3.3%), payable April 3 with record date March 16 — supports income investor interest and total-return thesis.
• Neutral Sentiment: Earnings call transcript and slides are available for details and management commentary — useful for investors who want the quarter’s segment-level and cadence commentary. Iron Mountain Incorporated (IRM) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Company press release, slide deck and conference call materials were posted for review (see company/MarketBeat links for primary documents). Iron Mountain earnings materials and transcript
• Negative Sentiment: Some underlying metrics remain concerning: reported net margin was low (~2.4%) and return on equity was deeply negative (~-112.7%) for the quarter — these structural/profitability issues could temper enthusiasm if not improving over time. Iron Mountain earnings data and metrics

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $126.00 target price on shares of Iron Mountain in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the sale, the executive vice president directly owned 55,081 shares in the company, valued at approximately $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 38,482 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 119,607 shares of company stock worth $9,970,025. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC purchased a new stake in Iron Mountain during the third quarter valued at $27,000. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain in the 3rd quarter worth $32,000. Triumph Capital Management increased its holdings in shares of Iron Mountain by 1,056.8% in the 4th quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock worth $35,000 after buying an additional 391 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Iron Mountain during the 3rd quarter valued at about $44,000. Finally, Franchise GP Ltd bought a new position in shares of Iron Mountain in the 4th quarter valued at about $38,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Stock Performance

The stock has a market cap of $31.27 billion, a P/E ratio of 199.62 and a beta of 1.16. The stock’s fifty day moving average is $88.29 and its 200 day moving average is $93.62.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.