IRON MOUNTAIN INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 16,432 | 106.3 |
| Stockholders' equity | (981) | -6.3 |
| Total capitalization | 15,451 | 100.0 |
297,702,812 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 16,432 |
| Long-term debt, noncurrent | 16,216 |
| Current maturities | 216 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 400,000,000 |
| Common shares issued | 295,788,645 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/24/26 | 297,702,812 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.22 | 657.1 |
| 2024 | 2.73 | 447.5 |
| 2023 | 2.54 | 403.2 |
| 2022 | 2.47 | 130.0 |
| 2021 | 2.47 | 159.4 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as IRON MOUNTAIN INC/PA (to 9 June 2005); PIERCE LEAHY CORP (to 16 February 1999).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 85 New Hampshire Avenue, Suite 150, Pease International Tradeport, Portsmouth, NH 03801. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 6,902 | 6,150 | 5,480 |
| Depreciation and amortization | 1,024 | 901 | 776 |
| Operating income | 1,164 | 1,010 | 922 |
| Interest expense | 829 | 722 | 586 |
| Net income | 152 | 184 | 187 |
| Earned per share, diluted ($) | 0.49 | 0.61 | 0.63 |
| Dividends per share ($) | 3.22 | 2.73 | 2.54 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 159 | 156 |
| Total assets | 21,125 | 18,717 |
| Debt | 16,432 | 13,719 |
| Stockholders' equity | (981) | (503) |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 6,902 | 1,164 | 145 | 2.1 | 0.49 | 3.22 | 1,340 | 2,272 | (932) | 21,125 | 21,834d | 16,432 | (981) | -14.7 | -16.75 |
| 12/31/24 | 6,150 | 1,010 | 180 | 2.9 | 0.61 | 2.73 | 1,197 | 1,792 | (595) | 18,717 | 19,022d | 13,719 | (503) | -35.8 | -27.27 |
| 12/31/23 | 5,480 | 922 | 184 | 3.4 | 0.63 | 2.54 | 1,114 | 1,339 | (226) | 17,474 | 17,262d | 11,933 | 212 | 87.0 | 56.38 |
| 12/31/22 | 5,104 | 1,050 | 557 | 10.9 | 1.90 | 2.47 | 928 | 875 | 52 | 16,141 | 15,504d | 10,569 | 637 | 87.5 | 16.60 |
| 12/31/21 | 4,492 | 854 | 450 | 10.0 | 1.55 | 2.47 | 759 | 611 | 148 | 14,450 | 13,593d | 9,272 | 856 | 52.6 | 10.83 |
| 12/31/20 | 4,147 | 935 | 343 | 8.3 | 1.19 | 2.47 | 988 | 438 | 549 | 14,149 | 13,013d | 8,703 | 1,137 | 30.1 | 7.66 |
| 12/31/19 | 4,263 | 781 | 267 | 6.3 | 0.93 | 2.45 | 967 | 693 | 274 | 13,817 | 12,353d | 8,665 | 1,464 | 18.3 | 5.92 |
| 12/31/18 | 4,226 | 808 | 354 | 8.4 | 1.23 | 2.38 | 936 | 460 | 475 | 11,857 | 9,995d | 8,143 | 1,861 | 19.0 | 4.38 |
| 12/31/17 | 3,846 | 634 | 170 | 4.4 | 0.64 | 2.27 | 721 | 343 | 378 | 10,975 | 8,690d | 7,043 | 2,297 | 7.4 | 3.07 |
| 12/31/16 | 3,511 | 502 | 105 | 3.0 | 0.42 | 2.04 | 544 | 329 | 215 | 9,487 | 7,550d | 6,251 | 1,937 | 5.4 | 3.23 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
IRON MOUNTAIN INC
CIK 1020569 · EIN 23-2588479
PRINCIPAL OFFICE:
85 New Hampshire Avenue, Suite 150, Pease International Tradeport, Portsmouth, NH 03801
Tel.: 617-535-4781
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
FORMER NAMES:
IRON MOUNTAIN INC/PA; PIERCE LEAHY CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/14/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/24/21) · 10-K FY2019 (filed 2/13/20) · 10-K FY2018 (filed 2/14/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.