Iron Mountain (IRM1) AI Stock Analysis

Iron Mountain

(BMV:IRM1)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Raised Guidance & Earnings MomentumManagement raised FY26 guidance with midpoints implying double-digit revenue, EBITDA and AFFO growth, reflecting durable demand across core and growth segments. Upgraded guidance improves planning visibility, supports reinvestment and signals sustainable operational leverage over the next 2–6 months.

Negative Factors

High Leverage / Negative EquityA highly leveraged balance sheet with negative equity compresses financial flexibility, amplifies refinancing and interest-rate sensitivity risk, and constrains strategic optionality. Over 2–6 months this heightens vulnerability to market dislocations and limits the company's ability to fund growth or opportunistic M&A from internal capital.

Iron Mountain (IRM1) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 34.29B
Dividend Yield: 2.97%
Average Volume (3M): 3,851
Price to Earnings (P/E): 82.3
Beta (1Y): -0.04
Revenue Growth: 6.70%
EPS Growth: 720.52%
Country: Mexico
Employees: 29,400
Sector: Real Estate
Sector Strength: 65
Industry: REIT - Specialty

Iron Mountain Business Overview & Revenue Model

Company Description

Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than 225,000 organizations globally trust Iron Mountain with their critical assets. With an ex...

Iron Mountain Earnings Call Summary

Earnings Call Date:Aug 04, 2026(Q2-2026)|% Change Since:-6.28%|Next Earnings Date:Nov 04, 2026

Earnings Call SentimentPositive

The call conveyed strong, broad-based operational and financial momentum: record revenue, EBITDA and AFFO growth; rapid expansion in Data Center, ALM and Digital businesses; robust cash generation and improved leverage; and raised full-year guidance. Notable risks include FX variability, timing/lumpiness in hyperscaler projects (including a ~$30M timing benefit), memory-price variability affecting ALM, and the ongoing need to build scale in certain geographies. On balance, the favorable metrics, raised guidance, and strategic wins materially outweigh the manageable challenges.

Positive Updates

Record Revenue and Organic Growth

Total revenue of $2.03 billion in Q2, up $317 million year-over-year (+19% reported, +18% constant currency, +17% organic). Revenue was approximately $65 million ahead of prior projection.

Negative Updates

FX Headwind and Currency Variability

Foreign exchange provided only ~$14 million in revenue year-over-year and was slightly below prior assumptions due to a strengthening U.S. dollar, creating modest headwinds relative to earlier outlooks.

Company Guidance

Iron Mountain raised full‑year 2026 guidance to revenue $7.94B–$8.01B (midpoint +16% y/y), adjusted EBITDA $2.945B–$2.975B (midpoint +15% y/y) and AFFO $1.76B–$1.78B (or $5.87–$5.93 per share; midpoint AFFO growth ~15% and AFFO/sh +14%), and said on prior‑FX rates the midpoint represents +$125M revenue (+$60M in 2H), +$25M adjusted EBITDA (+$12M in 2H), +$35M AFFO (+$20M in 2H) and +$0.10 AFFO/sh (+$0.06 in 2H); Q3 outlook is revenue ≈ $1.98B, adjusted EBITDA ≈ $745M (both +13% y/y) and AFFO ≈ $440M or $1.47/sh (+12% y/y). Management also raised ALM expectations to approach $1B of revenue for the year, reiterated Data Center momentum (13 MW leased in Q2, 75 MW in July, 110 MW YTD, ~325 MW of leasable capacity to energize over the next 24 months), reported net lease adjusted leverage of 4.8x, declared a $0.864 quarterly dividend (trailing‑4Q AFFO payout ~60%), invested $553M growth CapEx and $38M recurring CapEx in Q2, and completed a $1.5B bond at 6.25% maturing 2035.

Iron Mountain Risk Analysis

Iron Mountain disclosed 39 risk factors in its most recent earnings report. Iron Mountain reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Iron Mountain Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

MX:IRM1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMT	66Neutral	$87.09B	26.48	91.35%	3.75%	5.31%	13.13%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
EQIX	64Neutral	$100.34B	59.40	11.49%	2.03%	11.06%	52.70%
CCI	63Neutral	$37.73B	36.26	-40.39%	4.88%	-15.63%	―
UNIT	56Neutral	$1.23B	0.98	270.16%	―	199.70%	2008.88%

* Real Estate Sector Average

Performance Comparison

MX:IRM1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MX:IRM1	Iron Mountain	2037.02	131.50	6.90%
AMT	American Tower Corporation	188.30	15.00	8.66%
CCI	Crown Castle International	87.03	1.13	1.32%
EQIX	Equinix	993.69	181.17	22.30%
UNIT	Uniti Group	4.94	-1.06	-17.67%
BXDC	Blackstone Digital Infrastructure Trust, Inc.	15.82	-3.99	-20.14%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Iron Mountain AI Stock Analysis