The Tip Desk

IRON MOUNTAIN INC

Company Stats

Market Cap
$33.0B
as of Sep 30, 2026
Enterprise Value
$49.4B
Shares Outstanding
297.7M
Free Float
98.3%

Income Statement

Revenue
$6.9B
Operating Income
$1.2B
Net Income
$152.3M
EBITDA
$2.2B
Revenue Growth, 3Y
10.6%
FCF Margin, 3Y Avg
-9.1%
FCF Margin, Worst Year
-13.5%

Cash Flow

Free Cash Flow
-$931.6M
FCF Yield
-2.8%
Owner FCF Yield
-3.2%

Balance Sheet

Cash & Equivalents
$158.5M
Total Debt
$16.5B
Net Debt
$16.4B
Net Debt / EBITDA
7.49x
EV / EBITDA
22.58x
Net Debt / EBIT
14.08x

Returns & Capital

Dividends Paid
$919.4M
Dividend Yield
2.8%
Dividend Payout, 3Y Avg
475.9%
SBC, 3Y Avg
$110.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$6.9B-$931.6M-13.5%
FY2024$6.1B-$594.9M-9.7%
FY2023$5.5B-$225.7M-4.1%
FY2022$5.1B$52.3M1.0%
FY2021$4.5B$147.8M3.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage