OverviewSuggest Edit

Iron Mountain is a company providing storage and information management services. It offers records management, data management, document management, data centers, art storage, logistics, and secure shredding enabling organizations to lower storage costs, comply with regulations, or recover from a disaster. The company specializes in critical business documents, electronic information, medical data, and cultural and historical artifacts. Iron Mountain serves the federal government, banking, energy, entertainment, healthcare, insurance, retail, life sciences, and other industries.

TypePublic
Founded1951
HQBoston, MA, US
Websiteironmountain.com
Employee Ratings3.2
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)25,000(-4%)
Job Openings2
Revenue (FY, 2019)$4.3 B
Share Price (Jan 2021)$30
Cybersecurity ratingBMore

Key People/Management at Iron Mountain

William Meaney

William Meaney

President & CEO
Ted MacLean

Ted MacLean

Executive Vice President and General Manager, Adjacent Businesses
Ernest W. Cloutier

Ernest W. Cloutier

Executive Vice President and General Manager, Records & Information Management
Barry A. Hytinen

Barry A. Hytinen

Executive Vice President and Chief Financial Officer
Kimberly Anstett

Kimberly Anstett

Executive Vice President and Chief Technology Officer
Deirdre Evens

Deirdre Evens

Executive Vice President & General Manager, Records and Information Management, North America
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Iron Mountain Office Locations

Iron Mountain has offices in Boston, Buenos Aires, Alexandria, Groß-Enzersdorf and in 70 other locations
Boston, MA, US (HQ)
One Federal Street, 1 Federal St
Buenos Aires, AR
2482 Av. Amancio Alcorta
Alexandria, AU
Level 2/170-180 Bourke Rd
Groß-Enzersdorf, AT
Hauptpl. 8
Machelen, BE
Woluwelaan 147
Brasília, BR
ST SAAN - QD 02 - Lote 1305
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Iron Mountain Financials and Metrics

Iron Mountain Revenue

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Iron Mountain's revenue was reported to be $4.26 b in FY, 2019 which is a 0.9% increase from the previous period.
USD

Revenue (Q3, 2020)

1.0b

Gross profit (Q3, 2020)

602.1m

Gross profit margin (Q3, 2020), %

58.1%

Net income (Q3, 2020)

38.6m

EBIT (Q3, 2020)

240.3m

Market capitalization (15-Jan-2021)

8.7b

Closing stock price (15-Jan-2021)

30.0

Cash (30-Sept-2020)

152.0m

EV

19.3b
Iron Mountain's current market capitalization is $8.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.8b4.2b4.3b

Revenue growth, %

10%10%1%

Cost of goods sold

1.7b1.8b1.8b

Gross profit

2.2b2.4b2.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.0b1.1b1.1b1.1b1.1b1.1b1.1b982.2m1.0b

Cost of goods sold

448.7m451.5m448.0m461.5m465.1m451.3m466.9m406.7m434.5m

Gross profit

593.7m609.4m613.0m592.3m601.8m610.9m601.8m575.5m602.1m

Gross profit Margin, %

57%57%58%56%56%58%56%59%58%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

925.7m165.5m193.6m

Accounts Receivable

835.7m846.9m850.7m

Prepaid Expenses

188.9m195.7m192.1m

Current Assets

2.0b1.2b1.2b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

185.4m364.5m268.3m

Depreciation and Amortization

537.3m655.2m674.9m

Accounts Payable

34.9m

Cash From Operating Activities

721.0m936.5m966.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

45.2m138.7m205.7m30.5m122.9m231.2m64.9m57.8m96.3m

Depreciation and Amortization

164.1m324.4m486.1m166.6m335.0m496.7m167.1m335.4m496.8m

Accounts Payable

(1.4m)

Cash From Operating Activities

91.6m393.3m624.5m117.1m429.7m648.1m125.4m439.1m627.2m
USDFY, 2017

EV/EBIT

25.8 x

EV/CFO

23.2 x

EV/FCF

44.3 x

Revenue/Employee

160.2k

Debt/Equity

3.1 x

Debt/Assets

0.6 x

Financial Leverage

4.8 x

P/E Ratio

54.7
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Iron Mountain Operating Metrics

Iron Mountain's Customers was reported to be 225 k in FY, 2019.
FY, 2014FY, 2015FY, 2016Sep, 2017Q3, 2017FY, 2017Jun, 2018Nov, 2018FY, 2018FY, 2019

Facilities

1.10 k1.10 k1.40 k1.41 k1.40 k1.40 k1.43 k1.40 k1.40 k1.45 k

Vehicle Fleet

3.60 k3.70 k4.50 k4.70 k

Customers

155 k170 k230 k230 k230 k225 k225 k225 k225 k225 k

Countries

36 37 45 52 53 53 53 54 54 50
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Iron Mountain Acquisitions / Subsidiaries

Company NameDateDeal Size
EvoSwitchMay 30, 2018$235 m
IO.comDecember 12, 2017$1.30 b
Bonded Services GroupOctober 03, 2017
FortrustJuly 28, 2017$128 m
Santa Fe GroupAugust 02, 2016$30.20 m
RecallMay 06, 2016
Docufile (Pty) LtdApril 21, 2016
Archyvu sistemosMarch 10, 2016
Crozier Fine ArtsOctober 14, 2015
Recall HoldingsApril 28, 2015$2.60 b
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Iron Mountain Revenue Breakdown

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Iron Mountain revenue breakdown by business segment: 93.7% from Global Records and Information Management Business, 6.3% from Global Data Center Business and 0.0% from Other

Iron Mountain revenue breakdown by geographic segment: 22.7% from Other International, 5.7% from Canada, 6.4% from United Kingdom, 61.8% from United States and 3.4% from Other

Iron Mountain Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Iron Mountain Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Iron Mountain Online and Social Media Presence

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Iron Mountain Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C-

    57/100

  • Diversity

    B

    72/100

Learn more on Comparably

Iron Mountain News and Updates

DE-CIX Deploys at Iron Mountain’s New Jersey Data Center, Increasing Interconnection Options

Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that DE-CIX, a world-leading internet exchange (IX) operator, deployed a new switch at its NJE-1 data center in Edison, NJ, expanding their network ecosystems and geographical reach in the…

Edward E. Greene Joins Iron Mountain as Chief Human Resources Officer

Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that Edward E. Greene has joined the company as its new Executive Vice President, Chief Human Resources Officer (CHRO).

Iron Mountain Announces Industrial Sale-Leaseback Transaction with Blackstone Real Estate Income Trust

BOSTON--( )-- Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that it has sold a portfolio of 13 industrial facilities to Blackstone Real Estate Income Trust, Inc.read more

Iron Mountain Shares Cross 9% Yield Mark

In trading on Thursday, shares of Iron Mountain were yielding above the 9% mark based on its quarterly dividend (annualized to $2.474), with the stock changing hands as low as $27.35 on the day.

Iron Mountain Schedules Second Quarter 2020 Earnings Release and Conference Call

BOSTON, July 14, 2020 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its second quarter 2020 financial results before market hours on Thursday, August 6, 2020. The Company will also host a conference call to...

Iron Mountain InSight® Launches on Google Cloud Marketplace

BOSTON, June 22, 2020 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced its Iron Mountain InSight artificial intelligence (AI) and machine learning (ML) content services platform...
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Iron Mountain Frequently Asked Questions

  • When was Iron Mountain founded?

    Iron Mountain was founded in 1951.

  • Who are Iron Mountain key executives?

    Iron Mountain's key executives are William Meaney, Ted MacLean and Ernest W. Cloutier.

  • How many employees does Iron Mountain have?

    Iron Mountain has 25,000 employees.

  • What is Iron Mountain revenue?

    Latest Iron Mountain annual revenue is $4.3 b.

  • What is Iron Mountain revenue per employee?

    Latest Iron Mountain revenue per employee is $170.5 k.

  • Who are Iron Mountain competitors?

    Competitors of Iron Mountain include H3C, Access Information Management and Hewlett Packard Enterprise.

  • Where is Iron Mountain headquarters?

    Iron Mountain headquarters is located at One Federal Street, 1 Federal St, Boston.

  • Where are Iron Mountain offices?

    Iron Mountain has offices in Boston, Buenos Aires, Alexandria, Groß-Enzersdorf and in 70 other locations.

  • How many offices does Iron Mountain have?

    Iron Mountain has 75 offices.