Companies
Iron Mountain
S&P 500Real Estate· USA

IRM

Status-Quo-Player

Iron Mountain

STATUS-QUO-PLAYER

Power Core

Iron Mountain's moat is the compounding physical switching cost embedded in billions of stored records that customers are legally obligated to retain but economically deterred from moving.

Published1 Apr 2026
UniverseS&P 500
SectorReal Estate

Direction of Movement

Upward Trajectory With Leverage as the Binding Constraint

ROC 200

+1.2%

Company Profile

Iron Mountain Inc. is a leading provider of storage and information management solutions, operating as a real estate investment trust. It delivers comprehensive services through three primary segments: Global Records & Information Management, which handles storing, managing, digitizing, and securely disposing of records worldwide; Global Data Center Business, offering secure colocation and wholesale data center facilities to protect mission-critical IT infrastructure; and Corporate & Other, focusing on storage, safeguarding, and delivery of physical media and digital content repositories for entertainment and media clients. The company also provides digital transformation tools, information security, IT asset lifecycle management including disposition, and logistics services. Serving over 240,000 customers across 61 countries, including nearly all Fortune 1000 companies, Iron Mountain Inc. helps organizations manage physical and digital assets throughout their lifecycle, ensuring visibility, security, accessibility, and readiness for AI applications. Founded in 1951 and headquartered in Portsmouth, New Hampshire, it plays a vital role in bridging physical storage with digital innovation in the information management sector.

Sector

Real Estate

Industry

REIT - Specialty

Employees

29,400

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