Overview
Information management firm's Q4 revenue grew 16.6% yr/yr, driven by strong service revenue
Adjusted EPS for Q4 beat analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Outlook
Iron Mountain projects 2026 revenue growth of 10% to 13%
Company expects Adjusted EBITDA growth of 12% to 14% in 2026
Iron Mountain anticipates 400 megawatts of data center capacity energized over 24 months
Result Drivers
GROWTH BUSINESSES - Data center, digital, and ALM businesses grew over 40% in Q4, driving overall revenue growth
DATA CENTER LEASING - Strong data center leasing in Q4 supports future growth, with 400 MW capacity to be energized over next 24 months
SERVICE REVENUE - Service revenue increased 22% yr/yr in Q4, contributing to total revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | Beat | $0.61 | $0.59 (5 Analysts) |
Q4 EPS | $0.30 | ||
Q4 Net Income | $93 mln | ||
Q4 Adjusted EBITDA | Beat | $705 mln | $684.97 mln (9 Analysts) |
Q4 Adjusted EBITDA Margin | 38.30% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Iron Mountain Inc is $126.00, about 25.7% above its February 11 closing price of $100.22
The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 45 three months ago
Press Release: ID:nBw7Ywq4Da
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)