Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Iron Mountain's retained earnings for the quarter that ended in Mar. 2026 was $-5,533 Mil.
Iron Mountain's quarterly retained earnings
declined
from Sep. 2025 ($-5,237 Mil) to Dec. 2025 ($-5,405 Mil) and
declined
from Dec. 2025 ($-5,405 Mil) to Mar. 2026 ($-5,533 Mil).
Iron Mountain's annual retained earnings
declined
from Dec. 2023 ($-3,954 Mil) to Dec. 2024 ($-4,583 Mil) and
declined
from Dec. 2024 ($-4,583 Mil) to Dec. 2025 ($-5,405 Mil).
Iron Mountain (NYSE:IRM) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Iron Mountain Retained Earnings Historical Data
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The historical data trend for Iron Mountain's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-5,533 Mil mean?
Iron Mountain (IRM) has a Retained Earnings of $-5,533 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Iron Mountain and its competitors.
Is Iron Mountain's Retained Earnings too high?
Iron Mountain's current Retained Earnings is $-5,533 Mil. Overall, Iron Mountain has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iron Mountain's Retained Earnings compare to CCI and SBAC?
Iron Mountain's Retained Earnings of $-5,533 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a REITs company?
A good Retained Earnings depends on the REITs industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Iron Mountain and its competitors. Iron Mountain's current Retained Earnings is $-5,533 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Mountain stock overvalued right now?
Based on GuruFocus' analysis, Iron Mountain (IRM) is currently considered Modestly Overvalued. The stock's GF Value™ is $108.02, compared to a current price of $121.51 — trading 12.5% above its estimated fair value. The current Retained Earnings is $-5,533 Mil. Iron Mountain's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Iron Mountain (IRM), the current Retained Earnings is $-5,533 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Iron Mountain (IRM) Overvalued in 2026?
Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued.
The current stock price of $121.51 is trading 12.5% above its estimated GF Value™ of $108.02.
GuruFocus considers Iron Mountain to be Modestly Overvalued.
Key valuation signals for IRM:
Retained Earnings: $-5,533 Mil
GF Value™: $108.02 vs. price of $121.51 (12.5% above fair value)
No single metric tells the full story. See the IRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.
85GF Score
Get the complete analysis for IRM
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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