{"company":{"slug":"iron-mountain","name":"Iron Mountain","legal_name":"Iron Mountain Incorporated","aliases":["Iron Mountain","IRM"],"primary_layer":"L4","primary_topic_id":"datacenter-buildout","secondary_topics":null,"hq_country":"US","hq_city":"Portsmouth","founded_year":1951,"is_public":true,"ticker":"IRM","description":"Records-management pivot to datacenter REIT. Frankfurt / Virginia / Phoenix datacenter campuses. Hyperscaler-class pipeline disclosed; underweight vs DLR / EQIX but growing fastest."},"profile":{"snapshot":"Fastest-growing datacenter REIT laggard; ~25% DC revenue growth on AI hyperscale leasing","stack_layer":"L4","why_join_top_2":["Data Center segment grew ~25% YoY in Q1 2025 (signal 680af397) with ~17 MW signed that quarter after a record ~125 MW in 2024 — joining a unit outgrowing the parent's 8% total.","2026 reqs for a Director, Energy and Grid Strategy (2026-03-25) and a liquid-cooling Senior Mechanical Engineer (2026-04-28) staff the >1 GW Manassas-anchored buildout — net-new capacity, not backfill."],"peer_comparison":{"substitute":{"name":"Compass Datacenters","delta":"Hyperscalers can bypass REIT colo via Compass's single-tenant 50-200 MW build-to-suit campuses instead of leasing Iron Mountain shell capacity."},"direct_competitor":{"name":"Digital Realty","delta":"Same colo-REIT model but Iron Mountain is far smaller / underweight on footprint while growing DC revenue (~25%) faster than DLR's larger pre-leased base."}},"self_quality_score":{"notes":"Reverse-hype via explicit laggard framing and a falsifiable FY2025 leasing-miss risk.","originality":7,"evidence_density":9,"anti_generic_pass":true,"reverse_hype_present":true},"strategic_position":{"top_risk":"FY2025 total leasing falls short of the ~125 MW 2024 record management is targeting (e8298bda), exposing the AI pipeline as slower-converting than peers — testable at Q4 2025/FY results.","their_bet":"Convert >1 GW of developable capacity anchored at Manassas (4f829eea) into a third growth engine, riding AI-era hyperscale demand to close the gap with DLR/EQIX.","what_they_do_best":"Compounding off a small base: ~25% Data Center revenue growth in Q1 2025 (680af397) after a record ~125 MW leased in 2024 (caedf135)."},"top_business_signals_90d":[{"summary":"Q1 2025 Data Center segment grew ~25% YoY, the company's fastest-growing business on hyperscale/AI leasing.","signal_id":"680af397-4f05-4b8c-aa7d-ef061036ae2f","evidence_quote":"Data Center segment one of the fastest-growing businesses, posting roughly 25% data center revenue growth as hyperscale and AI demand drove new and expansion leasing."},{"summary":"Signed ~17 MW of new/expansion leases in Q1 2025, following a record ~125 MW leased in 2024.","signal_id":"caedf135-b9bc-4dfb-8272-4cf508f722fc","evidence_quote":"signed roughly 17 MW of new and expansion data center leases in the quarter, continuing the buildout momentum after a record ~125 MW of leasing in 2024"},{"summary":"Reaffirmed well over 1 GW of long-term developable capacity anchored by the Manassas, VA campus.","signal_id":"4f829eea-d27c-49a5-b675-947e4816bd5b","evidence_quote":"carries well over 1 GW of long-term developable capacity to serve AI-era hyperscale customers"}],"top_hiring_specialties_60d":[{"job_count":2,"specialty":"Critical-facilities electrical & liquid-cooling engineering"},{"job_count":2,"specialty":"Data center construction & multi-level commissioning"},{"job_count":1,"specialty":"Grid interconnect & power procurement strategy"}]},"avg_fit_score":75.7514880952381,"fit_scores":[{"overall_score":74.8571428571429,"growth_score":85,"comp_score":null,"learning_score":60,"stability_score":75,"culture_score":58,"jobseeker_profile_id":"ab50022d-c258-4e5d-947b-bcade166651f"},{"overall_score":76.8571428571428,"growth_score":84,"comp_score":null,"learning_score":69,"stability_score":78,"culture_score":62,"jobseeker_profile_id":"5bcfb77a-fb0c-4f62-b9f3-64277b8bb81a"},{"overall_score":76.4166666666667,"growth_score":85,"comp_score":null,"learning_score":64,"stability_score":80,"culture_score":55,"jobseeker_profile_id":"f7646732-cece-470c-aed9-d4541c537600"},{"overall_score":74.875,"growth_score":82,"comp_score":null,"learning_score":68,"stability_score":78,"culture_score":60,"jobseeker_profile_id":"4f789bcf-34cb-4e1d-b985-bf32cc30123f"}],"recent_business_signals":[{"signal_type":"earnings","signal_date":"2025-11-05","signal_data":{"note":"continued data center leasing strength; full-year leasing target near prior-year record","period":"Q3 2025","segment":"Data Centers","revenue_usd":1740000000},"source":"ai_synthesis_sdk"},{"signal_type":"capacity_expansion","signal_date":"2025-11-05","signal_data":{"driver":"AI / hyperscale buildout","segment":"Data Centers","campuses":["Northern Virginia (Manassas, VA)","Phoenix, AZ","Frankfurt","London","India"],"total_potential_capacity":"well over 1 GW of long-term developable capacity"},"source":"ai_synthesis_sdk"},{"signal_type":"earnings","signal_date":"2025-08-06","signal_data":{"note":"record quarterly revenue; data center one of the lead growth drivers","period":"Q2 2025","segment":"Data Centers","revenue_usd":1680000000},"source":"ai_synthesis_sdk"},{"signal_type":"earnings","signal_date":"2025-05-07","signal_data":{"period":"Q1 2025","segment":"Data Centers","revenue_usd":1585000000,"metric_focus":"data center storage rental growth","data_center_revenue_growth_pct":25},"source":"ai_synthesis_sdk"},{"signal_type":"capacity_expansion","signal_date":"2025-05-07","signal_data":{"context":"AI/hyperscale-driven leasing pipeline and multi-gigawatt long-term development capacity","segment":"Data Centers","leasing_metric":"new and expansion leases signed in quarter","mw_leased_q1_2025":17},"source":"ai_synthesis_sdk"}],"recent_talent_signals":[{"job_title":"Senior Mechanical Engineer, Cooling Systems","job_level":"senior","job_specialty":["liquid cooling design","CRAH/chilled water","thermal management"],"posted_date":"2026-04-28"},{"job_title":"Critical Facilities Electrical Engineer","job_level":"mid","job_specialty":["medium voltage distribution","switchgear","UPS systems"],"posted_date":"2026-04-09"},{"job_title":"Director, Energy and Grid Strategy","job_level":"director","job_specialty":["grid interconnect","power procurement","renewable energy"],"posted_date":"2026-03-25"},{"job_title":"Senior Data Center Development Project Manager","job_level":"senior","job_specialty":["data center construction","capital projects"],"posted_date":"2026-03-03"},{"job_title":"Data Center Commissioning Manager","job_level":"senior","job_specialty":["Cx levels 1-5","integrated systems testing"],"posted_date":"2026-02-20"}],"citation_url":"/companies/iron-mountain","last_updated":"2026-05-14T14:33:37.941141+00:00","generated_at":"2026-05-19T12:01:58.895Z"}