Applied Digital vs Iron Mountain
Iron Mountain is larger by market cap ($36.4B vs $8.6B). Iron Mountain reports higher tracked revenue ($6.9B vs $611M). Both are primarily Data Center Operators (Colo) companies.
Shared segment: AI & Data Center.
Side-by-side
| Applied Digital | Iron Mountain | |
|---|---|---|
| Market cap | $8.6B | $36.4B |
| Revenue | $611M (FY2026) | $6.9B (FY2025) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | challenger | major |
| Country | United States | United States |
| Tracked suppliers | 7 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 7/100 | 8/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-08-12. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How Applied Digital and Iron Mountain compare
- Size: Iron Mountain is the larger company by market cap.
- Revenue: Iron Mountain reports higher tracked revenue.
- Supply-chain criticality: Iron Mountain has the higher chokepoint score (8/100 vs 7/100).
- Footprint: Applied Digital (United States) vs Iron Mountain (United States).