IRM Stock Analysis: Iron Mountain | NYSE
REIT - Specialty | NYSE, USA | Market Cap: 33.664m USD | 12M Return: 18.9% | US46284V1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 144M
EPS Trend: 85.4%
Qual. Beats: 2
Rev. Trend: 99.4%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company headquartered in Portsmouth, New Hampshire, and incorporated in Delaware since its founding in 1951. The company serves more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000, offering solutions spanning physical and digital information management, digital transformation, information security, data center services, and asset lifecycle management.
Despite its operational focus on records management and data centers, Iron Mountain is classified under the Real Estate sector as a Specialized REIT, reflecting its significant ownership of physical storage facilities and data center properties that generate rental-based revenue. The company trades as a large-cap stock on the NYSE and has been publicly listed since its 1996 IPO.
- Data center expansion drives long-term revenue growth
- Storage rental rate increases boost recurring income
- Hyperscale customer wins accelerate digital transformation segment
- Data center supply-demand tightening supports pricing power
| Net Income: 418.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 3.05 > 1.0 |
| NWC/Revenue: -10.50% < 20% (prev -17.10%; Δ 6.60% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.66b > Net Income 418.7m |
| Net Debt (21.7b) to EBITDA (2.50b): 8.67 < 3 |
| Current Ratio: 0.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (299.8m) vs 12m ago 1.52% < -2% |
| Gross Margin: 54.21% > 18% (prev 56.04%; Δ -1.83% > 0.5%) |
| Asset Turnover: 35.90% > 50% (prev 31.93%; Δ 3.97% > 0%) |
| Interest Coverage Ratio: 1.62 > 6 (EBIT TTM 1.46b / Interest Expense TTM 900.2m) |
| A: -0.04 (Total Current Assets 2.10b - Total Current Liabilities 2.90b) / Total Assets 22.0b |
| B: -0.26 (Retained Earnings -5.69b / Total Assets 22.0b) |
| C: 0.07 (EBIT TTM 1.46b / Avg Total Assets 21.1b) |
| D: -0.06 (Book Value of Equity -1.28b / Total Liabilities 22.8b) |
| Altman-Z'' = -0.67 = B |
| DSRI: 0.91 (Receivables 1.49b/1.39b, Revenue 7.56b/6.44b) |
| GMI: 1.03 (GM 56.04% / 54.21%) |
| AQI: 0.93 (AQ_t 0.33 / AQ_t-1 0.35) |
| SGI: 1.17 (Revenue 7.56b / 6.44b) |
| TATA: -0.06 (NI 418.7m - CFO 1.66b) / TA 22.0b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of November 02, 2026, the stock is trading at USD 116.55 with a total of 1,070,970 shares traded. Over the past week, the price has changed by +5.99%, over one month by +4.53%, over three months by -5.76% and over the past year by +18.93%.
Current recommended Stop Loss: 111.60 (which is 4.2% or 1.4 ATR below the current price).
Iron Mountain has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy IRM.
- StrongBuy: 7
- Buy: 4
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 144 | 23.6% |
P/E Trailing = 80.7714
P/E Forward = 55.8659
P/S = 4.4515
P/B = 1516.5122
P/EG = 2.701
Revenue TTM = 7.56b USD
EBIT TTM = 1.46b USD
EBITDA TTM = 2.50b USD
Long Term Debt = 17.1b USD (from longTermDebt, last quarter)
Short Term Debt = 220.8m USD (from shortTermDebt, last quarter)
Debt = 21.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.27b
Net Debt = 21.7b USD (calculated: Debt 21.9b - CCE 204.8m)
Enterprise Value = 55.3b USD (33.7b + Debt 21.9b - CCE 204.8m)
Interest Coverage Ratio = 1.62 (Ebit TTM 1.46b / Interest Expense TTM 900.2m)
EV/FCF = -115.0x (Enterprise Value 55.3b / FCF TTM -481.0m)
FCF Yield = -0.87% (FCF TTM -481.0m / Enterprise Value 55.3b)
FCF Margin = -6.36% (FCF TTM -481.0m / Revenue TTM 7.56b)
Net Margin = 5.54% (Net Income TTM 418.7m / Revenue TTM 7.56b)
Gross Margin = 54.21% ((Revenue TTM 7.56b - Cost of Revenue TTM 3.46b) / Revenue TTM)
Gross Margin QoQ = 52.76% (prev 54.04%)
Tobins Q-Ratio = 2.52 (Enterprise Value 55.3b / Total Assets 22.0b)
Interest Expense / Debt = 4.11% (Interest Expense 900.2m / Debt 21.9b)
Taxrate = 13.83% (69.7m / 504.2m)
NOPAT = 1.26b (EBIT 1.46b * (1 - 13.83%))
Current Ratio = 0.73 (Total Current Assets 2.10b / Total Current Liabilities 2.90b)
Debt / Equity = -17.08 (negative equity) (Debt 21.9b / totalStockholderEquity, last quarter -1.28b)
Debt / EBITDA = 8.67 (Net Debt 21.7b / EBITDA 2.50b)
Debt / FCF = -45.06 (negative FCF - burning cash) (Net Debt 21.7b / FCF TTM -481.0m)
Total Stockholder Equity = -1.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.99% (Net Income 418.7m / Total Assets 22.0b)
RoE = -38.42% (negative equity) (Net Income TTM 418.7m / Total Stockholder Equity -1.09b)
RoCE = 9.11% (EBIT 1.46b / Capital Employed (Equity -1.09b + L.T.Debt 17.1b))
RoIC = 6.60% (NOPAT 1.26b / Invested Capital 19.1b)
WACC = 7.09% (E(33.7b)/V(55.5b) * Re(9.40%) + D(21.9b)/V(55.5b) * Rd(4.11%) * (1-Tc(0.14)))
Discount Rate = 9.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.43 | Cagr: 0.69%
[DCF] Fair Price = unknown (Cash Flow -481.0m)
EPS Correlation: 85.44 | EPS CAGR: 30.97% | SUE: 2.15 | # QB: 2
Revenue Correlation: 99.43 | Revenue CAGR: 12.86% | SUE: 2.03 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.61 | Chg30d=+0.26% | Revisions=-22% | Analysts=6
EPS current Year (2026-12-31): EPS=2.48 | Chg30d=+0.06% | Revisions=+25% | GrowthEPS=+17.1% | GrowthRev=+16.4%
EPS next Year (2027-12-31): EPS=2.73 | Chg30d=+0.05% | Revisions=-25% | GrowthEPS=+10.0% | GrowthRev=+8.9%
[Analyst] Revisions Ratio: -18% (up=3, down=5)