(IRM) Iron Mountain - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US46284V1017

Stock: Information Storage, Digital Services, Data Centers, Asset Management

Total Rating 39
Risk 47
Buy Signal 0.12
REIT - Specialty +1.8
Other Specialized REITs +2.6
Market Cap: 32,048m
Avg Trading Vol: 191M USD
ATR: 3.29%
Peers RS (IBD): 70.8
Risk 5d forecast
Volatility 31.0%
Relative Tail Risk -3.38%
Reward TTM
Sharpe Ratio 0.74
Alpha 9.75
Character TTM
Beta 0.789
Beta Downside 0.387
Drawdowns 3y
Max DD 39.03%
CAGR/Max DD 0.82

EPS (Earnings per Share)

EPS (Earnings per Share) of IRM over the last years for every Quarter: "2021-03": 0.32, "2021-06": 0.38, "2021-09": 0.4, "2021-12": 0.43, "2022-03": 0.38, "2022-06": 0.46, "2022-09": 0.48, "2022-12": 0.43, "2023-03": 0.42, "2023-06": 0.4, "2023-09": 0.45, "2023-12": 0.52, "2024-03": 0.43, "2024-06": 0.42, "2024-09": 0.44, "2024-12": 0.5, "2025-03": 0.43, "2025-06": 0.48, "2025-09": 0.54, "2025-12": 0.61,
EPS CAGR: 13.45%
EPS Trend: 60.7%
Last SUE: 0.27
Qual. Beats: 0

Revenue

Revenue of IRM over the last years for every Quarter: 2021-03: 1082.04, 2021-06: 1119.756, 2021-09: 1130.148, 2021-12: 1159.587, 2022-03: 1248.046, 2022-06: 1289.534, 2022-09: 1286.945, 2022-12: 1279.049, 2023-03: 1314.349, 2023-06: 1357.936, 2023-09: 1388.175, 2023-12: 1419.829, 2024-03: 1476.863, 2024-06: 1534.409, 2024-09: 1557.358, 2024-12: 1581.279, 2025-03: 1592.529, 2025-06: 1711.948, 2025-09: 1754.093, 2025-12: 1843.167,
Rev. CAGR: 10.96%
Rev. Trend: 98.5%
Last SUE: 1.84
Qual. Beats: 1

Risks

Fundamental:

P/E ratio: 221.0816

Description: IRM Iron Mountain March 04, 2026

Iron Mountain Incorporated (IRM) provides information management services to over 240,000 customers globally, including a significant portion of Fortune 1000 companies. The company operates in 61 countries.

IRMs services span both physical and digital asset management. This includes solutions for information management, digital transformation, information security, data centers, and asset lifecycle management. As an Other Specialized REIT, IRM primarily generates revenue from real estate holdings used for data storage and management.

The company emphasizes safety, security, sustainability, and innovation in its operations.

For more detailed financial and operational insights, ValueRay offers further analysis.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: 144.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -0.90 > 1.0
NWC/Revenue: -9.92% < 20% (prev -22.70%; Δ 12.78% < -1%)
CFO/TA 0.06 > 3% & CFO 1.34b > Net Income 144.6m
Net Debt (18.89b) to EBITDA (2.20b): 8.57 < 3
Current Ratio: 0.74 > 1.5 & < 3
Outstanding Shares: last quarter (298.4m) vs 12m ago 0.72% < -2%
Gross Margin: 55.38% > 18% (prev 0.56%; Δ 5482 % > 0.5%)
Asset Turnover: 34.65% > 50% (prev 32.86%; Δ 1.79% > 0%)
Interest Coverage Ratio: 1.31 > 6 (EBITDA TTM 2.20b / Interest Expense TTM 860.6m)

Altman Z'' -0.94

A: -0.03 (Total Current Assets 1.93b - Total Current Liabilities 2.62b) / Total Assets 21.13b
B: -0.26 (Retained Earnings -5.41b / Total Assets 21.13b)
C: 0.06 (EBIT TTM 1.13b / Avg Total Assets 19.92b)
D: -0.27 (Book Value of Equity -5.77b / Total Liabilities 21.77b)
Altman-Z'' Score: -0.94 = CCC

Beneish M -3.03

DSRI: 1.00 (Receivables 1.44b/1.29b, Revenue 6.90b/6.15b)
GMI: 1.01 (GM 55.38% / 56.15%)
AQI: 0.92 (AQ_t 0.34 / AQ_t-1 0.37)
SGI: 1.12 (Revenue 6.90b / 6.15b)
TATA: -0.06 (NI 144.6m - CFO 1.34b) / TA 21.13b)
Beneish M-Score: -3.03 (Cap -4..+1) = AA

What is the price of IRM shares?

As of March 07, 2026, the stock is trading at USD 107.30 with a total of 1,592,631 shares traded.
Over the past week, the price has changed by -1.87%, over one month by +20.63%, over three months by +28.60% and over the past year by +25.89%.

Is IRM a buy, sell or hold?

Iron Mountain has received a consensus analysts rating of 4.10. Therefore, it is recommended to buy IRM.
  • StrongBuy: 4
  • Buy: 5
  • Hold: 0
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the IRM price?

Issuer Target Up/Down from current
Wallstreet Target Price 121.2 12.9%
Analysts Target Price 121.2 12.9%

IRM Fundamental Data Overview March 01, 2026

P/E Trailing = 221.0816
P/E Forward = 57.8035
P/S = 4.6434
P/B = 1516.5122
P/EG = 1.08
Revenue TTM = 6.90b USD
EBIT TTM = 1.13b USD
EBITDA TTM = 2.20b USD
Long Term Debt = 16.22b USD (from longTermDebt, last quarter)
Short Term Debt = 535.2m USD (from shortTermDebt, last quarter)
Debt = 19.05b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.89b USD (from netDebt column, last quarter)
Enterprise Value = 50.94b USD (32.05b + Debt 19.05b - CCE 158.5m)
Interest Coverage Ratio = 1.31 (Ebit TTM 1.13b / Interest Expense TTM 860.6m)
EV/FCF = -54.68x (Enterprise Value 50.94b / FCF TTM -931.6m)
FCF Yield = -1.83% (FCF TTM -931.6m / Enterprise Value 50.94b)
FCF Margin = -13.50% (FCF TTM -931.6m / Revenue TTM 6.90b)
Net Margin = 2.09% (Net Income TTM 144.6m / Revenue TTM 6.90b)
Gross Margin = 55.38% ((Revenue TTM 6.90b - Cost of Revenue TTM 3.08b) / Revenue TTM)
Gross Margin QoQ = 55.38% (prev 54.85%)
Tobins Q-Ratio = 2.41 (Enterprise Value 50.94b / Total Assets 21.13b)
Interest Expense / Debt = 1.23% (Interest Expense 235.1m / Debt 19.05b)
Taxrate = 10.74% (11.2m / 104.3m)
NOPAT = 1.01b (EBIT 1.13b * (1 - 10.74%))
Current Ratio = 0.74 (Total Current Assets 1.93b / Total Current Liabilities 2.62b)
Debt / Equity = -19.42 (negative equity) (Debt 19.05b / totalStockholderEquity, last quarter -981.0m)
Debt / EBITDA = 8.57 (Net Debt 18.89b / EBITDA 2.20b)
Debt / FCF = -20.28 (negative FCF - burning cash) (Net Debt 18.89b / FCF TTM -931.6m)
Total Stockholder Equity = -832.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.73% (Net Income 144.6m / Total Assets 21.13b)
RoE = -17.37% (negative equity) (Net Income TTM 144.6m / Total Stockholder Equity -832.2m)
RoCE = 7.34% (EBIT 1.13b / Capital Employed (Equity -832.2m + L.T.Debt 16.22b))
RoIC = 6.74% (NOPAT 1.01b / Invested Capital 14.95b)
WACC = 6.34% (E(32.05b)/V(51.10b) * Re(9.45%) + D(19.05b)/V(51.10b) * Rd(1.23%) * (1-Tc(0.11)))
Discount Rate = 9.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.57%
[DCF] Fair Price = unknown (Cash Flow -931.6m)
EPS Correlation: 60.68 | EPS CAGR: 13.45% | SUE: 0.27 | # QB: 0
Revenue Correlation: 98.48 | Revenue CAGR: 10.96% | SUE: 1.84 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.55 | Chg7d=-0.002 | Chg30d=+0.009 | Revisions Net=+0 | Analysts=6
EPS current Year (2026-12-31): EPS=2.31 | Chg7d=+0.044 | Chg30d=+0.049 | Revisions Net=-2 | Growth EPS=+9.2% | Growth Revenue=+12.1%
EPS next Year (2027-12-31): EPS=2.56 | Chg7d=+0.049 | Chg30d=+0.055 | Revisions Net=+1 | Growth EPS=+10.7% | Growth Revenue=+8.5%
[Analyst] Revisions Ratio: +0.00 (2 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 9.0% (Discount Rate 9.4% - Earnings Yield 0.5%)
[Growth] Growth Spread = +3.0% (Analyst 12.0% - Implied 9.0%)

Additional Sources for IRM Stock

Fund Manager Positions: Dataroma | Stockcircle