Overview Dividends

(IRM) Iron Mountain - Ratings and Ratios

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

Storage, Archiving, Data Centers, Asset Management

EPS (Earnings per Share)

EPS Growth (3y CAGR): 8.64%
EPS Trend (3y Corr): 56.0%

Last SUE: 0.27σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): 12.17%
Revenue Trend (3y Corr): 99.2%

Last SUE: 0.03σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	41.6%
Value at Risk 5%th	67.8%
Relative Tail Risk	-1.03%

Reward TTM
Sharpe Ratio	-0.88
Alpha	-38.37

Character TTM
Hurst Exponent	0.578
Beta	1.028
Beta Downside	1.239

Drawdowns 3y
Max DD	39.03%
Mean DD	9.40%
Median DD	5.21%

Description: IRM Iron Mountain October 14, 2025

Iron Mountain Incorporated (NYSE: IRM) provides information-management, digital-transformation, security, data-center, and asset-lifecycle services to over 240,000 customers in 61 countries, including roughly 95 % of the Fortune 1000. The company positions itself as a bridge between physical and digital assets, emphasizing safety, security, sustainability, and innovation.

Key operating metrics (FY 2023) show total revenue of $1.61 billion, an adjusted EBITDA margin of 38 %, and a portfolio occupancy rate of ~93 % across its storage and data-center facilities. IRM’s dividend yield sits near 5.2 % with a payout ratio of ≈ 70 %, reflecting its REIT-style cash-flow generation. The firm has delivered a compound annual revenue growth of ≈ 5 % over the past five years, driven largely by expanding data-center capacity.

Sector-wide, demand for secure off-site storage and colocation services is being accelerated by stricter data-privacy regulations (e.g., GDPR, CCPA) and the ongoing digital-transformation of enterprises, which raise the “information-as-an-asset” valuation. However, IRM’s valuation is sensitive to interest-rate movements, as higher rates compress REIT yields and increase borrowing costs for capital-intensive expansions.

For a deeper, data-driven assessment of IRM’s risk-adjusted upside, you may find the analytics on ValueRay worth exploring.

IRM Stock Overview

Market Cap in USD	27,008m
Sub-Industry	Other Specialized REITs
IPO / Inception	1996-01-31
Return 12m vs S&P 500	-34.2%
Analyst Rating	4.10 of 5

IRM Dividends

Metric	Value
Dividend Yield	4.54%
Yield on Cost 5y	18.93%
Yield CAGR 5y	9.16%
Payout Consistency	94.1%
Payout Ratio	1.6%

IRM Growth Ratios

Metric	Value
CAGR 3y	20.54%
CAGR/Max DD Calmar Ratio	0.53
CAGR/Mean DD Pain Ratio	2.18
Current Volume	3687.9k
Average Volume	1776.5k

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (159.3m TTM) > 0 and > 6% of Revenue (6% = 398.4m TTM)

FCFTA -0.06 (>2.0%) and ΔFCFTA -3.75pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -14.68% (prev -9.81%; Δ -4.87pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 1.27b > Net Income 159.3m (YES >=105%, WARN >=100%)

Net Debt (18.28b) to EBITDA (2.08b) ratio: 8.81 <= 3.0 (WARN <= 3.5)

Current Ratio 0.66 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (298.0m) change vs 12m ago 1.49% (target <= -2.0% for YES)

Gross Margin 55.63% (prev 56.43%; Δ -0.80pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 33.96% (prev 32.42%; Δ 1.54pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.28 (EBITDA TTM 2.08b / Interest Expense TTM 822.2m) >= 6 (WARN >= 3)

Altman Z'' -1.05

(A) -0.05 = (Total Current Assets 1.88b - Total Current Liabilities 2.86b) / Total Assets 20.63b

(B) -0.25 = Retained Earnings (Balance) -5.24b / Total Assets 20.63b

(D) -0.26 = Book Value of Equity -5.61b / Total Liabilities 21.24b

Total Rating: -1.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 41.84

1. Piotroski 2.0pt

2. FCF Yield -2.56%

3. FCF Margin -17.44%

4. Debt/Equity -20.95

5. Debt/Ebitda 8.81

6. ROIC - WACC (= -0.07)%

7. RoE -22.34%

8. Rev. Trend 99.25%

9. EPS Trend 56.04%

What is the price of IRM shares?

As of November 21, 2025, the stock is trading at USD 83.00 with a total of 3,687,926 shares traded.
Over the past week, the price has changed by -9.16%, over one month by -21.57%, over three months by -8.34% and over the past year by -26.35%.

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.

Strong Buy: 4
Buy: 5
Hold: 0
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the IRM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	116.7	40.6%
Analysts Target Price	116.7	40.6%
ValueRay Target Price	105.5	27.1%

IRM Fundamental Data Overview November 15, 2025

Market Cap USD = 27.01b (27.01b USD * 1.0 USD.USD)
P/E Trailing = 169.2037
P/E Forward = 52.0833
P/S = 4.0676
P/B = 1516.5122
P/EG = 1.08
Beta = 1.132
Revenue TTM = 6.64b USD
EBIT TTM = 1.05b USD
EBITDA TTM = 2.08b USD
Long Term Debt = 15.49b USD (from longTermDebt, last quarter)
Short Term Debt = 699.3m USD (from shortTermDebt, last quarter)
Debt = 18.48b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.28b USD (from netDebt column, last quarter)
Enterprise Value = 45.29b USD (27.01b + Debt 18.48b - CCE 195.2m)
Interest Coverage Ratio = 1.28 (Ebit TTM 1.05b / Interest Expense TTM 822.2m)
FCF Yield = -2.56% (FCF TTM -1.16b / Enterprise Value 45.29b)
FCF Margin = -17.44% (FCF TTM -1.16b / Revenue TTM 6.64b)
Net Margin = 2.40% (Net Income TTM 159.3m / Revenue TTM 6.64b)
Gross Margin = 55.63% ((Revenue TTM 6.64b - Cost of Revenue TTM 2.95b) / Revenue TTM)
Gross Margin QoQ = 54.85% (prev 55.91%)
Tobins Q-Ratio = 2.20 (Enterprise Value 45.29b / Total Assets 20.63b)
Interest Expense / Debt = 1.14% (Interest Expense 209.7m / Debt 18.48b)
Taxrate = 16.14% (16.6m / 102.8m)
NOPAT = 883.3m (EBIT 1.05b * (1 - 16.14%))
Current Ratio = 0.66 (Total Current Assets 1.88b / Total Current Liabilities 2.86b)
Debt / Equity = -20.95 (negative equity) (Debt 18.48b / totalStockholderEquity, last quarter -882.0m)
Debt / EBITDA = 8.81 (Net Debt 18.28b / EBITDA 2.08b)
Debt / FCF = -15.79 (negative FCF - burning cash) (Net Debt 18.28b / FCF TTM -1.16b)
Total Stockholder Equity = -712.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.77% (Net Income 159.3m / Total Assets 20.63b)
RoE = -22.34% (negative equity) (Net Income TTM 159.3m / Total Stockholder Equity -712.8m)
RoCE = 7.13% (EBIT 1.05b / Capital Employed (Equity -712.8m + L.T.Debt 15.49b))
RoIC = 6.14% (NOPAT 883.3m / Invested Capital 14.39b)
WACC = 6.21% (E(27.01b)/V(45.49b) * Re(9.80%) + D(18.48b)/V(45.49b) * Rd(1.14%) * (1-Tc(0.16)))
Discount Rate = 9.80% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.50%
Fair Price DCF = unknown (Cash Flow -1.16b)
EPS Correlation: 56.04 | EPS CAGR: 8.64% | SUE: 0.27 | # QB: 0
Revenue Correlation: 99.25 | Revenue CAGR: 12.17% | SUE: 0.03 | # QB: 0

Additional Sources for IRM Stock

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