IRM Stock Analysis: Iron Mountain | NYSE
REIT - Specialty | NYSE, USA | Market Cap: 39.404m USD | 12M Return: 20.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 196M
EPS Trend: 55.7%
Qual. Beats: 0
Rev. Trend: 99.6%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 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 company headquartered in Portsmouth, New Hampshire, and incorporated in Delaware since its founding in 1951. It serves more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000, providing services spanning information management, digital transformation, information security, data center operations, and asset lifecycle management.
Classified within the Real Estate sector as an Other Specialized REIT, Iron Mountains business model combines service-based revenue with a substantial owned-property portfolio of records storage facilities and data centers, a structure that requires it to distribute the majority of its taxable income to shareholders as dividends.
- Data center segment revenue grows with hyperscale lease wins
- Records storage declines as customers digitize physical archives
- Interest rate hikes pressure REIT valuations across the sector
| Net Income: 272.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 0.64 > 1.0 |
| NWC/Revenue: 20.62% < 20% (prev -17.41%; Δ 38.03% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.48b > Net Income 272.3m |
| Net Debt (21.7b) to EBITDA (2.33b): 9.35 < 3 |
| Current Ratio: 3.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (298.8m) vs 12m ago 0.53% < -2% |
| Gross Margin: 55.02% > 18% (prev 56.05%; Δ -1.04% > 0.5%) |
| Asset Turnover: 35.47% > 50% (prev 32.36%; Δ 3.11% > 0%) |
| Interest Coverage Ratio: 1.47 > 6 (EBIT TTM 1.30b / Interest Expense TTM 886.2m) |
| A: 0.07 (Total Current Assets 2.04b - Total Current Liabilities 548.9m) / Total Assets 21.5b |
| B: -0.26 (Retained Earnings -5.53b / Total Assets 21.5b) |
| C: 0.06 (EBIT TTM 1.30b / Avg Total Assets 20.4b) |
| D: -0.05 (Book Value of Equity -1.22b / Total Liabilities 22.4b) |
| Altman-Z'' = -0.01 = B |
| DSRI: 0.94 (Receivables 1.42b/1.31b, Revenue 7.25b/6.27b) |
| GMI: 1.02 (GM 56.05% / 55.02%) |
| AQI: 0.28 (AQ_t 0.10 / AQ_t-1 0.36) |
| SGI: 1.16 (Revenue 7.25b / 6.27b) |
| TATA: -0.06 (NI 272.3m - CFO 1.48b) / TA 21.5b) |
| Beneish M = -3.38 (Cap -4..+1) = AA |
As of July 05, 2026, the stock is trading at USD 117.16 with a total of 2,957,700 shares traded. Over the past week, the price has changed by -10.61%, over one month by -7.81%, over three months by +13.03% and over the past year by +20.33%.
Current recommended Stop Loss: 111.40 (which is 4.9% or 1.4 ATR below the current price).
Iron Mountain has received a consensus analysts rating of 4.27. Therefore, it is recommended to buy IRM.
- StrongBuy: 6
- Buy: 4
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 131.6 | 12.3% |
P/E Trailing = 145.5385
P/E Forward = 65.3595
P/S = 5.4385
P/B = 1516.5122
P/EG = 2.701
Revenue TTM = 7.25b USD
EBIT TTM = 1.30b USD
EBITDA TTM = 2.33b USD
Long Term Debt = 16.9b USD (from longTermDebt, last quarter)
Short Term Debt = 548.9m USD (from shortTermDebt, last quarter)
Debt = 22.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.28b
Net Debt = 21.7b USD (calculated: Debt 22.0b - CCE 250.7m)
Enterprise Value = 61.2b USD (39.4b + Debt 22.0b - CCE 250.7m)
Interest Coverage Ratio = 1.47 (Ebit TTM 1.30b / Interest Expense TTM 886.2m)
EV/FCF = -66.72x (Enterprise Value 61.2b / FCF TTM -916.6m)
FCF Yield = -1.50% (FCF TTM -916.6m / Enterprise Value 61.2b)
FCF Margin = -12.65% (FCF TTM -916.6m / Revenue TTM 7.25b)
Net Margin = 3.76% (Net Income TTM 272.3m / Revenue TTM 7.25b)
Gross Margin = 55.02% ((Revenue TTM 7.25b - Cost of Revenue TTM 3.26b) / Revenue TTM)
Gross Margin QoQ = 54.04% (prev 55.38%)
Tobins Q-Ratio = 2.85 (Enterprise Value 61.2b / Total Assets 21.5b)
Interest Expense / Debt = 4.03% (Interest Expense 886.2m / Debt 22.0b)
Taxrate = 19.99% (71.2m / 356.2m)
NOPAT = 1.04b (EBIT 1.30b * (1 - 19.99%))
Current Ratio = 1.53 (Total Current Assets 2.04b / Total Current Liabilities 1.33b)
Debt / Equity = -18.11 (negative equity) (Debt 22.0b / totalStockholderEquity, last quarter -1.22b)
Debt / EBITDA = 9.35 (Net Debt 21.7b / EBITDA 2.33b)
Debt / FCF = -23.73 (negative FCF - burning cash) (Net Debt 21.7b / FCF TTM -916.6m)
Total Stockholder Equity = -961.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.33% (Net Income 272.3m / Total Assets 21.5b)
RoE = -28.33% (negative equity) (Net Income TTM 272.3m / Total Stockholder Equity -961.4m)
RoCE = 8.16% (EBIT 1.30b / Capital Employed (Equity -961.4m + L.T.Debt 16.9b))
RoIC = 4.90% (NOPAT 1.04b / Invested Capital 21.2b)
WACC = 6.90% (E(39.4b)/V(61.4b) * Re(8.96%) + D(22.0b)/V(61.4b) * Rd(4.03%) * (1-Tc(0.20)))
Discount Rate = 8.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 0.57%
[DCF] Fair Price = unknown (Cash Flow -916.6m)
EPS Correlation: 55.65 | EPS CAGR: 14.26% | SUE: 0.74 | # QB: 0
Revenue Correlation: 99.63 | Revenue CAGR: 12.05% | SUE: 3.67 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.56 | Chg30d=+0.00% | Revisions=+0% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.62 | Chg30d=+0.00% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=2.43 | Chg30d=+0.00% | Revisions=+67% | GrowthEPS=+14.8% | GrowthRev=+14.7%
EPS next Year (2027-12-31): EPS=2.67 | Chg30d=+0.00% | Revisions=+67% | GrowthEPS=+9.9% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: +65% (up=20, down=3)