IRM
Iron Mountain
$131.86
▲ 3.2%Updated Today 7:15 PM ET
▲ Up 24.5% over the last 12 months
Market Cap
$38.03B
P/E
139.33x
Forward P/E (est.)
99.52x
ROE
85.2%
Revenue Growth
15.6%
EPS Growth
122.2%
Profit Margin
3.8%
FCF Yield
2.8%
Debt / Equity
56.38x
ROIC
6.0%
Interest Coverage
4.46x
Current Ratio
0.77x
Dividend Yield
2.7%
Implied Growth (rev. DCF)
—
Rating Score
44/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what IRM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. IRM trades near $131.86, above its 50-day average ($122.89) and 200-day average ($103.36). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 48 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. IRM's is $3.78 (~2.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month IRM found buyers near $122.39 (support) and sellers near $130.74 (resistance); its 52-week range is $77.77–$134.09. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Iron Mountain (IRM) is a large-cap company in the Other Specialized REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $38.03B.
In its latest reported year it generated about $6.90B in revenue.
Our model rates IRM Neutral (44/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
11.3%
Revenue moved from $4.49B in 2021 to $6.90B in 2025, a 11.3% compound annual growth rate. The most recent year grew a strong 15.6% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
65.0%
Operating Margin
16.9%
Net Margin
3.8%
ROE
85.2%
Iron Mountain keeps about 3.8% of each sales dollar as net profit, with a 65.0% gross margin and 16.9% operating margin. Return on equity is 85.2% and return on invested capital about 6.0%. Thin margins leave less cushion if costs rise.
Total Debt
$17.10B
Net Debt
$16.85B
Net Debt / EBITDA
14.48x
Debt / Equity
56.38x
Leverage: debt-to-equity is 56.4x, and operating profit covers interest about 4.5x, with a current ratio of 0.8x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $17.10B of total debt against $250.71M of cash.
Operating CF
$1.34B
Free Cash Flow
-$931.63M
FCF Margin
-13.5%
In the latest year Iron Mountain produced about $1.34B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 2.8% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
139.33x
P/S
5.51x
P/B
96.26x
EV / EBITDA
25.13x
IRM trades at 139.3x trailing earnings (about 99.5x on estimated forward earnings), 5.5x sales, and 96.3x book value. That is a rich multiple that prices in a lot of future growth.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How IRM stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (31 S&P 500 companies), IRM ranks #22 of 31 by our overall rating. It trades at a premium versus the sector on earnings (139.3x P/E vs. 30.8x median) with a higher return on equity (85.2% vs. 8.0%) and faster revenue growth (15.6% vs. 5.3%).
P/E vs sector
139.3x
median 30.8x
ROE vs sector
85.2%
median 8.0%
Growth vs sector
15.6%
median 5.3%
Sector rank
#22
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$161.76 – $270.89
vs. $131.86 today · expected CAGR 4% – 15%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $8.01B | $9.29B | $10.77B | $12.50B | $14.50B |
| Net income | $320.24M | $371.48M | $430.92M | $499.86M | $579.84M |
| EPS | $1.08 | $1.25 | $1.45 | $1.68 | $1.95 |
| Share price (low) | $89.34 | $103.63 | $120.21 | $139.45 | $161.76 |
| Share price (high) | $149.61 | $173.55 | $201.32 | $233.53 | $270.89 |
| CAGR (low–high) | -32% / 13% | -11% / 15% | -3% / 15% | 1% / 15% | 4% / 15% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for IRM:
- Revenue is growing 15.6% a year, a sign of real demand.
- Strong return on equity (85.2%) shows capital is put to work well.
- Pays a 2.7% dividend on top of any price gains.
The case against IRM:
- Thin net margins (3.8%) leave little room for error.
- Elevated leverage (debt/equity 56.4x) adds financial risk.
- A rich 139.3x earnings multiple prices in a lot of growth.
Valuation risk — at 139.3x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 56.4x magnifies the impact of higher rates or weaker earnings.
Margin risk — thin profitability (3.8%) is vulnerable to cost or pricing pressure.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Iron Mountain is a large-cap real estate business still growing nicely, with modest profitability, and a heavier debt load to watch. It trades at 139.3x earnings, which our model scores Neutral (44/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.