Iron Mountain Inc. IRM
Real Estate Investment Trusts · data as of November 13, 2026
Iron Mountain Inc. (IRM) is a real estate company listed in the US with a market value of about $33.9B. In the twelve months to September 30, 2026 it had revenue of $7.8B and net income of $459M, a net margin of 5.9%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is value (0/5).
Key numbers: a P/E of 74.3, 5-year revenue growth of 11% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 9% below the current price.
Score: 1.4 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8B | $6.9B | $6.1B | $5.5B | $5.1B | $4.5B | $4.1B | $4.3B | $4.2B | $3.8B | $3.5B |
| Net income | $459M | $145M | $180M | $184M | $557M | $450M | $343M | $267M | $354M | $170M | $105M |
| Free cash flow | -$537M | -$932M | -$595M | -$226M | $52M | $148M | $549M | $274M | $475M | $378M | $215M |
| EPS (diluted) | $1.53 | $0.49 | $0.61 | $0.63 | $1.90 | $1.55 | $1.19 | $0.93 | $1.23 | $0.64 | $0.42 |
| Net margin | 5.9% | 2.1% | 2.9% | 3.4% | 10.9% | 10.0% | 8.3% | 6.3% | 8.4% | 4.4% | 3.0% |
| ROIC | — | 4.6% | 4.8% | 5.1% | 6.7% | 4.9% | 7.1% | 5.1% | 6.2% | 5.4% | 4.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 11 analysts is $138.73, 22% above the current price; targets range from $124.00 to $155.00; the consensus rating is “Buy”; expected EPS is $2.52 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Iron Mountain’s P/E ratio?
About 74.3, based on the last twelve months of diluted earnings per share (forward P/E about 42.6).
Is Iron Mountain stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 9% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Iron Mountain pay a dividend?
Yes. The dividend yield is about 3.53%, and it has paid dividends for 10 years in our data.
Is Iron Mountain a good stock to buy?
We do not give buy or sell advice. Iron Mountain scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.