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IRM

BEARISH
$112.62 Live
Iron Mountain Incorporated · NYSE
Target $123.64 (+9.8%)
$77.77 52W Range $121.0

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 29, 2026
Market cap
$33.5B
P/E
225.24
ROE
N/A
Profit margin
2.1%
Debt/Equity
N/A
Dividend yield
3.07%

AI Analysis

AI-powered fundamental assessment

Confidence
85%
Iron Mountain (IRM) presents a precarious financial profile, anchored by a stable but mediocre Piotroski F-Score of 4/9 and a massive disconnect between its current price ($112.62) and its growth-based intrinsic value ($3.50). While revenue growth remains strong at 16.6%, earnings are contracting (-14.2%), and the dividend payout ratio of 656.94% is fundamentally unsustainable. Heavy insider selling totaling $63.65M and a bearish technical trend (10/100) further signal a lack of confidence from those closest to the company's operations.

Key Strengths

Strong top-line revenue growth (16.6% YoY)
Robust gross margins at 55.38%
Strong historical 5-year price appreciation (+241.9%)
Positive analyst consensus with a target price of $123.64
Consistent quarterly revenue growth (16.56% Q/Q)

Key Risks

Unsustainable dividend payout ratio (656.94%)
Extreme valuation with a P/E ratio of 225.24
Negative shareholder equity indicated by Price/Book of -33.95
Divergence between revenue growth and earnings decline (-14.2% YoY)
Poor liquidity ratios (Current Ratio 0.74, Quick Ratio 0.61)
AI Fair Value Estimate
Based on comprehensive analysis
$42.5
-62.3% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
37
Weak
Value
15
Future
45
Past
75
Health
40
Dividend
10
AI Verdict
Overvalued with deteriorating fundamentals
Key drivers: Dividend sustainability, Insider selling, Earnings contraction, Valuation premium
Confidence
90%
Value
15/100

Ref P/E 225.24, PEG 2.70, and Intrinsic Value $3.5

Positives
No standout positives identified.
Watchpoints
  • P/E of 225.24 is extreme
  • Price/Book is deeply negative
  • Trades at a massive premium to intrinsic value
Future
45/100

Ref Revenue vs Earnings Growth divergence

Positives
  • Strong revenue growth (16.6%)
Watchpoints
  • Earnings growth is negative (-14.2%)
  • High PEG ratio suggests growth is overpriced
Past
75/100

Ref 5Y Change +241.9%

Positives
  • Strong 5Y and 3Y returns
  • Consistent historical price appreciation
Watchpoints
  • Recent technical trend is bearish (10/100)
Health
40/100

Ref Piotroski F-Score 4/9 and Liquidity Ratios

Positives
  • Piotroski F-Score of 4/9 is stable
Watchpoints
  • Current ratio < 1.0
  • Negative equity (P/B -33.95)
Dividend
10/100

Ref Payout Ratio 656.94%

Positives
  • Yield of 3.07% is attractive on surface
Watchpoints
  • Payout ratio of 656.94% is a critical red flag

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$112.62
Analyst Target
$123.64
Upside/Downside
+9.8%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for IRM and closest competitors.

Updated 2026-04-28
IRM
Iron Mountain Incorporated
Primary
5Y
+241.9%
3Y
+125.9%
1Y
+31.8%
6M
+10.3%
1M
+15.4%
1W
-4.4%
VIC
VICI Properties Inc.
Peer
5Y
+49.9%
3Y
+11.9%
1Y
+2.5%
6M
-2.8%
1M
-3.0%
1W
+0.1%
EXR
Extra Space Storage Inc.
Peer
5Y
+17.8%
3Y
+7.8%
1Y
+4.8%
6M
-3.2%
1M
+9.3%
1W
-2.2%
CCI
Crown Castle Inc.
Peer
5Y
-30.4%
3Y
-20.6%
1Y
-5.9%
6M
-8.4%
1M
-6.5%
1W
+2.4%
AVB
AvalonBay Communities, Inc.
Peer
5Y
+27.0%
3Y
+14.8%
1Y
-13.4%
6M
-9.7%
1M
-1.4%
1W
-2.0%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
225.24
Forward P/E
43.69
PEG Ratio
2.7
P/B Ratio
-33.95
P/S Ratio
4.85
EV/Revenue
7.62
EV/EBITDA
22.6
Market Cap
$33.5B

Profitability

Profit margins and return metrics

Profit Margin 2.1%
Operating Margin 21.96%
Gross Margin 55.38%
ROE N/A
ROA 4.41%

Growth

Revenue and earnings growth rates

Revenue Growth +16.6%
Earnings Growth -14.2%
Q/Q Revenue Growth +16.56%
Q/Q Earnings Growth -14.1%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
N/A
Current Ratio
0.74
Weak
Quick Ratio
0.61
Poor
Cash/Share
$0.54

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$1.8B
Gross Margin
55.4%
Op. Margin
22.0%
Net Margin
4.8%
Total Assets
$21.1B
Liabilities
$21.8B
Equity
$-1.0B
Debt/Equity
-22.19x
Operating CF
$0.5B
CapEx
$-0.6B
Free Cash Flow
$-0.1B
FCF Yield
-14%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-30
$N/A
2026-02-12
$0.61
+3.8% surprise
2025-11-05
$0.54
+2.4% surprise
2025-08-06
$-0.15
-159.5% surprise

Real Estate Sector Comparison

Comparing IRM against 179 companies in the Real Estate sector (8 bullish, 35 neutral, 136 bearish)
P/E Ratio
225.24
This Stock
vs
41.87
Sector Avg
+437.9% (Expensive)
Profit Margin
2.1%
This Stock
vs
11.45%
Sector Avg
-81.7% (Weaker)
Revenue Growth
16.6%
This Stock
vs
15557.44%
Sector Avg
-99.9% (Slower)
Current Ratio
0.74
This Stock
vs
7.46
Sector Avg
-90.1% (Weaker)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

KIDD MARK
Officer
Sell
2026-04-01
6,000 shares · $616,260
MEANEY WILLIAM L
Chief Executive Officer
Sell
2026-04-01
38,474 shares · $3,951,665
MEANEY WILLIAM L
Chief Executive Officer
Option Exercise
2026-04-01
38,474 shares · $1,423,538
BHARGAVA MITHU
Officer
Sell
2026-03-19
59,725 shares · $6,248,239
MEANEY WILLIAM L
Chief Executive Officer
Sell
2026-03-05
98,657 shares · $10,482,131
MEANEY WILLIAM L
Chief Executive Officer
Sell
2026-03-04
197,318 shares · $21,132,767
ALLERTON JENNIFER
Director
Sell
2026-03-02
7,000 shares · $762,160
KIDD MARK
Officer
Sell
2026-03-02
6,000 shares · $643,620
MEANEY WILLIAM L
Chief Executive Officer
Sell
2026-03-02
137,133 shares · $15,001,567
MEANEY WILLIAM L
Chief Executive Officer
Option Exercise
2026-03-02
689,148 shares · $1,423,538
HYTINEN BARRY A
Chief Financial Officer
Stock Award
2026-02-27
232,977 shares
BORGES DANIEL
Officer
Stock Award
2026-02-27
10,730 shares
KIDD MARK
Officer
Stock Award
2026-02-27
149,768 shares
MCINTOSH GREG W
Officer
Stock Award
2026-02-27
123,144 shares
ALTAMURA MICHELLE VERVAIS
General Counsel
Stock Award
2026-02-27
2,963 shares
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A
DEF 14A
2026-03-24

Iron Mountain Inc. (IRM) filed a definitive proxy statement on March 24, 2026, providing shareholders with necessary information and voting materials for the upcoming annual meeting.

8-K
8-K
2026-03-09

Iron Mountain Inc. filed an 8-K to report its fourth quarter and full-year financial results for the fiscal year ending December 31, 2025.

10-K
10-K
2026-02-12

Iron Mountain (IRM) filed its 10-K annual report on February 12, 2026. Due to the limited content provided in the excerpts, specific financial highlights and risk factors are not available for analysis.

8-K
8-K
2026-02-12

Iron Mountain Inc. filed an 8-K on February 12, 2026, likely to announce its fourth quarter and full-year financial results.

8-K
8-K
2025-11-13

Iron Mountain Inc. (IRM) likely reported its third-quarter financial results.

10-Q
10-Q
2025-11-05

Iron Mountain reported strong growth for the nine months ended September 30, 2025, with revenues increasing 10.7% to $5.06 billion and Adjusted EBITDA rising 14.5% to $1.87 billion. While the third quarter showed a significant recovery with net income attributable to the company reaching $84.3 million, nine-month net income declined 27.4% to $55.3 million. This bottom-line compression was primarily driven by a 17.6% increase in other expenses during the nine-month period.

8-K
8-K
2025-11-05

Iron Mountain Inc. (IRM) announced its third-quarter financial results.

8-K
8-K
2025-10-21

Iron Mountain Inc. (IRM) filed an 8-K on October 21, 2025, likely to announce its third-quarter financial results.

8-K
8-K
2025-09-10
10-Q
10-Q
2025-08-06

Iron Mountain reported revenue growth of 11.6% to $1.71 billion and a 15.4% increase in Adjusted EBITDA to $628.4 million for the three months ended June 30, 2025. Despite these operational gains, the company swung to a net loss of $44.9 million attributable to the parent company, compared to a $35.8 million profit in the prior year. This decline was primarily driven by a significant 55% increase in "Other Expenses, Net," which offset growth in operating income.

8-K
8-K
2025-08-06
8-K
8-K
2025-06-20
8-K
8-K
2025-06-04
10-Q
10-Q
2025-05-01
8-K
8-K
2025-05-01
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
11 analysts
Wells Fargo
2026-04-21
Maintains
Overweight Overweight
Freedom Broker
2026-03-04
Maintains
Buy Buy
Barclays
2026-02-23
Maintains
Overweight Overweight
Barclays
2025-11-12
Maintains
Overweight Overweight
Freedom Broker
2025-11-07
Maintains
Buy Buy
JP Morgan
2025-11-06
Maintains
Overweight Overweight

Past News Coverage

Recent headlines mentioning IRM from our newsroom.

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