Iron Mountain Inc
Iron Mountain Incorporated, a Delaware corporation ("IMI"), was founded in an underground facility near Hudson, New York in 1951 where it stored business records. Today, we are a global leader in information management services, and we are trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intellige…
$114.72
+$1.66 (+1.47%)
Price from 2 days ago
16.86% operating margin is respectable but not wide. ROIC at 6.08%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.2%, still solid.
At 81x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$932M. The business is consuming cash, not generating it.
81.4x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7.56B
▲ +12.2% YoY
Net Income (TTM)
$419M
▼ -19.7% YoY
Op. Margin
18.76%
▲ +0.4pp YoY
ROIC
6.77%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$491M
▼ -56.6% YoY
Op. Cash Flow (TTM)
$1.66B
▲ +12.0% YoY
Net Debt
$20.30B
Cash & Equiv.
$205M
5Y CAGR: +10.7%
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SourceComputed from the 10-Q filed 24 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Iron Mountain (IRM) overvalued?
At a P/E of 81.4, Iron Mountain (IRM)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Iron Mountain scores 63/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Iron Mountain a high-quality business?+
Iron Mountain scores 63 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 18.8% operating margin and a 6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Iron Mountain (IRM) pay a dividend, and how much?+
Yes, Iron Mountain pays a regular dividend of about $3.32 per share per year (typically in quarterly installments), a yield of roughly 2.9% at the current price. That is a payout ratio of about 238.1% of earnings, so the dividend is stretched at this level. Iron Mountain has grown the dividend at roughly 6.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IRM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Iron Mountain a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh IRM's valuation and scores 63/100 on quality (solid). It also yields about 2.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in IRM's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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