Is Iron Mountain (IRM) overvalued or fairly valued?

MarketChacha shows Iron Mountain's valuation in context — a trailing P/E of about 119.0, a forward P/E of about 40.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Iron Mountain's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (6.98×) from reported figures — education, not a rating.

What is Iron Mountain's revenue?

Iron Mountain reported revenue of $6.9B for FY2025, with net profit of $152.3M, per official filings.

What is the share price of Iron Mountain (IRM)?

Iron Mountain last traded at $113.06 (+1.4% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Iron Mountain

IRM · NYSE · Real Estate · United States

Snapshot

TickerIRM

ExchangeNYSE

SectorReal Estate

IndustryREIT - Specialty

CountryUnited States

Employees29,400

HeadquartersPortsmouth, United States

Websitewww.ironmountain.com

Filings tracked16

About Iron Mountain

Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Iron Mountain Incorporated is based in Portsmouth, New Hampshire. Iron Mountain Incorporated was founded in 1951 and is incorporated in Delaware and is based in Portsmouth, New Hampshire.

Who owns it

Insiders0.9%
Institutions87.8%
Public & other11.3%

1,575 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.28%
Vanguard Portfolio Management LLC8.59%
Vanguard Capital Management LLC6.37%
State Street Corporation5.92%
Cohen & Steers Inc.4.04%
Geode Capital Management, LLC2.91%
FMR, LLC2.64%
Dimensional Fund Advisors LP1.55%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion6.98×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend3.4% → 2.2%

Margin has held broadly steady over the period — stable profitability.

Return on equity88.5%

Latest ROE of 88.5% — capital is generating a healthy return.

Growth qualityrev 12% · PAT -10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.0B · EPS 0.68

Est. earnings growth +11.4%

Next fiscal year

Rev $8.8B · EPS 2.73

Est. earnings growth +10.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$6.9B

Net margin

2.2%

Revenue CAGR (2y)

+12.2%

Profit CAGR (2y)

-9.8%

EPS (FY2025)

0.49

Net profit (FY2025)

$152.3M

Ask MarketChacha about IRM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$6.9B	$152.3M	0.49	2.2%	—
FY2024	$6.1B	$183.7M	0.61	3.0%	—
FY2023	$5.5B	$187.3M	0.63	3.4%	88.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$2.0B	$106.1M	0.34	5.2%
2026Q1	$1.9B	$149.0M	0.48	7.7%
2025Q3	$1.8B	$86.2M	0.28	4.9%
2025Q2	$1.7B	$-43.3M	-0.15	-2.5%
2025Q1	$1.6B	$16.2M	0.05	1.0%
2024Q3	$1.6B	$-33.7M	-0.11	-2.2%
2024Q2	$1.5B	$34.6M	0.12	2.3%
2024Q1	$1.5B	$77.0M	0.25	5.2%
2023Q3	$1.4B	$91.4M	0.31	6.6%
2023Q2	$1.4B	$1.1M	0.00	0.1%
2023Q1	$1.3B	$65.5M	0.22	5.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/5/2026
8-K — Results of operations, Exhibits
SEC8/5/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/26/2026material
8-K — Shareholder vote results, Other events, Exhibits
SEC5/12/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Other events, Exhibits
SEC3/9/2026material
8-K — Results of operations, Exhibits
SEC2/12/2026material
10-K filing
SEC2/12/2026

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC11/13/2025material
8-K — Results of operations, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Executive/director change, Exhibits
SEC10/21/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/10/2025material
8-K — Results of operations, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.