Iron Mountain Incorporated (Del (IRM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Iron Mountain Incorporated (Del

NYSE•Real Estate•REIT - Specialty

$114.00+1.85(0.02%)After hours

Market Cap

$33.94B

P/E

78.1x

P/S

4.5x

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.

How this company scores

WeakMetricSide Score: 48/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (24/25); weakest: Cash & Earnings Quality (2/25).

Profitability14/25

Growth24/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality2/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 78.1x5y range 25.6x – 674.5x

Currently near its 20-quarter median.

P/S · 4.5x5y range 2.3x – 10.8x

Currently near its 20-quarter median.

P/B · 1256.3x5y range 13.2x – 1256.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $33.94B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.56B
Q. Revenue: $2.03B
TTM EBITDA: $2.51B
TTM Op. Income: $1.42B
Q. Op. Income: $373.53M
TTM Net Income: $434.46M
Q. Net Income: $106.10M
EPS: $0.34
Shares Out.: $297.74M

$7.56B in TTM revenue grew 17.4% YoY, reaching $2.03B last quarter. TTM EBITDA of $2.51B and TTM operating income of $1.42B show growth is flowing through to the bottom line. TTM net income of $434.46M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 32.3%
Op. Margin: 18.4%
Net Margin: 5.2%

Op. margin of 18.4% is up 3.2% YoY — cost efficiency is improving. Net margin at 5.2% Over the past year, operating margin is up 21% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 78.1x
P/S Ratio: 4.5x
P/B Ratio: N/A

At 78.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.5x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $21.96B
Cash: $204.79M
Long-Term Debt: $17.13B
Book Value: $-1.28B
D/E Ratio: N/A
Debt/EBITDA: 26.2

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $549.26M
TTM Free Cash Flow: $-490.92M
FCF Margin: -6.5%
FCF / Net Income: -1.1

TTM FCF of $-490.92M on $549.26M in operating cash flow. The FCF / Net Income ratio of -1.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.