Iron Mountain Incorporated (IRM) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Real Estate · REIT - Specialty
Is Iron Mountain Incorporated a safe investment right now?
Iron Mountain Incorporated is in the Real Estate sector — Altman Z-Score does not apply to this type of company. Our fair value estimate is $122.73 (Watch Zone).
Why the Altman Z-Score does not apply to Iron Mountain Incorporated
The Altman Z-Score is designed for manufacturing and non-financial companies. It uses ratios like Working Capital / Total Assets and Revenue / Total Assets that produce misleading results for Real Estate companies.
- Banks hold massive assets (loans) that inflate Total Assets, making WC/TA nearly zero — a false distress signal
- Utilities carry high regulated debt by design — the model misreads leverage as risk
- REITs use Funds From Operations (FFO), not Free Cash Flow — standard cash flow analysis doesn't apply
Altman Z-Score is designed for manufacturing companies and does not apply to banks, utilities, or REITs.
Note: A sector-specific financial health model for Real Estate companies is planned for a future update.
What is Iron Mountain Incorporated actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Analyst Consensus Target | $122.73 | 11 Wall Street analysts |
| Analyst High / Low | $140.00 / $44.00 | Range of analyst price targets |
| Price / Book | -35.34x | Current market valuation vs book value |
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Why standard moat analysis does not apply to Iron Mountain Incorporated
Our standard moat model uses ROIC stability, gross margin trends, and switching costs — metrics designed for product and service companies. Real Estate companies compete on fundamentally different dimensions.
- Banks — moat comes from deposit cost advantage, net interest margin stability, and fee income diversification
- Utilities — moat is a regulatory monopoly with guaranteed rate of return on invested capital
- REITs — moat comes from property portfolio quality, location, tenant mix, and cap rate advantages
Standard moat analysis (ROIC/gross margin/switching costs) does not reliably apply to Real Estate companies. Banks compete on net interest margin, utilities on regulated returns, and REITs on occupancy and cap rates.
Note: A sector-specific competitive analysis for Real Estate companies is planned for a future update.
Is Iron Mountain Incorporated's dividend safe?
Can Iron Mountain Incorporated afford its dividend?
Payout ratio is 656.9%. FCF covers the dividend 0.1x. 17 consecutive years of payments.
Iron Mountain Incorporated's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $6.9B | $6.1B | $5.1B | Rising |
| Net Income | $0.1B | $0.2B | $0.6B | Declining |
| Free Cash Flow | −$1.0B | −$0.7B | $0.0B | Declining |
| Gross Margin | 55.4% | 56.1% | 57.1% | Stable |
Recent events that affect our IRM analysis
IRM earnings report scheduled
Upcoming report. Consensus EPS estimate: $0.52. Revenue estimate: $1.86B. Our current Fair Value: $122.73 — a significant beat or miss could shift this estimate.
IRM analyst consensus: 91% bullish (10 of 11 analysts)
4 Strong Buy, 6 Buy, 0 Hold, 1 Sell, 0 Strong Sell. Consensus target: $122.73 (4.7% upside). Compare with our independent Fair Value: $122.73.
IRM paid $0.8640/share dividend
Dividend Safety Grade: C. Payout ratio: 656.9%.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM beat EPS estimates by 3.8%
Reported EPS: $0.61 vs estimate $0.59. Earnings strength supports our Fair Value of $122.73 (4.7% above current price).
IRM filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM paid $0.8640/share dividend
Dividend Safety Grade: C. Payout ratio: 656.9%.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM beat EPS estimates by 2.4%
Reported EPS: $0.54 vs estimate $0.53. Earnings strength supports our Fair Value of $122.73 (4.7% above current price).
IRM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM paid $0.7850/share dividend
Dividend Safety Grade: C. Payout ratio: 656.9%.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM missed EPS estimates by 4.2%
Reported EPS: $0.48 vs estimate $0.50. Our Fair Value of $122.73 may face downward pressure if the trend continues.
IRM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM paid $0.7850/share dividend
Dividend Safety Grade: C. Payout ratio: 656.9%.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM beat EPS estimates by 7.0%
Reported EPS: $0.43 vs estimate $0.40. Earnings strength supports our Fair Value of $122.73 (4.7% above current price).
IRM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM paid $0.7850/share dividend
Dividend Safety Grade: C. Payout ratio: 656.9%.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
IRM filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
IRM missed EPS estimates by 6.2%
Reported EPS: $0.50 vs estimate $0.53. Our Fair Value of $122.73 may face downward pressure if the trend continues.
IRM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Iron Mountain Incorporated
What is Iron Mountain Incorporated stock price today?
Iron Mountain Incorporated (IRM) stock price is $117.23 as of the latest market close, traded on the NYSE exchange.
What does Iron Mountain Incorporated do?
Iron Mountain Incorporated is a global leader in information management services, and is trusted by more than 240,000 customers in 61 countries. It also includes approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Their broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management (ALM) needs.
What is Iron Mountain Incorporated market cap?
Iron Mountain Incorporated has a market capitalization of $34.87B, classifying it as a large-cap stock in the Real Estate sector.
What sector and industry is IRM in?
Iron Mountain Incorporated operates in the Real Estate sector, specifically within the REIT - Specialty industry. It trades on the NYSE under the ticker symbol IRM.
Is IRM stock overvalued or undervalued?
Based on our valuation model, Iron Mountain Incorporated trades 4.5% below our fair value estimate — potentially undervalued.
- FairValueLabs Fair Value: $122.73
- Current Price: $117.23
- Valuation Zone: Watch Zone
What is IRM stock forecast and analyst target price?
Based on 11 Wall Street analysts, the consensus price target for Iron Mountain Incorporated is $122.73, implying upside of 4.7% from the current price.
- Analyst High Target: $140.00
- Analyst Low Target: $44.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Iron Mountain Incorporated revenue and earnings growing?
Here are the analyst consensus growth estimates for Iron Mountain Incorporated:
- Revenue growth (current year est.): 12.2%
- EPS growth (current year est.): 9.2%
- Revenue growth (next year est.): 9.0%
- EPS growth (next year est.): 10.7%
What are Iron Mountain Incorporated's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $6.9B | Rising |
| Net Income | $0.1B | Declining |
| Free Cash Flow | −$1.0B | Declining |
| Gross Margin | 55.4% | Stable |
What is IRM's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 239.2x
- Forward P/E (next 12 months est.): 45.8x
How volatile is IRM stock?
Iron Mountain Incorporated has a beta of 1.15, meaning it is somewhat more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Iron Mountain Incorporated have?
Iron Mountain Incorporated's balance sheet shows:
- Total Cash: $158.5M
- Total Debt: $19.12B
- Net Cash Position: $-18.96B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Iron Mountain Incorporated's free cash flow?
Iron Mountain Incorporated generated $-1.17B in trailing twelve-month free cash flow (from $1.34B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Iron Mountain Incorporated pay a dividend, and is it safe?
Yes, Iron Mountain Incorporated pays a regular dividend. Here are the key metrics:
- Dividend Yield: 2.7%
- Payout Ratio: 656.9%
- Consecutive Years Paid: 17
- 5-Year Dividend Growth: -19.0%
- FairValueLabs Safety Grade: C
Is Iron Mountain Incorporated financially healthy?
The Altman Z-Score — the standard bankruptcy prediction model — is not applicable to Real Estate companies like Iron Mountain Incorporated. The formula uses ratios designed for manufacturing firms that produce misleading results for banks, utilities, and REITs.
Does Iron Mountain Incorporated have a competitive moat?
Our standard moat model (based on ROIC, gross margins, and switching costs) does not apply to Real Estate companies. These firms compete on fundamentally different dimensions such as regulatory advantages, deposit cost structures, or property portfolios.
How do I buy IRM stock?
IRM shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol IRM
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is IRM a value stock or speculative?
FairValueLabs classifies Iron Mountain Incorporated as Pure Speculation. It lacks the financial stability or valuation margin typically required for value investing. This stock is considered high risk.
Who is the CEO of Iron Mountain Incorporated?
The current CEO of Iron Mountain Incorporated is Mr. William L. Meaney BSc, MEng, MSIA.
What is IRM's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $0.49
- Forward EPS (next 12 months est.): $2.56
- Analyst consensus EPS (this year): $2.31
- Analyst consensus EPS (next year): $2.56
Other Real Estate companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
IRM analysis methodology: How we calculate fair value, Z-Scores, and moat ratings