Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
IRM · NYSE · Real estate
Fundamental quality
40
out of 100
Iron Mountain Inc's profile is defined by leverage: it carries high debt (7.13× EBITDA) on thin margins (3.9%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 40 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 7.13× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Iron Mountain began storing documents in an iron mine and ended up as corporate America's archive: paper boxes for nearly the entire Fortune 1000. Its second life is more lucrative: using that recurring cash box and its land to build data centers.
EPS growth: -4.8% · Revenue growth: 11.2%
Net margin: 3.9% · ROIC: 6.7%
Net debt/EBITDA: 7.13x · FCF: -8.7%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.
Percentile against the other 12 Real estate companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 4,147 | 343 | 549 | 8,498 |
| 2021 | 4,492 | 453 | 148 | 9,016 |
| 2022 | 5,104 | 562 | 52 | 10,427 |
| 2023 | 5,480 | 187 | -226 | 11,710 |
| 2024 | 6,150 | 184 | -595 | 13,563 |
| 2025 | 6,902 | 152 | -932 | 16,273 |
Between 2020 and 2025, revenue went from $4,147M to $6,902M (+66%) and net income went from $343M to $152M (-56%). Meanwhile, its margins have narrowed (from 8% to 2%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$3.22
per share, yearly
3 straight years raising it
Growth
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Iron Mountain Inc cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Iron Mountain Inc a good company to invest in?
In terms of business quality, Iron Mountain Inc scores 40 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Iron Mountain Inc a profitable company?
Iron Mountain Inc is profitable, with a net margin of 3.9%, though a thin one.
Does Iron Mountain Inc have a lot of debt?
Yes, its leverage is high: net debt is 7.13 times its EBITDA, and it has been rising.
Is Iron Mountain Inc growing?
Its revenue has grown 11.2% annualized in recent years, and without interruption since 2020.
Does Iron Mountain Inc generate cash?
Over the last twelve months its free cash flow was negative.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Iron Mountain Inc's filings on EDGAR
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