Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Iron Mountain Inc

IRM · NYSE · Real estate

Fundamental quality

DEMANDING

25

out of 100

Breakdown by area

I.GrowthEPS growth: -20% · Revenue growth: 11.4%
19
II.ProfitabilityNet margin: 3.9% · ROE: -23.5%
34
III.Financial healthNet debt/EBITDA: 7.13x · FCF: -8.7%
22

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 growth drags it down the most.

Strengths

  • Growing revenue (11.4% annualized).

Risks and weaknesses

  • Thin margins (net margin of 3.9%).
  • Declining earnings per share (-20% annualized).
  • High leverage (net debt of 7.13× EBITDA).
  • Negative free cash flow.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$4,492M$453M$148M$9,016M
2022$5,104M$562M$52M$10,427M
2023$5,480M$187M-$226M$11,710M
2024$6,150M$184M-$595M$13,563M
2025$6,902M$152M-$932M$16,273M

Between 2021 and 2025, revenue went from $4,492M to $6,902M (+54%) and net income went from $453M to $152M (-66%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

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.

Is Iron Mountain Inc growing?

Its revenue has grown 11.4% annualized in recent years.

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.

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).

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