Sunday 1 November 2026
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Iron Mountain Incorporated
IRM Real Estate Reit Specialty
Iron Mountain Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.9 billion, up 12.2% from fiscal 2024.
- Revenue
- +18.5%
- EPS
- +326.7%
- Free cash flow
- +58.6%
- Total debt
- +11.2%
Quarter to June 2026, against a year earlier
116.55
1.83
−1.55%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
71.96 | 54.51 | 25.52 | 34.64 | 24.77 | 33.76 | 25.87 | 108.94 | 172.31 | 172.81 |
Piotroski F-Score |
4 | 7 | 5 | 4 | 7 | 7 | 6 | 3 | 4 | 5 |
P/S ratio |
2.32 | 2.60 | 2.19 | 2.15 | 2.05 | 3.37 | 2.83 | 3.66 | 5.01 | 3.55 |
P/FCF ratio |
42.50 | 30.12 | 18.60 | 23.23 | 7.66 | 36.04 | 67.68 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
67.17 | 49.48 | 29.80 | 28.71 | 23.57 | 51.25 | 39.32 | 44.80 | 71.45 | 49.01 |
P/B ratio |
4.21 | 4.35 | 4.98 | 6.25 | 7.47 | 17.67 | 22.68 | 94.61 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
4.03 | 4.19 | 4.08 | 4.13 | 4.10 | 5.38 | 4.87 | 5.79 | 7.22 | 5.91 |
EV/EBITDA |
14.65 | 13.72 | 11.78 | 12.10 | 10.44 | 15.58 | 13.85 | 18.51 | 22.93 | 18.36 |
EV/Operating CF |
26.04 | 22.36 | 18.43 | 18.22 | 17.21 | 31.84 | 26.81 | 28.51 | 37.10 | 30.43 |
EV/FCF |
73.88 | 48.54 | 34.62 | 44.75 | 15.31 | 57.50 | 116.53 | (170.64) | (69.45) | (38.83) |
Quick Ratio |
0.89 | 1.32 | 0.68 | 0.54 | 0.53 | 0.60 | 0.69 | 0.66 | 0.47 | 0.61 |
Current Ratio |
1.06 | 1.47 | 0.81 | 0.63 | 0.64 | 0.71 | 0.81 | 0.78 | 0.55 | 0.74 |
Net Debt/EBITDA |
6.22 | 5.21 | 5.45 | 5.82 | 5.22 | 5.81 | 5.81 | 6.83 | 7.01 | 7.33 |
Debt/Assets |
65.89% | 64.19% | 68.67% | 62.71% | 61.51% | 64.17% | 65.48% | 68.29% | 73.30% | 77.78% |
Debt/Equity |
3.23 | 3.06 | 4.37 | 5.92 | 7.66 | 10.82 | 16.60 | 56.35 | (45.03) | (23.17) |
Asset Turnover |
0.44 | 0.38 | 0.37 | 0.33 | 0.30 | 0.31 | 0.33 | 0.33 | 0.34 | 0.35 |
Operating CF/Net income |
5.19 | 4.24 | 2.64 | 3.62 | 2.88 | 1.69 | 1.67 | 6.04 | 6.64 | 9.27 |
Capex/Depreciation |
(0.76) | (0.72) | (0.67) | (0.85) | 0.18 | (0.49) | (0.96) | (1.63) | (1.98) | (2.21) |
Interest Coverage |
1.61 | 1.79 | 1.97 | 1.86 | 2.23 | 2.04 | 2.15 | 1.57 | 1.40 | 1.40 |
| 8.50% | 8.03% | 17.01% | 16.07% | 26.35% | 45.16% | 74.57% | 43.42% | (387.84%) | (28.52%) | |
| 1.32% | 1.66% | 3.10% | 2.08% | 2.45% | 3.15% | 3.64% | 1.10% | 1.00% | 0.73% | |
ROIC |
3.94% | 4.71% | 5.13% | 4.92% | 6.06% | 5.41% | 5.93% | 4.83% | 4.76% | 4.67% |
Return on Tangible Assets |
3.33% | 4.21% | 8.41% | 6.84% | 9.07% | 11.01% | 11.74% | 3.17% | 2.89% | 1.63% |
Average Days of Receivables |
71.85 | 79.32 | 73.15 | 72.84 | 75.63 | 78.13 | 84.03 | 83.91 | 76.64 | 76.35 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
28.15% | 24.37% | 23.83% | 23.26% | 22.89% | 22.77% | 22.35% | 22.56% | 21.78% | 20.20% |
Intangible Assets out of Total Assets |
0.54 | 0.50 | 0.50 | 0.43 | 0.42 | 0.39 | 0.39 | 0.36 | 0.34 | 0.31 |
Share Based Compensation of Revenue |
0.83% | 0.78% | 0.74% | 0.84% | 0.91% | 1.36% | 1.11% | 1.35% | 1.92% | 2.03% |
Graham Net Nets |
(0.79) | (0.67) | (0.95) | (1.22) | (1.38) | (0.80) | (0.97) | (0.77) | (0.56) | (0.81) |
Graham Number |
9.02 | 11.59 | 13.64 | 10.28 | 10.28 | 10.16 | 9.73 | 3.21 | 0.00 | 0.00 |
Earnings Yield |
1.39% | 1.83% | 3.92% | 2.89% | 4.04% | 2.96% | 3.87% | 0.92% | 0.58% | 0.58% |
Free Cash Flow Yield |
2.35% | 3.32% | 5.37% | 4.30% | 13.06% | 2.77% | 1.48% | (0.93%) | (2.07%) | (4.29%) |
Revenue per Share |
14.26 | 14.46 | 14.78 | 14.85 | 14.39 | 15.52 | 17.55 | 18.77 | 20.96 | 23.36 |
Operating CF per Share |
2.21 | 2.71 | 3.27 | 3.37 | 3.43 | 2.62 | 3.19 | 3.81 | 4.08 | 4.54 |
Capex per Share |
(1.43) | (1.46) | (1.53) | (2.00) | 0.42 | (1.17) | (2.45) | (4.42) | (6.26) | (7.90) |
Free Cash Flow per Share |
0.78 | 1.25 | 1.74 | 1.37 | 3.85 | 1.45 | 0.74 | (0.61) | (2.18) | (3.36) |
Cash per Share |
0.96 | 3.48 | 0.58 | 0.67 | 0.71 | 0.88 | 0.49 | 0.76 | 0.53 | 0.54 |
Shareholders Equity per Share |
7.87 | 8.65 | 6.51 | 5.10 | 3.94 | 2.96 | 2.19 | 0.73 | (1.04) | (2.40) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.87 | 8.65 | 6.51 | 5.10 | 3.94 | 2.96 | 2.19 | 0.73 | (1.04) | (2.40) |
Free Cash Flow |
191.71 | 332.05 | 498.07 | 393.71 | 1,109.71 | 420.26 | 214.53 | (177.99) | (639.26) | (993.48) |
Working Capital |
65.55 | 620.14 | (282.66) | (713.17) | (725.91) | (577.31) | (370.42) | (500.64) | (1,396.05) | (684.51) |
Capital Expenditures |
(352.19) | (388.92) | (437.48) | (572.94) | 122.06 | (338.64) | (713.16) | (1,291.55) | (1,835.97) | (2,333.48) |
Net Current Asset Value |
(6,438.02) | (6,723.24) | (8,786.64) | (11,116.25) | (11,742.75) | (12,151.69) | (13,956.57) | (15,526.48) | (17,330.57) | (19,899.37) |
EV/EBIT |
28.24 | 25.42 | 21.33 | 22.55 | 18.18 | 28.29 | 23.69 | 34.44 | 43.98 | 35.04 |
Capex to Sales |
0.10 | 0.10 | 0.10 | 0.13 | (0.03) | 0.08 | 0.14 | 0.24 | 0.30 | 0.34 |
Price to Operating Income |
16.24 | 15.77 | 11.46 | 11.71 | 9.09 | 17.73 | 13.76 | 21.74 | 30.54 | 21.05 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.15 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.13 | 0.12 | 0.11 |
Cash ROIC |
2.28% | 3.23% | 4.90% | 3.81% | 11.05% | 4.05% | 1.89% | (1.44%) | (4.71%) | (6.26%) |
Accounts Receivable Turnover |
5.59 | 5.04 | 5.02 | 5.02 | 4.85 | 4.93 | 4.78 | 4.50 | 4.82 | 5.05 |
Accounts Payable Turnover |
7.10 | 6.51 | 5.90 | 5.70 | 5.13 | 5.18 | 5.22 | 4.67 | 4.43 | 4.43 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
51.73 | 63.39 | 64.86 | 64.65 | 74.74 | 71.39 | 78.23 | 83.53 | 91.87 | 84.23 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
627.83 | 763.50 | 841.32 | 848.80 | 855.02 | 910.38 | 1,068.17 | 1,217.37 | 1,275.60 | 1,367.52 |
Average Payables |
220.89 | 255.67 | 303.95 | 321.74 | 342.29 | 364.50 | 419.17 | 504.40 | 609.16 | 694.69 |
Average Assets |
7,918.69 | 10,229.60 | 11,414.81 | 12,837.02 | 13,983.05 | 14,299.65 | 15,295.27 | 16,807.16 | 18,095.46 | 19,921.07 |
Average Common Equity |
1,232.64 | 2,117.76 | 2,080.65 | 1,663.35 | 1,300.48 | 996.90 | 746.93 | 424.28 | (46.45) | (507.00) |
Columns are period end dates