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Saturday 17 October 2026 Export IRM’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 18.5%, EPS grew 326.7%, free cash flow grew 58.6% and total debt rose 11.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

112.51 0.17 −0.15%
Market cap
$33.6B
P/E
80.4×
Fwd P/E
64.9×
Dividend yield
3.07%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Iron Mountain Incorporated (IRM) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Iron Mountain Incorporated (IRM) trades at a EV/EBITDA of 19.9×. Over the past ten years it has ranged from 10.2× (January 2021) to 27.5× (October 2024); the current reading is higher than 81% of that period. That is above the Reit Specialty industry median of 17.3× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.4× (19.94%)
FY2024 22.9× 23.88%
FY2023 18.5× 33.65%
FY2022 13.9× (11.08%)
FY2021 15.6× 49.16%
FY2020 10.4× (13.67%)
FY2019 12.1× 2.67%
FY2018 11.8× (14.15%)
FY2017 13.7× (6.29%)
FY2016 14.6× 23.70%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 21.6× 9.55%
Mar 2026 19.7× 7.15%
Dec 2025 18.4× (15.75%)
Sep 2025 21.8× (3.23%)
42 more quarters

Against its own ten years

Low 10.2× High 27.5×
Ten-year median 14.4×
Current reading's percentile 81

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.5×
WY Weyerhaeuser Company compare 14.1×
LAMR Lamar Advertising Company compare 17.3×
AMT American Tower Corporation compare 17.3×
SBAC SBA Communications Corporation compare 18.8×
CCI Crown Castle Inc. compare 19.5×
IRM Iron Mountain Incorporated 19.9×
EQIX Equinix, Inc. compare 26.7×
DLR Digital Realty Trust, Inc. compare 38.3×
Reit Specialty industry median 17.3×
Real Estate sector median 15.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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