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Friday 6 November 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.

Revenue
+13.5%
EPS
+50.0%
Free cash flow
−13.0%
Total debt
+11.0%

Quarter to September 2026, against a year earlier

106.65 12.01 −10.12%
Market cap
$31.4B
P/E
69.3×
Fwd P/E
63.1×
Dividend yield
3.24%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Iron Mountain Incorporated (IRM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Iron Mountain Incorporated (IRM) trades at a EV/EBITDA of 18.5×. Over the past ten years it has ranged from 10.2× (January 2021) to 27.5× (October 2024); the current reading is higher than 77% of that period. That is above the Reit Specialty industry median of 17.4× and above the Real Estate sector median of 15.5×.

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
Sep 2026 19.0× (11.72%)
Jun 2026 21.6× 9.55%
Mar 2026 19.7× 7.15%
Dec 2025 18.4× (15.75%)
43 more quarters

Against its own ten years

Low 10.2× High 27.5×
Ten-year median 14.4×
Current reading's percentile 77

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.9×
WY Weyerhaeuser Company compare 15.5×
LAMR Lamar Advertising Company compare 17.4×
AMT American Tower Corporation compare 17.8×
IRM Iron Mountain Incorporated 18.5×
SBAC SBA Communications Corporation compare 19.2×
CCI Crown Castle Inc. compare 20.9×
EQIX Equinix, Inc. compare 26.5×
DLR Digital Realty Trust, Inc. compare 37.4×
Reit Specialty industry median 17.4×
Real Estate sector median 15.5×
Market median 10.9×

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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