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.
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Iron Mountain Incorporated (IRM) EV/Sales
As of 16 October 2026, Iron Mountain Incorporated (IRM) trades at a EV/Sales of 6.7×. Over the past ten years it has ranged from 3.3× (January 2016) to 8.5× (October 2024); the current reading is higher than 85% of that period. That is below the Reit Specialty industry median of 8.5× and below the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 5.9× | (18.16%) |
| FY2024 | 7.2× | 24.63% |
| FY2023 | 5.8× | 18.87% |
| FY2022 | 4.9× | (9.41%) |
| FY2021 | 5.4× | 31.29% |
| FY2020 | 4.1× | (0.85%) |
| FY2019 | 4.1× | 1.28% |
| FY2018 | 4.1× | (2.64%) |
| FY2017 | 4.2× | 3.91% |
| FY2016 | 4.0× | 16.55% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 7.2× | 11.20% |
| Mar 2026 | 6.5× | 10.20% |
| Dec 2025 | 5.9× | (14.99%) |
| Sep 2025 | 7.0× | (1.95%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| WY Weyerhaeuser Company compare | 2.8× |
| IRM Iron Mountain Incorporated | 6.7× |
| LAMR Lamar Advertising Company compare | 8.0× |
| AMT American Tower Corporation compare | 11.1× |
| SBAC SBA Communications Corporation compare | 11.2× |
| GLPI Gaming and Leisure Properties, Inc. compare | 11.5× |
| DLR Digital Realty Trust, Inc. compare | 11.7× |
| EQIX Equinix, Inc. compare | 11.8× |
| CCI Crown Castle Inc. compare | 12.6× |
| Reit Specialty industry median | 8.5× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)
More on IRM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement