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

105.05 0.45 −0.43%
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

Iron Mountain Incorporated (IRM) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Iron Mountain Incorporated (IRM) trades at a P/E ratio of 69.3×. Over the past ten years it has ranged from 18.6× (June 2015) to 746× (September 2025); the current reading is higher than 67% of that period. That is above the Reit Specialty industry median of 27.8× and above the Real Estate sector median of 23.6×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2025 173× 0.29%
FY2024 172× 58.18%
FY2023 109× 321.10%
FY2022 25.9× (23.37%)
FY2021 33.8× 36.28%
FY2020 24.8× (28.49%)
FY2019 34.6× 35.74%
FY2018 25.5× (53.18%)
FY2017 54.5× (24.25%)
FY2016 72.0× 57.18%

Quarterly newest first

Period P/E ratio Change
Sep 2026 72.0× (20.15%)
Jun 2026 90.2× (19.62%)
Mar 2026 112× (35.05%)
Dec 2025 173× (10.15%)
43 more quarters

Against its own ten years

Low 18.6× High 746×
Ten-year median 49.6×
Current reading's percentile 64

P/E ratio against peers

Company P/E ratio
GLPI Gaming and Leisure Properties, Inc. compare 12.1×
SBAC SBA Communications Corporation compare 20.8×
AMT American Tower Corporation compare 27.1×
LAMR Lamar Advertising Company compare 27.8×
WY Weyerhaeuser Company compare 34.3×
CCI Crown Castle Inc. compare 47.8×
EQIX Equinix, Inc. compare 59.9×
IRM Iron Mountain Incorporated 69.3×
DLR Digital Realty Trust, Inc. compare 70.2×
Reit Specialty industry median 27.8×
Real Estate sector median 23.6×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on IRM