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

Iron Mountain Incorporated (IRM) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Iron Mountain Incorporated (IRM) trades at a P/E ratio of 80.4×. Over the past ten years it has ranged from 18.6× (June 2015) to 746× (September 2025); the current reading is higher than 70% of that period. That is above the Reit Specialty industry median of 27.3× and above the Real Estate sector median of 21.6×.

P/E ratio, daily

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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
Jun 2026 90.2× (19.62%)
Mar 2026 112× (35.05%)
Dec 2025 173× (10.15%)
Sep 2025 192× (73.75%)
42 more quarters

Against its own ten years

Low 18.6× High 746×
Ten-year median 49.3×
Current reading's percentile 67

P/E ratio against peers

Company P/E ratio
GLPI Gaming and Leisure Properties, Inc. compare 11.5×
SBAC SBA Communications Corporation compare 20.1×
AMT American Tower Corporation compare 25.5×
LAMR Lamar Advertising Company compare 27.4×
WY Weyerhaeuser Company compare 29.7×
CCI Crown Castle Inc. compare 41.5×
EQIX Equinix, Inc. compare 63.1×
IRM Iron Mountain Incorporated 80.4×
DLR Digital Realty Trust, Inc. compare 81.1×
Reit Specialty industry median 27.3×
Real Estate sector median 21.6×
Market median 18.1×

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 →

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