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) 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 | Free account |
Against its own ten years
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)
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/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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