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/S ratio
As of 16 October 2026, Iron Mountain Incorporated (IRM) trades at a P/S ratio of 4.4×. Over the past ten years it has ranged from 1.4× (April 2020) to 6.3× (October 2024); the current reading is higher than 85% of that period. That is below the Reit Specialty industry median of 5.9× and above the Real Estate sector median of 2.9×.
P/S ratio, daily
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Annual newest first
| Period | P/S ratio | Change |
|---|---|---|
| FY2025 | 3.6× | (29.19%) |
| FY2024 | 5.0× | 37.15% |
| FY2023 | 3.7× | 29.17% |
| FY2022 | 2.8× | (16.07%) |
| FY2021 | 3.4× | 64.63% |
| FY2020 | 2.0× | (4.53%) |
| FY2019 | 2.1× | (2.15%) |
| FY2018 | 2.2× | (15.68%) |
| FY2017 | 2.6× | 12.07% |
| FY2016 | 2.3× | 22.62% |
Quarterly newest first
| Period | P/S ratio | Change |
|---|---|---|
| Jun 2026 | 5.0× | 18.83% |
| Mar 2026 | 4.2× | 17.87% |
| Dec 2025 | 3.6× | (21.81%) |
| Sep 2025 | 4.5× | (3.43%) |
| 42 more quarters | Free account |
Against its own ten years
P/S ratio against peers
| Company | P/S ratio |
|---|---|
| WY Weyerhaeuser Company compare | 2.1× |
| IRM Iron Mountain Incorporated | 4.4× |
| LAMR Lamar Advertising Company compare | 6.5× |
| GLPI Gaming and Leisure Properties, Inc. compare | 6.8× |
| SBAC SBA Communications Corporation compare | 6.9× |
| AMT American Tower Corporation compare | 7.9× |
| CCI Crown Castle Inc. compare | 8.6× |
| DLR Digital Realty Trust, Inc. compare | 9.2× |
| EQIX Equinix, Inc. compare | 9.9× |
| Reit Specialty industry median | 5.9× |
| Real Estate sector median | 2.9× |
| Market median | 1.9× |
What P/S ratio is
Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.
(Stock Price × Shares (Basic, Weighted) (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/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