# Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $116.86, market value $34.8 billion.

## Valuation
- **P/E (trailing): 82.9×** (5-yr avg 97.0×, 3-yr avg 144.4×). Iron Mountain Incorporated (Delaware)Common Stock REIT trades at 82.9× trailing earnings, close to its own five-year average of 97.0×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 42.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.6×**. Each dollar of revenue is priced at 4.6×.
- **EV / EBITDA: 20.4×**. Enterprise value is 20.4× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -1.4%** (5-yr avg -1.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 1.2%**. The inverse of the P/E: 1.2% of the price is earned each year.

## Profitability
- **Operating margin: 18.8%**. 18.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 2.2%**. 2.2% of each dollar of sales reaches the bottom line.
- **Return on equity: -15.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 7.3%**. Return on all capital, debt included, is 7.3%.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit.

## Growth
- **Revenue growth (1 yr): 12.2%** (3-yr 10.6%/yr, 5-yr 10.7%/yr). Revenue grew 12.2% over the last year, against 10.7% a year compounded over five years.
- **EPS growth (1 yr): -19.7%** (3-yr -36.3%/yr, 5-yr -16.3%/yr). Earnings per share fell 19.7%, slower than revenue, so margins compressed.

## Financial health
- **Net debt / EBITDA: 6.5×**. It would take 6.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 2.96%** ($3.38 per share, trailing). Iron Mountain Incorporated (Delaware)Common Stock REIT yields 2.96%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 604%**. The dividend exceeds earnings (604% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.4%/yr** (1-yr 17.9%). The dividend has grown 5.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Iron Mountain Incorporated (Delaware)Common Stock REIT; the consensus is buy, with an average price target of $146.20 (+25% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 32.7%** (YTD 43.0%, 3-mo -5.6%). The shares are up 32.7% over twelve months including dividends.
- **From 52-week high: -13.2%** (50.3% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 1.11** (volatility 33%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IRM · Page: https://foliofundamentals.com/stocks/irm

Not investment advice.