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IRM 
Iron Mountain Incorporated (IRM)
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Upturn Advisory Summary
02/25/2026: IRM (3-star) is a STRONG-BUY. BUY since 28 days. Simulated Profits (20.62%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $121.18
1 Year Target Price $121.18
| 4 | Strong Buy |
| 5 | Buy |
| 0 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 33.07B USD | Price to earnings Ratio 232.88 | 1Y Target Price 121.18 |
Price to earnings Ratio 232.88 | 1Y Target Price 121.18 | ||
Volume (30-day avg) 10 | Beta 1.18 | 52 Weeks Range 70.45 - 115.24 | Updated Date 02/25/2026 |
52 Weeks Range 70.45 - 115.24 | Updated Date 02/25/2026 | ||
Dividends yield (FY) 2.84% | Basic EPS (TTM) 0.48 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-02-12 | When - | Estimate 0.6 | Actual 0.61 |
Profitability
Profit Margin 2.1% | Operating Margin (TTM) 21.96% |
Management Effectiveness
Return on Assets (TTM) 4.41% | Return on Equity (TTM) 225.06% |
Valuation
Trailing PE 232.88 | Forward PE 58.82 | Enterprise Value 48142376642 | Price to Sales(TTM) 4.79 |
Enterprise Value 48142376642 | Price to Sales(TTM) 4.79 | ||
Enterprise Value to Revenue 7.47 | Enterprise Value to EBITDA 25.51 | Shares Outstanding 295835206 | Shares Floating 293220023 |
Shares Outstanding 295835206 | Shares Floating 293220023 | ||
Percent Insiders 0.96 | Percent Institutions 88.74 |
Upturn AI SWOT
Iron Mountain Incorporated
Company Overview
History and Background
Iron Mountain Incorporated was founded in 1951 by Herman Knaust. Originally focused on securely storing sensitive documents in underground facilities, the company has evolved significantly. Key milestones include expanding its services beyond physical records to include digital data management, cloud solutions, and other information governance services. It has also grown through numerous acquisitions, broadening its geographical reach and service offerings.
Core Business Areas
- Information Management: Provides a comprehensive suite of services for the secure storage, management, retrieval, and destruction of physical and digital information. This includes records management, document imaging, secure shredding, and data backup and recovery.
- Data Center Services: Offers secure, reliable, and scalable data center colocation and cloud services. This segment focuses on providing the physical infrastructure and connectivity for businesses to house their IT equipment and data.
- Fine Art and Collectibles Storage: Provides specialized, climate-controlled storage and exhibition services for valuable artworks and collectibles, catering to museums, galleries, and private collectors.
Leadership and Structure
Iron Mountain is led by a board of directors and an executive management team. The CEO, William L. Meaney, has been instrumental in the company's transformation. The company operates on a global scale with distinct regional management structures overseeing its various business units and service offerings.
Top Products and Market Share
Key Offerings
- Records and Information Management (RIM): Iron Mountain is a leading provider of physical records storage and management solutions. This service helps businesses comply with regulations and manage their physical document lifecycles. Competitors include Recall (now owned by Iron Mountain), ShardSafe, and various regional players.
- Digital Solutions: Includes services like cloud storage, data backup and recovery, eDiscovery, and digital transformation consulting. This segment competes with major cloud providers like AWS, Azure, and Google Cloud, as well as specialized digital archiving companies.
- Data Center Colocation: Offers secure and reliable spaces for businesses to house their IT infrastructure. Key competitors include Equinix, Digital Realty Trust, and Cyxtera Technologies.
Market Dynamics
Industry Overview
Iron Mountain operates in the information management and data center industries. The information management sector is characterized by a shift from physical to digital records, increasing regulatory compliance demands, and the need for secure data lifecycle management. The data center industry is experiencing robust growth driven by cloud computing, big data, AI, and the Internet of Things (IoT), requiring significant capital investment in infrastructure.
Positioning
Iron Mountain is a dominant player in physical records management with a strong global brand reputation for security and reliability. Its strategic expansion into digital services and data centers positions it to capitalize on the digital transformation trend. Its extensive network of facilities and long-standing customer relationships are significant competitive advantages.
Total Addressable Market (TAM)
The global information management market is estimated to be in the hundreds of billions of dollars, with digital services and cloud infrastructure representing significant portions of this. Iron Mountain is well-positioned to capture a substantial share of this TAM through its diversified service portfolio and global footprint, though it faces intense competition from both established players and emerging digital-native companies.
Upturn SWOT Analysis
Strengths
- Established global brand and reputation for security and reliability.
- Extensive network of physical facilities and diverse customer base.
- Strong leadership in physical records management.
- Diversifying into high-growth digital and data center services.
- Long-standing customer relationships and recurring revenue models.
Weaknesses
- Perception as a legacy provider, potentially slower to innovate in rapidly evolving digital spaces.
- Significant capital expenditure required for data center expansion.
- Reliance on physical records management, which may decline in the long term.
- Integration challenges from numerous acquisitions.
Opportunities
- Growing demand for cloud-based data storage and management solutions.
- Increased regulatory requirements driving demand for information governance.
- Expansion into emerging markets with growing business needs.
- Leveraging AI and automation to enhance service offerings.
- Further acquisition targets in complementary digital services.
Threats
- Intensifying competition from cloud-native providers and specialized data management firms.
- Cybersecurity threats and data breaches impacting trust and reputation.
- Rapid technological advancements requiring continuous investment and adaptation.
- Economic downturns affecting business spending on information management.
- Changes in data privacy regulations impacting business practices.
Competitors and Market Share
Key Competitors
- Veritas Technologies LLC (Private)
- Cognizant Technology Solutions Corp (CTSH)
- Dell Technologies Inc. (DELL)
Competitive Landscape
Iron Mountain's strength lies in its established physical records management infrastructure and global reach. Competitors like Cognizant and Dell are strong in broader IT services and hardware, respectively. While Iron Mountain has been successfully diversifying, it faces intense competition from pure-play cloud providers and specialized data management firms that may offer more agile or cost-effective digital solutions.
Major Acquisitions
IMSM (Information Security Management Services)
- Year: 2023
- Acquisition Price (USD millions): 110
- Strategic Rationale: To enhance Iron Mountain's digital solutions and data protection capabilities, particularly in the European market.
MetaDirect
- Year: 2022
- Acquisition Price (USD millions): 65
- Strategic Rationale: To expand its digital mailroom and document processing services, catering to the growing need for digitized workflows.
Growth Trajectory and Initiatives
Historical Growth: Iron Mountain has demonstrated steady revenue growth over the past several years, driven by its core records management business and successful expansion into digital services and data centers. The company has also consistently grown its dividend, signaling confidence in its financial performance.
Future Projections: Analyst projections generally indicate continued revenue growth, supported by the increasing demand for data storage, cloud services, and digital transformation solutions. The company is expected to focus on expanding its higher-margin digital and data center offerings.
Recent Initiatives: Recent initiatives include continued investment in data center capacity, acquisitions to bolster its digital solutions portfolio, and efforts to optimize its global operations. The company is also focusing on enhancing its sustainability efforts and ESG (Environmental, Social, and Governance) reporting.
Summary
Iron Mountain Incorporated is a well-established leader in information management, successfully transforming from a physical records storage company to a diversified provider of digital solutions and data center services. Its strong brand, extensive infrastructure, and recurring revenue models are significant strengths. The company needs to vigilantly address increasing competition in the digital space and manage its capital expenditures for data center expansion to maintain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Iron Mountain Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Financial data is subject to change. This information should not be considered investment advice. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Iron Mountain Incorporated
Exchange NYSE | Headquaters Portsmouth, NH, United States | ||
IPO Launch date 1996-01-31 | President, CEO & Director Mr. William L. Meaney BSc, MEng, MSIA | ||
Sector Real Estate | Industry REIT - Specialty | Full time employees 29400 | Website https://www.ironmountain.com |
Full time employees 29400 | Website https://www.ironmountain.com | ||
Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do.
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