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Iron Mountain Incorporated (IRM)

Upturn stock ratingUpturn stock rating
$99.61
Last Close (24-hour delay)
Profit since last BUY4.83%
upturn advisory
Regular Buy
BUY since 42 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

07/02/2025: IRM (4-star) is a STRONG-BUY. BUY since 42 days. Profits (4.83%). Updated daily EoD!

Upturn Star Rating

rating

Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Number of Analysts

rating

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $115.3

1 Year Target Price $115.3

Analysts Price Target For last 52 week
$115.3Target price
Low$71.77
Current$99.61
high$127.24

Analysis of Past Performance

Type Stock
Historic Profit 87.7%
Avg. Invested days 60
Today’s Advisory Regular Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/02/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 29.39B USD
Price to earnings Ratio 242.95
1Y Target Price 115.3
Price to earnings Ratio 242.95
1Y Target Price 115.3
Volume (30-day avg) 10
Beta 1.11
52 Weeks Range 71.77 - 127.24
Updated Date 07/2/2025
52 Weeks Range 71.77 - 127.24
Updated Date 07/2/2025
Dividends yield (FY) 3.06%
Basic EPS (TTM) 0.41

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 -
When -
Estimate -
Actual -

Profitability

Profit Margin 1.95%
Operating Margin (TTM) 20.12%

Management Effectiveness

Return on Assets (TTM) 4.16%
Return on Equity (TTM) 225.06%

Valuation

Trailing PE 242.95
Forward PE 68.03
Enterprise Value 46466874527
Price to Sales(TTM) 4.69
Enterprise Value 46466874527
Price to Sales(TTM) 4.69
Enterprise Value to Revenue 7.42
Enterprise Value to EBITDA 24.47
Shares Outstanding 295044000
Shares Floating 292423906
Shares Outstanding 295044000
Shares Floating 292423906
Percent Insiders 0.8
Percent Institutions 84.29

Analyst Ratings

Rating 3
Target Price 115.3
Buy 5
Strong Buy 4
Buy 5
Strong Buy 4
Hold -
Sell -
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Iron Mountain Incorporated

stock logo

Company Overview

overview logo History and Background

Iron Mountain Incorporated was founded in 1951 in Livingston, NY, as a fortified storage facility for valuable documents and film negatives. Initially focused on secure storage, it expanded into information management services, data centers, and secure shredding over the years, becoming a global leader in these areas.

business area logo Core Business Areas

  • Records and Information Management (RIM): Storage, protection, and management of physical records, data protection and recovery services, and secure shredding.
  • Data Centers: Colocation services, including secure and reliable data center space, power, and cooling for enterprise IT infrastructure.
  • Information Governance and Digital Solutions: Digital transformation solutions, workflow automation, content management, and electronic records management.

leadership logo Leadership and Structure

William Meaney is the President and CEO. The company operates with a typical corporate structure, with various departments responsible for different business segments and functions, reporting to the CEO and executive leadership team. The board of directors provides oversight and governance.

Top Products and Market Share

overview logo Key Offerings

  • Physical Records Storage: Provides secure storage and management of physical documents and other media. Market share is substantial within the records management industry. The competitors are Recall (acquired by Stericycle) and other regional or local records management providers. Iron Mountain has a significant lead in this market.
  • Data Center Colocation: Offers colocation services in data centers, providing space, power, and cooling for customers' IT infrastructure. Competitors include Equinix (EQIX), Digital Realty Trust (DLR), and CyrusOne (CONE). Revenue from this service is increasing, aiming to capture a significant portion of the expanding colocation market.
  • Secure Shredding Services: Provides secure destruction of confidential documents and other materials. Competitors include Stericycle (SRCL) and Shred-it (owned by Stericycle). Secure shredding is a smaller revenue contributor but complements RIM services.

Market Dynamics

industry overview logo Industry Overview

The information management and data center industries are growing due to increasing data volumes, regulatory requirements, and the need for secure and reliable IT infrastructure. Digital transformation is driving demand for digital solutions and cloud services. Consolidation is occurring within the industry.

Positioning

Iron Mountain is a market leader in records management and a significant player in the data center colocation market. Its competitive advantages include its established brand, extensive global network, and strong customer relationships.

Total Addressable Market (TAM)

The Total Addressable Market (TAM) for Iron Mountain's combined businesses (records management, data centers, and digital solutions) is estimated to be in the hundreds of billions of dollars globally. Iron Mountain is well-positioned to capture a significant portion of this TAM through its diverse service offerings and global reach.

Upturn SWOT Analysis

Strengths

  • Global scale and established brand
  • Extensive network of storage facilities and data centers
  • Strong customer relationships and recurring revenue streams
  • Diversified service offerings
  • Compliance expertise (e.g., HIPAA, GDPR)

Weaknesses

  • High capital expenditures for data center expansion
  • Exposure to physical security risks (e.g., natural disasters, theft)
  • Reliance on physical storage in a digital age
  • Complexity of managing a large and diverse global operation
  • Debt load

Opportunities

  • Expansion into emerging markets
  • Growth in digital transformation services
  • Increasing demand for data center colocation
  • Acquisitions of complementary businesses
  • Partnerships with cloud providers

Threats

  • Competition from cloud storage providers
  • Economic downturns affecting customer spending
  • Cybersecurity threats and data breaches
  • Regulatory changes impacting data privacy and security
  • Technological obsolescence (e.g., decline in physical media storage)

Competitors and Market Share

competitor logo Key Competitors

  • EQIX
  • DLR
  • SRCL

Competitive Landscape

Iron Mountain's advantages include its global scale, established brand, and diversified service offerings. Disadvantages include its high debt load and exposure to physical security risks. The digital transformation initiatives could create tailwinds.

Major Acquisitions

Caverion Oyj's data center business

  • Year: 2023
  • Acquisition Price (USD millions): 91.1
  • Strategic Rationale: Expanded data center capacity in Europe.

Growth Trajectory and Initiatives

Historical Growth: Iron Mountain has grown through a combination of organic growth, acquisitions, and strategic investments in new markets and services.

Future Projections: Analyst estimates vary, but generally project continued growth in revenue and earnings, driven by the expansion of data center services and digital solutions. It is important to consider the source of this prediction.

Recent Initiatives: Recent initiatives include expanding data center capacity, investing in digital transformation solutions, and pursuing strategic acquisitions to strengthen its market position.

Summary

Iron Mountain is a leader in records management and a growing player in data centers. Its established brand and recurring revenue streams are strengths, while its debt load and the shift to digital storage are challenges. Investing in digital transformation and data center expansion is crucial for its future. While they have a substantial TAM, they need to make sure they adapt to the changing landscape.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Financial Reports
  • Industry Analysis Reports
  • Investor Presentations
  • Analyst Estimates
  • Company Press Releases

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly, and past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 28850
Full time employees 28850

Iron Mountain Incorporated (NYSE: IRM) 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.