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Upturn AI Summary - About
Iron Mountain Incorporated(IRM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IRM
09/25/2026: IRM (4-star) is currently NOT-A-BUY. Pass it for now.
Iron Mountain is a global real estate investment trust specializing in secure storage, information management, and data center services. The company benefits from a steady, recurring-revenue model anchored by its legacy records management business, while aggressively pursuing growth in hyperscale data centers and IT asset lifecycle services. This dual-pronged strategy offers a balance of stability and modernization. However, the company faces risks from the secular decline in physical document storage and intense competition within the data center colocation sector. Iron Mountain is best suited for dividend-focused and value-oriented investors seeking reliable income, though investors should monitor the successful scaling of its digital and data center investments.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the data center segment offers growth potential, the overall business is anchored by the mature and slow-growth records management segment. |
| Momentum investor | Mixed fit | The stock can exhibit momentum during periods of successful data center expansion or market rotation into REITs. |
| Value investor | Strong fit | The company's steady cash flows and asset-heavy balance sheet often appeal to value-oriented investors looking for established business models. |
| Dividend investor | Strong fit | Iron Mountain is widely recognized for its consistent dividend payments supported by predictable cash flows from storage contracts. |
| Low-risk investor | Medium fit | While the business is highly resilient, the high debt load typical of REITs and market volatility keep it from being a strictly low-risk play. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock price is sensitive to interest rate fluctuations which impact REIT valuations. |
| Valuation risk | Medium | As a REIT, the stock is frequently valued based on yield and funds from operations, which can be affected by market sentiment. |
| Competition risk (data center) | High | The data center space is intensely competitive, with major players like Equinix constantly bidding for market share. |
| Business quality | Strong | Iron Mountain has an entrenched position and long-term contracts that provide high barriers to entry. |
| Dividend income | Strong | The dividend is a core component of the total return thesis for most shareholders. |
| Execution risk | Medium | Successfully managing the transition from physical storage to digital services requires precise operational execution. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 78.4% | Avg. Invested days 59 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 33.16B USD | Price to earnings Ratio 78.99 | 1Y Target Price 144.91 |
Price to earnings Ratio 78.99 | 1Y Target Price 144.91 | ||
Volume (30-day avg) 1.5M shares | Beta 1.2 | 52 Weeks Range 76.03 - 133.64 | Updated Date 09/26/2026 |
52 Weeks Range 76.03 - 133.64 | Updated Date 09/26/2026 | ||
Dividends yield (FY) 2.96% | Basic EPS (TTM) 1.41 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Global Records Management | Physical storage, retrieval, and document management services. | This is the company's steady 'cash cow' segment that provides reliable income. |
| Data Centers | Hyperscale colocation and enterprise data center services. | This is the high-growth segment leveraging the demand for cloud and AI infrastructure. |
| Geography | Operations spanning North America, Europe, and emerging markets. | The company has significant global reach, providing geographic diversification against regional economic downturns. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 78.99 | Forward PE 58.48 | Enterprise Value 53.70B | Price to Sales(TTM) 4.38 |
Enterprise Value 53.70B | Price to Sales(TTM) 4.38 | ||
Enterprise Value to Revenue 7.1 | Enterprise Value to EBITDA 21.35 | Shares Outstanding 297.70M | Shares Floating 294.91M |
Shares Outstanding 297.70M | Shares Floating 294.91M | ||
Percent Insiders 0.88 | Percent Institutions 88.34 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Iron Mountain Incorporated
Exchange NYSE | Headquarters 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. Iron Mountain Incorporated is based in Portsmouth, New Hampshire. Iron Mountain Incorporated was founded in 1951 and is incorporated in Delaware and is based in Portsmouth, New Hampshire.
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