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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
10/23/2026: IRM (3-star) is currently NOT-A-BUY. Pass it for now.
Iron Mountain Incorporated is a specialized real estate company that provides physical records storage alongside a growing portfolio of hyperscale data centers. The stock is best suited for income-focused investors, as it provides a stable dividend backed by recurring storage revenue. Its primary growth opportunity lies in its successful expansion into the data center and digital infrastructure market, which is seeing strong demand from cloud providers. Key risks include the long-term decline of physical document storage, high debt levels, and intense competition in the data center space. Investors should monitor the company's progress in scaling its digital infrastructure segment while maintaining the profitability of its core records management business.
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 | The company is a hybrid, balancing slow-growing legacy storage with faster-growing data center operations. |
| Momentum investor | Strong fit while signal remains positive | The shift toward data center and AI-related infrastructure has recently attracted momentum capital. |
| Value investor | Mixed fit | Valuation fluctuates based on REIT-specific metrics and interest rate sensitivity rather than traditional value multiples. |
| Dividend investor | Strong fit | The company offers a competitive yield supported by the stable cash flows of its massive records storage business. |
| Low-risk investor | Medium | While the core business is stable, the company's significant debt load and expansion plans introduce moderate risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock is influenced by broader REIT trends and interest rate expectations. |
| Valuation risk | Medium | Market sentiment regarding AI and data infrastructure can lead to premium valuations. |
| Competition risk (Cloud & Data Center) | High | Intense competition from hyperscalers and specialized data center providers may pressure margins. |
| Business quality | Strong | The company possesses a wide moat in physical records management and valuable infrastructure assets. |
| Dividend income | Medium / high | The ability to sustain dividends depends on the consistent performance of the storage segment. |
| Execution risk | Medium | Successfully scaling data centers while managing legacy operations requires precise capital allocation. |
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 68.37% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/23/2026 |
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 32.74B USD | Price to earnings Ratio 78.54 | 1Y Target Price 144 |
Price to earnings Ratio 78.54 | 1Y Target Price 144 | ||
Volume (30-day avg) 1.5M shares | Beta 1.19 | 52 Weeks Range 76.03 - 133.64 | Updated Date 10/25/2026 |
52 Weeks Range 76.03 - 133.64 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 3.05% | Basic EPS (TTM) 1.4 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Global Records and Information Management | Physical document storage, indexing, and document destruction services. | This is the 'cash cow' segment that provides reliable, recurring revenue. |
| Global Data Center | Colocation space, power, and cooling for cloud and enterprise servers. | This is the primary growth engine and represents the future of the company. |
| Geography | Operations across North America, Europe, Latin America, and Asia-Pacific. | The company is a global business, meaning currency fluctuations can affect reported earnings. |
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 78.54 | Forward PE 58.48 | Enterprise Value 53.70B | Price to Sales(TTM) 4.33 |
Enterprise Value 53.70B | Price to Sales(TTM) 4.33 | ||
Enterprise Value to Revenue 7.1 | Enterprise Value to EBITDA 21.35 | Shares Outstanding 297.70M | Shares Floating 294.92M |
Shares Outstanding 297.70M | Shares Floating 294.92M | ||
Percent Insiders 0.88 | Percent Institutions 87.86 |
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.
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