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Iron Mountain Incorporated (IRM)



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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!
1 Year Target Price $115.3
1 Year Target Price $115.3
4 | Strong Buy |
5 | Buy |
0 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 87.7% | Avg. Invested days 60 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Iron Mountain Incorporated

Company Overview
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.
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 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
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
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
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.
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 28850 | Website https://www.ironmountain.com |
Full time employees 28850 | Website https://www.ironmountain.com |
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.
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