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Iron Mountain Incorporated (IRM)

Upturn stock ratingUpturn stock rating
$85.51
Delayed price
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PASS
  • 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
  • MONTH
  • WEEK

Upturn Advisory Summary

03/27/2025: IRM (4-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Above Average Performance

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

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 32.74%
Avg. Invested days 48
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 25.00B USD
Price to earnings Ratio 139.51
1Y Target Price 116.12
Price to earnings Ratio 139.51
1Y Target Price 116.12
Volume (30-day avg) 2490095
Beta 1.08
52 Weeks Range 71.42 - 128.24
Updated Date 03/30/2025
52 Weeks Range 71.42 - 128.24
Updated Date 03/30/2025
Dividends yield (FY) 3.69%
Basic EPS (TTM) 0.61

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 2.93%
Operating Margin (TTM) 20.52%

Management Effectiveness

Return on Assets (TTM) 4.19%
Return on Equity (TTM) 225.06%

Valuation

Trailing PE 139.51
Forward PE 41.49
Enterprise Value 41210947015
Price to Sales(TTM) 4.06
Enterprise Value 41210947015
Price to Sales(TTM) 4.06
Enterprise Value to Revenue 6.7
Enterprise Value to EBITDA 21.61
Shares Outstanding 293740992
Shares Floating 291129548
Shares Outstanding 293740992
Shares Floating 291129548
Percent Insiders 0.93
Percent Institutions 81.54

Analyst Ratings

Rating 3.88
Target Price 122.38
Buy 5
Strong Buy 2
Buy 5
Strong Buy 2
Hold -
Sell -
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Iron Mountain Incorporated

stock logo

Company Overview

History and Background

Founded in 1951 in a former mushroom farm, Iron Mountain initially provided secure storage for photographic film master negatives. It expanded into records management, data backup and recovery, and, more recently, data centers. The company has grown through acquisitions and organic growth.

Core Business Areas

  • Records and Information Management (RIM): Provides physical storage and management of paper records, tapes, and other information assets.
  • Data Centers: Offers colocation and data center services for businesses, providing secure and reliable environments for IT infrastructure.
  • Digital Solutions: Provides digital transformation solutions, including data scanning, cloud storage, and content management.
  • Secure Shredding: Provides shredding of documents and IT assets to ensure secure destruction of confidential information.

Leadership and Structure

William Meaney is the CEO. The company operates with a functional organizational structure, including departments for sales, operations, finance, and technology. Operates as a Real Estate Investment Trust (REIT).

Top Products and Market Share

Key Offerings

  • Estimated Market Share: N/A
  • Physical Records Storage: Secure storage and management of physical documents and records. This is their core business. Competitors include Recall (part of Iron Mountain), Restore plc, and smaller regional players. Difficult to estimate exact market share, but Iron Mountain is the largest player.
  • Data Center Colocation: Provides secure and reliable data center space and infrastructure for businesses. Competitors include Equinix, Digital Realty Trust, and CyrusOne. Market share data varies by region.
  • Estimated Market Share: N/A
  • Estimated Market Share: N/A
  • Information Destruction: Secure shredding and destruction of confidential documents and electronic media. Competitors include Shred-it (Stericycle), and local shredding companies.
  • Digital Solutions: Digital archiving, imaging, conversion, and workflow automation to create electronic documents. Competitors include Xerox and Canon. Market Share is relatively small in the digital solutions area
  • Estimated Market Share: N/A

Market Dynamics

Industry Overview

The information management industry is evolving from physical storage to digital solutions. Data privacy regulations and the increasing volume of data are driving demand. The data center market is growing due to cloud computing and digital transformation.

Positioning

Iron Mountain is the market leader in physical records storage and is expanding its presence in data centers and digital solutions. Its competitive advantage lies in its scale, brand reputation, and established customer base.

Total Addressable Market (TAM)

TAM estimated to be over $80 billion, encompassing physical storage, data centers, and digital solutions. Iron Mountain is well positioned, but competition is increasing, especially in the data center and digital spaces.

Upturn SWOT Analysis

Strengths

  • Global presence and extensive infrastructure
  • Strong brand recognition and reputation
  • Large and diverse customer base
  • Recurring revenue model
  • Experienced management team

Weaknesses

  • High debt levels
  • Slower growth compared to pure-play data center providers
  • Exposure to obsolescence of physical records
  • Capital intensive business

Opportunities

  • Expanding data center footprint
  • Growing demand for digital solutions
  • Acquiring smaller competitors
  • Leveraging existing customer base for new services
  • Increasing regulatory scrutiny driving demand for compliance solutions

Threats

  • Increasing competition from data center providers
  • Economic downturn impacting demand
  • Technological advancements leading to reduced physical records
  • Data breaches and security risks
  • Rising interest rates impacting profitability

Competitors and Market Share

Key Competitors

  • DLR
  • EQIX
  • IRM
  • STE

Competitive Landscape

Iron Mountain is the leader in RIM, but faces strong competition in data centers from Equinix and Digital Realty. Stericycle is a key competitor in the shredding business. Iron Mountain's scale and customer relationships provide an advantage.

Major Acquisitions

IO Data Centers

  • Year: 2018
  • Acquisition Price (USD millions): 1320
  • Strategic Rationale: Expanded Iron Mountain's data center footprint and capabilities.

Growth Trajectory and Initiatives

Historical Growth: Iron Mountain's historical growth has been driven by acquisitions and organic expansion in physical records storage. More recently, growth is focused on data centers and digital solutions.

Future Projections: Analysts project moderate revenue growth, driven by data centers and digital solutions. Profitability is expected to improve with economies of scale. Expansion of data center footprint is predicted. Analyst target price is between $70-$80 depending on broker.

Recent Initiatives: Focusing on developing data centers and digital solutions like document cloud.

Summary

Iron Mountain is a market leader in records management, leveraging its established infrastructure. It faces challenges in transitioning to digital solutions and competing in the data center market. Strong financial performance has been good but future performance relies on diversification and managing debt. With data management increasing and the potential growth for secure services, the company needs to innovate to move forward.

Similar Companies

  • DLR
  • EQIX
  • STE
  • RESTOR.L

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q)
  • Investor presentations
  • Analyst reports
  • Industry publications
  • Company Website
  • Reuters, Yahoo Finance

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share estimates are approximate and based on available data. Financial data should be independently verified. All analyst ratings are based on a diverse group of brokers. A potential investor should consult with a 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.

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