
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT
- About


Iron Mountain Incorporated (IRM)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
03/27/2025: IRM (4-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 32.74% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
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 |
Upturn AI SWOT
Iron Mountain Incorporated

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.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.