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IRM

Iron Mountain Incorporated

US$113.39+2.03% (US$2.26)
Day's range
US$112.15 – US$114.74
Day's volume
US$193.1m
52-week range
US$77.09 – US$132.03

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IRM in numbers

Market cap
US$33.8bn
P/B
-26.35
Dividend yield (12m)
3.05%
Net debt/EBITDA
6.92

The 12-month dividend yield of IRM is 3.05%, below its 5-year average of 4.09%.

IRM price history

03/10/202502/10/2026
Compare with

IRM risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+35.73%+94.53%+201.57%
Volatility (annualised)32.47%30.64%29.85%
Largest drawdown-12.22%-30.09%-30.09%
Positive months5/1219/3633/60

How much did investing in IRM return?

US$1,000.00 invested on 01/11/2021 would be worth US$3,015.72 today.

Value today in IRM
US$3,015.72
Return over the period
+201.57%
Return per year
+25.17%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

IRM fundamentals

Valuation

  • P/E
    —
  • P/B
    -26.35
  • EV/EBITDA
    20.38
  • EV/EBIT
    36.03
  • EV/Revenue
    6.76
  • P/EBIT
    23.80
  • P/S
    4.46
  • P/OCF
    20.39
  • P/FCF
    -68.76
  • Earnings yield
    2.78%
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    -US$4.30

Debt

  • Net debt
    US$17.3bn
  • Net debt/EBITDA
    6.92
  • Net debt/Equity
    -13.54
  • Debt/Equity
    -13.54
  • Current ratio
    0.73
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    —
  • EBITDA margin
    33.16%
  • Operating margin
    18.76%
  • Net margin
    —
  • Asset turnover
    0.34

Profitability

  • ROE
    —
  • ROA
    —
  • ROIC
    7.61%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    12.31%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is IRM's fair price?

Two classic value formulas, with today's numbers. The current price is US$113.39.

Graham's fair price
—
IRM's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$46.60
58.91% below the price

US$2.80 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

IRM indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/B-25.01-61.3796.6422.7817.727.486.264.99
EV/EBITDA18.6523.2618.9414.0215.7610.7112.2511.92
Dividend yield4.65%2.54%3.58%4.97%4.73%8.40%7.67%7.26%
Book value per share-US$3.32-US$1.71US$0.72US$2.19US$2.95US$3.94US$5.09US$6.50
ROIC5.49%5.81%6.37%8.45%6.23%8.93%5.19%5.42%
EBITDA margin31.71%31.06%30.98%34.83%34.17%38.26%91.02%90.30%
Net debt/EBITDA7.447.106.905.875.885.365.885.51

IRM financial statements

Line202520242023202220212020
Net revenueUS$6.9bnUS$6.1bnUS$5.5bnUS$5.1bnUS$4.5bnUS$4.1bn
Cost of sales——————
Gross profit——————
EBITDAUS$2.2bnUS$1.9bnUS$1.7bnUS$1.8bnUS$1.5bnUS$1.6bn
EBITUS$1.2bnUS$1bnUS$921.8mUS$1bnUS$854.2mUS$934.8m
Net finance result——————
Profit before taxUS$211.2mUS$244.5mUS$227.2mUS$631.6mUS$629mUS$372.7m
Income tax-US$58.9m-US$60.9m-US$39.9m-US$69.5m-US$176.3m-US$29.6m
Net income——————

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does IRM pay dividends?

Dividend yield per year

  • 4.37%2017
  • 7.26%2018
  • 7.67%2019
  • 8.40%2020
  • 4.73%2021
  • 4.97%2022
  • 3.58%2023
  • 2.54%2024
  • 4.65%2025
  • 3.05%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend14/09/202602/10/2026US$0.86
Dividend12/06/202603/07/2026US$0.86
Dividend13/03/202603/04/2026US$0.86
Dividend12/12/202506/01/2026US$0.86
Dividend12/09/202503/10/2025US$0.79
Dividend13/06/202503/07/2025US$0.79
Dividend15/03/202404/04/2025US$0.79
Dividend14/03/202504/04/2025US$0.79
Dividend13/12/202407/01/2025US$0.72
Dividend13/09/202403/10/2024US$0.72
Dividend14/06/202405/07/2024US$0.65
Dividend13/03/202404/04/2024US$0.65
See all 41 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend13/12/202304/01/2024US$0.65
Dividend13/09/202305/10/2023US$0.65
Dividend13/06/202306/07/2023US$0.62
Dividend13/03/202305/04/2023US$0.62
Dividend13/12/202205/01/2023US$0.62
Dividend13/09/202204/10/2022US$0.62
Dividend13/06/202206/07/2022US$0.62
Dividend11/03/202206/04/2022US$0.62
Dividend13/12/202106/01/2022US$0.62
Dividend13/09/202106/10/2021US$0.62
Dividend11/06/202106/07/2021US$0.62
Dividend11/03/202106/04/2021US$0.62
Dividend11/12/202006/01/2021US$0.62
Dividend11/09/202002/10/2020US$0.62
Dividend11/06/202002/07/2020US$0.62
Dividend12/03/202006/04/2020US$0.62
Dividend12/12/201902/01/2020US$0.62
Dividend12/09/201902/10/2019US$0.61
Dividend13/06/201902/07/2019US$0.61
Dividend13/03/201902/04/2019US$0.61
Dividend13/12/201803/01/2019US$0.61
Dividend13/09/201802/10/2018US$0.59
Dividend13/06/201802/07/2018US$0.59
Dividend13/03/201802/04/2018US$0.59
Dividend13/12/201702/01/2018US$0.59
Dividend13/09/201702/10/2017US$0.55
Dividend12/06/201703/07/2017US$0.55
Dividend10/03/201703/04/2017US$0.55
Dividend12/12/201630/12/2016US$0.55

About Iron Mountain Incorporated

Sector
Finance, insurance and real estate

Questions about IRM

How much is IRM today?

IRM is at US$113.39 (2.03% on the day), last traded on 02/10/2026.

How much did IRM pay in dividends in 2025?

IRM paid US$3.86 per share in 2025, a dividend yield of 4.65%.

How much did IRM return in 12 months?

IRM returned 35.73% in 12 months, with annualised volatility of 32.47% and a largest drawdown of -12.22%.