Key facts, as of
As of October 8, 2026, Iron Mountain (IRM) trades at $115.75, up 9.3% over the past year. Its 52-week range runs from $77.77 to $134.68; the price is 14.1% below that high. It is 14.1% below its all-time high of $134.68, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +408.1%, against +312.9% for the S&P 500 (SPY). It sits 2.6% above its 200-day average of $112.80, the usual sign of a long-term uptrend. Its 30-day volatility is 26.3% annualized, which we rate medium risk. It has a trailing P/E of 83.3 and a dividend yield of 2.99%.
Cite: Portfolio Terminal, "Iron Mountain (IRM) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/irm
Where it trades today
trading 67% of the way up its 52-week range
How the price has moved
How far it is from its record
Iron Mountain (IRM) is 14.1% below its all-time high of $134.68, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +408.1%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Financing conditions, occupancy, and asset repricing are the main levers behind upside or downside from here.
- IRM trades at 83.3x earnings, well above the real estate average of 35.0x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 26.3%, above the sector norm of 20.0%, so position sizing matters more than usual.
- Relative performance versus PLD, EQIX matters here because leadership inside real estate rarely stays static for long.
Portfolio Use Case
- IRM is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in IRM.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as PLD, EQIX start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for IRM come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Real Estate so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as PLD, EQIX.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for IRM. Last refresh: Oct 8, 2026, 10:09 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as PLD, EQIX.
What Iron Mountain does
Iron Mountain Incorporated 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. Iron Mountain Incorporated is based in Portsmouth, New Hampshire. Iron Mountain Incorporated was founded in 1951 and is incorporated in Delaware and is based in Portsmouth, New Hampshire.
What analysts expect
IRM carries a buy consensus from 11 analysts, with an average price target of $145.09 versus $115.75 today (+25.3%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
IRM generated $7.56B in trailing revenue (18.5% year over year), with a 5.5% net margin, and -$436.09M of free cash flow, against $19.74B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $6.90B | $3.82B | $1.40B | $144.59M | $0.49 | -$1.01B |
| 2024 | $6.15B | $3.45B | $1.21B | $180.16M | $0.61 | -$657.24M |
| 2023 | $5.48B | $3.12B | $1.11B | $184.23M | $0.63 | -$231.53M |
| 2022 | $5.10B | $2.91B | $1.05B | $556.98M | $1.92 | $44.11M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
IRM is in 6 of the 30 ETFs we track. It weighs most in VNQ: 1.81% of the fund, holding #13 of 140.
How it sits in real estate
REITs and real estate companies offering income through property investments.
The companies it competes with
IRM beside the real estate names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 2.1% below its 50-day average and 2.6% above its 200-day.
- RSI at 52 is neither stretched nor washed out.
- The nearest ceiling is $119.68 (+3.4%), the nearest floor $114.78 (-0.8%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is IRM a good investment in 2026?
Iron Mountain trades at a P/E ratio of 83.3, with medium volatility (26.3% annualized). The stock is in a consolidation phase.
What is the risk level of IRM?
Based on 30-day volatility of 26.3%, IRM has MEDIUM risk. Beta of 1.19 indicates higher sensitivity to market movements than average.
Does IRM pay dividends?
Yes, Iron Mountain has a dividend yield of 2.99%.
How far is IRM from its all-time high?
Iron Mountain is 14.1% below its all-time high of $134.68, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +408.1%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold IRM?
6 of the 30 popular ETFs we track hold Iron Mountain. The largest weights: VNQ (1.81%), VTV (0.12%), VOO (0.05%), SPY (0.05%) and IVV (0.05%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is IRM?
0.05%, as of August 31, 2026: IRM is holding #290 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.52 in Iron Mountain.
What is the analyst price target for IRM?
The average analyst price target for Iron Mountain (IRM) is $145.09 based on 11 analyst estimates, about 25.3% above the current price of $115.75. The published range runs from $132.00 to $155.00.
How much revenue does IRM generate?
Iron Mountain reported $7.56B in trailing twelve-month revenue. Revenue growth is running at 18.5% year over year. Net margin sits at 5.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare IRM with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.