IRM Stock Analysis — Iron Mountain
Sector: Data Infrastructure
AI Verdict
You're paying up for explosive earnings growth, but the defensible storage moat means the high multiple is less fragile than it looks.
Competitive Moat
Iron Mountain dominates physical and digital records storage for enterprises, with a global network of secure facilities and long-term contracts that create high switching costs. Its defensibility comes from regulatory compliance requirements and customer lock-in for sensitive data management.
Summary
Iron Mountain is notable for its rapid shift from paper records to high-margin digital storage and data center services.
Where It Stands
Iron Mountain has delivered a 33.73% 1-year return, trades at 48.0x next year's earnings (well above the sector median of 20x), and its RSI of 45.7 signals a cooling period after recent gains.
Key Metrics
- RSI: 45.7 — Neutral
- Trailing P/E: 87.1x
- Forward P/E: 48.0x
- PEG Ratio: 0.99
- Earnings Growth: +0.8%
- Revenue Growth: +0.2%
- Market Cap: $36.3B
- Dividend Yield: 0.04%
- 1-Year Return: 33.73%
- 52-Week High: $134.68
- 52-Week Low: $77.77
Analyst Consensus
14 Buy · 1 Hold · 1 Sell (16 analysts)
Bull Case
With analysts projecting 81.7% EPS growth next year, the 48.0x forward P/E is cheap for the growth on offer if Iron Mountain's data infrastructure moat holds.
Bear Case
If the forward P/E compresses to the sector median of 20x, the stock would lose more than half its value from current multiples.
Catalyst to Watch
Watch for updates on digital services growth and new data center contracts, as outsized wins could justify the premium multiple.