Market Summary
USD52.91+1.12
Market Closed2.16%
IRM Stock Price
IRM RSI Chart
IRM Valuation
IRM Price/Sales (Trailing)
IRM Profitability
IRM Fundamentals
IRM Revenue
IRM Earnings
Price Action
52 Week Range
43.3357.86
(Low)(High)
Last 7 days
3.2%
Last 30 days
-1.8%
Last 90 days
3.9%
Trailing 12 Months
-5.4%
IRM Financial Health
IRM Investor Care
Peers (Alternatives to Iron Mountain)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMT | 95.1B | 10.7B | 1.60% | -18.31% | 56.08 | 8.88 | 14.47% | -33.92% |
EQIX | 66.8B | 7.3B | 2.00% | -5.56% | 94.82 | 9.19 | 9.46% | 40.82% |
CCI | 58.0B | 7.0B | 2.59% | -25.22% | 34.6 | 8.3 | 10.19% | 52.83% |
PSA | 53.0B | 4.2B | -1.44% | -22.08% | 12.18 | 12.66 | 22.43% | 122.66% |
IRM | 15.4B | 5.1B | -1.82% | -5.41% | 27.37 | 3.02 | 13.63% | 24.17% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -10.62% | -21.33% | 20.85 | 7.48 | 12.95% | 47.42% |
KRG | 4.6B | 802.0M | -7.55% | -9.74% | -362.88 | 5.72 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -24.12% | -65.61% | -8.51 | 1.64 | 13.26% | -296.88% |
MAC | 2.3B | 859.2M | -14.73% | -33.89% | -34.53 | 2.66 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | -0.74% | 11.36% | 24.12 | 4.86 | 3.35% | 1705.32% |
SLG | 1.5B | 826.7M | -33.86% | -70.35% | -19.71 | 1.86 | -2.04% | -117.36% |
AIV | 1.1B | 190.3M | -2.00% | -1.08% | 12.23 | 5.92 | 12.08% | 1950.56% |
PGRE | 987.5M | 740.4M | -15.75% | -58.73% | -27.13 | 1.33 | 1.87% | -78.85% |
Financials for Iron Mountain
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.4% | 5,104 | 4,984 | 4,827 | 4,658 | 4,492 |
| S&GA Expenses | 1.5% | 1,141 | 1,124 | 1,080 | 1,045 | 1,023 |
| Costs and Expenses | 1.7% | 4,054 | 3,986 | 3,934 | 3,752 | 3,637 |
| EBITDA | 5.3% | 871 | 828 | 763 | 984 | - |
| EBITDA Margin | 2.8% | 0.17* | 0.17* | 0.16* | 0.21* | - |
| Earnings Before Taxes | 10.2% | 632 | 573 | 453 | 620 | 629 |
| EBT Margin | 7.6% | 0.12* | 0.12* | 0.10* | 0.15* | - |
| Interest Expenses | -7.1% | -488 | -455 | -437 | -427 | -417 |
| Net Income | 12.9% | 562 | 498 | 373 | 448 | 453 |
| Net Income Margin | 10.2% | 0.11* | 0.10* | 0.08* | 0.10* | - |
| Free Cahsflow | -21.9% | 52.00 | 67.00 | 70.00 | 118 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.8% | 16,141 | 15,695 | 15,622 | 15,628 | 14,450 |
| Current Assets | -0.6% | 1,547 | 1,557 | 1,542 | 1,528 | 1,441 |
| Cash Equivalents | -8.6% | 142 | 155 | 145 | 196 | 256 |
| Inventory | -10.0% | 22.00 | 25.00 | - | - | - |
| Goodwill | 1.1% | 4,883 | 4,831 | 4,924 | 5,024 | 4,464 |
| Current Liabilities | 11.1% | 1,918 | 1,726 | 1,782 | 1,701 | 2,019 |
| Long Term Debt | 2.5% | 10,481 | 10,229 | 9,993 | 10,143 | 8,963 |
| LT Debt, Current | -4.8% | 87.00 | 91.00 | 309 | - | - |
| LT Debt, Non Current | -1.5% | 9,993 | 10,143 | 8,963 | - | - |
| Shareholder's Equity | 20.3% | 637 | 529 | 652 | 758 | 856 |
| Additional Paid-In Capital | 0.5% | 4,468 | 4,446 | 4,432 | 4,409 | 4,413 |
| Shares Outstanding | 0.0% | 291 | 291 | 291 | 291 | 290 |
| Minority Interest | -97.3% | 0.00 | 5.00 | 5.00 | 1.00 | 1.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 8.4% | 928 | 856 | 716 | 745 | 759 |
| Share Based Compensation | -5.3% | 57.00 | 60.00 | 59.00 | 61.00 | 61.00 |
| Cashflow From Investing | -13.9% | -1,660 | -1,457 | -1,457 | -1,204 | -473 |
| Cashflow From Financing | 3.9% | 639 | 615 | 592 | 521 | -220 |
| Dividend Payments | 0.1% | 724 | 724 | 723 | 722 | 718 |
Risks for IRM
What is the probability of a big loss on IRM?
42.3%
Probability that Iron Mountain stock will be more than 20% underwater in next one year
18.5%
Probability that Iron Mountain stock will be more than 30% underwater in next one year.
0%
Probability that Iron Mountain stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does IRM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Iron Mountain was unfortunately bought at previous high price.
Drawdowns
Returns for IRM
Cumulative Returns on IRM
10.9%
10-Year Cumulative Returns
12.7%
7-Year Cumulative Returns
16.2%
5-Year Cumulative Returns
34.1%
3-Year Cumulative Returns
What are the long-term rolling returns for IRM?
FIve years rolling returns for Iron Mountain.
Annualized Returns
Which funds bought or sold IRM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | new | - | 260,000 | 260,000 | 0.18% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.86 | 426,378 | 4,211,230 | 0.03% |
2023-03-22 | Pictet North America Advisors SA | unchanged | - | 38,220 | 324,025 | 0.06% |
2023-03-17 | American Portfolios Advisors | reduced | -6.64 | -47,633 | 255,998 | 0.01% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -8.54 | 153,734 | 3,368,730 | 0.09% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -24.97 | -933,445 | 5,315,560 | 0.01% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | reduced | -8.91 | 11,214 | 344,214 | 0.05% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -46.16 | -18,531,000 | 29,026,000 | 0.15% |
2023-02-28 | Voya Investment Management LLC | reduced | -1.78 | 2,298,550 | 22,548,600 | 0.03% |
2023-02-28 | Trust Investment Advisors | reduced | -1.5 | 109,314 | 1,042,310 | 0.98% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Iron Mountain News
Schedule 13G FIlings of Iron Mountain
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital world investors | 8.8% | 25,488,174 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 16.31% | 47,429,924 | SC 13G/A | |
| Jan 30, 2023 | blackrock inc. | 7.8% | 22,618,177 | SC 13G/A | |
| Feb 11, 2022 | capital world investors | 11.3% | 32,713,760 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.9% | 22,998,096 | SC 13G/A | |
| Feb 16, 2021 | capital world investors | 10.1% | 29,113,163 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 16.78% | 48,363,389 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.8% | 22,577,824 | SC 13G/A | |
| Feb 14, 2020 | capital world investors | 10.0% | 28,997,693 | SC 13G/A | |
| Feb 14, 2020 | capital world investors | 10.0% | 28,997,693 | SC 13G/A |
IRM Fair Value
Iron Mountain fair value in different scenarios
The table shows the Fair Value estimates for Iron Mountain for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 18.46 -65.11% | 26.81 -49.33% | 37.32 -29.47% | 49.67 -6.12% | 59.78 12.98% |
| Current Inflation | 17.03 -67.81% | 24.21 -54.24% | 33.05 -37.54% | 43.38 -18.01% | 51.80 -2.10% |
| Very High Inflation | 15.24 -71.20% | 21.06 -60.20% | 28.00 -47.08% | 36.09 -31.79% | 42.63 -19.43% |
Historical Iron Mountain Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Iron Mountain
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 30, 2023 | ARS | ARS | |
| Mar 30, 2023 | DEF 14A | DEF 14A | |
| Mar 30, 2023 | DEFA14A | DEFA14A | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 144 | Notice of Insider Sale Intent | |
| Mar 09, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 144 | Notice of Insider Sale Intent | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for IRM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-09 | Meaney William L | acquired | - | - | 19,307 | president and ceo |
2023-03-09 | Meaney William L | sold (taxes) | -398,633 | 52.82 | -7,547 | president and ceo |
2023-03-09 | Meaney William L | sold | -619,164 | 52.65 | -11,760 | president and ceo |
2023-03-08 | MARSON DEBORAH | sold | -60,435 | 53.72 | -1,125 | evp, general counsel, sec. |
2023-03-02 | Meaney William L | sold | -1,109,330 | 52.28 | -21,219 | president and ceo |
2023-03-01 | McIntosh Greg W | sold (taxes) | -198,069 | 52.58 | -3,767 | evp, cco & gm, global rm |
2023-03-01 | Borges Daniel | sold (taxes) | -22,609 | 52.58 | -430 | svp & chief accounting officer |
2023-03-01 | Hytinen Barry | sold (taxes) | -367,114 | 52.58 | -6,982 | evp and cfo |
2023-03-01 | Tomovcsik John | acquired | - | - | 12,653 | evp, chief operating officer |
2023-03-01 | Meaney William L | sold (taxes) | -655,199 | 52.58 | -12,461 | president and ceo |
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
IRM Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues: | |||
| Total Revenues | $ 5,103,574 | $ 4,491,531 | $ 4,147,270 |
| Operating Expenses: | |||
| Cost of sales (excluding depreciation and amortization) | 2,189,120 | 1,887,229 | 1,757,342 |
| Selling, general and administrative | 1,140,577 | 1,022,559 | 949,215 |
| Depreciation and amortization | 727,595 | 680,422 | 652,069 |
| Acquisition and Integration Costs | 47,746 | 12,764 | 0 |
| Restructuring and other transformation | 41,933 | 206,426 | 194,396 |
| Intangible impairments | 0 | 0 | 23,000 |
| (Gain) loss on disposal/write-down of property, plant and equipment, net | (93,268) | (172,041) | (363,537) |
| Total Operating Expenses | 4,053,703 | 3,637,359 | 3,212,485 |
| Operating (Loss) Income | 1,049,871 | 854,172 | 934,785 |
| Interest Expense, Net (includes Interest Income of $8,276, $7,341 and $8,312 in 2022, 2021 and 2020, respectively) | 488,014 | 417,961 | 418,535 |
| Other (Income) Expense, Net | (69,781) | (192,804) | 143,545 |
| Net income (loss) before provision (benefit) for income taxes | 631,638 | 629,015 | 372,705 |
| Provision (Benefit) for Income Taxes | 69,489 | 176,290 | 29,609 |
| Net Income (Loss) | 562,149 | 452,725 | 343,096 |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests | 5,168 | 2,506 | 403 |
| Net Income (Loss) Attributable to Iron Mountain Incorporated | $ 556,981 | $ 450,219 | $ 342,693 |
| Earnings (Losses) Per Share Attributable to Iron Mountain Incorporated: | |||
| Basic (in dollars per share) | $ 1.92 | $ 1.56 | $ 1.19 |
| Diluted (in dollars per share) | $ 1.90 | $ 1.55 | $ 1.19 |
| Weighted average common shares outstanding-basic (in shares) | 290,812,000 | 289,457,000 | 288,183,000 |
| Weighted average common shares outstanding-diluted (in shares) | 292,444,177 | 290,975,090 | 288,643,190 |
| Storage rental | |||
| Revenues: | |||
| Total Revenues | $ 3,034,023 | $ 2,870,119 | $ 2,754,091 |
| Service | |||
| Revenues: | |||
| Total Revenues | $ 2,069,551 | $ 1,621,412 | $ 1,393,179 |
IRM Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 141,797 | $ 255,828 |
| Accounts receivable (less allowances of $54,143 and $62,009 as of December 31, 2022 and 2021, respectively) | 1,174,915 | 961,419 |
| Prepaid expenses and other | 230,433 | 224,020 |
| Total Current Assets | 1,547,145 | 1,441,267 |
| Property, Plant and Equipment: | ||
| Property, plant and equipment | 9,025,765 | 8,647,303 |
| Less—Accumulated depreciation | (3,910,321) | (3,979,159) |
| Property, Plant and Equipment, net | 5,115,444 | 4,668,144 |
| Other Assets, Net: | ||
| Goodwill | 4,882,734 | 4,463,531 |
| Customer and supplier relationships and other intangible assets | 1,423,145 | 1,181,043 |
| Operating lease right-of-use assets | 2,583,704 | 2,314,422 |
| Other | 588,342 | 381,624 |
| Total Other Assets, Net | 9,477,925 | 8,340,620 |
| Total Assets | 16,140,514 | 14,450,031 |
| Current Liabilities: | ||
| Current portion of long-term debt | 87,546 | 309,428 |
| Accounts payable | 469,198 | 369,145 |
| Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) | 1,031,910 | 1,032,537 |
| Deferred revenue | 328,910 | 307,470 |
| Total Current Liabilities | 1,917,564 | 2,018,580 |
| Long-term Debt, net of current portion | 10,481,449 | 8,962,513 |
| Long-term Operating Lease Liabilities, net of current portion | 2,429,167 | 2,171,472 |
| Other Long-term Liabilities | 317,376 | 144,053 |
| Deferred Income Taxes | 263,005 | 223,934 |
| Commitments and Contingencies | ||
| Redeemable Noncontrolling Interests | 95,160 | 72,411 |
| Iron Mountain Incorporated Stockholders’ Equity: | ||
| Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) | 0 | 0 |
| Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 290,830,296 shares and 289,757,061 shares as of December 31, 2022 and 2021, respectively) | 2,908 | 2,898 |
| Additional paid-in capital | 4,468,035 | 4,412,553 |
| (Distributions in excess of earnings) Earnings in excess of distributions | (3,392,272) | (3,221,152) |
| Accumulated other comprehensive items, net | (442,003) | (338,347) |
| Total Iron Mountain Incorporated Stockholders’ Equity | 636,668 | 855,952 |
| Noncontrolling Interests | 125 | 1,116 |
| Total Equity | 636,793 | 857,068 |
| Total Liabilities and Equity | $ 16,140,514 | $ 14,450,031 |