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Iron Mountain Valuation Multiples
Discover revenue and EBITDA valuation multiples for Iron Mountain and similar public comparables like VICI Properties, Extra Space Storage, Crown Castle, AvalonBay Communities and more.
Iron Mountain Overview
About Iron Mountain
Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.
Founded
1951
HQ
Employees
29.4K
Website
Sectors
Financials (LTM)
EV
$52B
Iron Mountain Financials
Iron Mountain reported last 12-month revenue of $7B and EBITDA of $3B.
In the same LTM period, Iron Mountain generated $4B in gross profit, $3B in EBITDA, and $242M in net income.
Revenue (LTM)
Iron Mountain P&L
In the most recent fiscal year, Iron Mountain reported revenue of $7B and EBITDA of $3B.
Iron Mountain expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $242M | XXX | $145M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $16B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Iron Mountain Stock Performance
Iron Mountain has current market cap of $33B, and enterprise value of $52B.
Market Cap Evolution
Iron Mountain's stock price is $110.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $52B | $33B | 0.0% | XXX | XXX | XXX | $0.49 |
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Start Free TrialIron Mountain Valuation Multiples
Iron Mountain trades at 7.3x EV/Revenue multiple, and 19.5x EV/EBITDA.
EV / Revenue (LTM)
Iron Mountain Financial Valuation Multiples
As of March 30, 2026, Iron Mountain has market cap of $33B and EV of $52B.
Equity research analysts estimate Iron Mountain's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Iron Mountain has a P/E ratio of 134.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $33B | XXX | $33B | XXX | XXX | XXX |
| EV (current) | $52B | XXX | $52B | XXX | XXX | XXX |
| EV/Revenue | 7.3x | XXX | 7.5x | XXX | XXX | XXX |
| EV/EBITDA | 19.5x | XXX | 20.0x | XXX | XXX | XXX |
| EV/EBIT | 33.3x | XXX | 34.3x | XXX | XXX | XXX |
| EV/Gross Profit | 13.1x | XXX | 13.5x | XXX | XXX | XXX |
| P/E | 134.9x | XXX | 225.7x | XXX | XXX | XXX |
| EV/FCF | 199.2x | XXX | 391.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Iron Mountain Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Iron Mountain Margins & Growth Rates
Iron Mountain's revenue in the last 12 month grew by 11%.
Iron Mountain's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Iron Mountain's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Iron Mountain's rule of X is 68% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Iron Mountain Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Iron Mountain Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| VICI Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| Extra Space Storage | XXX | XXX | XXX | XXX | XXX | XXX |
| Crown Castle | XXX | XXX | XXX | XXX | XXX | XXX |
| AvalonBay Communities | XXX | XXX | XXX | XXX | XXX | XXX |
| Ventas | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Iron Mountain M&A Activity
Iron Mountain acquired XXX companies to date.
Last acquisition by Iron Mountain was on XXXXXXXX, XXXXX. Iron Mountain acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Iron Mountain
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIron Mountain Investment Activity
Iron Mountain invested in XXX companies to date.
Iron Mountain made its latest investment on XXXXXXXX, XXXXX. Iron Mountain invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Iron Mountain
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Iron Mountain
| When was Iron Mountain founded? | Iron Mountain was founded in 1951. |
| Where is Iron Mountain headquartered? | Iron Mountain is headquartered in United States. |
| How many employees does Iron Mountain have? | As of today, Iron Mountain has over 29K employees. |
| Who is the CEO of Iron Mountain? | Iron Mountain's CEO is William L. Meaney. |
| Is Iron Mountain publicly listed? | Yes, Iron Mountain is a public company listed on NYSE. |
| What is the stock symbol of Iron Mountain? | Iron Mountain trades under IRM ticker. |
| When did Iron Mountain go public? | Iron Mountain went public in 1996. |
| Who are competitors of Iron Mountain? | Iron Mountain main competitors are VICI Properties, Extra Space Storage, Crown Castle, AvalonBay Communities. |
| What is the current market cap of Iron Mountain? | Iron Mountain's current market cap is $33B. |
| What is the current revenue of Iron Mountain? | Iron Mountain's last 12 months revenue is $7B. |
| What is the current revenue growth of Iron Mountain? | Iron Mountain revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Iron Mountain? | Current revenue multiple of Iron Mountain is 7.3x. |
| Is Iron Mountain profitable? | Yes, Iron Mountain is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Iron Mountain? | Iron Mountain's last 12 months EBITDA is $3B. |
| What is Iron Mountain's EBITDA margin? | Iron Mountain's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of Iron Mountain? | Current EBITDA multiple of Iron Mountain is 19.5x. |
| What is the current FCF of Iron Mountain? | Iron Mountain's last 12 months FCF is $259M. |
| What is Iron Mountain's FCF margin? | Iron Mountain's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Iron Mountain? | Current FCF multiple of Iron Mountain is 199.2x. |
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