IRM
Iron Mountain Incorporated Real Estate - REIT - Specialty Investor Relations →
Iron Mountain Incorporated (IRM) closed at $114.34 as of 2026-09-18, trading 38.0% above its 200-week moving average of $82.89. The stock is currently moving closer to the line, down from 38.5% last week. The 14-week RSI sits at 41, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.15 ratio) is neutral — neither side is clearly dominating.
Over the past 1550 weeks of data, IRM has crossed below its 200-week moving average 16 times. On average, these episodes lasted 10 weeks. Historically, investors who bought IRM at the start of these episodes saw an average one-year return of +24.2%.
With a market cap of $34.0 billion, IRM is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. The stock trades at -26.6x book value.
Over the past 29.8 years, a hypothetical investment of $100 in IRM would have grown to $5708, compared to $1616 for the S&P 500. That represents an annualized return of 14.6% vs 9.8% for the index — confirming IRM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: IRM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After IRM Crosses Below the Line?
Across 16 historical episodes, buying IRM when it crossed below its 200-week moving average produced an average return of +25.4% after 12 months (median +25.0%), compared to +11.8% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +42.1% vs +27.2% for the index.
Each line shows $100 invested at the moment IRM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. IRM currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-05 | $0.56 | $0.60 | +7.5% |
| 2026-04-30 | $0.52 | $0.60 | +15.8% |
| 2026-02-12 | $0.59 | $0.61 | +3.8% |
| 2025-11-05 | $0.53 | $0.54 | +2.4% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from IRM's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
IRM has crossed below its 200-week MA 16 times with an average 1-year return of +24.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1997 | Apr 1997 | 1 | 0.9% | +71.1% | +6799.1% |
| Sep 2002 | Oct 2002 | 2 | 10.7% | +65.1% | +3160.9% |
| Mar 2008 | Mar 2008 | 2 | 4.2% | -14.1% | +1193.3% |
| Jun 2008 | Jul 2008 | 2 | 4.0% | +9.0% | +1124.7% |
| Sep 2008 | Apr 2009 | 33 | 33.6% | +7.2% | +1101.6% |
| May 2009 | May 2009 | 2 | 0.5% | -8.9% | +1082.0% |
| Sep 2009 | Mar 2010 | 26 | 19.8% | -17.8% | +1089.1% |
| Apr 2010 | Apr 2010 | 1 | 2.0% | +28.4% | +1098.7% |
| Apr 2010 | Feb 2011 | 41 | 23.4% | +29.1% | +1163.6% |
| Feb 2011 | Mar 2011 | 1 | 2.9% | +24.2% | +1144.1% |
| Oct 2013 | Oct 2013 | 1 | 0.6% | +45.1% | +910.9% |
| Jan 2016 | Jan 2016 | 3 | 7.5% | +38.6% | +699.8% |
| Oct 2018 | Oct 2018 | 1 | 1.0% | +20.2% | +466.5% |
| Jul 2019 | Jul 2019 | 3 | 1.5% | -3.7% | +442.0% |
| Feb 2020 | Aug 2020 | 23 | 26.1% | +24.9% | +418.1% |
| Sep 2020 | Nov 2020 | 11 | 10.6% | +69.0% | +420.1% |
| Average | 10 | — | +24.2% | — |
Frequently Asked Questions
Is IRM below its 200-week moving average?
No. Iron Mountain Incorporated (IRM) is currently 38.0% above its 200-week moving average of $82.89. It would need to fall to $82.89 to cross below the line.
What is IRM's 200-week moving average price?
Iron Mountain Incorporated's 200-week moving average is $82.89 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when IRM drops below its 200-week moving average?
IRM has crossed below its 200-week moving average 16 times in our data. On average, buying at that moment produced a one-year return of +24.2%. These dips have historically been decent entry points. These episodes lasted 10 weeks on average.
Is IRM a good value right now?
Here's what our data says about IRM as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 41. Free cash flow is currently negative. Price-to-book is -26.6x. This is not a buy or sell recommendation — always do your own research.
How does IRM compare to the S&P 500?
Over the past 29.8 years, $100 invested in IRM would have grown to $5708, compared to $1616 for the S&P 500. That's 14.6% annualized vs 9.8% for the index. IRM has outperformed the broader market over this period.
Does IRM pay a dividend?
Yes. Iron Mountain Incorporated currently pays a dividend yield of 303.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18