IRM (Iron Mountain) Construction In Progress: $0 Mil (As of Mar. 2026)


IRM Iron Mountain Inc IRM
85 GF Score
Price $130.48
GF Value $107.45
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Iron Mountain Construction In Progress?

Iron Mountain IRM -1.94% 85 Construction In Progress is $0 Mil as of Mar. 2026. GuruFocus rates IRM with a GF Score™ of 85/100 and a GF Value™ of $107.45 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Iron Mountain's quarterly construction in progress increased from Sep. 2025 ($0 Mil) to Dec. 2025 ($1,830 Mil) but then declined from Dec. 2025 ($1,830 Mil) to Mar. 2026 ($0 Mil).

Iron Mountain's annual construction in progress declined from Dec. 2023 ($1,623 Mil) to Dec. 2024 ($1,589 Mil) but then increased from Dec. 2024 ($1,589 Mil) to Dec. 2025 ($1,830 Mil).

Iron Mountain Construction In Progress Historical Data

* Premium members only.

The historical data trend for Iron Mountain's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iron Mountain Construction In Progress Chart

Iron Mountain Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 384.71 936.27 1,622.78 1,588.91 1,830.47

Iron Mountain Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1,830.47 0.00
IRM
85GF Score
Iron Mountain Inc IRM
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iron Mountain Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $0 Mil mean?
Iron Mountain (IRM) has a Construction In Progress of $0 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Iron Mountain and its competitors.
Is Iron Mountain's Construction In Progress too high?
Iron Mountain's current Construction In Progress is $0 Mil. Overall, Iron Mountain has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iron Mountain's Construction In Progress compare to CCI and SBAC?
Iron Mountain's Construction In Progress of $0 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Iron Mountain and its competitors. Iron Mountain's current Construction In Progress is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Mountain stock overvalued right now?
Based on GuruFocus' analysis, Iron Mountain (IRM) is currently considered Modestly Overvalued. The stock's GF Value™ is $107.45, compared to a current price of $130.48 — trading 21.4% above its estimated fair value. The current Construction In Progress is $0 Mil. Iron Mountain's overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Iron Mountain (IRM), the current Construction In Progress is $0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Iron Mountain (IRM) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued. The current stock price of $130.48 is trading 21.4% above its estimated GF Value™ of $107.45. GuruFocus considers Iron Mountain to be Modestly Overvalued.

Key valuation signals for IRM:

  • Construction In Progress: $0 Mil
  • GF Value™: $107.45 vs. price of $130.48 (21.4% above fair value)
  • GF Score™: 85/100 with 10 warning signs

No single metric tells the full story. See the IRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iron Mountain Business Description

Industry Real EstateREITs
Address 85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
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.
85GF Score

Get the complete analysis for IRM

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$130.48
Price
$107.45
GF Value