Iron MountainIRM -1.94%85 Gross Margin % is 54.04% as of Mar. 2026, which is 5% below its 10-year median of 56.99. 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. Among 680 REITs companies, Iron Mountain ranks worse than 79.26% on this metric.
The historical rank and industry rank for Iron Mountain's Gross Margin % or its related term are showing as below:
IRM'
s Gross Margin % Range Over the Past 10 Years
Min: 55.02 Med: 56.99 Max: 57.98
Current: 55.02
During the past 13 years, the highestGross Margin % of Iron Mountain was 57.98%. The lowest was 55.02%. And the median was 56.99%.
IRM's Gross Margin % is ranked worse than 79.26% of 680
companies
in the REITs industry
Industry Median: 69.61
vs IRM: 55.02
Iron Mountain had a gross margin of 54.04% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Iron Mountain was -0.90% per year.
Iron Mountain (NYSE:IRM) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Iron Mountain had a gross margin of 54.04% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Iron Mountain Gross Margin % Related Terms
Iron Mountain Gross Margin % Historical Data
* Premium members only.
The historical data trend for Iron Mountain's Gross Margin % 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.
For the REIT - Specialty subindustry, Iron Mountain's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Iron Mountain Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Iron Mountain's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Iron Mountain (IRM) has a Gross Margin % of 54.04% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Iron Mountain and its competitors. This is near median its historical median of 56.99. Over the past decade, Iron Mountain's Gross Margin % has ranged from 55.02 to 57.98. According to the industry distribution chart, Iron Mountain ranks #539 out of 680 companies in the REITs industry, placing it in the top 79.3%.
Is Iron Mountain's Gross Margin % too high?
Iron Mountain's current Gross Margin % of 54.04% is near median its 10-year median of 56.99. Over the past 10 years, this metric has ranged from a low of 55.02 to a high of 57.98. The REITs industry median Gross Margin % is 69.61. Iron Mountain's value of 54.04% is 22.4% below this industry median. Based on the distribution chart, Iron Mountain ranks #539 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Gross Margin % compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #539 out of 680 companies for Gross Margin %. This places Iron Mountain in the lower half of its industry. The industry median Gross Margin % is 69.61. Iron Mountain's value of 54.04% is 22.4% below this benchmark. Historically, Iron Mountain's own Gross Margin % has ranged from 55.02 to 57.98 over the past decade. While the company's 10-year median is 56.99 vs. the industry median of 69.61, Iron Mountain has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current Gross Margin % of 54.04% is 22.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Iron Mountain and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current Gross Margin % is 54.04%, which is near median its own 10-year median of 56.99. 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 Gross Margin % is 54.04%, which is near median its 10-year median of 56.99 and 22.4% below the REITs industry median of 69.61. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Iron Mountain (IRM), the current Gross Margin % is 54.04% 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:
Gross Margin %: 54.04% (near median its 10-year median of 56.99)
GF Value™: $107.45 vs. price of $130.48 (21.4% above fair value)
Industry Position: 22.4% below the REITs median (#539 of 680)
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 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
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