Iron MountainIRM -2.04%85 ROA % is 2.70% as of Mar. 2026, which is 44% above its 10-year median of 1.87. 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 938 REITs companies, Iron Mountain ranks worse than 68.44% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Iron Mountain's annualizedNet Income for the quarter that ended in Mar. 2026 was $575 Mil.
Iron Mountain's average Total Assets over the quarter that ended in Mar. 2026 was $21,306 Mil. Therefore, Iron Mountain's annualized ROA % for the quarter that ended in Mar. 2026 was 2.70%.
The historical rank and industry rank for Iron Mountain's ROA % or its related term are showing as below:
IRM'
s ROA % Range Over the Past 10 Years
Min: 0.73 Med: 1.87 Max: 3.64
Current: 1.32
During the past 13 years, Iron Mountain's highest ROA % was 3.64%. The lowest was 0.73%. And the median was 1.87%.
IRM's ROA % is ranked worse than 68.44% of 938
companies
in the REITs industry
Industry Median: 3.23
vs IRM: 1.32
Iron Mountain (NYSE:IRM) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Iron Mountain ROA % Related Terms
Iron Mountain ROA % Historical Data
* Premium members only.
The historical data trend for Iron Mountain's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's ROA % distribution charts can be found below:
* The bar in red indicates where Iron Mountain's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Iron Mountain (IRM) has a ROA % of 2.70% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Iron Mountain and its competitors. This is 44% above median its historical median of 1.87. Over the past decade, Iron Mountain's ROA % has ranged from 0.73 to 3.64. According to the industry distribution chart, Iron Mountain ranks #642 out of 938 companies in the REITs industry, placing it in the top 68.4%.
Is Iron Mountain's ROA % too high?
Iron Mountain's current ROA % of 2.70% is 44% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 3.64. The REITs industry median ROA % is 3.23. Iron Mountain's value of 2.70% is 16.4% below this industry median. Based on the distribution chart, Iron Mountain ranks #642 out of 938 companies in the REITs industry, which is below the industry midpoint. 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 ROA % compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #642 out of 938 companies for ROA %. This places Iron Mountain in the lower half of its industry. The industry median ROA % is 3.23. Iron Mountain's value of 2.70% is 16.4% below this benchmark. Historically, Iron Mountain's own ROA % has ranged from 0.73 to 3.64 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 3.23, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current ROA % of 2.70% is 16.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Iron Mountain and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current ROA % is 2.70%, which is 44% above median its own 10-year median of 1.87. 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 $130.34 — trading 21.3% above its estimated fair value. The current ROA % is 2.70%, which is 44% above median its 10-year median of 1.87 and 16.4% below the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Iron Mountain (IRM), the current ROA % is 2.70% 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 $130.34 is trading 21.3% above its estimated GF Value™ of $107.45.
GuruFocus considers Iron Mountain to be Modestly Overvalued.
Key valuation signals for IRM:
ROA %: 2.70% (44% above median its 10-year median of 1.87)
GF Value™: $107.45 vs. price of $130.34 (21.3% above fair value)
Industry Position: 16.4% below the REITs median (#642 of 938)
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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