10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Iron Mountain's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Iron Mountain's 10-Year ROIIC % or its related term are showing as below:
IRM's 10-Year ROIIC % is ranked better than 52.27% of 572
companies
in the REITs industry
Industry Median: 3.63
vs IRM: 3.84
Iron Mountain (NYSE:IRM) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Iron Mountain 10-Year ROIIC % Related Terms
Iron Mountain 10-Year ROIIC % Historical Data
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The historical data trend for Iron Mountain's 10-Year ROIIC % 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 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Iron Mountain's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Iron Mountain's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Iron Mountain (IRM) has a 10-Year ROIIC % of 3.84 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Iron Mountain and its competitors. According to the industry distribution chart, Iron Mountain ranks #273 out of 572 companies in the REITs industry, placing it in the top 47.7%.
Is Iron Mountain's 10-Year ROIIC % too high?
Iron Mountain's current 10-Year ROIIC % is 3.84. The REITs industry median 10-Year ROIIC % is 3.63. Iron Mountain's value of 3.84 is 5.8% above this industry median. Based on the distribution chart, Iron Mountain ranks #273 out of 572 companies in the REITs industry, which is above 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 10-Year ROIIC % compare to CCI and SBAC?
According to the REITs industry distribution chart, Iron Mountain ranks #273 out of 572 companies for 10-Year ROIIC %. This puts Iron Mountain in the upper half of its industry. The industry median 10-Year ROIIC % is 3.63. Iron Mountain's value of 3.84 is 5.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a REITs company?
The median 10-Year ROIIC % among REITs companies is 3.63, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current 10-Year ROIIC % of 3.84 is 5.8% above 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Iron Mountain and its competitors. For the REITs industry, the median 10-Year ROIIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current 10-Year ROIIC % is 3.84. 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 $108.02, compared to a current price of $121.51 — trading 12.5% above its estimated fair value. The current 10-Year ROIIC % is 3.84 and 5.8% above the REITs industry median of 3.63. Iron Mountain's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Iron Mountain (IRM), the current 10-Year ROIIC % is 3.84 as of Dec. 2025. 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 $121.51 is trading 12.5% above its estimated GF Value™ of $108.02.
GuruFocus considers Iron Mountain to be Modestly Overvalued.
Key valuation signals for IRM:
10-Year ROIIC %: 3.84
GF Value™: $108.02 vs. price of $121.51 (12.5% above fair value)
Industry Position: 5.8% above the REITs median (#273 of 572)
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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