Iron Mountain Stock Slides -10% With A 5-Day Losing Spree
Iron Mountain (IRM) stock hit day 5 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -10% return. The company has lost about $3.5 Bil in value over the last 5 days, with its current market capitalization at about $30 Bil. The stock remains 22.3% below its value at the end of 2024. This compares with year-to-date returns of 15.2% for the S&P 500.
Iron Mountain’s recent streak reflects broader REIT valuation concerns and elevated debt impacting investor sentiment, even as its burgeoning data center business shows strong momentum and the firm boosted its dividend by 10% to $0.864/share.
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Our take: There is a near-equal mix of good and bad in IRM stock given its overall Moderate operating performance and financial condition. Hence, despite its Moderate valuation, this makes the stock look Risky (see Buy or Sell IRM).
For quick background, IRM provides secure storage and protection of billions of valuable assets, including sensitive data, business information, and cultural artifacts, trusted by over 225,000 global organizations.
Comparing IRM Stock Returns With The S&P 500
The following table summarizes the return for IRM stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | IRM | S&P 500 |
|---|---|---|
| 1D | -0.7% | 0.8% |
| 5D (Current Streak) | -10.4% | -1.8% |
| 1M (21D) | -10.7% | 2.4% |
| 3M (63D) | -20.2% | 1.7% |
| YTD 2025 | -22.3% | 15.2% |
| 2024 | 54.5% | 23.3% |
| 2023 | 46.5% | 24.2% |
| 2022 | -0.1% | -19.4% |
Take a look at what history tells you about whether past dips like this have been buying opportunities or traps: IRM Dip Buyer Analysis.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 24 S&P constituents with 3 days or more of consecutive gains and 60 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 14 | 39 |
| 4D | 4 | 6 |
| 5D | 1 | 10 |
| 6D | 0 | 4 |
| 7D or more | 5 | 1 |
| Total >=3 D | 24 | 60 |
Key Financials for Iron Mountain (IRM)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $5.5 Bil | $6.1 Bil |
| Operating Income | $1.1 Bil | $1.2 Bil |
| Net Income | $184.2 Mil | $180.2 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $1.7 Bil | $1.8 Bil |
| Operating Income | $314.1 Mil | $364.7 Mil |
| Net Income | $-44.9 Mil | $84.3 Mil |
The losing streak IRM stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.