Iron Mountain Incorporated vs Equinix, Inc.
EQIX wins the Tale of the Tape 6–3.
🏆 Tale of the Tape
Green = winner in each category. Higher is better except P/E (lower = cheaper).
Rolling Correlation
Moderately correlated — some diversification benefit from holding both.
Fundamentals
| Metric | IRM | EQIX |
|---|---|---|
| Market Cap | $38.2B | $105.3B |
| P/E Ratio | 139.4x | 74.1x |
| Forward P/E | 48.0x | 55.6x |
| P/B | -31.40x | 7.37x |
| Dividend Yield | 2.69% | 1.84% |
| Beta | 1.23 | 1.00 |
Quantitative Metrics
| Metric | IRM | EQIX |
|---|---|---|
| DCF Fair Value | — | — |
| DCF Upside | — | — |
| Piotroski F | 4/9 | 5/9 |
| Altman Z | 0.99 | 2.57 |
| Beneish M | -2.65 | -2.78 |
| FCF Yield | -2.07% | -0.34% |
| Net Debt/EBITDA | 7.6x | 3.9x |
| ROIC | 4.5% | 4.4% |
| WACC | 9.3% | 10.0% |
| ROIC – WACC | -4.8pp | -5.5pp |
| Gross Margin | 55.4% | 51.1% |
| Net Margin | 2.1% | 14.6% |
| Rev Growth YoY | 12.2% | 5.4% |
| Sharpe (1Y) | 1.04 | 1.11 |
| Max Drawdown 3Y | -39.0% | — |
| FCF Payout Ratio | — | — |
IRM Price
EQIX Price
ETF Exposure
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Quant metrics computed from financial statements and 1,200+ trading days. Correlation is Pearson coefficient on daily log returns. Not investment advice.
IRM vs EQIX: Head-to-Head Analysis
Iron Mountain Incorporated (IRM) and Equinix, Inc. (EQIX) represent two companies in the Real Estate sector. In our quantitative Tale of the Tape scoring, EQIX leads 6–3 across nine fundamental and risk metrics including profitability, valuation, capital efficiency, and financial health.
In terms of capital efficiency, IRM generates a return on invested capital (ROIC) of 4.5% compared to EQIX's 4.4%. This suggests IRM is more effective at deploying capital to generate shareholder returns.
The 252-day rolling correlation between IRM and EQIX is 0.577, indicating moderate co-movement, with some diversification value from holding both in a portfolio context.
IRM appears in 29 ETFs tracked by SecuritiesDB, while EQIX appears in 27 ETFs. Investors holding broad-market ETFs may already have indirect exposure to both stocks.
Frequently Asked Questions
Which stock is the better investment, IRM or EQIX?
Our quantitative analysis compares IRM and EQIX across nine fundamental dimensions. EQIX wins the Tale of the Tape 6–3. However, stock selection depends on your individual risk tolerance, time horizon, and portfolio context. These metrics are computed from SEC filings and market data — they are not investment recommendations.
Are IRM and EQIX correlated?
The 252-day correlation between IRM and EQIX is 0.577. They show moderate correlation — partially diversifying.
How is the Tale of the Tape scored?
The Tale of the Tape compares both stocks across nine categories: profitability (net margin), valuation (P/E), efficiency (ROIC), health (Piotroski F-Score), safety (Altman Z-Score), growth (revenue YoY), risk (Sharpe ratio), leverage (debt-to-equity), and cash generation (FCF yield). The stock that wins more categories takes the overall score. Lower P/E and lower debt-to-equity count as wins.