CBRE Group, Inc. (CBRE) vs Iron Mountain Incorporated (IRM)
A side-by-side comparison of CBRE Group, Inc. and Iron Mountain Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — CBRE vs IRM
growth of $100 · dividends reinvested · last 10yCBRE vs IRM: by the numbers
- •CBRE is the larger company ($39.02B vs $33.14B market cap).
- •IRM converts more revenue to profit (5.54% vs 2.98% net margin).
- •IRM grew revenue faster over the past five years (11.97% vs 11.83% CAGR).
- •IRM pays a dividend (2.93% yield), while CBRE has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | CBRE | IRM |
|---|---|---|
| P/E ratio | 30.90 | 79.56 |
| Forward P/E | 17.20 | 44.66 |
| P/S ratio | 0.89 | 4.38 |
| P/B ratio | 4.65 | N/A |
| EV / EBITDA | 21.20 | 21.31 |
| FCF yield | 2.40% | N/A |
For REITs like CBRE Group, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Iron Mountain Incorporated, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | CBRE | IRM |
|---|---|---|
| Gross margin | 17.66% | 25.69% |
| Operating margin | 3.61% | 18.76% |
| Net margin | 2.98% | 5.54% |
| ROE | 15.49% | N/A |
| ROIC | 5.77% | 6.34% |
Dividends
| Metric | CBRE | IRM |
|---|---|---|
| Dividend yield | N/A | 2.93% |
| Payout ratio | N/A | 241.21% |
CBRE Group, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Iron Mountain Incorporated's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | CBRE | IRM |
|---|---|---|
| Revenue CAGR (5Y) | 11.83% | 11.97% |
| EPS CAGR (5Y) | 11.62% | -16.26% |
| FCF CAGR (5Y) | -13.21% | -43.23% |
| Total return CAGR (5Y) | 7.71% | 24.35% |
Frequently asked
- Which has grown faster, CBRE or IRM?
- Over the past five years, IRM grew revenue faster — CBRE at a 11.83% CAGR versus IRM at 11.97%.
- Does CBRE or IRM pay a bigger dividend?
- IRM pays a dividend (2.93% yield), while CBRE has no payments in the available dividend history.
- Is CBRE or IRM more profitable?
- IRM runs the higher net margin — CBRE at 2.98% versus IRM at 5.54%.
- How have CBRE and IRM total returns compared?
- Over the past 10 years, CBRE delivered 17.55% and IRM delivered 18.31% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CBRE & Iron Mountain appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.