Digital Realty Trust, Inc. (DLR) vs Iron Mountain Incorporated (IRM)

IRM leads on 7 of 12 compared metrics, though DLR is the cheaper stock.

A side-by-side comparison of Digital Realty Trust, Inc. and Iron Mountain Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total returnDLR vs IRM

growth of $100 · dividends reinvested · last 22y
DLR +3358.8%IRM +1102.7%DLR compounded faster
01k2k3k4kStart $10020082012201620202024$3,459$1,203
DLR IRM

DLR vs IRM: by the numbers

  • DLR is the larger company ($63.04B vs $36.96B market cap).
  • DLR trades at the lower earnings multiple (46.38 vs 136.07 P/E).
  • DLR converts more revenue to profit (21.47% vs 3.76% net margin).
  • IRM grew revenue faster over the past five years (11.73% vs 9.00% CAGR).
  • DLR pays the higher dividend yield (2.77% vs 2.73%).

Which is better, DLR or IRM?

Metric tally: DLR 5 · IRM 7

It depends on what you're optimizing for:

ValueDLR(lower P/E)
GrowthIRM(faster 5Y revenue CAGR)
QualityIRM(higher ROIC)

Metrics side by side

Valuation

MetricDLRIRM
P/E ratio46.38136.07
Forward P/E84.3152.17
P/S ratio9.705.11
P/B ratio2.66
PEG ratio0.36
EV / EBITDA27.3624.22

Profitability

MetricDLRIRM
Gross margin55.39%25.69%
Operating margin14.61%18.01%
Net margin21.47%3.76%
ROE5.90%-14.74%
ROIC2.29%5.72%

Dividends

MetricDLRIRM
Dividend yield2.77%2.73%
Payout ratio130.83%689.18%

Growth (annualized)

MetricDLRIRM
Revenue CAGR (5Y)9.00%11.73%
EPS CAGR (5Y)29.87%-16.26%
Total return CAGR (5Y)5.90%28.03%

Frequently asked

Which is better, DLR or IRM?
It depends on your goal. value: DLR (lower P/E); growth: IRM (faster 5Y revenue CAGR); quality: IRM (higher ROIC). Across all compared metrics, IRM leads 7 to 5.
Is DLR or IRM cheaper?
On trailing earnings, DLR is cheaper: DLR trades at a 46.38 P/E and IRM at 136.07.
Which has grown faster, DLR or IRM?
Over the past five years, IRM grew revenue faster — DLR at a 9.00% CAGR versus IRM at 11.73%.
Does DLR or IRM pay a bigger dividend?
DLR yields 2.77% and IRM yields 2.73% based on trailing dividends and the latest price.
Is DLR or IRM more profitable?
DLR runs the higher net margin — DLR at 21.47% versus IRM at 3.76%.
Which has been the better investment, DLR or IRM?
Over the past 10-year, IRM delivered the higher annualized total return — DLR at 9.01% versus IRM at 18.17%. Past performance doesn't predict future results.

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 July 20, 2026.