Invitation Homes Inc. (INVH) vs Iron Mountain Incorporated (IRM)
A side-by-side comparison of Invitation Homes 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 — INVH vs IRM
growth of $100 · dividends reinvested · last 10yINVH vs IRM: by the numbers
- •IRM is the larger company ($33.14B vs $15.81B market cap).
- •INVH converts more revenue to profit (23.14% vs 5.54% net margin).
- •IRM grew revenue faster over the past five years (11.97% vs 8.60% CAGR).
- •INVH pays the higher dividend yield (4.32% vs 2.93%).
Metrics side by side
Valuation
| Metric | INVH | IRM |
|---|---|---|
| P/E ratio | 24.42 | 79.56 |
| Forward P/E | 26.46 | 44.66 |
| P/S ratio | 5.54 | 4.38 |
| P/B ratio | 1.75 | N/A |
| EV / EBITDA | 14.93 | 21.31 |
| FCF yield | 5.44% | N/A |
For REITs like Invitation Homes 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 | INVH | IRM |
|---|---|---|
| Gross margin | 3.69% | 25.69% |
| Operating margin | 30.16% | 18.76% |
| Net margin | 23.14% | 5.54% |
| ROE | 7.30% | N/A |
| ROIC | 4.67% | 6.34% |
Dividends
| Metric | INVH | IRM |
|---|---|---|
| Dividend yield | 4.32% | 2.93% |
| Payout ratio | 109.17% | 241.21% |
Invitation Homes 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 | INVH | IRM |
|---|---|---|
| Revenue CAGR (5Y) | 8.60% | 11.97% |
| EPS CAGR (5Y) | 22.36% | -16.26% |
| FCF CAGR (5Y) | 12.11% | -43.23% |
| Total return CAGR (5Y) | -4.29% | 24.35% |
Frequently asked
- Which has grown faster, INVH or IRM?
- Over the past five years, IRM grew revenue faster — INVH at a 8.60% CAGR versus IRM at 11.97%.
- Does INVH or IRM pay a bigger dividend?
- INVH yields 4.32% and IRM yields 2.93% based on trailing dividends and the latest price.
- Is INVH or IRM more profitable?
- INVH runs the higher net margin — INVH at 23.14% versus IRM at 5.54%.
- How have INVH and IRM total returns compared?
- Over the past 5 years, INVH delivered -4.29% and IRM delivered 24.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Invitation Homes & 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.