WallStSmart

Iron Mountain Incorporated (IRM)vsNetstreit Corp (NTST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 3248% more annual revenue ($6.90B vs $206.16M). NTST leads profitability with a 5.3% profit margin vs 2.1%. NTST trades at a lower P/E of 171.4x. NTST earns a higher WallStSmart Score of 58/100 (C).

IRM

Buy

52

out of 100

Grade: C-

Growth: 6.0Profit: 7.0Value: 2.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.12

NTST

Buy

58

out of 100

Grade: C

Growth: 9.3Profit: 5.5Value: 5.7Quality: 6.0
Piotroski: 5/9Altman Z: 0.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRMOvervalued (-10.8%)

Margin of Safety

-10.8%

Fair Value

$90.41

Current Price

$114.52

$24.11 premium

UndervaluedFair: $90.41Overvalued
NTSTUndervalued (+56.3%)

Margin of Safety

+56.3%

Fair Value

$44.05

Current Price

$20.57

$23.48 discount

UndervaluedFair: $44.05Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IRM3 strengths · Avg: 8.7/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

Operating MarginProfitability
22.0%8/10

Strong operational efficiency at 22.0%

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

NTST4 strengths · Avg: 9.5/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
37.7%10/10

Strong operational efficiency at 37.7%

EPS GrowthGrowth
177.0%10/10

Earnings expanding 177.0% YoY

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

Areas to Watch

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
2.1%3/10

2.1% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
2.702/10

Expensive relative to growth rate

P/E RatioValuation
229.0x2/10

Premium valuation, high expectations priced in

NTST4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.8%3/10

ROE of 0.8% — below average capital efficiency

Profit MarginProfitability
5.3%3/10

5.3% margin — thin

P/E RatioValuation
171.4x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-213.10M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : IRM

The strongest argument for IRM centers on Return on Equity, Operating Margin, Revenue Growth. Revenue growth of 16.6% demonstrates continued momentum.

Bull Case : NTST

The strongest argument for NTST centers on Price/Book, Operating Margin, EPS Growth. Revenue growth of 24.3% demonstrates continued momentum.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 229.0x leaves little room for execution misses. Thin 2.1% margins leave little buffer for downturns.

Bear Case : NTST

The primary concerns for NTST are Return on Equity, Profit Margin, P/E Ratio. A P/E of 171.4x leaves little room for execution misses.

Key Dynamics to Monitor

IRM carries more volatility with a beta of 1.15 — expect wider price swings.

NTST is growing revenue faster at 24.3% — sustainability is the question.

IRM generates stronger free cash flow (-16M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NTST scores higher overall (58/100 vs 52/100) and 24.3% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Iron Mountain Incorporated

REAL ESTATE · REIT - SPECIALTY · USA

Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

Netstreit Corp

REAL ESTATE · REIT - RETAIL · USA

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single tenant net lease retail properties nationwide.

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