Iron Mountain Incorporated (IRM)vsVICI Properties Inc (VICI)
IRM
Iron Mountain Incorporated
$125.99
+10.02%
REAL ESTATE · Cap: $34.07B
VICI
VICI Properties Inc
$29.20
+2.10%
REAL ESTATE · Cap: $30.63B
Smart Verdict
WallStSmart Research — data-driven comparison
Iron Mountain Incorporated generates 72% more annual revenue ($6.90B vs $4.01B). VICI leads profitability with a 69.3% profit margin vs 2.1%. VICI trades at a lower P/E of 11.0x. VICI earns a higher WallStSmart Score of 56/100 (C).
IRM
Buy52
out of 100
Grade: C-
VICI
Buy56
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-10.8%
Fair Value
$90.41
Current Price
$125.99
$35.58 premium
Margin of Safety
+49.4%
Fair Value
$57.61
Current Price
$29.20
$28.41 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 225 in profit
Strong operational efficiency at 22.0%
16.6% revenue growth
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 69 of every $100 in revenue as profit
Strong operational efficiency at 80.3%
Areas to Watch
2.1% margin — thin
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
3.8% revenue growth
Distress zone — elevated risk
Weak financial health signals
Earnings declined 3.4%
Comparative Analysis Report
WallStSmart ResearchBull 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 : VICI
The strongest argument for VICI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 69.3% and operating margin at 80.3%.
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 : VICI
The primary concerns for VICI are Revenue Growth, Altman Z-Score, Piotroski F-Score.
Key Dynamics to Monitor
IRM profiles as a growth stock while VICI is a value play — different risk/reward profiles.
IRM carries more volatility with a beta of 1.15 — expect wider price swings.
IRM is growing revenue faster at 16.6% — sustainability is the question.
VICI generates stronger free cash flow (692M), providing more financial flexibility.
Bottom Line
VICI scores higher overall (56/100 vs 52/100), backed by strong 69.3% margins. 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.
VICI Properties Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
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