Salesforce, Inc. (CRM) vs Iron Mountain Incorporated (IRM) Stock Comparison

Compare Stocks › CRM vs IRM

CRM

Salesforce, Inc.

$194.99

IRM

Iron Mountain Incorporated

$104.94

Rewards

CRM

★Gross margin of 77.7% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Free cash flow has grown at a 31.6% CAGR over the past 4 years, demonstrating strong earnings power growth.
★Management has timed buybacks well — 3 out of 4 years showed value-accretive repurchases.

IRM

Risks

CRM

IRM

⚠Trailing P/E of 214.2x is 79% above the historical average of 119.7x — the stock trades at a premium to its own history.
⚠Net debt/EBITDA of 8.1x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.
⚠Altman Z-Score of 0.83 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.

Key Valuation Metrics

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CRM

IRM

Valuation

$16.37B

Free Cash Flow

$-1.17B

8.96%

FCF Yield

-3.76%

25.00

Trailing P/E

214.16

13.08

Forward P/E

40.97

Quality & Moat

8.21%

ROIC

6.26%

12.61%

ROE

N/A

77.68%

Gross Margin

55.38%

1.40

PEG Ratio

N/A

Balance Sheet Safety

0.30

Debt / Equity

N/A

Interest Coverage

N/A

0.65

Net Debt / EBITDA

8.14

0.90%

Dividend Yield

3.29%

CRM: 7Ties: 1IRM: 1

CRMIRM

Historical Fundamentals

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CRM

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

IRM

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

$1 Retained Earnings Test

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CRM

$-5.25

created per $1 retained over 3 years

Market Cap Declined

Σ Retained

$14.67B

Δ Market Cap

$-76.99B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

IRM

N/A

Net losses over 3 years — test not applicable

Company had negative cumulative retained earnings

Σ Retained

$-1.94B

Δ Market Cap

+$10.04B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

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CRM

13.0% Margin of Safety

Price is 13.0% below estimated fair value

Current Price: $194.99

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $224.03

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

IRM

Insufficient Data

Enter initial FCF to calculate intrinsic value

Current Price: $104.94

Strongly undervalued

Strongly overvalued

Fair Value: $0.00

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Reverse DCF — Market-Implied Growth

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CRM

What growth rate is the market pricing in at $195?

+11.1%

Market-Implied Owner Earnings Growth

Standard FCF implies +0.3%

The market implies +11.1% Owner Earnings growth, below historical trends — potential opportunity.

Standard FCF implies a more demanding +0.3%, reflecting heavy growth investment expected to generate future returns.

IRM

Requires positive FCF to compute implied growth rate.

Economic Moat Score

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CRM

58/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with revenue predictability as the key competitive advantage. Improving roic consistency would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

IRM

53/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with revenue predictability as the key competitive advantage. Improving roic consistency would strengthen the moat.

Forensic Accounting

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CRM

-2.73

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

IRM

-2.66

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Ownership Breakdown

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CRM

Insiders 2.7%Institutions 85.0%Retail & Other 12.3%

No. of Institutional Holders3,961

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

IRM

Insiders 0.9%Institutions 88.8%Retail & Other 10.4%

No. of Institutional Holders1,379

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

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CRM

Buys (3M)

Buys (12M)

Total value (12M): $26.38M

KIRK DAVID BLAIR

Director

$500,722

@ $258.64 · 2025-12-17

MORFIT G MASON

Director and Beneficial Owner of more than 10% of a Class of Security

$25.02M

@ $260.58 · 2025-12-05

KIRK DAVID BLAIR

Director

$865,827

@ $254.66 · 2025-09-09

Open market purchases · includes direct & indirect ownership · excludes option exercises

IRM

Buys (3M)

Buys (12M)

Total value (12M): $2,954

KELLY CHRISTIE BARTON

Director

$2,954

@ $89.52 · 2025-11-19

Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

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CRM

Sells (3M)

Sells (12M)

Total value (12M): $42.55M

KROES NEELIE

Director

$929,276

@ $238.70 · 2026-01-14

HARRIS G PARKER

Officer and Director

$31.61M

@ $234.70 · 2025-12-02

BENIOFF MARC RUSSELL

Chief Executive Officer

$575,140

@ $255.62 · 2025-10-23

BENIOFF MARC RUSSELL

Chief Executive Officer

$590,102

@ $262.27 · 2025-10-21

BENIOFF MARC RUSSELL

Chief Executive Officer

$567,631

@ $252.28 · 2025-10-20

BENIOFF MARC RUSSELL

Chief Executive Officer

$550,430

@ $244.64 · 2025-10-17

BENIOFF MARC RUSSELL

Chief Executive Officer

$558,810

@ $248.36 · 2025-10-16

BENIOFF MARC RUSSELL

Chief Executive Officer

$536,322

@ $238.37 · 2025-10-15

BENIOFF MARC RUSSELL

Chief Executive Officer

$548,796

@ $243.91 · 2025-10-14

BENIOFF MARC RUSSELL

Chief Executive Officer

$1.10M

@ $244.75 · 2025-10-13

BENIOFF MARC RUSSELL

Chief Executive Officer

$547,344

@ $243.26 · 2025-10-09

BENIOFF MARC RUSSELL

Chief Executive Officer

$539,533

@ $239.79 · 2025-10-08

BENIOFF MARC RUSSELL

Chief Executive Officer

$555,001

@ $246.67 · 2025-09-23

BENIOFF MARC RUSSELL

Chief Executive Officer

$552,798

@ $245.69 · 2025-09-19

BENIOFF MARC RUSSELL

Chief Executive Officer

$545,384

@ $242.39 · 2025-09-15

BENIOFF MARC RUSSELL

Chief Executive Officer

$543,378

@ $241.50 · 2025-09-04

BENIOFF MARC RUSSELL

Chief Executive Officer

$572,842

@ $254.60 · 2025-09-03

BENIOFF MARC RUSSELL

Chief Executive Officer

$571,202

@ $253.87 · 2025-08-28

BENIOFF MARC RUSSELL

Chief Executive Officer

$557,034

@ $247.57 · 2025-08-25

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

IRM

Sells (3M)

Sells (12M)

Total value (12M): $125.79M

MEANEY WILLIAM L

Chief Executive Officer

$10.48M

@ $106.25 · 2026-03-05

MEANEY WILLIAM L

Chief Executive Officer

$21.13M

@ $107.10 · 2026-03-04

MEANEY WILLIAM L

Chief Executive Officer

$15.00M

@ $109.39 · 2026-03-02

ALLERTON JENNIFER

Director

$762,160

@ $108.88 · 2026-03-02

KIDD MARK

Officer

$643,620

@ $107.27 · 2026-03-02

MEANEY WILLIAM L

Chief Executive Officer

$4.16M

@ $108.17 · 2026-02-20

KIDD MARK

Officer

$649,020

@ $108.17 · 2026-02-20

MEANEY WILLIAM L

Chief Executive Officer

$3.20M

@ $83.17 · 2026-01-02

KIDD MARK

Officer

$498,600

@ $83.10 · 2026-01-02

MEANEY WILLIAM L

Chief Executive Officer

$5.76M

@ $83.34 · 2025-12-01

KIDD MARK

Officer

$510,000

@ $85.00 · 2025-12-01

MEANEY WILLIAM L

Chief Executive Officer

$7.10M

@ $102.75 · 2025-11-03

KIDD MARK

Officer

$615,060

@ $102.51 · 2025-11-03

KIDD MARK

Officer

$736,591

@ $100.82 · 2025-10-31

MEANEY WILLIAM L

Chief Executive Officer

$7.07M

@ $102.34 · 2025-10-01

KIDD MARK

Officer

$609,780

@ $101.63 · 2025-10-01

MEANEY WILLIAM L

Chief Executive Officer

$6.19M

@ $89.56 · 2025-09-03

KIDD MARK

Officer

$546,300

@ $91.05 · 2025-09-02

MEANEY WILLIAM L

Chief Executive Officer

$6.54M

@ $94.55 · 2025-08-01

KIDD MARK

Officer

$583,200

@ $97.20 · 2025-08-01

MCINTOSH GREG W

Officer

$1.69M

@ $97.20 · 2025-08-01

MEANEY WILLIAM L

Chief Executive Officer

$6.94M

@ $100.36 · 2025-07-01

KIDD MARK

Officer

$612,120

@ $102.02 · 2025-07-01

MCINTOSH GREG W

Officer

$1.73M

@ $100.00 · 2025-07-01

RAKOWICH WALTER C.

Director

$89,973

@ $99.97 · 2025-06-04

MEANEY WILLIAM L

Chief Executive Officer

$6.83M

@ $98.77 · 2025-06-02

MCINTOSH GREG W

Officer

$1.70M

@ $98.19 · 2025-06-02

MCINTOSH GREG W

Officer

$807,384

@ $96.14 · 2025-05-22

MEANEY WILLIAM L

Chief Executive Officer

$6.64M

@ $96.09 · 2025-05-02

MEANEY WILLIAM L

Chief Executive Officer

$5.95M

@ $86.11 · 2025-04-01

MEANEY WILLIAM L

Chief Executive Officer

$21.25M

@ $89.50 · 2025-03-04

MEANEY WILLIAM L

Chief Executive Officer

$21.25M

@ $89.50 · 2025-03-04

BHARGAVA MITHU

Officer

$161,356

@ $92.84 · 2025-03-03

MEANEY WILLIAM L

Chief Executive Officer

$15.76M

@ $91.33 · 2025-03-03

BORGES DANIEL

Officer

$597,240

@ $92.84 · 2025-03-03

MEANEY WILLIAM L

Chief Executive Officer

$6.90M

@ $99.83 · 2025-02-03

MEANEY WILLIAM L

Chief Executive Officer

$7.25M

@ $104.85 · 2025-01-02

BHARGAVA MITHU

Officer

$863,401

@ $104.49 · 2024-12-23

MEANEY WILLIAM L

Chief Executive Officer

$3.60M

@ $113.55 · 2024-12-11

MEANEY WILLIAM L

Chief Executive Officer

$3.76M

@ $118.47 · 2024-11-11

MEANEY WILLIAM L

Chief Executive Officer

$3.73M

@ $117.52 · 2024-10-08

MEANEY WILLIAM L

Chief Executive Officer

$3.70M

@ $116.43 · 2024-09-18

MURDOCK WENDY J

Director

$989,230

@ $116.38 · 2024-09-17

MARSON DEBORAH

General Counsel

$406,296

@ $112.86 · 2024-09-03

BAKER-GREENE EDWARD

Officer

$248,254

@ $109.75 · 2024-08-20

MEANEY WILLIAM L

Chief Executive Officer

$3.46M

@ $109.08 · 2024-08-20

TOMOVCSIK JOHN

Chief Operating Officer

$110,000

@ $110.00 · 2024-08-19

MARSON DEBORAH

General Counsel

$498,741

@ $107.58 · 2024-08-09

TOMOVCSIK JOHN

Chief Operating Officer

$300,930

@ $105.00 · 2024-08-01

TOMOVCSIK JOHN

Chief Operating Officer

$250,000

@ $100.00 · 2024-07-16

MEANEY WILLIAM L

Chief Executive Officer

$2.93M

@ $92.23 · 2024-07-09

BAKER-GREENE EDWARD

Officer

$547,770

@ $88.35 · 2024-06-20

TOMOVCSIK JOHN

Chief Operating Officer

$3.11M

@ $88.76 · 2024-06-20

HYTINEN BARRY A

Chief Financial Officer

$794,790

@ $88.31 · 2024-06-18

BORGES DANIEL

Officer

$268,739

@ $86.83 · 2024-06-17

MCINTOSH GREG W

Officer

$1.22M

@ $87.41 · 2024-06-13

RAKOWICH WALTER C.

Director

$77,589

@ $81.33 · 2024-06-05

MEANEY WILLIAM L

Chief Executive Officer

$2.56M

@ $80.71 · 2024-06-04

MEANEY WILLIAM L

Chief Executive Officer

$2.60M

@ $81.88 · 2024-05-16

MURDOCK WENDY J

Director

$275,247

@ $77.60 · 2024-05-07

MURDOCK WENDY J

Director

$113,026

@ $75.35 · 2024-05-03

MARSON DEBORAH

General Counsel

$155,600

@ $77.80 · 2024-05-03

MEANEY WILLIAM L

Chief Executive Officer

$1.19M

@ $74.69 · 2024-04-16

MEANEY WILLIAM L

Chief Executive Officer

$1.22M

@ $76.68 · 2024-04-15

MARSON DEBORAH

General Counsel

$156,960

@ $78.48 · 2024-04-05

KIDD MARK

Officer

$357,576

@ $80.21 · 2024-04-01

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

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CRM

😨Fear(37/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

IRM

😐Neutral(55/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

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CRM

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Fear (37)

IRM

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (55)

View CRM Full Analysis View IRM Full Analysis