IRM vs APG vs CTAS Stock Comparison

Iron Mountain, APi and Cintas Prices as of Oct 28, 2026 Peers: Industry group
IRM Iron Mountain Inc
$115.69 +4.2% 1M +11.2% 1Y
Market cap
$35.47B
P/E
84.7x
Revenue (TTM)
$7.56B
Div. yield
0.03%
Facility Services Industrials
2 wins
APG APi Group Corp
$41.38 +7.9% 1M +20.6% 1Y
Market cap
$19.02B
P/E
–
Revenue (TTM)
$8.44B
Div. yield
–
Facility Services Industrials
3 wins
CTAS Cintas Corp
$212.81 +6.1% 1M +12.1% 1Y
Market cap
$86.93B
P/E
42.2x
Revenue (TTM)
$11.56B
Div. yield
0.01%
Facility Services Industrials
7 wins

Head to Head

12 decided of 12

Cintas leads on 7 of the 12 questions below (Cintas 7, APi 3, Iron Mountain 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIRMAPGCTASLeader
Larger companyMarket capitalisation $35.47B $19.02B $86.93B CTAS
Cheaper on earningsLower P/E, profitable companies only 84.7x -76.7x 42.2x CTAS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 49.9x 24.5x 36.4x APG
Faster revenue growthRevenue growth, trailing twelve months +17.4% +14.1% +9.5% IRM
More profitableNet margin, trailing twelve months 5.5% -2.9% 17.8% CTAS
Better return on capitalReturn on invested capital 7.6% 6.7% 28.2% CTAS
Less leveragedLower net debt / EBITDA 6.7x 2.8x 0.7x CTAS
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.01% IRM
Better 1-year returnPrice return, last 12 months +11.2% +20.6% +12.1% APG
Better 5-year returnAnnualised price return, 5 years +20.5%/yr +23.3%/yr +14.5%/yr APG
Less volatileAnnualised volatility, 1 year 33.2% 30.1% 23.8% CTAS
Higher overall scoreMean of the five percentile scores vs peers 46/100 44/100 60/100 CTAS

Percentile Scorecard

IRMAPGCTAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIRMAPGCTAS
Valuation 19 #92 of 113 27 #83 of 113 21 #90 of 113
Growth 90 #11 of 96 76 #24 of 96 71 #29 of 96
Profitability 65 #33 of 92 54 #43 of 92 98 #3 of 92
Financial Health 8 #115 of 125 46 #68 of 125 69 #39 of 125
Shareholder Returns 50 #34 of 67 15 #57 of 67 41 #40 of 67
Overall 46 44 60
  • IRM ranked among 130 companies in Business Services
  • APG ranked among 130 companies in Business Services
  • CTAS ranked among 130 companies in Business Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIRMAPGCTASSPY
1 month +4.2%+7.9%+6.1% +0.9%
3 months -4.2%+7.6%-1.7% +5.9%
6 months +1.0%-15.0%+22.3% +8.5%
Year to date +39.5%+8.2%+13.2% +13.3%
1 year +11.2%+20.6%+12.1% +12.4%
3 years +98.7%+143.8%+71.5% +88.1%
3 years, per year +25.7%+34.6%+19.7% +23.5%
5 years +153.5%+185.0%+96.5% +68.2%
5 years, per year +20.5%+23.3%+14.5% +11.0%
10 years +252.4%—+703.6% +263.4%
10 years, per year +13.4%—+23.2% +13.8%

Risk

MeasureIRMAPGCTASSPY
Volatility, 1Y 33.2%30.1%23.8% 12.7%
Downside volatility, 1Y 34.4%31.1%24.3% 12.7%
Beta vs S&P 500, 1Y 1.171.280.11 1.00
Return / volatility, 1Y 0.340.690.51 0.98
Max drawdown, 5Y -40.0%-49.6%-28.2% -25.4%
From 52-week high -13.1%-16.2%-5.8% -0.9%
52-week high $133.06$49.40$225.93 $779.14
52-week low $78.86$34.31$163.55 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIRMAPGCTAS
P/E now vs peer median 82.3xmedian 21.5x -72.2xmedian 21.5x 41.3xmedian 21.5x
P/S now vs peer median 4.6xmedian 0.9x 2.1xmedian 0.9x 7.4xmedian 0.9x
EV/EBITDA now vs peer median 20.3xmedian 11.9x 21.8xmedian 11.9x 27.1xmedian 11.9x
P/FCF now vs peer median -70.1xmedian 13.9x 26.5xmedian 13.9x 41.8xmedian 13.9x
P/B now vs peer median -26.9xmedian 2.3x 5.1xmedian 2.3x 16.3xmedian 2.3x
PEG now vs peer median 31.49median 0.92 1.04median 0.92 2.72median 0.92

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIRMAPGCTAS
Revenue $7.56B $8.44B $11.56B
Gross profit $4.10B $2.65B $5.89B
Operating income $1.42B $605.00M $2.70B
Net income $434.46M $346.00M $2.06B
Free cash flow -$490.92M $676.00M $2.03B
EPS (diluted) $1.40 $-0.57 $5.10
Cash & equivalents $204.79M $851.00M $243.60M
Total debt $17.35B $3.52B $2.43B
Shares (diluted) 299.85M 437.00M 404.29M
Enterprise value $34.66B $16.06B $86.02B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIRMAPGCTAS
P/E 82.3x -72.2x 41.3x
P/FCF -70.1x 26.5x 41.8x
P/Operating cash flow 20.8x 22.9x 34.9x
P/S 4.6x 2.1x 7.4x
P/B -26.9x 5.1x 16.3x
P/Tangible book -13.7x 10.0x 17.3x
EV/EBITDA 20.3x 21.8x 27.1x
EV/EBIT 36.4x 34.0x 32.3x
EV/Revenue 6.8x 2.4x 7.5x
EV/FCF -105.1x 30.4x 42.9x
EV/Operating cash flow 31.2x 26.3x 35.8x
PEG (3Y EPS CAGR) 31.49 1.04 2.72

Growth

14 metrics
MetricIRMAPGCTAS
Revenue growth (1Y) 17.4% 14.1% 9.5%
Revenue CAGR (3Y) 13.0% 7.3% 8.7%
Gross profit growth (1Y) 13.5% 15.4% 11.5%
Gross profit CAGR (3Y) 11.1% 13.3% 11.2%
Operating income growth (1Y) 35.4% 24.7% 11.8%
Operating income CAGR (3Y) 12.8% 27.8% 13.2%
Net income growth (1Y) 867.3% 39.5% 11.3%
Net income CAGR (3Y) 4.1% 40.8% 14.3%
EPS growth (1Y) 897.5% -272.3% 12.7%
EPS CAGR (3Y) 2.6% -69.5% 15.2%
Operating cash flow growth (1Y) 31.7% 20.7% 14.8%
Operating cash flow CAGR (3Y) 17.2% 24.3% 14.4%
Free cash flow growth (1Y) 50.3% 18.8% 19.5%
Free cash flow CAGR (3Y) -60.8% 28.9% 17.4%

Profitability

14 metrics
MetricIRMAPGCTAS
Gross margin 54.2% 31.4% 51.0%
EBITDA margin 33.6% 11.2% 27.8%
Operating margin 18.8% 7.2% 23.4%
Pretax margin 6.7% 5.5% 22.5%
Net margin 5.5% -2.9% 17.8%
FCF margin -6.5% 8.0% 17.6%
Operating cash flow margin 21.9% 9.3% 21.1%
Return on equity – 9.9% 39.8%
Return on assets 2.0% 3.7% 19.5%
Return on invested capital 7.6% 6.7% 28.2%
Return on capital employed 7.5% 8.7% 34.2%
Asset turnover 0.3x 0.9x 1.1x
Cash conversion (OCF / net income) 3.8x 2.3x 1.2x
Stock comp / revenue 1.8% 0.5% 1.1%

Financial Health

11 metrics
MetricIRMAPGCTAS
Debt / assets 79.0% 35.4% 22.8%
Debt / equity -13.5x 1.0x 0.5x
Net debt / EBITDA 6.7x 2.8x 0.7x
Debt / FCF -35.3x 5.2x 1.2x
Liabilities / assets 105.8% 64.7% 51.1%
Equity / assets -5.8% 35.3% 48.9%
Interest coverage – 4.3x 25.3x
Current ratio 0.7x 1.4x 1.5x
Quick ratio 0.6x 1.3x 0.7x
Cash ratio 0.1x 0.3x 0.1x
Altman Z-score 1.77 2.93 13.19

Shareholder Returns

7 metrics
MetricIRMAPGCTAS
Dividend yield 3.0% – 0.9%
Net buyback yield – 0.4% 1.2%
Shareholder yield 3.0% 0.4% 2.1%
Payout ratio (earnings) 229.5% – 35.2%
Payout ratio (FCF) -203.1% – 35.6%
Dividend growth (1Y) 16.5% – 14.8%
Dividend CAGR (3Y) 11.1% – 15.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIRMAPGCTAS
Forward P/E 49.9xFY2026 24.5xFY2026 36.4xFY2026
EPS, next fiscal year $2.32FY2026 $1.69FY2026 $5.85FY2026
EPS growth, next FY +9.4%FY2026 +14.2%FY2026 +18.4%FY2026
EPS growth, the year after +28.0% +16.0% +10.4%
Revenue, next fiscal year $8.36BFY2026 $9.25BFY2026 $12.98BFY2026
Revenue growth, next FY +21.1%FY2026 +16.9%FY2026 +15.3%FY2026
Revenue growth, the year after +2.2% +8.4% +6.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIRMAPGCTAS
Held by institutions 86.2% 84.5% 67.6%
Institutions holding 1,161 581 1,431
Change in shares held, QoQ +1.9% +5.1% +6.4%
Institutions buying 598 306 658
Institutions selling 377 205 576
Buyers to sellers 1.59 1.49 1.14

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IRMAPGCTAS
IRM 1.00 0.32 -0.01
APG 0.32 1.00 0.10
CTAS -0.01 0.10 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, IRM, APG and CTAS?

Cintas (CTAS) is the largest by market capitalisation: Iron Mountain (IRM) $35.47B, APi (APG) $19.02B, Cintas (CTAS) $86.93B.

Which stock is cheaper, IRM, APG and CTAS?

Cintas (CTAS) trades on the lowest price-to-earnings ratio (Iron Mountain (IRM) 84.7x, APi (APG) -76.7x, Cintas (CTAS) 42.2x). On next year's consensus earnings, APi (APG) is cheapest (Iron Mountain (IRM) 49.9x, APi (APG) 24.5x, Cintas (CTAS) 36.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Iron Mountain (IRM) grew revenue fastest over the trailing twelve months: Iron Mountain (IRM) +17.4%, APi (APG) +14.1%, Cintas (CTAS) +9.5%.

Which company is more profitable?

Cintas (CTAS) has the highest net margin (Iron Mountain (IRM) 5.5%, APi (APG) -2.9%, Cintas (CTAS) 17.8%). On return on invested capital, Cintas (CTAS) leads (Iron Mountain (IRM) 7.6%, APi (APG) 6.7%, Cintas (CTAS) 28.2%).

Which stock has performed better?

Over the past year APi (APG) returned the most: Iron Mountain (IRM) +11.2%, APi (APG) +20.6%, Cintas (CTAS) +12.1%. Over five years, APi (APG) compounded fastest (Iron Mountain (IRM) +20.5%/yr, APi (APG) +23.3%/yr, Cintas (CTAS) +14.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Iron Mountain (IRM) has the highest dividend yield: Iron Mountain (IRM) 0.03%, APi (APG) 0.00%, Cintas (CTAS) 0.01%. APi (APG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cintas (CTAS) has been the steadiest (Iron Mountain (IRM) 33.2%, APi (APG) 30.1%, Cintas (CTAS) 23.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IRM, APG and CTAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cintas (CTAS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.