Mirion Technologies (MIR) AI Stock Analysis

• Market Cap: $6.66B
• Dividend Yield: N/A
• Average Volume (3M): 2.20M
• Price to Earnings (P/E): 229.2
• Beta (1Y): 1.50
• Revenue Growth: 7.81%
• EPS Growth: N/A
• Country: US
• Employees: 2,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.12
• Shares Outstanding: 247,821,640
• 10 Day Avg. Volume: 2,411,730
• 30 Day Avg. Volume: 2,204,362
• PEG Ratio: 1.57
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 4.16
• P/FCF Ratio: 71.12
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 6.12
• Enterprise Value/Gross Profit: 12.97
• Enterprise Value/Ebitda: 28.28
• 1Y Price Target: $30.50
• Price Target Upside: 14.28% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.6
• Revenue Forecast (FY): $1.14B

• Rating: 66 Neutral
• Price Target: $27.00 ▲(1.16% Upside)

Mirion Technologies demonstrates strong financial performance and strategic growth through acquisitions, particularly in the nuclear power sector. However, the high valuation and neutral technical indicators suggest caution. The company's ability to sustain growth and improve operational efficiency will be crucial for future performance.

Positive Factors

Revenue Growth

The consistent revenue growth indicates strong demand for Mirion's products, particularly in the nuclear power sector, supporting long-term business expansion.

Cash Flow Management

Strong cash flow management enhances financial flexibility, allowing Mirion to invest in growth opportunities and manage debt efficiently.

Nuclear Power Market Position

Mirion's growth in the nuclear power sector underscores its competitive position and potential for continued success in a critical industry.

Negative Factors

U.S. Medical Segment Challenges

Ongoing challenges in the U.S. medical segment could hinder revenue growth and profitability, impacting Mirion's overall performance.

Low Return on Equity

Low return on equity suggests inefficiencies in using shareholder capital, which could affect investor confidence and long-term growth.

Challenges in Labs and Research End Market

Reduced demand in the labs and research market may limit growth opportunities and revenue diversification for Mirion.

Mirion Technologies Business Overview & Revenue Model

Company Description

Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, and Japan. It operates through two segments, Medical and Industrial. The medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as shielding, product handling, medical imaging furniture, and rehabilitation products. This segment supports applications in medical diagnostics, cancer treatment, practitioner safety, and rehabilitation. The Industrial segment focuses on addressing critical radiation safety, measurement, and analysis applications; and provides personal radiation detection, identification equipment, and analysis tools. The company's products and solutions also include nuclear medicines, dosimeters, contamination and clearance monitors, reactor instrumentation and control equipment and systems, medical and industrial imaging systems and related accessories, alpha spectroscopy instruments, alpha/beta counting instruments, and gamma spectroscopy detector systems; and electrical penetration, cancer diagnostics, software, and other services. It serves hospitals, clinics and urgent care facilities, dental and veterinary offices, radiation treatment facilities, OEMs for radiation therapy, laboratories, military organizations, government agencies, industrial companies, power and utility companies, reactor design firms, and NPPs. The company was formerly known as Global Monitoring Systems, Inc. and changed its name to Mirion Technologies, Inc. in January 2006. Mirion Technologies, Inc. was incorporated in 2005 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

Mirion Technologies generates revenue through multiple streams, primarily from the sale of its radiation detection and monitoring products, which include both hardware and software solutions. Key revenue streams include the direct sale of instruments, ongoing maintenance contracts, and dosimetry services that provide customers with essential radiation monitoring and reporting. Additionally, the company earns revenue through partnerships with government agencies, healthcare institutions, and industrial clients that require specialized radiation safety solutions. Mirion's focus on innovation and compliance with regulatory standards further enhances its market position, leading to sustained demand and recurring revenue from established clients.

Mirion Technologies Financial Statement Overview

Summary

Mirion Technologies is on a positive trajectory with improving revenue and profitability metrics. The balance sheet is stable, with a manageable debt level and solid equity base. Strong cash flow generation further supports the company's financial health, providing flexibility for growth and investment opportunities. Continued focus on operational efficiency and profitability enhancement will be key to sustaining this momentum.

Income Statement

Mirion Technologies has shown a positive trend in revenue growth, with a TTM revenue increase of 1.84% and improved profitability metrics. The gross profit margin is strong at 47.18%, and the net profit margin has turned positive at 2.94% in the TTM period, indicating a recovery from previous losses. However, the EBIT margin remains modest at 6.47%, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio of 0.67, reflecting a balanced approach to leveraging. The return on equity is low at 1.68%, indicating limited profitability relative to shareholder equity. The equity ratio stands at 52.67%, showing a solid equity base. Overall, the balance sheet is stable but could benefit from enhanced profitability.

Cash Flow

Mirion Technologies has demonstrated strong cash flow performance, with a free cash flow growth rate of 8.04% in the TTM period. The operating cash flow to net income ratio is healthy at 0.46, and the free cash flow to net income ratio is robust at 0.92, indicating efficient cash generation relative to earnings. This positions the company well for future investments and debt servicing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	902.30M	860.80M	800.90M	717.80M	668.30M	0.00
Gross Profit	425.70M	401.80M	356.50M	317.20M	284.20M	0.00
EBITDA	195.30M	179.00M	149.00M	104.30M	92.60M	-2.45M
Net Income	26.50M	-36.10M	-96.90M	-276.90M	-222.50M	-45.26M
Balance Sheet
Total Assets	3.50B	2.64B	2.72B	2.74B	3.12B	1.24B
Cash, Cash Equivalents and Short-Term Investments	940.00M	181.10M	134.10M	77.80M	88.90M	118.40M
Total Debt	1.23B	719.90M	721.00M	849.60M	860.60M	1.70B
Total Liabilities	1.60B	1.08B	1.17B	1.27B	1.33B	1.96B
Stockholders Equity	1.84B	1.51B	1.48B	1.40B	1.69B	-718.70M
Cash Flow
Free Cash Flow	90.20M	50.30M	58.10M	5.20M	-16.70M	19.60M
Operating Cash Flow	128.50M	99.10M	95.20M	39.40M	900.00K	39.50M
Investing Cash Flow	-113.40M	-43.70M	-64.70M	-39.50M	-2.20B	-75.60M
Financing Cash Flow	780.00M	-3.30M	22.60M	-7.00M	1.54B	118.90M

Mirion Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIR, the sentiment is Positive. The current price of 26.69 is above the 20-day moving average (MA) of 24.54, above the 50-day MA of 25.08, and above the 200-day MA of 21.52, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 64.16 is Neutral, neither overbought nor oversold. The STOCH value of 83.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MIR.

Mirion Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLS	79 Outperform	$9.55B	21.86	20.97%	1.17%	3.19%	69.89%
MWA	77 Outperform	$4.03B	21.18	21.40%	1.09%	8.75%	64.82%
CSW	76 Outperform	$5.36B	37.73	13.29%	0.26%	14.87%	15.63%
KAI	68 Neutral	$3.72B	36.48	11.32%	0.46%	-0.96%	-11.55%
MIR	66 Neutral	$6.66B	229.20	1.58%	―	7.81%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mirion Technologies Corporate Events

Mirion Technologies Enters New $450M Credit Agreement

On December 8, 2025, Mirion Technologies, through its subsidiaries, entered into Amendment No. 6 to its Credit Agreement, originally dated October 20, 2021. This amendment introduces a new $450 million tranche of term loans maturing in 2032, which refinances all outstanding term loans under the previous agreement. The amendment also specifies interest rates for the new loans and includes a prepayment premium condition.

The most recent analyst rating on (MIR) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Mirion Technologies stock, see the MIR Stock Forecast page.

Mirion Technologies Completes Acquisition of WCI-Gigawatt

On December 1, 2025, Mirion Technologies, Inc. completed its acquisition of WCI-Gigawatt Intermediate Holdco, LLC, the indirect parent of Paragon Energy Solutions, LLC. This acquisition is expected to enhance Mirion’s capabilities and market positioning within the energy solutions sector.

The most recent analyst rating on (MIR) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Mirion Technologies stock, see the MIR Stock Forecast page.

Mirion Technologies Announces $450 Million Refinancing Plan

On November 6, 2025, Mirion Technologies announced a refinancing plan involving a $450 million tranche of term loans set to mature in 2032. This move is aimed at refinancing all outstanding term loans under their existing credit agreement, with the transaction expected to close in the fourth quarter of 2025, subject to conditions.

The most recent analyst rating on (MIR) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Mirion Technologies stock, see the MIR Stock Forecast page.