Mirion Technologies (MIR) AI Stock Analysis

• Market Cap: $6.04B
• Dividend Yield: N/A
• Average Volume (3M): 3.15M
• Price to Earnings (P/E): 202.7
• Beta (1Y): 1.48
• 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: 2,569,505
• 30 Day Avg. Volume: 3,152,897
• 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: 0.91
• Enterprise Value/Revenue: 6.12
• Enterprise Value/Gross Profit: 12.97
• Enterprise Value/Ebitda: 28.28
• 1Y Price Target: $30.67
• Price Target Upside: 28.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.49
• Revenue Forecast (FY): $925.28M

• Rating: 66 Neutral
• Price Target: $27.00 ▲(13.07% 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. (MIR) is a global leader in radiation detection, measurement, and monitoring solutions, serving various sectors including nuclear power, medical, and industrial markets. The company specializes in the development and manufacturing of advanced radiation detection instruments, dosimetry services, and radiation safety products, enabling organizations to ensure safety and compliance with regulatory standards. Mirion's core offerings include personal dosimeters, radiation survey meters, and integrated monitoring systems, catering to both the public and private sectors in their quest for effective radiation management.

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: Neutral
• Last Price: 23.88
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIR, the sentiment is Neutral. The current price of 23.88 is below the 20-day moving average (MA) of 24.77, below the 50-day MA of 25.35, and above the 200-day MA of 20.76, indicating a neutral trend. The MACD of -0.45 indicates Positive momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 24.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$9.11B	20.73	20.97%	1.17%	3.19%	69.89%
MWA	77 Outperform	$3.89B	20.39	21.40%	1.09%	8.75%	64.82%
CSW	76 Outperform	$5.20B	36.04	13.29%	0.26%	14.87%	15.63%
KAI	68 Neutral	$3.44B	33.72	11.32%	0.46%	-0.96%	-11.55%
MIR	66 Neutral	$6.04B	202.72	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.

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.

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.

Mirion Technologies Completes Convertible Notes Offering

On September 25, 2025, Mirion Technologies announced an underwriting agreement with Goldman Sachs and Evercore for a public offering of 19,906,322 shares of Class A common stock, raising approximately $409.7 million. The proceeds, along with funds from a concurrent $375 million Convertible Notes Offering, are intended to finance capped call transactions and the acquisition of WCI-Gigawatt Intermediate Holdco, LLC, with any remaining funds used for general corporate purposes. The Convertible Notes Offering, completed on September 30, 2025, includes provisions for conversion and redemption, with a maturity date set for October 1, 2031.

Mirion Technologies Acquires Paragon Energy for $585 Million

On September 24, 2025, Mirion Technologies announced its acquisition of Paragon Energy Solutions for $585 million in an all-cash transaction. This strategic move is expected to enhance Mirion’s market position by integrating Paragon’s operations, potentially generating commercial and cost synergies, although the deal is subject to regulatory approvals and customary closing conditions.