Mirion Technologies (MIR) AI Stock Analysis

• Market Cap: $6.39B
• Dividend Yield: N/A
• Average Volume (3M): 4.07M
• Price to Earnings (P/E): 213.6
• 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: 3,235,547
• 30 Day Avg. Volume: 4,066,767
• 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: 0.99
• Enterprise Value/Revenue: 6.97
• Enterprise Value/Gross Profit: 14.78
• Enterprise Value/Ebitda: 32.21
• 1Y Price Target: $31.00
• Price Target Upside: 23.21% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.49
• Revenue Forecast (FY): $921.73M

• Rating: 66 Neutral
• Price Target: $26.00 ▲(3.34% Upside)

Mirion Technologies' overall stock score reflects strong earnings call performance and solid financial health, particularly in cash flow generation. However, the high P/E ratio suggests potential overvaluation, and technical indicators show mixed signals. The company's growth in the nuclear power sector is a significant positive, but challenges in other segments and valuation concerns temper the overall score.

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 (MIR) is a leading provider of radiation detection and measurement solutions, serving a diverse range of sectors including nuclear power, medical, military, and research. The company specializes in advanced technologies for radiation safety, offering a comprehensive portfolio of products such as personal dosimeters, radiation monitoring systems, and imaging solutions. Mirion is committed to delivering innovative solutions that ensure safety and compliance in environments where radiation exposure is a concern.

How the Company Makes Money

Mirion Technologies generates revenue through multiple key streams, primarily from the sale of its radiation detection and measurement equipment, including dosimeters and monitoring systems. The company also earns income through maintenance and service contracts, providing ongoing support and calibration for its products. Additionally, Mirion benefits from strategic partnerships with key players in the nuclear and healthcare industries, allowing it to expand its market reach and enhance its product offerings. Government contracts and regulatory compliance services further contribute to its revenue, as organizations increasingly prioritize safety in radiation exposure management.

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	939.70M	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: 25.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 25.16 is below the 20-day moving average (MA) of 25.85, above the 50-day MA of 24.93, and above the 200-day MA of 20.02, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 83.98 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	$9.07B	20.76	20.97%	1.19%	3.19%	69.89%
CSW	73 Outperform	$4.56B	32.08	13.29%	0.30%	14.87%	15.63%
MWA	71 Outperform	$3.79B	19.92	21.40%	1.13%	8.75%	64.82%
KAI	69 Neutral	$3.27B	32.09	11.32%	0.53%	-0.96%	-11.55%
MIR	66 Neutral	$6.39B	213.58	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 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.

Mirion Technologies Faces Financial Risk from Convertible Notes Conversion

The conditional conversion feature of Mirion Technologies, Inc.’s Convertible Notes poses a significant financial risk. If triggered, note holders may convert their notes, potentially requiring the company to fulfill conversion obligations with cash payments, thereby impacting liquidity. Furthermore, accounting rules could necessitate reclassifying these notes as current liabilities, leading to a substantial decrease in net working capital. This scenario could adversely affect Mirion Technologies’ financial condition and operating results.

Mirion Technologies Shines in Nuclear Growth Amid Challenges

Mirion Technologies recently held its earnings call, showcasing a strong financial performance with notable growth in the nuclear power end market. The company reported improvements in cost of debt and free cash flow, although challenges in the U.S. medical segment and labs and research end market were noted. Overall, the positive developments in nuclear power and financial metrics were highlighted as outweighing the challenges faced.

Mirion Technologies Reports Strong Q3 2025 Results

Mirion Technologies, Inc. is a global leader in radiation detection and monitoring solutions, serving the nuclear, medical, defense, and research industries with innovative safety technologies. In its latest earnings report, Mirion announced a 7.9% increase in third-quarter revenue, reaching $223.1 million, alongside a significant turnaround to a GAAP net income of $3.1 million from a net loss in the previous year. The company also reported a 14.7% rise in adjusted EBITDA to $52.4 million, and adjusted earnings per share increased to $0.12 from $0.08. Mirion’s strategic initiatives include the acquisition of Paragon Energy Solutions to enhance its U.S. nuclear power market presence, complementing the earlier acquisition of Certrec. These moves are expected to increase the company’s nuclear power-based revenue to approximately 45% of total revenue. Looking ahead, Mirion remains optimistic, reaffirming its 2025 guidance for revenue growth and adjusted financial metrics, while raising the lower end of its adjusted free cash flow guidance, signaling confidence in achieving its full-year targets.

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.

The most recent analyst rating on (MIR) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Mirion Technologies stock, see the MIR Stock Forecast page.

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.

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.