Mirion Technologies (MIR) AI Stock Analysis

• Market Cap: $6.40B
• Dividend Yield: N/A
• Average Volume (3M): 5.73M
• Price to Earnings (P/E): 618.9
• Beta (1Y): 1.54
• 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: 247,797,650
• 10 Day Avg. Volume: 3,341,034
• 30 Day Avg. Volume: 5,734,248
• 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: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $26.00
• Price Target Upside: -12.61% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: $27.00 ▼(-9.24% Downside)

Mirion Technologies' overall score is driven by strong financial performance and positive technical indicators. The earnings call provided a positive outlook, particularly in the nuclear power sector. However, the high P/E ratio suggests overvaluation, which weighs down 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 shows strong revenue growth and improved profitability with a positive net profit margin. The balance sheet is stable with a solid equity base, though leverage should be monitored. Cash flow management is robust, with significant free cash flow generation.

Income Statement

Mirion Technologies has shown a strong improvement in revenue, with a notable revenue growth rate from 2024 to TTM (Trailing-Twelve-Months). The gross profit margin is healthy at 51.7% for TTM. Despite past losses, the net profit margin has turned positive at 1.7% in TTM, indicating improved profitability. The EBIT and EBITDA margins are relatively low, with an EBIT margin of 5.6% and EBITDA margin of 3.8%, indicating room for improvement in operational efficiency.

Balance Sheet

The company has a solid equity base with a high equity ratio of 55.3% in TTM, reflecting financial stability. However, the debt-to-equity ratio remains moderate at 0.28, which suggests a balanced approach to leverage but still poses a potential risk if not managed carefully. The return on equity is relatively low at 1.3%, indicating limited returns on shareholders' equity.

Cash Flow

Free cash flow has shown significant growth, with a substantial increase from the previous year, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is robust at 8.64, indicating efficient cash utilization. The free cash flow to net income ratio is also strong at 5.97, underscoring effective cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	902.30M	860.80M	800.90M	717.80M	322.10M	478.20M
Gross Profit	425.40M	399.70M	356.40M	317.20M	81.10M	197.00M
EBITDA	208.60M	174.40M	149.00M	-90.80M	-19.20M	22.88M
Net Income	26.50M	-36.10M	-96.90M	-276.90M	-127.90M	-1.04M
Balance Sheet
Total Assets	3.50B	2.64B	2.72B	2.74B	3.12B	751.32M
Cash, Cash Equivalents and Short-Term Investments	933.20M	181.10M	134.10M	77.80M	88.90M	383.25K
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	27.59M
Stockholders Equity	1.84B	1.51B	1.48B	1.40B	1.69B	652.05M
Cash Flow
Free Cash Flow	122.25M	50.30M	58.10M	5.20M	-16.70M	-20.85M
Operating Cash Flow	132.40M	99.10M	95.20M	39.40M	900.00K	-945.35K
Investing Cash Flow	-113.40M	-43.70M	-64.70M	-39.50M	-2.20B	-75.60M
Financing Cash Flow	776.10M	-3.30M	22.60M	-7.00M	1.54B	751.39M

Mirion Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 29.75 is above the 20-day moving average (MA) of 24.30, above the 50-day MA of 23.02, and above the 200-day MA of 18.94, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 74.03 is Negative, neither overbought nor oversold. The STOCH value of 76.43 is Neutral, 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	―	$8.76B	15.32	20.97%	1.22%	3.19%	69.89%
MWA	―	$4.02B	27.32	17.33%	1.03%	10.19%	20.71%
KAI	―	$3.54B	34.52	11.25%	0.45%	-0.96%	-11.55%
MIR	―	$6.40B	618.92	1.58%	―	7.81%	―
CSW	―	$4.10B	28.93	15.79%	0.22%	12.27%	19.05%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mirion Technologies Corporate Events

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.

Mirion Technologies Confronts Global Economic and Geopolitical Challenges

Mirion Technologies, Inc. faces significant risks from global economic conditions and geopolitical tensions, which could adversely affect its operations and financial performance. The uncertainty surrounding international trade relationships, particularly between the U.S. and countries like China, Canada, and the EU, poses a threat to the company’s revenue and profitability. Tariffs, export controls, and trade barriers could increase costs and disrupt supply chains, while geopolitical tensions might lead to cyberattacks and fluctuating commodity prices. With 37% of its revenue generated outside North America, Mirion Technologies must navigate these challenges to maintain its competitive edge and financial stability.

Mirion Technologies Reports Strong Q2 2025 Results

Mirion Technologies, Inc. is a global leader in radiation safety, science, and medicine, providing solutions across nuclear, medical, defense, and research sectors. The company has announced its second quarter 2025 financial results, showcasing a significant improvement in its financial performance compared to the same period last year. Mirion reported a 7.6% increase in revenue, reaching $222.9 million, and a GAAP net income of $8.5 million, a notable turnaround from the previous year’s loss.

Mirion Technologies’ Earnings Call Highlights Growth and Strategic Moves

Mirion Technologies Reports Positive Earnings Call with Promising Growth Prospects