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Mirion Technologies, Inc. (MIR) stock

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NYSE: MIR NYSE Electronic Equipment & Instruments Next results ~February 9, 2027

B Fundamentals grade

Mirion Technologies, Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$11

Cash-flow model

Base case. Range ~$8.1–$15 across our lower- and higher-growth cases (10.3%–20.3% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 40% below it.

Price used: $18.68, November 2, 2026

Mirion Technologies, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds185 adding, 181 cuttingOf 59 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mirion Technologies files

Where Mirion Technologies stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $1.08bn, up 19.6% on a year earlier, faster than the 15.7% growth a quarter earlier. Free-cash-flow margin rose to 15.6% from 10.3% a year earlier. The diluted share count is up 18.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 6 financial-health checks. Our cash-flow model value is $11.88 a share, against a share price of $18.68. At that price, our model says the market is pricing in about 23.0% a year of cash-flow growth for five years, faster than the 12.0% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 9, 2027 (estimated)

Mirion Technologies, Inc.'s trailing-twelve-month revenue grew 19.6% year on year, with a free-cash-flow margin of 15.6%. Where it stands out: free-cash-flow margin of 15.6% ranks 9 of 52 electronic equipment & instruments companies we cover.

Our discounted-cash-flow model values the business at ~$11 per share in the base case (~$8.1–$15 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 81.0% while net income grew 9.4%: a 72pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 19.6% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.
  • Growth speeding up. The growth rate is 4.0 points higher than a quarter earlier.

Things to watch

  • Priced above our value. The share price of $18.68 is 40% above our value per share of $11.
  • Share dilution. Diluted shares rose 18.6% in a year.
  • High earnings multiple. The shares trade at 179 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 2.0 against the S&P 500.
  • Heavily shorted. 24.9% of the shares available to trade are sold short (9.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.12 against an average estimate of $0.12: missed by 2.0%
Revenue
$278m, up 24.5% on a year earlier
Share reaction
+12.3% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026; average EPS estimate $0.21

Mirion Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+25.2%
  • 1 month+27.9%
  • This year-20.2%
  • 1 year-36.4%
  • 5 years+69.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.1B
Operating margin
6.0%
Net margin
2.7%
EPS (TTM, diluted)
$0.10

Growth

Revenue growth
+19.6%
Change in growth rate
+4.0 pts
Share count change
+18.6%

Cash

Free cash flow (TTM)
$168M
FCF margin
15.6%
Stock pay % of revenue
2.1%

Earnings

Last results
October 27, 2026
Next results (est.)
February 9, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mirion Technologies, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 23.0% a year of cash-flow growth for five years.That is faster than the 12.0% a year revenue growth Mirion Technologies has delivered.

  • Priced in23.0%
  • Last 12 months19.6%
  • 3 years a year11.0%
  • 5 years a year12.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($18.75, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$11
Price used
$18.75close November 3, 2026
Implied change
▼ 40%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Mirion Technologies, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($103M, FY2026 Q3 TTM), growing 13.8% and 12.9% in the next two years (forecasts, guidance and its record), then back to 15.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$8.1–~$15 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Mirion Technologies, Inc.'s free cash flow after stock-based pay ( $103M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Mirion Technologies, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$11 ~$8.1–$15 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$9.5–$17 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.1 Left out: out of range vs price (0.00x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$11 ~$11–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mirion Technologies, Inc. with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▲ +56%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $4$6$9$12$16$22
8.5% $3$4$6$8$12$16
10% $2$3$4$6$9$12

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$10.40$6.61$10.25$17.45$23.42$18.68
Market value$68m$1.2bn$2.0bn$3.6bn$6.1bn$5.2bn
+ Net debt (− = net cash)$0$751m$570m$522m$344m$349m
Enterprise value$68m$1.9bn$2.6bn$4.1bn$6.5bn$5.5bn
Multiples
Price / sales 0.1x1.7x2.5x4.2x6.6x4.8x
Price / earnings ————n/m179.0x
Price / free cash flow 2.2xn/m34.6x71.1x57.2x30.9x
EV / EBITDA 0.7x—18.3x23.4x34.1x25.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.54 +18% $1.2bn +25%
Next $0.67 +24% $1.2bn +8%

Next year's EPS estimate has moved +1.2% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.1% on 90 days ago. In the last 30 days, 2 analysts raised Mirion Technologies, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Mirion Technologies, Inc., last 90 days
$0.50 $0.55 $0.60 $0.65 $0.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.54 Current fiscal year, 60 days ago: $0.54 Current fiscal year, 30 days ago: $0.55 Current fiscal year, 7 days ago: $0.55 Current fiscal year, Now: $0.54 $0.54 Next fiscal year, 90 days ago: $0.66 Next fiscal year, 60 days ago: $0.67 Next fiscal year, 30 days ago: $0.67 Next fiscal year, 7 days ago: $0.67 Next fiscal year, Now: $0.67 $0.67

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.54$0.66
60 days ago $0.54$0.67
30 days ago $0.55$0.67
7 days ago $0.55$0.67
Now $0.54$0.67

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.12 $0.12 −2.0%
Jun 2026 $0.10 $0.12 +17.0%
Mar 2026 $0.09 $0.10 +7.7%
Dec 2025 $0.17 $0.15 −9.6%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Mirion Technologies, Inc.'s revenue by +13.8% next year and +12.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+13.1%, weight 67%) and the company's own record (+15.3%, weight 33%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy1091%
Hold19%
Sell00%

Monthly trend

  1. Oct 202628111
  2. Sep 202628111
  3. Aug 202627110
  4. Jul 202627110

Counts of recommendations published by analysts covering Mirion Technologies, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
24.9%
of tradable shares
Days to cover
9.54
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
3.5%
of shares
Employees
3,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −36.4%

$29.37 on October 31, 2025 to $18.68

ThenNowEffect
Revenue (last 12 months) $886m $1.0bn +15.7%
Net margin 1.1% 2.4% +111.8%
P/E multiple n/m n/m −68.0%
Share count 222m 274m −18.9%

Biggest factor: p/e multiple.

Last 3 years +128.1%

$8.19 on November 3, 2023 to $18.68

ThenNowEffect
Revenue (last 12 months) $758m $1.0bn +35.2%
P/S multiple 2.0x 5.0x +146.3%
Share count 187m 274m −31.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MIR−4%−37%+55%+70%+34%−20%
Industry peers (median)0%−38%+13%−1%−7%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MIR50%50%50%58%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MIR−34%−47%−29%−20%−31%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since August 20, 2020: 62% from February 19, 2021 to July 1, 2022. Getting back needed a 165% gain, reached on November 5, 2024, 858 days after the low.

Price behaviour

52-week range
$14.12 – $29.41
From 52-week high
−36.5%
vs 50-day average
+18.6%
vs 200-day average
+2.4%
Volatility (1 year)
52%
Beta vs S&P 500
2.04

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.8%
After a week
5 up, 6 down
typical move ±6.0%
After a month
4 up, 7 down
typical move ±10.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +12.3% +0.9% — —
July 28, 2026 −13.5% −1.3% −4.0% −11.6%
April 28, 2026 −3.1% −0.5% +4.6% −11.2%
February 10, 2026 −12.6% −0.3% −11.0% −16.8%
October 28, 2025 +21.2% +0.3% +13.4% +5.3%
July 31, 2025 −11.4% −2.0% −4.2% −8.6%
April 29, 2025 +2.5% +0.7% +4.9% +25.1%
February 11, 2025 +0.4% −0.2% +3.9% −13.5%
October 29, 2024 +3.8% −0.1% +5.6% +14.6%
August 1, 2024 −4.3% −3.3% −4.1% +2.8%
April 30, 2024 −7.4% −1.9% −8.3% −1.3%
February 13, 2024 +0.9% −0.5% −1.8% −0.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Mirion Technologies, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Mirion Technologies, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mirion Technologies, Inc.
$800M $900M $1B $1.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $800.9M Revenue (TTM), FY24 Q1: $811.4M Revenue (TTM), FY24 Q2: $821.3M Revenue (TTM), FY24 Q3: $836.9M Revenue (TTM), FY24 Q4: $860.8M Revenue (TTM), FY25 Q1: $870.2M Revenue (TTM), FY25 Q2: $886M Revenue (TTM), FY25 Q3: $902.3M Revenue (TTM), FY25 Q4: $925.4M Revenue (TTM), FY26 Q1: $981M Revenue (TTM), FY26 Q2: $1B Revenue (TTM), FY26 Q3: $1.1B $1.1B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $800.9M
FY24 Q1 $811.4M
FY24 Q2 $821.3M
FY24 Q3 $836.9M
FY24 Q4 $860.8M
FY25 Q1 $870.2M
FY25 Q2 $886M
FY25 Q3 $902.3M
FY25 Q4 $925.4M
FY26 Q1 $981M
FY26 Q2 $1B
FY26 Q3 $1.1B
Revenue growth, TTM YoY Mirion Technologies, Inc.
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: 10.1% Revenue growth, TTM YoY, FY24 Q2: 8.3% Revenue growth, TTM YoY, FY24 Q3: 6.2% Revenue growth, TTM YoY, FY24 Q4: 7.5% Revenue growth, TTM YoY, FY25 Q1: 7.2% Revenue growth, TTM YoY, FY25 Q2: 7.9% Revenue growth, TTM YoY, FY25 Q3: 7.8% Revenue growth, TTM YoY, FY25 Q4: 7.5% Revenue growth, TTM YoY, FY26 Q1: 12.7% Revenue growth, TTM YoY, FY26 Q2: 15.7% Revenue growth, TTM YoY, FY26 Q3: 19.6% 19.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 11.6%
FY24 Q1 10.1%
FY24 Q2 8.3%
FY24 Q3 6.2%
FY24 Q4 7.5%
FY25 Q1 7.2%
FY25 Q2 7.9%
FY25 Q3 7.8%
FY25 Q4 7.5%
FY26 Q1 12.7%
FY26 Q2 15.7%
FY26 Q3 19.6%
Operating margin (TTM) Mirion Technologies, Inc.
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -2.7% Operating margin (TTM), FY24 Q1: -1.6% Operating margin (TTM), FY24 Q2: -0.0% Operating margin (TTM), FY24 Q3: 1.1% Operating margin (TTM), FY24 Q4: 2.9% Operating margin (TTM), FY25 Q1: 4.4% Operating margin (TTM), FY25 Q2: 5.2% Operating margin (TTM), FY25 Q3: 6.1% Operating margin (TTM), FY25 Q4: 5.6% Operating margin (TTM), FY26 Q1: 4.7% Operating margin (TTM), FY26 Q2: 5.3% Operating margin (TTM), FY26 Q3: 6.0% 6.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -2.7%
FY24 Q1 -1.6%
FY24 Q2 -0.0%
FY24 Q3 1.1%
FY24 Q4 2.9%
FY25 Q1 4.4%
FY25 Q2 5.2%
FY25 Q3 6.1%
FY25 Q4 5.6%
FY26 Q1 4.7%
FY26 Q2 5.3%
FY26 Q3 6.0%
FCF margin (TTM) Mirion Technologies, Inc.
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.3% FCF margin (TTM), FY24 Q1: 7.6% FCF margin (TTM), FY24 Q2: 8.1% FCF margin (TTM), FY24 Q3: 6.7% FCF margin (TTM), FY24 Q4: 5.8% FCF margin (TTM), FY25 Q1: 9.7% FCF margin (TTM), FY25 Q2: 9.4% FCF margin (TTM), FY25 Q3: 10.3% FCF margin (TTM), FY25 Q4: 11.6% FCF margin (TTM), FY26 Q1: 9.1% FCF margin (TTM), FY26 Q2: 13.0% FCF margin (TTM), FY26 Q3: 15.6% 15.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.3%
FY24 Q1 7.6%
FY24 Q2 8.1%
FY24 Q3 6.7%
FY24 Q4 5.8%
FY25 Q1 9.7%
FY25 Q2 9.4%
FY25 Q3 10.3%
FY25 Q4 11.6%
FY26 Q1 9.1%
FY26 Q2 13.0%
FY26 Q3 15.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Mirion Technologies took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $925M
  2. Cost of revenue $487M · 52.6%
  3. Gross profit $439M · 47.4%
  4. Research and development $38.9M · 4.2%
  5. Selling, general and admin $348M · 37.6%
  6. Operating income $51.5M · 5.6%
  7. Interest and other $19.8M · 2.1%
  8. Net income $28.8M · 3.1%

Shares of revenue. Source: Mirion Technologies's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 440 478 612 718 801 861 925 1,080
Gross profit 188 197 252 310 356 400 439 519
EBITDA 98 91 95 −123 141 175 190 218
Operating income 29 23 11 −298 −22 25 52 64
Net income −122 −119 −158 −277 −97 −36 29 29
Diluted EPS −$19.36 −$18.45 −$24.18 −$1.53 −$0.49 −$0.18 $0.11 $0.10
Growth (year on year)
Revenue — +8.7% +27.9% +17.4% +11.6% +7.5% +7.5% +19.6%
EBITDA — −7.0% +3.7% −230.1% — +24.3% +8.2% +13.4%
Operating income — −20.1% −51.3% — — — +107.7% +16.9%
Net income — — — — — — — +9.4%
Diluted EPS — — — — — — — −7.8%
Margins
Gross margin 42.8% 41.2% 41.2% 43.2% 44.5% 46.4% 47.4% 48.1%
EBITDA margin 22.3% 19.1% 15.5% −17.2% 17.6% 20.4% 20.5% 20.2%
Operating margin 6.5% 4.8% 1.8% −41.5% −2.7% 2.9% 5.6% 6.0%
Net margin −27.7% −24.9% −25.9% −38.6% −12.1% −4.2% 3.1% 2.7%
Free-cash-flow margin −0.4% 4.1% 5.0% 0.7% 7.3% 5.8% 11.6% 15.6%
Cash flow
Cash from operations 15 40 54 39 95 99 143 210
Capital spending 17 20 23 34 37 49 36 42
Free cash flow −2 20 30 5 58 50 107 168
Stock-based pay 0 0 0 32 22 16 15 22
Free cash flow after stock pay −2 19 30 −27 36 35 92 146
Balance sheet
Cash — — — 74 129 175 412 409
Total debt — — — 825 698 697 756 758
Net debt (negative = net cash) — — — 751 570 522 344 349
Diluted shares 6m 6m 7m 181m 196m 205m 261m 278m
Returned to shareholders
Buybacks — — 0 0 0 0 50 97
Total returned — — 0 0 0 0 50 97

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · September 30, 2026
What it owns · $3.5bn
Short-term assets $905mLonger-term assets $2.6bn
What it owes, and who funded it · $3.5bn
Short-term liabilities $300mLonger-term liabilities $1.4bnShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $905m of assets due within a year against $300m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $905m short-term assets against $1.4bn of longer-dated liabilities.
  • More cash than debt $409m of cash against $444m of debt.
  • Debt below 40% of shareholders' equity Debt is 25% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 48% to 25% over five years.
  • A year's operating cash flow covers at least 20% of debt $210m of operating cash flow against $444m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Mirion Technologies, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$96.8M
Returned to shareholders
58%
of free cash flow
Buybacks, last 3 fiscal years
$49.6M
Diluted share count
+18.6%
year over year
Total shareholder yield
1.9%
dividends 0.0% + buybacks 1.9% of market value
R&D spending
3.7%
of revenue
Sales & admin spending
38.4%
of revenue
Days sales outstanding
61 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated MIR CGNX BMI DAKT CXT OSIS Median
Revenue, last 12 months $1.1bn $1.1bn $881m $854m $1.8bn $1.8bn $104m
Revenue growth, last 12 months 19.6% 17.1% −2.2% 14.0% 17.3% 2.9% 9.8%
Revenue growth, 3-year average 11.0% 6.8% 9.6% 1.6% −22.7% 11.9% 7.2%
Revenue growth, latest quarter 24.5% 16.9% 0.1% 7.1% 22.0% 4.9% 16.5%
Gross margin 48.1% 68.9% 41.6% 27.6% 42.1% 32.9% 38.5%
Operating margin 6.0% 21.9% 18.8% 7.3% 14.0% 12.2% −7.3%
Operating margin, 3-year average 4.4% 15.8% 19.2% 6.8% 16.3% 12.3% −5.1%
Net margin 2.7% 16.1% 14.4% 5.7% 7.8% 8.8% −5.3%
Cash from operations / revenue 19.4% 25.4% 18.0% 6.4% 15.0% 16.4% −1.6%
Free-cash-flow margin 15.6% 24.6% 16.2% 4.7% 12.4% 14.7% −2.5%
Free-cash-flow margin, 3-year average 10.9% 17.6% 17.0% 7.2% 12.2% 3.9% 3.7%
Stock pay / revenue 2.1% 4.5% 1.2% 0.6% 1.4% 1.5% 3.0%
Change in share count 18.6% −1.0% −1.2% 1.5% 0.3% −1.8% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 19.6% 9.8% 18 of 53
Change in growth rate Growth +4.0pp +2.3pp 19 of 53
Gross margin Profitability 48.1% 39.7% 15 of 48
Operating margin Profitability 6.0% -7.3% 16 of 53
Net margin Profitability 2.7% -5.3% 20 of 53
Free-cash-flow margin Cash generation 15.6% -2.1% 9 of 52
Stock pay as % of revenue Cash generation 2.1% 3.0% 18 of 49
Long-term debt as % of assets Balance sheet 12.7% 15.2% 13 of 31
Change in share count Balance sheet 18.6% 1.9% 35 of 46
Days sales outstanding Balance sheet 61 days 68 days 20 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Nuclear Safety $615M 66.4% ▲ 9.5%
Medical $311M 33.6% ▲ 3.7%
Products and services
Line of business Revenue Share YoY
Products $691M 74.6% ▲ 7.4%
Services $235M 25.4% ▲ 7.9%
Geography
Region Revenue YoY
North America $582M ▲ 7.4%
United States $526M ▲ 5.6%
Europe $328M ▲ 7.2%
France $194M ▲ 6.7%
Asia Pacific $15.6M ▲ 20.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From Mirion Technologies, Inc.'s 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.7B
Institutions reporting
343
Shares held vs prior quarter
▲ 3.4%
Positions opened / closed
51 / 65

Top buyers and sellers, Q2 2026: 185 institutions bought and 181 sold ; the biggest buyer was Alyeska Investment Group, L.P (+6.8M shares) and the biggest seller Millennium Management LLC (−4.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $686M 38.3M 14.7% ▲ 1.1%
Vanguard Portfolio Management LLC $326M 18.2M 7.0% ▲ 1.5%
T. Rowe Price Investment Management, Inc. $256M 14.3M 5.5% ▼ 2.3%
Vanguard Capital Management LLC $190M 10.6M 4.1% ▲ 1.0%
Goldman Sachs Group Inc $187M 10.4M 4.0% ▲ 41.6%
State Street Corp $178M 9.9M 3.8% ▲ 5.2%
Alyeska Investment Group, L.P. $171M 9.5M 3.7% ▲ 252.9%
Cooperman Leon G $150M 8.4M 3.2% 0.0%
FMR LLC $131M 7.3M 2.8% ▲ 11.9%
Congress Asset Management Co $120M 6.7M 2.6% ▲ 500.1%
Geode Capital Management, LLC $113M 6.3M 2.4% ▲ 5.7%
Maverick Capital Ltd $94M 5.2M 2.0% ▲ 97.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mirion Technologies, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 9, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • February 10, 2026
  • October 28, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Mirion Technologies, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mirion Technologies, Inc. in brief

What does Mirion Technologies, Inc. do?
Mirion Technologies, Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is Mirion Technologies, Inc.'s stock ticker?
Mirion Technologies, Inc. trades under the ticker MIR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mirion Technologies, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mirion Technologies, Inc. reported revenue of $1.1B, 19.6% higher than a year earlier, according to its SEC filings.
What is Mirion Technologies, Inc.'s free cash flow?
Mirion Technologies, Inc.'s free-cash-flow margin is 15.6% of revenue over the trailing twelve months, ranking 9 of the 52 electronic equipment & instruments companies we cover.
What is Mirion Technologies, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Mirion Technologies, Inc.'s free cash flow after stock-based pay gives ~$11 per share in the base case, and ~$8.1–$15 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Mirion Technologies, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and T. Rowe Price Investment Management, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mirion Technologies, Inc. buying back stock, and does it pay a dividend?
Mirion Technologies, Inc. spent $96.8M on share repurchases over the trailing twelve months, and its diluted share count still rose 18.6% over the year.
What is Mirion Technologies, Inc.'s market cap?
On November 2, 2026, Mirion Technologies, Inc.'s market capitalisation was about $5.2B, with a price-to-earnings ratio of 179.0 and net debt of $349M. Market figures come from third-party market data and may be delayed.
How much debt does Mirion Technologies, Inc. have?
Mirion Technologies, Inc.'s debt-to-equity ratio is 24.9%, from its latest balance sheet (48.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Mirion Technologies, Inc.'s competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Mirion Technologies, Inc. are Cognex Corp, Badger Meter Inc, Daktronics Inc, Crane NXT, Co. and OSI Systems Inc. The side-by-side comparison below sets their revenue, margins and growth against Mirion Technologies, Inc.'s.
When is Mirion Technologies, Inc.'s next earnings date?
Around February 9, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mirion Technologies, Inc. announces its own schedule.