Mirion Technologies, Inc. key statistics and ratios
In fiscal 2025, Mirion Technologies, Inc. had return on equity of 1.7%, an operating margin of 5.6%, debt equal to 40.5% of equity and a current ratio of 2.83. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 42.8% | 41.2% | 41.2% | 43.2% | 44.5% | 46.4% | 47.4% | 48.1% |
| 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% |
| Return on equity | — | — | — | −99.5% | −6.7% | −2.4% | 1.7% | 1.6% |
| Return on assets | — | −9.6% | −11.3% | −12.9% | −3.6% | −1.3% | 0.9% | 0.8% |
| Asset turnover | — | 0.38 | 0.44 | 0.34 | 0.29 | 0.32 | 0.30 | 0.30 |
| Current ratio | — | 2.12 | 2.31 | 1.97 | 2.03 | 2.26 | 2.83 | 3.02 |
| Debt to equity | — | — | — | 59.0% | 47.0% | 46.3% | 40.5% | 42.4% |
| Interest cover (operating income ÷ interest) | — | — | — | — | n/m | 0.4x | 1.2x | — |
| Effective tax rate | — | — | — | — | — | — | 8.9% | 24.4% |
| R&D as % of revenue | 3.2% | 3.3% | 4.8% | 4.2% | 4.0% | 4.1% | 4.2% | 3.7% |
| SG&A as % of revenue | 33.0% | 33.1% | 34.5% | 50.5% | 42.5% | 39.6% | 37.6% | 38.4% |
| Capital spending as % of revenue | 3.7% | 4.2% | 3.8% | 4.8% | 4.6% | 5.7% | 3.9% | 3.9% |
| Free cash flow ÷ net income | — | — | — | — | — | — | 371.2% | 579.3% |
| Dividends and buybacks ÷ free cash flow | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 46.4% | 57.6% |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 48.1% | 47.6% | 46.0% | 46.8% | 48.8% | 46.2% | 49.9% | 47.3% |
| Operating margin | 11.4% | 4.3% | 4.4% | 3.3% | 9.2% | 1.4% | 6.7% | 6.2% |
| Net margin | 5.9% | 0.1% | 3.7% | 1.3% | 6.2% | −1.3% | 2.9% | 2.7% |
| Free-cash-flow margin | 19.3% | 13.4% | 1.6% | 5.8% | 22.8% | 3.6% | 18.0% | 17.0% |
| Current ratio | 2.26 | 2.23 | 2.54 | 4.83 | 2.83 | 3.19 | 3.20 | 3.02 |
| Debt to equity | 45.6% | 45.7% | 30.4% | 24.2% | 23.8% | 24.2% | 24.4% | 24.9% |
| R&D as % of revenue | 3.2% | 4.3% | 4.5% | 4.5% | 3.6% | 3.7% | 3.8% | 3.7% |
| SG&A as % of revenue | 33.5% | 39.0% | 37.1% | 39.0% | 36.0% | 41.1% | 39.4% | 37.4% |
Financial health
- 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.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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