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Makes radiation detection, measurement and monitoring technology for nuclear power, medical and defense applications.
Makes radiation detection, measurement and monitoring technology for nuclear power, medical and defense applications.
Sells monitoring and detection instruments with long lifetimes that stay in place, followed by calibration, spares and service that keep earning from the installed base. The company came to market through a 2021 merger with a blank-check company, and has since bought several medical radiation firms.
Moat: narrow (regulatory licence, installed base, customer qualification). Safety-critical, regulator-approved instrumentation with long-standing installed base at nuclear/medical sites.
Headquarters: Atlanta, Georgia, US · Founded: 1959 · Employees: 3,281
Size Mirion Technologies (MIR) is a United States Information Technology company (Aerospace & Defense) with a market value of $4.41B, the 1279th largest of 3,117 United States companies the cockpit tracks. Shares closed at $17.97 on 6 Nov 2026.
Performance Over six months the shares fell 5.4%, against +10.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 19.6% over the last twelve months (peer median +11.8%); the operating margin is 7.4% (peer median 5.4%).
Valuation It trades at 29.1× forward earnings against a peer median of 18.7× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.8 points below its cost of capital (9.2% WACC).
Credit Mirion Technologies has 2 bonds outstanding ($775M).
Short interest Short interest is 16.9% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.08B | $925M | $861M | $801M | $718M |
| Revenue growth | — | +8% | +7% | +12% | — |
| Gross profit | $418M | $353M | $301M | $240M | $182M |
| EBITDA | $233M | $205M | $179M | $149M | $97.4M |
| Net income | $29.0M | $28.8M | -$36.1M | -$96.9M | -$277M |
| Free cash flow | $171M | $107M | $49.0M | $58.1M | $5.20M |
| Capital expenditure | $41.6M | $36.4M | $48.8M | $37.1M | $34.2M |
| Total debt | $1.24B | $1.23B | $720M | $721M | $850M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Mirion Technologies MIR | $4.41B | -5% | +20% | 7% | 29.1× | 32.9% |
| Thermo Fisher Scientific TMO | $257B | +50% | +8% | 19% | 25.8× | 20.9% |
| Fortive FTV | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% |
| Ametek AME | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MIR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.8% | -2.0% | 7th highest of 21 |
| 6-month return | -5.4% | +10.4% | 9th lowest of 21 |
| Distance from 52-week high | -37.4% | -21.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +19.6% | +11.8% | 7th highest of 21 |
| Operating margin | 7.4% | 5.4% | 10th highest of 21 |
| Forward P/E | 29.1× | 18.7× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 32.9% | 11.2% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +8.8% | +10.8% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | +24.1 pp | +3.1 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -6.8 pp | -1.5 pp | 10th lowest of 21 |
| EV / EBITDA | 22.7× | 15.4× | 5th most expensive of 13 |
| Net debt / EBITDA | 3.5× | 2.5× | 5th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mirion Technologies MIR | United States | $4.41B | -5% | +20% | 7% | 29.1× | 32.9% | +8.8% |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 17.8× | 30.1% | +17.8% |
| MaxLinear MXL | United States | $4.48B | -51% | +56% | -1% | 12.1× | n/a | n/a |
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 13.7× | 36.5% | +47.3% |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | n/a | n/a | n/a |
| Itron ITRI | United States | $4.32B | +20% | -4% | 14% | 14.5× | 9.2% | +1.7% |
| Badger Meter BMI | United States | $4.52B | +33% | -2% | 19% | 32.5× | 10.9% | +16.6% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 15.1× | 11.2% | +10.8% |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 53.0× | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | n/a | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | n/a | n/a | n/a |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Applied Optoelectronics AAOI | United States | $4.26B | -66% | +62% | -11% | 23.5× | n/a | n/a |
| Sportradar SRAD | United States | $4.22B | +4% | +25% | 13% | 30.2× | 11.3% | +25.8% |
| OPENLANE OPLN | United States | $4.22B | -9% | +13% | 17% | 20.7× | 11.1% | -2.4% |
| Synaptics SYNA | United States | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% | -2.2% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Applied Digital APLD | United States | $4.70B | -62% | +290% | -24% | n/a | n/a | n/a |
Mirion Technologies has 2 bonds outstanding with $775M face value.