Mirion Technologies Inc Financials
This page shows Mirion Technologies Inc (MIR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mirion Technologies Inc has an operating margin of 5.6%, meaning the company retains $6 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from 2.9% the prior year.
Mirion Technologies Inc's revenue grew 7.5% year-over-year to $925.4M, a solid pace of expansion. This earns a growth score of 50/100.
Mirion Technologies Inc carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.83, Mirion Technologies Inc holds $2.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.
Mirion Technologies Inc has a free cash flow margin of 11.6%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
Mirion Technologies Inc generates a 1.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100.
Mirion Technologies Inc scores 2.27, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($5.5B) relative to total liabilities ($1.7B). This signals moderate financial risk that warrants monitoring.
Mirion Technologies Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Mirion Technologies Inc generates $4.98 in operating cash flow ($143.3M OCF vs $28.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mirion Technologies Inc earns $1.2 in operating income for every $1 of interest expense ($51.5M vs $42.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Mirion Technologies Inc generated $925.4M in revenue in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Mirion Technologies Inc's EBITDA was $189.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.2% from the prior year.
Mirion Technologies Inc generated $106.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 112.5% from the prior year.
Mirion Technologies Inc reported $28.8M in net income in fiscal year 2025. This represents an increase of 179.8% from the prior year.
Mirion Technologies Inc earned $0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 161.1% from the prior year.
Mirion Technologies Inc held $412.3M in cash against $443.1M in long-term debt as of fiscal year 2025.
Mirion Technologies Inc had 245M shares outstanding in fiscal year 2025.
Mirion Technologies Inc's gross margin was 47.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Mirion Technologies Inc's operating margin was 5.6% in fiscal year 2025, reflecting core business profitability. This is up 2.7 percentage points from the prior year.
Mirion Technologies Inc's net profit margin was 3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.3 percentage points from the prior year.
Mirion Technologies Inc's ROE was 1.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Mirion Technologies Inc invested $38.9M in research and development in fiscal year 2025. This represents an increase of 11.1% from the prior year.
Mirion Technologies Inc spent $49.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Mirion Technologies Inc invested $36.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.4% from the prior year.
MIR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $277.4M+24.3% | $223.1M+0.1% | $222.9M+10.3% | $202.0M-20.6% | $254.3M+23.0% | $206.8M-0.1% | $207.1M+7.5% | $192.6M |
| Cost of Revenue | $141.9M+19.6% | $118.6M-1.5% | $120.4M+13.7% | $105.9M-19.8% | $132.0M+15.9% | $113.9M+3.8% | $109.7M+4.0% | $105.5M |
| Gross Profit | $135.5M+29.7% | $104.5M+2.0% | $102.5M+6.7% | $96.1M-21.4% | $122.3M+31.6% | $92.9M-4.6% | $97.4M+11.8% | $87.1M |
| R&D Expenses | $10.1M0.0% | $10.1M+1.0% | $10.0M+14.9% | $8.7M+7.4% | $8.1M-20.6% | $10.2M+15.9% | $8.8M+11.4% | $7.9M |
| SG&A Expenses | $99.9M+14.8% | $87.0M+5.3% | $82.6M+5.0% | $78.7M-7.6% | $85.2M+1.1% | $84.3M-3.7% | $87.5M+4.0% | $84.1M |
| Operating Income | $25.5M+244.6% | $7.4M-25.3% | $9.9M+13.8% | $8.7M-70.0% | $29.0M+1912.5% | -$1.6M-169.6% | $2.3M+146.9% | -$4.9M |
| Interest Expense | N/A | N/A | N/A | N/A | $13.2M-6.4% | $14.1M-6.6% | $15.1M-2.6% | $15.5M |
| Income Tax | $5.3M+378.9% | -$1.9M-171.4% | -$700K-450.0% | $200K+200.0% | -$200K-120.0% | $1.0M+42.9% | $700K-41.7% | $1.2M |
| Net Income | $17.3M+496.6% | $2.9M-65.1% | $8.3M+2666.7% | $300K-98.0% | $15.0M+210.3% | -$13.6M-16.2% | -$11.7M+54.7% | -$25.8M |
| EPS (Diluted) | $0.07+600.0% | $0.01-66.7% | $0.03 | $0.00-100.0% | $0.08+214.3% | $-0.07-16.7% | $-0.06+53.8% | $-0.13 |
MIR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+2.6% | $3.5B+27.7% | $2.7B+4.3% | $2.6B-0.4% | $2.6B-0.7% | $2.7B+1.0% | $2.6B-0.8% | $2.6B |
| Current Assets | $893.7M-35.5% | $1.4B+100.0% | $693.2M+17.5% | $590.2M-0.8% | $594.7M+8.8% | $546.5M+6.0% | $515.4M+0.2% | $514.6M |
| Cash & Equivalents | $412.3M-55.8% | $933.2M+255.4% | $262.6M+41.3% | $185.8M+6.1% | $175.2M+31.4% | $133.3M+9.1% | $122.2M+1.7% | $120.2M |
| Inventory | $152.6M+4.5% | $146.0M+0.6% | $145.1M+1.1% | $143.5M+7.7% | $133.2M-13.5% | $154.0M+3.8% | $148.3M+1.0% | $146.8M |
| Accounts Receivable | $181.6M+21.1% | $150.0M+5.5% | $142.2M-3.8% | $147.8M-16.8% | $177.7M+19.6% | $148.6M+3.8% | $143.1M-2.1% | $146.1M |
| Goodwill | $1.9B+22.7% | $1.5B+3.7% | $1.5B+2.2% | $1.4B+0.9% | $1.4B-1.8% | $1.5B+1.1% | $1.4B-0.3% | $1.4B |
| Total Liabilities | $1.7B+4.2% | $1.6B+31.0% | $1.2B+14.5% | $1.1B-0.7% | $1.1B-0.2% | $1.1B+1.5% | $1.1B-6.0% | $1.1B |
| Current Liabilities | $316.1M+10.1% | $287.0M+5.4% | $272.4M+2.8% | $265.0M+0.6% | $263.4M+4.3% | $252.6M+6.9% | $236.2M+0.7% | $234.6M |
| Long-Term Debt | $443.1M0.0% | $443.2M-0.3% | $444.5M-35.2% | $685.9M+0.1% | $685.2M+0.1% | $684.5M+0.1% | $684.0M-0.2% | $685.4M |
| Total Equity | $1.9B+1.4% | $1.8B+25.9% | $1.5B-2.8% | $1.5B-0.1% | $1.5B-0.9% | $1.5B+0.7% | $1.5B+3.5% | $1.5B |
| Retained Earnings | -$512.7M+3.3% | -$530.0M+0.5% | -$532.9M+1.5% | -$541.2M+0.1% | -$541.5M+2.7% | -$556.5M-2.5% | -$542.9M-2.2% | -$531.2M |
MIR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.0M+227.4% | $22.3M+79.8% | $12.4M-65.2% | $35.6M-41.4% | $60.8M+255.6% | $17.1M+12.5% | $15.2M+153.3% | $6.0M |
| Capital Expenditures | $9.8M+5.4% | $9.3M+5.7% | $8.8M+3.5% | $8.5M-27.4% | $11.7M-11.4% | $13.2M+18.9% | $11.1M-13.3% | $12.8M |
| Free Cash Flow | $63.2M+386.2% | $13.0M+261.1% | $3.6M-86.7% | $27.1M-44.8% | $49.1M+1159.0% | $3.9M-4.9% | $4.1M+160.3% | -$6.8M |
| Investing Cash Flow | -$590.8M-570.6% | -$88.1M-987.7% | -$8.1M-6.6% | -$7.6M+20.8% | -$9.6M+22.0% | -$12.3M-38.2% | -$8.9M+31.0% | -$12.9M |
| Financing Cash Flow | -$2.8M-100.4% | $737.5M+1081.9% | $62.4M+394.3% | -$21.2M-1530.8% | -$1.3M-262.5% | $800K+126.7% | -$3.0M-1600.0% | $200K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $31.0M+66.7% | $18.6M | $0 | $0 | $0 | $0 |
MIR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.9%+2.0pp | 46.8%+0.9pp | 46.0%-1.6pp | 47.6%-0.5pp | 48.1%+3.2pp | 44.9%-2.1pp | 47.0%+1.8pp | 45.2% |
| Operating Margin | 9.2%+5.9pp | 3.3%-1.1pp | 4.4%+0.1pp | 4.3%-7.1pp | 11.4%+12.2pp | -0.8%-1.9pp | 1.1%+3.6pp | -2.5% |
| Net Margin | 6.2%+4.9pp | 1.3%-2.4pp | 3.7%+3.6pp | 0.1%-5.8pp | 5.9%+12.5pp | -6.6%-0.9pp | -5.7%+7.8pp | -13.4% |
| Return on Equity | 0.9%+0.8pp | 0.2%-0.4pp | 0.6%+0.6pp | 0.0%-1.0pp | 1.0% | N/A | N/A | N/A |
| Return on Assets | 0.5%+0.4pp | 0.1%-0.2pp | 0.3%+0.3pp | 0.0%-0.6pp | 0.6%+1.1pp | -0.5%-0.1pp | -0.4%+0.5pp | -1.0% |
| Current Ratio | 2.83-2.0 | 4.83+2.3 | 2.54+0.3 | 2.23-0.0 | 2.26+0.1 | 2.16-0.0 | 2.18-0.0 | 2.19 |
| Debt-to-Equity | 0.240.0 | 0.24-0.1 | 0.30-0.2 | 0.460.0 | 0.460.0 | 0.450.0 | 0.45-0.0 | 0.47 |
| FCF Margin | 22.8%+17.0pp | 5.8%+4.2pp | 1.6%-11.8pp | 13.4%-5.9pp | 19.3%+17.4pp | 1.9%-0.1pp | 2.0%+5.5pp | -3.5% |
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Frequently Asked Questions
What is Mirion Technologies Inc's annual revenue?
Mirion Technologies Inc (MIR) reported $925.4M in total revenue for fiscal year 2025. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mirion Technologies Inc's revenue growing?
Mirion Technologies Inc (MIR) revenue grew by 7.5% year-over-year, from $860.8M to $925.4M in fiscal year 2025.
Is Mirion Technologies Inc profitable?
Yes, Mirion Technologies Inc (MIR) reported a net income of $28.8M in fiscal year 2025, with a net profit margin of 3.1%.
What is Mirion Technologies Inc's earnings per share (EPS)?
Mirion Technologies Inc (MIR) reported diluted earnings per share of $0.11 for fiscal year 2025. This represents a 161.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mirion Technologies Inc's EBITDA?
Mirion Technologies Inc (MIR) had EBITDA of $189.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mirion Technologies Inc have?
As of fiscal year 2025, Mirion Technologies Inc (MIR) had $412.3M in cash and equivalents against $443.1M in long-term debt.
What is Mirion Technologies Inc's gross margin?
Mirion Technologies Inc (MIR) had a gross margin of 47.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mirion Technologies Inc's operating margin?
Mirion Technologies Inc (MIR) had an operating margin of 5.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mirion Technologies Inc's net profit margin?
Mirion Technologies Inc (MIR) had a net profit margin of 3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mirion Technologies Inc's return on equity (ROE)?
Mirion Technologies Inc (MIR) has a return on equity of 1.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mirion Technologies Inc's free cash flow?
Mirion Technologies Inc (MIR) generated $106.9M in free cash flow during fiscal year 2025. This represents a 112.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mirion Technologies Inc's operating cash flow?
Mirion Technologies Inc (MIR) generated $143.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mirion Technologies Inc's total assets?
Mirion Technologies Inc (MIR) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mirion Technologies Inc's capital expenditures?
Mirion Technologies Inc (MIR) invested $36.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Mirion Technologies Inc spend on research and development?
Mirion Technologies Inc (MIR) invested $38.9M in research and development during fiscal year 2025.
Does Mirion Technologies Inc buy back shares?
Yes, Mirion Technologies Inc (MIR) spent $49.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Mirion Technologies Inc have outstanding?
Mirion Technologies Inc (MIR) had 245M shares outstanding as of fiscal year 2025.
What is Mirion Technologies Inc's current ratio?
Mirion Technologies Inc (MIR) had a current ratio of 2.83 as of fiscal year 2025, which is generally considered healthy.
What is Mirion Technologies Inc's debt-to-equity ratio?
Mirion Technologies Inc (MIR) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mirion Technologies Inc's return on assets (ROA)?
Mirion Technologies Inc (MIR) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mirion Technologies Inc's Altman Z-Score?
Mirion Technologies Inc (MIR) has an Altman Z-Score of 2.27, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mirion Technologies Inc's Piotroski F-Score?
Mirion Technologies Inc (MIR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mirion Technologies Inc's earnings high quality?
Mirion Technologies Inc (MIR) has an earnings quality ratio of 4.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mirion Technologies Inc cover its interest payments?
Mirion Technologies Inc (MIR) has an interest coverage ratio of 1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mirion Technologies Inc?
Mirion Technologies Inc (MIR) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.