Industrial - Machinery
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4 / 10Stock Comparison
MIR vs WAT vs A vs OSIS
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
Medical - Diagnostics & Research
Hardware, Equipment & Parts
MIR vs WAT vs A vs OSIS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Industrial - Machinery | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Hardware, Equipment & Parts |
| Market Cap | $4.83B | $22.83B | $33.58B | $3.97B |
| Revenue (TTM) | $981M | $3.77B | $7.07B | $1.81B |
| Net Income (TTM) | $25M | $449M | $1.29B | $152M |
| Gross Margin | 47.1% | 55.0% | 38.8% | 32.8% |
| Operating Margin | 4.7% | 17.1% | 20.6% | 12.1% |
| Forward P/E | 36.2x | 24.4x | 19.9x | 23.0x |
| Total Debt | $1.26B | $1.41B | $3.35B | $682M |
| Cash & Equiv. | $412M | $588M | $1.79B | $106M |
MIR vs WAT vs A vs OSIS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | May 26 | Return |
|---|---|---|---|
| Mirion Technologies… (MIR) | 100 | 197.5 | +97.5% |
| Waters Corporation (WAT) | 100 | 162.0 | +62.0% |
| Agilent Technologie… (A) | 100 | 118.2 | +18.2% |
| OSI Systems, Inc. (OSIS) | 100 | 306.2 | +206.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MIR vs WAT vs A vs OSIS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MIR is the #2 pick in this set and the best alternative if defensive is your priority.
- Beta 1.98, current ratio 2.84x
- +22.7% vs WAT's +1.4%
WAT is the clearest fit if your priority is stability.
- Beta 1.07 vs MIR's 1.98, lower leverage
A carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 10 yrs, beta 1.23, yield 0.8%
- Lower volatility, beta 1.23, Low D/E 49.8%, current ratio 1.96x
- PEG 1.35 vs WAT's 4.70
- Lower P/E (19.9x vs 23.0x), PEG 1.35 vs 1.39
OSIS is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 11.3%, EPS growth 18.0%, 3Y rev CAGR 13.1%
- 372.9% 10Y total return vs A's 205.7%
- 11.3% revenue growth vs A's 6.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.3% revenue growth vs A's 6.7% | |
| Value | Lower P/E (19.9x vs 23.0x), PEG 1.35 vs 1.39 | |
| Quality / Margins | 18.3% margin vs MIR's 2.6% | |
| Stability / Safety | Beta 1.07 vs MIR's 1.98, lower leverage | |
| Dividends | 0.8% yield; 10-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +22.7% vs WAT's +1.4% | |
| Efficiency (ROA) | 10.1% ROA vs MIR's 0.8%, ROIC 13.5% vs 1.6% |
MIR vs WAT vs A vs OSIS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MIR vs WAT vs A vs OSIS — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
A leads in 3 of 6 categories
WAT leads 1 • MIR leads 0 • OSIS leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
A leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
A is the larger business by revenue, generating $7.1B annually — 7.2x MIR's $981M. A is the more profitable business, keeping 18.3% of every revenue dollar as net income compared to MIR's 2.6%. On growth, WAT holds the edge at +91.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $981M | $3.8B | $7.1B | $1.8B |
| EBITDAEarnings before interest/tax | $192M | $953M | $1.7B | $229M |
| Net IncomeAfter-tax profit | $25M | $449M | $1.3B | $152M |
| Free Cash FlowCash after capex | $90M | $264M | $993M | $77M |
| Gross MarginGross profit ÷ Revenue | +47.1% | +55.0% | +38.8% | +32.8% |
| Operating MarginEBIT ÷ Revenue | +4.7% | +17.1% | +20.6% | +12.1% |
| Net MarginNet income ÷ Revenue | +2.6% | +11.9% | +18.3% | +8.4% |
| FCF MarginFCF ÷ Revenue | +9.1% | +7.0% | +14.1% | +4.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +27.5% | +91.5% | +7.0% | +2.0% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -142.9% | -3.6% | -3.8% |
Valuation Metrics
Evenly matched — A and OSIS each lead in 3 of 7 comparable metrics.
Valuation Metrics
At 26.0x trailing earnings, A trades at a 86% valuation discount to MIR's 179.5x P/E. Adjusting for growth (PEG ratio), OSIS offers better value at 1.67x vs WAT's 6.29x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $4.8B | $22.8B | $33.6B | $4.0B |
| Enterprise ValueMkt cap + debt − cash | $5.7B | $23.7B | $35.1B | $4.6B |
| Trailing P/EPrice ÷ TTM EPS | 179.55x | 32.55x | 25.96x | 27.68x |
| Forward P/EPrice ÷ next-FY EPS est. | 36.17x | 24.36x | 19.87x | 23.05x |
| PEG RatioP/E ÷ EPS growth rate | — | 6.29x | 1.76x | 1.67x |
| EV / EBITDAEnterprise value multiple | 29.95x | 21.51x | 19.89x | 17.43x |
| Price / SalesMarket cap ÷ Revenue | 5.22x | 7.21x | 4.83x | 2.32x |
| Price / BookPrice ÷ Book value/share | 2.69x | 8.17x | 5.00x | 4.35x |
| Price / FCFMarket cap ÷ FCF | 45.15x | 42.30x | 29.15x | 70.85x |
Profitability & Efficiency
A leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
A delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $1 for MIR. A carries lower financial leverage with a 0.50x debt-to-equity ratio, signaling a more conservative balance sheet compared to OSIS's 0.72x. On the Piotroski fundamental quality scale (0–9), MIR scores 6/9 vs OSIS's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +1.4% | +8.0% | +18.7% | +16.7% |
| ROA (TTM)Return on assets | +0.8% | +4.6% | +10.1% | +6.3% |
| ROICReturn on invested capital | +1.6% | +20.3% | +13.5% | +11.5% |
| ROCEReturn on capital employed | +1.8% | +18.5% | +14.5% | +16.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.66x | 0.55x | 0.50x | 0.72x |
| Net DebtTotal debt minus cash | $848M | $820M | $1.6B | $576M |
| Cash & Equiv.Liquid assets | $412M | $588M | $1.8B | $106M |
| Total DebtShort + long-term debt | $1.3B | $1.4B | $3.4B | $682M |
| Interest CoverageEBIT ÷ Interest expense | 1.48x | 6.72x | 19.53x | 11.43x |
Total Returns (Dividends Reinvested)
Evenly matched — MIR and OSIS each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OSIS five years ago would be worth $24,991 today (with dividends reinvested), compared to $9,203 for A. Over the past 12 months, MIR leads with a +22.7% total return vs WAT's +1.4%. The 3-year compound annual growth rate (CAGR) favors MIR at 33.1% vs A's -2.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -17.1% | -8.3% | -13.6% | -5.7% |
| 1-Year ReturnPast 12 months | +22.7% | +1.4% | +11.3% | +8.9% |
| 3-Year ReturnCumulative with dividends | +135.7% | +18.1% | -8.2% | +103.9% |
| 5-Year ReturnCumulative with dividends | +93.4% | +11.3% | -8.0% | +149.9% |
| 10-Year ReturnCumulative with dividends | +98.5% | +162.0% | +205.7% | +372.9% |
| CAGR (3Y)Annualised 3-year return | +33.1% | +5.7% | -2.8% | +26.8% |
Risk & Volatility
WAT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WAT is the less volatile stock with a 1.07 beta — it tends to amplify market swings less than MIR's 1.98 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WAT currently trades 84.6% from its 52-week high vs MIR's 65.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.98x | 1.07x | 1.23x | 1.44x |
| 52-Week HighHighest price in past year | $30.28 | $414.15 | $160.27 | $311.27 |
| 52-Week LowLowest price in past year | $15.98 | $275.05 | $104.79 | $204.00 |
| % of 52W HighCurrent price vs 52-week peak | +65.2% | +84.6% | +74.0% | +77.5% |
| RSI (14)Momentum oscillator 0–100 | 57.8 | 64.9 | 52.5 | 30.1 |
| Avg Volume (50D)Average daily shares traded | 3.4M | 999K | 2.0M | 285K |
Analyst Outlook
A leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: MIR as "Buy", WAT as "Hold", A as "Buy", OSIS as "Buy". Consensus price targets imply 44.3% upside for MIR (target: $29) vs 14.9% for WAT (target: $403). A is the only dividend payer here at 0.84% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $28.50 | $402.57 | $166.00 | $293.50 |
| # AnalystsCovering analysts | 8 | 34 | 38 | 17 |
| Dividend YieldAnnual dividend ÷ price | — | — | +0.8% | — |
| Dividend StreakConsecutive years of raises | — | 1 | 10 | — |
| Dividend / ShareAnnual DPS | — | — | $0.99 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.0% | +0.1% | +1.3% | +2.0% |
A leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). WAT leads in 1 (Risk & Volatility). 2 tied.
MIR vs WAT vs A vs OSIS: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MIR or WAT or A or OSIS a better buy right now?
For growth investors, OSI Systems, Inc.
(OSIS) is the stronger pick with 11. 3% revenue growth year-over-year, versus 6. 7% for Agilent Technologies, Inc. (A). Agilent Technologies, Inc. (A) offers the better valuation at 26. 0x trailing P/E (19. 9x forward), making it the more compelling value choice. Analysts rate Mirion Technologies, Inc. (MIR) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MIR or WAT or A or OSIS?
On trailing P/E, Agilent Technologies, Inc.
(A) is the cheapest at 26. 0x versus Mirion Technologies, Inc. at 179. 5x. On forward P/E, Agilent Technologies, Inc. is actually cheaper at 19. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Agilent Technologies, Inc. wins at 1. 35x versus Waters Corporation's 4. 70x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — MIR or WAT or A or OSIS?
Over the past 5 years, OSI Systems, Inc.
(OSIS) delivered a total return of +149. 9%, compared to -8. 0% for Agilent Technologies, Inc. (A). Over 10 years, the gap is even starker: OSIS returned +372. 9% versus MIR's +98. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MIR or WAT or A or OSIS?
By beta (market sensitivity over 5 years), Waters Corporation (WAT) is the lower-risk stock at 1.
07β versus Mirion Technologies, Inc. 's 1. 98β — meaning MIR is approximately 84% more volatile than WAT relative to the S&P 500. On balance sheet safety, Agilent Technologies, Inc. (A) carries a lower debt/equity ratio of 50% versus 72% for OSI Systems, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MIR or WAT or A or OSIS?
By revenue growth (latest reported year), OSI Systems, Inc.
(OSIS) is pulling ahead at 11. 3% versus 6. 7% for Agilent Technologies, Inc. (A). On earnings-per-share growth, the picture is similar: Mirion Technologies, Inc. grew EPS 161. 1% year-over-year, compared to 0. 5% for Waters Corporation. Over a 3-year CAGR, OSIS leads at 13. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MIR or WAT or A or OSIS?
Waters Corporation (WAT) is the more profitable company, earning 20.
3% net margin versus 3. 1% for Mirion Technologies, Inc. — meaning it keeps 20. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WAT leads at 28. 2% versus 5. 6% for MIR. At the gross margin level — before operating expenses — WAT leads at 57. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MIR or WAT or A or OSIS more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Agilent Technologies, Inc. (A) is the more undervalued stock at a PEG of 1. 35x versus Waters Corporation's 4. 70x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Agilent Technologies, Inc. (A) trades at 19. 9x forward P/E versus 36. 2x for Mirion Technologies, Inc. — 16. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MIR: 44. 3% to $28. 50.
08Which pays a better dividend — MIR or WAT or A or OSIS?
In this comparison, A (0.
8% yield) pays a dividend. MIR, WAT, OSIS do not pay a meaningful dividend and should not be held primarily for income.
09Is MIR or WAT or A or OSIS better for a retirement portfolio?
For long-horizon retirement investors, Agilent Technologies, Inc.
(A) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 23), 0. 8% yield, +205. 7% 10Y return). Mirion Technologies, Inc. (MIR) carries a higher beta of 1. 98 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (A: +205. 7%, MIR: +98. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MIR and WAT and A and OSIS?
These companies operate in different sectors (MIR (Industrials) and WAT (Healthcare) and A (Healthcare) and OSIS (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
A pays a dividend while MIR, WAT, OSIS do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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