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Mirion Technologies, Inc. (MIR) 10-Year Financial Performance & Capital Metrics

MIR • • Industrial / General
IndustrialsIndustrial MachineryEnvironmental & Emissions ControlEmissions Control Systems
AboutMirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, and Japan. It operates through two segments, Medical and Industrial. The medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as shielding, product handling, medical imaging furniture, and rehabilitation products. This segment supports applications in medical diagnostics, cancer treatment, practitioner safety, and rehabilitation. The Industrial segment focuses on addressing critical radiation safety, measurement, and analysis applications; and provides personal radiation detection, identification equipment, and analysis tools. The company's products and solutions also include nuclear medicines, dosimeters, contamination and clearance monitors, reactor instrumentation and control equipment and systems, medical and industrial imaging systems and related accessories, alpha spectroscopy instruments, alpha/beta counting instruments, and gamma spectroscopy detector systems; and electrical penetration, cancer diagnostics, software, and other services. It serves hospitals, clinics and urgent care facilities, dental and veterinary offices, radiation treatment facilities, OEMs for radiation therapy, laboratories, military organizations, government agencies, industrial companies, power and utility companies, reactor design firms, and NPPs. The company was formerly known as Global Monitoring Systems, Inc. and changed its name to Mirion Technologies, Inc. in January 2006. Mirion Technologies, Inc. was incorporated in 2005 and is headquartered in Atlanta, Georgia.Show more
  • Revenue $861M +7.5%
  • EBITDA $175M +24.3%
  • Net Income -$36M +62.7%
  • EPS (Diluted) -0.18 +63.3%
  • Gross Margin 46.68% +4.9%
  • EBITDA Margin 20.35% +15.7%
  • Operating Margin 2.88% +205.4%
  • Net Margin -4.19% +65.3%
  • ROE -2.32% +63.8%
  • ROIC 0.88% +217.0%
  • Debt/Equity 0.46 -0.7%
  • Interest Coverage 0.43 +221.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 14.4%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y14.36%
3Y8.8%
TTM7.81%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM139.97%

EPS CAGR

10Y-
5Y-
3Y-
TTM189.94%

ROCE

10Y Avg76460.3%
5Y Avg-2.97%
3Y Avg-3.63%
Latest1.03%

Peer Comparison

Emissions Control Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CECOCECO Environmental Corp.2.36B66.16183.782.4%7.22%16.54%0.32%0.99
WFFWF Holding Limited Ordinary Shares11.08M0.44110-20.26%2.44%4.21%6.33%0.16
FTEKFuel Tech, Inc.49.72M1.60-25.16-7.19%-12.17%-7.33%0.01
MIRMirion Technologies, Inc.6.6B27.00-1507.48%2.94%1.4%0.76%0.46

Profit & Loss

Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+444.1M440.1M0668.3M717.8M800.9M860.8M
Revenue Growth %--0.01%-1%-0.07%0.12%0.07%
Cost of Goods Sold+275.7M251.8M0384.1M400.6M444.4M459M
COGS % of Revenue0.62%0.57%-0.57%0.56%0.55%0.53%
Gross Profit+168.4M188.3M0284.2M317.2M356.5M401.8M
Gross Margin %0.38%0.43%-0.43%0.44%0.45%0.47%
Gross Profit Growth %-0.12%-1%-0.12%0.12%0.13%
Operating Expenses+173.1M159.5M2.45M352.9M615M378.4M377M
OpEx % of Revenue0.39%0.36%-0.53%0.86%0.47%0.44%
Selling, General & Admin153.8M145.4M2.45M267.6M357.1M338.6M338.2M
SG&A % of Revenue0.35%0.33%-0.4%0.5%0.42%0.39%
Research & Development19.3M14M036.2M30.3M31.7M35M
R&D % of Revenue0.04%0.03%-0.05%0.04%0.04%0.04%
Other Operating Expenses0100K049.1M227.6M8.1M3.8M
Operating Income+-4.7M28.8M-2.45M-68.7M-297.8M-21.9M24.8M
Operating Margin %-0.01%0.07%--0.1%-0.41%-0.03%0.03%
Operating Income Growth %-7.13%-1.09%-27.05%-3.33%0.93%2.13%
EBITDA+72.3M98.3M-2.45M43.5M-123.3M140.9M175.2M
EBITDA Margin %0.16%0.22%-0.07%-0.17%0.18%0.2%
EBITDA Growth %-0.36%-1.02%18.76%-3.83%2.14%0.24%
D&A (Non-Cash Add-back)77M69.5M0112.2M174.5M162.8M150.4M
EBIT-4.7M28.9M-2.45M-19.6M-70.2M-13.8M28.6M
Net Interest Income+00086.8M-41.9M-57.1M-51.3M
Interest Income000145.8M600K4.8M6.6M
Interest Expense00059M42.5M61.9M57.9M
Other Income/Expense-135.8M-155M-43.07M-159.8M-8.8M-83.4M-58.7M
Pretax Income+-140.5M-126.2M-45.52M-228.5M-306.6M-105.3M-33.9M
Pretax Margin %-0.32%-0.29%--0.34%-0.43%-0.13%-0.04%
Income Tax+-36.8M-4.2M-265.9K-5.1M-18.2M-6.6M2.7M
Effective Tax Rate %0.74%0.97%0.99%0.97%0.9%0.92%1.06%
Net Income+-103.7M-122M-45.26M-222.5M-276.9M-96.9M-36.1M
Net Margin %-0.23%-0.28%--0.33%-0.39%-0.12%-0.04%
Net Income Growth %--0.18%0.63%-3.92%-0.24%0.65%0.63%
Net Income (Continuing)-103.7M-122M-45.26M-223.4M-288.4M-98.7M-36.6M
Discontinued Operations0000000
Minority Interest002.2M90.8M69M65.5M53.5M
EPS (Diluted)+0.000.00-0.48-0.61-1.53-0.49-0.18
EPS Growth %----0.27%-1.51%0.68%0.63%
EPS (Basic)0.000.00-0.48-0.61-1.53-0.49-0.18
Diluted Shares Outstanding95.13M20.13M56.99M208.08M181.15M196.37M204.99M
Basic Shares Outstanding95.13M20.13M56.99M208.08M181.15M196.37M204.99M
Dividend Payout Ratio-------

Balance Sheet

Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5K5K389.7M453.4M480.6M538.6M594.7M
Cash & Short-Term Investments5K5K118.4M88.9M77.8M134.1M181.1M
Cash Only5K5K118.4M84M73.5M128.8M175.2M
Short-Term Investments0004.9M4.3M5.3M5.9M
Accounts Receivable00156.8M219.7M225.6M230.4M244.7M
Days Sales Outstanding---119.99114.72105103.76
Inventory0090.2M123.6M143.3M144.1M133.2M
Days Inventory Outstanding---117.45130.57118.35105.92
Other Current Assets007.6M15.9M30.7M17.9M22.5M
Total Non-Current Assets+00854.1M2.66B2.23B2.18B2.04B
Property, Plant & Equipment0075.2M169.7M164.9M167.4M176.6M
Fixed Asset Turnover---3.94x4.35x4.78x4.87x
Goodwill00522.6M1.66B1.42B1.45B1.43B
Intangible Assets00248.3M806.9M650.4M538.8M411.6M
Long-Term Investments0000000
Other Non-Current Assets008M25.4M-116.3M26.1M26.9M
Total Assets+5K5K1.24B3.12B2.74B2.72B2.64B
Asset Turnover88820.00x88020.00x-0.21x0.26x0.29x0.33x
Asset Growth %-0%248759%1.51%-0.12%-0.01%-0.03%
Total Current Liabilities+295636183.5M221M244.3M265.7M263.5M
Accounts Payable29563638.7M59.4M67.7M58.7M56.5M
Days Payables Outstanding00-56.4561.6848.2144.93
Short-Term Debt0041.1M3.9M5.3M1.2M1.2M
Deferred Revenue (Current)0001000K1000K1000K1000K
Other Current Liabilities0057.4M36.3M36.4M49.2M16.3M
Current Ratio16.95x7.86x2.12x2.05x1.97x2.03x2.26x
Quick Ratio16.95x7.86x1.63x1.49x1.38x1.48x1.75x
Cash Conversion Cycle---181183.6175.14164.75
Total Non-Current Liabilities+2956361.78B1.11B1.03B902.8M813.5M
Long-Term Debt001.66B806.8M801.5M684.7M685.2M
Capital Lease Obligations00040.6M34.4M28.2M27.1M
Deferred Tax Liabilities000161M116.3M84M61.1M
Other Non-Current Liabilities00119.9M104.6M75M106M37.1M
Total Liabilities2956361.96B1.33B1.27B1.17B1.08B
Total Debt+001.7B860.6M849.6M721M719.9M
Net Debt-5K-5K1.58B776.6M776.1M592.2M544.7M
Debt / Equity---0.48x0.58x0.47x0.46x
Debt / EBITDA---19.78x-5.12x4.11x
Net Debt / EBITDA-0.00x-0.00x-17.85x-4.20x3.11x
Interest Coverage----1.16x-7.01x-0.35x0.43x
Total Equity+4.71K4.36K-716.5M1.78B1.47B1.55B1.56B
Equity Growth %--0.07%-164185.23%3.49%-0.18%0.06%0.01%
Book Value per Share0.000.00-12.578.578.107.897.61
Total Shareholders' Equity4.71K4.36K-718.7M1.69B1.4B1.48B1.51B
Common Stock2.01K2.01K100K0000
Retained Earnings-295-636-729.7M-131.6M-408.5M-505.4M-541.5M
Treasury Stock00000-1.3M-3.2M
Accumulated OCI001.4M-20.7M-75.7M-65.3M-93M
Minority Interest002.2M90.8M69M65.5M53.5M

Cash Flow

Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+15.6M14.7M39.5M900K39.4M95.2M99.1M
Operating CF Margin %0.04%0.03%-0%0.05%0.12%0.12%
Operating CF Growth %--0.06%1.69%-0.98%42.78%1.42%0.04%
Net Income-103.7M-341-119.1M-127.9M-288.4M-96.9M-36.6M
Depreciation & Amortization77M69.5M71M62.9M174.5M162.5M150.4M
Stock-Based Compensation200K100K200K031.8M21.9M15.6M
Deferred Taxes0-122.1M0-19.6M-37.2M-30.9M-23.8M
Other Non-Cash Items58.7M67.2M89.9M96.5M197.1M39.3M20.3M
Working Capital Changes-16.6M341-2.5M-11M-38.4M-700K-26.8M
Change in Receivables-11.3M2.5M900K-24.3M-19.3M-5M-12M
Change in Inventory-6M-7.9M2.7M-5.1M-34.8M-500K1.3M
Change in Payables0341010.3M4.5M-9.9M-1.5M
Cash from Investing+-12.6M-25.6M-75.6M-2.2B-39.5M-64.7M-43.7M
Capital Expenditures-12.6M-16.5M-19.9M-17.6M-34.2M-37.1M-48.8M
CapEx % of Revenue0.03%0.04%-0.03%0.05%0.05%0.06%
Acquisitions-------
Investments-------
Other Investing0000800K2.8M2.5M
Cash from Financing+-5.5M15M118.9M1.54B-7M22.6M-3.3M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-600K-8.6M-1.5M-125.9M-400K900K-1.3M
Net Change in Cash-------
Free Cash Flow+3M-1.8M19.6M-16.7M5.2M58.1M50.3M
FCF Margin %0.01%-0%--0.02%0.01%0.07%0.06%
FCF Growth %--1.6%11.89%-1.85%1.31%10.17%-0.13%
FCF per Share0.03-0.090.34-0.080.030.300.25
FCF Conversion (FCF/Net Income)-0.15x-0.12x-0.87x-0.00x-0.14x-0.98x-2.75x
Interest Paid0039.2M0000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-2204038.26%-2690484.07%--41.69%-17.03%-6.42%-2.32%
Return on Invested Capital (ROIC)---0.43%-3.01%-9.3%-0.75%0.88%
Gross Margin37.92%42.79%-42.53%44.19%44.51%46.68%
Net Margin-23.35%-27.72%--33.29%-38.58%-12.1%-4.19%
Debt / Equity---0.48x0.58x0.47x0.46x
Interest Coverage----1.16x-7.01x-0.35x0.43x
FCF Conversion-0.15x-0.12x-0.87x-0.00x-0.14x-0.98x-2.75x
Revenue Growth--0.9%-100%-7.41%11.58%7.48%

Revenue by Segment

202220232024
Product533M597.8M643.1M
Product Growth-12.16%7.58%
Service184.8M203.1M217.7M
Service Growth-9.90%7.19%

Revenue by Geography

202220232024
North America-512.3M542.2M
North America Growth--5.84%
Europe-272.1M305.6M
Europe Growth--12.31%
Asia Pacific-16.5M13M
Asia Pacific Growth---21.21%

Frequently Asked Questions

Growth & Financials

Mirion Technologies, Inc. (MIR) reported $902.3M in revenue for fiscal year 2024. This represents a 103% increase from $444.1M in 2018.

Mirion Technologies, Inc. (MIR) grew revenue by 7.5% over the past year. This is steady growth.

Yes, Mirion Technologies, Inc. (MIR) is profitable, generating $26.5M in net income for fiscal year 2024 (-4.2% net margin).

Dividend & Returns

Mirion Technologies, Inc. (MIR) has a return on equity (ROE) of -2.3%. Negative ROE indicates the company is unprofitable.

Mirion Technologies, Inc. (MIR) generated $90.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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