Mirion Technologies (MIR) | Financial Analysis & Statements
Mirion Technologies, Inc. Mid-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
277.4M
Gross Profit
135.5M
48.85%
Operating Income
25.5M
9.19%
Net Income
17.8M
6.42%
Balance Sheet Metrics
Total Assets
3.6B
Total Liabilities
1.7B
Shareholders Equity
1.9B
Debt to Equity
0.87
Cash Flow Metrics
Operating Cash Flow
52.6M
Free Cash Flow
63.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Mirion Technologies Income Statement From 2020 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Revenue | 925.4M | 860.8M | 800.9M | 717.8M | 0 |
| Cost of Goods Sold | 486.8M | 461.1M | 444.5M | 407.7M | - |
| Gross Profit | 438.6M | 399.7M | 356.4M | 310.1M | - |
| Gross Margin % | 47.4% | 46.4% | 44.5% | 43.2% | 0.0% |
| Operating Expenses | |||||
| Research & Development | 38.9M | 35.0M | 31.7M | 30.3M | - |
| Selling, General & Administrative | 348.2M | 341.1M | 340.1M | 362.3M | 2.4M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 387.1M | 376.1M | 371.8M | 392.6M | 2.4M |
| Operating Income | 51.5M | 23.6M | -15.4M | -82.5M | -2.4M |
| Operating Margin % | 5.6% | 2.7% | -1.9% | -11.5% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | 12.1M | 6.6M | 4.8M | 600.0K | - |
| Interest Expense | 42.2M | 57.9M | 61.9M | 42.5M | - |
| Other Non-Operating Income | 11.3M | -6.2M | -32.8M | -182.2M | -43.1M |
| Pre-tax Income | 32.7M | -33.9M | -105.3M | -306.6M | -45.5M |
| Income Tax | 2.9M | 2.7M | -6.6M | -18.2M | -265.9K |
| Effective Tax Rate % | 8.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | 29.8M | -36.6M | -98.7M | -288.4M | -45.3M |
| Net Margin % | 3.2% | -4.3% | -12.3% | -40.2% | 0.0% |
| Key Metrics | |||||
| EBITDA | 201.3M | 180.7M | 153.0M | 93.0M | 40.6M |
| EPS (Basic) | - | $-0.18 | $-0.49 | $-1.53 | $-0.79 |
| EPS (Diluted) | - | $-0.18 | $-0.49 | $-1.53 | $-0.79 |
| Basic Shares Outstanding | - | 204991000 | 196369000 | 181149000 | 56994863 |
| Diluted Shares Outstanding | - | 204991000 | 196369000 | 181149000 | 56994863 |
Income Statement Trend
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Mirion Technologies Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 412.3M | 175.2M | 128.8M | 73.5M | 84.0M |
| Short-term Investments | 6.9M | 5.9M | 5.3M | 4.3M | 4.9M |
| Accounts Receivable | 181.6M | 177.7M | 172.3M | 171.2M | 157.4M |
| Inventory | 152.6M | 133.2M | 144.1M | 143.3M | 123.6M |
| Other Current Assets | 16.5M | 13.6M | 17.3M | 13.4M | 15.3M |
| Total Current Assets | 893.7M | 594.7M | 538.6M | 480.6M | 453.4M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 131.4M | 132.8M | 123.2M | 120.0M | 118.6M |
| Goodwill | 4.4B | 3.3B | 3.4B | 3.5B | 4.1B |
| Intangible Assets | 606.3M | 411.6M | 538.8M | 650.4M | 806.9M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 28.7M | 26.9M | 26.2M | 25.3M | 81.7M |
| Total Non-Current Assets | 2.7B | 2.0B | 2.2B | 2.3B | 2.7B |
| Total Assets | 3.6B | 2.6B | 2.7B | 2.7B | 3.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 57.4M | 56.5M | 58.7M | 67.7M | 59.4M |
| Short-term Debt | 9.3M | 7.6M | 8.0M | 13.8M | 13.2M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 20.7M | 3.4M | 10.7M | 800.0K | 68.1M |
| Total Current Liabilities | 316.1M | 263.5M | 265.7M | 244.3M | 221.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | 1.2B | 712.3M | 712.8M | 835.8M | 847.4M |
| Deferred Tax Liabilities | 70.0M | 61.1M | 84.0M | 116.3M | 161.0M |
| Other Non-Current Liabilities | 60.7M | 40.0M | 50.7M | 44.6M | 36.5M |
| Total Non-Current Liabilities | 1.4B | 813.4M | 902.8M | 1.0B | 1.1B |
| Total Liabilities | 1.7B | 1.1B | 1.2B | 1.3B | 1.3B |
| Equity | |||||
| Common Stock | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -512.7M | -541.5M | -505.4M | -408.5M | -131.6M |
| Treasury Stock | 58.4M | 3.2M | 1.3M | 0 | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 1.9B | 1.6B | 1.6B | 1.5B | 1.8B |
| Key Metrics | |||||
| Total Debt | 1.2B | 719.9M | 720.8M | 849.6M | 860.6M |
| Working Capital | 577.6M | 331.2M | 272.9M | 236.3M | 232.4M |
Balance Sheet Composition
Mirion Technologies Cash Flow Statement From 2020 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 29.8M | -36.6M | -98.7M | -288.4M | -45.3M |
| Depreciation & Amortization | 138.0M | 150.4M | 162.8M | 174.5M | - |
| Stock-Based Compensation | 15.2M | 15.6M | 21.9M | 31.8M | - |
| Working Capital Changes | -6.0M | -35.5M | 10.7M | -41.5M | 694.9K |
| Operating Cash Flow | 159.9M | 75.0M | 68.3M | -147.4M | -44.6M |
| Investing Activities | |||||
| Capital Expenditures | -35.4M | -48.8M | -37.1M | -33.4M | - |
| Acquisitions | -661.9M | 1.5M | -30.4M | -6.6M | - |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | 2.7M | 3.6M | 3.8M | 500.0K | - |
| Investing Cash Flow | -694.6M | -43.7M | -64.7M | -39.5M | - |
| Financing Activities | |||||
| Share Repurchases | -56.0M | -2.0M | -1.0M | 0 | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 755.0M | - | 0 | 0 | - |
| Debt Repayment | -244.6M | 0 | -127.3M | -6.6M | -300.0K |
| Financing Cash Flow | 775.9M | -3.3M | 22.6M | -7.0M | 734.1M |
| Free Cash Flow | 106.9M | 50.3M | 58.1M | 5.2M | -945.4K |
| Net Change in Cash | 241.2M | 28.0M | 26.2M | -193.9M | 689.5M |
Cash Flow Trend
Mirion Technologies Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
177.09
Forward P/E
29.11
Price to Book
2.55
Price to Sales
5.28
PEG Ratio
29.11
Profitability Ratios
Profit Margin
3.11%
Operating Margin
14.20%
Return on Equity
1.72%
Return on Assets
1.34%
Financial Health
Current Ratio
2.83
Debt to Equity
64.36
Beta
1.09
Per Share Data
EPS (TTM)
$0.11
Book Value per Share
$7.63
Revenue per Share
$4.02
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| MIR | 4.9B | 177.09 | 2.55 | 1.72% | 3.11% | 64.36 |
| GE Vernova | 308.9B | 33.64 | 27.72 | 75.71% | 23.81% | 18.63 |
| Eaton | 164.9B | 39.53 | 8.25 | 21.53% | 14.89% | 54.88 |
| Chart Industries | 10.0B | 630.09 | 3.08 | 1.22% | 0.96% | 109.01 |
| A.O. Smith | 8.9B | 16.72 | 4.80 | 29.20% | 14.26% | 10.97 |
| Donaldson Company | 8.1B | 23.58 | 5.56 | 24.58% | 9.94% | 49.34 |
Financial data is updated regularly. All figures are in the company's reporting currency.






