MIR
Mirion Technologies, Inc.

Mirion Technologies, Inc.MIR

Industrials · Specialty Industrial Machinery
17.97USD
+4.90%
Nov 08, 2026
MIR overview ready
Radiation Detection and Safety Systems for Nuclear and Medical Markets
Mirion supplies radiation detection, measurement, monitoring, dosimetry, and related safety systems used across nuclear-plant construction, operations, maintenance, fuel handling, decommissioning, advanced-reactor development, and radiation-protection workflows.
Primary theme is lagging
Nuclear / Uranium is lagging (-13.7pp vs SPY over 21 sessions; 2 of 14 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of failed reclaim.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on nuclear industry capital spending cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 21

Conviction Level

PriceAction9.4BusinessPerformance9.0BusinessQuality6.2Valuation3.5ThemeMomentum1.0Accelerating — Revenue growth has accelerated, rising from +20% to +25% year over year. Diluted EPS moved to $0.03 from $0.01; the prior-year base is too small for a meaningful percentage. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−13.7pp
Theme return
−18.6%
Beating SPY
2 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of failed reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$336.9M
Avg Volume (60D)
4.4M
60 sessions
Revenue Growth YoY
+7.5%
FY2025 vs FY2024
Gross Margin
+48.1%
Trailing twelve months
Operating Margin
+6.0%
Trailing twelve months
Free Cash Flow Yield
+49.9%
Distance from 200DMA
-0.6%
P/E
11.6x
EV / EBITDA
1.7x
EV / Sales
0.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated, rising from +20% to +25% year over year. Diluted EPS moved to $0.03 from $0.01; the prior-year base is too small for a meaningful percentage.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+25%
$278M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +9.1%
  2. +28%
  3. +20%
  4. +25%
Earnings growthGrowing
$0.03
Diluted EPS $0.03 vs $0.01 a year earlier · GAAP
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginExpanding
6.2%
+2.9 pp YoY · gross margin 47.3% (+0.5 pp)
The share count is rising

Business Quality

6.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because share count compounding at 10% a year — dilution is taxing holders.
Mirion Technologies, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Mirion supplies radiation detection, measurement, monitoring, dosimetry, and related safety systems used across nuclear-plant construction, operations, maintenance, fuel handling, decommissioning, advanced-reactor development, and radiation-protection workflows.
Opportunity
High opportunity
Equipment, specialty systems, engineering, compliance, and lifecycle services required to build, uprate, operate, restart, and safely extend dispatchable nuclear generation capacity.
Key risk
Dependence on nuclear industry capital spending cycles.

Economic classification

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Business & Markets

Industrials · Specialty Industrial Machinery
What they do

Mirion Technologies, Inc. designs, manufactures, and provides radiation detection, measurement, analysis, and monitoring products and services primarily through its Medical and Nuclear & Safety segments across North America, Europe, and Asia Pacific.

How it earns

The company generates revenue mainly through transactional sales of products and project-based services to medical and nuclear industry customers.

Products & services
Radiation oncology quality assurance and dosimetry solutions
Patient safety solutions for diagnostic imaging and radiation therapy
Radiation therapy quality assurance products
Radionuclide therapy products for nuclear medicine
Radiation detection and monitoring systems for nuclear power plants
Customers & end markets
Hospitals and medical imaging centers
Nuclear power plants and nuclear industry operators
Advanced reactor developers
Radiation protection and safety organizations
Market position

Niche leader specializing in radiation detection and safety solutions for medical and nuclear industries.

Demand drivers
Medium cyclicality

Business is influenced by capital spending cycles in nuclear power and healthcare investment trends.