MIR
Mirion Technologies, Inc.

Mirion Technologies, Inc.MIR

Industrials · Specialty Industrial Machinery
16.49USD
+1.73%
Sep 23, 2026
MIR overview ready
Provider of Radiation Detection and Safety Systems for Nuclear Generation
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.
Strong narrative exposure
Exposed to the Dispatchable Power for Large Loads narrative through Nuclear Generation Services and Components — component supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
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
Regulatory changes impacting radiation safety requirements.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 21

Conviction Level

NarrativeHeat9.1ThemeHeat7.3PriceAction7.7Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of reclaim attempt.
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 SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$309.2M
Avg Volume (60D)
3.9M
60 sessions
Revenue Growth YoY
+7.5%
FY2025 vs FY2024
Gross Margin
+48.0%
Trailing twelve months
Operating Margin
+5.3%
Trailing twelve months
Free Cash Flow Yield
+43.2%
Distance from 200DMA
-15.6%
Next Earnings
2026-10-27
P/E
12.6x
EV / EBITDA
1.6x
EV / Sales
0.3x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because share count compounding at 11% 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.

What changed

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
Regulatory changes impacting radiation safety requirements.

Narrative & Theme

Dispatchable Power for Large Loads
Part of Nuclear Generation Services and Components, with strong fit.
MIR is a genuine picks-and-shovels beneficiary of nuclear generation expansion, reactor life extensions, uprates, restarts, and advanced-reactor deployment.
Narrative HeatHot9.1 / 10
Theme HeatHeating up7.3 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

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 related services.

Products & services
Radiation oncology quality assurance and dosimetry solutions
Patient safety solutions for diagnostic imaging and radiation therapy
Radiation therapy quality assurance solutions
Radionuclide therapy products for nuclear medicine
Customers & end markets
Medical facilities including diagnostic imaging and radiation therapy centers
Nuclear power and safety organizations
Market position

Mirion is a specialized provider with a strong position in radiation detection and measurement markets.

Demand drivers
Medium cyclicality

Demand is influenced by healthcare capital spending and regulatory requirements in nuclear safety, which can vary with economic cycles.

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