📊 MIR Key Takeaways
Is Mirion Technologies, Inc. (MIR) a Good Investment?
Despite 7.5% revenue growth and a healthy 46.2% gross margin, Mirion is unprofitable with critically weak operating margins (1.4%) and dangerous interest coverage (0.1x). The company barely covers interest with operating income and is consuming shareholder value, suggesting structural operational inefficiency that must be addressed urgently.
Mirion Technologies shows solid revenue growth, healthy gross margins, and strong free cash flow generation, supported by good liquidity and manageable balance sheet leverage. However, earnings quality is mixed because net income declined despite higher sales, operating and net margins remain thin, and interest coverage is weak. The fundamentals support stability, but the company still needs clearer margin expansion and stronger profit conversion to warrant a more bullish view.
Why Buy Mirion Technologies, Inc. Stock? MIR Key Strengths
- Strong gross margin of 46.2% demonstrates competitive product positioning and pricing power
- Excellent liquidity with 3.19x current ratio and $397.9M cash provides financial flexibility
- Positive operating cash flow of $18.9M and free cash flow of $9.4M despite net losses shows operational discipline
- Moderate leverage at 0.24x debt/equity ratio and $1.8B stockholders equity provide balance sheet stability
- Revenue growth of 7.5% YoY indicates market demand for products
- Revenue growth remains positive at 7.5% YoY with a solid 47.4% gross margin
- Liquidity is strong, with a 2.83x current ratio and $412.3M in cash
- Free cash flow generation is healthy at $106.9M, or an 11.6% FCF margin
MIR Stock Risks: Mirion Technologies, Inc. Investment Risks
- Interest coverage ratio of 0.1x is critically dangerous—operating income cannot sustain current debt obligations
- Negative net income (-3.4M) and negative profitability despite revenue growth reveals structural cost control problems
- Operating margin of 1.4% is unsustainably thin with zero buffer for business headwinds or investments
- Company generating positive FCF only due to non-cash charges (depreciation/amortization); underlying business profitability is deteriorating
- Risk of covenant violation, debt restructuring, or refinancing crisis if operating performance does not improve materially
- Operating profitability is still modest, with a 5.6% operating margin and 3.1% net margin
- Net income fell 3.4% YoY, suggesting weaker earnings conversion despite top-line growth
- Interest coverage of 1.2x leaves limited cushion if financing costs or earnings volatility increase
Key Metrics to Watch
- Operating margin expansion—must improve to minimum 5-8% to justify debt structure
- Interest coverage ratio—target minimum 1.5x; current 0.1x indicates distress
- Path to net profitability and positive net margin
- Gross margin stability—any decline would accelerate negative outcomes
- Free cash flow sustainability and cash burn rate
- Operating margin and net margin expansion
- Interest coverage and net income growth
Mirion Technologies, Inc. (MIR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 3.6% FCF margin may limit capital allocation flexibility. Strong liquidity with a 3.19x current ratio provides a solid financial cushion.
MIR Profit Margin, ROE & Profitability Analysis
MIR vs Market Sector: How Mirion Technologies, Inc. Compares
How Mirion Technologies, Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Mirion Technologies, Inc. Stock Overvalued? MIR Valuation Analysis 2026
Based on fundamental analysis, Mirion Technologies, Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Mirion Technologies, Inc. Balance Sheet: MIR Debt, Cash & Liquidity
MIR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Mirion Technologies, Inc.'s revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.49 indicates the company is currently unprofitable.
MIR Revenue Growth, EPS Growth & YoY Performance
MIR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $202.0M | $300.0K | $0.00 |
| Q3 2025 | $206.8M | $2.9M | $0.01 |
| Q2 2025 | $207.1M | $8.3M | $0.03 |
| Q1 2025 | $192.6M | $300.0K | $0.00 |
| Q3 2024 | $191.2M | -$12.1M | $-0.06 |
| Q2 2024 | $197.2M | -$11.7M | $-0.06 |
| Q1 2024 | $182.1M | -$25.8M | $-0.13 |
| Q3 2023 | $160.9M | -$12.1M | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Mirion Technologies, Inc. Dividends, Buybacks & Capital Allocation
MIR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Mirion Technologies, Inc. (CIK: 0001809987)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 14, 2026 | 4 | xslF345X06/wk-form4_1778789306.xml | View → |
| May 14, 2026 | 4 | xslF345X06/wk-form4_1778789289.xml | View → |
| May 14, 2026 | 4 | xslF345X06/wk-form4_1778789273.xml | View → |
| May 14, 2026 | 4 | xslF345X06/wk-form4_1778789249.xml | View → |
| May 14, 2026 | 4 | xslF345X06/wk-form4_1778789236.xml | View → |
❓ Frequently Asked Questions about MIR
What is the AI rating for MIR?
Mirion Technologies, Inc. (MIR) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 79% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MIR's key strengths?
Claude: Strong gross margin of 46.2% demonstrates competitive product positioning and pricing power. Excellent liquidity with 3.19x current ratio and $397.9M cash provides financial flexibility. ChatGPT: Revenue growth remains positive at 7.5% YoY with a solid 47.4% gross margin. Liquidity is strong, with a 2.83x current ratio and $412.3M in cash.
What are the risks of investing in MIR?
Claude: Interest coverage ratio of 0.1x is critically dangerous—operating income cannot sustain current debt obligations. Negative net income (-3.4M) and negative profitability despite revenue growth reveals structural cost control problems. ChatGPT: Operating profitability is still modest, with a 5.6% operating margin and 3.1% net margin. Net income fell 3.4% YoY, suggesting weaker earnings conversion despite top-line growth.
What is MIR's revenue and growth?
Mirion Technologies, Inc. reported revenue of $257.6M.
Does MIR pay dividends?
Mirion Technologies, Inc. does not currently pay dividends.
Where can I find MIR SEC filings?
Official SEC filings for Mirion Technologies, Inc. (CIK: 0001809987) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MIR's EPS?
Mirion Technologies, Inc. has a diluted EPS of $-0.01.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MIR a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Mirion Technologies, Inc. has a SELL rating with 79% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MIR stock overvalued or undervalued?
Valuation metrics for MIR: ROE of -0.2% (sector avg: 15%), net margin of -1.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy MIR stock in 2026?
Our dual AI analysis gives Mirion Technologies, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MIR's free cash flow?
Mirion Technologies, Inc.'s operating cash flow is $18.9M, with capital expenditures of $9.5M. FCF margin is 3.6%.
How does MIR compare to other Market stocks?
Vs Default sector averages: Net margin -1.3% (avg: 12%), ROE -0.2% (avg: 15%), current ratio 3.19 (avg: 1.8).