MIR
IndustrialsMirion Technologies, Inc. · Industrial - Machinery · $4B
What is Mirion Technologies, Inc.?
Mirion Technologies is a mid-cap industrials company specializing in radiation detection, measurement, and monitoring solutions. It serves both medical and industrial markets across North America, Europe, and Asia.
Mirion operates through two segments — Medical and Industrial. The Medical segment delivers radiation oncology quality assurance, dosimetry, patient safety, and nuclear medicine products used in cancer treatment and diagnostic imaging. The Industrial segment addresses radiation safety, personal detection, reactor instrumentation, and analysis tools for critical infrastructure. Revenue comes from selling specialized hardware, software, and related services to hospitals, nuclear facilities, and government customers worldwide.
Mirion Technologies was incorporated in 2020 and is headquartered in Atlanta, Georgia.
- Radiation oncology quality assurance and dosimetry systems
- Personal radiation detection and identification equipment
- Reactor instrumentation and control systems
- Nuclear medicine shielding and handling products
- Gamma, alpha, and beta spectroscopy detector systems
Is MIR a Good Stock to Buy?
UQS Score rates MIR as Below Average overall.
Among Mirion's five pillars, Growth stands out as the clearest positive — the company operates in expanding end markets including cancer treatment infrastructure and nuclear energy, which supports a forward-looking demand picture. Risk lands at a Neutral rating, suggesting the balance sheet and operational profile are neither particularly stressed nor exceptionally resilient relative to sector peers.
Quality and Moat are both rated Weak, indicating that profitability characteristics and competitive differentiation do not yet meet the bar set by higher-scoring industrials peers. Valuation is Neutral, meaning the market's current pricing reflects neither a clear discount nor a significant premium.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MIR pay dividends?
No — Mirion Technologies, Inc. does not currently pay a dividend.
Mirion Technologies does not currently pay a dividend. For a company at this stage of its development — navigating integration of acquired businesses and investing in growth across medical and industrial radiation markets — retaining capital for reinvestment is the typical approach. Income-focused investors should factor this into their assessment.
When does MIR report earnings?
Mirion Technologies reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Growth pillar rating of Good reflects meaningful revenue momentum across its two segments, though Quality metrics remain a work in progress. Investors tracking near-term results should watch for updates on margin trajectory and segment-level performance.
For the most recent quarter's results and upcoming reporting dates, visit Mirion Technologies' investor relations page directly.
MIR Price History
+95.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Mirion Technologies, Inc.?
Based on Mirion Technologies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MIR Long-term Outlook
Mirion's Growth pillar rating of Good points to a business operating in structurally expanding end markets — particularly radiation therapy infrastructure and nuclear power monitoring. However, the Weak Quality and Moat ratings suggest that converting top-line growth into durable profitability remains an ongoing challenge. The Neutral Risk profile indicates no acute near-term financial stress, but execution on integration and margin improvement will be central to whether the growth story translates into stronger overall scores over time.
Growth drivers
- Expanding global demand for radiation oncology and cancer treatment infrastructure
- Nuclear energy investment driving instrumentation and safety equipment needs
- Cross-selling opportunities across Medical and Industrial customer bases
Key risks
- Weak Quality metrics signal profitability improvement is not yet established
- Limited competitive moat increases exposure to better-capitalized rivals
- Integration complexity from acquisitions could weigh on operational efficiency
MIR vs Peers
Mirion operates in the broader industrials space alongside companies that serve adjacent infrastructure and safety markets.
CSW Industrials focuses on HVAC, plumbing, and electrical products, giving it a more diversified industrial product portfolio compared to Mirion's specialized radiation focus.
Mueller Water Products concentrates on water infrastructure technology, serving utilities rather than the nuclear and medical markets that define Mirion's business.
Franklin Electric specializes in water and fuel pumping systems, competing in the broader industrials sector but with a fundamentally different end-market exposure than Mirion.
Frequently Asked Questions
What does Mirion Technologies do?
Mirion Technologies develops and sells radiation detection, measurement, and monitoring products for medical and industrial applications. Its Medical segment supports cancer treatment and diagnostic imaging, while its Industrial segment serves nuclear facilities, government agencies, and critical infrastructure operators across multiple countries.
Does MIR pay dividends?
No, Mirion Technologies does not currently pay a dividend. The company is focused on growth and integration of its business segments, which typically means retaining earnings rather than distributing them to shareholders. Investors seeking regular income should note this absence.
When does MIR report earnings?
Mirion Technologies follows a standard quarterly earnings reporting schedule. Specific dates are not covered by our data source — check the company's investor relations page or a financial calendar for the most current schedule.
Is MIR a good stock to buy?
UQS Score rates MIR as Below Average overall. Growth is the strongest pillar, reflecting favorable end-market trends, but Quality and Moat are both rated Weak. The full pillar breakdown — available to Pro members — provides a more complete picture for your own research.
Is MIR overvalued?
Mirion's Valuation pillar is rated Neutral, suggesting the current market price is neither clearly cheap nor obviously expensive relative to the company's fundamentals. Investors should weigh this alongside the Weak Quality and Moat ratings when forming a view.
How does MIR compare to its competitors?
Mirion occupies a specialized niche in radiation technology, distinct from broader industrials peers like CSW Industrials, Mueller Water Products, and Franklin Electric. Its focus on nuclear and medical radiation markets gives it a differentiated product set, though its Quality and Moat scores currently lag stronger-rated industrials companies.
What is MIR's market cap bracket?
Mirion Technologies is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-caps while carrying more operational and liquidity risk than mega-cap peers.
Who founded Mirion Technologies?
Mirion Technologies in its current publicly traded form was incorporated in 2020, following a business combination that brought together several radiation technology businesses. Detailed founding history for the predecessor entities is widely available through the company's public filings and investor relations materials.
Is MIR a long-term quality investment?
As a long-term quality indicator, MIR's current UQS profile presents a mixed picture. The Good Growth rating reflects genuine end-market tailwinds, but Weak Quality and Moat scores suggest the business has not yet demonstrated the durable profitability and competitive advantages typically associated with high-quality long-term holdings.
What is the main competitive advantage of Mirion Technologies?
Mirion's positioning in specialized radiation detection and nuclear safety markets — serving hospitals, nuclear power operators, and government agencies — creates some degree of customer dependency on certified, mission-critical equipment. However, the UQS Moat pillar is currently rated Weak, indicating this advantage is not yet reflected in strong financial outcomes.
What sector does MIR belong to?
Mirion Technologies is classified in the Industrials sector. Within that broad category, it occupies a specialized niche focused on radiation technology, serving both healthcare and nuclear infrastructure customers — a combination that distinguishes it from most traditional industrials businesses.
Is MIR a growth stock or value stock?
Based on its UQS profile, MIR leans toward the growth side — its Growth pillar is rated Good, reflecting expanding end markets. Valuation is Neutral, meaning it does not screen as a deep-value opportunity. Investors should view it primarily through a growth lens, with awareness of the current quality limitations.
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Pro Analysis
MIR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 42.0 | 19.2 | 30.0 | 79.1 | 47.0 | 45.5 | 0.0 |
| May 16, 2026 | 42.0 | 19.2 | 30.0 | 79.1 | 47.0 | 45.8 | +1.6 |
| May 10, 2026 | 40.4 | 7.4 | 30.0 | 79.1 | 37.3 | 64.3 | +0.1 |
| May 8, 2026 | 40.3 | 7.4 | 30.0 | 79.1 | 37.3 | 63.6 | -1.3 |
| May 7, 2026 | 41.6 | 21.1 | 30.0 | 79.1 | 44.7 | 42.0 | -0.2 |
| May 3, 2026 | 41.8 | 21.1 | 30.0 | 79.1 | 44.7 | 43.2 | 0.0 |
| May 2, 2026 | 41.8 | 21.1 | 30.0 | 79.1 | 44.7 | 43.1 | 0.0 |
| Apr 19, 2026 | 41.8 | 21.1 | 30.0 | 79.1 | 44.7 | 43.3 | -0.1 |
| Apr 18, 2026 | 41.9 | 21.2 | 30.0 | 79.1 | 44.7 | 43.9 | -1.7 |
| Apr 14, 2026 | 43.6 | 21.2 | 30.0 | 79.1 | 44.7 | 54.9 | 0.0 |
MIR — Pillar Breakdown
Quality
— 19.2/100 (25%)Mirion Technologies, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 79.1/100 (20%)Mirion Technologies, Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 47.0/100 (15%)Mirion Technologies, Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 45.3/100 (15%)Mirion Technologies, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 30/100 (25%)Mirion Technologies, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MIR.
Score Composition
Financial Data
More Stock Analysis
How is the MIR UQS Score Calculated?
The UQS (Unified Quality Score) for Mirion Technologies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Mirion Technologies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Mirion Technologies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.