# Mirion Technologies (MIR.US)

Canonical: https://gigainvestors.com/s/MIR

Analysis as of: 2026-10-16T07:30:13.261Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $15.54 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Lee Ainslie](https://gigainvestors.com/mc): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Leon Cooperman](https://gigainvestors.com/oa): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 47% since Oct 2025

Story as of 2026-10-16T10:01:28.313Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in specialty industrial machinery; annual sales are USD 925.4 million.

- Source: https://www.sec.gov/Archives/edgar/data/1809987/000162828026009869/mir-20251231.htm (filed 2026-02-19); FY2025: revenue 925400000; grossProfit 438600000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MIR.US: Mirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in North America, Europe, and the Asia Pacific. It operates in two segments, Medical, and Nuclear & Safety. The Medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as product handling, medical imaging furniture, and rehabilitation products. This segment improves the quality and safety of cancer care delivery; and supports applications across medical diagnostics and practitioner safety. The Nuclear & Safety segment focuses on addressing critical radiation safety, measurement, and analysis applications; and provides personal radiation detection, identification equipment, and analysis tools. The company also offers include radiation measurement and monitoring solutions, reactor instrumentation and control detectors, imaging systems and cameras, and waste management systems; laboratory and scientific analysis systems comprising gamma/alpha spectroscopy, alpha/beta counting, specialty detectors, and spectroscopy software; radiation measurement and health physics instrumentation; and contamination and clearance monitors. It serves hospitals, clinics and urgent care facilities, dental and veterinary offices, radiation treatment facilities, OEMs for radiation therapy, laboratories, military organizations, government agencies, industrial companies, power and utility companies, reactor design firms, and NPPs. The company was formerly known as Global Monitoring Systems, Inc. and changed its name to Mirion Technologies, Inc. in January 2006. Mirion Technologies, Inc. was incorporated in 2005 and is headquartered in Atlanta, Georgia.

### Why customers stay

Margins ranged from 44.5% to 47.4% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: grossProfit / revenue = 44.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: grossProfit / revenue = 46.7%.

- Source: https://www.sec.gov/Archives/edgar/data/1809987/000162828026009869/mir-20251231.htm (filed 2026-02-19); FY2025: grossProfit / revenue = 47.4%.

### Where the cash goes

Paid dividends in 1 of 6 years; bought back USD 49.6 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2020: growth capex 0; upkeep 19900000; owner earnings 5844593. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: growth capex 0; upkeep 37100000; cash acquisitions 31400000; owner earnings 28800000. Growth capex plus acquisitions / owner earnings = 1.0902777777777777.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: growth capex 0; upkeep 48800000; cash acquisitions 1000000; owner earnings 65500000. Growth capex plus acquisitions / owner earnings = 0.015267175572519083.

- Source: https://www.sec.gov/Archives/edgar/data/1809987/000162828026009869/mir-20251231.htm (filed 2026-02-19); FY2025: growth capex 0; upkeep 36400000; cash acquisitions 661900000; owner earnings 130400000. Growth capex plus acquisitions / owner earnings = 5.075920245398773.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Dividend observations: [[2020,0],[2021,146300000],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1809987/000162828026009869/mir-20251231.htm (filed 2026-02-19); FY2025: cash repurchases 49600000 USD.

### Are managers owners

Insiders own 3.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MIR.US SharesStats.PercentInsiders = 3.4229999999999996 percentage points; cache date 2026-10-16.

### What the price says

The price is 4.4 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Closing price 15.54 USD; reporting-to-trading FX 1; FY2025 annual sales per share 3.5435030671557777; price multiple 4.385490771558245. FY2025 cash earnings/share 0.4993222389854262. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2020-08: $10.00 per share

- 2020-09: $10.76 per share

- 2020-10: $9.95 per share

- 2020-11: $10.45 per share

- 2020-12: $10.90 per share

- 2021-01: $11.56 per share

- 2021-02: $12.02 per share

- 2021-03: $10.43 per share

- 2021-04: $10.33 per share

- 2021-05: $10.07 per share

- 2021-06: $10.40 per share

- 2021-07: $10.01 per share

- 2021-08: $9.93 per share

- 2021-09: $10.22 per share

- 2021-10: $10.59 per share

- 2021-11: $10.66 per share

- 2021-12: $10.47 per share

- 2022-01: $8.41 per share

- 2022-02: $8.54 per share

- 2022-03: $8.07 per share

- 2022-04: $7.89 per share

- 2022-05: $8.00 per share

- 2022-06: $5.76 per share

- 2022-07: $6.80 per share

- 2022-08: $7.57 per share

- 2022-09: $7.47 per share

- 2022-10: $8.08 per share

- 2022-11: $6.38 per share

- 2022-12: $6.61 per share

- 2023-01: $7.95 per share

- 2023-02: $9.08 per share

- 2023-03: $8.54 per share

- 2023-04: $8.10 per share

- 2023-05: $7.91 per share

- 2023-06: $8.45 per share

- 2023-07: $7.55 per share

- 2023-08: $8.54 per share

- 2023-09: $7.47 per share

- 2023-10: $6.93 per share

- 2023-11: $8.93 per share

- 2023-12: $10.25 per share

- 2024-01: $9.45 per share

- 2024-02: $9.78 per share

- 2024-03: $11.37 per share

- 2024-04: $10.87 per share

- 2024-05: $10.86 per share

- 2024-06: $10.74 per share

- 2024-07: $10.54 per share

- 2024-08: $10.84 per share

- 2024-09: $11.07 per share

- 2024-10: $14.80 per share

- 2024-11: $16.87 per share

- 2024-12: $17.45 per share

- 2025-01: $15.84 per share

- 2025-02: $15.53 per share

- 2025-03: $14.50 per share

- 2025-04: $15.78 per share

- 2025-05: $19.10 per share

- 2025-06: $21.53 per share

- 2025-07: $22.35 per share

- 2025-08: $20.50 per share

- 2025-09: $23.26 per share

- 2025-10: $29.37 per share

- 2025-11: $26.02 per share

- 2025-12: $23.42 per share

- 2026-01: $24.84 per share

- 2026-02: $21.61 per share

- 2026-03: $18.59 per share

- 2026-04: $19.75 per share

- 2026-05: $18.28 per share

- 2026-06: $17.93 per share

- 2026-07: $14.98 per share

- 2026-08: $15.07 per share

- 2026-09: $14.12 per share

- 2026-10: $15.54 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1809987/000162828026009869/mir-20251231.htm); period 2025-12-31, filed 2026-02-19.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.