Is the business good?
How good a business is MIR?
Mirion Technologies, Inc. earns 1.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.9%
Return on invested capital · cost of capital 9.0% · 7.0 points below what the capital costs: growth destroys value
- Operating margin
- 4.7%
Operating margin · Specialty Industrial Machinery median 15% · 12 months to Q1 2026
- Cash conversion
- 3.55×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +7.8%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2019 | 4.8% |
| FY2020 | 1.8% |
| FY2022 | −41% |
| FY2023 | −2.7% |
| FY2024 | 2.9% |
| FY2025 | 5.6% |
Details›
- Gross margin12 months to Q1 2026
- 47%
- Operating margin12 months to Q1 2026
- 4.7%
- Net margin12 months to Q1 2026
- 2.6%
- Free cash flow margin
- 9.1%
- R&D as % of revenue
- 4.1%
- Revenue, trailing twelve months
- $981M
- Free cash flow, trailing twelve months
- $89M
- Net income, trailing twelve months
- $25M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Industrial Machinery
Ranks #35 of 44 by Smart Score