Mirion Technologies, Inc.
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 925.4 | 860.8 | +7.5% |
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| Cancer care · Medical | 237 | 228.1 | +3.9% |
| Labs and research · Nuclear & Safety | 122.2 | 131.7 | -7.2% |
| Nuclear · Nuclear & Safety | 374.6 | 316.6 | +18.3% |
| Other · Medical | 73.8 | 71.6 | +3.1% |
| Other · Nuclear & Safety | 117.8 | 112.8 | +4.4% |
| Product | 690.6 | 643.1 | +7.4% |
| Service | 234.8 | 217.7 | +7.9% |
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| Medical | 310.8 | 299.7 | +3.7% |
| Medical · Europe | 31.5 | 27.8 | +13.3% |
| Medical · North America | 279.3 | 271.9 | +2.7% |
| Nuclear & Safety | 614.6 | 561.1 | +9.5% |
| Nuclear & Safety · Asia Pacific | 15.6 | 13 | +20.0% |
| Nuclear & Safety · Europe | 296.1 | 277.8 | +6.6% |
| Nuclear & Safety · North America | 302.9 | 270.3 | +12.1% |
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| Asia Pacific | 15.6 | 13 | +20.0% |
| Europe | 327.6 | 305.6 | +7.2% |
| FR | 193.7 | 181.5 | +6.7% |
| North America | 582.2 | 542.2 | +7.4% |
| US | 525.9 | 497.9 | +5.6% |
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| Transferred At Point In Time | 620.2 | 567 | +9.4% |
| Transferred Over Time | 305.2 | 293.8 | +3.9% |
| Cost of Revenue | 486.8 | 461.1 | +5.6% |
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| Product | 376.6 | 348.7 | +8.0% |
| Service | 110.2 | 112.4 | -2.0% |
| Gross Profit | 438.6 | 399.7 | +9.7% |
| Selling, General & Administrative | 348.2 | 341.1 | +2.1% |
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| Parent Company | 19 | 16.6 | +14.5% |
| Research & Development | 38.9 | 35 | +11.1% |
| Operating Expenses | 387.1 | 374.9 | +3.3% |
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| Parent Company | 19 | 16.6 | +14.5% |
| Operating Income | 51.5 | 24.8 | +107.7% |
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| Parent Company | -19 | -16.6 | -14.5% |
| Interest Expense | 42.2 | 57.9 | -27.1% |
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| Convertible Senior Notes Due 2030 (Notes) · Convertible Debt | 2.2 | — | — |
| Convertible Senior Notes Due 2031 (Notes) · Convertible Debt | 0.4 | — | — |
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| Parent Company | 2.5 | — | — |
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| Nonrelated Party | 42.2 | 57.9 | -27.1% |
| Interest Income | -12.1 | -6.6 | -83.3% |
| Gains Losses On Extinguishment Of Debt | 5.8 | — | — |
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| 2021 Credit Agreement · Revolving Credit Facility | 0.8 | — | — |
| 2021 Credit Agreement · Term Loan Facility | 5.8 | — | — |
| Foreign Currency Transaction Gain Loss Before Tax | -17.4 | 2.2 | -890.9% |
| Other Non-Operating Income (Expense) | 0.3 | -0.1 | +400.0% |
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| Parent Company | -0.2 | — | — |
| Income Before Taxes | 32.7 | -33.9 | +196.5% |
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| Non Us | 47.9 | 37.9 | +26.4% |
| US | -15.2 | -71.8 | +78.8% |
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| Parent Company | 16.6 | -36.2 | +145.9% |
| Income Tax Expense (Benefit) | 2.9 | 2.7 | +7.4% |
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| Parent Company | -13.2 | 0.4 | -3400.0% |
| Net Income | 29.8 | -36.6 | +181.4% |
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| Noncontrolling Interest | 1 | -0.5 | +300.0% |
| Retained Earnings | 28.8 | -36.1 | +179.8% |
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| Parent Company | 29.8 | -36.6 | +181.4% |
| Net Income Loss Attributable To Noncontrolling Interest | 1 | -0.5 | +300.0% |
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| Parent Company | 1 | -0.5 | +300.0% |
| Net Income | 28.8 | -36.1 | +179.8% |
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| Parent Company | 28.8 | -36.1 | +179.8% |
| EPS (Basic) | 0.13 | -0.18 | +172.2% |
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| Parent Company | 0.13 | -0.18 | +172.2% |
| EPS (Diluted) | 0.11 | -0.18 | +161.1% |
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| Parent Company | 0.11 | -0.18 | +161.1% |
| Wtd Avg Shares (Basic) | 229.96 | 204.99 | +12.2% |
| Wtd Avg Shares (Diluted) | 261.15 | 204.99 | +27.4% |
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| Parent Company | 261.15 | 204.99 | +27.4% |
| Comprehensive Income | 69.2 | -63.8 | +208.5% |
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| Parent Company | 28.8 | -36.1 | +179.8% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 412.3 | 175.2 | +135.3% |
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| Parent Company | 0.2 | — | — |
| Accounts Receivable | 181.6 | 177.7 | +2.2% |
| Contract With Customer Asset Net Current | 93.8 | 67 | +40.0% |
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| Uncompleted Contracts | 93.8 | 67 | +40.0% |
| Inventory | 152.6 | 133.2 | +14.6% |
| Prepaid Expenses & Other Current Assets | 53.4 | 41.6 | +28.4% |
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| Parent Company | 3.2 | — | — |
| Total Current Assets | 893.7 | 594.7 | +50.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 154.9 | 146.3 | +5.9% |
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| Asia Pacific | 0.1 | 0.1 | 0.0% |
| Europe | 61.4 | 54.7 | +12.2% |
| North America | 93.4 | 91.5 | +2.1% |
| Operating Lease Right-of-Use Assets | 32.1 | 30.3 | +5.9% |
| Goodwill | 1,872.4 | 1,426.2 | +31.3% |
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| Medical | 634 | 634 | 0.0% |
| Nuclear & Safety | 1,238.4 | 792.2 | +56.3% |
| Other Non-Current Assets | 28.7 | 26.9 | +6.7% |
| Total Assets | 3,588.1 | 2,636 | +36.1% |
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| Parent Company | 2,663.5 | 1,558.8 | +70.9% |
| Intangible Assets | 606.3 | 411.6 | +47.3% |
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| Customer Relationships | 284.1 | 144.7 | +96.3% |
| Developed Technology Rights | 204.9 | 158.5 | +29.3% |
| Distributor relationships | 30.6 | 37.6 | -18.6% |
| Remaining performance obligations and other | 14 | 4.5 | +211.1% |
| Trade Names | 72.7 | 66.3 | +9.7% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 606.3 | 411.6 | +47.3% |
| Current Liabilities | |||
| Accounts Payable | 57.4 | 56.5 | +1.6% |
| Deferred Revenue | 112.3 | 96.6 | +16.3% |
| Current Portion of Long-Term Debt | 1.6 | 1.2 | +33.3% |
| Operating Lease Liability Current | 7.7 | 6.4 | +20.3% |
| Derivative Liabilities Current | 20.7 | 3.4 | +508.8% |
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| Cross Currency Interest Rate Contract · Designated As Hedging Instrument | 20.6 | 3.4 | +505.9% |
| Interest Rate Swap · Designated As Hedging Instrument | 0.1 | — | — |
| Accrued Liabilities And Other Liabilities | 116.4 | 99.3 | +17.2% |
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| Parent Company | 4 | 0.2 | +1900.0% |
| Total Current Liabilities | 316.1 | 263.4 | +20.0% |
| Deferred Revenue (Current) (Q) | — | — | — |
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| Uncompleted Contracts | -43.7 | -31 | -41.0% |
| Non-Current Liabilities | |||
| Convertible Debt Noncurrent | 754.5 | — | — |
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| Parent Company | 754.5 | — | — |
| Operating Lease Liabilities | 26.8 | 27.1 | -1.1% |
| Deferred Tax Liabilities | 70 | 61.1 | +14.6% |
| Other Non-Current Liabilities | 60.7 | 40.1 | +51.4% |
| Total Liabilities | 1,671.2 | 1,076.9 | +55.2% |
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| Parent Company | 746.6 | -0.3 | +248966.7% |
| Long-Term Debt (Q) | — | — | — |
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| 2021 Credit Agreement · Secured Debt | 450 | — | — |
| Convertible Senior Notes Due 2030 And 2031 (Notes) | 775 | — | — |
| Debt Excluding Convertible Debt | 444.7 | — | — |
| Long-Term Debt | 443.1 | 685.2 | -35.3% |
| Contract With Customer Liability Noncurrent (Q) | — | — | — |
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| Uncompleted Contracts | -2.5 | -0.8 | -212.5% |
| Other Liabilities | |||
| Long Term Debt Excluding Current Maturities And Long Term Convertible Debt | 443.1 | 685.2 | -35.3% |
| Stockholders' Equity | |||
| Treasury Stock Common Value | -58.4 | -3.2 | -1725.0% |
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| Parent Company | -58.4 | -3.2 | -1725.0% |
| Additional Paid-In Capital | 2,490.1 | 2,143.3 | +16.2% |
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| Parent Company | 2,490.1 | 2,143.3 | +16.2% |
| Retained Earnings | -512.7 | -541.5 | +5.3% |
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| Parent Company | -512.7 | -541.5 | +5.3% |
| Accumulated Other Comprehensive Income | -52.6 | -93 | +43.4% |
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| Parent Company | -52.6 | -93 | +43.4% |
| Total Stockholders' Equity | 1,866.4 | 1,505.6 | +24.0% |
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| Parent Company | 1,866.4 | 1,505.6 | +24.0% |
| Minority Interest | 50.5 | 53.5 | -5.6% |
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| Parent Company | 50.5 | 53.5 | -5.6% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,916.9 | 1,559.1 | +22.9% |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest | 2.5 | 2.4 | +4.2% |
| Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest | -25.1 | -93.6 | +73.2% |
| Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest | -0.1 | 0.2 | -150.0% |
| Accumulated Other Comprehensive Income | -52.6 | -93 | +43.4% |
| Accumulated Other Comprehensive Income Loss Derivative Qualifying As Hedge Excluded Component Including Portion Attributable To Noncontrolling Interest | -32.4 | -5.8 | -458.6% |
| Additional Paid In Capital | 2,490.1 | 2,143.3 | +16.2% |
| Aoci Attributable To Noncontrolling Interest | -2.5 | -3.8 | +34.2% |
| Noncontrolling Interest | 50.5 | 53.5 | -5.6% |
| Retained Earnings | -512.7 | -541.5 | +5.3% |
| Treasury Stock Common | -58.4 | -3.2 | -1725.0% |
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| Parent Company | 1,916.9 | 1,559.1 | +22.9% |
| Total Liabilities & Equity | 3,588.1 | 2,636 | +36.1% |
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| Parent Company | 2,663.5 | 1,558.8 | +70.9% |
| Treasury Stock Common Shares | 3,492,619 | 288,013 | +1112.7% |
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| Treasury Stock Common | 3,492,619 | 288,013 | +1112.7% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Other Depreciation And Amortization | 138 | 150.4 | -8.2% |
| Stock-Based Compensation | 15.2 | 15.6 | -2.6% |
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| Parent Company | 15.1 | 15.3 | -1.3% |
| Amortization of Financing Costs | 4.2 | 3.1 | +35.5% |
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| Parent Company | 1.9 | — | — |
| Provision For Doubtful Accounts | 2.5 | 3.4 | -26.5% |
| Inventory Write Down | 1.6 | 5.2 | -69.2% |
| Deferred Income Taxes And Tax Credits | -22.3 | -23.8 | +6.3% |
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| Parent Company | -11.5 | 0.4 | -2975.0% |
| Gain Loss On Sale Of Property Plant Equipment | 0.6 | 0.5 | +20.0% |
| Foreign Currency Transaction Gain Loss Unrealized | -17.4 | 2.2 | -890.9% |
| Other Non-Cash Items | 1 | 1.8 | -44.4% |
| Change in Accounts Receivable | 14.6 | -12 | +221.7% |
| Increase Decrease In Contract With Customer Asset | -7.7 | -23.9 | +67.8% |
| Change in Inventory | 3.3 | 1.3 | +153.8% |
| Change in Deferred Revenue | -0.1 | 0.3 | -133.3% |
| Change in Prepaid & Other Assets | -9.4 | -2.6 | -261.5% |
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| Parent Company | -3.2 | 1.5 | -313.3% |
| Change in Accounts Payable | -10.8 | -1.5 | -620.0% |
| Increase Decrease In Accrued Liabilities And Other Liabilities Current | -0.3 | 11.3 | -102.7% |
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| Parent Company | 3.8 | 0.2 | +1800.0% |
| Increase Decrease In Deferred Revenue | -0.9 | -1.1 | +18.2% |
| Increase Decrease In Other Operating Assets | -1.3 | 0.9 | -244.4% |
| Increase Decrease In Other Operating Liabilities | -3.1 | 0.5 | -720.0% |
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| Parent Company | -35.7 | 13.9 | -356.8% |
| Net Cash from Operations | 143.3 | 99.1 | +44.6% |
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| Parent Company | 0.2 | — | — |
| Depreciation & Amortization | 138.1 | 150.4 | -8.2% |
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| Medical · Operating Segments | 65.5 | 73 | -10.3% |
| Nuclear & Safety · Operating Segments | 71.6 | 76.7 | -6.6% |
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| Corporate Non Segment | 1 | 0.7 | +42.9% |
| Operating Segments | 137.1 | 149.7 | -8.4% |
| Deferred Income Taxes | -22.3 | -23.8 | +6.3% |
| Investing Activities | |||
| Payments To Acquire Businesses Net Of Cash Acquired | -661.9 | -1 | -66090.0% |
| Proceeds From Sale Of Property Plant And Equipment | 1 | — | — |
| Capital Expenditures | -36.4 | -48.8 | +25.4% |
| Proceeds From Hedge Investing Activities | 2.7 | 3.6 | -25.0% |
| Net Cash from Investing | -694.6 | -43.7 | -1489.5% |
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| Parent Company | -1,050.1 | — | — |
| Financing Activities | |||
| Proceeds From Issuance Of Common Stock | 425 | — | — |
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| Parent Company | 425 | — | — |
| Payments Of Stock Issuance Costs | -15.3 | — | — |
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| Parent Company | -14.9 | — | — |
| Tax Withholding for Share Compensation | -6.4 | -2 | -220.0% |
| Share Repurchases | -49.6 | — | — |
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| Parent Company | -31 | — | — |
| Proceeds From Convertible Debt | 755 | — | — |
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| Parent Company | 755 | — | — |
| Payments For Third Party Issuance Cost | -1.4 | — | — |
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| Parent Company | -1.4 | — | — |
| Payments For Capped Calls Related To Convertible Senior Notes | -82.6 | — | — |
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| Parent Company | -82.6 | — | — |
| Repayments Of Notes Payable | -244.6 | — | — |
| Debt Issuance Costs | -3.8 | -1.3 | -192.3% |
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| 2021 Credit Agreement · Revolving Credit Facility | -1.8 | — | — |
| 2021 Credit Agreement · Term Loan Facility | -21.7 | — | — |
| Payments For Proceeds From Hedge Financing Activities | 0.7 | 1 | -30.0% |
| Proceeds From Payments For Other Financing Activities | -1.1 | -1 | -10.0% |
| Net Cash from Financing | 775.9 | -3.3 | +23612.1% |
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| Parent Company | 1,050.1 | — | — |
| Supplemental | |||
| Income Taxes Paid | 27 | — | — |
| Interest Paid | 37.9 | 55.1 | -31.2% |
| Unpaid Capital Expenditures | 39.6 | 48.8 | -18.9% |
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| Medical · Operating Segments | 20.2 | 27.8 | -27.3% |
| Nuclear & Safety · Operating Segments | 18.7 | 17.7 | +5.6% |
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| Corporate Non Segment | 0.7 | 3.3 | -78.8% |
| Operating Segments | 38.9 | 45.5 | -14.5% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 15 | -7 | +314.3% |
| Net Change in Cash | 239.6 | 45.1 | +431.3% |
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| Parent Company | 0.2 | — | — |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 415.2 | 175.6 | +136.4% |
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| Parent Company | 0.2 | — | — |
Values in millions USD. Source: SEC EDGAR 10-K filing.