Mirion Technologies, Inc.
MIR Industrials Specialty Industrial Machinery
In the quarter to June 2026, revenue grew 19.7%, EPS fell 25.0%, free cash flow grew 1,236.1% and total debt rose 44.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Mirion Technologies, Inc. (MIR) Altman Z-score
Mirion Technologies, Inc.'s Altman Z-score for fiscal 2025 is 2.23, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.23 | 0.02 |
| FY2024 | 2.21 | 1.05 |
| FY2023 | 1.16 | 0.80 |
| FY2022 | 0.36 | (0.59) |
| FY2021 | 0.95 | (2.31) |
| FY2020 | 3.26 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.19 | |
| Retained earnings / total assets | (0.14) | — | −0.20 | |
| EBIT / total assets | 0.01 | — | 0.05 | |
| Market value of equity / total liabilities | 3.22 | — | 1.93 | |
| Sales / total assets | 0.26 | — | 0.26 | |
| Altman Z-score | Grey zone | 2.23 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.89 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FELE Franklin Electric Co., Inc. compare | 6.9× |
| SXI Standex International Corporation compare | 5.4× |
| KAI Kadant Inc compare | 4.7× |
| MWA MUELLER WATER PRODUCTS compare | 4.4× |
| CSW CSW Industrials, Inc. compare | 3.4× |
| MIDD The Middleby Corporation compare | 3.1× |
| MIR Mirion Technologies, Inc. | 2.2× |
| JBTM JBT Marel Corporation compare | 2.0× |
| CXT Crane NXT, Co. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets