MIR vs. BMI

Last updated Apr 1, 2026

Compare and contrast key facts about Mirion Technologies, Inc. (MIR) and Badger Meter, Inc. (BMI).

Performance

MIR vs. BMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mirion Technologies, Inc. (MIR) and Badger Meter, Inc. (BMI). The values are adjusted to include any dividend payments, if applicable.

MIR vs. BMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MIR Mirion Technologies, Inc.	-20.62%	34.21%	70.24%	55.07%	-36.87%	-3.94%	9.55%
BMI Badger Meter, Inc.	-12.42%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.73%

Fundamentals

Market Cap MIR : $4.85B BMI : $4.50B
EPS MIR : $0.11 BMI : $4.79
PE Ratio MIR : 163.61 BMI : 31.80
PS Ratio MIR : 5.09 BMI : 4.91
PB Ratio MIR : 2.60 BMI : 4.62
Total Revenue (TTM) MIR : $925.40M BMI : $916.66M
Gross Profit (TTM) MIR : $438.60M BMI : $382.07M
EBITDA (TTM) MIR : $212.90M BMI : $223.24M

Returns By Period

In the year-to-date period, MIR achieves a -20.62% return, which is significantly lower than BMI's -12.42% return.

MIR

• 1D: 7.33%
• 1M: -13.98%
• YTD: -20.62%
• 6M: -20.08%
• 1Y: 28.21%
• 3Y*: 29.60%
• 5Y*: 12.02%
• 10Y*: —

BMI

• 1D: 2.87%
• 1M: -0.05%
• YTD: -12.42%
• 6M: -14.27%
• 1Y: -19.24%
• 3Y*: 8.52%
• 5Y*: 10.53%
• 10Y*: 17.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MIR vs. BMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIR

MIR Risk / Return Rank: 58
MIR Sharpe Ratio Rank: 61
MIR Sortino Ratio Rank: 57
MIR Omega Ratio Rank: 57
MIR Calmar Ratio Rank: 56
MIR Martin Ratio Rank: 60

BMI

BMI Risk / Return Rank: 24
BMI Sharpe Ratio Rank: 20
BMI Sortino Ratio Rank: 21
BMI Omega Ratio Rank: 20
BMI Calmar Ratio Rank: 28
BMI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIR vs. BMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mirion Technologies, Inc. (MIR) and Badger Meter, Inc. (BMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MIR	BMI	Difference
Sharpe ratio Return per unit of total volatility	0.52	-0.50	+1.02
Sortino ratio Return per unit of downside risk	1.06	-0.46	+1.52
Omega ratio Gain probability vs. loss probability	1.14	0.93	+0.21
Calmar ratio Return relative to maximum drawdown	0.65	-0.45	+1.10
Martin ratio Return relative to average drawdown	1.82	-0.72	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIR vs. BMI - Sharpe Ratio Comparison

The current MIR Sharpe Ratio is 0.52, which is higher than the BMI Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of MIR and BMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MIR	BMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	-0.50	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.33	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.46	-0.20

Correlation

The correlation between MIR and BMI is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MIR vs. BMI - Dividend Comparison

MIR has not paid dividends to shareholders, while BMI's dividend yield for the trailing twelve months is around 1.01%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MIR Mirion Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BMI Badger Meter, Inc.	1.01%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%

Drawdowns

MIR vs. BMI - Drawdown Comparison

The maximum MIR drawdown since its inception was -62.20%, smaller than the maximum BMI drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for MIR and BMI.

Drawdown Indicators

	MIR	BMI	Difference
Max Drawdown Largest peak-to-trough decline	-62.20%	-68.22%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	-41.78%	-42.92%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-51.79%	-42.92%	-8.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.92%	—
Current Drawdown Current decline from peak	-37.51%	-39.63%	+2.12%
Average Drawdown Average peak-to-trough decline	-29.50%	-18.88%	-10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.91%	26.84%	-11.93%

Volatility

MIR vs. BMI - Volatility Comparison

Mirion Technologies, Inc. (MIR) has a higher volatility of 17.43% compared to Badger Meter, Inc. (BMI) at 9.53%. This indicates that MIR's price experiences larger fluctuations and is considered to be riskier than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIR	BMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.43%	9.53%	+7.90%
Volatility (6M) Calculated over the trailing 6-month period	39.65%	26.37%	+13.28%
Volatility (1Y) Calculated over the trailing 1-year period	54.80%	38.63%	+16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.30%	31.80%	+13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.94%	32.73%	+12.21%

Financials

MIR vs. BMI - Profitability Comparison

The chart below illustrates the profitability comparison between Mirion Technologies, Inc. and Badger Meter, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MIR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mirion Technologies, Inc. reported a gross profit of 135.30M and revenue of 277.40M. Therefore, the gross margin over that period was 48.8%.

BMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported a gross profit of 92.99M and revenue of 220.71M. Therefore, the gross margin over that period was 42.1%.

MIR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mirion Technologies, Inc. reported an operating income of 25.50M and revenue of 277.40M, resulting in an operating margin of 9.2%.

BMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported an operating income of 43.05M and revenue of 220.71M, resulting in an operating margin of 19.5%.

MIR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mirion Technologies, Inc. reported a net income of 17.30M and revenue of 277.40M, resulting in a net margin of 6.2%.

BMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported a net income of 33.58M and revenue of 220.71M, resulting in a net margin of 15.2%.