MIR vs. BMI
MIR (Mirion Technologies, Inc.) and BMI (Badger Meter, Inc.) are both stocks. Both are in the Industrials sector — MIR in Specialty Industrial Machinery, BMI in Electrical Equipment & Parts. Over the past 5 years, MIR returned 8.40%/yr vs 6.70%/yr for BMI. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
MIR vs. BMI - Performance Comparison
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Returns By Period
In the year-to-date period, MIR achieves a -36.04% return, which is significantly lower than BMI's -22.51% return.
MIR
- 1D
- 0.94%
- 1M
- -13.81%
- 6M
- -39.69%
- YTD
- -36.04%
- 1Y
- -24.57%
- 3Y*
- 25.71%
- 5Y*
- 8.40%
- 10Y*
- —
- ALL TIME*
- 6.95%
BMI
- 1D
- 3.04%
- 1M
- -7.90%
- 6M
- -7.80%
- YTD
- -22.51%
- 1Y
- -25.12%
- 3Y*
- -5.44%
- 5Y*
- 6.70%
- 10Y*
- 15.68%
- ALL TIME*
- 16.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.39M | $73.48M | $68.10M | |
| $77.19M | $66.56M | $71.87M |
MIR vs. BMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIR Mirion Technologies, Inc. | -36.04% | 34.21% | 70.24% | 55.07% | -36.87% | -3.94% | 8.46% |
BMI Badger Meter, Inc. | -22.51% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 44.55% |
Correlation
The correlation between MIR and BMI is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.37 |
The correlation between MIR and BMI shifts across timeframes, from 0.27 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MIR:
$3.66B
BMI:
$3.89B
MIR:
$0.09
BMI:
$4.27
MIR:
158.49
BMI:
31.43
MIR:
3.79
BMI:
4.48
MIR:
2.20
BMI:
4.84
MIR:
$1.02B
BMI:
$880.96M
MIR:
$492.00M
BMI:
$363.92M
MIR:
$135.20M
BMI:
$188.13M
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Return for Risk
MIR vs. BMI — Risk / Return Rank
MIR
BMI
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIR | BMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.91 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.69 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.36 | +0.15 |
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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.
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Drawdown Indicators
| MIR | BMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.20% | -68.22% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -51.03% | -40.85% | -10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | -55.06% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -51.79% | -55.06% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.06% | — |
Current DrawdownCurrent decline from peak | -49.65% | -46.59% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -30.05% | -19.10% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.30% | 20.69% | +6.61% |
Volatility
MIR vs. BMI - Volatility Comparison
Mirion Technologies, Inc. (MIR) and Badger Meter, Inc. (BMI) have volatilities of 17.69% and 17.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIR | BMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 17.92% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 37.49% | 40.24% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.36% | 45.09% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.90% | 34.82% | +12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.19% | 34.15% | +11.04% |
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 1.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.19% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
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% |
Financials
MIR vs. BMI - Financials Comparison
This section allows you to compare key financial metrics between Mirion Technologies, Inc. and Badger Meter, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MIR vs. BMI - Profitability Comparison
MIR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mirion Technologies, Inc. reported a gross profit of 133.10M and revenue of 266.80M. Therefore, the gross margin over that period was 49.9%.
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported a gross profit of 90.77M and revenue of 222.32M. Therefore, the gross margin over that period was 40.8%.
MIR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mirion Technologies, Inc. reported an operating income of 17.90M and revenue of 266.80M, resulting in an operating margin of 6.7%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported an operating income of 39.38M and revenue of 222.32M, resulting in an operating margin of 17.7%.
MIR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mirion Technologies, Inc. reported a net income of 7.70M and revenue of 266.80M, resulting in a net margin of 2.9%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Badger Meter, Inc. reported a net income of 29.72M and revenue of 222.32M, resulting in a net margin of 13.4%.
Frequently Asked Questions
MIR and BMI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMI has higher volatility (17.92%) compared to MIR (17.69%). In terms of maximum drawdown, MIR dropped -62.20% vs BMI's -68.22%.
MIR currently has the higher Sharpe Ratio (-0.59 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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