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Mirion Technologies vs Onto Innovation: revenue, profit, margins and growth compared

Mirion Technologies brought in $925.4M of revenue in fiscal 2025, Onto Innovation $1B in fiscal 2024. Revenue changed by +7.5% at Mirion Technologies and +1.8% at Onto Innovation on the year before, so Mirion Technologies grew faster. Mirion Technologies kept 3.1% of its revenue as net profit, Onto Innovation 13.6%. Free cash flow was $106.9M at Mirion Technologies and $299.8M at Onto Innovation.

Side by side, latest fiscal year

MIRONTO
Fiscal year endedFY2025 (December 31, 2025)FY2024 (January 3, 2026)
Revenue$925.4M$1B
Revenue growth+7.5%+1.8%
Net income$28.8M$136.8M
Net margin3.1%13.6%
Free cash flow$106.9M$299.8M
Free cash flow margin11.6%29.8%
Earnings per share (diluted)$0.11$2.78
Cash$412.3M$346.1M
Debt$444.7Mn/a
Price to earnings141.7103.5
Market value$3.9B$14.1B
Dividend yieldn/an/a
Rank by revenue in sector#274 of 451 · Industrials#271 of 451 · Industrials

Over the years

Revenue
MIR FY2021: $478.2MMIR FY2021: $611.6MMIR FY2022: $717.8MMIR FY2023: $800.9MMIR FY2024: $860.8MMIR FY2025: $925.4MONTO FY2019: $273.8MONTO FY2019: $305.9MONTO FY2020: $556.5MONTO FY2021: $788.9MONTO FY2022: $1BONTO FY2022: $815.9MONTO FY2024: $987.3MONTO FY2024: $1BFY19FY20FY21FY22FY23FY24FY25
MIR $925.4MONTO $1B
Net income
MIR FY2021: -$119.1MMIR FY2020: -$45.3MMIR FY2021: -$158.3MMIR FY2021: -$158.4MMIR FY2022: -$276.9MMIR FY2023: -$96.9MMIR FY2024: -$36.1MMIR FY2025: $28.8MONTO FY2019: $45.1MONTO FY2019: $223.3MONTO FY2020: $31MONTO FY2021: $142.3MONTO FY2022: $223.3MONTO FY2022: $121.2MONTO FY2024: $201.7MONTO FY2024: $136.8MFY19FY20FY21FY22FY23FY24FY25
MIR $28.8MONTO $136.8M
Net margin
MIR FY2021: -24.9%MIR FY2021: -25.9%MIR FY2022: -38.6%MIR FY2023: -12.1%MIR FY2024: -4.2%MIR FY2025: 3.1%ONTO FY2019: 16.5%ONTO FY2019: 73.0%ONTO FY2020: 5.6%ONTO FY2021: 18.0%ONTO FY2022: 22.2%ONTO FY2022: 14.9%ONTO FY2024: 20.4%ONTO FY2024: 13.6%FY19FY20FY21FY22FY23FY24FY25
MIR 3.1%ONTO 13.6%
Revenue growth
MIR FY2023: +11.6%MIR FY2024: +7.5%MIR FY2025: +7.5%ONTO FY2019: +11.7%ONTO FY2020: +81.9%ONTO FY2021: +41.8%ONTO FY2022: +27.4%ONTO FY2022: -18.8%ONTO FY2024: +21.0%ONTO FY2024: +1.8%FY19FY20FY21FY22FY23FY24FY25
MIR +7.5%ONTO +1.8%
Free cash flow
MIR FY2021: $19.6MMIR FY2021: $30.4MMIR FY2022: $5.2MMIR FY2023: $58.1MMIR FY2024: $50.3MMIR FY2025: $106.9MONTO FY2019: $27.6MONTO FY2019: $11.3MONTO FY2020: $102.2MONTO FY2021: $163.2MONTO FY2022: $118.3MONTO FY2022: $149.4MONTO FY2024: $213.8MONTO FY2024: $299.8MFY19FY20FY21FY22FY23FY24FY25
MIR $106.9MONTO $299.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Mirion Technologies and Onto Innovation

Which is bigger by revenue, Mirion Technologies or Onto Innovation?

Onto Innovation is bigger by revenue: $1B in fiscal 2024, against $925.4M for Mirion Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Mirion Technologies or Onto Innovation?

Mirion Technologies had a net margin of 3.1% in fiscal 2025; Onto Innovation had 13.6% in fiscal 2024.

Which grew revenue faster, Mirion Technologies or Onto Innovation?

In their latest fiscal years revenue changed by +7.5% at Mirion Technologies and +1.8% at Onto Innovation.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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