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Mirion Technologies vs Owlet: revenue, profit, margins and growth compared

Mirion Technologies brought in $925.4M of revenue in fiscal 2025, Owlet $105.7M in fiscal 2025. Revenue changed by +7.5% at Mirion Technologies and +35.4% at Owlet on the year before, so Owlet grew faster. Mirion Technologies kept 3.1% of its revenue as net profit, Owlet -37.5%. Free cash flow was $106.9M at Mirion Technologies and -$11.1M at Owlet.

Side by side, latest fiscal year

MIROWLT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$925.4M$105.7M
Revenue growth+7.5%+35.4%
Net income$28.8M-$39.7M
Net margin3.1%-37.5%
Free cash flow$106.9M-$11.1M
Free cash flow margin11.6%-10.5%
Earnings per share (diluted)$0.11-$2.31
Cash$412.3M$35.5M
Debt$444.7M$13M
Price to earnings141.7n/a
Market value$3.9B$147.3M
Dividend yieldn/an/a
Rank by revenue in sector#274 of 451 · Industrials#378 of 451 · Industrials

Over the years

Revenue
MIR FY2021: $478.2MMIR FY2021: $611.6MMIR FY2022: $717.8MMIR FY2023: $800.9MMIR FY2024: $860.8MMIR FY2025: $925.4MOWLT FY2020: $75.4MOWLT FY2021: $75.8MOWLT FY2021: $69.2MOWLT FY2023: $54MOWLT FY2023: $78.1MOWLT FY2025: $105.7MFY20FY21FY22FY23FY24FY25
MIR $925.4MOWLT $105.7M
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: $28.8MOWLT FY2020: -$10.5MOWLT FY2021: -$71.7MOWLT FY2021: -$79.3MOWLT FY2023: -$32.9MOWLT FY2023: -$12.5MOWLT FY2025: -$39.7MFY20FY21FY22FY23FY24FY25
MIR $28.8MOWLT -$39.7M
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%OWLT FY2020: -14.0%OWLT FY2021: -94.5%OWLT FY2021: -114.6%OWLT FY2023: -60.9%OWLT FY2023: -16.1%OWLT FY2025: -37.5%FY20FY21FY22FY23FY24FY25
MIR 3.1%OWLT -37.5%
Revenue growth
MIR FY2023: +11.6%MIR FY2024: +7.5%MIR FY2025: +7.5%OWLT FY2021: +0.6%OWLT FY2021: -8.8%OWLT FY2023: -22.0%OWLT FY2023: +44.5%OWLT FY2025: +35.4%FY21FY23FY24FY25
MIR +7.5%OWLT +35.4%
Free cash flow
MIR FY2021: $19.6MMIR FY2021: $30.4MMIR FY2022: $5.2MMIR FY2023: $58.1MMIR FY2024: $50.3MMIR FY2025: $106.9MOWLT FY2020: -$1.1MOWLT FY2021: -$41.5MOWLT FY2021: -$82MOWLT FY2023: -$23.5MOWLT FY2023: -$11.2MOWLT FY2025: -$11.1MFY20FY21FY22FY23FY24FY25
MIR $106.9MOWLT -$11.1M

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

Questions about Mirion Technologies and Owlet

Which is bigger by revenue, Mirion Technologies or Owlet?

Mirion Technologies is bigger by revenue: $925.4M in fiscal 2025, against $105.7M for Owlet in fiscal 2025.

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

Mirion Technologies had a net margin of 3.1% in fiscal 2025; Owlet had -37.5% in fiscal 2025.

Which grew revenue faster, Mirion Technologies or Owlet?

In their latest fiscal years revenue changed by +7.5% at Mirion Technologies and +35.4% at Owlet.

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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