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Mirion Technologies vs Thermo Fisher Scientific: revenue, profit, margins and growth compared

Mirion Technologies brought in $925.4M of revenue in fiscal 2025, Thermo Fisher Scientific $44.6B in fiscal 2025. Revenue changed by +7.5% at Mirion Technologies and +3.9% at Thermo Fisher Scientific on the year before, so Mirion Technologies grew faster. Mirion Technologies kept 3.1% of its revenue as net profit, Thermo Fisher Scientific 15.0%. Free cash flow was $106.9M at Mirion Technologies and $6.3B at Thermo Fisher Scientific.

Side by side, latest fiscal year

MIRTMO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$925.4M$44.6B
Revenue growth+7.5%+3.9%
Net income$28.8M$6.7B
Net margin3.1%15.0%
Free cash flow$106.9M$6.3B
Free cash flow margin11.6%14.1%
Earnings per share (diluted)$0.11$17.74
Cash$412.3M$9.9B
Debt$444.7M$39.2B
Price to earnings141.738.0
Market value$3.9B$249.6B
Dividend yieldn/a0.25%
Rank by revenue in sector#274 of 451 · Industrials#12 of 451 · Industrials

Over the years

Revenue
MIR FY2021: $478.2MMIR FY2021: $611.6MMIR FY2022: $717.8MMIR FY2023: $800.9MMIR FY2024: $860.8MMIR FY2025: $925.4MTMO FY2018: $24.4BTMO FY2019: $25.5BTMO FY2020: $32.2BTMO FY2021: $39.2BTMO FY2022: $44.9BTMO FY2023: $42.9BTMO FY2024: $42.9BTMO FY2025: $44.6BFY18FY19FY20FY21FY22FY23FY24FY25
MIR $925.4MTMO $44.6B
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: $28.8MTMO FY2018: $2.9BTMO FY2019: $3.7BTMO FY2020: $6.4BTMO FY2021: $7.7BTMO FY2022: $7BTMO FY2023: $6BTMO FY2024: $6.3BTMO FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
MIR $28.8MTMO $6.7B
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%TMO FY2018: 12.1%TMO FY2019: 14.5%TMO FY2020: 19.8%TMO FY2021: 19.7%TMO FY2022: 15.5%TMO FY2023: 14.0%TMO FY2024: 14.8%TMO FY2025: 15.0%FY18FY19FY20FY21FY22FY23FY24FY25
MIR 3.1%TMO 15.0%
Revenue growth
MIR FY2023: +11.6%MIR FY2024: +7.5%MIR FY2025: +7.5%TMO FY2019: +4.9%TMO FY2020: +26.1%TMO FY2021: +21.7%TMO FY2022: +14.5%TMO FY2023: -4.6%TMO FY2024: +0.1%TMO FY2025: +3.9%FY19FY20FY21FY22FY23FY24FY25
MIR +7.5%TMO +3.9%
Free cash flow
MIR FY2021: $19.6MMIR FY2021: $30.4MMIR FY2022: $5.2MMIR FY2023: $58.1MMIR FY2024: $50.3MMIR FY2025: $106.9MTMO FY2018: $3.8BTMO FY2019: $4BTMO FY2020: $6.8BTMO FY2021: $6.8BTMO FY2022: $6.9BTMO FY2023: $6.9BTMO FY2024: $7.3BTMO FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
MIR $106.9MTMO $6.3B

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

Questions about Mirion Technologies and Thermo Fisher Scientific

Which is bigger by revenue, Mirion Technologies or Thermo Fisher Scientific?

Thermo Fisher Scientific is bigger by revenue: $44.6B in fiscal 2025, against $925.4M for Mirion Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Mirion Technologies or Thermo Fisher Scientific?

Mirion Technologies had a net margin of 3.1% in fiscal 2025; Thermo Fisher Scientific had 15.0% in fiscal 2025.

Which grew revenue faster, Mirion Technologies or Thermo Fisher Scientific?

In their latest fiscal years revenue changed by +7.5% at Mirion Technologies and +3.9% at Thermo Fisher Scientific.

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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