Varex Imaging Corporation (VREX)

NASDAQ: VREX · Real-Time Price · USD

18.48

+0.01 (0.05%)

Sep 3, 2026, 1:12 PM EDT - Market open

Varex Imaging Financials Overview

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Revenue	865	844.6	811	893.4	859.4	818.1
Revenue Growth	5.31%	4.14%	-9.22%	3.96%	5.05%	10.81%
Gross Profit	296.9	290.5	256.9	290.3	283.5	271.7
Operating Income	72.2	66.1	32.1	77.1	90	75.1
Net Income	22.1	-70.3	-48.8	47.4	30.3	17.4
Earnings Per Share	0.52	-1.70	-1.20	1.07	0.73	0.43
EPS Growth	-	-	-	45.97%	69.77%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Medical	587.1	592.6	581.7	673.3	674.7	643.8
Industrial	277.9	252	229.3	220.1	184.7	174.3
Total	865	844.6	811	893.4	859.4	818.1

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Cash & Investments	100.1	155.1	209.5	193.9	89.4	144.6
Total Debt	379.3	401.9	476.7	469.8	436.7	459.9
Net Cash (Debt)	-279.2	-246.8	-267.2	-275.9	-347.3	-315.3
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.60	-5.96	-6.55	-5.49	-8.35	-7.82

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Operating Cash Flow	11.3	41.7	47.3	108.4	16.9	92.6
Capital Expenditures	-31.5	-22.9	-26.9	-20.7	-21.3	-15.1
Free Cash Flow	-20.2	18.8	20.4	87.7	-4.4	77.5
Free Cash Flow Growth	-	-7.84%	-76.74%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Gross Margin	34.32%	34.39%	31.68%	32.49%	32.99%	33.21%
Operating Margin	8.35%	7.83%	3.96%	8.63%	10.47%	9.18%
Pretax Margin	3.20%	-7.01%	0.62%	3.50%	5.18%	3.50%
Profit Margin	2.56%	-8.32%	-6.02%	5.31%	3.53%	2.13%
FCF Margin	-2.33%	2.23%	2.51%	9.82%	-0.51%	9.47%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
PE Ratio	35.52	-	-	16.01	27.87	64.77
Forward PE	19.81	15.56	21.77	13.82	15.90	21.54
P/FCF Ratio	-	26.37	23.88	8.65	-	14.54
PS Ratio	0.90	0.59	0.60	0.85	0.98	1.38