Varex Imaging Corporation: stock overview

VREXNASDAQTechnology · Electronic Components, NEC

Price

$18.10

November 13, 2026Market cap $755M

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  • The full history: 11 fiscal years, from FY2015
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.
  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Varex Imaging had revenue of $865M over the last 12 months and net income of $22M, a net margin of 2.6%. Revenue grew by 2.7% a year on average over the last 5 years. At $18.10 the shares trade at a P/E of 34.2, against a median of 29.0 over the last 3 fiscal years. It pays no dividend.

From its SEC filings (latest fiscal year to October 3, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$755M
41.70M shares
P/E
34.2
Today34.2
Median29.0
Revenue, 12 months
$865M
+2.7% a year over 5 years
Net margin
2.6%
FY2025: -8.3%, above 28% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

-2.8% a year over 2 years

  • FY2025Oct 3, 202510-K
    Revenue$845M
  • FY2024Sep 27, 202410-K
    Revenue$811M
  • FY2023Sep 29, 202310-K
    Revenue$893M

Fiscal years in figures

VREX's revenue, profit, cash flow and dividend with each year-end price, from FY2015 to FY2022, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $498M
$755M
Enterprise value 
–
P/E 
34.2
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 1.1
1.5
FCF yield 3-year median: 4.2%
–
Earnings yield 3-year median: -10.1%
2.9%

Profitability

Gross margin 
34.3%
Operating margin 
8.4%
Net margin 3-year median: -6.0%
2.6%
ROIC 
7.0%
ROIC, 5-year average 
4.0%
ROE 
4.7%

Growth

Revenue, yearly change 
+4.1%
EPS, yearly change 
–
FCF, yearly change 
-7.8%
Revenue, average a year 
+2.7%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$99M
Total debt 
–
Net cash 
–
Net debt / EBITDA 
–
Interest cover 
1.9x
Current ratio 
3.38

Balance sheet of July 3, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+1.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 36).

Gross margin

34.4%

Above 48% of the 179 companies in its industry, and 47% of all.

Operating margin

-3.3%

Above 36% of the 189 companies in its industry, and 28% of all.

Net margin

-8.3%

Above 28% of the 193 companies in its industry, and 20% of all.

ROE

-14.7%

Above 21% of the 176 companies in its industry, and 16% of all.

ROA

-6.4%

Above 28% of the 194 companies in its industry, and 18% of all.

Revenue growth

4.1%

Above 40% of the 183 companies in its industry, and 43% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Varex Imaging Corp
CIK
1681622
Exchange
NASDAQ
Industry (SIC)
3679 · Electronic Components, NEC
Fiscal year ends
October 2
Latest annual report
October 3, 2025
Reporting currency
USD
Shares
41.70M

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The full analysis

What do Varex Imaging's filings show?

These are Varex Imaging's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about VREX

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What is VREX's market cap?

Varex Imaging Corporation's market cap is $755M, at a price of $18.10 on November 13, 2026 and 41.70M shares.

What is VREX's P/E?

VREX's P/E is 34.2, on earnings per share of $0.53 over the last 12 months. The median over the last 3 fiscal years was 29.0.

How much revenue does VREX have?

Varex Imaging had revenue of $865M over the last 12 months. Over the last 5 years it changed by +2.7% a year on average.

Does VREX pay a dividend?

No. Varex Imaging paid no regular dividend over the last 12 months.

Where do the figures come from?

From Varex Imaging Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.