Varex Imaging Corp
VREX Nasdaq· Electronic Components, Nec
Last close · Oct 26, 2026
$18.41
KIRA · Stoqly’s AI analyst, in plain words
- Varex Imaging Corp had $845M of revenue in fiscal 2025, up 4.1% on the year before. Over five years, revenue changed +2.7% a year on average.
- Its operating margin was −3.3%, down 7.2 pts: of every 100 in sales, about −3 is left after running the business.
- Varex Imaging Corp lost $70.3M in fiscal 2025.
- Free cash flow was $18.8M in fiscal 2025, 2.2% of revenue.
- Varex Imaging Corp owes $218M more than it holds in cash.
Market cap
$784M
P/E
35.4x
Revenue
$845M
Net income
−$70.3M
Free cash flow
$18.8M
Operating margin
−3.3%
Varex Imaging Corp in 30 seconds · fiscal 2025
Are sales growing?
+4.1%
Only a little. Sales grew 4.1% last year.
Does it make a profit?
−8.3%
No. It lost money last year.
Does profit turn into cash?
2.2%
Partly. 2.2% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
35.4x
One share costs 35.4 times its yearly profit per share.
What Varex Imaging Corp does
No business description yet.
- Fiscal year ends
- October 3, 2025
- Latest annual report
- 10-K · Nov 18, 2025
- Legal name
- Varex Imaging Corp
- CIK
- 0001681622
Varex Imaging Corp · VREX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $818M | $859M | $893M | $811M | $845M |
| Revenue growth | 10.8% | 5.0% | 4.0% | −9.2% | 4.1% |
| Gross margin | 33.2% | 33.0% | 32.5% | 31.7% | 34.4% |
| Operating margin | 9.1% | 10.3% | 8.6% | 4.0% | −3.3% |
| Net income | $17.4M | $30.3M | $47.4M | −$48.8M | −$70.3M |
| Net margin | 2.1% | 3.5% | 5.3% | −6.0% | −8.3% |
| Diluted EPS | $0.43 | $0.73 | $1.07 | −$1.20 | −$1.70 |
| Cash | |||||
| Cash from operations | $92.6M | $16.9M | $108M | $47.3M | $41.7M |
| Capital expenditure | $15.1M | $21.3M | $20.7M | $26.9M | $22.9M |
| Free cash flow | $77.5M | −$4.4M | $87.7M | $20.4M | $18.8M |
| FCF margin | 9.5% | −0.5% | 9.8% | 2.5% | 2.2% |
| Share count change | 3.9% | 3.2% | 20.9% | −18.9% | 1.5% |
| Debt and strength | |||||
| Cash and short-term investments | $145M | $89.4M | $194M | $201M | $155M |
| Debt incl. finance leases | $435M | $415M | $443M | $450M | $374M |
| Shareholders' equity | $483M | $533M | $568M | $529M | $473M |
| Net debt / EBITDA | 3.1x | 3.0x | 2.6x | 4.7x | — |
| Current ratio | 3.3x | 3.5x | 4.0x | 3.3x | 3.4x |
| Interest coverage | 1.8x | 2.2x | 2.6x | 1.1x | −0.8x |
| Returns and quality | |||||
| Return on capital | 6.2% | 7.1% | 9.4% | 2.7% | −3.2% |
| Return on equity | 3.7% | 6.0% | 8.6% | −8.9% | −14.0% |
| Return on tangible equity | 12.4% | 14.1% | 18.5% | −22.0% | −27.0% |
| Piotroski F-score | 8 | 6 | 5 | 3 | 6 |
| Altman Z'' | 3.5 | 4.0 | 4.2 | 3.6 | 3.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.6M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Varex Imaging Corp · VREX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $18.41 a share, the company is worth $784M: 35.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001681622). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.