Varex Imaging Corp
Varex Imaging Corp
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 85 | 120 | 145 | 136 | 205 | 176 | 169 | 156 | 142 | 141 | 153 | 119 | |||||
Marketable Securities Current | 3 | 6 | 10 | 16 | 18 | 37 | 32 | 34 | 47 | - | 41 | - | |||||
Accounts Receivable Net Current | 148 | 147 | 157 | 137 | 146 | 138 | 158 | 152 | 152 | 140 | 164 | 163 | |||||
Inventory Net | 347 | 328 | 299 | 299 | 285 | 280 | 265 | 282 | 286 | 290 | 278 | 298 | |||||
Prepaid Expense And Other Assets Current | 43 | 34 | 31 | 31 | 30 | 26 | 27 | 26 | 25 | 75 | 23 | 59 | |||||
Assets Current | 626 | 634 | 642 | 620 | 684 | 657 | 650 | 649 | 652 | 646 | 658 | 639 | |||||
Property Plant And Equipment And Finance Lease Rig… | 163 | - | 158 | 153 | 153 | 151 | 153 | 148 | 148 | 148 | 144 | 142 | |||||
Goodwill | 198 | 198 | 198 | 199 | 290 | 287 | 291 | 289 | 289 | 290 | 289 | 289 | |||||
Intangible Assets Net Excluding Goodwill | 13 | 15 | 14 | 15 | 15 | 14 | 16 | 16 | 18 | 22 | 22 | 26 | |||||
Investments In Affiliates Subsidiaries Associates … | 20 | 21 | 25 | 25 | 23 | 25 | 27 | 27 | 29 | 28 | 29 | 47 | |||||
Deferred Income Tax Assets Net | 3 | 3 | 3 | 3 | 3 | 3 | 1 | 55 | 48 | 42 | 41 | 3 | |||||
Operating Lease Right Of Use Asset | 29 | 29 | 29 | 24 | 25 | 27 | 28 | 29 | 30 | 28 | 29 | 29 | |||||
Restricted Cash Noncurrent | - | - | - | - | 127 | 126 | - | - | - | - | - | - | |||||
Other Assets Noncurrent | 38 | 38 | 39 | 36 | 37 | 42 | 47 | 39 | 38 | 37 | 38 | 38 | |||||
Assets | 1,089 | 1,098 | 1,107 | 1,073 | 1,358 | 1,332 | 1,214 | 1,253 | 1,252 | 1,242 | 1,250 | 1,212 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 96 | 79 | 70 | 71 | 71 | 66 | 59 | 70 | 69 | 74 | 65 | 75 | |||||
Accrued Liabilities Current | 61 | 66 | 98 | 86 | 83 | 70 | 79 | 67 | 69 | 62 | 83 | 68 | |||||
Operating Lease Liability Current | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | |||||
Long Term Debt Current | 19 | 1 | 2 | 2 | 1 | 1 | 46 | 46 | 2 | 2 | 2 | 2 | |||||
Contract With Customer Liability Current | 15 | 12 | 13 | 15 | 10 | 9 | 8 | 8 | 10 | 9 | 10 | 11 | |||||
Liabilities Current | 195 | 163 | 187 | 177 | 169 | 151 | 196 | 195 | 154 | 150 | 163 | 159 | |||||
Long Term Debt Noncurrent | 329 | 366 | 366 | 366 | 566 | 566 | 397 | 397 | 441 | 441 | 441 | 441 | |||||
Deferred Income Tax Liabilities Net | 6 | 6 | 6 | 3 | 0 | 0 | 4 | - | - | - | 0 | 0 | |||||
Operating Lease Liability Noncurrent | 23 | 23 | 24 | 19 | 20 | 21 | 23 | 23 | 24 | 23 | 23 | 23 | |||||
Other Liabilities Noncurrent | 48 | 49 | 38 | 39 | 40 | 41 | 50 | 43 | 42 | 45 | 42 | 44 | |||||
Liabilities | 601 | 607 | 621 | 604 | 794 | 778 | 670 | 657 | 662 | 659 | 669 | 667 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 491 | 486 | 483 | 478 | 475 | 470 | 467 | 462 | 458 | 453 | 450 | 445 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -6 | -6 | -5 | -5 | -2 | -0 | -3 | -2 | -2 | -2 | -1 | -0 | |||||
Retained Earnings Accumulated Deficit | -12 | -4 | -6 | -18 | 77 | 70 | 64 | 120 | 119 | 118 | 118 | 87 | |||||
Stockholders Equity | 488 | 491 | 473 | 455 | 550 | 548 | 529 | 581 | 576 | 583 | 581 | 545 | |||||
Minority Interest | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 13 | |||||
Liabilities And Stockholders Equity | 1,089 | 1,098 | 1,107 | 1,073 | 1,358 | 1,332 | 1,214 | 1,253 | 1,252 | 1,242 | 1,250 | 1,212 | |||||
Allowance For Doubtful Accounts Receivable | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |||||
Common Stock Shares Issued | 42 | 42 | 42 | 42 | 42 | 41 | 41 | 41 | 41 | 41 | 41 | 40 | |||||
Shares Outstanding | 42 | 42 | 42 | 42 | 42 | 41 | 41 | 41 | 41 | 41 | 41 | 40 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -18.52% | -25.80% | -17.95% | -13.52% | -13.02% | -7.69% | - | - | - | - | - | - |
| 2025 | -15.39% | -24.21% | -43.29% | -11.33% | -0.81% | -9.25% | 47.89% | 54.42% | 53.52% | -1.26% | 13.24% | 18.04% |
| 2024 | -11.06% | -6.89% | -13.63% | -9.98% | -12.23% | -13.57% | -13.03% | -24.39% | -13.45% | 6.04% | -8.17% | -15.73% |
| 2023 | - | - | - | - | - | - | -14.86% | -18.17% | -22.64% | 5.13% | 4.54% | 2.46% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.20 | 3.89 | 3.43 | 3.51 | 4.05 | 4.36 | 3.32 | 3.34 | 4.23 | 4.30 | 4.04 | 4.03 | |||||
| Quick Ratio | 1.21 | 1.67 | 1.67 | 1.64 | 2.18 | 2.33 | 1.83 | 1.76 | 2.21 | 1.87 | 2.20 | 1.78 | |||||
| Working Capital | 430.30M | 470.60M | 454.60M | 442.80M | 515.00M | 506.40M | 454.00M | 454.70M | 497.80M | 495.60M | 495.50M | 479.90M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.23 | 1.24 | 1.28 | 1.33 | 1.44 | 1.42 | 1.23 | 1.13 | 1.15 | 1.13 | 1.15 | 1.22 | |||||
| Interest Coverage TTM | -0.74 | -0.67 | -0.78 | -1.04 | 1.61 | 1.27 | 1.06 | 1.53 | 2.03 | 2.35 | 2.63 | 2.46 | |||||
| Debt Ratio | 0.55 | 0.55 | 0.56 | 0.56 | 0.58 | 0.58 | 0.55 | 0.52 | 0.53 | 0.53 | 0.54 | 0.55 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.70 | 0.70 | 0.73 | 0.71 | 0.63 | 0.64 | 0.66 | 0.68 | 0.70 | 0.72 | 0.73 | 0.76 | |||||
| Days Sales Outstanding TTM | 62.53 | 60.79 | 67.91 | 64.21 | 65.55 | 61.74 | 72.30 | 69.10 | 66.32 | 61.85 | 68.82 | 65.24 | |||||
| Receivables Turnover TTM | 5.84 | 6.00 | 5.37 | 5.68 | 5.57 | 5.91 | 5.05 | 5.28 | 5.50 | 5.90 | 5.30 | 5.59 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.97 | -1.60 | -1.70 | -3.21 | -0.83 | -1.17 | -1.18 | 0.84 | 1.03 | 1.11 | 0.97 | 0.59 | |||||
| Free Cash Flow Per Share TTM | -1.37 | -0.19 | 0.58 | 1.00 | 1.05 | 0.63 | 0.50 | 1.03 | 1.78 | 2.38 | 2.18 | 1.32 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 33.55% | 34.15% | 34.39% | 34.06% | 33.74% | 32.69% | 31.68% | 32.16% | 32.39% | 32.37% | 32.49% | 31.96% | |||||
| Operating Profit Margin TTM | -3.65% | -2.76% | -3.29% | -4.44% | 6.47% | 4.76% | 3.96% | 5.46% | 7.06% | 7.78% | 8.63% | 8.62% | |||||
| Net Profit Margin TTM | -9.63% | -7.92% | -8.32% | -16.22% | -5.15% | -5.86% | -5.96% | 4.17% | 4.95% | 5.14% | 5.45% | 3.29% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 3.63% | 4.09% | 4.14% | -1.36% | -3.31% | -6.49% | -9.22% | -7.21% | -2.72% | 1.34% | 3.96% | 5.05% | |||||
| Net Income Growth (1Y) | 93.90% | 40.75% | 45.55% | -483.86% | -200.47% | -206.65% | -199.18% | 17.63% | 48.77% | 40.94% | 60.73% | 12.60% | |||||
| EPS Growth (1Y) | 91.13% | 38.39% | 43.44% | -478.31% | -198.77% | -205.35% | -197.96% | 16.19% | 46.94% | 39.20% | 58.73% | 11.20% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -5.39 | -7.19 | -7.30 | -2.70 | -11.27 | -12.47 | -10.07 | 17.36 | 17.37 | 18.45 | 15.55 | 32.28 | |||||
| P/B TTM | 0.91 | 0.99 | 1.05 | 0.79 | 0.87 | 1.09 | 0.90 | 1.04 | 1.28 | 1.43 | 1.30 | 1.75 | |||||
| P/S TTM | 0.52 | 0.57 | 0.61 | 0.44 | 0.58 | 0.73 | 0.60 | 0.72 | 0.86 | 0.95 | 0.85 | 1.06 | |||||
| Market Cap | 445.62M | 486.97M | 513.36M | 359.81M | 480.24M | 599.65M | 486.34M | 602.46M | 736.67M | 832.30M | 757.24M | 952.23M | |||||
| Enterprise Value | 705.52M | 732.87M | 733.76M | 588.81M | 715.24M | 864.85M | 759.34M | 887.76M | 1.04B | 1.13B | 1.05B | 1.28B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -57.60M | -8.00M | 24.10M | 41.70M | 43.60M | 25.80M | 20.40M | 42.20M | 72.40M | 96.80M | 87.70M | 53.30M | |||||
| Net Debt | 259.90M | 245.90M | 220.40M | 229.00M | 235.00M | 265.20M | 273.00M | 285.30M | 299.70M | 300.30M | 288.60M | 323.00M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Varex Imaging Corp (VREX) — SEC Financial Statements & Analysis
Varex Imaging Corp (VREX) is a electronic components, nec company, incorporated in DE. Varex Imaging Corp trades on VREX: Nasdaq as: VREX. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Varex Imaging Corp reported a 3.63% year-over-year revenue growth, a Gross Profit Margin of 33.55% (TTM), a Debt-to-Equity ratio of 1.23x, a Price-to-Sales (P/S) ratio of 0.52x (TTM), a Price-to-Book (P/B) ratio of 0.91 (TTM), at a market cap of $445.62M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 3.63%
- Gross Profit Margin TTM
- 33.55%
- Debt To Equity
- 1.23x
- P/S TTM
- 0.52x
- P/B TTM
- 0.91
- Market Cap
- $445.62M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Varex Imaging Corp in?
Varex Imaging Corp (VREX) operates in the Electronic Components, NEC industry.
What is VREX's market cap?
Varex Imaging Corp (VREX) has a market capitalization of $445.62M as of 2026-03-31.
What exchange does VREX trade on?
Varex Imaging Corp (VREX) trades on the VREX: Nasdaq.
Where is Varex Imaging Corp incorporated?
Varex Imaging Corp is incorporated in DE.