11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $845M | -$70M | 34.4% | -3.3% | -14.9% | -6.3% | $19M | $368M | $145M |
| 2024 | $811M | -$49M | 31.7% | 4.0% | -9.2% | -4.0% | $20M | $443M | $169M |
| 2023 | $893M | $47M | 32.5% | 8.6% | 8.3% | 3.8% | $88M | $443M | $153M |
| 2022 | $859M | $30M | 33.0% | 10.3% | 5.7% | 2.6% | -$4M | $414M | $89M |
| 2021 | $818M | $17M | 33.2% | 9.1% | 3.6% | 1.5% | $78M | $435M | $145M |
| 2020 | — | -$58M | — | — | -12.8% | -5.1% | -$10M | $455M | $101M |
| 2019 | — | $16M | — | — | 3.5% | 1.5% | $52M | $395M | $30M |
| 2018 | — | $28M | — | — | 6.5% | 2.8% | $65M | $390M | $52M |
| 2017 | — | $52M | — | — | 13.6% | 5.0% | $55M | $484M | $83M |
| 2016 | — | $69M | — | — | 13.0% | 11.0% | $45M | $0 | $37M |
| 2015 | — | $80M | — | — | — | — | $51M | — | $21M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $211M | $16M | 36.4% | 10.8% | 3.2% | 1.4% | $12M | $347M | $99M |
| Apr '26 | $216M | -$8M | 33.6% | 6.7% | -1.7% | -0.7% | -$8M | $348M | $85M |
| Jan '26 | $210M | $2M | 33.3% | 7.3% | 0.5% | 0.2% | -$27M | $368M | $120M |
| Oct '25 | $229M | $12M | 34.0% | 8.6% | 2.6% | 1.1% | $2M | $368M | $145M |
| Jul '25 | $203M | -$89M | 33.3% | -39.8% | -19.6% | -8.3% | $1M | $368M | $136M |
| Apr '25 | $213M | $7M | 36.0% | 10.4% | 1.3% | 0.5% | $10M | $567M | $205M |
| Jan '25 | $200M | -$300000 | 34.3% | 5.6% | -0.1% | -0.0% | $5M | $567M | $176M |
| Sep '24 | $206M | -$51M | 32.6% | 5.3% | -9.7% | -4.2% | $20M | $443M | $169M |
| Jun '24 | $209M | $1M | 32.0% | 4.4% | 0.2% | 0.1% | $3M | $443M | $156M |
| Mar '24 | $206M | $1M | 31.9% | 3.7% | 0.2% | 0.1% | -$3M | $443M | $142M |
| Dec '23 | $190M | -$500000 | 30.1% | 2.2% | -0.1% | -0.0% | -$100000 | $443M | $141M |
| Sep '23 | $227M | $32M | 34.3% | 10.7% | 5.6% | 2.6% | $42M | $443M | $153M |
| Jun '23 | $232M | $9M | 32.9% | 10.4% | 1.7% | 0.8% | $34M | $443M | $119M |
| Mar '23 | $228M | $4M | 31.9% | 6.8% | 0.8% | 0.3% | $22M | $443M | $104M |
| Dec '22 | $206M | $3M | 30.8% | 6.3% | 0.6% | 0.3% | -$9M | $443M | $82M |
| Sep '22 | $231M | $13M | 32.2% | 10.6% | 2.5% | 1.1% | $7M | $414M | $89M |
| Jul '22 | $215M | $8M | 34.2% | 10.7% | 1.6% | 0.7% | -$7M | $413M | $100M |
| Apr '22 | $215M | $8M | 33.0% | 12.4% | 1.5% | 0.7% | -$12M | $411M | $115M |
| Dec '21 | $199M | $1M | 32.6% | 7.0% | 0.3% | 0.1% | $7M | $437M | $158M |
| Oct '21 | — | $9M | — | — | 1.8% | 0.8% | $48M | $435M | $145M |
How the market has priced VREX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Varex Imaging Corp's revenue has grown 0.8% per year. These are computed facts, not advice.
As of FY2025, Varex Imaging Corp reported $368M of total debt against $145M of cash; operating income covered interest expense -0.8×.
In FY2025, gross margin was 34.4%, operating margin -3.3%, and net margin -8.3%.
As of Sep '26, Varex Imaging Corp traded at a price-to-earnings ratio of about 11.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.