Stocktoria

Varex Imaging Corp VREX

Nasdaq · stock · Electronic Components, NEC · website · IPO 2017-01-20 · LEI

Varex Imaging Corp statistics & valuation

Market cap$442.1M
P / S0.5×
P / B0.9×
P / FCF23.5×
Net margin-8.3%
Return on equity-14.4%
FCF margin2.2%
Net debt$222.5M
Enterprise value USD$664.5M
Earnings yield EBIT/EV-4.2%
Return on capital-3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
11.00% 7.40% 3.60% 2.00% -7.80% 2.10% 3.50% 5.30% -6.00% -8.30% 2016201720182019202020212022202320242025
Gross margin (%)
40.10% 36.30% 32.80% 32.90% 25.80% 33.20% 33.00% 32.50% 31.70% 34.40% 2016201720182019202020212022202320242025
Operating margin (%)
17.60% 12.00% 5.80% 5.90% -4.60% 9.10% 10.30% 8.60% 4.00% -3.30% 2016201720182019202020212022202320242025
Return on equity (%)
13.00% 13.60% 6.40% 3.50% -12.40% 3.50% 5.60% 8.20% -9.00% -14.40% 2016201720182019202020212022202320242025
Shares outstanding
37.7M 38.0M 38.4M 38.6M 39.1M 40.3M 41.6M 50.3M 41.1M 41.7M 2016201720182019202020212022202320242025
Net debt ($)
-$36.5M $380.6M $337.9M $365.2M $354.7M $289.9M $325.0M $290.0M $274.7M $222.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
11.00% 5.00% 2.80% 1.50% -5.10% 1.50% 2.60% 3.80% -4.00% -6.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.30% 7.90% 8.40% 6.70% -1.40% 9.50% -0.50% 9.80% 2.50% 2.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 1.22× 0.91× 0.88× 0.98× 0.88× 0.76× 0.77× 0.82× 0.76× 2016201720182019202020212022202320242025
EPS ($)
$1.82 $1.36 $0.72 $0.40 -$1.49 $0.43 $0.73 $1.07 -$1.20 -$1.70 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Varex Imaging Corp trades at about 17.2× earnings — below its 10-year norm (10-year range 16.9×–75×, median 36.1×).

16.9× 75×

Shaded band = 10-year range (16.9×–75×); dot = today's 17.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin34.4%31.7%32.5%33.0%33.2%25.8%32.9%32.8%36.3%40.1%
Operating margin-3.3%4.0%8.6%10.3%9.1%-4.6%5.9%5.8%12.0%17.6%
Net margin-8.3%-6.0%5.3%3.5%2.1%-7.8%2.0%3.6%7.4%11.0%
FCF margin2.2%2.5%9.8%-0.5%9.5%-1.4%6.7%8.4%7.9%7.3%
Return on assets-6.3%-4.0%3.8%2.6%1.5%-5.1%1.5%2.8%5.0%11.0%
Return on equity-14.4%-9.0%8.2%5.6%3.5%-12.4%3.5%6.4%13.6%13.0%
Debt / equity0.76×0.82×0.77×0.76×0.88×0.98×0.88×0.91×1.22×0.00×
Current ratio3.433.324.043.523.333.252.503.013.264.63

Computed from company filings · US · as of 2025-10-03. Facts plus Stocktoria's own computed scores — not investment advice.