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NASDAQ · ELECTRONIC COMPONENTS, NEC · MID CAP

Varex Imaging Corp. VREX

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$844.6M
▲ 4.1% YoY
$-70.3M
$18.8M
▼ 7.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Varex Imaging Corporation designs and manufactures X-ray imaging components, including X-ray tubes, flat panel and photon counting detectors and accessories, linear accelerators, image software processing solutions, and stand-alone X-ray based systems in select application areas. Varex has approximately 2,400 full-time equivalent employees, located at engineering, manufacturing, and service center sites in North America, Europe, and Asia. It employs approximately 400 individuals in product development related activities. Each year, it produces over 27,000 X-ray tubes and 20,000 X-ray detectors. The company has two reportable operating segments, Medical and Industrial, which align its products and services offerings with customer use in medical and industrial imaging. In its Medical segment, it designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, flat panel and photon counting detectors and accessories, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, automatic exposure control devices, generators, and coolers, which are used in medical imaging applications including computed tomography, mammography, oncology, cardiac, surgery, dental, fluoroscopy, and other diagnostic radiography uses. In its Industrial segment, it designs, develops, manufactures, sells, and services X-ray imaging products for applications including cargo screening at ports and borders, baggage screening at airports, and nondestructive testing, irradiation, and inspection applications used in a number of other verticals.

Written from the business description in Varex Imaging Corporation's annual report to the U.S. Securities and Exchange Commission, filed 18 November 2025. Every sentence was checked against that document before publication.

Growth

USD 844.6M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 844.6 · Net income -70.3
400M800M
20152018202120242025
Compound annual growth
−0.6%
+2.7%
+2.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.3% · Net -8.3%
10%20%-5%
201520202025
ROE
FY2025 · ROE -14.0%
5%10%15%-5%-10%
201520202025
Three returns, three denominators.

Each USD of equity lost 14 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 18.8
40M80M-5M-10M
201520202025

Total assetsUSD 1.1B
EquityUSD 472.6M
CashUSD 145.0M
Gross debtUSD 367.5M
Net debtUSD 222.5M
Current ratio3.43×

Net debt stands at 47% of equity.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VREX, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue $B0.80.80.90.90.80.70.80.80.70.60.6
Operating income $B−0.00.00.10.10.1−0.00.00.00.10.10.1
EBITDA $B−0.00.10.10.10.1−0.00.10.10.10.10.1
Income tax $B0.00.1−0.00.00.0−0.00.0−0.00.00.00.0
Net income $B−0.1−0.00.00.00.0−0.10.00.00.10.10.1
Free cash flow $B0.00.00.1−0.00.1−0.00.10.10.10.00.1
EPS, diluted $−1.70−1.201.070.730.43−1.490.400.721.361.822.12
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————————
ROE %−14.0−8.98.66.03.7−12.93.66.811.413.418.7
Shares out B0.040.040.040.040.040.040.040.040.04◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Eight checks were skipped: EPS is not tagged before 2015. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectronic Components, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsOctober 2
Data on record since2014

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