VREX vs GEHC Stock Comparison

Varex Imaging and GE HealthCare Technologies Prices as of Oct 26, 2026 Peers: Industry group
VREX Varex Imaging Corp
$18.41 -0.2% 1M +53.5% 1Y
Market cap
$776.11M
P/E
35.1x
Revenue (TTM)
$865.00M
Div. yield
–
Diagnostic Equipment Healthcare
1 win

Head to Head

10 decided of 12

GE HealthCare Technologies leads on 9 of the 12 questions below (GE HealthCare Technologies 9, Varex Imaging 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVREXGEHCLeader
Larger companyMarket capitalisation $776.11M $31.90B GEHC
Cheaper on earningsLower P/E, profitable companies only 35.1x 16.1x GEHC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.2x 14.1x GEHC
Faster revenue growthRevenue growth, trailing twelve months +5.3% +6.5% GEHC
More profitableNet margin, trailing twelve months 2.6% 9.3% GEHC
Better return on capitalReturn on invested capital 6.9% 10.1% GEHC
Less leveragedLower net debt / EBITDA 2.5x 2.4x GEHC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +53.5% -7.9% VREX
Better 5-year returnAnnualised price return, 5 years -7.0%/yr — –
Less volatileAnnualised volatility, 1 year 57.6% 34.9% GEHC
Higher overall scoreMean of the five percentile scores vs peers 51/100 54/100 GEHC

Percentile Scorecard

VREXGEHC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisVREXGEHC
Valuation 87 #31 of 228 87 #30 of 228
Growth 23 #170 of 221 23 #171 of 221
Profitability 66 #71 of 208 77 #48 of 208
Financial Health 41 #141 of 239 27 #175 of 239
Shareholder Returns 36 #88 of 137 57 #60 of 137
Overall 51 54
  • VREX ranked among 248 companies in Medical Devices and Diagnostics
  • GEHC ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodVREXGEHCSPY
1 month -0.2%+8.0% -0.8%
3 months +67.7%+17.8% +3.5%
6 months +44.8%+2.1% +7.0%
Year to date +58.0%-12.2% +12.2%
1 year +53.5%-7.9% +13.0%
3 years +6.4%+14.1% +86.3%
3 years, per year +2.1%+4.5% +23.1%
5 years -30.3%— +68.6%
5 years, per year -7.0%— +11.0%

Risk

MeasureVREXGEHCSPY
Volatility, 1Y 57.6%34.9% 12.7%
Downside volatility, 1Y 50.0%36.0% 12.7%
Beta vs S&P 500, 1Y 1.110.68 1.00
Return / volatility, 1Y 0.93-0.23 1.02
Max drawdown, 5Y -78.8%-37.4% -25.4%
From 52-week high -0.9%-18.4% -1.8%
52-week high $18.58$88.16 $779.14
52-week low $9.32$59.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleVREXGEHC
P/E now vs peer median 35.1xmedian 30.6x 16.4xmedian 30.6x
P/S now vs peer median 0.9xmedian 3.0x 1.5xmedian 3.0x
EV/EBITDA now vs peer median 10.1xmedian 17.5x 12.1xmedian 17.5x
P/FCF now vs peer median -38.4xmedian 23.3x 20.6xmedian 23.3x
P/B now vs peer median 1.5xmedian 2.4x 3.0xmedian 2.4x
PEG now vs peer median -9.15median 0.87 2.45median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsVREXGEHC
Revenue $865.00M $21.27B
Gross profit $296.90M $8.41B
Operating income $72.20M $2.73B
Net income $22.40M $2.05B
Free cash flow -$20.20M $1.58B
R&D $91.40M $1.28B
EPS (diluted) $0.52 $4.37
Cash & equivalents $99.20M $2.11B
Total debt $347.10M $10.09B
Shares (diluted) 42.60M 454.00M
Enterprise value $307.91M $18.96B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricVREXGEHC
P/E 35.1x 16.4x
P/FCF -38.4x 20.6x
P/Operating cash flow 68.7x 15.5x
P/S 0.9x 1.5x
P/B 1.5x 3.0x
P/Tangible book 1.6x 3.6x
EV/EBITDA 10.1x 12.1x
EV/EBIT 14.2x 14.8x
EV/Revenue 1.2x 1.9x
EV/FCF -50.7x 25.6x
EV/Operating cash flow 90.6x 19.3x
PEG (3Y EPS CAGR) -9.15 2.45

Growth

14 metrics
MetricVREXGEHC
Revenue growth (1Y) 5.3% 6.5%
Revenue CAGR (3Y) -1.2% 3.8%
Gross profit growth (1Y) 6.1% 1.3%
Gross profit CAGR (3Y) 1.2% 3.7%
Operating income growth (1Y) 297.8% -0.9%
Operating income CAGR (3Y) -2.3% 2.9%
Net income growth (1Y) 116.7% -11.5%
Net income CAGR (3Y) -9.2% 2.9%
EPS growth (1Y) 116.1% -10.6%
EPS CAGR (3Y) -3.8% 6.7%
Operating cash flow growth (1Y) -81.1% 5.1%
Operating cash flow CAGR (3Y) -47.6% 0.2%
Free cash flow growth (1Y) -155.5% 0.6%
Free cash flow CAGR (3Y) -33.5% -2.8%

Profitability

14 metrics
MetricVREXGEHC
Gross margin 34.3% 39.5%
EBITDA margin 11.7% 15.7%
Operating margin 8.3% 12.9%
Pretax margin 3.2% 12.5%
Net margin 2.6% 9.3%
FCF margin -2.3% 7.4%
Operating cash flow margin 1.3% 9.9%
Return on equity 4.5% 18.9%
Return on assets 2.1% 5.5%
Return on invested capital 6.9% 10.1%
Return on capital employed 8.0% 9.5%
Asset turnover 0.8x 0.6x
Cash conversion (OCF / net income) 0.5x 1.0x
Stock comp / revenue 1.7% 0.7%

Financial Health

11 metrics
MetricVREXGEHC
Debt / assets 31.6% 27.1%
Debt / equity 0.7x 0.9x
Net debt / EBITDA 2.5x 2.4x
Debt / FCF -17.2x 6.4x
Liabilities / assets 53.6% 70.5%
Equity / assets 46.4% 29.5%
Interest coverage 1.9x 6.4x
Current ratio 3.4x 1.3x
Quick ratio 1.3x 0.9x
Cash ratio 0.5x 0.3x
Altman Z-score 2.28 1.86

Shareholder Returns

7 metrics
MetricVREXGEHC
Dividend yield – 0.2%
Net buyback yield -0.4% 1.2%
Shareholder yield -0.4% 1.4%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusVREXGEHC
Forward P/E 21.2xFY2026 14.1xFY2026
EPS, next fiscal year $0.87FY2026 $5.09FY2026
EPS growth, next FY -3.3%FY2026 +10.9%FY2026
EPS growth, the year after +14.9% -0.6%
Revenue, next fiscal year $829.68MFY2026 $22.47BFY2026
Revenue growth, next FY -1.8%FY2026 +8.9%FY2026
Revenue growth, the year after +2.3% +7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVREXGEHC
Held by institutions 95.2% 87.0%
Institutions holding 186 1,221
Change in shares held, QoQ -2.7% +1.7%
Institutions buying 98 538
Institutions selling 58 461
Buyers to sellers 1.69 1.17

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

VREXGEHC
VREX 1.00 0.26
GEHC 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, VREX and GEHC?

GE HealthCare Technologies (GEHC) is the largest by market capitalisation: Varex Imaging (VREX) $776.11M, GE HealthCare Technologies (GEHC) $31.90B.

Which stock is cheaper, VREX and GEHC?

GE HealthCare Technologies (GEHC) trades on the lowest price-to-earnings ratio (Varex Imaging (VREX) 35.1x, GE HealthCare Technologies (GEHC) 16.1x). On next year's consensus earnings, GE HealthCare Technologies (GEHC) is cheapest (Varex Imaging (VREX) 21.2x, GE HealthCare Technologies (GEHC) 14.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

GE HealthCare Technologies (GEHC) grew revenue fastest over the trailing twelve months: Varex Imaging (VREX) +5.3%, GE HealthCare Technologies (GEHC) +6.5%.

Which company is more profitable?

GE HealthCare Technologies (GEHC) has the highest net margin (Varex Imaging (VREX) 2.6%, GE HealthCare Technologies (GEHC) 9.3%). On return on invested capital, GE HealthCare Technologies (GEHC) leads (Varex Imaging (VREX) 6.9%, GE HealthCare Technologies (GEHC) 10.1%).

Which stock has performed better?

Over the past year Varex Imaging (VREX) returned the most: Varex Imaging (VREX) +53.5%, GE HealthCare Technologies (GEHC) -7.9%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, GE HealthCare Technologies (GEHC) has been the steadiest (Varex Imaging (VREX) 57.6%, GE HealthCare Technologies (GEHC) 34.9%). Volatility measures how widely the price swings, not the risk of the business.

Do VREX and GEHC move together?

Their daily returns over the past year have a correlation of 0.26, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, VREX and GEHC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, GE HealthCare Technologies (GEHC) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.