VREX vs PHG vs NNOX Stock Comparison

Varex Imaging, Koninklijke Philips and Nano-X Imaging Prices as of Oct 26, 2026 Peers: Industry group
VREX Varex Imaging Corp
$18.41 -0.2% 1M +53.5% 1Y
Market cap
$776.53M
P/E
35.1x
Revenue (TTM)
$865.00M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins
PHG Koninklijke Philips Nv
$26.56 +6.4% 1M -7.9% 1Y
Market cap
$25.07B
P/E
13.6x
Revenue (TTM)
$20.60B
Div. yield
–
Diagnostic Equipment Healthcare
7 wins
NNOX Nano-X Imaging Ltd.
$0.34 -46.9% 1M -91.6% 1Y
Market cap
$20.76M
P/E
–
Revenue (TTM)
$15.63M
Div. yield
–
Diagnostic Equipment Healthcare
2 wins

Head to Head

11 decided of 12

Koninklijke Philips leads on 7 of the 12 questions below (Koninklijke Philips 7, Nano-X Imaging 2, Varex Imaging 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVREXPHGNNOXLeader
Larger companyMarket capitalisation $776.53M $25.07B $20.76M PHG
Cheaper on earningsLower P/E, profitable companies only 35.1x 13.6x -0.2x PHG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.2x 13.4x — PHG
Faster revenue growthRevenue growth, trailing twelve months +5.3% +6.1% +31.5% NNOX
More profitableNet margin, trailing twelve months 2.6% 8.9% -747.2% PHG
Better return on capitalReturn on invested capital 6.9% 11.5% -116.9% PHG
Less leveragedLower net debt / EBITDA 2.5x 1.8x 0.3x NNOX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +53.5% -7.9% -91.6% VREX
Better 5-year returnAnnualised price return, 5 years -7.0%/yr -10.8%/yr -56.6%/yr VREX
Less volatileAnnualised volatility, 1 year 57.6% 28.8% 105.9% PHG
Higher overall scoreMean of the five percentile scores vs peers 51/100 80/100 36/100 PHG

Percentile Scorecard

VREXPHGNNOX

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

AxisVREXPHGNNOX
Valuation 87 #31 of 228 98 #6 of 228 53 #107 of 228
Growth 23 #170 of 221 96 #11 of 221 10 #200 of 221
Profitability 66 #71 of 208 96 #10 of 208 10 #188 of 208
Financial Health 41 #141 of 239 31 #166 of 239 70 #72 of 239
Shareholder Returns 36 #88 of 137 79 #29 of 137 –
Overall 51 80 36
  • VREX ranked among 248 companies in Medical Devices and Diagnostics
  • PHG ranked among 248 companies in Medical Devices and Diagnostics
  • NNOX 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

PeriodVREXPHGNNOXSPY
1 month -0.2%+6.4%-46.9% -0.8%
3 months +67.7%+6.2%-61.8% +3.5%
6 months +44.8%-3.6%-81.7% +7.0%
Year to date +58.0%-1.9%-87.9% +12.2%
1 year +53.5%-7.9%-91.6% +13.0%
3 years +6.4%+43.6%-93.2% +86.3%
3 years, per year +2.1%+12.8%-59.3% +23.1%
5 years -30.3%-43.6%-98.5% +68.6%
5 years, per year -7.0%-10.8%-56.6% +11.0%
10 years —-11.6%— +258.0%
10 years, per year —-1.2%— +13.6%

Risk

MeasureVREXPHGNNOXSPY
Volatility, 1Y 57.6%28.8%105.9% 12.7%
Downside volatility, 1Y 50.0%28.8%116.4% 12.7%
Beta vs S&P 500, 1Y 1.110.811.38 1.00
Return / volatility, 1Y 0.93-0.27-0.87 1.02
Max drawdown, 5Y -78.8%-75.6%-98.7% -25.4%
From 52-week high -0.9%-19.3%-92.5% -1.8%
52-week high $18.58$32.91$4.55 $779.14
52-week low $9.32$23.81$0.34 $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.

MultipleVREXPHGNNOX
P/E now vs peer median 35.1xmedian 30.6x 13.7xmedian 30.6x -0.2xmedian 30.6x
P/S now vs peer median 0.9xmedian 3.0x 1.2xmedian 3.0x 1.5xmedian 3.0x
EV/EBITDA now vs peer median 10.1xmedian 17.5x 8.1xmedian 17.5x 0.0xmedian 17.5x
P/FCF now vs peer median -38.4xmedian 23.3x 5.9xmedian 23.3x -0.5xmedian 23.3x
P/B now vs peer median 1.5xmedian 2.4x 2.0xmedian 2.4x 0.3xmedian 2.4x
PEG now vs peer median -9.15median 0.87 0.32median 0.87 -0.08median 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 monthsVREXPHGNNOX
Revenue $865.00M $20.60B $15.63M
Gross profit $296.90M $16.03B -$52.76M
Operating income $72.20M $2.65B -$119.69M
Net income $22.40M $1.39B -$116.81M
Free cash flow -$20.20M $4.34B -$52.09M
R&D $91.40M $2.00B $18.93M
EPS (diluted) $0.52 $1.91 $-1.80
Cash & equivalents $99.20M $2.04B $31.02M
Total debt $347.10M $9.51B $12.50M
Shares (diluted) 42.60M 962.50M 64.79M
Enterprise value $308.33M $14.18B -$158.92M

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
MetricVREXPHGNNOX
P/E 35.1x 13.7x -0.2x
P/FCF -38.4x 5.9x -0.5x
P/Operating cash flow 68.7x 9.6x -0.5x
P/S 0.9x 1.2x 1.5x
P/B 1.5x 2.0x 0.3x
P/Tangible book 1.6x 2.5x 0.4x
EV/EBITDA 10.1x 8.1x 0.0x
EV/EBIT 14.2x 12.4x 0.0x
EV/Revenue 1.2x 1.6x -0.3x
EV/FCF -50.7x 7.6x 0.1x
EV/Operating cash flow 90.6x 12.4x 0.1x
PEG (3Y EPS CAGR) -9.15 0.32 -0.08

Growth

14 metrics
MetricVREXPHGNNOX
Revenue growth (1Y) 5.3% 6.1% 31.5%
Revenue CAGR (3Y) -1.2% 2.3% 17.7%
Gross profit growth (1Y) 6.1% 82.4% -340.0%
Gross profit CAGR (3Y) 1.2% 6.7% -101.8%
Operating income growth (1Y) 297.8% 121.3% -107.4%
Operating income CAGR (3Y) -2.3% 52.0% -5.0%
Net income growth (1Y) 116.7% 293.5% -109.9%
Net income CAGR (3Y) -9.2% 35.6% -4.9%
EPS growth (1Y) 116.1% 539.4% -90.0%
EPS CAGR (3Y) -3.8% 42.2% 2.3%
Operating cash flow growth (1Y) -81.1% 116.7% -21.9%
Operating cash flow CAGR (3Y) -47.6% 53.6% -2.7%
Free cash flow growth (1Y) -155.5% 54.2% -19.4%
Free cash flow CAGR (3Y) -33.5% 45.6% 1.3%

Profitability

14 metrics
MetricVREXPHGNNOX
Gross margin 34.3% 77.8% -337.5%
EBITDA margin 11.7% 19.8% -692.4%
Operating margin 8.3% 12.9% -765.6%
Pretax margin 3.2% 11.9% -758.5%
Net margin 2.6% 8.9% -747.2%
FCF margin -2.3% 21.1% -333.2%
Operating cash flow margin 1.3% 12.9% -298.7%
Return on equity 4.5% 12.7% -117.5%
Return on assets 2.1% 5.4% -98.6%
Return on invested capital 6.9% 11.5% -116.9%
Return on capital employed 8.0% 11.8% -114.2%
Asset turnover 0.8x 0.7x 0.1x
Cash conversion (OCF / net income) 0.5x 1.9x 0.4x
Stock comp / revenue 1.7% 0.7% 34.9%

Financial Health

11 metrics
MetricVREXPHGNNOX
Debt / assets 31.6% 31.2% 3.3%
Debt / equity 0.7x 0.7x 0.0x
Net debt / EBITDA 2.5x 1.8x 0.3x
Debt / FCF -17.2x 2.2x -0.1x
Liabilities / assets 53.6% 57.1% 20.5%
Equity / assets 46.4% 42.9% 79.5%
Interest coverage 1.9x 6.2x –
Current ratio 3.4x 1.3x 2.8x
Quick ratio 1.3x 0.7x 2.4x
Cash ratio 0.5x 0.2x 2.3x
Altman Z-score 2.28 – -11.03

Shareholder Returns

7 metrics
MetricVREXPHGNNOX
Dividend yield – 3.7% –
Net buyback yield -0.4% -0.5% –
Shareholder yield -0.4% 3.3% –
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.

ConsensusVREXPHGNNOX
Forward P/E 21.2xFY2026 13.4xFY2026 –
EPS, next fiscal year $0.87FY2026 $1.98FY2026 $-1.31FY2026
EPS growth, next FY -3.3%FY2026 +6.5%FY2026 –
EPS growth, the year after +14.9% -10.1% –
Revenue, next fiscal year $829.68MFY2026 $21.63BFY2026 $18.64MFY2026
Revenue growth, next FY -1.8%FY2026 +1.8%FY2026 +43.2%FY2026
Revenue growth, the year after +2.3% -8.2% +59.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVREXPHGNNOX
Held by institutions 95.2% 5.4% 14.9%
Institutions holding 186 363 102
Change in shares held, QoQ -2.7% +0.8% -46.0%
Institutions buying 98 266 55
Institutions selling 58 76 28
Buyers to sellers 1.69 3.50 1.96

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.

VREXPHGNNOX
VREX 1.00 0.29 0.14
PHG 0.29 1.00 0.08
NNOX 0.14 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, VREX, PHG and NNOX?

Koninklijke Philips (PHG) is the largest by market capitalisation: Varex Imaging (VREX) $776.53M, Koninklijke Philips (PHG) $25.07B, Nano-X Imaging (NNOX) $20.76M.

Which stock is cheaper, VREX, PHG and NNOX?

Koninklijke Philips (PHG) trades on the lowest price-to-earnings ratio (Varex Imaging (VREX) 35.1x, Koninklijke Philips (PHG) 13.6x, Nano-X Imaging (NNOX) -0.2x). On next year's consensus earnings, Koninklijke Philips (PHG) is cheapest (Varex Imaging (VREX) 21.2x, Koninklijke Philips (PHG) 13.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Nano-X Imaging (NNOX) grew revenue fastest over the trailing twelve months: Varex Imaging (VREX) +5.3%, Koninklijke Philips (PHG) +6.1%, Nano-X Imaging (NNOX) +31.5%.

Which company is more profitable?

Koninklijke Philips (PHG) has the highest net margin (Varex Imaging (VREX) 2.6%, Koninklijke Philips (PHG) 8.9%, Nano-X Imaging (NNOX) -747.2%). On return on invested capital, Koninklijke Philips (PHG) leads (Varex Imaging (VREX) 6.9%, Koninklijke Philips (PHG) 11.5%, Nano-X Imaging (NNOX) -116.9%).

Which stock has performed better?

Over the past year Varex Imaging (VREX) returned the most: Varex Imaging (VREX) +53.5%, Koninklijke Philips (PHG) -7.9%, Nano-X Imaging (NNOX) -91.6%. Over five years, Varex Imaging (VREX) compounded fastest (Varex Imaging (VREX) -7.0%/yr, Koninklijke Philips (PHG) -10.8%/yr, Nano-X Imaging (NNOX) -56.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Koninklijke Philips (PHG) has been the steadiest (Varex Imaging (VREX) 57.6%, Koninklijke Philips (PHG) 28.8%, Nano-X Imaging (NNOX) 105.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, VREX, PHG and NNOX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Koninklijke Philips (PHG) leads on 7. 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.