Varex Imaging (VREX) Asset Utilization Ratio (2016 - 2026)
Varex Imaging's (VREX) Asset Utilization Ratio stood at 0.79 in fiscal Q3 2026 (quarter ended Jul 3, 2026), up 16.9% from 0.68 a year earlier and up 0.8% from the prior quarter.
Powered by 
Analysis
Varex Imaging (VREX) Asset Utilization Ratio (2016 - 2026) Analysis & Trends
For FY2025 (ended Oct 3, 2025), Varex Imaging's Asset Utilization Ratio came in at 0.73, up 10.5% from FY2024.
- Across earlier fiscal years, Asset Utilization Ratio came in at 0.66 in FY2024 (-10.3%), 0.73 in FY2023 (-0.4%), 0.74 in FY2022 (+3.0%) and 0.72 in FY2021 (+5.5%).
- The fiscal Q3 2026 figure is the highest quarterly Asset Utilization Ratio since fiscal Q2 2019.
- On a year-over-year basis, Asset Utilization Ratio has increased for five consecutive quarters, with growth averaging 7.0% over the last eight quarters.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 27.4% in fiscal Q2 2026, against a decline of 11.0% in fiscal Q3 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.78 (Q2 2026), 0.77 (Q1 2026) and 0.77 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 0.41 |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 0.42 |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 0.54 |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 0.40 |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 0.55 |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 0.47 |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 0.48 |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 0.46 |
| 10 | Varex Imaging | 777.63 Mn | 323.33 Mn | 76.70 Mn | 0.79 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 0.79 |
| Apr 3, 2026 | 0.78 |
| Jan 2, 2026 | 0.77 |
| Oct 3, 2025 | 0.77 |
| Jul 4, 2025 | 0.68 |
| Apr 4, 2025 | 0.62 |
| Jan 3, 2025 | 0.64 |
| Sep 27, 2024 | 0.66 |
| Jun 28, 2024 | 0.66 |
| Mar 29, 2024 | 0.69 |
| Dec 29, 2023 | 0.70 |
| Sep 29, 2023 | 0.73 |
| Jun 30, 2023 | 0.75 |
| Mar 31, 2023 | 0.74 |
| Dec 30, 2022 | 0.73 |
| Sep 30, 2022 | 0.73 |
| Jul 1, 2022 | 0.74 |
| Apr 1, 2022 | 0.75 |
| Dec 31, 2021 | 0.73 |
| Oct 1, 2021 | 0.71 |
API Access
Varex Imaging Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "VREX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();