Varex Imaging (VREX) EBITDA Margin (2016 - 2026)
Varex Imaging's EBITDA Margin came in at 14.16% for fiscal Q3 2026 (quarter ended Jul 3, 2026), up 50.56 percentage points from -36.40% a year earlier and up 4.34 percentage points from the prior quarter.
Varex Imaging (VREX) EBITDA Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 3, 2026, Varex Imaging reported EBITDA Margin of 11.50%, up 12.65 percentage points year-over-year; for FY2025 (ended Oct 3, 2025), it came in at -0.07%, down 7.86 percentage points from FY2024.
- EBITDA Margin has declined in each of the last three fiscal years, with a five-year change of -0.86 percentage points (FY2020 to FY2025).
- Going back by fiscal year, EBITDA Margin was 7.79% in FY2024 (-4.55 pp), 12.35% in FY2023 (-1.83 pp), 14.17% in FY2022 (+0.56 pp) and 13.62% in FY2021 (+12.83 pp).
- The fiscal Q3 2026 figure represents the highest quarterly EBITDA Margin since fiscal Q4 2023.
- Year-over-year, EBITDA Margin increased in five of the last eight quarters, with an average year-over-year change of +1.11 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in fiscal Q3 2026 (a gain of 50.56 percentage points), and the weakest in fiscal Q3 2025 (a drop of 44.20 percentage points).
- Business Quant data shows VREX's EBITDA Margin at 9.81% (Q2 2026), 10.59% (Q1 2026) and 11.49% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 24.20% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 21.86% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 28.51% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 41.08% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 29.67% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 28.17% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 24.62% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 31.93% |
| 10 | Varex Imaging | 778.05 Mn | 323.75 Mn | 76.70 Mn | 14.16% |
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 14.16% |
| Apr 3, 2026 | 9.81% |
| Jan 2, 2026 | 10.59% |
| Oct 3, 2025 | 11.49% |
| Jul 4, 2025 | -36.40% |
| Apr 4, 2025 | 13.48% |
| Jan 3, 2025 | 9.16% |
| Sep 27, 2024 | 8.51% |
| Jun 28, 2024 | 7.80% |
| Mar 29, 2024 | 8.00% |
| Dec 29, 2023 | 6.79% |
| Sep 29, 2023 | 14.56% |
| Jun 30, 2023 | 14.00% |
| Mar 31, 2023 | 10.39% |
| Dec 30, 2022 | 10.21% |
| Sep 30, 2022 | 14.13% |
| Jul 1, 2022 | 14.64% |
| Apr 1, 2022 | 16.35% |
| Dec 31, 2021 | 11.37% |
| Oct 1, 2021 | 15.73% |
Varex Imaging EBITDA Margin 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=ebitda-margin&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();