Varex Imaging (VREX) Gross Margin (2016 - 2026)
Varex Imaging (VREX) posted quarterly Gross Margin of 33.61% for Q2 2026, down 242.0% year-over-year from 23.67% in Q2 2025, and up 0.93% quarter-over-quarter from 33.3% in Q1 2026.
Varex Imaging (VREX) Gross Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Gross Margin for 11 consecutive years, with 33.61% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 242.0% year-over-year to 33.61%; the TTM figure through Apr 2026 stood at 33.55% (down 19.0% YoY), while the FY2025 annual figure was 34.39%, up 272.0% from the prior year.
- Gross Margin advanced to 33.61% in Q2 2026 per VREX's latest filing, from 33.3% in the prior quarter.
- Across five years, Gross Margin topped out at 36.03% in Q2 2025 and bottomed at 30.05% in Q4 2023.
- Historically, Gross Margin has averaged 32.96% across 5 years, with a median of 32.98% in 2022.
- Annual changes were most pronounced in 2025 — Gross Margin jumped 423 bps — and 2026, when it sank 242 bps.
- Varex Imaging's Gross Margin stood at 30.79% in 2022, then slipped by 2 bps to 30.05% in 2023, then grew by 9 bps to 32.62% in 2024, then increased by 4 bps to 33.99% in 2025, then decreased by 1 bps to 33.61% in 2026.
- Business Quant data shows VREX's Gross Margin at 33.61% in Q2 2026, 33.3% in Q1 2026, and 33.99% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.51 Bn | 194.91 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 129.96 Bn | 126.48 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 120.18 Bn | 110.96 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 74.28 Bn | 73.74 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 52.75 Bn | 48.50 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.67 Bn | 32.73 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 34.23 Bn | 32.12 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.14 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.30 Bn | 22.82 Bn | 684.20 Mn | 45.84% |
| 10 | Varex Imaging | 777.17 Mn | 677.97 Mn | 76.70 Mn | 36.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 36.44% |
| Apr 3, 2026 | 33.61% |
| Jan 2, 2026 | 33.30% |
| Oct 3, 2025 | 33.99% |
| Jul 4, 2025 | 33.25% |
| Apr 4, 2025 | 36.03% |
| Jan 3, 2025 | 34.28% |
| Sep 27, 2024 | 32.62% |
| Jun 28, 2024 | 31.99% |
| Mar 29, 2024 | 31.91% |
| Dec 29, 2023 | 30.05% |
| Sep 29, 2023 | 34.30% |
| Jun 30, 2023 | 32.86% |
| Mar 31, 2023 | 31.86% |
| Dec 30, 2022 | 30.79% |
| Sep 30, 2022 | 32.20% |
| Jul 1, 2022 | 34.22% |
| Apr 1, 2022 | 32.98% |
| Dec 31, 2021 | 32.60% |
| Oct 1, 2021 | 33.41% |