Varex Imaging (VREX) Gross Margin (2016 - 2026)

Varex Imaging's (VREX) quarterly Gross Margin came in at 33.61% in Q2 2026, down 242.0% year-on-year from 23.67% in Q2 2025, and up 0.93% on a QoQ basis from 33.3% in Q1 2026.

Varex Imaging (VREX) Gross Margin (2016 - 2026) Analysis & Trends

Varex Imaging (VREX) has 11 years of Gross Margin data on file, last reported at 33.61% in Q2 2026.

  • On a quarterly basis, Gross Margin fell 242.0% year-over-year to 33.61% in Q2 2026; TTM through Apr 2026 was 33.55%, a 19.0% decrease from a year earlier, with the FY2025 full-year figure at 34.39%, up 272.0% from the prior year.
  • Gross Margin for Q2 2026 stood at 33.61%, up from 33.3% in the prior quarter.
  • Over the last five years, Gross Margin for VREX reached as high as 36.03% in Q2 2025 and fell as low as 30.05% in Q4 2023.
  • Historically, Gross Margin has averaged 32.96% across 5 years, with a median of 32.98% in 2022.
  • Across the five-year window, Gross Margin surged 423 bps in 2025 and tumbled 242 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 30.79% in 2022, then declined by 2 bps to 30.05% in 2023, then rose by 9 bps to 32.62% in 2024, then gained by 4 bps to 33.99% in 2025, then dropped by 1 bps to 33.61% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 33.61% in Q2 2026, 33.3% in Q1 2026, and 33.99% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Abbott Laboratories 183.26 Bn 175.96 Bn 6.27 Bn 56.20%
2 Stryker 128.79 Bn 125.92 Bn 3.81 Bn 63.29%
3 Medtronic 108.56 Bn 99.34 Bn 6.41 Bn 65.35%
4 Boston Scientific 68.31 Bn 66.86 Bn 3.61 Bn 69.46%
5 Edwards Lifesciences 47.27 Bn 43.60 Bn 1.29 Bn 78.01%
6 Dexcom 28.42 Bn 27.31 Bn 750.30 Mn 62.95%
7 GE HealthCare Technologies 28.40 Bn 26.12 Bn 1.98 Bn 38.53%
8 Smith & Nephew 26.95 Bn 26.37 Bn - -
9 Koninklijke Philips 25.52 Bn 22.40 Bn 2.07 Bn 45.22%
10 Varex Imaging 472.08 Mn 383.78 Mn 72.60 Mn 33.61%

Historic Data

Download Data
DateValue
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%
Jul 2, 2021 35.09%