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| Date | Value |
|---|---|
| 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% |