Varex Imaging (VREX) Gross Margin (2016 - 2026)
Varex Imaging's Gross Margin came in at 36.44% for fiscal Q3 2026 (quarter ended Jul 3, 2026), up 3.19 percentage points from 33.25% a year earlier and up 2.83 percentage points from the prior quarter.
Varex Imaging (VREX) Gross Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 3, 2026, Varex Imaging reported Gross Margin of 34.32%, up 0.26 percentage points year-over-year; for FY2025 (ended Oct 3, 2025), it came in at 34.39%, up 2.72 percentage points from FY2024.
- Gross Margin carries a five-year change of +8.63 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Gross Margin was 31.68% in FY2024 (-0.82 pp), 32.49% in FY2023 (-0.49 pp), 32.99% in FY2022 (-0.20 pp) and 33.19% in FY2021 (+7.42 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Gross Margin since fiscal Q2 2017.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +1.13 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q4 2021 (a gain of 6.82 percentage points), and the weakest in fiscal Q2 2026 (a drop of 2.42 percentage points).
- Business Quant data shows VREX's Gross Margin at 33.61% (Q2 2026), 33.30% (Q1 2026) and 33.99% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 77.46% |
| 10 | Varex Imaging | 778.05 Mn | 323.75 Mn | 76.70 Mn | 36.44% |
Historic 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% |
Varex Imaging Gross 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=gross-margin&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();