Varex Imaging (VREX) Gross Margin (2016 - 2026)
Varex Imaging (VREX) reported Gross Margin of 33.61% for Q2 2026, down 242.0% year-over-year from 23.67% in Q2 2025, and up 0.93% on a QoQ basis from 33.3% in Q1 2026.
Varex Imaging (VREX) has 11 years of Gross Margin data on file, last reported at 33.61% in Q2 2026.
- Quarterly Gross Margin fell 242.0% year-over-year to 33.61% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 33.55% (down 19.0% YoY) and the FY2025 annual result came in at 34.39%, up 272.0% from the prior year.
- Gross Margin rose 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.
- The 5-year median for Gross Margin is 32.98% (2022), against an average of 32.96%.
- The widest annual swing landed in 2025, when Gross Margin surged 423 bps; it then tumbled 242 bps in 2026.
- Tracing VREX's Gross Margin over 5 years: stood at 30.79% in 2022, then fell by 2 bps to 30.05% in 2023, then climbed by 9 bps to 32.62% in 2024, then rose by 4 bps to 33.99% in 2025, then declined by 1 bps to 33.61% in 2026.
- Per Business Quant, the three latest VREX Gross Margin figures stand at 33.61% (Q2 2026), 33.3% (Q1 2026), and 33.99% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | Varex Imaging | 419.42 Mn | 345.02 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% |
| Apr 2, 2021 | 31.74% |
| Jan 1, 2021 | 32.30% |
| Oct 2, 2020 | 26.59% |
| Jul 3, 2020 | 15.36% |
| Apr 3, 2020 | 29.24% |
| Jan 3, 2020 | 30.53% |
| Sep 27, 2019 | 35.38% |
| Jun 28, 2019 | 30.86% |
| Mar 29, 2019 | 32.89% |
| Dec 28, 2018 | 32.31% |
| Sep 28, 2018 | 28.91% |
| Jun 29, 2018 | 32.95% |
| Mar 30, 2018 | 34.84% |
| Dec 29, 2017 | 34.90% |
| Sep 29, 2017 | 36.02% |
| Jun 30, 2017 | 34.98% |
| Mar 31, 2017 | 37.21% |
| Dec 30, 2016 | 37.36% |
| Sep 30, 2016 | 40.21% |
| Jul 1, 2016 | 41.61% |
| Apr 1, 2016 | 39.45% |
| Jan 1, 2016 | 38.90% |