Varex Imaging (VREX) Net Margin (2016 - 2026)
Varex Imaging (VREX) posted Net Margin of 7.46% for fiscal Q3 2026 (quarter ended Jul 3, 2026), up 51.35 percentage points from -43.89% a year earlier and up 11.21 percentage points from the prior quarter.
Varex Imaging (VREX) Net Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jul 3, 2026, Net Margin at Varex Imaging was 2.55%, up 18.82 percentage points year-over-year; for FY2025 (ended Oct 3, 2025), it was -8.32%, down 2.31 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -0.48 percentage points (FY2020 to FY2025).
- In prior fiscal years, Varex Imaging's Net Margin was -6.02% in FY2024 (-11.32 pp), 5.31% in FY2023 (+1.78 pp), 3.53% in FY2022 (+1.40 pp) and 2.13% in FY2021 (+9.97 pp).
- The fiscal Q3 2026 figure stands as the highest quarterly Net Margin since fiscal Q4 2023.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of -0.58 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q3 2026, with a gain of 51.35 percentage points; the weakest was fiscal Q3 2025, with a drop of 44.56 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was -3.75% (Q2 2026), 1.10% (Q1 2026) and 5.33% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 13.89% |
| 10 | Varex Imaging | 778.05 Mn | 323.75 Mn | 76.70 Mn | 7.46% |
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 7.46% |
| Apr 3, 2026 | -3.75% |
| Jan 2, 2026 | 1.10% |
| Oct 3, 2025 | 5.33% |
| Jul 4, 2025 | -43.89% |
| Apr 4, 2025 | 3.24% |
| Jan 3, 2025 | -0.15% |
| Sep 27, 2024 | -24.84% |
| Jun 28, 2024 | 0.67% |
| Mar 29, 2024 | 0.68% |
| Dec 29, 2023 | -0.26% |
| Sep 29, 2023 | 13.68% |
| Jun 30, 2023 | 3.92% |
| Mar 31, 2023 | 1.80% |
| Dec 30, 2022 | 1.51% |
| Sep 30, 2022 | 5.66% |
| Jul 1, 2022 | 3.82% |
| Apr 1, 2022 | 3.54% |
| Dec 31, 2021 | 0.70% |
| Oct 1, 2021 | 3.84% |
Varex Imaging Net 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=net-margin&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();