Varex Imaging (VREX) Net Margin (2016 - 2026)
Varex Imaging's (VREX) quarterly Net Margin came in at 3.7% in Q2 2026, down 704.0% year-on-year from 0.61% in Q2 2025, and down 423.46% on a QoQ basis from 1.15% in Q1 2026.
Varex Imaging (VREX) Net Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has 11 years of Net Margin data on file, last reported at 3.7% in Q2 2026.
- On a quarterly basis, Net Margin fell 704.0% year-over-year to 3.7% in Q2 2026; TTM through Apr 2026 was 9.62%, a 449.0% decrease from a year earlier, with the FY2025 full-year figure at 8.28%, down 232.0% from the prior year.
- Net Margin for Q2 2026 stood at 3.7%, down from 1.15% in the prior quarter.
- Over the last five years, Net Margin for VREX reached as high as 13.72% in Q3 2023 and fell as low as 43.89% in Q3 2025.
- Historically, Net Margin has averaged 1.59% across 5 years, with a median of 1.56% in 2022.
- On a YoY basis, Net Margin climbed as much as 3012 bps in 2025 and fell as far as 4461 bps in 2025.
- Year by year, Net Margin stood at 1.56% in 2022, then plunged by 114 bps to 0.21% in 2023, then tumbled by 11677 bps to 24.79% in 2024, then jumped by 121 bps to 5.33% in 2025, then sank by 169 bps to 3.7% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 3.7% in Q2 2026, 1.15% in Q1 2026, and 5.33% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 9.65% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.38% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 12.84% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 25.77% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | - |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 16.74% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 3.87% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 8.01% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Varex Imaging | 450.24 Mn | 375.84 Mn | 72.60 Mn | -3.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | -3.70% |
| Jan 2, 2026 | 1.15% |
| Oct 3, 2025 | 5.33% |
| Jul 4, 2025 | -43.89% |
| Apr 4, 2025 | 3.33% |
| Jan 3, 2025 | -0.05% |
| Sep 27, 2024 | -24.79% |
| Jun 28, 2024 | 0.72% |
| Mar 29, 2024 | 0.78% |
| Dec 29, 2023 | -0.21% |
| Sep 29, 2023 | 13.72% |
| Jun 30, 2023 | 3.96% |
| Mar 31, 2023 | 1.88% |
| Dec 30, 2022 | 1.56% |
| Sep 30, 2022 | 5.70% |
| Jul 1, 2022 | 3.92% |
| Apr 1, 2022 | 3.54% |
| Dec 31, 2021 | 0.80% |
| Oct 1, 2021 | 3.89% |
| Jul 2, 2021 | 5.78% |