Varex Imaging (VREX) Net Margin (2016 - 2026)
Varex Imaging's (VREX) quarterly Net Margin came in at 7.55% in Q3 2026, up 5145.0% year-over-year from 0.14% in Q3 2025, and up 303.94% quarter-over-quarter from 3.7% in Q2 2026.
Analysis
Varex Imaging (VREX) Net Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Net Margin for 11 consecutive years, with 7.55% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Net Margin rose 5145.0% year-over-year to 7.55% in Q3 2026; TTM through Jul 2026 was 2.6%, a 1881.0% increase from a year earlier, with the FY2025 full-year figure at 8.28%, down 232.0% from the prior year.
- Net Margin was 7.55% for Q3 2026 at Varex Imaging, up from 3.7% in the prior quarter.
- Over five years, Net Margin peaked at 13.72% in Q3 2023 and troughed at 43.89% in Q3 2025.
- A 5-year average of 1.08% and a median of 1.72% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 4461 bps in 2025 and jumped 5145 bps in 2026, its largest moves.
- Over 5 years, 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 soared by 121 bps to 5.33% in 2025, then jumped by 42 bps to 7.55% in 2026.
- The last three Net Margin figures came in at 7.55% (Q3 2026), 3.7% (Q2 2026), and 1.15% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.83 Bn | 27.72 Bn | 2.18 Bn | 10.84% |
| 2 | Lantheus Holdings | 6.58 Bn | 5.99 Bn | 241.86 Mn | 19.33% |
| 3 | Heartflow | 4.12 Bn | 3.74 Bn | 53.19 Mn | -24.57% |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | -4.66% |
| 5 | Butterfly Network | 1.99 Bn | 1.86 Bn | 23.29 Mn | -39.59% |
| 6 | Ceribell | 924.18 Mn | 794.92 Mn | 25.94 Mn | -68.58% |
| 7 | QuidelOrtho | 887.56 Mn | 764.16 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 7.55% |
| 9 | Prenetics Global | 338.23 Mn | 279.18 Mn | 30.20 Mn | -19.15% |
| 10 | CapsoVision | 320.10 Mn | 311.02 Mn | 1.87 Mn | -205.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 7.55% |
| 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% |