Varex Imaging (VREX) Net Margin (2016 - 2026)
Varex Imaging (VREX) posted quarterly Net Margin of 3.7% for Q2 2026, down 704.0% year-over-year from 0.61% in Q2 2025, and down 423.46% quarter-over-quarter from 1.15% in Q1 2026.
Varex Imaging (VREX) Net Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Net Margin for 11 consecutive years, with 3.7% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 704.0% year-over-year to 3.7%; the TTM figure through Apr 2026 stood at 9.62% (down 449.0% YoY), while the FY2025 annual figure was 8.28%, down 232.0% from the prior year.
- Net Margin slipped to 3.7% in Q2 2026 per VREX's latest filing, from 1.15% in the prior quarter.
- Across five years, Net Margin topped out at 13.72% in Q3 2023 and bottomed at 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.
- Varex Imaging's 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 surged by 121 bps to 5.33% in 2025, then sank by 169 bps to 3.7% in 2026.
- Business Quant data shows VREX's Net Margin at 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 | 200.19 Bn | 194.59 Bn | 7.27 Bn | 7.37% |
| 2 | Stryker | 129.95 Bn | 126.47 Bn | 4.50 Bn | 19.37% |
| 3 | Medtronic | 120.06 Bn | 110.84 Bn | 6.41 Bn | 12.84% |
| 4 | Boston Scientific | 74.14 Bn | 73.60 Bn | 3.85 Bn | 16.67% |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 13.87% |
| 6 | Dexcom | 34.60 Bn | 32.65 Bn | 830.00 Mn | 19.04% |
| 7 | GE HealthCare Technologies | 34.20 Bn | 32.10 Bn | 2.18 Bn | 10.84% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.13 Bn | 4.55 Bn | 6.47% |
| 9 | Steris | 23.25 Bn | 22.77 Bn | 684.20 Mn | 13.47% |
| 10 | Varex Imaging | 777.17 Mn | 677.97 Mn | 76.70 Mn | 7.55% |
Historic Data
Download 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% |