Varex Imaging (VREX) Operating Margin (2016 - 2026)
Varex Imaging (VREX) reported Operating Margin of 6.67% for Q2 2026, down 371.0% year-over-year from 2.46% in Q2 2025, and down 9.26% quarter-over-quarter from 7.35% in Q1 2026.
Varex Imaging (VREX) Operating Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has 11 years of Operating Margin data on file, last reported at 6.67% in Q2 2026.
- Operating Margin for Q2 2026 came in at 6.67%, down 371.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 3.65% (down 1012.0% YoY), and the FY2025 annual result was 3.29%, down 725.0% from the prior year.
- Operating Margin slipped to 6.67% in Q2 2026 per VREX's latest filing, from 7.35% in the prior quarter.
- Over five years, Operating Margin peaked at 12.39% in Q2 2022 and troughed at 39.75% in Q3 2025.
- A 5-year average of 4.85% and a median of 6.84% in 2023 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 665 bps in 2025 and fell as far as 4420 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 6.32% in 2022, then plunged by 65 bps to 2.21% in 2023, then soared by 140 bps to 5.3% in 2024, then jumped by 62 bps to 8.56% in 2025, then dropped by 22 bps to 6.67% in 2026.
- Business Quant data shows VREX's Operating Margin at 6.67% in Q2 2026, 7.35% in Q1 2026, and 8.56% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 12.05% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 15.55% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 16.24% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 21.16% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 28.97% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 6.17% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 21.42% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 10.04% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 19.94% |
| 10 | Varex Imaging | 441.84 Mn | 367.44 Mn | 72.60 Mn | 6.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 6.67% |
| Jan 2, 2026 | 7.35% |
| Oct 3, 2025 | 8.56% |
| Jul 4, 2025 | -39.75% |
| Apr 4, 2025 | 10.38% |
| Jan 3, 2025 | 5.61% |
| Sep 27, 2024 | 5.30% |
| Jun 28, 2024 | 4.45% |
| Mar 29, 2024 | 3.73% |
| Dec 29, 2023 | 2.21% |
| Sep 29, 2023 | 10.69% |
| Jun 30, 2023 | 10.42% |
| Mar 31, 2023 | 6.84% |
| Dec 30, 2022 | 6.32% |
| Sep 30, 2022 | 10.63% |
| Jul 1, 2022 | 10.72% |
| Apr 1, 2022 | 12.39% |
| Dec 31, 2021 | 7.04% |
| Oct 1, 2021 | 11.71% |
| Jul 2, 2021 | 12.17% |