Varex Imaging (VREX) Operating Margin (2016 - 2026)
Varex Imaging's (VREX) quarterly Operating Margin came in at 10.83% in Q3 2026, up 5059.0% year-over-year from 0.21% in Q3 2025, and up 62.47% quarter-over-quarter from 6.67% in Q2 2026.
Analysis
Varex Imaging (VREX) Operating Margin (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Operating Margin for 11 consecutive years, with 10.83% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Margin rose 5059.0% year-over-year to 10.83% in Q3 2026; TTM through Jul 2026 was 8.35%, a 1279.0% increase from a year earlier, with the FY2025 full-year figure at 3.29%, down 725.0% from the prior year.
- Operating Margin was 10.83% for Q3 2026 at Varex Imaging, up from 6.67% 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 5.19% and a median of 7.09% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 4420 bps in 2025 and surged 5059 bps in 2026, its largest moves.
- Over 5 years, Operating Margin stood at 6.32% in 2022, then sank by 65 bps to 2.21% in 2023, then surged by 140 bps to 5.3% in 2024, then soared by 62 bps to 8.56% in 2025, then increased by 26 bps to 10.83% in 2026.
- The last three Operating Margin figures came in at 10.83% (Q3 2026), 6.67% (Q2 2026), and 7.35% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.83 Bn | 27.72 Bn | 2.18 Bn | 13.96% |
| 2 | Lantheus Holdings | 6.58 Bn | 5.99 Bn | 241.86 Mn | 25.82% |
| 3 | Heartflow | 4.12 Bn | 3.74 Bn | 53.19 Mn | -27.93% |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | 1.38% |
| 5 | Butterfly Network | 1.99 Bn | 1.86 Bn | 23.29 Mn | -41.90% |
| 6 | Ceribell | 924.18 Mn | 794.92 Mn | 25.94 Mn | -71.11% |
| 7 | QuidelOrtho | 887.56 Mn | 764.16 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 10.83% |
| 9 | Prenetics Global | 338.23 Mn | 279.18 Mn | 30.20 Mn | -45.13% |
| 10 | CapsoVision | 320.10 Mn | 311.02 Mn | 1.87 Mn | -208.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 10.83% |
| 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% |