Varex Imaging (VREX) Return on Invested Capital [ROIC] (2017 - 2026)
Varex Imaging (VREX) posted Return on Invested Capital [ROIC] of 6.93% for fiscal Q3 2026 (quarter ended Jul 3, 2026), up 10.65 percentage points from -3.72% a year earlier and up 10.62 percentage points from the prior quarter.
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Analysis
Varex Imaging (VREX) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025 (ended Oct 3, 2025), Varex Imaging's Return on Invested Capital [ROIC] came in at -3.02%, down 3.02 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of 0.00 percentage points (FY2020 to FY2025).
- In prior fiscal years, Varex Imaging's Return on Invested Capital [ROIC] was 0.00% in FY2024 (-7.80 pp), 7.80% in FY2023 (+1.34 pp), 6.47% in FY2022 (+1.46 pp) and 5.01% in FY2021 (+8.03 pp).
- The fiscal Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since fiscal Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -3.43 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q3 2026, with a gain of 10.65 percentage points; the weakest was fiscal Q3 2025, with a drop of 8.13 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was -3.70% (Q2 2026), -2.76% (Q1 2026) and -3.29% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | Varex Imaging | 778.05 Mn | 323.75 Mn | 76.70 Mn | 6.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 6.93% |
| Apr 3, 2026 | -3.70% |
| Jan 2, 2026 | -2.76% |
| Oct 3, 2025 | -3.29% |
| Jul 4, 2025 | -3.72% |
| Apr 4, 2025 | 0.00% |
| Jan 3, 2025 | 0.00% |
| Sep 27, 2024 | 0.00% |
| Jun 28, 2024 | 4.41% |
| Mar 29, 2024 | 5.88% |
| Dec 29, 2023 | 6.68% |
| Sep 29, 2023 | 7.69% |
| Jun 30, 2023 | 5.31% |
| Mar 31, 2023 | 5.59% |
| Dec 30, 2022 | 6.30% |
| Sep 30, 2022 | 6.43% |
| Jul 1, 2022 | 5.64% |
| Apr 1, 2022 | 6.38% |
| Dec 31, 2021 | 6.17% |
| Oct 1, 2021 | 4.94% |
API Access
Varex Imaging Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "VREX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();