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Stocks · Technology · Electronic Components, NEC

Varex Imaging Corp

VREX Clue Score25
United States Fiscal year ends October CIK 0001681622
$18.46 -0.05% Close, 9 Oct 2026
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Price $18.46 −30.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 20 Jan 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue698.1Operating income83.7Net income51.6EPS, diluted1.36Fiscal year 2018Revenue773.4 +10.8%Operating income44.5Net income27.5 −46.7%EPS, diluted0.72 −47.1%Fiscal year 2019Revenue780.6 +0.9%Operating income45.7Net income15.5 −43.6%EPS, diluted0.40 −44.4%Fiscal year 2020Revenue738.3 −5.4%Operating income−33.7Net income−57.9 −473.5%EPS, diluted−1.49 −472.5%Fiscal year 2021Revenue818.1 +10.8%Operating income74.1Net income17.4EPS, diluted0.43Fiscal year 2022Revenue859.4 +5.0%Operating income88.2Net income30.3 +74.1%EPS, diluted0.73 +69.8%Fiscal year 2023Revenue893.4 +4.0%Operating income77.1Net income47.4 +56.4%EPS, diluted1.07 +46.6%Fiscal year 2024Revenue811.0 −9.2%Operating income32.1Net income−48.8 −203.0%EPS, diluted−1.20 −212.1%Fiscal year 2025Revenue844.6 +4.1%Operating income−27.8Net income−70.3EPS, diluted−1.70
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 698.1 773.4 780.6 738.3 818.1 859.4 893.4 811.0 844.6
Growth +10.8% +0.9% −5.4% +10.8% +5.0% +4.0% −9.2% +4.1%
Operating income 83.7 44.5 45.7 −33.7 74.1 88.2 77.1 32.1 −27.8
Net income 51.6 27.5 15.5 −57.9 17.4 30.3 47.4 −48.8 −70.3
Growth −46.7% −43.6% −473.5% +74.1% +56.4% −203.0%
EPS, diluted 1.36 0.72 0.40 −1.49 0.43 0.73 1.07 −1.20 −1.70
Growth −47.1% −44.4% −472.5% +69.8% +46.6% −212.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin36.3%Operating margin12.0%Net margin7.4%Free cash flow margin7.9%Fiscal year 2018Gross margin32.8%Operating margin5.8%Net margin3.6%Free cash flow margin8.4%Fiscal year 2019Gross margin32.9%Operating margin5.9%Net margin2.0%Free cash flow margin6.7%Fiscal year 2020Gross margin25.8%Operating margin−4.6%Net margin−7.8%Free cash flow margin−1.4%Fiscal year 2021Gross margin33.2%Operating margin9.1%Net margin2.1%Free cash flow margin9.5%Fiscal year 2022Gross margin33.0%Operating margin10.3%Net margin3.5%Free cash flow margin−0.5%Fiscal year 2023Gross margin32.5%Operating margin8.6%Net margin5.3%Free cash flow margin9.8%Fiscal year 2024Gross margin31.7%Operating margin4.0%Net margin−6.0%Free cash flow margin2.5%Fiscal year 2025Gross margin34.4%Operating margin−3.3%Net margin−8.3%Free cash flow margin2.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 36.3% 32.8% 32.9% 25.8% 33.2% 33.0% 32.5% 31.7% 34.4%
Operating margin 12.0% 5.8% 5.9% −4.6% 9.1% 10.3% 8.6% 4.0% −3.3%
Net margin 7.4% 3.6% 2.0% −7.8% 2.1% 3.5% 5.3% −6.0% −8.3%
Free cash flow margin 7.9% 8.4% 6.7% −1.4% 9.5% −0.5% 9.8% 2.5% 2.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow75.2Capital expenditure−20.2Free cash flow55.0Fiscal year 2018Operating cash flow85.3Capital expenditure−20.4Free cash flow64.9 +18.0%Fiscal year 2019Operating cash flow71.9Capital expenditure−19.8Free cash flow52.1 −19.7%Fiscal year 2020Operating cash flow13.2Capital expenditure−23.5Free cash flow−10.3 −119.8%Fiscal year 2021Operating cash flow92.6Capital expenditure−15.1Free cash flow77.5Fiscal year 2022Operating cash flow16.9Capital expenditure−21.3Free cash flow−4.4 −105.7%Fiscal year 2023Operating cash flow108.4Capital expenditure−20.7Free cash flow87.7Fiscal year 2024Operating cash flow47.3Capital expenditure−26.9Free cash flow20.4 −76.7%Fiscal year 2025Operating cash flow41.7Capital expenditure−22.9Free cash flow18.8 −7.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 75.2 85.3 71.9 13.2 92.6 16.9 108.4 47.3 41.7
Capital expenditure −20.2 −20.4 −19.8 −23.5 −15.1 −21.3 −20.7 −26.9 −22.9
Free cash flow 55.0 64.9 52.1 −10.3 77.5 −4.4 87.7 20.4 18.8
Growth +18.0% −19.7% −119.8% −105.7% −76.7% −7.8%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash83.3Total debt483.9Net cash (debt)−400.6Shareholders’ equity379.0Debt to equity1.28Fiscal year 2018Cash51.9Total debt389.8Net cash (debt)−337.9Shareholders’ equity426.2Debt to equity0.91Fiscal year 2019Cash29.9Total debt395.1Net cash (debt)−365.2Shareholders’ equity444.9Debt to equity0.89Fiscal year 2020Cash100.6Total debt455.3Net cash (debt)−354.7Shareholders’ equity451.7Debt to equity1.01Fiscal year 2021Cash144.6Total debt434.5Net cash (debt)−289.9Shareholders’ equity483.3Debt to equity0.90Fiscal year 2022Cash89.4Total debt414.4Net cash (debt)−325.0Shareholders’ equity533.4Debt to equity0.78Fiscal year 2023Cash152.6Total debt442.6Net cash (debt)−290.0Shareholders’ equity567.7Debt to equity0.78Fiscal year 2024Cash168.7Total debt443.4Net cash (debt)−274.7Shareholders’ equity529.1Debt to equity0.84Fiscal year 2025Cash145.0Total debt367.5Net cash (debt)−222.5Shareholders’ equity472.6Debt to equity0.78
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 83.3 51.9 29.9 100.6 144.6 89.4 152.6 168.7 145.0
Total debt 483.9 389.8 395.1 455.3 434.5 414.4 442.6 443.4 367.5
Net cash (debt) −400.6 −337.9 −365.2 −354.7 −289.9 −325.0 −290.0 −274.7 −222.5
Shareholders’ equity 379.0 426.2 444.9 451.7 483.3 533.4 567.7 529.1 472.6
Debt to equity 1.28 0.91 0.89 1.01 0.90 0.78 0.78 0.84 0.78

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Sep 2017 FY2018 28 Sep 2018 FY2019 27 Sep 2019 FY2020 2 Oct 2020 FY2021 1 Oct 2021 FY2022 30 Sep 2022 FY2023 29 Sep 2023 FY2024 27 Sep 2024 FY2025 3 Oct 2025
Assets
83.3 51.9 29.9 100.6 144.6 89.4 152.6 168.7 145.0
163.6 154.0 141.0 123.8 155.3 173.3 163.6 157.7 156.6
234.5 235.1 248.2 271.9 224.8 303.2 277.5 264.8 299.4
148.3 144.9 142.3 n/a n/a n/a n/a n/a n/a
241.9 243.6 290.8 293.1 292.2 284.5 288.5 291.0 198.4
1,040.1 987.9 1,038.9 1,139.5 1,147.5 1,184.4 1,249.6 1,213.6 1,107.4
Growth −5.0% +5.2% +9.7% +0.7% +3.2% +5.5% −2.9% −8.8%
Liabilities
20.0 25.0 30.7 2.5 2.8 2.1 1.5 46.3 1.5
463.9 364.8 364.4 452.8 431.7 412.3 441.1 397.1 366.0
calc 483.9 389.8 395.1 455.3 434.5 414.4 442.6 443.4 367.5
649.9 548.5 580.2 673.7 651.0 637.7 668.6 670.4 620.8
Equity
35.1 62.4 74.4 16.1 33.5 63.8 118.1 64.4 −5.9
379.0 426.2 444.9 451.7 483.3 533.4 567.7 529.1 472.6
Growth +12.5% +4.4% +1.5% +7.0% +10.4% +6.4% −6.8% −10.7%
Per share and net cash
calc −400.6 −337.9 −365.2 −354.7 −289.9 −325.0 −290.0 −274.7 −222.5
37.6 38.0 38.4 39.1 39.4 40.1 40.5 41.1 41.7
calc 10.07 11.21 11.59 11.56 12.26 13.31 14.01 12.88 11.34

Lines marked calc are worked out here from filed figures; point at one for how.