VREX

Varex Imaging Corp Information Technology Electronic Components, NEC Russell 3000
$18.43Close $768.3MMarket cap $9.32 – $18.5852-week range Nov 17, 2026Next report

Highlights

Strengths

  • Leading the market RS 93 · stronger than 93% of stocks over 12 months
  • Near its high 1% below its 52-week high

Cautions

  • Trend not confirmed 7 of 8 conditions · under the 50-day

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Oct 3, 2025 · filed Aug 10, 2026
Off 12-month high 1%
1wk up 0.1% price change
1mo down 0.1% price change
12-month return up 56% market up 11% · its own up 42%
F-score 6 / 9 Mixed
Altman Z 1.91 Moderate risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 1.6× price / book
Earnings yield down 2.8% EBIT / enterprise value
Cheaper than 46% of the market · around average
Revenue growth up 4% year on year
EPS growth — latest quarter
Sales growth up 4% latest quarter · +2 pts
ROE down 14% return on equity
Free cash margin up 2% $18.8M FCF
D/E 0.77 long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • profitability slipped from last year
  • issued more shares
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • gross margin widened
  • assets working harder

Repair signals

  • Long-term debt down 8% ($0.4B → $0.4B)
  • Gross margin 31.7% → 34.4%
  • Revenue reaccelerating (-9% then +4%)

Trade setup

ATR% 0.3% $0.06 a day · 2×ATR $18.31
RS 93 / 99 vs the universe
Trend 7 / 8 under the 50-day
Relative volume 0.7× vs 50-day average
Up/down volume 0.85 50 sessions
Implied move — no option chain · report Nov 17, 2026
Trend template · 7 of 8
  • Price above the 50-day average: fails

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Aug 10, 2026
Results reaction Aug 10, 2026+50% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $844.6M +4% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $738.3M FY2021 · $818.1M FY2022 · $859.4M FY2023 · $893.4M FY2024 · $811.0M FY2025 · $844.6M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$70.3M
-$100M $0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$57.9M FY2021 · $17.4M FY2022 · $30.3M FY2023 · $47.4M FY2024 · -$48.8M FY2025 · -$70.3M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $18.8M -8% on FY2024
-$20M $0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$10.3M FY2021 · $77.5M FY2022 · -$4.4M FY2023 · $87.7M FY2024 · $20.4M FY2025 · $18.8M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 34%
  • Net -8%
  • Free cash 2%
-10% 0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 26% · Net -8% · Free cash -1% FY2021 · Gross 33% · Net 2% · Free cash 9% FY2022 · Gross 33% · Net 4% · Free cash -1% FY2023 · Gross 32% · Net 5% · Free cash 10% FY2024 · Gross 32% · Net -6% · Free cash 3% FY2025 · Gross 34% · Net -8% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $221.0M net debt
  • Cash
  • Long-term debt
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $100.6M · Long-term debt $452.8M FY2021 · Cash $144.6M · Long-term debt $431.7M FY2022 · Cash $89.4M · Long-term debt $412.3M FY2023 · Cash $152.6M · Long-term debt $441.1M FY2024 · Cash $168.7M · Long-term debt $397.1M FY2025 · Cash $145.0M · Long-term debt $366.0M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 41.69m +6.7% since FY2020
41.69m 39.06m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 39.06m FY2021 · 39.44m FY2022 · 40.09m FY2023 · 40.53m FY2024 · 41.09m FY2025 · 41.69m
  FY2020Oct 2, 2020 FY2021Oct 1, 2021 FY2022Sep 30, 2022 FY2023Sep 29, 2023 FY2024Sep 27, 2024 FY2025Oct 3, 2025
Revenue $738.3M $818.1M $859.4M $893.4M $811.0M $844.6M
Gross margin 26% 33% 33% 32% 32% 34%
Operating income -$33.7M $74.1M $88.2M $77.1M $32.1M -$27.8M
Net income -$57.9M $17.4M $30.3M $47.4M -$48.8M -$70.3M
Net margin -8% 2% 4% 5% -6% -8%
Earnings per share -$1.49 $0.43 $0.73 $0.94 -$1.20 -$1.70
Free cash flow -$10.3M $77.5M -$4.4M $87.7M $20.4M $18.8M
Free cash margin -1% 9% -1% 10% 3% 2%
Cash $100.6M $144.6M $89.4M $152.6M $168.7M $145.0M
Long-term debt $452.8M $431.7M $412.3M $441.1M $397.1M $366.0M
Shareholders' equity $451.7M $483.3M $533.4M $567.7M $529.1M $472.6M
Shares outstanding 39.06m 39.44m 40.09m 40.53m 41.09m 41.69m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 10, 2026 Quarterly ↗ Jul 3, 2026 38d
May 7, 2026 Quarterly ↗ Apr 3, 2026 34d
Feb 10, 2026 Quarterly ↗ Jan 2, 2026 39d
Nov 18, 2025 Annual ↗ Oct 3, 2025 46d
Aug 7, 2025 Quarterly ↗ Jul 4, 2025 34d
May 8, 2025 Quarterly ↗ Apr 4, 2025 34d
Feb 6, 2025 Quarterly ↗ Jan 3, 2025 34d
Nov 19, 2024 Annual ↗ Sep 27, 2024 53d
Aug 1, 2024 Quarterly ↗ Jun 28, 2024 34d
May 2, 2024 Quarterly ↗ Mar 29, 2024 34d
Feb 6, 2024 Quarterly ↗ Dec 29, 2023 39d
Nov 16, 2023 Annual ↗ Sep 29, 2023 48d

Current reports