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Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components, including X-ray tubes, digital detectors and accessories, generators, and heat exchangers among other products. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors, high-voltage connectors, and coolers. Geographically, the company generates maximum revenue from Europe, Middle East, and Africa (EMEA) and the rest from the Americas and Asia Pacific region.
2016
2.3K+
LTM Revenue $804M
LTM EBITDA $95.5M
$686M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Varex Imaging has a last 12-month revenue (LTM) of $804M and a last 12-month EBITDA of $95.5M.
In the most recent fiscal year, Varex Imaging achieved revenue of $811M and an EBITDA of $62.9M.
Varex Imaging expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Varex Imaging valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $804M | XXX | $811M | XXX | XXX | XXX |
| Gross Profit | $267M | XXX | $257M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $95.5M | XXX | $62.9M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 8% | XXX | XXX | XXX |
| EBIT | $50.0M | XXX | $32.1M | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | -$11.0M | XXX | -$47.7M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | -6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $275M | XXX | XXX | XXX |
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As of May 30, 2025, Varex Imaging's stock price is $8.
Varex Imaging has current market cap of $318M, and EV of $686M.
See Varex Imaging trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $686M | $318M | XXX | XXX | XXX | XXX | $0.45 |
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Start Free TrialAs of May 30, 2025, Varex Imaging has market cap of $318M and EV of $686M.
Varex Imaging's trades at 0.8x EV/Revenue multiple, and 9.5x EV/EBITDA.
Equity research analysts estimate Varex Imaging's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Varex Imaging has a P/E ratio of -29.0x.
See valuation multiples for Varex Imaging and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $318M | XXX | $318M | XXX | XXX | XXX |
| EV (current) | $686M | XXX | $686M | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 13.7x | XXX | 18.1x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | -29.0x | XXX | -9.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 9.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialVarex Imaging's last 12 month revenue growth is 2%
Varex Imaging's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Varex Imaging's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Varex Imaging's rule of X is 18% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Varex Imaging and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 12% | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Philips | XXX | XXX | XXX | XXX | XXX | XXX |
| Perspective Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| SmartVest | XXX | XXX | XXX | XXX | XXX | XXX |
| InfuSystem | XXX | XXX | XXX | XXX | XXX | XXX |
| Myomo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Varex Imaging acquired XXX companies to date.
Last acquisition by Varex Imaging was XXXXXXXX, XXXXX XXXXX XXXXXX . Varex Imaging acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Varex Imaging founded? | Varex Imaging was founded in 2016. |
| Where is Varex Imaging headquartered? | Varex Imaging is headquartered in United States of America. |
| How many employees does Varex Imaging have? | As of today, Varex Imaging has 2.3K+ employees. |
| Who is the CEO of Varex Imaging? | Varex Imaging's CEO is Mr. Sunny S. Sanyal. |
| Is Varex Imaging publicy listed? | Yes, Varex Imaging is a public company listed on NAS. |
| What is the stock symbol of Varex Imaging? | Varex Imaging trades under VREX ticker. |
| When did Varex Imaging go public? | Varex Imaging went public in 2017. |
| Who are competitors of Varex Imaging? | Similar companies to Varex Imaging include e.g. Philips, Perspective Therapeutics, SmartVest, InfuSystem. |
| What is the current market cap of Varex Imaging? | Varex Imaging's current market cap is $318M |
| What is the current revenue of Varex Imaging? | Varex Imaging's last 12 months revenue is $804M. |
| What is the current revenue growth of Varex Imaging? | Varex Imaging revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Varex Imaging? | Current revenue multiple of Varex Imaging is 0.9x. |
| Is Varex Imaging profitable? | Yes, Varex Imaging is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Varex Imaging? | Varex Imaging's last 12 months EBITDA is $95.5M. |
| What is Varex Imaging's EBITDA margin? | Varex Imaging's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Varex Imaging? | Current EBITDA multiple of Varex Imaging is 7.2x. |
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