Stock Fundamentals

Company Information

Company Name
Varex Imaging Corp
Sector
Healthcare
Industry
Medical Devices
Exchange
NASDAQ
ISIN: US92214X1063
CIK: 0001681622
CUSIP: 92214X106
Currency: USD
Full Time Employees: 2,450
Phone: 801 972 5000
Fiscal Year End: September
IPO Date: Jan 20, 2017
Description:

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. This segment's products are used in a range of applications, including CT, mammography, oncology, cardiac, surgery, dental, and other diagnostic radiography uses. The Industrial segment designs, develops, manufactures, sells, and services Linatron X-ray linear accelerators, non-intrusive cargo inspection systems, X-ray tubes, digital detectors, high voltage connectors, and coolers for use in security and inspection applications, such as baggage screening at airports, cargo screening at ports and borders, and nondestructive testing, irradiation, and inspection in various applications. It sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, the Middle East, India, Africa, Asia, and Australia. The company was incorporated in 2016 and is headquartered in Salt Lake City, Utah.

Address:

1678 S. Pioneer Road, Salt Lake City, UT, United States, 84104

Directors & Officers

Name Title Year Born
Mr. Sunny S. Sanyal President, CEO & Director 1964
Mr. Shubham Maheshwari CFO & Principal Accounting Officer 1971
Ms. Kimberley E. Honeysett J.D. Advisor 1970
Mr. Mark S. Jonaitis Senior VP & GM of X-Ray Sources 1962
Mr. Andrew J. Hartmann Senior VP & GM of X-Ray Detectors 1963
Mr. Christopher John Belfiore Director of Investor Relations NA
Mr. Matthew Martinez Chief Legal Officer & Corporate Secretary 1982
Mr. Wouter Vlaanderen VP of Global Marketing and GM of Connect & Control NA
Ms. Karen Aranki Chief Human Resources Officer 1975
Mr. Victor Garcia Senior Vice President of Regulatory & Quality Compliance NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Mar 20, 2026 Jay K Kunkel N/A Sale 4.51K $11.14 $50.24K
Jun 18, 2025 Jay K Kunkel N/A Sale 2.58K $7.77 $20.01K

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Pzena Investment Management, LLC 3.99M Mar 31, 2026 9.47% $0.14 0.07%
BlackRock Inc 3.82M Mar 31, 2026 9.06% $0.00 -3.19%
Vanguard Group Inc 3.00M Dec 31, 2025 7.12% $0.00 0.35%
Allspring Global Investments Holdings, LLC 2.65M Mar 31, 2026 6.28% $0.05 -0.40%
Neuberger Berman Group LLC 1.92M Mar 31, 2026 4.57% $0.02 29.58%
Vanguard Capital Management, LLC 1.82M Mar 31, 2026 4.32% $0.00 0.00%
LSV Asset Management 1.76M Mar 31, 2026 4.18% $0.04 41.61%
Dimensional Fund Advisors, Inc. 1.56M Mar 31, 2026 3.70% $0.00 -11.74%
Cooke & Bieler LP 1.30M Mar 31, 2026 3.09% $0.16 -20.18%
Rice Hall James & Associates, LLC 1.27M Mar 31, 2026 3.02% $0.75 17.72%
Medina Singh Partners, LLC 1.24M Mar 31, 2026 2.95% $2.76 0.00%
Frontier Capital Management CO Inc 1.15M Mar 31, 2026 2.73% $0.13 -11.94%
Acadian Asset Management LLC 1.14M Mar 31, 2026 2.71% $0.02 922.68%
State Street Corp 1.07M Mar 31, 2026 2.53% $0.00 5.87%
Geode Capital Management, LLC 1.04M Mar 31, 2026 2.47% $0.00 4.42%
D. E. Shaw & Co LP 935.83K Mar 31, 2026 2.22% $0.01 -9.47%
Vanguard Portfolio Management, LLC 920.61K Mar 31, 2026 2.18% $0.00 0.00%
Charles Schwab Investment Management Inc 801.08K Mar 31, 2026 1.90% $0.00 -3.69%
Royce & Associates, LP 765.11K Mar 31, 2026 1.82% $0.08 13.50%
AQR Capital Management LLC 627.10K Mar 31, 2026 1.49% $0.00 9.73%

Shares Statistics

Shares Outstanding: 42.15M
Shares Float: 41.40M
% Insiders: 166.20%
% Institutions: 10,129.60%
Short % Float: 3.15%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Allspring Special Small Cap Value A 1.88M 4.45% ▼ 1.32% Apr 30, 2026
2 Vanguard Total Stock Mkt Idx Inv 1.30M 3.09% ▲ 0.00% Apr 30, 2026
3 iShares Russell 2000 ETF 1.01M 2.39% ▲ 0.93% May 29, 2026
4 Neuberger Intrinsic Value I 508.76K 1.21% ▲ 0.00% Apr 30, 2026
5 Vanguard Institutional Extnd Mkt Idx Tr 476.81K 1.13% ▲ 0.62% Apr 30, 2026
6 Fidelity Enhanced Small Cap Core ETF 420.68K 1.00% ▲ 0.25% May 29, 2026
7 Fidelity Small Cap Index 407.46K 0.97% ▲ 1.84% Mar 31, 2026
8 Brighthouse Small Cap Value A 404.56K 0.96% ▲ 3.75% Mar 31, 2026
9 Royce Small-Cap Opportunity Invmt 389.99K 0.93% ▲ 7.62% Mar 31, 2026
10 DFA US Small Cap Value I 383.66K 0.91% ▲ 0.00% Apr 30, 2026

Valuation Metrics

Enterprise Value: $752.93M
Trailing P/E: 0.00
Forward P/E: 12.02

Financial Highlights

Market Cap: $465.30M
EBITDA: $89.70M
PEG Ratio: $6.30
Book Value: $11.38
Earnings/Share: $-2.00
Profit Margin: -9.64%
Operating Margin: 6.67%
ROA (TTM): 3.20%
ROE (TTM): -15.68%
Revenue (TTM): $857.50M
Revenue/Share (TTM): $20.54
Earnings Growth (YOY): 453.40%
Revenue Growth (YOY): 1.50%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-09-30 3.43x 0.79x 0.56x -0.78x 106.37x
2024-09-30 3.32x 0.84x 0.55x 1.03x 7.11x
2023-09-30 4.04x 0.79x 0.54x 2.63x 4.71x
2022-09-30 3.52x 0.78x 0.54x 2.15x 3.66x
2021-09-30 3.33x 0.91x 0.57x 1.71x 4.22x
2020-09-30 3.25x 1.02x 0.59x -1.07x -53.06x
2019-09-30 2.51x 0.89x 0.56x 0.39x 4.71x
2018-09-30 3.00x 0.91x 0.56x 2.05x 4.35x
2017-09-30 3.26x 1.28x 0.62x 6.80x 4.36x
2016-09-30 4.63x 0.00x 0.14x 57.42x 0.00x
2015-09-30 4.02x 0.00x 0.15x 106.25x 0.01x
2014-09-30 3.93x 0.00x 0.17x 195.56x 0.00x
2013-09-30 N/A N/A N/A 422.00x 0.00x

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