The company's components are used by X-ray imaging system manufacturers globally to detect, diagnose, and protect. Varex has operations across North America, Latin America, Europe, the Middle East, India, Africa, Asia, and Australia. The company generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA), with the rest from the Americas and Asia Pacific.
Cyborg Score Rationale
2025 revenue was $844.6M (up 4.1% YoY) with a market cap of $569.4M, but net income declined 47.4% YoY with a net profit margin of -41.5%. The company posted a 12-month EPS of -$1.70. Strong market position in critical X-ray components is offset by significant profitability challenges.
Top Insights
Market leader in independent X-ray imaging component supply with diversified Medical and Industrial segments across 75+ years of industry heritage
Significant profitability decline in 2025 with net income down 47.4% YoY despite modest 4.1% revenue growth, indicating operational challenges and margin pressure
Global distribution through OEMs, service companies, and direct end-user channels across EMEA-dominant geographic footprint
Exposure to tariff and policy uncertainty noted by credit agencies; stock declined 17% recently, suggesting investor concern about near-term execution and macro headwinds