Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $620M | $698M | $773M | $781M | $738M | $818M | $859M | $893M | $811M | $845M |
| Revenue growth | — | 12.6% | 10.8% | 0.9% | -5.4% | 10.8% | 5.0% | 4.0% | -9.2% | 4.1% |
| Gross profit | $248M | $254M | $254M | $257M | $190M | $272M | $284M | $290M | $257M | $291M |
| Gross margin | 40.1% | 36.3% | 32.8% | 32.9% | 25.8% | 33.2% | 33.0% | 32.5% | 31.7% | 34.4% |
| Operating income | $109M | $83.7M | $44.5M | $45.7M | -$33.7M | $74.1M | $88.2M | $77.1M | $32.1M | -$27.8M |
| Operating margin | 17.6% | 12.0% | 5.8% | 5.9% | -4.6% | 9.1% | 10.3% | 8.6% | 4.0% | -3.3% |
| Net income | $68.5M | $51.6M | $27.5M | $15.5M | -$57.9M | $17.4M | $30.3M | $47.4M | -$48.8M | -$70.3M |
| Net margin | 11.0% | 7.4% | 3.6% | 2.0% | -7.8% | 2.1% | 3.5% | 5.3% | -6.0% | -8.3% |
| EPS (diluted) | $1.82 | $1.36 | $0.72 | $0.40 | -$1.49 | $0.43 | $0.73 | $1.07 | -$1.20 | -$1.70 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.2M | $75.2M | $85.3M | $71.9M | $13.2M | $92.6M | $16.9M | $108M | $47.3M | $41.7M |
| Capital expenditures | $28.9M | $20.2M | $20.4M | $19.8M | $23.5M | $15.1M | $21.3M | $20.7M | $26.9M | $22.9M |
| Free cash flow | $45.3M | $55.0M | $64.9M | $52.1M | -$10.3M | $77.5M | -$4.40M | $87.7M | $20.4M | $18.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $36.5M | $83.3M | $51.9M | $29.9M | $101M | $145M | $89.4M | $153M | $169M | $145M |
| Total assets | $622M | $1.04B | $988M | $1.04B | $1.14B | $1.15B | $1.18B | $1.25B | $1.21B | $1.11B |
| Total liabilities | $86.1M | $650M | $549M | $580M | $674M | $651M | $638M | $669M | $670M | $621M |
| Long-term debt | $0.00 | $464M | $365M | $364M | $453M | $432M | $412M | $441M | $397M | $366M |
| Shareholders' equity | $526M | $379M | $426M | $445M | $452M | $483M | $533M | $568M | $529M | $473M |
| Retained earnings | — | $35.1M | $62.4M | $74.4M | $16.1M | $33.5M | $63.8M | $118M | $64.4M | -$5.90M |
| Shares (wtd avg diluted) | 37.7M | 38.0M | 38.4M | 38.6M | 38.8M | 40.3M | 41.6M | 50.3M | 40.8M | 41.4M |
Every figure is extracted from Varex Imaging Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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