Medical - Devices
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VREX vs NNOX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
VREX vs NNOX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Devices | Medical - Devices |
| Market Cap | $496M | $115M |
| Revenue (TTM) | $858M | $12M |
| Net Income (TTM) | $-83M | $-56M |
| Gross Margin | 33.6% | -98.8% |
| Operating Margin | -3.7% | -469.7% |
| Forward P/E | 13.9x | — |
| Total Debt | $402M | $7M |
| Cash & Equiv. | $145M | $39M |
VREX vs NNOX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 20 | May 26 | Return |
|---|---|---|---|
| Varex Imaging Corpo… (VREX) | 100 | 70.9 | -29.1% |
| Nano-X Imaging Ltd. (NNOX) | 100 | 3.9 | -96.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VREX vs NNOX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
VREX carries the broadest edge in this set and is the clearest fit for long-term compounding.
- -58.0% 10Y total return vs NNOX's -96.1%
- -9.6% margin vs NNOX's -452.8%
- +44.8% vs NNOX's -64.4%
NNOX is the clearest fit if your priority is income & stability and growth exposure.
- beta 1.86
- Rev growth 13.9%, EPS growth 15.7%, 3Y rev CAGR 105.3%
- Lower volatility, beta 1.86, Low D/E 3.9%, current ratio 5.63x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.9% revenue growth vs VREX's 4.1% | |
| Quality / Margins | -9.6% margin vs NNOX's -452.8% | |
| Stability / Safety | Beta 1.86 vs VREX's 1.87, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +44.8% vs NNOX's -64.4% | |
| Efficiency (ROA) | -7.6% ROA vs NNOX's -31.6%, ROIC -2.6% vs -27.9% |
VREX vs NNOX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
VREX vs NNOX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
VREX leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VREX is the larger business by revenue, generating $858M annually — 69.7x NNOX's $12M. Profitability is closely matched — net margins range from -9.6% (VREX) to -4.5% (NNOX). On growth, NNOX holds the edge at +13.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $858M | $12M |
| EBITDAEarnings before interest/tax | -$18M | -$46M |
| Net IncomeAfter-tax profit | -$83M | -$56M |
| Free Cash FlowCash after capex | -$31M | -$47M |
| Gross MarginGross profit ÷ Revenue | +33.6% | -98.8% |
| Operating MarginEBIT ÷ Revenue | -3.7% | -4.7% |
| Net MarginNet income ÷ Revenue | -9.6% | -4.5% |
| FCF MarginFCF ÷ Revenue | -3.6% | -3.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.5% | +13.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.5% | +8.7% |
Valuation Metrics
VREX leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $496M | $115M |
| Enterprise ValueMkt cap + debt − cash | $753M | $83M |
| Trailing P/EPrice ÷ TTM EPS | -6.96x | -1.93x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.92x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.59x | 10.20x |
| Price / BookPrice ÷ Book value/share | 1.01x | 0.55x |
| Price / FCFMarket cap ÷ FCF | 26.38x | — |
Profitability & Efficiency
VREX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
VREX delivers a -17.1% return on equity — every $100 of shareholder capital generates $-17 in annual profit, vs $-36 for NNOX. NNOX carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to VREX's 0.83x. On the Piotroski fundamental quality scale (0–9), VREX scores 6/9 vs NNOX's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -17.1% | -35.5% |
| ROA (TTM)Return on assets | -7.6% | -31.6% |
| ROICReturn on invested capital | -2.6% | -27.9% |
| ROCEReturn on capital employed | -2.9% | -28.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.83x | 0.04x |
| Net DebtTotal debt minus cash | $257M | -$32M |
| Cash & Equiv.Liquid assets | $145M | $39M |
| Total DebtShort + long-term debt | $402M | $7M |
| Interest CoverageEBIT ÷ Interest expense | -4.94x | -379.29x |
Total Returns (Dividends Reinvested)
VREX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VREX five years ago would be worth $4,825 today (with dividends reinvested), compared to $605 for NNOX. Over the past 12 months, VREX leads with a +44.8% total return vs NNOX's -64.4%. The 3-year compound annual growth rate (CAGR) favors VREX at -18.7% vs NNOX's -52.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.5% | -37.8% |
| 1-Year ReturnPast 12 months | +44.8% | -64.4% |
| 3-Year ReturnCumulative with dividends | -46.3% | -89.2% |
| 5-Year ReturnCumulative with dividends | -51.8% | -93.9% |
| 10-Year ReturnCumulative with dividends | -58.0% | -96.1% |
| CAGR (3Y)Annualised 3-year return | -18.7% | -52.4% |
Risk & Volatility
Evenly matched — VREX and NNOX each lead in 1 of 2 comparable metrics.
Risk & Volatility
NNOX is the less volatile stock with a 1.86 beta — it tends to amplify market swings less than VREX's 1.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VREX currently trades 81.2% from its 52-week high vs NNOX's 30.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.87x | 1.86x |
| 52-Week HighHighest price in past year | $14.56 | $5.86 |
| 52-Week LowLowest price in past year | $6.76 | $1.66 |
| % of 52W HighCurrent price vs 52-week peak | +81.2% | +30.0% |
| RSI (14)Momentum oscillator 0–100 | 56.6 | 38.5 |
| Avg Volume (50D)Average daily shares traded | 261K | 1.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates VREX as "Buy" and NNOX as "Buy". Consensus price targets imply 922.7% upside for NNOX (target: $18) vs 22.6% for VREX (target: $15).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $14.50 | $18.00 |
| # AnalystsCovering analysts | 6 | 5 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
VREX leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
VREX vs NNOX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is VREX or NNOX a better buy right now?
For growth investors, Nano-X Imaging Ltd.
(NNOX) is the stronger pick with 13. 9% revenue growth year-over-year, versus 4. 1% for Varex Imaging Corporation (VREX). Analysts rate Varex Imaging Corporation (VREX) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — VREX or NNOX?
Over the past 5 years, Varex Imaging Corporation (VREX) delivered a total return of -51.
8%, compared to -93. 9% for Nano-X Imaging Ltd. (NNOX). Over 10 years, the gap is even starker: VREX returned -58. 0% versus NNOX's -96. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — VREX or NNOX?
By beta (market sensitivity over 5 years), Nano-X Imaging Ltd.
(NNOX) is the lower-risk stock at 1. 86β versus Varex Imaging Corporation's 1. 87β — meaning VREX is approximately 1% more volatile than NNOX relative to the S&P 500. On balance sheet safety, Nano-X Imaging Ltd. (NNOX) carries a lower debt/equity ratio of 4% versus 83% for Varex Imaging Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — VREX or NNOX?
By revenue growth (latest reported year), Nano-X Imaging Ltd.
(NNOX) is pulling ahead at 13. 9% versus 4. 1% for Varex Imaging Corporation (VREX). On earnings-per-share growth, the picture is similar: Nano-X Imaging Ltd. grew EPS 15. 7% year-over-year, compared to -45. 3% for Varex Imaging Corporation. Over a 3-year CAGR, NNOX leads at 105. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — VREX or NNOX?
Varex Imaging Corporation (VREX) is the more profitable company, earning -8.
3% net margin versus -474. 3% for Nano-X Imaging Ltd. — meaning it keeps -8. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VREX leads at -3. 3% versus -502. 9% for NNOX. At the gross margin level — before operating expenses — VREX leads at 34. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is VREX or NNOX more undervalued right now?
Analyst consensus price targets imply the most upside for NNOX: 922.
7% to $18. 00.
07Which pays a better dividend — VREX or NNOX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is VREX or NNOX better for a retirement portfolio?
For long-horizon retirement investors, Varex Imaging Corporation (VREX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.
Nano-X Imaging Ltd. (NNOX) carries a higher beta of 1. 86 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (VREX: -58. 0%, NNOX: -96. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between VREX and NNOX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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