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Vertiv Holdings vs Varex Imaging: VRT and VREX compared
Vertiv Holdings is the larger company: $4.3B of revenue in its latest quarter (Q3 2026) against $210M for Varex Imaging (Q3 FY26). Vertiv Holdings is growing faster (+61% against +4% a year earlier). Vertiv Holdings is more profitable, with an operating margin of 22.8% against 10.8%.
Where the money goes: VRT and VREX
Vertiv Holdings (VRT) · Q3 2026
Vertiv Holdings, Q3 2026: revenue $4.3B (+61% year over year), operating margin 22.8%, net earnings $764M, operating cash flow $794M. The chart follows the revenue to costs, profit and cash.
Varex Imaging (VREX) · Q3 FY26
Varex Imaging, Q3 FY26: revenue $210M (+4% year over year), operating margin 10.8%, net earnings $15.9M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Vertiv Holdings (VRT) | Varex Imaging (VREX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $4.3B | $210M |
| Revenue growth, Y/Y | +61% | +4% |
| Gross margin | — | 36.4% |
| Operating margin | 22.8% | 10.8% |
| Net earnings | $764M | $15.9M |
| Net margin | 17.7% | 7.6% |
| Operating cash flow | $794M | $21.0M |
| Free cash flow | $652M | $12.0M |
| Market value | $71.8B | — |
| P/E | 34.2× | — |
| Analysts’ mean target | $337.54 | — |
Where the revenue comes from
Vertiv Holdings
- Americas: $3.0B (69%)
- Asia Pacific: $779M (18%)
- Europe, Middle East & Africa: $545M (13%)
Varex Imaging
- Medical: $134M (64%)
- Industrial: $76.5M (36%)
Questions
Which is bigger, Vertiv Holdings or Varex Imaging?
Vertiv Holdings is the larger company: $4.3B of revenue in its latest quarter (Q3 2026) against $210M for Varex Imaging (Q3 FY26).
Is Vertiv Holdings or Varex Imaging growing faster?
Vertiv Holdings is growing faster (+61% against +4% a year earlier).
Which is more profitable, Vertiv Holdings or Varex Imaging?
Vertiv Holdings is more profitable, with an operating margin of 22.8% against 10.8%.
More: Vertiv Holdings earnings · how Vertiv Holdings makes money · Varex Imaging earnings · how Varex Imaging makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.