Varex Imaging [VREX] vs Conmed [CNMD] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Varex Imaging wins in 7 metrics, Conmed wins in 11 metrics, with 0 ties. Conmed appears stronger overall.

View Metrics Details

Vital Metrics Comparison

MetricVarex ImagingConmedBetter
P/E Ratio (TTM)19.0815.36Conmed
Price-to-Book Ratio1.051.68Varex Imaging
Debt-to-Equity Ratio84.5487.93Varex Imaging
PEG Ratio0.00-0.53Conmed
EV/EBITDA-78.4911.50Varex Imaging
Profit Margin (TTM)-16.13%8.31%Conmed
Operating Margin (TTM)-39.75%10.62%Conmed
EBITDA Margin (TTM)N/A10.62%N/A
Return on Equity-24.79%11.69%Conmed
Return on Assets (TTM)-1.96%4.03%Conmed
Free Cash Flow (TTM)$20.40M$153.88MConmed
Dividend YieldN/A1.15%N/A
1-Year Return-7.45%-25.76%Varex Imaging
Price-to-Sales Ratio (TTM)0.581.27Varex Imaging
Enterprise Value$737.83M$2.53BConmed
EV/Revenue Ratio0.901.91Varex Imaging
Gross Profit Margin (TTM)33.25%55.01%Conmed
Revenue per Share (TTM)$20$43Conmed
Earnings per Share (Diluted)$-3.23$3.54Conmed
Beta (Stock Volatility)0.681.17Varex Imaging
Performance
Key Stats
Valuation
Financials
Short Interest
Dividends

Varex Imaging vs Conmed Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Varex Imaging0.70%-0.60%47.89%46.57%-10.19%-19.85%
Conmed1.17%-2.60%8.09%-5.77%-8.13%-19.29%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Varex Imaging-7.45%-46.23%6.55%-54.55%-54.55%-54.55%
Conmed-25.76%-38.20%-36.42%7.37%183.42%82.72%

Performance & Financial Health Analysis: Varex Imaging vs Conmed

MetricVREXCNMD
Market Information
Market Cap i$529.41M$1.80B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i367,070306,180
90 Day Avg. Volume i477,890502,693
Last Close$11.55$54.36
52 Week Range$6.76 - $16.93$46.00 - $78.19
% from 52W High-31.78%-30.48%
All-Time High$43.76 (Jan 29, 2018)$159.11 (Nov 01, 2021)
% from All-Time High-73.61%-65.83%
Growth Metrics
Quarterly Revenue Growth-0.03%0.03%
Quarterly Earnings GrowthN/A-0.29%
Financial Health
Profit Margin (TTM) i-0.16%0.08%
Operating Margin (TTM) i-0.40%0.11%
Return on Equity (TTM) i-0.25%0.12%
Debt to Equity (MRQ) i84.5487.93
Cash & Liquidity
Book Value per Share (MRQ)$10.97$32.41
Cash per Share (MRQ)$3.68$1.10
Operating Cash Flow (TTM) i$59.70M$165.21M
Levered Free Cash Flow (TTM) i$-4,112,500$163.74M
Dividends
Last 12-Month Dividend Yield iN/A1.15%
Last 12-Month Dividend iN/A$0.60

Valuation & Enterprise Metrics Analysis: Varex Imaging vs Conmed

MetricVREXCNMD
Price Ratios
P/E Ratio (TTM) i19.0815.36
Forward P/E i17.2411.23
PEG Ratio i0.00-0.53
Price to Sales (TTM) i0.581.27
Price to Book (MRQ) i1.051.68
Market Capitalization
Market Capitalization i$529.41M$1.80B
Enterprise Value i$737.83M$2.53B
Enterprise Value Metrics
Enterprise to Revenue i0.901.91
Enterprise to EBITDA i-78.4911.50
Risk & Other Metrics
Beta i0.681.17
Book Value per Share (MRQ) i$10.97$32.41

Financial Statements Comparison: Varex Imaging vs Conmed

Financial Metrics

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Revenue

EBITDA

Shareholders Equity

Operating Margin

Free Cash Flow

Long Term Debt

Profit Margin

Current Ratio

Operating Cash Flow

Income Statement (MRQ)

Metric (MRQ)VREXCNMD
Revenue/Sales i$212.90M$321.26M
Cost of Goods Sold i$136.20M$143.50M
Gross Profit i$76.70M$177.75M
Research & Development i$22.00M$12.95M
Operating Income (EBIT) i$22.10M$15.96M
EBITDA i$26.80M$34.21M
Pre-Tax Income i$10.80M$7.67M
Income Tax i$3.70M$1.64M
Net Income (Profit) i$7.10M$6.04M

Balance Sheet & Liquidity Metrics (MRQ)

Metric (MRQ)VREXCNMD
Cash & Equivalents i$205.10M$35.49M
Total Current Assets i$683.80M$639.00M
Total Current Liabilities i$168.80M$283.15M
Long-Term Debt i$585.40M$891.44M
Total Shareholders Equity i$563.90M$977.64M
Retained Earnings i$77.00M$560.13M
Property, Plant & Equipment i$177.60MN/A

Cash Flow Statement Comparison (MRQ)

Metric (MRQ)VREXCNMD
Operating Cash Flow i$11.60M$49.72M
Capital Expenditures i$-6.80M$-3.78M
Free Cash Flow i$9.80M$37.76M
Debt Repayment i$-400,000$-180.59M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricVREXCNMD
Shares Short i1.22M1.98M
Short Ratio i2.443.37
Short % of Float i0.03%0.09%
Average Daily Volume (10 Day) i367,070306,180
Average Daily Volume (90 Day) i477,890502,693
Shares Outstanding i41.09M30.90M
Float Shares i40.96M30.68M
% Held by Insiders i0.02%0.01%
% Held by Institutions i0.96%1.15%

Dividend Analysis & Yield Comparison: Varex Imaging vs Conmed

MetricVREXCNMD
Last 12-Month Dividend iN/A$0.60
Last 12-Month Dividend Yield iN/A1.15%
3-Year Avg Annual Dividend iN/A$0.73
3-Year Avg Dividend Yield iN/A0.24%
3-Year Total Dividends iN/A$2.20
Ex-Dividend DateN/AMar 14, 2025