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Varian Medical Systems

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HealthcareManufacturing & Industrialimagingmedical devicesmedtech
Varian Medical Systems is the manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers, and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection.
Revenue(FY, 2020)
$3.2 B

Employee Rating

4
TypeSubsidiary
Parent CompanySiemens Healthineers
HQPalo Alto, CA, US
Founded1948
Websitevarian.com
Cybersecurity ratingAMore
Varian Medical Systems was founded in 1948 and is headquartered in Palo Alto, CA, US
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Key People/Management at Varian Medical Systems

Chris Toth

Chris Toth

Chief Executive Officer
Francis R. Facchini

Francis R. Facchini

President, Interventional Solutions
Matthias Platsch

Matthias Platsch

Executive Vice President, Head of Finance
Gabriel Haras

Gabriel Haras

Executive Vice President, Cancer Therapy
Livia Freudl

Livia Freudl

Senior Vice President, Head of Human Resources
Andy Whitman

Andy Whitman

Senior Vice President, Government Affairs, Policy & Market Development
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Varian Medical Systems Office Locations

Varian Medical Systems has offices in Palo Alto, Atlanta, Charlottesville, Des Plaines and in 28 other locations
Palo Alto, CA, US (HQ)
Building 4, 3120 Hansen Way M
Atlanta, GA, US
3290 Northside Pkwy NW
Charlottesville, VA, US
Charlottesville, VA, USA
Des Plaines, IL, US
Des Plaines, IL, USA
Las Vegas, NV, US
6883 Spencer St
Milpitas, CA, US
660 N McCarthy Blvd
Show all (32)

Varian Medical Systems Financials and Metrics

Summary Metrics

Founding Date

1948
Varian Medical Systems is a subsidiary of Siemens Healthineers

Varian Medical Systems Revenue

Embed Graph
View revenue for all periods
Varian Medical Systems's revenue was reported to be $3.17 b in FY, 2020 which is a 1.8% decrease from the previous period.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.9b3.2b3.2b

Revenue growth, %

9%10%(2%)

Cost of goods sold

1.6b1.9b1.8b

Gross profit

1.3b1.4b1.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

741.0m779.4m825.8m828.9m794.5m694.3m778.8m

Cost of goods sold

424.9m461.2m474.4m462.1m457.3m395.8m419.8m

Gross profit

316.1m318.2m351.4m366.8m337.2m298.5m359.0m

Gross profit Margin, %

43%41%43%44%42%43%46%
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

504.8m531.4m766.1m

Accounts Receivable

1.0b1.1b1.1b

Inventories

438.1m551.5m516.3m

Current Assets

2.2b2.4b2.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

616.0m546.3m520.7m769.2m667.8m721.9m773.3m

Accounts Receivable

989.5m1.0b1.1b987.4m1.0b1.1b1.0b

Inventories

469.6m478.0m529.3m600.4m604.0m597.4m571.7m

Current Assets

2.3b2.3b2.3b2.6b2.5b2.6b2.6b
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

150.3m292.2m269.4m

Depreciation and Amortization

72.7m93.0m99.4m

Inventories

(16.4m)(106.9m)39.8m

Accounts Payable

21.9m49.7m(66.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

103.9m192.3m221.8m88.9m132.0m192.9m96.8m

Depreciation and Amortization

17.5m37.2m56.1m25.2m49.6m73.6m25.8m

Inventories

(32.4m)(41.9m)(78.4m)(44.9m)(53.7m)(47.7m)(52.5m)

Accounts Payable

13.5m23.7m29.9m(32.7m)(54.7m)(94.3m)8.0m
show all
USDFY, 2018

Revenue/Employee

406.9k

Financial Leverage

2 x
Show all financial metrics

Varian Medical Systems Operating Metrics

FY, 2018FY, 2019FY, 2020

Backlog

$3.2 b$3.4 b$3.4 b

Patent Applications

448478501

Patents (Foreign)

325447484

Patents (US)

423577629

Varian Medical Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
Boston ScientificJuly 03, 2019$90 m
EndocareJune 11, 2019
CTSIMay 20, 2019$277 m
CTSIMay 03, 2019$277 m
Mobius Medical SystemsFebruary 05, 2018
PerkinElmer's Medical Imaging BusinessDecember 22, 2016
Candela's radiotherapy businessSeptember 07, 2016
TrueBeam SystemsMay 23, 2016
Claymount TechnologiesJuly 30, 2015$55 m
MeVis Medical Solutions AGApril 21, 2015
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Varian Medical Systems Revenue Breakdown

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Varian Medical Systems revenue breakdown by business segment: 94.6% from Oncology Systems and 5.4% from Other

Varian Medical Systems revenue breakdown by geographic segment: 45.7% from North America and 54.3% from International

Varian Medical Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

Learn more about our premium products
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Varian Medical Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Varian Medical Systems Online and Social Media Presence

Varian Medical Systems's Trends

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Varian Medical Systems Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    73/100

  • Diversity

    B

    70/100

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Varian Medical Systems News and Updates

October 22, 2021

Global Image-guided Therapy Systems Market Report 2021-2028 Featuring Koninklijke Philips, Medtronic, Siemens, Analogic, GE Healthcare, Varian Medical Systems, Brainlab, Olympus, & Stryker

DUBLIN, Oct. 22, 2021 /PRNewswire/ -- The "Global Image-guided Therapy Systems Market Size, Share & Trends Analysis Report by Product (Endoscopes, MRI), by Application (Cardiac Surgery, Neurosurgery), by End-use (Hospitals, ASCs), and Segment Forecasts, 2021-2028" report has been added to...
October 06, 2021

In vitro Diagnostics Market to Exhibit a CAGR of 6.3% and Hit USD 149.03 Billion by 2028; Siemens Healthineers Acquires Varian Medical Systems, Inc. to Reinforce Growth: Fortune Business Insights™

Key Players Covered in the F. Hoffmann-La Roche Ltd (Basel, Switzerland), Abbott Laboratories (Illinois, U.S.), Thermo Fisher Scientific Inc. (Massachusetts, U.S.), Sysmex Corporation (Hyogo, Japan), Siemens Healthineers AG (Munich, Germany), BD (Becton, Dickinson and Company) (Franklin Lakes, U.S.)…
September 25, 2020

Lifshitz Law Firm, P.C. Announces Investigation of Livongo Health, Inc. (NASDAQ:LVGO), Varian Medical Systems, Inc. (NYSE: VAR) and Virtusa Corporation (NASDAQ: VRTU)

NEW YORK, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Livongo Health, Inc. (NASDAQ:LVGO)
September 24, 2020

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Varian Medical Systems, Inc. (VAR)

NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 4:20-cv-06266-YGR on behalf of shareholders of Varian Medical Systems, Inc. (“Var…
September 03, 2020

Telix Pharmaceuticals Enters Strategic Collaboration with Varian Medical Systems for Advanced Prostate Imaging

MELBOURNE, Australia and PALO ALTO, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, ‘Telix’, the ‘Company’) today announced it has entered into a strategic collaboration agreement with Palo Alto-based Varian Medical Systems, to evaluate the use of advanced prost…
August 04, 2020

SHAREHOLDER ALERT: WeissLaw LLP Investigates Varian Medical Systems, Inc.

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Varian Medical Systems, Inc. ("VAR" or the "Company") (NYSE: VAR) in connection with the proposed acquisition of the Company by...
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Varian Medical Systems Blogs

April 26, 2022

Helping Radiation Oncologists in Thailand Prepare for the Next Stage in Cancer Care

Helping Radiation Oncologists in Thailand Prepare for the Next Stage in Cancer Care sandra.debiasi Tue, 04/26/2022 - 14:50 April 26, 2022 By Stephanie Loo, Warangkana Punjapratheep and Candy Chan                    …
March 12, 2022

University College London Launches PhD Program for Therapeutic Radiographers

University College London Launches PhD Program for Therapeutic Radiographers sandra.debiasi Fri, 03/11/2022 - 17:43 March 16, 2022 University College London (UCL), one of the premier research institutions in the worl…
March 12, 2022

Radiation Therapists Embrace Evolving Roles

Radiation Therapists Embrace Evolving Roles sandra.debiasi Fri, 03/11/2022 - 17:39 March 16, 2022 Advancing technology drives change Most, if not all, radiation therapists who have practiced for a considerable lengt…
February 10, 2022

AR100 ARIA New Customer Course

AR100 ARIA New Customer Course beatrice.häuptli Thu, 02/10/2022 - 04:15 VarianThink EMEIA Language United States | English Online February 09, 2022 - December 31, 2022 …
January 31, 2022

Varian’s Advanced Oncology Solutions Provides Remote Physics Services to Increase Access to Care in Northern Maine

Varian’s Advanced Oncology Solutions Provides Remote Physics Services to Increase Access to Care in Northern Maine sandra.debiasi Mon, 01/31/2022 - 15:31 February 04, 2022 At Northern Light AR Gould Hospital (AR Goul…
January 28, 2022

Less Downtime, More Insights with Varian Smart Services

Less Downtime, More Insights with Varian Smart Services sandra.debiasi Fri, 01/28/2022 - 11:17 January 31, 2022 Introduced at ASTRO in 2021, Varian’s Smart Services is helping busy clinics reduce their downtime.  In…
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 Varian Medical Systems Frequently Asked Questions

  • When was Varian Medical Systems founded?

    Varian Medical Systems was founded in 1948.

  • Who are Varian Medical Systems key executives?

    Varian Medical Systems's key executives are Chris Toth, Francis R. Facchini and Matthias Platsch.

  • How many employees does Varian Medical Systems have?

    Varian Medical Systems has 10,372 employees.

  • What is Varian Medical Systems revenue?

    Latest Varian Medical Systems annual revenue is $3.2 b.

  • What is Varian Medical Systems revenue per employee?

    Latest Varian Medical Systems revenue per employee is $305.5 k.

  • Who are Varian Medical Systems competitors?

    Competitors of Varian Medical Systems include Zimmer Biomet, Ion Beam Applications and Elekta.

  • Where is Varian Medical Systems headquarters?

    Varian Medical Systems headquarters is located at Building 4, 3120 Hansen Way M, Palo Alto.

  • Where are Varian Medical Systems offices?

    Varian Medical Systems has offices in Palo Alto, Atlanta, Charlottesville, Des Plaines and in 28 other locations.

  • How many offices does Varian Medical Systems have?

    Varian Medical Systems has 32 offices.