Varian Medical Systems

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 premier 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. 

Palo Alto, US
Size (employees)
7,800 (est)
Varian Medical Systems was founded in 1948 and is headquartered in Palo Alto, US

Key People/Management at Varian Medical Systems

Dow Wilson

Dow Wilson

President and Chief Executive Officer (CEO
Gary Bischoping

Gary Bischoping

Senior Vice President, Finance & Chief Finance Officer
Moataz Karmalawy

Moataz Karmalawy

Vice President and General Manager, Worldwide Particle Therapy
John Kuo

John Kuo

Senior Vice President, General Counsel and Corporate Secretary
Franco Palomba

Franco Palomba

Senior Vice President, Finance and Treasurer
Patrick Joda

Patrick Joda

Senior Vice President, Global Operations
Deepak Khuntia

Deepak Khuntia

Senior Vice President and Chief Medical Officer
Tom Rodden

Tom Rodden

Senior Vice President, IT Operations
Kolleen Kennedy

Kolleen Kennedy

Executive Vice President, Oncology Systems
Magnus Momsen

Magnus Momsen

Senior Vice President and Corporate Controller
Rafael Torres

Rafael Torres

Senior Vice President, Business Development and Strategy
Chris Toth

Chris Toth

President, Global Commercial & Field Operations
Terilyn Monroe

Terilyn Monroe

Chief People Officer, Senior Vice President, Human Resources
J.D Vy H. Tran

J.D Vy H. Tran

Senior Vice President, Regulatory Affairs and Quality Assurance
Andrew Whitman

Andrew Whitman

Senior Vice President, Government Affairs
Corey Zankowski

Corey Zankowski

Senior Vice President, Chief Technology Innovation Officer

Varian Medical Systems Office Locations

Varian Medical Systems has an office in Palo Alto
Palo Alto, US (HQ)
3100 Hansen Way
Show all (1)

Varian Medical Systems Financials and Metrics

Varian Medical Systems Financials

Varian Medical Systems's revenue was reported to be $2.7 b in FY, 2017

Revenue (FY, 2017)

2.7 b

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

1.2 b

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

250.3 m

EBIT (FY, 2017)

341.9 m

Market capitalization (22-Dec-2017)

10.3 b

Cash (29-Sep-2017)

716.2 m


10 b
Varian Medical Systems's current market capitalization is $10.3 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017


3 b3.1 b3.2 b2.7 b

Revenue growth, %


Cost of goods sold

1.7 b1.8 b1.9 b1.5 b

Gross profit

1.3 b1.3 b1.4 b1.2 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


737.9 m759.4 m784 m757.1 m758.8 m789.4 m763.3 m655 m662.4 m

Cost of goods sold

410.8 m436.9 m469 m447.4 m441.5 m443 m428.8 m379.7 m369.1 m

Gross profit

327 m322.5 m315 m309.7 m317.2 m346.4 m334.5 m275.3 m293.3 m

Gross profit Margin, %

USDFY, 2014FY, 2015FY, 2016FY, 2017


849.3 m845.5 m843.5 m716.2 m

Accounts Receivable

731.9 m770.9 m891.8 m823.5 m

Prepaid Expenses

148.6 m164 m145.7 m199.8 m


572.3 m612.6 m639.7 m439.7 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


904.4 m862.2 m951.4 m953.4 m961.1 m835.9 m814.7 m705.5 m658.2 m

Accounts Receivable

663 m707.9 m673.7 m768.5 m852.6 m840.4 m801.7 m761.5 m747.5 m

Prepaid Expenses

164.2 m177.8 m187.1 m174.7 m177.3 m187.8 m143.3 m206.9 m173.8 m


630.9 m651.8 m640.1 m613.1 m653.3 m682.5 m661.6 m453.7 m460.2 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

403.7 m412 m402.7 m250.3 m

Depreciation and Amortization

62.5 m68.5 m79.8 m76.9 m

Accounts Receivable

(74.5 m)(79.4 m)(168.3 m)(52.6 m)


(43.3 m)(41.6 m)(27.7 m)(100 k)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

93.3 m199.3 m312.9 m89 m186 m284.9 m21 m77 m167.6 m

Depreciation and Amortization

17.1 m33.4 m50 m18.5 m37.9 m56.4 m22.3 m41 m58.5 m

Accounts Receivable

43.7 m(17.5 m)14 m(29.5 m)(94.5 m)(94.6 m)31 m(21 m)10.9 m


(62.1 m)(93 m)(77.3 m)(4 m)(39.7 m)(72.1 m)(28.2 m)(20.3 m)(23.6 m)
Y, 2017


29.2 x


25 x


0.2 x


0.1 x

Financial Leverage

2.1 x
Show all financial metrics

Varian Medical Systems Operating Metrics

Varian Medical Systems's Backlog was reported to be $3.5 b in FY, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jan, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017


$3.2 b$3.12 b$3.09 b$3.14 b$3.48 b$3.34 b$3.28 b$3.06 b$3.45 b$3.39 b$3.14 b$3.26 b$3.52 b

Order Volume

$3.53 b$725.8 m$781.4 m$888 m$1.22 b$1.22 b$672 m$758.4 m$727.3 m$1.1 b$3.4 b$721.7 m$675.7 m$830.3 b$1.04 b$3.14 b

Linear Accelerators

7.5 k7.83 k

Proton Therapy Rooms Offered

Show all operating metrics

Varian Medical Systems Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Claymount Americas Corporation
Varian Medical Systems Brasil Limitada
Varian Medical Systems Scandinavia AS
Varian Medical Systems France
Varian Medical Systems Deutschland G.m.b.H.
Varian Medical Systems Haan G.m.b.H.
Varian Medical Systems Particle Therapy GmbH
Varian Medical Systems India Software Pvt. Ltd.
Varian Medical Systems Malaysia Sdn. Bhd.
Varian Medical Systems de Mexico S de RL de CV
Varian Medical Systems Nederland Finance B.V.
Varian Medical Systems (RUS) LLC
Varian Medical Systems Arabia Commercial Limited
Varian Medical Systems International A.G.
Varian Medical Systems Imaging Laboratory Gmbh
Varian Medical Systems UK Holdings Limited
Varex Imaging Corporation
Varex Imagens Brasil Holdings, Ltda.
Varex Imaging Deutschland GmbH
Varex Imaging Investments B.V.
Varex Imaging UK Limited
Claymount Switzerland AG
Claymount Assemblies Philippines, Inc.
Claymount Assemblies B.V.
Varian BioSynergy, Inc.
Varian Medical Systems India Pvt. Ltd.
Varian Medical Systems Canada Holdings, Inc.
Varian Medical Systems Netherlands Holdings, Inc.
Varian Medical Systems Africa Holdings, Inc.
Page Mill Corporation
Varian Medical Systems Australasia Pty Ltd.
Varian Medical Systems Belgium N.V.
Varian Medical Systems Canada, Inc.
Varian Medical Systems (China) Co. Ltd.
Varian Medical Systems Trading (Beijing) Co., Ltd.
Varian Medical Systems Finland OY
Varian Medical Systems Deutschland Holdings G.m.b.H.
Varian Medical Systems Hungary Kft
Varian Medical Systems Italia S.p.A.
Varian Medical Systems International (India) Pvt. Ltd.
Varian Medical Systems K.K.
Varian Medical Systems Korea, Inc.
Varian Medical Systems Mauritius Ltd.
Varian FSC B.V.
Varian Medical Systems Nederland B.V.
Bakerville Investments Sp. zo. o
Varian Medical Systems Poland Sp. zo. o
Varian Medical Systems Africa (Pty) Ltd.
Varian Medical Systems Iberica S.L.
Varian Medical Systems UK Ltd.
Jiangsu Varian Medical Systems Co., Ltd.
Varex Imaging Holdings, Inc.
Varex Imaging France SARL
Varex Imaging Italia Srl
Varex Imaging International Holdings B.V.
Claymount Technologies Group B.V.
Claymount International AG
Claymount High Voltage Technologies (Beijing) Co. Ltd.
Centella Therapeutics, Inc.
Varian Medical Systems Latin America, Ltd.
Varian Medical Systems Pacific, Inc.
Varian Medical Systems International Holdings, Inc.
Varian Philippines, Ltd.
VivaRay, Inc.
Mansfield Insurance Company
Varian Medical Systems Algeria Spa
Varian Medical Systems Gesellschaft m.b.H.
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
TranspireJuly 31, 2014
Velocity Medical SolutionsApril 04, 2014
Applied Computational TechnologiesDecember 06, 2013
InfimedMarch 05, 2012
Calypso MedicalSeptember 19, 2011
IKOEmedJune 25, 2009
Pan-Pacific EnterprisesDecember 26, 2007$2 m
Bio-Imaging ResearchMay 24, 2007$21 m
Accel Instruments GmbHJanuary 29, 2007
Sigma Micro Informatique ConseilJanuary 17, 2005$13 m
OpTx CorpMarch 29, 2004
Zmed, Inc.October 13, 2003$35.5 m
MRW GmbHDecember 02, 2002
MDS Nordion's - (HDR) Brachytherapy BusinessJune 26, 2002$11 m
Argus SoftwareJanuary 01, 2002
IMPAC Medical SystemNovember 09, 2000
Multimedia Medical Systems - Cancer Treatment Planning Systems DivisionJune 07, 1999
dpiXMay 17, 1999

Varian Medical Systems Market Value History

Varian Medical Systems Revenue Breakdown

Varian Medical Systems Median Salaries

Source: 202 public H-1B filings from Varian Medical Systems

Varian Medical Systems's Web-traffic and Trends

Varian Medical Systems Online and Social Media Presence

Varian Medical Systems Company Life and Culture

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