Varian Medical Systems

Varian Medical Systems, Inc. is the leading 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. 
The Halcyon system is Varian’s newest cancer treatment device, engineered to simplify and enhance virtually every aspect of image-guided volumetric intensity-modulated radiotherapy (IMRT). Halcyon combines fast volumetric imaging and dose delivery with the power of Eclipse treatment planning system in a transformative platform.

Company Growth (employees)
Type
Public
HQ
Palo Alto, US
Founded
1948
Size (employees)
7,800 (est)
Website
varian.com
Varian Medical Systems was founded in 1948 and is headquartered in Palo Alto, US

Varian Medical Systems Office Locations

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

Varian Medical Systems Data and Metrics

Varian Medical Systems Financial Metrics

Varian Medical Systems's revenue was reported to be $3.2 b in FY, 2016 which is a 4% increase from the previous period.
USD

Revenue (FY, 2016)

3.2 b

Revenue growth (FY, 2015 - FY, 2016), %

4%

Gross profit (FY, 2016)

1.4 b

Gross profit margin (FY, 2016), %

42%

Net income (FY, 2016)

402.7 m

EBIT (FY, 2016)

550.8 m

Market capitalization (21-Jul-2017)

9.8 b

Cash (30-Sep-2016)

843.5 m

EV

9.6 b
Varian Medical Systems's current market capitalization is $9.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.9 b3 b3.1 b3.2 b

Revenue growth, %

4%2%4%

Cost of goods sold

1.7 b1.7 b1.8 b1.9 b

Gross profit

1.2 b1.3 b1.3 b1.4 b

Gross profit Margin, %

42%43%41%42%

R&D expense

208.2 m234.8 m245.2 m253.5 m

General and administrative expense

432.6 m470.6 m488.5 m540.1 m

Operating expense total

640.8 m730.5 m733.7 m810.5 m

EBIT

608.9 m571.2 m549 m550.8 m

EBIT margin, %

21%19%18%17%

Interest expense

(4.1 m)(7.2 m)(7.9 m)(11.8 m)

Interest income

7.3 m10.5 m13.6 m17.4 m

Pre tax profit

612.1 m574.5 m554.7 m556.4 m

Net Income

438.2 m403.7 m412 m402.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.1 b849.3 m845.5 m843.5 m

Accounts Receivable

4.4 m1.3 m

Inventories

535.2 m572.3 m612.6 m639.7 m

Current Assets

2.7 b2.5 b2.5 b2.6 b

PP&E

315.3 m338 m379.2 m379.2 m

Goodwill

225.3 m240.6 m283.5 m294.7 m

Total Assets

3.5 b3.4 b3.6 b3.8 b

Accounts Payable

194.3 m187.4 m202.9 m201.1 m

Total Debt

617.1 m

Current Liabilities

1.2 b1.2 b1.4 b1.6 b

Total Liabilities

2.1 b

Additional Paid-in Capital

637.1 m642.8 m682.2 m678.6 m

Retained Earnings

1 b931.2 m1 b1.1 b

Total Equity

1.6 b1.7 b1.7 b

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.1 x2.1 x2.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

438.2 m403.7 m412 m402.7 m

Depreciation and Amortization

62.9 m62.5 m68.5 m64.2 m

Accounts Receivable

(43.3 m)(74.5 m)(79.4 m)(168.3 m)

Inventories

(76.4 m)(43.3 m)(41.6 m)(27.7 m)

Accounts Payable

7.8 m2 m6.5 m9.7 m

Cash From Operating Activities

455.2 m449 m469.6 m356.3 m

Purchases of PP&E

(76.3 m)(89.6 m)(91.4 m)(80.4 m)

Cash From Investing Activities

(96.3 m)(133.1 m)(210.9 m)(109.2 m)

Cash From Financing Activities

51.6 m(595.5 m)(276.7 m)(245.8 m)
USDY, 2016

EV/EBIT

17.4 x

EV/CFO

26.9 x

Revenue/Employee

429 k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.2 x

Varian Medical Systems Market Value History

Varian Medical Systems Median Salaries

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

Varian Medical Systems Online and Social Media Presence

Varian Medical Systems Company Life and Culture

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