Varian Medical Systems

Varian Medical Systems, Inc., headquartered globally in Palo Alto, California, is the world's 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.
Radiation treatments may cause side effects that can vary depending on the part of the body being treated. The most frequent ones are typically temporary and may include, but are not limited to, irritation to the respiratory, digestive, urinary or reproductive systems, fatigue, nausea, skin irritation, and hair loss. In some patients, they can be severe. Treatment sessions may vary in complexity and time. Radiation treatment is not appropriate for all cancers.

Company Growth (employees)
Palo Alto, US
Size (employees)
7,800 (est)
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.
Numbers are in $, USD

Revenue (FY, 2016)

3.2 b

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


Gross profit (FY, 2016)

1.4 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

402.7 m

EBIT (FY, 2016)

550.8 m

Market capitalization (26-May-2017)

9 b

Closing share price (26-May-2017)


Cash (30-Sep-2016)

843.5 m


8.8 b
Varian Medical Systems's current market capitalization is $9 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


2.9 b3 b3.1 b3.2 b

Revenue growth, %


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, %


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


608.9 m571.2 m549 m550.8 m

EBIT margin, %


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
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


1.1 b849.3 m845.5 m843.5 m

Accounts Receivable

4.4 m


535.2 m572.3 m612.6 m639.7 m

Current Assets

2.7 b2.5 b2.5 b2.6 b


315.3 m338 m379.2 m379.2 m


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

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
Numbers are in $, 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)


(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)
Numbers are in $, USDY, 2016


15.9 x


24.6 x


429 k


0.4 x


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 News and Updates

Varian Medical Systems Company Life and Culture

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