InMode (INMD) vs Varex Imaging (VREX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Varex Imaging (VREX) has outperformed InMode (INMD) over the past year, gaining 56.9% versus a loss of 6.4%. Over five years, VREX leads with a -30.6% price change compared with -83.1% for INMD. InMode is the larger company by market cap ($816.0 million vs $783.9 million), about 1.0 times the size.
On valuation, InMode trades at a lower forward P/E (10.3x vs 17.3x for Varex Imaging).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | INMD | VREX |
|---|---|---|
| Share price | $14.18 | $18.46 |
| Market cap | $815.98M | $783.88M |
| 1-day change | +0.71% | -0.05% |
| YTD return | -4.15% | +58.54% |
| 1-year return | -6.45% | +56.92% |
| 5-year return | -83.11% | -30.59% |
| P/E ratio (TTM) | 11.72 | 34.83 |
| Forward P/E | 10.34 | 17.25 |
| EPS (TTM) | $1.21 | $0.53 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $16.67 | $18.63 |
| 52-week low | $12.72 | $9.09 |
| Distance from 52-week high | -14.94% | -0.91% |
| Analyst consensus | none | none |
| Avg. price target upside | +14.03% | +2.38% |
| Average volume | 501.37K | 834.28K |
| Shares outstanding | 57.54M | 42.46M |
| Employees | 660 | 2,500 |
| Sector | Health Care | Technology |
| Industry | Biotechnology: Electromedical & Electrotherapeutic Apparatus | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VREX has outperformed INMD by 63.4 percentage points over the past year.
- Varex Imaging trades at a higher earnings multiple (34.8x vs 11.7x trailing P/E).
- The two companies sit in different sectors: InMode in Health Care and Varex Imaging in Technology.
About InMode
INMD stock →InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radio frequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States, Europe, Asia, and internationally.
Health Care · Biotechnology: Electromedical & Electrotherapeutic Apparatus · 660 employees
About Varex Imaging
VREX stock →Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial.
Technology · Industrial Machinery/Components · 2,500 employees
INMD vs VREX FAQ
Which is bigger, InMode or Varex Imaging?
InMode (INMD) is larger, with a market capitalization of $815.98M compared with $783.88M for Varex Imaging (VREX).
Which stock has performed better over the past year, INMD or VREX?
VREX returned +56.92% over the past 12 months, compared with -6.45% for INMD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, INMD or VREX?
INMD has the lower trailing P/E at 11.7, versus 34.8 for VREX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are InMode and Varex Imaging in the same industry?
No. InMode is in the Health Care sector, while Varex Imaging is in Technology.