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Side-by-side financial comparison of California Resources Corp (CRC) and Varex Imaging Corp (VREX). Click either name above to swap in a different company.
Varex Imaging Corp is the larger business by last-quarter revenue ($209.6M vs $119.0M, roughly 1.8× California Resources Corp). Varex Imaging Corp produced more free cash flow last quarter ($-26.8M vs $-32.0M). Over the past eight quarters, Varex Imaging Corp's revenue compounded faster (0.8% CAGR vs -46.3%).
California Resources CorpCRCEarnings & Financial Report
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
Varex Imaging Corp is a global supplier of advanced imaging components and solutions, including X-ray tubes, digital flat panel detectors, and image processing software. Its products serve medical imaging, radiation oncology, and industrial non-destructive testing segments, with customers across key global markets.
CRC vs VREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $119.0M | $209.6M |
| Net Profit | — | $2.3M |
| Gross Margin | — | 33.3% |
| Operating Margin | -597.5% | 7.3% |
| Net Margin | — | 1.1% |
| Revenue YoY | — | 4.9% |
| Net Profit YoY | — | 866.7% |
| EPS (diluted) | $-8.02 | $0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $119.0M | $209.6M | ||
| Q4 25 | $679.0M | $228.9M | ||
| Q3 25 | $715.0M | $203.0M | ||
| Q2 25 | $702.0M | $212.9M | ||
| Q1 25 | $814.0M | $199.8M | ||
| Q4 24 | $826.0M | — | ||
| Q3 24 | $870.0M | $205.7M | ||
| Q2 24 | $412.0M | $209.1M |
| Q1 26 | — | $2.3M | ||
| Q4 25 | $12.0M | $12.2M | ||
| Q3 25 | $64.0M | $-89.1M | ||
| Q2 25 | $172.0M | $6.9M | ||
| Q1 25 | $115.0M | $-300.0K | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $345.0M | $-51.1M | ||
| Q2 24 | $8.0M | $1.4M |
| Q1 26 | — | 33.3% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 32.0% |
| Q1 26 | -597.5% | 7.3% | ||
| Q4 25 | 6.9% | 8.6% | ||
| Q3 25 | 13.7% | -39.8% | ||
| Q2 25 | 38.0% | 10.4% | ||
| Q1 25 | 22.9% | 5.6% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 59.5% | 5.3% | ||
| Q2 24 | 9.2% | 4.4% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 1.8% | 5.3% | ||
| Q3 25 | 9.0% | -43.9% | ||
| Q2 25 | 24.5% | 3.2% | ||
| Q1 25 | 14.1% | -0.2% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 39.7% | -24.8% | ||
| Q2 24 | 1.9% | 0.7% |
| Q1 26 | $-8.02 | $0.05 | ||
| Q4 25 | $0.21 | $0.29 | ||
| Q3 25 | $0.76 | $-2.15 | ||
| Q2 25 | $1.92 | $0.17 | ||
| Q1 25 | $1.26 | $-0.01 | ||
| Q4 24 | $0.87 | — | ||
| Q3 24 | $3.78 | $-1.25 | ||
| Q2 24 | $0.11 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $125.6M |
| Total DebtLower is stronger | — | $367.6M |
| Stockholders' EquityBook value | $2.9B | $476.9M |
| Total Assets | — | $1.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $125.6M | ||
| Q4 25 | $132.0M | $155.1M | ||
| Q3 25 | $196.0M | $152.6M | ||
| Q2 25 | $72.0M | $223.0M | ||
| Q1 25 | $214.0M | $212.6M | ||
| Q4 24 | $372.0M | — | ||
| Q3 24 | $241.0M | $200.5M | ||
| Q2 24 | $1.0B | $190.0M |
| Q1 26 | — | $367.6M | ||
| Q4 25 | — | $367.5M | ||
| Q3 25 | $1.0B | $367.5M | ||
| Q2 25 | $1.0B | $567.2M | ||
| Q1 25 | $1.0B | $567.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $443.4M | ||
| Q2 24 | $1.2B | $443.1M |
| Q1 26 | $2.9B | $476.9M | ||
| Q4 25 | $3.7B | $472.6M | ||
| Q3 25 | $3.4B | $455.3M | ||
| Q2 25 | $3.4B | $549.7M | ||
| Q1 25 | $3.5B | $540.2M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.5B | $529.1M | ||
| Q2 24 | $2.1B | $581.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $6.8B | $1.1B | ||
| Q2 25 | $6.7B | $1.4B | ||
| Q1 25 | $6.8B | $1.3B | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $7.1B | $1.2B | ||
| Q2 24 | $4.5B | $1.3B |
| Q1 26 | — | 0.77× | ||
| Q4 25 | — | 0.78× | ||
| Q3 25 | 0.29× | 0.81× | ||
| Q2 25 | 0.30× | 1.03× | ||
| Q1 25 | 0.29× | 1.05× | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | 0.84× | ||
| Q2 24 | 0.57× | 0.76× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $99.0M | $-16.1M |
| Free Cash FlowOCF − Capex | $-32.0M | $-26.8M |
| FCF MarginFCF / Revenue | -26.9% | -12.8% |
| Capex IntensityCapex / Revenue | — | 5.1% |
| Cash ConversionOCF / Net Profit | — | -7.00× |
| TTM Free Cash FlowTrailing 4 quarters | $380.0M | $-13.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $99.0M | $-16.1M | ||
| Q4 25 | $235.0M | $7.9M | ||
| Q3 25 | $279.0M | $7.7M | ||
| Q2 25 | $165.0M | $16.6M | ||
| Q1 25 | $186.0M | $9.5M | ||
| Q4 24 | $206.0M | — | ||
| Q3 24 | $220.0M | $25.9M | ||
| Q2 24 | $97.0M | $8.0M |
| Q1 26 | $-32.0M | $-26.8M | ||
| Q4 25 | $115.0M | $2.3M | ||
| Q3 25 | $188.0M | $1.4M | ||
| Q2 25 | $109.0M | $9.8M | ||
| Q1 25 | $131.0M | $5.3M | ||
| Q4 24 | $118.0M | — | ||
| Q3 24 | $141.0M | $19.9M | ||
| Q2 24 | $63.0M | $3.3M |
| Q1 26 | -26.9% | -12.8% | ||
| Q4 25 | 16.9% | 1.0% | ||
| Q3 25 | 26.3% | 0.7% | ||
| Q2 25 | 15.5% | 4.6% | ||
| Q1 25 | 16.1% | 2.7% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 16.2% | 9.7% | ||
| Q2 24 | 15.3% | 1.6% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 17.7% | 2.4% | ||
| Q3 25 | 12.7% | 3.1% | ||
| Q2 25 | 8.0% | 3.2% | ||
| Q1 25 | 6.8% | 2.1% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 9.1% | 2.9% | ||
| Q2 24 | 8.3% | 2.2% |
| Q1 26 | — | -7.00× | ||
| Q4 25 | 19.58× | 0.65× | ||
| Q3 25 | 4.36× | — | ||
| Q2 25 | 0.96× | 2.41× | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | 6.24× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 12.13× | 5.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRC
Segment breakdown not available.
VREX
| Medical Segment | $144.8M | 69% |
| Industrial Segment | $64.8M | 31% |
