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Side-by-side financial comparison of MONRO, INC. (MNRO) and Varex Imaging Corp (VREX). Click either name above to swap in a different company.
MONRO, INC. is the larger business by last-quarter revenue ($293.4M vs $209.6M, roughly 1.4× Varex Imaging Corp). MONRO, INC. runs the higher net margin — 3.8% vs 1.1%, a 2.7% gap on every dollar of revenue. On growth, Varex Imaging Corp posted the faster year-over-year revenue change (4.9% vs -4.0%). MONRO, INC. produced more free cash flow last quarter ($9.1M vs $-26.8M). Over the past eight quarters, Varex Imaging Corp's revenue compounded faster (0.8% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs VREX — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $209.6M |
| Net Profit | $11.1M | $2.3M |
| Gross Margin | 34.9% | 33.3% |
| Operating Margin | 6.3% | 7.3% |
| Net Margin | 3.8% | 1.1% |
| Revenue YoY | -4.0% | 4.9% |
| Net Profit YoY | 143.1% | 866.7% |
| EPS (diluted) | $0.35 | $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 | — | $209.6M | ||
| Q4 25 | $293.4M | $228.9M | ||
| Q3 25 | $288.9M | $203.0M | ||
| Q2 25 | $301.0M | $212.9M | ||
| Q1 25 | $295.0M | $199.8M | ||
| Q4 24 | $305.8M | — | ||
| Q3 24 | $301.4M | $205.7M | ||
| Q2 24 | $293.2M | $209.1M |
| Q1 26 | — | $2.3M | ||
| Q4 25 | $11.1M | $12.2M | ||
| Q3 25 | $5.7M | $-89.1M | ||
| Q2 25 | $-8.1M | $6.9M | ||
| Q1 25 | $-21.3M | $-300.0K | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $5.6M | $-51.1M | ||
| Q2 24 | $5.9M | $1.4M |
| Q1 26 | — | 33.3% | ||
| Q4 25 | 34.9% | 34.0% | ||
| Q3 25 | 35.7% | 33.3% | ||
| Q2 25 | 35.5% | 36.0% | ||
| Q1 25 | 33.0% | 34.3% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 35.3% | 32.6% | ||
| Q2 24 | 37.2% | 32.0% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 6.3% | 8.6% | ||
| Q3 25 | 4.4% | -39.8% | ||
| Q2 25 | -2.0% | 10.4% | ||
| Q1 25 | -8.1% | 5.6% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 4.4% | 5.3% | ||
| Q2 24 | 4.5% | 4.4% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 3.8% | 5.3% | ||
| Q3 25 | 2.0% | -43.9% | ||
| Q2 25 | -2.7% | 3.2% | ||
| Q1 25 | -7.2% | -0.2% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.9% | -24.8% | ||
| Q2 24 | 2.0% | 0.7% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.35 | $0.29 | ||
| Q3 25 | $0.18 | $-2.15 | ||
| Q2 25 | $-0.28 | $0.17 | ||
| Q1 25 | $-0.74 | $-0.01 | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.18 | $-1.25 | ||
| Q2 24 | $0.19 | $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 | $4.9M | $125.6M |
| Total DebtLower is stronger | $45.0M | $367.6M |
| Stockholders' EquityBook value | $604.9M | $476.9M |
| Total Assets | $1.6B | $1.1B |
| Debt / EquityLower = less leverage | 0.07× | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $125.6M | ||
| Q4 25 | $4.9M | $155.1M | ||
| Q3 25 | $10.5M | $152.6M | ||
| Q2 25 | $7.8M | $223.0M | ||
| Q1 25 | $20.8M | $212.6M | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $20.9M | $200.5M | ||
| Q2 24 | $18.7M | $190.0M |
| Q1 26 | — | $367.6M | ||
| Q4 25 | $45.0M | $367.5M | ||
| Q3 25 | $60.0M | $367.5M | ||
| Q2 25 | $71.5M | $567.2M | ||
| Q1 25 | $61.3M | $567.0M | ||
| Q4 24 | $59.3M | — | ||
| Q3 24 | $62.0M | $443.4M | ||
| Q2 24 | $112.0M | $443.1M |
| Q1 26 | — | $476.9M | ||
| Q4 25 | $604.9M | $472.6M | ||
| Q3 25 | $601.7M | $455.3M | ||
| Q2 25 | $604.9M | $549.7M | ||
| Q1 25 | $620.8M | $540.2M | ||
| Q4 24 | $648.9M | — | ||
| Q3 24 | $651.9M | $529.1M | ||
| Q2 24 | $654.4M | $581.2M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B |
| Q1 26 | — | 0.77× | ||
| Q4 25 | 0.07× | 0.78× | ||
| Q3 25 | 0.10× | 0.81× | ||
| Q2 25 | 0.12× | 1.03× | ||
| Q1 25 | 0.10× | 1.05× | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | 0.84× | ||
| Q2 24 | 0.17× | 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 | $17.8M | $-16.1M |
| Free Cash FlowOCF − Capex | $9.1M | $-26.8M |
| FCF MarginFCF / Revenue | 3.1% | -12.8% |
| Capex IntensityCapex / Revenue | 3.0% | 5.1% |
| Cash ConversionOCF / Net Profit | 1.60× | -7.00× |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | $-13.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-16.1M | ||
| Q4 25 | $17.8M | $7.9M | ||
| Q3 25 | $32.3M | $7.7M | ||
| Q2 25 | $-1.9M | $16.6M | ||
| Q1 25 | $28.9M | $9.5M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $62.6M | $25.9M | ||
| Q2 24 | $25.6M | $8.0M |
| Q1 26 | — | $-26.8M | ||
| Q4 25 | $9.1M | $2.3M | ||
| Q3 25 | $26.6M | $1.4M | ||
| Q2 25 | $-9.3M | $9.8M | ||
| Q1 25 | $23.2M | $5.3M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $57.6M | $19.9M | ||
| Q2 24 | $16.8M | $3.3M |
| Q1 26 | — | -12.8% | ||
| Q4 25 | 3.1% | 1.0% | ||
| Q3 25 | 9.2% | 0.7% | ||
| Q2 25 | -3.1% | 4.6% | ||
| Q1 25 | 7.9% | 2.7% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 19.1% | 9.7% | ||
| Q2 24 | 5.7% | 1.6% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 3.0% | 2.4% | ||
| Q3 25 | 2.0% | 3.1% | ||
| Q2 25 | 2.5% | 3.2% | ||
| Q1 25 | 1.9% | 2.1% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.6% | 2.9% | ||
| Q2 24 | 3.0% | 2.2% |
| Q1 26 | — | -7.00× | ||
| Q4 25 | 1.60× | 0.65× | ||
| Q3 25 | 5.71× | — | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.23× | — | ||
| Q3 24 | 11.08× | — | ||
| Q2 24 | 4.37× | 5.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
VREX
| Medical Segment | $144.8M | 69% |
| Industrial Segment | $64.8M | 31% |
