VYX (VYX) financial statements
VYX reported revenue of $2.7B in fiscal 2025, down 9.4% a year over 9 years.
Net income was $62M and the operating margin 1.0%, against 10.3% in 2016.
Free cash flow was -$375M, and the company returned $74M in net buybacks.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VYX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5B | $6.5B | $6.4B | $6.9B | $6.2B | $3.7B | $3.2B | $3.2B | $2.8B | $2.7B |
| Cost of revenue | $2.1B | $2.0B | — | — | — | — | — | — | — | — |
| Gross profit | $4.4B | $4.5B | — | — | — | — | — | — | — | — |
| Research and development | $225M | $241M | $252M | $259M | $234M | $195M | $116M | $139M | $157M | $155M |
| Selling, general and admin | $904M | $923M | $1.0B | $1.1B | $1.1B | $704M | $618M | $658M | $458M | $453M |
| Operating income | $674M | $691M | $191M | $611M | $221M | $26M | -$50M | -$134M | -$38M | $26M |
| Interest expense | $170M | $163M | $168M | $197M | $218M | $238M | $285M | $294M | $134M | $60M |
| Pre-tax income | $379M | $482M | $39M | $341M | -$59M | -$267M | -$317M | -$549M | -$197M | -$31M |
| Income tax | $92M | $242M | $73M | -$273M | -$53M | $70M | $52M | $184M | $4M | -$73M |
| Net income | $270M | $232M | -$88M | $564M | -$79M | $97M | $60M | -$428M | $958M | $62M |
| EPS (diluted) | $1.71 | $0.97 | -$1.16 | $3.36 | -$0.86 | $0.62 | $0.32 | -$3.16 | $6.52 | $0.30 |
| Diluted shares | 129M | 127M | 118M | 145M | 128M | 131M | 137M | 141M | 145M | 141M |
| Gross margin | 67.9% | 68.9% | — | — | — | — | — | — | — | — |
| Operating margin | 10.3% | 10.6% | 3.0% | 8.8% | 3.6% | 0.7% | -1.6% | -4.2% | -1.3% | 1.0% |
| Net margin | 4.1% | 3.6% | -1.4% | 8.2% | -1.3% | 2.6% | 1.9% | -13.5% | 34.0% | 2.3% |
Balance sheet
Fiscal years, from VYX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $498M | $537M | $464M | $509M | $338M | $221M | $218M | $256M | $722M | $231M |
| Receivables | $1.3B | $1.3B | $1.4B | $1.5B | $1.1B | $959M | $550M | $414M | $532M | $470M |
| Inventory | $699M | $780M | $806M | $784M | $601M | $754M | $357M | $250M | $208M | $217M |
| Total current assets | $2.8B | $2.8B | $3.0B | $3.1B | $2.5B | $2.9B | $3.1B | $1.2B | $1.7B | $1.1B |
| Property, plant and equipment | $287M | $341M | $359M | $413M | $373M | $703M | $227M | $207M | $192M | $174M |
| Goodwill | $2.7B | $2.7B | $2.7B | $2.8B | $2.8B | $4.5B | $2.1B | $1.5B | $1.5B | $1.5B |
| Total assets | $7.7B | $7.7B | $7.8B | $9.0B | $8.4B | $11.6B | $11.5B | $5.0B | $4.5B | $3.9B |
| Total current liabilities | $2.0B | $1.9B | $2.3B | $2.5B | $2.1B | $2.8B | $2.7B | $1.3B | $1.4B | $1.1B |
| Long-term debt | $3.0B | $2.9B | $3.0B | $3.3B | $3.3B | $5.5B | $5.6B | $2.6B | $1.1B | $1.1B |
| Total liabilities | $6.1B | $6.1B | $6.5B | $7.5B | $7.1B | $10.1B | $9.8B | $4.7B | $3.2B | $2.8B |
| Shareholders' equity | $695M | $719M | $395M | $1.1B | $1.0B | $1.3B | $1.5B | $25M | $933M | $948M |
| Net debt | $2.5B | $2.4B | $2.5B | $2.8B | $2.9B | $5.3B | $5.3B | $2.3B | $376M | $869M |
Cash flow
Fiscal years, from VYX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $896M | $752M | $572M | $634M | $641M | $1.0B | $427M | $694M | -$132M | -$210M |
| Capital spending | $227M | $294M | $313M | $329M | $263M | $348M | $377M | $377M | $217M | $165M |
| Free cash flow | $669M | $458M | $259M | $305M | $378M | $661M | $50M | $317M | -$349M | -$375M |
| Stock-based compensation | $61M | $77M | $72M | $107M | $108M | $154M | $125M | $177M | $47M | $34M |
| Share buybacks (net) | -$250M | -$350M | -$210M | -$96M | -$41M | $0 | $0 | $0 | -$56M | -$74M |
| Net borrowing | -$8M | -$4M | -$1M | $0 | $0 | $0 | $1M | $0 | $0 | — |
| Free cash flow margin | 10.2% | 7.0% | 4.0% | 4.4% | 6.1% | 17.9% | 1.6% | 10.0% | -12.4% | -14.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for VYX.
Open VYX in InvestinglyQuestions
What was VYX's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does VYX generate?
-$375M in fiscal 2025 (operating cash flow minus capital spending).
From VYX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.