What is XPEL, Inc.'s earnings per share (EPS)?

XPEL, Inc. (XPEL) reported diluted earnings per share of $1.85 for fiscal year 2025. This represents a 12.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

XPEL, Inc. (XPEL) Financials

XPEL

Trailing 12 months to June 30, 2026

Revenue $508.1M +13.2% YoY

Net Income $54.7M +12.5% YoY

EPS (Diluted) $1.97 +11.3% YoY

Free Cash Flow -$2.9M -105.5% YoY

Market Cap $1.2B as of Oct 17, 2026

Price / Sales 2.4x on $508.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings 22.1x on $54.7M net income, trailing 12 months to June 30, 2026

Price / Book 3.9x on $306.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XPEL SEC filings page.

XPEL, Inc. (XPEL) reported $508.1M in revenue over the twelve months to Jun 30, 2026, up 13.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI XPEL FY2025 2026-10-04

XPEL is growing with stable gross economics, but heavier overhead is limiting operating leverage while cash generation remains strong.

Gross margin stayed around 42% from FY2023 through FY2025, while operating margin slipped from 16.9% to 13.2%. That gap points to overhead absorption—rather than product-level economics—as the main constraint: SG&A reached $87.2M in FY2025 after $63.7M in FY2023.

Cash conversion improved materially: FY2025 operating cash flow was $66.9M versus $51.2M of net income. Free cash flow reached $62.9M against only $4.0M of capital expenditures, indicating that earnings are translating into cash without a large reinvestment burden.

The balance sheet is largely internally financed: debt-to-equity was 0.0x, while equity reached $280.3M in FY2025. Current ratio eased from 4.1x to 3.2x, and current liabilities reached $71.0M, suggesting expansion is tying up more resources in short-term obligations even without long-term debt.

Financial Health Signals

Financial Health Score 80/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of XPEL, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

XPEL, Inc. has an operating margin of 13.2%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is down from 14.1% the prior year.

Growth

XPEL, Inc.'s revenue grew 13.3% year-over-year to $476.2M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

XPEL, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.25, XPEL, Inc. holds $3.25 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow

XPEL, Inc. converts 13.2% of revenue into free cash flow ($62.9M). This strong cash generation earns a score of 69/100.

Returns

XPEL, Inc. earns a strong 18.3% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 20.2% the prior year.

Altman Z-Score Safe

10.70

XPEL, Inc. scores 10.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.2B) relative to total liabilities ($97.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

XPEL, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.31x

For every $1 of reported earnings, XPEL, Inc. generates $1.31 in operating cash flow ($66.9M OCF vs $51.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

754.81x

XPEL, Inc. earns $754.81 in operating income for every $1 of interest expense ($62.6M vs $83K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$143.1M

YoY+14.7%

QoQ+21.9%

5Y CAGR+15.8%

XPEL, Inc. generated $143.1M in revenue in Q2 2026. This represents an increase of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 21.9%.

EBITDA

$27.2M

YoY+21.5%

QoQ+63.0%

5Y CAGR+15.1%

XPEL, Inc.'s EBITDA was $27.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is up 63.0%.

Net Income

$18.0M

YoY+10.7%

QoQ+74.4%

5Y CAGR+12.1%

XPEL, Inc. reported $18.0M in net income in Q2 2026. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is up 74.4%.

EPS (Diluted)

$0.65

YoY+10.2%

QoQ+75.7%

5Y CAGR+11.9%

XPEL, Inc. earned $0.65 per diluted share (EPS) in Q2 2026. This represents an increase of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 75.7%.

Cash & Balance Sheet

Free Cash Flow

-$34.3M

YoY-227.4%

QoQ-1369.0%

XPEL, Inc. recorded an outflow of $34.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 227.4% from the same quarter a year earlier. Against the prior quarter it is down 1369.0%.

Cash & Debt

$40.7M

YoY-18.0%

QoQ-9.8%

5Y CAGR+36.0%

XPEL, Inc. held $40.7M in cash against $43.5M in long-term debt as of Q2 2026.

Shares Outstanding

28M

YoY-0.4%

QoQ0.0%

5Y CAGR0.0%

XPEL, Inc. had 28M shares outstanding in Q2 2026. This represents a decrease of 0.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

44.1%

YoY+1.2pp

QoQ+0.5pp

5Y change+7.4pp

XPEL, Inc.'s gross margin was 44.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Operating Margin

16.2%

YoY+0.8pp

QoQ+5.1pp

5Y change-2.2pp

XPEL, Inc.'s operating margin was 16.2% in Q2 2026, reflecting core business profitability. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.

Net Margin

12.6%

YoY-0.5pp

QoQ+3.8pp

5Y change-2.2pp

XPEL, Inc.'s net profit margin was 12.6% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.8 percentage points.

Return on Equity

5.9%

YoY-0.5pp

QoQ+2.3pp

5Y change-8.6pp

XPEL, Inc.'s ROE was 5.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.

Capital Allocation

Share Buybacks

QoQ-100.0%

XPEL, Inc. repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures

$65.1M

YoY+6804.0%

QoQ+570.1%

5Y CAGR+99.6%

XPEL, Inc. invested $65.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 6804.0% from the same quarter a year earlier. Against the prior quarter it is up 570.1%.

R&D Spending

Not reported for Q2 2026.

XPEL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPEL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$508.1M	$476.2M+13.3%	$420.4M+6.1%	$396.3M+22.3%	$324.0M+25.0%	$259.3M+63.1%	$158.9M+22.3%	$129.9M+18.2%	$109.9M
Cost of Revenue	$290.1M	$275.2M+13.2%	$243.0M+3.9%	$233.9M+19.0%	$196.5M+17.9%	$166.6M+58.8%	$104.9M+21.4%	$86.4M+13.0%	$76.5M
Gross Profit	$218.0M	$201.0M+13.3%	$177.4M+9.2%	$162.4M+27.4%	$127.5M+37.6%	$92.7M+71.5%	$54.0M+24.2%	$43.5M+30.1%	$33.4M
R&D Expenses	N/A	$2.9M0.0%	$2.9M0.0%	$2.9M+625.0%	$400K0.0%	$400K+300.0%	$100K-83.4%	$602K+169.1%	$224K
SG&A Expenses	$91.6M	$87.2M+15.7%	$75.4M+18.4%	$63.7M+32.0%	$48.2M+40.6%	$34.3M+64.0%	$20.9M+11.0%	$18.8M+27.0%	$14.8M
Operating Income	$68.5M	$62.6M+5.9%	$59.1M-11.7%	$67.0M+24.2%	$53.9M+34.5%	$40.1M+71.7%	$23.4M+36.8%	$17.1M+44.7%	$11.8M
EBITDA	N/A	$75.9M+7.1%	$70.8M-7.5%	$76.6M+23.9%	$61.8M+38.8%	$44.5M+73.8%	$25.6M+36.3%	$18.8M+42.5%	$13.2M
Interest Expense	$267K	$83K-91.7%	$996K-20.2%	$1.2M-11.5%	$1.4M+365.3%	$303K+21.7%	$249K+157.6%	$97K-42.6%	$168K
Income Tax	$13.5M	$12.5M+10.5%	$11.3M-14.7%	$13.2M+25.0%	$10.6M+34.4%	$7.9M+74.1%	$4.5M+53.0%	$3.0M+7.1%	$2.8M
Net Income	$54.7M	$51.2M+12.6%	$45.5M-13.8%	$52.8M+27.6%	$41.4M+31.1%	$31.6M+72.7%	$18.3M+30.8%	$14.0M+60.4%	$8.7M
EPS (Basic)	N/A	$1.85+12.1%	$1.65-13.6%	$1.91+27.3%	$1.50+31.6%	$1.14+72.7%	$0.66+29.4%	$0.51	N/A
EPS (Diluted)	$1.97	$1.85+12.1%	$1.65-13.6%	$1.91+27.3%	$1.50+31.6%	$1.14+72.7%	$0.66+29.4%	$0.51	N/A
Diluted Shares (Avg)	N/A	28M+0.1%	28M0.0%	28M+0.1%	28M0.0%	28M0.0%	28M0.0%	28M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$143.1M+14.7%	$117.4M+13.1%	$122.3M+13.7%	$125.4M+11.1%	$124.7M+13.5%	$103.8M+15.2%	$107.5M+1.9%	$112.9M+9.9%
Cost of Revenue	$79.9M+12.2%	$66.1M+10.4%	$71.1M+11.4%	$73.0M+12.4%	$71.2M+14.7%	$59.9M+14.7%	$63.8M-1.2%	$64.9M+6.2%
Gross Profit	$63.1M+18.0%	$51.2M+16.7%	$51.2M+17.1%	$52.4M+9.4%	$53.5M+11.8%	$43.9M+15.9%	$43.7M+6.8%	$47.9M+15.4%
SG&A Expenses	$24.5M+9.8%	$23.1M+10.3%	$22.1M+11.3%	$21.9M+15.8%	$22.4M+21.5%	$20.9M+14.5%	$19.8M+13.6%	$18.9M+16.8%
Operating Income	$23.2M+20.3%	$13.0M+17.0%	$15.5M+25.4%	$16.8M-8.9%	$19.3M+0.6%	$11.1M+20.5%	$12.3M-13.2%	$18.4M+4.3%
EBITDA	$27.2M+21.5%	$16.7M+17.8%	$19.3M+25.2%	$20.1M-6.2%	$22.4M+1.4%	$14.2M+18.4%	$15.4M-8.8%	$21.4M+6.2%
Interest Expense	$262K+3642.9%	$4K-94.7%	$0-100.0%	$1K-99.0%	$7K-98.2%	$75K-84.1%	$34K-88.7%	$97K+14.1%
Income Tax	$5.1M+22.6%	$2.8M+3.3%	$2.2M-4.6%	$3.5M-6.0%	$4.1M+18.2%	$2.7M+48.2%	$2.3M-15.8%	$3.7M+6.9%
Net Income	$18.0M+10.7%	$10.3M+20.5%	$13.4M+50.7%	$12.9M-13.1%	$16.3M+8.4%	$8.6M+28.8%	$8.9M-25.7%	$14.9M+9.1%
EPS (Basic)	$0.65+10.2%	$0.37+19.4%	$0.48+45.5%	$0.47-13.0%	$0.59+9.3%	$0.31+29.2%	$0.33-23.3%	$0.54+10.2%
EPS (Diluted)	$0.65+10.2%	$0.37+19.4%	$0.48+45.5%	$0.47-13.0%	$0.59+9.3%	$0.31+29.2%	$0.33-23.3%	$0.54+10.2%
Diluted Shares (Avg)	28M-0.1%	28M0.0%	N/A	28M+0.2%	28M+0.1%	28M+0.1%	N/A	28M0.0%

Not reported in any period shown, so not listed: R&D Expenses.

XPEL Balance Sheet

XPEL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$382.5M+33.9%	$285.6M+13.3%	$252.0M+30.3%	$193.4M+20.1%	$161.0M+92.1%	$83.8M+62.5%	$51.6M+68.9%	$30.5M
Current Assets	$230.7M+37.0%	$168.3M+14.9%	$146.5M+37.1%	$106.8M+35.2%	$79.0M+25.9%	$62.8M+73.0%	$36.3M+72.5%	$21.0M
Cash & Equivalents	$50.9M+130.3%	$22.1M+90.3%	$11.6M+44.1%	$8.1M-16.5%	$9.6M-66.8%	$29.0M+152.4%	$11.5M+189.6%	$4.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$122.8M+10.7%	$110.9M+4.1%	$106.5M+32.2%	$80.6M+55.1%	$51.9M+132.2%	$22.4M+47.7%	$15.1M+40.2%	$10.8M
Accounts Receivable	$49.8M+71.0%	$29.1M+20.9%	$24.1M+63.7%	$14.7M+11.9%	$13.2M+32.3%	$9.9M+39.0%	$7.2M+28.8%	$5.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$59.3M+34.3%	$44.1M+17.8%	$37.5M+40.0%	$26.8M+4.3%	$25.7M+473.7%	$4.5M+85.8%	$2.4M+3.6%	$2.3M
Total Liabilities	$97.3M+61.8%	$60.2M-16.5%	$72.1M+5.0%	$68.6M-10.3%	$76.6M+151.3%	$30.5M+82.3%	$16.7M+68.3%	$9.9M
Current Liabilities	$71.0M+71.0%	$41.5M+13.8%	$36.5M+33.1%	$27.4M-24.4%	$36.3M+71.1%	$21.2M+79.9%	$11.8M+38.9%	$8.5M
Non-Current Liabilities	$26.3M+41.4%	$18.6M-47.6%	$35.6M-13.7%	$41.2M+2.4%	$40.3M+335.2%	$9.3M+88.1%	$4.9M+240.1%	$1.4M
Long-Term Debt	$0	N/A	N/A	N/A	$458K-92.9%	$6.5M+703.7%	$807K	N/A
Total Equity	$280.3M+24.3%	$225.5M+25.3%	$180.0M+44.3%	$124.7M+47.7%	$84.5M+58.2%	$53.4M+52.3%	$35.1M+68.5%	$20.8M
Retained Earnings	$265.3M+23.9%	$214.1M+27.0%	$168.6M+45.6%	$115.8M+55.6%	$74.4M+73.6%	$42.9M+74.3%	$24.6M+131.7%	$10.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$472.6M+48.6%	$394.4M+33.8%	$382.5M+33.9%	$387.7M+42.0%	$318.1M+21.5%	$294.8M+14.1%	$285.6M+13.3%	$273.0M+20.4%
Current Assets	$226.9M+15.0%	$237.2M+33.0%	$230.7M+37.0%	$234.5M+47.8%	$197.3M+33.4%	$178.3M+16.6%	$168.3M+14.9%	$158.7M+15.0%
Cash & Equivalents	$40.7M-18.0%	$45.1M+91.6%	$50.9M+130.3%	$64.5M+207.3%	$49.6M+231.0%	$23.5M+173.3%	$22.1M+90.3%	$21.0M+102.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$128.0M+22.9%	$131.6M+14.1%	$122.8M+10.7%	$128.7M+26.7%	$104.1M+6.7%	$115.3M+4.7%	$110.9M+4.1%	$101.6M+9.9%
Accounts Receivable	$53.6M+40.6%	$53.5M+60.4%	$49.8M+71.0%	$36.9M+24.7%	$38.1M+29.4%	$33.4M+16.8%	$29.1M+20.9%	$29.6M+22.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$61.3M+31.8%	$57.4M+29.2%	$59.3M+34.3%	$52.3M+20.6%	$46.5M+8.0%	$44.4M+18.0%	$44.1M+17.8%	$43.3M+51.6%
Total Liabilities	$154.1M+146.9%	$101.9M+71.6%	$97.3M+61.8%	$113.8M+109.6%	$62.4M+4.2%	$59.4M-17.6%	$60.2M-16.5%	$54.3M-9.8%
Current Liabilities	$86.9M+94.8%	$77.2M+85.7%	$71.0M+71.0%	$84.3M+131.0%	$44.6M+43.8%	$41.6M+30.7%	$41.5M+13.8%	$36.5M-21.5%
Non-Current Liabilities	$67.2M+277.5%	$24.6M+38.5%	$26.3M+41.4%	$29.5M+65.8%	$17.8M-38.4%	$17.8M-55.8%	$18.6M-47.6%	$17.8M+30.1%
Long-Term Debt	$43.5M	N/A	$0	N/A	N/A	N/A	N/A	N/A
Total Equity	$306.1M+19.7%	$287.5M+22.1%	$280.3M+24.3%	$269.3M+23.1%	$255.7M+26.7%	$235.5M+26.3%	$225.5M+25.3%	$218.7M+31.3%
Retained Earnings	$293.7M+22.9%	$275.7M+23.8%	$265.3M+23.9%	$251.9M+22.8%	$239.0M+25.6%	$222.7M+27.0%	$214.1M+27.0%	$205.2M+31.0%

XPEL Cash Flow Statement

XPEL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$74.0M	$66.9M+40.0%	$47.8M+27.9%	$37.4M+210.1%	$12.1M-34.0%	$18.3M-1.1%	$18.5M+68.4%	$11.0M+61.3%	$6.8M
Depreciation & Amortization	N/A	$13.3M+13.3%	$11.7M+21.9%	$9.6M+22.5%	$7.8M+78.5%	$4.4M+96.8%	$2.2M+31.4%	$1.7M+23.1%	$1.4M
Stock-Based Compensation	N/A	$2.8M-13.9%	$3.2M+94.9%	$1.6M+214.2%	$522K+208.9%	$169K	$0	$0	N/A
Capital Expenditures	$76.9M	$4.0M-40.3%	$6.7M+5.6%	$6.4M-19.9%	$7.9M+18.0%	$6.7M+277.4%	$1.8M+13.5%	$1.6M-22.7%	$2.0M
Free Cash Flow	-$2.9M	$62.9M+53.1%	$41.1M+32.5%	$31.0M+652.9%	$4.1M-64.3%	$11.5M-30.8%	$16.7M+77.6%	$9.4M+97.1%	$4.8M
Investing Cash Flow	-$113.7M	-$33.8M-83.5%	-$18.4M+30.2%	-$26.4M-86.2%	-$14.2M+75.1%	-$56.8M-1118.0%	-$4.7M-102.5%	-$2.3M+25.5%	-$3.1M
Financing Cash Flow	$31.3M	-$3.7M+81.0%	-$19.3M-165.2%	-$7.3M-1305.8%	$602K-96.9%	$19.2M+448.0%	$3.5M+407.1%	-$1.1M+63.1%	-$3.1M
Share Buybacks	N/A	$3.0M	$0	$0	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$30.8M+10.4%	$7.4M+128.6%	$2.7M-57.8%	$33.2M+69.5%	$27.9M+3.7%	$3.2M+165.1%	$6.3M+666.4%	$19.6M+75.8%
Depreciation & Amortization	$4.0M+29.0%	$3.7M+20.5%	$3.8M+24.1%	$3.3M+10.0%	$3.1M+6.9%	$3.1M+11.4%	$3.1M+13.2%	$3.0M+20.0%
Stock-Based Compensation	N/A	$934K+37.6%	N/A	N/A	N/A	$679K+7.8%	N/A	N/A
Capital Expenditures	$65.1M+6804.0%	$9.7M+868.6%	$1.1M-34.0%	$988K-21.4%	$943K-47.9%	$1.0M-50.3%	$1.6M+0.8%	$1.3M-12.4%
Free Cash Flow	-$34.3M-227.4%	-$2.3M-205.0%	$1.6M-66.1%	$32.2M+75.8%	$26.9M+7.4%	$2.2M+131.9%	$4.7M+272.0%	$18.3M+88.8%
Investing Cash Flow	-$72.9M-5310.8%	-$9.9M-535.8%	-$13.0M-139.8%	-$17.9M-648.6%	-$1.3M+82.0%	-$1.6M+50.0%	-$5.4M+66.4%	-$2.4M-21.9%
Financing Cash Flow	$38.3M+43133.7%	-$3.6M-2000.6%	-$3.2M-9405.9%	-$166K+98.5%	-$89K+99.3%	-$170K-103.4%	-$34K-100.2%	-$11.1M+15.5%
Share Buybacks	$0	$2.9M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

XPEL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPEL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	42.2%0.0pp	42.2%+1.2pp	41.0%+1.6pp	39.4%+3.6pp	35.8%+1.8pp	34.0%+0.5pp	33.5%+3.1pp	30.4%
Operating Margin	13.2%-0.9pp	14.1%-2.8pp	16.9%+0.3pp	16.7%+1.2pp	15.5%+0.8pp	14.7%+1.6pp	13.2%+2.4pp	10.7%
Net Margin	10.8%-0.1pp	10.8%-2.5pp	13.3%+0.6pp	12.8%+0.6pp	12.2%+0.7pp	11.5%+0.7pp	10.8%+2.8pp	7.9%
Return on Equity	18.3%-1.9pp	20.2%-9.2pp	29.3%-3.8pp	33.2%-4.2pp	37.4%+3.1pp	34.3%-5.6pp	39.9%-2.0pp	41.9%
Return on Assets	13.4%-2.5pp	15.9%-5.0pp	20.9%-0.5pp	21.4%+1.8pp	19.6%-2.2pp	21.8%-5.3pp	27.1%-1.4pp	28.5%
Current Ratio	3.25-0.8x	4.050.0x	4.02+0.1x	3.90+1.7x	2.18-0.8x	2.96-0.1x	3.08+0.6x	2.48
Debt-to-Equity	0.00-0.3x	0.27-0.1x	0.40-0.2x	0.55+0.5x	0.01-0.1x	0.12+0.1x	0.02-0.5x	0.48
Asset Turnover	1.24-0.2x	1.47-0.1x	1.57-0.1x	1.68+0.1x	1.61-0.3x	1.90-0.6x	2.52-1.1x	3.60
FCF Margin	13.2%+3.4pp	9.8%+2.0pp	7.8%+6.6pp	1.3%-3.2pp	4.5%-6.0pp	10.5%+3.3pp	7.2%+2.9pp	4.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	44.1%+1.2pp	43.6%+1.4pp	41.9%+1.2pp	41.8%-0.7pp	42.9%-0.6pp	42.3%+0.3pp	40.6%+1.9pp	42.5%+2.0pp
Operating Margin	16.2%+0.8pp	11.1%+0.4pp	12.7%+1.2pp	13.4%-2.9pp	15.5%-2.0pp	10.7%+0.5pp	11.5%-2.0pp	16.3%-0.9pp
Net Margin	12.6%-0.5pp	8.8%+0.6pp	11.0%+2.7pp	10.3%-2.9pp	13.1%-0.6pp	8.3%+0.9pp	8.3%-3.1pp	13.2%-0.1pp
Return on Equity	5.9%-0.5pp	3.6%-0.1pp	4.8%+0.8pp	4.8%-2.0pp	6.4%-1.1pp	3.6%+0.1pp	4.0%-2.7pp	6.8%-1.4pp
Return on Assets	3.8%-1.3pp	2.6%-0.3pp	3.5%+0.4pp	3.3%-2.1pp	5.1%-0.6pp	2.9%+0.3pp	3.1%-1.6pp	5.5%-0.6pp
Current Ratio	2.61-1.8x	3.07-1.2x	3.25-0.8x	2.78-1.6x	4.42-0.3x	4.29-0.5x	4.050.0x	4.35+1.4x
Debt-to-Equity	0.14-0.1x	0.35+0.1x	0.00-0.3x	0.42+0.2x	0.24-0.1x	0.25-0.1x	0.27-0.1x	0.25-0.1x
Asset Turnover	0.30-0.1x	0.30-0.1x	0.32-0.1x	0.32-0.1x	0.390.0x	0.350.0x	0.380.0x	0.410.0x
FCF Margin	-24.0%-45.6pp	-2.0%-4.1pp	1.3%-3.1pp	25.7%+9.4pp	21.6%-1.2pp	2.1%+9.9pp	4.4%+7.0pp	16.2%+6.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
XPEL, Inc. XPEL	FY2025	$476.2M	$51.2M	10.8%	$1.2B	80/100
Gentherm Inc THRM	FY2025	$1.5B	$18.3M	1.2%	$1.6B	54/100
Microvast Holdings, Inc. MVST	FY2025	$427.5M	-$29.0M	-6.8%	$200.0M	40/100
Standard Motor Products SMP	FY2025	$1.8B	$42.2M	2.4%	$825.5M	55/100
Fox Factory Holding Corp. FOXF	FY2025	$1.5B	-$544.6M	-37.1%	$674.2M	38/100
DOUGLAS DYNAMICS, INC. PLOW	FY2025	$656.1M	$46.9M	7.1%	$912.5M	62/100

Where XPEL, Inc. Ranks

Frequently Asked Questions

What is XPEL, Inc.'s annual revenue?

XPEL, Inc. (XPEL) reported $476.2M in total revenue for fiscal year 2025. This represents a 13.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is XPEL, Inc.'s revenue growing?

XPEL, Inc. (XPEL) revenue grew by 13.3% year-over-year, from $420.4M to $476.2M in fiscal year 2025.

Is XPEL, Inc. profitable?

Yes, XPEL, Inc. (XPEL) reported a net income of $51.2M in fiscal year 2025, with a net profit margin of 10.8%.

What is XPEL, Inc.'s EBITDA?

XPEL, Inc. (XPEL) had EBITDA of $75.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does XPEL, Inc. have?

As of fiscal year 2025, XPEL, Inc. (XPEL) had $50.9M in cash and equivalents against $0 in long-term debt.

What is XPEL, Inc.'s gross margin?

XPEL, Inc. (XPEL) had a gross margin of 42.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is XPEL, Inc.'s operating margin?

XPEL, Inc. (XPEL) had an operating margin of 13.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is XPEL, Inc.'s net profit margin?

XPEL, Inc. (XPEL) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is XPEL, Inc.'s return on equity (ROE)?

XPEL, Inc. (XPEL) has a return on equity of 18.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is XPEL, Inc.'s free cash flow?

XPEL, Inc. (XPEL) generated $62.9M in free cash flow during fiscal year 2025. This represents a 53.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is XPEL, Inc.'s operating cash flow?

XPEL, Inc. (XPEL) generated $66.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are XPEL, Inc.'s total assets?

XPEL, Inc. (XPEL) had $382.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are XPEL, Inc.'s capital expenditures?

XPEL, Inc. (XPEL) invested $4.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does XPEL, Inc. spend on research and development?

XPEL, Inc. (XPEL) invested $2.9M in research and development during fiscal year 2025.

Does XPEL, Inc. buy back shares?

Yes, XPEL, Inc. (XPEL) spent $3.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does XPEL, Inc. have outstanding?

XPEL, Inc. (XPEL) had 28M shares outstanding as of fiscal year 2025.

What is XPEL, Inc.'s current ratio?

XPEL, Inc. (XPEL) had a current ratio of 3.25 as of fiscal year 2025, which is generally considered healthy.

What is XPEL, Inc.'s debt-to-equity ratio?

XPEL, Inc. (XPEL) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is XPEL, Inc.'s return on assets (ROA)?

XPEL, Inc. (XPEL) had a return on assets of 13.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is XPEL, Inc.'s P/E ratio?

XPEL, Inc. (XPEL) trades at 22.1x earnings, its market capitalization divided by net income of $54.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is XPEL, Inc.'s price-to-sales ratio?

XPEL, Inc. (XPEL) trades at 2.4x sales, its market capitalization divided by revenue of $508.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.2B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is XPEL, Inc.'s Altman Z-Score?

XPEL, Inc. (XPEL) has an Altman Z-Score of 10.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is XPEL, Inc.'s Piotroski F-Score?

XPEL, Inc. (XPEL) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are XPEL, Inc.'s earnings high quality?

XPEL, Inc. (XPEL) has an earnings quality ratio of 1.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can XPEL, Inc. cover its interest payments?

XPEL, Inc. (XPEL) has an interest coverage ratio of 754.81x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is XPEL, Inc.?

XPEL, Inc. (XPEL) scores 80 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.