XPEL, Inc. (XPEL) Stock Analysis
Consumer Cyclical · Auto Parts · NasdaqCM
XPEL, Inc. (XPEL) posted $476.20M in revenue for fiscal 2025 (up 13.3% year over year), at a 10.8% net margin, and has compounded revenue about 24.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on XPEL, Inc.
XPEL, Inc. has grown revenue from $109.92M to $476.20M over the last 8 fiscal years, compounding about 24.5% a year. The most recent year was up 13.3%, so growth has cooled from its longer-run pace.
Net margin sits at 10.8% on a 42.2% gross margin.
At today's valuation the market is pricing in roughly 7.7% annual free-cash-flow growth — versus the 30.4% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from XPEL, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
XPEL, Inc. revenue & earnings — last 8 fiscal years
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.92M | $129.93M | $158.92M | $259.26M | $323.99M | $396.29M | $420.40M | $476.20M |
| Gross profit | $33.44M | $43.51M | $54.02M | $92.68M | $127.51M | $162.41M | $177.36M | $201.02M |
| Net income | $8.71M | $13.98M | $18.28M | $31.57M | $41.38M | $52.80M | $45.49M | $51.23M |
| Net margin | 7.9% | 10.8% | 11.5% | 12.2% | 12.8% | 13.3% | 10.8% | 10.8% |
Source: XPEL, Inc. SEC filings (10-K).
XPEL, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 71.0% while revenue rose 13.3% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into XPEL stock?
At today's market cap of $1.25B, XPEL, Inc. is priced for free-cash-flow growth of about 7.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $62.93M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 30.4%/yr over the last five fiscal years and revenue 24.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 8 years of XPEL, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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XPEL, Inc. financial history by metric
Compare XPEL, Inc. with peers
About XPEL, Inc.
XPEL, Inc. manufactures, installs, sells, and distributes protective films, coatings and related services. It offers automotive and surface paint protection, windshield protection, and automotive and architectural window films, as well as proprietary DAP software. The company also provides pre-cut film products, merchandise and apparel, ceramic coatings, installation, and tools and accessories; and training services to customers for the installation of its products. In addition, the company offers paint protection kits, car wash products, after-care products, and installation tools through its website. The company sells and distributes its products through independent installers, new car dealerships, third-party distributors, automobile original equipment manufacturers, and company-owned installation centers, as well as through franchisees and online channels. The company operates in the United States, Canada, China, the Asia Pacific, European Union, the United Kingdom, Africa, India, the Middle East, Latin America, and internationally. XPEL, Inc. was founded in 1997 and is headquartered in San Antonio, Texas.
XPEL, Inc. — frequently asked questions
What is XPEL, Inc.'s revenue?
XPEL, Inc. (XPEL) reported revenue of $476.20M for fiscal year 2025, up 13.3% from the prior year, according to its SEC filings.
Is XPEL, Inc. profitable?
Yes. XPEL earned net income of $51.23M in fiscal 2025, a net margin of 10.8%.
What is XPEL's P/E ratio?
XPEL, Inc. trades at a price-to-earnings ratio of about 23.8 based on the latest data in our nightly-refreshed cache.
How fast is XPEL, Inc. growing?
XPEL's revenue grew at roughly 24.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does XPEL, Inc. have?
As of fiscal year 2025, XPEL carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is XPEL, Inc.'s gross margin?
XPEL's gross margin was 42.2% in fiscal 2025 — gross profit of $201.02M on revenue of $476.20M.
What is XPEL, Inc.'s market cap?
XPEL, Inc. (XPEL) has a market capitalization of about $1.25B, based on the latest data in our nightly-refreshed cache.
When does XPEL, Inc.'s fiscal year end?
XPEL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into XPEL stock?
At today's market cap of $1.25B, XPEL, Inc. is priced for free-cash-flow growth of about 7.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $62.93M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 30.4%/yr over the last five fiscal years and revenue 24.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from XPEL, Inc.'s official SEC filings (10-K and 10-Q), covering 8 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.