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Xpel, Inc. (XPEL) stock

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NASDAQ: XPEL Nasdaq Industrial Machinery & Supplies & Components Next results ~November 4, 2026

C+ Fundamentals grade

Xpel, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$25

Cash-flow model

Base case. Range ~$18–$32 across our lower- and higher-growth cases (7.9%–17.9% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 45% below it.

Price used: $44.84, November 2, 2026

Xpel, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds105 adding, 92 cuttingOf 29 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Xpel files

Where Xpel stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $508m, up 13.2% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to -0.9% from 11.2% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $24.83 a share, against a share price of $45.26.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Xpel, Inc.'s trailing-twelve-month revenue grew 13.2% year on year, with a free-cash-flow margin of -0.9%. Where it stands out: days sales outstanding of 39 days ranks 5 of 65 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$25 per share in the base case (~$18–$32 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Balance sheet growing far ahead of sales: Total assets grew 49% year over year while revenue grew 13% — the balance sheet is expanding 35 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Xpel, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $44.84 is 45% above our value per share of $25.
  • Burning cash. Free cash flow was -0.9% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -8% of net income over the last 12 months.
  • Heavily shorted. 15.4% of the shares available to trade are sold short (14.7 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.65 against an average estimate of $0.60: beat by 7.7%
Revenue
$143m, up 14.7% on a year earlier
Share reaction
+3.9% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.62

Xpel's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.8%
  • 1 week+5.8%
  • 1 month-0.3%
  • This year-10.1%
  • 1 year+31.5%
  • 5 years-42.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$508M
Operating margin
13.5%
Net margin
10.8%
EPS (TTM, diluted)
$1.98

Growth

Revenue growth
+13.2%
Change in growth rate
+0.4 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
-$4.5M
FCF margin
-0.9%
Stock pay % of revenue
0.6%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Xpel, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 23.3% a year of cash-flow growth for five years.That is faster than the 14.4% a year revenue growth Xpel has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in23.3%
  • Last 12 months13.2%
  • 3 years a year12.6%
  • 5 years a year14.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($44.34, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$25
Price used
$44.34close November 3, 2026
Implied change
▼ 45%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Xpel, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($22.9M, FY2026 Q2 TTM), growing 11.7% and 12.6% in the next two years (forecasts, guidance and its record), then back to 12.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$32 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Xpel, Inc.'s free cash flow after stock-based pay ( $22.9M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Xpel, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$25 ~$18–$32 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$28 ~$37–$61 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$88 ~$62–$130 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$44 ~$38–$52 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$42 ~$25–$88 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Xpel, Inc. with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$16$21$29$39$51
8.5% $9$12$16$21$28$37
10% $7$9$12$17$22$29

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$14.65$51.56$68.28$60.06$53.85$39.94$49.91$44.84
Market value$405m$1.4bn$1.9bn$1.7bn$1.5bn$1.1bn$1.4bn$1.2bn
+ Net debt (− = net cash)−$10m−$20m$16m$18m$7m−$22m−$51m$4m
Enterprise value$394m$1.4bn$1.9bn$1.7bn$1.5bn$1.1bn$1.3bn$1.2bn
Multiples
Price / sales 3.1x9.0x7.3x5.1x3.8x2.6x2.9x2.4x
Price / earnings 28.9x77.9x59.7x40.1x28.2x24.3x27.0x22.7x
Price / free cash flow 43.1x85.3x163.3xn/m48.0x26.9x22.0x—
EV / EBITDA 21.9x57.0x45.3x29.2x20.9x16.7x19.3x16.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

74 /100

Strong moat

How hard Xpel's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 18.5% of total assets over 7 years.

  • Pricing power 12 / 20

    Gross margin has been a median 39.2%, moving by 3.9 percentage points (standard deviation) across 8 years.

  • Durability 14 / 20

    Operating margin has been a median 14.2%; its worst year was 10.8%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 8 years, at a median 7.5% of revenue.

  • Discipline 17 / 20

    The diluted share count rose 0.2% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $139m and EPS of $0.62 (range $0.62 to $0.62) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.25 — $532m +12%
Next $2.70 +20% $589m +11%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.60 $0.65 +7.7%
Mar 2026 $0.36 $0.37 +1.8%
Dec 2025 $0.45 $0.48 +7.5%
Sept 2025 $0.52 $0.47 −9.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Xpel, Inc.'s revenue by +11.7% next year and +12.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.3%, weight 45%) and the company's own record (+12.9%, weight 55%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202633

Counts of recommendations published by analysts covering Xpel, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.4%
of tradable shares
Days to cover
14.71
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
9.4%
of shares
Employees
1,337
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +31.5%

$34.10 on October 31, 2025 to $44.84

ThenNowEffect
Revenue (last 12 months) $449m $508m +13.2%
Net margin 10.8% 10.8% −0.6%
P/E multiple 19.4x 22.7x +17.0%
Share count 28m 28m 0.0%

Biggest factor: p/e multiple.

Last 3 years −10.6%

$50.16 on November 3, 2023 to $44.84

ThenNowEffect
Revenue (last 12 months) $356m $508m +42.6%
Net margin 13.7% 10.8% −21.4%
P/E multiple 28.4x 22.7x −20.1%
Share count 28m 28m −0.2%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
XPEL+32%−12%−10%−26%+25%−10%
Industry peers (median)+19%−15%+21%+2%+9%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
XPEL58%42%50%42%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
XPEL−38%−43%−50%−46%−45%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since July 1, 2019: 76% from July 23, 2021 to April 8, 2025. Getting back needed a 310% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$34.61 – $54.95
From 52-week high
−18.4%
vs 50-day average
−2.5%
vs 200-day average
−2.8%
Volatility (1 year)
40%
Beta vs S&P 500
0.86

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±15.2%
After a week
6 up, 6 down
typical move ±18.8%
After a month
6 up, 6 down
typical move ±17.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +3.9% −0.4% +6.8% +10.9%
May 6, 2026 −11.0% +1.1% −16.8% −9.7%
February 25, 2026 −10.7% +0.3% −12.8% −20.1%
November 5, 2025 +3.4% −0.7% +14.8% +40.6%
August 6, 2025 +6.6% +0.7% +17.4% +8.9%
May 6, 2025 +21.8% −0.4% +33.0% +25.3%
February 26, 2025 −20.6% −1.5% −24.8% −21.8%
November 7, 2024 +6.2% +1.2% +8.9% +7.9%
August 8, 2024 +40.1% +2.8% +40.0% +35.0%
May 2, 2024 −40.4% +2.2% −38.5% −28.4%
February 22, 2024 −4.7% +2.1% −5.4% −4.3%
November 8, 2023 −13.0% −0.7% −5.9% −1.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Xpel, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Xpel, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Xpel, Inc.
$350M $400M $450M $500M $550M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $369.2M Revenue (TTM), FY23 Q4: $396.3M Revenue (TTM), FY24 Q1: $400.6M Revenue (TTM), FY24 Q2: $408.2M Revenue (TTM), FY24 Q3: $418.4M Revenue (TTM), FY24 Q4: $420.4M Revenue (TTM), FY25 Q1: $434.1M Revenue (TTM), FY25 Q2: $448.9M Revenue (TTM), FY25 Q3: $461.5M Revenue (TTM), FY25 Q4: $476.2M Revenue (TTM), FY26 Q1: $489.7M Revenue (TTM), FY26 Q2: $508.1M $508.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $369.2M
FY23 Q4 $396.3M
FY24 Q1 $400.6M
FY24 Q2 $408.2M
FY24 Q3 $418.4M
FY24 Q4 $420.4M
FY25 Q1 $434.1M
FY25 Q2 $448.9M
FY25 Q3 $461.5M
FY25 Q4 $476.2M
FY26 Q1 $489.7M
FY26 Q2 $508.1M
Revenue growth, TTM YoY Xpel, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 17.0% Revenue growth, TTM YoY, FY23 Q4: 22.3% Revenue growth, TTM YoY, FY24 Q1: 18.5% Revenue growth, TTM YoY, FY24 Q2: 14.6% Revenue growth, TTM YoY, FY24 Q3: 13.3% Revenue growth, TTM YoY, FY24 Q4: 6.1% Revenue growth, TTM YoY, FY25 Q1: 8.4% Revenue growth, TTM YoY, FY25 Q2: 10.0% Revenue growth, TTM YoY, FY25 Q3: 10.3% Revenue growth, TTM YoY, FY25 Q4: 13.3% Revenue growth, TTM YoY, FY26 Q1: 12.8% Revenue growth, TTM YoY, FY26 Q2: 13.2% 13.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 17.0%
FY23 Q4 22.3%
FY24 Q1 18.5%
FY24 Q2 14.6%
FY24 Q3 13.3%
FY24 Q4 6.1%
FY25 Q1 8.4%
FY25 Q2 10.0%
FY25 Q3 10.3%
FY25 Q4 13.3%
FY26 Q1 12.8%
FY26 Q2 13.2%
Operating margin (TTM) Xpel, Inc.
12% 14% 16% 18% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 17.2% Operating margin (TTM), FY23 Q4: 16.9% Operating margin (TTM), FY24 Q1: 15.3% Operating margin (TTM), FY24 Q2: 14.8% Operating margin (TTM), FY24 Q3: 14.6% Operating margin (TTM), FY24 Q4: 14.1% Operating margin (TTM), FY25 Q1: 14.1% Operating margin (TTM), FY25 Q2: 13.6% Operating margin (TTM), FY25 Q3: 12.9% Operating margin (TTM), FY25 Q4: 13.2% Operating margin (TTM), FY26 Q1: 13.2% Operating margin (TTM), FY26 Q2: 13.5% 13.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 17.2%
FY23 Q4 16.9%
FY24 Q1 15.3%
FY24 Q2 14.8%
FY24 Q3 14.6%
FY24 Q4 14.1%
FY25 Q1 14.1%
FY25 Q2 13.6%
FY25 Q3 12.9%
FY25 Q4 13.2%
FY26 Q1 13.2%
FY26 Q2 13.5%
FCF margin (TTM) Xpel, Inc.
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 8.8% FCF margin (TTM), FY23 Q4: 7.5% FCF margin (TTM), FY24 Q1: 6.0% FCF margin (TTM), FY24 Q2: 5.7% FCF margin (TTM), FY24 Q3: 7.6% FCF margin (TTM), FY24 Q4: 9.3% FCF margin (TTM), FY25 Q1: 11.1% FCF margin (TTM), FY25 Q2: 11.2% FCF margin (TTM), FY25 Q3: 14.0% FCF margin (TTM), FY25 Q4: 12.9% FCF margin (TTM), FY26 Q1: 11.7% FCF margin (TTM), FY26 Q2: -0.9% -0.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 8.8%
FY23 Q4 7.5%
FY24 Q1 6.0%
FY24 Q2 5.7%
FY24 Q3 7.6%
FY24 Q4 9.3%
FY25 Q1 11.1%
FY25 Q2 11.2%
FY25 Q3 14.0%
FY25 Q4 12.9%
FY26 Q1 11.7%
FY26 Q2 -0.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 110 130 159 259 324 396 420 476 508
Gross profit 33 44 54 93 128 162 177 201 218
EBITDA 13 18 25 42 57 72 65 69 75
Operating income 12 17 23 40 54 67 59 63 68
Net income 9 14 18 32 41 53 45 51 55
Diluted EPS $0.32 $0.51 $0.66 $1.14 $1.50 $1.91 $1.65 $1.85 $1.98
Growth (year on year)
Revenue — +18.2% +22.3% +63.1% +25.0% +22.3% +6.1% +13.3% +13.2%
EBITDA — +43.5% +36.9% +70.4% +36.6% +24.6% −9.1% +6.1% +11.5%
Operating income — +44.7% +36.8% +71.7% +34.5% +24.2% −11.7% +5.9% +11.9%
Net income — +60.4% +30.8% +72.7% +31.1% +27.6% −13.8% +12.6% +12.5%
Diluted EPS — +59.4% +29.4% +72.7% +31.6% +27.3% −13.6% +12.1% +12.4%
Margins
Gross margin 30.4% 33.5% 34.0% 35.7% 39.4% 41.0% 42.2% 42.2% 42.9%
EBITDA margin 11.4% 13.9% 15.5% 16.2% 17.7% 18.0% 15.5% 14.5% 14.8%
Operating margin 10.7% 13.2% 14.7% 15.5% 16.6% 16.9% 14.1% 13.2% 13.5%
Net margin 7.9% 10.8% 11.5% 12.2% 12.8% 13.3% 10.8% 10.8% 10.8%
Free-cash-flow margin 4.3% 7.2% 10.5% 4.5% 1.3% 7.8% 9.8% 13.2% −0.6%
Cash flow
Cash from operations 7 11 18 18 12 37 48 67 74
Capital spending 2 2 2 7 8 6 7 4 77
Free cash flow 5 9 17 12 4 31 41 63 −3
Stock-based pay — 0 0 0 1 2 3 3 3
Free cash flow after stock pay — 9 17 11 4 29 38 60 −6
Balance sheet
Cash 4 12 29 10 8 12 22 51 41
Total debt 2 1 9 25 26 19 0 0 45
Net debt (negative = net cash) −2 −10 −20 16 18 7 −22 −51 4
Diluted shares 28m 28m 28m 28m 28m 28m 28m 28m 28m
Returned to shareholders
Buybacks — — — — — 0 0 3 —
Total returned — — — — — 0 0 3 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $473m
Short-term assets $227mLonger-term assets $246m
What it owes, and who funded it · $460m
Short-term liabilities $87mLonger-term liabilities $67mShareholders' equity $306m
  • Short-term assets cover short-term liabilities $227m of assets due within a year against $87m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $227m short-term assets against $67m of longer-dated liabilities.
  • More cash than debt $41m of cash against $45m of debt.
  • Debt below 40% of shareholders' equity Debt is 15% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 15% over five years.
  • A year's operating cash flow covers at least 20% of debt $74m of operating cash flow against $45m of debt.
  • Operating profit covers interest at least five times over Operating income of $68m against $267,000 of interest.

From Xpel, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$3M
Diluted share count
+0.0%
year over year
Days sales outstanding
39 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated XPEL NNBR PRLB MEC AP EPAC Median
Revenue, last 12 months $508m $483m $579m $586m $428m $652m $1.4bn
Revenue growth, last 12 months 13.2% 13.9% 11.8% 11.8% 3.3% 5.7% 8.3%
Revenue growth, 3-year average 12.6% −0.8% 5.4% 2.4% 1.8% 2.9% 4.0%
Revenue growth, latest quarter 14.7% 26.2% 14.0% 23.2% −9.0% 10.9% 9.1%
Gross margin 42.9% — 45.2% 9.1% 17.3% 49.2% 35.2%
Operating margin 13.5% −3.1% 7.3% −2.2% −11.1% 19.8% 13.1%
Operating margin, 3-year average 14.0% −4.3% 5.5% 2.6% −5.8% 20.7% 13.7%
Net margin 10.8% −5.4% 6.0% −3.0% −13.8% 13.8% 8.9%
Cash from operations / revenue 14.6% 3.2% 12.5% 2.4% 2.5% 20.0% 11.9%
Free-cash-flow margin −0.9% −0.3% 8.4% −0.8% −0.9% 18.3% 8.8%
Free-cash-flow margin, 3-year average 5.4% −0.8% 10.5% 7.4% −1.3% 15.0% 9.8%
Stock pay / revenue 0.6% 0.7% 2.5% 0.6% 0.3% 1.9% 0.8%
Change in share count 0.0% 15.5% −0.0% 0.1% 2.2% −4.2% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 13.2% 8.3% 26 of 75
Change in growth rate Growth +0.4pp +1.2pp 49 of 75
Gross margin Profitability 42.9% 35.4% 16 of 70
Operating margin Profitability 13.5% 13.0% 36 of 75
Net margin Profitability 10.8% 8.9% 30 of 76
Free-cash-flow margin Cash generation -0.9% 9.1% 58 of 76
Stock pay as % of revenue Cash generation 0.6% 0.8% 23 of 70
Long-term debt as % of assets Balance sheet 9.2% 23.4% 10 of 59
Change in share count Balance sheet 0.0% -0.0% 41 of 73
Days sales outstanding Balance sheet 39 days 63 days 5 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $360M 75.6% ▲ 12.9%
Product Revenue Paint Protection Film $249M 69.3% ▲ 10.0%
Product Revenue Window Film $94.5M 26.3% ▲ 21.7%
Product Revenue Other $15.9M 4.4% ▲ 9.9%
Services $116M 24.4% ▲ 14.6%
Service Revenue Installation Labor $87M 74.8% ▲ 16.9%
Service Revenue Cutbank Credits $16.5M 14.2% ▼ 2.9%
Service Revenue Software $8.7M 7.5% ▲ 8.3%
Service Revenue Other $4M 3.5% ▲ 102.2%
Geography
Region Revenue Share YoY
North America $315M 66.2% ▲ 7.7%
United States $266M 84.3% ▲ 10.5%
Canada $49.5M 15.7% ▼ 5.0%
EUUK and Africa $64.1M 13.5% ▲ 18.7%
Asia Pacific $60.8M 12.8% ▲ 48.4%
China $39.9M 65.6% ▲ 65.3%
Asia Other $20.9M 34.4% ▲ 24.2%
India and Middle East $25M 5.2% ▲ 18.6%
Latin America $11M 2.3% ▼ 5.7%

From Xpel, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
210
Shares held vs prior quarter
▲ 3.6%
Positions opened / closed
29 / 25

Top buyers and sellers, Q2 2026: 105 institutions bought and 92 sold ; the biggest buyer was Mawer Investment Management Ltd (+310K shares) and the biggest seller Divisadero Street Capital Management, LP (−392K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $190M 3.8M 16.4% ▲ 3.6%
Wasatch Advisors LP $181M 3.7M 15.6% ▼ 5.0%
Alta Fox Capital Management, LLC $98.7M 2.0M 8.5% ▲ 3.4%
Scs Capital Management LLC $61.6M 1.2M 5.3% 0.0%
Vanguard Capital Management LLC $52.1M 1.1M 4.5% ▲ 0.6%
State Street Corp $48.2M 971K 4.1% ▲ 4.8%
Schwartz Investment Counsel Inc $40.8M 823K 3.5% ▼ 0.2%
Westwood Holdings Group Inc $40.2M 811K 3.5% ▲ 0.7%
Geode Capital Management, LLC $32.6M 656K 2.8% ▲ 6.0%
Vanguard Portfolio Management LLC $26.9M 542K 2.3% ▲ 11.1%
Dimensional Fund Advisors LP $24.2M 488K 2.1% ▲ 3.2%
Divisadero Street Capital Management, LP $16.3M 329K 1.4% ▼ 54.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Xpel, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 25, 2026
  • November 5, 2025
  • August 6, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Xpel, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Xpel, Inc. in brief

What does Xpel, Inc. do?
Xpel, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Xpel, Inc.'s stock ticker?
Xpel, Inc. trades under the ticker XPEL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Xpel, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Xpel, Inc. reported revenue of $508M, 13.2% higher than a year earlier, according to its SEC filings.
What is Xpel, Inc.'s free cash flow?
Xpel, Inc.'s free-cash-flow margin is -0.9% of revenue over the trailing twelve months, ranking 58 of the 76 industrial machinery & supplies & components companies we cover.
What is Xpel, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Xpel, Inc.'s free cash flow after stock-based pay gives ~$25 per share in the base case, and ~$18–$32 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Xpel, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Wasatch Advisors LP and Alta Fox Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Xpel, Inc.'s market cap?
On November 2, 2026, Xpel, Inc.'s market capitalisation was about $1.2B, with a price-to-earnings ratio of 22.7 and net debt of $4.1M. Market figures come from third-party market data and may be delayed.
How much debt does Xpel, Inc. have?
Xpel, Inc.'s debt-to-equity ratio is 14.6%, from its latest balance sheet (0.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Xpel, Inc.'s competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Xpel, Inc. are NN Inc, Proto Labs Inc, Mayville Engineering Company, Inc., Ampco Pittsburgh Corp and Enerpac Tool Group Corp. The side-by-side comparison below sets their revenue, margins and growth against Xpel, Inc.'s.
When is Xpel, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Xpel, Inc. announces its own schedule.