XPEL (XPEL) Financials

$36.15 +0.01 (+0.03%)

Closing price 04:00 PM Eastern

Extended Trading

$36.01 -0.14 (-0.40%)

As of 04:47 PM Eastern

Annual Income Statements for XPEL

This table shows XPEL's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	8.71	14	18	32	41	53	45
Consolidated Net Income / (Loss)	8.72	14	18	32	41	53	45
Net Income / (Loss) Continuing Operations	8.72	14	18	32	41	53	45
Total Pre-Tax Income	11	17	23	39	52	66	57
Total Operating Income	12	17	23	40	54	67	59
Total Gross Profit	33	44	54	93	128	162	177
Total Revenue	110	130	159	259	324	396	420
Operating Revenue	110	130	159	259	324	396	420
Total Cost of Revenue	76	86	105	167	196	234	243
Operating Cost of Revenue	76	86	105	167	196	234	243
Total Operating Expenses	22	26	31	53	74	95	118
Selling, General & Admin Expense	15	19	21	34	48	64	75
Marketing Expense	6.80	7.58	9.75	18	25	32	43
Total Other Income / (Expense), net	-0.32	-0.14	-0.57	-0.68	-1.97	-0.94	-2.37
Interest Expense	0.17	0.10	0.25	0.30	1.41	1.25	1.00
Other Income / (Expense), net	-0.16	-0.04	-0.32	-0.37	-0.56	0.31	-1.37
Income Tax Expense	2.76	2.96	4.52	7.87	11	13	11
Basic Earnings per Share	$0.32	$0.51	$0.66	$1.14	$1.50	$1.91	$1.65
Weighted Average Basic Shares Outstanding	27.61M	27.61M	27.61M	27.61M	27.61M	27.62M	27.64M
Diluted Earnings per Share	$0.32	$0.51	$0.66	$1.14	$1.50	$1.91	$1.65
Weighted Average Diluted Shares Outstanding	27.61M	27.61M	27.61M	27.61M	27.62M	27.63M	27.64M
Weighted Average Basic & Diluted Shares Outstanding	27.61M	27.61M	27.61M	27.61M	27.62M	27.63M	27.65M

This table shows XPEL's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	13	8.36	11	16	14	12	6.67	15	15	8.90	8.59
Consolidated Net Income / (Loss)	13	8.36	11	16	14	12	6.67	15	15	8.90	8.59
Net Income / (Loss) Continuing Operations	13	8.36	11	16	14	12	6.67	15	15	8.90	8.59
Total Pre-Tax Income	17	11	14	20	17	15	8.48	19	19	11	11
Total Operating Income	17	11	15	20	18	14	9.23	19	18	12	11
Total Gross Profit	36	31	36	44	42	41	38	48	48	44	44
Total Revenue	90	78	86	102	103	106	90	110	113	108	104
Operating Revenue	90	78	86	102	103	106	90	110	113	108	104
Total Cost of Revenue	54	47	50	58	61	65	52	62	65	64	60
Operating Cost of Revenue	54	47	50	58	61	65	52	62	65	64	60
Total Operating Expenses	18	20	21	24	24	27	29	29	30	31	33
Selling, General & Admin Expense	12	13	14	16	16	17	18	18	19	20	21
Marketing Expense	6.30	6.85	6.68	8.15	7.73	9.24	10	10	11	12	12
Total Other Income / (Expense), net	-0.76	-0.21	-0.51	-0.37	-0.48	0.43	-0.75	-0.67	0.24	-1.19	0.16
Interest Expense	0.39	0.48	0.52	0.34	0.09	0.30	0.47	0.39	0.10	0.03	0.08
Other Income / (Expense), net	-0.37	0.27	0.01	-0.03	-0.40	0.73	-0.27	-0.28	0.33	-1.16	0.24
Income Tax Expense	3.23	2.28	2.98	4.08	3.49	2.68	1.82	3.49	3.73	2.26	2.69
Basic Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33	$0.31
Weighted Average Basic Shares Outstanding	27.62M	27.61M	27.62M	27.62M	27.62M	27.62M	27.63M	27.64M	27.64M	27.64M	27.66M
Diluted Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33	$0.31
Weighted Average Diluted Shares Outstanding	27.62M	27.62M	27.63M	27.63M	27.64M	27.63M	27.64M	27.64M	27.64M	27.64M	27.68M
Weighted Average Basic & Diluted Shares Outstanding	27.62M	27.62M	27.62M	27.62M	27.63M	27.63M	27.63M	27.64M	27.65M	27.65M	27.66M

This table details how cash moves in and out of XPEL's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	1.21	15	17	-19	-2.99	7.54	20
Net Cash From Operating Activities	6.80	11	18	18	12	37	48
Net Cash From Continuing Operating Activities	6.80	11	18	18	12	37	48
Net Income / (Loss) Continuing Operations	8.72	14	18	32	41	53	45
Consolidated Net Income / (Loss)	8.72	14	18	32	41	53	45
Depreciation Expense	0.74	0.92	1.27	1.89	3.43	4.53	5.82
Amortization Expense	0.69	0.84	1.02	2.53	4.41	5.06	5.88
Non-Cash Adjustments To Reconcile Net Income	0.22	0.30	0.11	0.44	0.98	1.87	3.54
Changes in Operating Assets and Liabilities, net	-3.56	-5.09	-2.22	-18	-38	-27	-13
Net Cash From Investing Activities	-3.09	-2.30	-4.66	-57	-14	-26	-18
Net Cash From Continuing Investing Activities	-3.09	-2.30	-4.66	-57	-14	-26	-18
Purchase of Property, Plant & Equipment	-2.03	-1.57	-1.78	-6.73	-7.94	-6.36	-6.71
Acquisitions	-0.39	-0.67	-2.94	-50	-1.62	-1.29	-1.88
Purchase of Investments	-0.83	-0.13	-	-	-4.67	-19	-9.86
Sale of Property, Plant & Equipment	0.16	0.07	0.06	0.07	0.07	0.03	0.04
Net Cash From Financing Activities	-3.10	-1.14	3.51	19	0.60	-7.26	-19
Net Cash From Continuing Financing Activities	-3.10	-1.14	3.51	19	0.60	-7.26	-19
Repayment of Debt	-3.10	-1.14	-1.70	19	-0.37	-0.09	-0.06
Issuance of Debt	0.00	0.00	6.00	-	1.00	-7.00	-19
Other Financing Activities, net	-	-	0.00	0.00	-0.03	-0.17	-0.19
Other Net Changes in Cash	0.60	7.52	-	-	-1.50	3.77	10
Cash Interest Paid	0.09	0.02	0.18	0.21	1.31	1.24	1.03
Cash Income Taxes Paid	2.51	4.08	4.46	7.76	9.90	15	14

This table details how cash moves in and out of XPEL's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1.89	-4.06	0.51	12	-7.94	3.46	-6.18	13	2.93	11	3.00
Net Cash From Operating Activities	12	2.36	0.70	27	11	-1.12	-4.96	27	20	6.33	3.23
Net Cash From Continuing Operating Activities	12	2.36	0.70	27	11	-1.12	-4.96	27	20	6.33	3.23
Net Income / (Loss) Continuing Operations	13	8.36	11	16	14	12	6.67	15	15	8.90	8.59
Consolidated Net Income / (Loss)	13	8.36	11	16	14	12	6.67	15	15	8.90	8.59
Depreciation Expense	0.89	0.95	0.97	1.06	1.20	1.31	1.33	1.47	1.50	1.51	1.54
Amortization Expense	1.12	1.15	1.16	1.21	1.29	1.40	1.41	1.44	1.48	1.55	1.52
Non-Cash Adjustments To Reconcile Net Income	0.24	0.32	0.37	0.44	0.55	0.52	0.70	0.93	0.95	0.97	0.75
Changes in Operating Assets and Liabilities, net	-3.34	-8.42	-13	8.23	-5.56	-16	-15	8.02	0.74	-6.60	-9.17
Net Cash From Investing Activities	-5.23	-4.33	-2.36	-5.89	-1.96	-16	-3.11	-7.48	-2.39	-5.42	-1.56
Net Cash From Continuing Investing Activities	-5.23	-4.33	-2.36	-5.89	-1.96	-16	-3.11	-7.48	-2.39	-5.42	-1.56
Purchase of Property, Plant & Equipment	-1.51	-2.40	-2.06	-1.25	-1.44	-1.62	-2.02	-1.81	-1.26	-1.63	-1.00
Acquisitions	-0.75	-0.25	-0.32	-0.20	-0.28	-0.49	-0.34	-0.50	-7.10	6.07	-0.51
Purchase of Investments	-2.99	-1.68	0.00	-4.46	-0.24	-14	-0.76	-5.17	-	-	-0.04
Sale of Property, Plant & Equipment	0.01	0.01	0.01	0.01	-0.00	0.01	0.00	-	0.04	-	0.00
Net Cash From Financing Activities	-6.04	-0.06	1.92	-15	-13	19	4.99	-13	-11	-0.03	-0.17
Net Cash From Continuing Financing Activities	-6.04	-0.06	1.92	-15	-13	19	4.99	-13	-11	-0.03	-0.17
Repayment of Debt	-0.01	-0.06	-0.08	-	-	-0.02	-0.02	-0.02	-19	19	-0.08
Issuance of Debt	-6.00	-	2.00	-15	-13	19	5.00	-13	-	-	0.00
Other Financing Activities, net	-0.03	-	-	-	-0.14	-	0.00	-	-0.09	-0.02	-0.09
Other Net Changes in Cash	0.95	-2.03	0.25	5.76	-3.97	1.73	-3.09	6.31	-	-	1.50
Cash Interest Paid	0.40	0.41	0.52	0.37	0.11	0.24	0.43	0.41	0.15	0.03	0.09
Cash Income Taxes Paid	2.63	2.59	0.75	7.06	3.33	4.15	1.15	5.65	3.46	3.36	0.52

This table presents XPEL's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	31	52	84	161	193	252	286
Total Current Assets	21	36	63	79	107	146	168
Cash & Equivalents	3.97	12	29	9.64	8.06	12	22
Accounts Receivable	5.55	7.15	9.94	13	15	24	29
Inventories, net	11	15	22	52	81	107	111
Prepaid Expenses	0.71	2.39	1.44	3.67	3.46	3.53	5.31
Current Deferred & Refundable Income Taxes	0.00	0.09	0.00	0.62	0.00	0.70	0.89
Plant, Property, & Equipment, net	3.38	4.01	4.71	9.90	14	17	18
Total Noncurrent Assets	6.13	11	16	72	72	89	100
Goodwill	2.32	2.41	4.47	26	27	37	44
Intangible Assets	3.80	3.82	5.42	33	29	35	35
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00
Other Noncurrent Operating Assets	0.00	5.08	6.46	14	16	16	21
Total Liabilities & Shareholders' Equity	31	52	84	161	193	252	286
Total Liabilities	9.93	17	30	77	69	72	60
Total Current Liabilities	8.48	12	21	36	27	36	42
Short-Term Debt	0.85	0.46	2.57	0.38	0.08	0.06	0.06
Accounts Payable	6.29	10	17	33	23	32	37
Current Deferred & Payable Income Tax Liabilities	1.34	0.00	0.18	0.00	0.47	-	0.00
Other Current Liabilities	0.00	1.13	1.65	2.98	3.89	3.97	4.67
Total Noncurrent Liabilities	1.45	4.92	9.26	40	41	36	19
Long-Term Debt	0.97	0.31	3.57	25	26	19	0.23
Noncurrent Deferred & Payable Income Tax Liabilities	0.48	0.60	0.63	2.75	2.05	2.66	0.47
Other Noncurrent Operating Liabilities	0.00	4.01	5.06	12	13	14	18
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	21	35	53	84	125	180	225
Total Preferred & Common Equity	21	35	53	84	125	180	225
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	21	35	53	84	125	180	225
Common Stock	11	11	10	11	11	13	16
Retained Earnings	11	25	43	74	116	169	214
Accumulated Other Comprehensive Income / (Loss)	-1.19	-0.91	0.07	-0.59	-2.20	-1.21	-4.24

This table presents XPEL's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	189	188	208	217	227	258	262	273	295
Total Current Assets	108	105	120	126	138	153	148	159	178
Cash & Equivalents	9.32	10	8.33	14	10	8.61	15	21	24
Accounts Receivable	19	18	21	24	24	29	29	30	33
Inventories, net	74	69	85	83	92	110	98	102	115
Prepaid Expenses	4.43	7.07	6.04	4.66	11	5.58	4.64	6.30	6.09
Current Deferred & Refundable Income Taxes	0.55	0.00	-	-	-	0.00	1.22	0.26	0.00
Plant, Property, & Equipment, net	12	13	15	16	16	18	18	18	17
Total Noncurrent Assets	69	71	72	75	73	88	96	96	99
Goodwill	25	25	27	29	29	38	43	43	44
Intangible Assets	30	29	28	31	29	34	33	34	34
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	0.24
Other Noncurrent Operating Assets	14	16	17	16	15	16	20	20	21
Total Liabilities & Shareholders' Equity	189	188	208	217	227	258	262	273	295
Total Liabilities	86	73	71	63	60	72	60	54	59
Total Current Liabilities	40	32	28	35	47	32	31	37	42
Short-Term Debt	0.16	0.14	0.00	0.00	0.00	0.06	0.06	0.07	0.07
Accounts Payable	37	28	21	31	42	28	26	32	34
Current Deferred & Payable Income Tax Liabilities	-	0.47	2.83	0.33	0.84	0.20	-	-	2.07
Other Current Liabilities	3.67	3.16	4.26	3.87	3.65	3.95	4.72	4.82	5.08
Total Noncurrent Liabilities	46	41	43	28	14	40	29	18	18
Long-Term Debt	32	26	28	13	0.00	24	11	0.26	0.15
Noncurrent Deferred & Payable Income Tax Liabilities	2.41	2.50	1.94	1.48	1.21	2.46	1.74	1.25	0.00
Other Noncurrent Operating Liabilities	11	13	13	13	12	13	16	16	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	103	115	137	153	167	186	202	219	235
Total Preferred & Common Equity	103	115	137	153	167	186	202	219	235
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	103	115	137	153	167	186	202	219	235
Common Stock	11	11	11	12	12	13	14	15	16
Retained Earnings	94	107	127	143	157	175	190	205	223
Accumulated Other Comprehensive Income / (Loss)	-1.86	-3.41	-1.90	-1.45	-2.18	-2.07	-2.37	-1.22	-3.41

This table displays calculated financial ratios and metrics derived from XPEL's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	18.21%	22.31%	63.14%	24.97%	22.32%	6.08%
EBITDA Growth	0.00%	43.86%	34.80%	74.19%	38.64%	25.58%	-9.63%
EBIT Growth	0.00%	46.33%	35.24%	72.39%	34.30%	26.05%	-14.13%
NOPAT Growth	0.00%	57.32%	32.80%	71.38%	33.77%	24.68%	-11.51%
Net Income Growth	0.00%	60.47%	30.63%	72.67%	31.09%	27.59%	-13.85%
EPS Growth	0.00%	59.38%	29.41%	72.73%	31.58%	27.33%	-13.61%
Operating Cash Flow Growth	0.00%	61.33%	68.40%	-1.07%	-34.00%	210.06%	27.93%
Free Cash Flow Firm Growth	0.00%	0.00%	47.51%	-403.67%	101.27%	1,688.29%	268.84%
Invested Capital Growth	0.00%	30.87%	26.20%	228.84%	42.36%	31.54%	8.47%
Revenue Q/Q Growth	0.00%	0.00%	6.08%	9.05%	2.65%	7.33%	0.48%
EBITDA Q/Q Growth	0.00%	0.00%	11.10%	4.47%	5.57%	6.12%	-4.67%
EBIT Q/Q Growth	0.00%	0.00%	11.36%	2.16%	5.61%	6.04%	-6.11%
NOPAT Q/Q Growth	0.00%	0.00%	8.80%	1.47%	4.88%	6.18%	-3.62%
Net Income Q/Q Growth	0.00%	0.00%	8.75%	48.43%	-16.25%	7.34%	-6.33%
EPS Q/Q Growth	0.00%	0.00%	8.20%	0.00%	6.38%	7.30%	-6.25%
Operating Cash Flow Q/Q Growth	0.00%	35.47%	-5.59%	-25.13%	54.78%	-8.51%	18.43%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-177.48%	102.55%	-66.00%	332.61%
Invested Capital Q/Q Growth	0.00%	0.00%	17.50%	40.89%	9.09%	20.22%	2.82%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	30.42%	33.48%	33.99%	35.75%	39.36%	40.98%	42.19%
EBITDA Margin	11.89%	14.47%	15.95%	17.03%	18.89%	19.40%	16.53%
Operating Margin	10.74%	13.15%	14.71%	15.47%	16.65%	16.90%	14.07%
EBIT Margin	10.60%	13.12%	14.51%	15.33%	16.47%	16.98%	13.74%
Profit (Net Income) Margin	7.93%	10.77%	11.50%	12.18%	12.77%	13.32%	10.82%
Tax Burden Percent	75.96%	82.56%	80.17%	80.04%	79.63%	79.96%	80.12%
Interest Burden Percent	98.55%	99.43%	98.92%	99.24%	97.36%	98.15%	98.28%
Effective Tax Rate	24.04%	17.44%	19.83%	19.96%	20.37%	20.04%	19.88%
Return on Invested Capital (ROIC)	48.57%	66.20%	68.56%	49.11%	35.35%	32.41%	24.21%
ROIC Less NNEP Spread (ROIC-NNEP)	60.04%	67.95%	71.25%	64.39%	26.06%	26.57%	51.28%
Return on Net Nonoperating Assets (RNNOA)	-6.26%	-15.77%	-27.14%	-3.31%	4.22%	2.25%	-1.77%
Return on Equity (ROE)	42.31%	50.43%	41.42%	45.80%	39.56%	34.66%	22.44%
Cash Return on Invested Capital (CROIC)	0.00%	39.46%	45.39%	-57.61%	0.39%	5.17%	16.09%
Operating Return on Assets (OROA)	38.14%	41.51%	34.04%	32.46%	30.12%	30.21%	21.49%
Return on Assets (ROA)	28.55%	34.07%	27.00%	25.78%	23.35%	23.71%	16.92%
Return on Common Equity (ROCE)	42.70%	50.75%	41.50%	45.80%	39.56%	34.66%	22.44%
Return on Equity Simple (ROE_SIMPLE)	41.92%	39.92%	34.25%	37.37%	33.18%	29.34%	20.18%
Net Operating Profit after Tax (NOPAT)	8.97	14	19	32	43	54	47
NOPAT Margin	8.16%	10.86%	11.79%	12.38%	13.26%	13.51%	11.27%
Net Nonoperating Expense Percent (NNEP)	-11.47%	-1.76%	-2.69%	-15.28%	9.28%	5.84%	-27.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	28.48%	26.86%	20.99%
Cost of Revenue to Revenue	69.58%	66.52%	66.01%	64.25%	60.64%	59.02%	57.81%
SG&A Expenses to Revenue	13.49%	14.50%	13.16%	13.23%	14.88%	16.06%	17.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.68%	20.33%	19.29%	20.27%	22.71%	24.08%	28.12%
Earnings before Interest and Taxes (EBIT)	12	17	23	40	53	67	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	19	25	44	61	77	69
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	11.54	26.67	22.32	13.30	8.27	4.90
Price to Tangible Book Value (P/TBV)	0.00	14.03	32.74	72.31	24.16	13.82	7.52
Price to Revenue (P/Rev)	0.00	3.11	8.96	7.27	5.12	3.75	2.63
Price to Earnings (P/E)	0.00	28.94	77.87	59.73	40.08	28.18	24.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.46%	1.28%	1.67%	2.49%	3.55%	4.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	16.29	45.94	18.96	11.75	7.97	5.32
Enterprise Value to Revenue (EV/Rev)	0.00	3.03	8.81	7.33	5.17	3.77	2.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	20.93	55.26	43.06	27.39	19.46	15.58
Enterprise Value to EBIT (EV/EBIT)	0.00	23.09	60.76	47.84	31.41	22.23	18.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	27.90	74.77	59.21	39.04	27.93	22.84
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	35.90	75.86	104.07	139.06	40.01	22.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	46.81	112.93	0.00	3,512.38	175.20	34.38
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.09	0.02	0.12	0.30	0.21	0.11	0.00
Long-Term Debt to Equity	0.05	0.01	0.07	0.30	0.21	0.11	0.00
Financial Leverage	-0.10	-0.23	-0.38	-0.05	0.16	0.08	-0.03
Leverage Ratio	1.48	1.48	1.53	1.78	1.69	1.46	1.33
Compound Leverage Factor	1.46	1.47	1.52	1.76	1.65	1.43	1.30
Debt to Total Capital	8.12%	2.16%	10.31%	23.16%	17.29%	9.72%	0.13%
Short-Term Debt to Total Capital	3.80%	1.30%	4.31%	0.34%	0.05%	0.03%	0.03%
Long-Term Debt to Total Capital	4.32%	0.86%	6.00%	22.81%	17.24%	9.69%	0.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.85%	-0.47%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.73%	98.32%	89.69%	76.84%	82.71%	90.28%	99.87%
Debt to EBITDA	0.14	0.04	0.24	0.58	0.43	0.25	0.00
Net Debt to EBITDA	-0.16	-0.57	-0.90	0.36	0.29	0.10	-0.31
Long-Term Debt to EBITDA	0.07	0.02	0.14	0.57	0.42	0.25	0.00
Debt to NOPAT	0.20	0.05	0.33	0.79	0.61	0.36	0.01
Net Debt to NOPAT	-0.24	-0.76	-1.22	0.49	0.42	0.15	-0.46
Long-Term Debt to NOPAT	0.11	0.02	0.19	0.78	0.61	0.36	0.00
Altman Z-Score	0.00	19.37	32.16	18.17	18.42	16.30	14.74
Noncontrolling Interest Sharing Ratio	-0.92%	-0.65%	-0.19%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	2.48	3.08	2.96	2.18	3.90	4.02	4.05
Quick Ratio	1.12	1.58	1.84	0.63	0.83	0.98	1.23
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	8.41	12	-38	0.48	8.54	31
Operating Cash Flow to CapEx	362.49%	730.37%	1,072.98%	274.34%	153.34%	590.86%	716.68%
Free Cash Flow to Firm to Interest Expense	0.00	87.01	49.82	-124.32	0.34	6.84	31.61
Operating Cash Flow to Interest Expense	40.36	113.46	74.16	60.29	8.55	29.96	48.02
Operating Cash Flow Less CapEx to Interest Expense	29.23	97.93	67.25	38.31	2.97	24.89	41.32
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	3.60	3.16	2.35	2.12	1.83	1.78	1.56
Accounts Receivable Turnover	19.79	20.45	18.59	22.44	23.24	20.41	15.79
Inventory Turnover	7.08	6.66	5.59	4.48	2.97	2.50	2.24
Fixed Asset Turnover	32.48	35.12	36.45	35.51	26.89	25.42	24.22
Accounts Payable Turnover	12.16	10.48	7.77	6.70	7.03	8.44	7.02
Days Sales Outstanding (DSO)	18.44	17.85	19.63	16.26	15.71	17.89	23.12
Days Inventory Outstanding (DIO)	51.54	54.78	65.25	81.40	123.08	145.99	163.26
Days Payable Outstanding (DPO)	30.03	34.82	46.96	54.46	51.91	43.24	51.99
Cash Conversion Cycle (CCC)	39.95	37.81	37.92	43.20	86.88	120.63	134.39
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	18	24	30	100	143	188	204
Invested Capital Turnover	5.95	6.10	5.82	3.97	2.67	2.40	2.15
Increase / (Decrease) in Invested Capital	0.00	5.70	6.33	70	42	45	16
Enterprise Value (EV)	0.00	394	1,401	1,901	1,677	1,496	1,082
Market Capitalization	0.00	405	1,424	1,885	1,659	1,488	1,104
Book Value per Share	$0.75	$1.27	$1.93	$3.06	$4.52	$6.51	$8.15
Tangible Book Value per Share	$0.53	$1.04	$1.57	$0.94	$2.49	$3.90	$5.31
Total Capital	22	36	60	110	151	199	226
Total Debt	1.82	0.77	6.14	25	26	19	0.29
Total Long-Term Debt	0.97	0.31	3.57	25	26	19	0.23
Net Debt	-2.15	-11	-23	16	18	7.77	-22
Capital Expenditures (CapEx)	1.88	1.50	1.72	6.66	7.86	6.33	6.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.43	13	15	33	71	98	105
Debt-free Net Working Capital (DFNWC)	13	25	44	43	79	110	127
Net Working Capital (NWC)	13	24	42	43	79	110	127
Net Nonoperating Expense (NNE)	0.25	0.11	0.45	0.54	1.57	0.75	1.90
Net Nonoperating Obligations (NNO)	-2.15	-11	-23	16	18	7.77	-22
Total Depreciation and Amortization (D&A)	1.42	1.76	2.30	4.41	7.84	9.59	12
Debt-free, Cash-free Net Working Capital to Revenue	8.58%	10.36%	9.51%	12.92%	22.05%	24.84%	24.93%
Debt-free Net Working Capital to Revenue	12.19%	19.21%	27.78%	16.64%	24.54%	27.77%	30.18%
Net Working Capital to Revenue	11.42%	18.85%	26.16%	16.49%	24.51%	27.75%	30.17%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.51	$0.66	$1.14	$1.50	$1.91	$1.65
Adjusted Weighted Average Basic Shares Outstanding	0.00	27.61M	27.61M	27.61M	27.61M	27.62M	27.64M
Adjusted Diluted Earnings per Share	$0.00	$0.51	$0.66	$1.14	$1.50	$1.91	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	0.00	27.61M	27.61M	27.61M	27.62M	27.63M	27.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.51	$0.66	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	27.61M	27.61M	27.61M	27.62M	27.63M	27.65M
Normalized Net Operating Profit after Tax (NOPAT)	8.97	14	19	32	43	54	47
Normalized NOPAT Margin	8.16%	10.86%	11.79%	12.38%	13.26%	13.51%	11.27%
Pre Tax Income Margin	10.45%	13.05%	14.35%	15.21%	16.04%	16.66%	13.51%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	69.18	176.39	92.59	131.17	37.85	53.91	58.01
NOPAT to Interest Expense	53.26	145.98	75.24	105.97	30.46	42.91	47.58
EBIT Less CapEx to Interest Expense	58.05	160.85	85.67	109.19	32.28	48.84	51.31
NOPAT Less CapEx to Interest Expense	42.12	130.44	68.33	83.99	24.89	37.84	40.88
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	4.29%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	4.29%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from XPEL's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.98%	11.90%	19.45%	21.87%	14.39%	34.47%	4.96%	7.51%	9.91%	1.89%	15.21%
EBITDA Growth	65.96%	32.31%	43.87%	30.48%	4.09%	33.56%	-31.47%	-2.69%	10.04%	-19.28%	23.17%
EBIT Growth	65.74%	34.28%	48.92%	31.83%	1.75%	34.48%	-40.05%	-6.19%	8.64%	-25.17%	26.77%
NOPAT Growth	64.09%	30.71%	48.34%	28.06%	0.78%	36.42%	-38.76%	-2.87%	4.72%	-15.25%	16.73%
Net Income Growth	59.86%	-49.00%	46.52%	32.26%	2.54%	43.22%	-41.70%	-4.50%	9.05%	-25.66%	28.80%
EPS Growth	60.00%	40.91%	46.43%	32.56%	2.08%	41.94%	-41.46%	-5.26%	10.20%	-25.00%	29.17%
Operating Cash Flow Growth	1,009.99%	223.87%	116.13%	1,395.40%	-8.94%	-147.31%	-813.53%	0.82%	75.76%	666.43%	165.09%
Free Cash Flow Firm Growth	-24.55%	46.32%	61.66%	80.25%	75.32%	1.65%	-30.07%	-204.95%	-140.77%	81.88%	96.10%
Invested Capital Growth	83.85%	42.36%	36.03%	20.72%	19.36%	31.54%	29.24%	30.43%	26.82%	8.47%	4.93%
Revenue Q/Q Growth	6.99%	-12.56%	9.38%	19.10%	0.43%	2.79%	-14.62%	21.99%	2.67%	-4.72%	-3.46%
EBITDA Q/Q Growth	10.20%	-30.23%	29.17%	31.37%	-12.08%	-10.47%	-33.72%	86.53%	-0.58%	-34.33%	1.14%
EBIT Q/Q Growth	10.74%	-34.36%	34.40%	34.93%	-14.52%	-13.24%	-40.08%	111.13%	-1.02%	-40.24%	1.50%
NOPAT Q/Q Growth	11.27%	-38.85%	38.99%	35.42%	-12.44%	-17.23%	-37.61%	114.78%	-5.59%	-33.02%	-14.06%
Net Income Q/Q Growth	11.90%	-37.24%	36.79%	37.68%	-13.25%	-12.35%	-44.31%	125.52%	-0.94%	-40.25%	-3.51%
EPS Q/Q Growth	11.63%	-35.42%	32.26%	39.02%	-14.04%	-10.20%	-45.45%	125.00%	0.00%	-38.89%	-6.06%
Operating Cash Flow Q/Q Growth	585.03%	-80.68%	-70.56%	3,738.56%	-58.29%	-110.04%	-343.96%	642.39%	-27.28%	-67.65%	-48.98%
Free Cash Flow Firm Q/Q Growth	10.20%	25.77%	12.86%	66.00%	-12.23%	-195.78%	-15.25%	20.29%	11.39%	77.74%	75.22%
Invested Capital Q/Q Growth	3.92%	9.09%	9.59%	-2.82%	2.74%	20.22%	7.67%	-1.93%	-0.10%	2.82%	4.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.85%	39.56%	41.89%	43.03%	40.45%	38.78%	42.04%	43.55%	42.46%	40.64%	42.29%
EBITDA Margin	21.10%	16.84%	19.89%	21.94%	19.20%	16.73%	12.99%	19.86%	19.23%	13.25%	13.88%
Operating Margin	19.28%	13.82%	17.39%	19.75%	17.17%	13.47%	10.24%	17.46%	16.29%	11.48%	10.71%
EBIT Margin	18.87%	14.16%	17.40%	19.72%	16.78%	14.16%	9.94%	17.20%	16.59%	10.40%	10.94%
Profit (Net Income) Margin	14.84%	10.65%	13.32%	15.40%	13.30%	11.34%	7.40%	13.68%	13.20%	8.28%	8.27%
Tax Burden Percent	80.50%	78.56%	79.30%	79.42%	79.65%	81.72%	78.57%	81.18%	79.97%	79.78%	76.12%
Interest Burden Percent	97.69%	95.71%	96.50%	98.32%	99.51%	97.98%	94.72%	97.93%	99.48%	99.70%	99.34%
Effective Tax Rate	19.50%	21.44%	20.70%	20.58%	20.35%	18.28%	21.43%	18.82%	20.03%	20.22%	23.88%
Return on Invested Capital (ROIC)	48.50%	28.94%	34.35%	40.22%	35.18%	26.41%	17.98%	33.03%	30.78%	19.68%	17.09%
ROIC Less NNEP Spread (ROIC-NNEP)	34.32%	27.99%	32.43%	37.49%	21.25%	29.11%	14.67%	54.92%	29.57%	33.24%	13.88%
Return on Net Nonoperating Assets (RNNOA)	1.54%	4.53%	6.01%	3.15%	0.42%	2.46%	1.61%	-0.76%	-2.38%	-1.15%	-0.25%
Return on Equity (ROE)	50.04%	33.47%	40.36%	43.37%	35.60%	28.87%	19.59%	32.26%	28.40%	18.53%	16.84%
Cash Return on Invested Capital (CROIC)	-18.54%	0.39%	3.96%	17.43%	17.49%	5.17%	1.80%	1.29%	4.11%	16.09%	18.64%
Operating Return on Assets (OROA)	38.09%	25.90%	29.71%	34.63%	29.86%	25.21%	17.08%	29.36%	27.77%	16.27%	17.16%
Return on Assets (ROA)	29.96%	19.47%	22.74%	27.04%	23.66%	20.18%	12.71%	23.34%	22.09%	12.94%	12.98%
Return on Common Equity (ROCE)	50.04%	33.47%	40.36%	43.37%	35.60%	28.87%	19.59%	32.26%	28.40%	18.53%	16.84%
Return on Equity Simple (ROE_SIMPLE)	42.98%	0.00%	32.91%	31.86%	29.53%	0.00%	25.77%	23.44%	22.20%	0.00%	20.14%
Net Operating Profit after Tax (NOPAT)	14	8.52	12	16	14	12	7.25	16	15	9.85	8.46
NOPAT Margin	15.52%	10.85%	13.79%	15.68%	13.67%	11.01%	8.05%	14.17%	13.03%	9.16%	8.15%
Net Nonoperating Expense Percent (NNEP)	14.19%	0.95%	1.92%	2.73%	13.94%	-2.70%	3.31%	-21.89%	1.21%	-13.56%	3.21%
Return On Investment Capital (ROIC_SIMPLE)	-	5.65%	-	-	-	5.83%	-	-	-	4.36%	3.59%
Cost of Revenue to Revenue	60.15%	60.44%	58.11%	56.97%	59.55%	61.22%	57.96%	56.45%	57.54%	59.36%	57.71%
SG&A Expenses to Revenue	13.55%	17.01%	16.72%	15.31%	15.75%	16.56%	20.26%	16.74%	16.74%	18.46%	20.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.57%	25.74%	24.50%	23.28%	23.28%	25.31%	31.79%	26.09%	26.17%	29.16%	31.57%
Earnings before Interest and Taxes (EBIT)	17	11	15	20	17	15	8.96	19	19	11	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	13	17	22	20	18	12	22	22	14	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.48	13.30	13.72	15.17	12.79	8.27	8.01	4.87	5.48	4.90	3.45
Price to Tangible Book Value (P/TBV)	29.61	24.16	23.04	24.71	19.63	13.82	13.00	7.83	8.46	7.52	5.17
Price to Revenue (P/Rev)	5.64	5.12	5.55	6.53	5.77	3.75	3.73	2.41	2.87	2.63	1.87
Price to Earnings (P/E)	45.37	40.08	41.69	47.62	43.30	28.18	31.07	20.76	24.69	24.28	17.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.20%	2.49%	2.40%	2.10%	2.31%	3.55%	3.22%	4.82%	4.05%	4.12%	5.84%
Enterprise Value to Invested Capital (EV/IC)	13.72	11.75	12.12	15.29	13.57	7.97	7.46	4.94	5.95	5.32	3.72
Enterprise Value to Revenue (EV/Rev)	5.69	5.17	5.61	6.52	5.74	3.77	3.77	2.40	2.82	2.57	1.82
Enterprise Value to EBITDA (EV/EBITDA)	30.96	27.39	28.55	32.44	29.26	19.46	21.09	13.81	16.17	15.58	10.93
Enterprise Value to EBIT (EV/EBIT)	35.53	31.41	32.53	36.81	33.41	22.23	24.61	16.30	19.15	18.74	13.11
Enterprise Value to NOPAT (EV/NOPAT)	43.84	39.04	40.51	46.20	42.03	27.93	30.80	20.18	23.96	22.84	16.25
Enterprise Value to Operating Cash Flow (EV/OCF)	230.48	139.06	111.14	55.41	51.87	40.01	47.53	30.64	29.18	22.63	14.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3,512.38	352.48	95.95	84.44	175.20	466.71	434.27	161.87	34.38	20.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.21	0.20	0.08	0.00	0.11	0.13	0.06	0.00	0.00	0.00
Long-Term Debt to Equity	0.23	0.21	0.20	0.08	0.00	0.11	0.13	0.06	0.00	0.00	0.00
Financial Leverage	0.04	0.16	0.19	0.08	0.02	0.08	0.11	-0.01	-0.08	-0.03	-0.02
Leverage Ratio	1.62	1.69	1.73	1.58	1.47	1.46	1.44	1.35	1.30	1.33	1.31
Compound Leverage Factor	1.58	1.62	1.67	1.56	1.47	1.43	1.37	1.32	1.29	1.32	1.30
Debt to Total Capital	18.53%	17.29%	16.99%	7.82%	0.00%	9.72%	11.56%	5.32%	0.15%	0.13%	0.09%
Short-Term Debt to Total Capital	0.10%	0.05%	0.00%	0.00%	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Long-Term Debt to Total Capital	18.43%	17.24%	16.99%	7.82%	0.00%	9.69%	11.53%	5.29%	0.12%	0.10%	0.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.47%	82.71%	83.01%	92.18%	100.00%	90.28%	88.44%	94.68%	99.85%	99.87%	99.91%
Debt to EBITDA	0.45	0.43	0.42	0.18	0.00	0.25	0.34	0.16	0.00	0.00	0.00
Net Debt to EBITDA	0.27	0.29	0.30	-0.02	0.00	0.10	0.22	-0.05	-0.28	-0.31	-0.32
Long-Term Debt to EBITDA	0.45	0.42	0.42	0.18	0.00	0.25	0.34	0.16	0.00	0.00	0.00
Debt to NOPAT	0.64	0.61	0.60	0.26	0.00	0.36	0.50	0.23	0.01	0.01	0.00
Net Debt to NOPAT	0.39	0.42	0.42	-0.03	0.00	0.15	0.32	-0.08	-0.42	-0.46	-0.48
Long-Term Debt to NOPAT	0.63	0.61	0.60	0.26	0.00	0.36	0.50	0.23	0.01	0.00	0.00
Altman Z-Score	17.80	17.70	19.14	25.40	24.55	15.62	15.60	13.19	16.59	14.20	11.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.29	3.90	4.35	3.55	2.97	4.02	4.81	4.77	4.35	4.05	4.29
Quick Ratio	0.89	0.83	1.07	1.08	0.74	0.98	1.17	1.43	1.38	1.23	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-34	-30	-10	-11	-33	-38	-31	-27	-6.05	-1.50
Operating Cash Flow to CapEx	816.91%	98.58%	34.02%	2,153.19%	773.31%	-69.55%	-245.86%	1,485.20%	1,607.15%	388.64%	322.48%
Free Cash Flow to Firm to Interest Expense	-117.00	-71.18	-56.58	-29.76	-132.83	-110.58	-81.37	-78.26	-280.25	-178.00	-20.00
Operating Cash Flow to Interest Expense	31.26	4.95	1.33	78.93	130.92	-3.70	-10.48	68.61	201.64	186.09	43.04
Operating Cash Flow Less CapEx to Interest Expense	27.43	-0.07	-2.58	75.26	113.99	-9.02	-14.75	63.99	189.09	138.21	29.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.02	1.83	1.71	1.76	1.78	1.78	1.72	1.71	1.67	1.56	1.57
Accounts Receivable Turnover	19.56	23.24	18.50	16.53	17.56	20.41	16.05	15.28	15.58	15.79	14.02
Inventory Turnover	3.57	2.97	2.54	2.67	2.68	2.50	2.43	2.66	2.51	2.24	2.22
Fixed Asset Turnover	29.61	26.89	25.34	25.73	26.05	25.42	24.32	24.36	24.95	24.22	24.89
Accounts Payable Turnover	6.52	7.03	6.43	6.18	6.18	8.44	9.81	8.36	6.62	7.02	8.09
Days Sales Outstanding (DSO)	18.66	15.71	19.73	22.08	20.79	17.89	22.75	23.89	23.42	23.12	26.04
Days Inventory Outstanding (DIO)	102.23	123.08	143.57	136.61	136.30	145.99	150.47	137.09	145.25	163.26	164.12
Days Payable Outstanding (DPO)	56.02	51.91	56.77	59.03	59.04	43.24	37.20	43.67	55.16	51.99	45.12
Cash Conversion Cycle (CCC)	64.86	86.88	106.53	99.65	98.05	120.63	136.01	117.31	113.51	134.39	145.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	131	143	156	152	156	188	202	198	198	204	212
Invested Capital Turnover	3.12	2.67	2.49	2.56	2.57	2.40	2.23	2.33	2.36	2.15	2.10
Increase / (Decrease) in Invested Capital	60	42	41	26	25	45	46	46	42	16	9.96
Enterprise Value (EV)	1,795	1,677	1,896	2,325	2,120	1,496	1,508	979	1,178	1,082	789
Market Capitalization	1,780	1,659	1,877	2,326	2,130	1,488	1,493	983	1,199	1,104	812
Book Value per Share	$4.16	$4.52	$4.95	$5.55	$6.03	$6.51	$6.75	$7.31	$7.91	$8.15	$8.51
Tangible Book Value per Share	$2.18	$2.49	$2.95	$3.41	$3.93	$3.90	$4.16	$4.54	$5.13	$5.31	$5.69
Total Capital	141	151	165	166	167	199	211	213	219	226	236
Total Debt	26	26	28	13	0.00	19	24	11	0.33	0.29	0.22
Total Long-Term Debt	26	26	28	13	0.00	19	24	11	0.26	0.23	0.15
Net Debt	16	18	20	-1.30	-10	7.77	16	-3.65	-21	-22	-23
Capital Expenditures (CapEx)	1.50	2.40	2.04	1.24	1.44	1.61	2.02	1.81	1.22	1.63	1.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	63	71	84	76	81	98	113	102	101	105	113
Debt-free Net Working Capital (DFNWC)	73	79	93	90	91	110	121	117	122	127	137
Net Working Capital (NWC)	73	79	93	90	91	110	121	117	122	127	137
Net Nonoperating Expense (NNE)	0.61	0.16	0.41	0.29	0.38	-0.35	0.59	0.54	-0.19	0.95	-0.12
Net Nonoperating Obligations (NNO)	16	18	20	-1.30	-10	7.77	16	-3.65	-21	-22	-23
Total Depreciation and Amortization (D&A)	2.01	2.10	2.13	2.27	2.49	2.70	2.74	2.91	2.98	3.06	3.06
Debt-free, Cash-free Net Working Capital to Revenue	19.87%	22.05%	24.96%	21.32%	21.97%	24.84%	28.10%	24.97%	24.21%	24.93%	26.09%
Debt-free Net Working Capital to Revenue	23.12%	24.54%	27.42%	25.33%	24.78%	27.77%	30.25%	28.65%	29.22%	30.18%	31.51%
Net Working Capital to Revenue	23.07%	24.51%	27.42%	25.33%	24.78%	27.75%	30.24%	28.63%	29.21%	30.17%	31.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33	$0.31
Adjusted Weighted Average Basic Shares Outstanding	27.62M	27.61M	27.62M	27.62M	27.62M	27.62M	27.63M	27.64M	27.64M	27.64M	27.66M
Adjusted Diluted Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	27.62M	27.62M	27.63M	27.63M	27.64M	27.63M	27.64M	27.64M	27.64M	27.64M	27.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.62M	27.62M	27.62M	27.62M	27.63M	27.63M	27.63M	27.64M	27.65M	27.65M	27.66M
Normalized Net Operating Profit after Tax (NOPAT)	14	8.52	12	16	14	12	7.25	16	15	9.85	8.46
Normalized NOPAT Margin	15.52%	10.85%	13.79%	15.68%	13.67%	11.01%	8.05%	14.17%	13.03%	9.16%	8.15%
Pre Tax Income Margin	18.43%	13.56%	16.79%	19.39%	16.70%	13.88%	9.42%	16.85%	16.50%	10.37%	10.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	43.31	23.30	28.57	59.64	202.72	49.50	18.94	48.24	192.98	329.03	151.40
NOPAT to Interest Expense	35.63	17.86	22.64	47.44	165.18	38.48	15.33	39.73	151.59	289.68	112.86
EBIT Less CapEx to Interest Expense	39.49	18.28	24.66	55.98	185.79	44.18	14.67	43.62	180.43	281.15	138.05
NOPAT Less CapEx to Interest Expense	31.81	12.84	18.73	43.77	148.26	33.17	11.07	35.11	139.04	241.79	99.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

XPEL delivered a strong first quarter in 2025, with notable improvements in top-line growth, margins and returns, while maintaining a conservative balance sheet despite some short-term cash flow headwinds.

Q1 2025 revenue of $103.8 M was up 15.2% year-over-year, driven by continued demand for XPEL’s protection products.
Gross margin expanded to 42.3% in Q1 2025 versus 42.0% in Q1 2024, reflecting stable pricing and operational leverage.
Operating margin held healthy at 10.7% in Q1 2025, near its four-year quarterly high, underscoring disciplined expense control.
Returns remained robust, with ROIC at 17.1% and ROE at 16.8% in Q1 2025—both above historical averages.
Company finished Q1 2025 with net cash of $23.3 M (net debt of –$23.3 M), keeping leverage near zero and preserving financial flexibility.
Book value per share rose to $8.51 and tangible book to $5.69 in Q1 2025, with P/B at 3.45× and P/TBV at 5.17×—in line with peers.
EPS of $0.31 in Q1 2025 was down slightly from $0.33 in Q4 2024, reflecting seasonal variability in sales mix.
Working capital is elevated (CCC of 145 days in Q1 2025 versus 134 days in Q4 2024), tying up cash in inventory and receivables.
Free cash flow to firm was negative $1.5 M in Q1 2025, weighed down by a $9.2 M increase in operating capital.
Operating cash flow declined 49% sequentially in Q1 2025, as timing of inventory purchases and receivables collection tightened.

06/20/25 05:37 PMAI Generated. May Contain Errors.

Frequently Asked Questions About XPEL's Financials

When does XPEL's financial year end?

According to the most recent income statement we have on file, XPEL's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has XPEL's net income changed over the last 6 years?

XPEL's net income appears to be on an upward trend, with a most recent value of $45.49 million in 2024, rising from $8.72 million in 2018. The previous period was $52.80 million in 2023. Find out what analysts predict for XPEL in the coming months.

What is XPEL's operating income?

XPEL's total operating income in 2024 was $59.15 million, based on the following breakdown:

Total Gross Profit: $177.36 million
Total Operating Expenses: $118.21 million

How has XPEL's revenue changed over the last 6 years?

Over the last 6 years, XPEL's total revenue changed from $109.92 million in 2018 to $420.40 million in 2024, a change of 282.5%.

How much debt does XPEL have?

XPEL's total liabilities were at $60.15 million at the end of 2024, a 16.5% decrease from 2023, and a 505.8% increase since 2018.

How much cash does XPEL have?

In the past 6 years, XPEL's cash and equivalents has ranged from $3.97 million in 2018 to $29.03 million in 2020, and is currently $22.09 million as of their latest financial filing in 2024.

How has XPEL's book value per share changed over the last 6 years?

Over the last 6 years, XPEL's book value per share changed from 0.75 in 2018 to 8.15 in 2024, a change of 982.4%.

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This page (NASDAQ:XPEL) was last updated on 6/20/2025 by MarketBeat.com Staff

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XPEL (XPEL) Financials

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XPEL (XPEL) Financials

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