XPEL (XPEL) Financials

$36.17 -0.35 (-0.96%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$36.22 +0.05 (+0.15%)

As of 05/30/2025 07:09 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	45	53	41
Consolidated Net Income / (Loss)	45	53	41
Net Income / (Loss) Continuing Operations	45	53	41
Total Pre-Tax Income	57	66	52
Total Operating Income	59	67	54
Total Gross Profit	177	162	128
Total Revenue	420	396	324
Operating Revenue	420	396	324
Total Cost of Revenue	243	234	196
Operating Cost of Revenue	243	234	196
Total Operating Expenses	118	95	74
Selling, General & Admin Expense	75	64	48
Marketing Expense	43	32	25
Total Other Income / (Expense), net	-2.37	-0.94	-1.97
Interest Expense	1.00	1.25	1.41
Other Income / (Expense), net	-1.37	0.31	-0.56
Income Tax Expense	11	13	11
Basic Earnings per Share	$1.65	$1.91	$1.50
Weighted Average Basic Shares Outstanding	27.64M	27.62M	27.61M
Diluted Earnings per Share	$1.65	$1.91	$1.50
Weighted Average Diluted Shares Outstanding	27.64M	27.63M	27.62M
Weighted Average Basic & Diluted Shares Outstanding	27.65M	27.63M	27.62M

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

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	20	7.54	-2.99
Net Cash From Operating Activities	48	37	12
Net Cash From Continuing Operating Activities	48	37	12
Net Income / (Loss) Continuing Operations	45	53	41
Consolidated Net Income / (Loss)	45	53	41
Depreciation Expense	5.82	4.53	3.43
Amortization Expense	5.88	5.06	4.41
Non-Cash Adjustments To Reconcile Net Income	3.54	1.87	0.98
Changes in Operating Assets and Liabilities, net	-13	-27	-38
Net Cash From Investing Activities	-18	-26	-14
Net Cash From Continuing Investing Activities	-18	-26	-14
Purchase of Property, Plant & Equipment	-6.71	-6.36	-7.94
Acquisitions	-1.88	-1.29	-1.62
Purchase of Investments	-9.86	-19	-4.67
Sale of Property, Plant & Equipment	0.04	0.03	0.07
Net Cash From Financing Activities	-19	-7.26	0.60
Net Cash From Continuing Financing Activities	-19	-7.26	0.60
Repayment of Debt	-0.06	-0.09	-0.37
Issuance of Debt	-19	-7.00	1.00
Other Financing Activities, net	-0.19	-0.17	-0.03
Other Net Changes in Cash	10	3.77	-1.50
Cash Interest Paid	1.03	1.24	1.31
Cash Income Taxes Paid	14	15	9.90

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	286	252	193
Total Current Assets	168	146	107
Cash & Equivalents	22	12	8.06
Accounts Receivable	29	24	15
Inventories, net	111	107	81
Prepaid Expenses	5.31	3.53	3.46
Current Deferred & Refundable Income Taxes	0.89	0.70	0.00
Plant, Property, & Equipment, net	18	17	14
Total Noncurrent Assets	100	89	72
Goodwill	44	37	27
Intangible Assets	35	35	29
Other Noncurrent Operating Assets	21	16	16
Total Liabilities & Shareholders' Equity	286	252	193
Total Liabilities	60	72	69
Total Current Liabilities	42	36	27
Short-Term Debt	0.06	0.06	0.08
Accounts Payable	37	32	23
Other Current Liabilities	4.67	3.97	3.89
Total Noncurrent Liabilities	19	36	41
Long-Term Debt	0.23	19	26
Noncurrent Deferred & Payable Income Tax Liabilities	0.47	2.66	2.05
Other Noncurrent Operating Liabilities	18	14	13
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	225	180	125
Total Preferred & Common Equity	225	180	125
Preferred Stock	0.00	0.00	0.00
Total Common Equity	225	180	125
Common Stock	16	13	11
Retained Earnings	214	169	116
Accumulated Other Comprehensive Income / (Loss)	-4.24	-1.21	-2.20

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

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	6.08%	22.32%	24.97%
EBITDA Growth	-9.63%	25.58%	38.64%
EBIT Growth	-14.13%	26.05%	34.30%
NOPAT Growth	-11.51%	24.68%	33.77%
Net Income Growth	-13.85%	27.59%	31.09%
EPS Growth	-13.61%	27.33%	31.58%
Operating Cash Flow Growth	27.93%	210.06%	-34.00%
Free Cash Flow Firm Growth	268.84%	1,688.29%	101.27%
Invested Capital Growth	8.47%	31.54%	42.36%
Revenue Q/Q Growth	0.48%	7.33%	2.65%
EBITDA Q/Q Growth	-4.67%	6.12%	5.57%
EBIT Q/Q Growth	-6.11%	6.04%	5.61%
NOPAT Q/Q Growth	-3.62%	6.18%	4.88%
Net Income Q/Q Growth	-6.33%	7.34%	-16.25%
EPS Q/Q Growth	-6.25%	7.30%	6.38%
Operating Cash Flow Q/Q Growth	18.43%	-8.51%	54.78%
Free Cash Flow Firm Q/Q Growth	332.61%	-66.00%	102.55%
Invested Capital Q/Q Growth	2.82%	20.22%	9.09%
Profitability Metrics	-	-	-
Gross Margin	42.19%	40.98%	39.36%
EBITDA Margin	16.53%	19.40%	18.89%
Operating Margin	14.07%	16.90%	16.65%
EBIT Margin	13.74%	16.98%	16.47%
Profit (Net Income) Margin	10.82%	13.32%	12.77%
Tax Burden Percent	80.12%	79.96%	79.63%
Interest Burden Percent	98.28%	98.15%	97.36%
Effective Tax Rate	19.88%	20.04%	20.37%
Return on Invested Capital (ROIC)	24.21%	32.41%	35.35%
ROIC Less NNEP Spread (ROIC-NNEP)	51.28%	26.57%	26.06%
Return on Net Nonoperating Assets (RNNOA)	-1.77%	2.25%	4.22%
Return on Equity (ROE)	22.44%	34.66%	39.56%
Cash Return on Invested Capital (CROIC)	16.09%	5.17%	0.39%
Operating Return on Assets (OROA)	21.49%	30.21%	30.12%
Return on Assets (ROA)	16.92%	23.71%	23.35%
Return on Common Equity (ROCE)	22.44%	34.66%	39.56%
Return on Equity Simple (ROE_SIMPLE)	20.18%	29.34%	33.18%
Net Operating Profit after Tax (NOPAT)	47	54	43
NOPAT Margin	11.27%	13.51%	13.26%
Net Nonoperating Expense Percent (NNEP)	-27.07%	5.84%	9.28%
Return On Investment Capital (ROIC_SIMPLE)	20.99%	26.86%	28.48%
Cost of Revenue to Revenue	57.81%	59.02%	60.64%
SG&A Expenses to Revenue	17.93%	16.06%	14.88%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.12%	24.08%	22.71%
Earnings before Interest and Taxes (EBIT)	58	67	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	77	61
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.90	8.27	13.30
Price to Tangible Book Value (P/TBV)	7.52	13.82	24.16
Price to Revenue (P/Rev)	2.63	3.75	5.12
Price to Earnings (P/E)	24.28	28.18	40.08
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	4.12%	3.55%	2.49%
Enterprise Value to Invested Capital (EV/IC)	5.32	7.97	11.75
Enterprise Value to Revenue (EV/Rev)	2.57	3.77	5.17
Enterprise Value to EBITDA (EV/EBITDA)	15.58	19.46	27.39
Enterprise Value to EBIT (EV/EBIT)	18.74	22.23	31.41
Enterprise Value to NOPAT (EV/NOPAT)	22.84	27.93	39.04
Enterprise Value to Operating Cash Flow (EV/OCF)	22.63	40.01	139.06
Enterprise Value to Free Cash Flow (EV/FCFF)	34.38	175.20	3,512.38
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.11	0.21
Long-Term Debt to Equity	0.00	0.11	0.21
Financial Leverage	-0.03	0.08	0.16
Leverage Ratio	1.33	1.46	1.69
Compound Leverage Factor	1.30	1.43	1.65
Debt to Total Capital	0.13%	9.72%	17.29%
Short-Term Debt to Total Capital	0.03%	0.03%	0.05%
Long-Term Debt to Total Capital	0.10%	9.69%	17.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.87%	90.28%	82.71%
Debt to EBITDA	0.00	0.25	0.43
Net Debt to EBITDA	-0.31	0.10	0.29
Long-Term Debt to EBITDA	0.00	0.25	0.42
Debt to NOPAT	0.01	0.36	0.61
Net Debt to NOPAT	-0.46	0.15	0.42
Long-Term Debt to NOPAT	0.00	0.36	0.61
Altman Z-Score	14.74	16.30	18.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.05	4.02	3.90
Quick Ratio	1.23	0.98	0.83
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	31	8.54	0.48
Operating Cash Flow to CapEx	716.68%	590.86%	153.34%
Free Cash Flow to Firm to Interest Expense	31.61	6.84	0.34
Operating Cash Flow to Interest Expense	48.02	29.96	8.55
Operating Cash Flow Less CapEx to Interest Expense	41.32	24.89	2.97
Efficiency Ratios	-	-	-
Asset Turnover	1.56	1.78	1.83
Accounts Receivable Turnover	15.79	20.41	23.24
Inventory Turnover	2.24	2.50	2.97
Fixed Asset Turnover	24.22	25.42	26.89
Accounts Payable Turnover	7.02	8.44	7.03
Days Sales Outstanding (DSO)	23.12	17.89	15.71
Days Inventory Outstanding (DIO)	163.26	145.99	123.08
Days Payable Outstanding (DPO)	51.99	43.24	51.91
Cash Conversion Cycle (CCC)	134.39	120.63	86.88
Capital & Investment Metrics	-	-	-
Invested Capital	204	188	143
Invested Capital Turnover	2.15	2.40	2.67
Increase / (Decrease) in Invested Capital	16	45	42
Enterprise Value (EV)	1,082	1,496	1,677
Market Capitalization	1,104	1,488	1,659
Book Value per Share	$8.15	$6.51	$4.52
Tangible Book Value per Share	$5.31	$3.90	$2.49
Total Capital	226	199	151
Total Debt	0.29	19	26
Total Long-Term Debt	0.23	19	26
Net Debt	-22	7.77	18
Capital Expenditures (CapEx)	6.67	6.33	7.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	105	98	71
Debt-free Net Working Capital (DFNWC)	127	110	79
Net Working Capital (NWC)	127	110	79
Net Nonoperating Expense (NNE)	1.90	0.75	1.57
Net Nonoperating Obligations (NNO)	-22	7.77	18
Total Depreciation and Amortization (D&A)	12	9.59	7.84
Debt-free, Cash-free Net Working Capital to Revenue	24.93%	24.84%	22.05%
Debt-free Net Working Capital to Revenue	30.18%	27.77%	24.54%
Net Working Capital to Revenue	30.17%	27.75%	24.51%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.65	$1.91	$1.50
Adjusted Weighted Average Basic Shares Outstanding	27.64M	27.62M	27.61M
Adjusted Diluted Earnings per Share	$1.65	$1.91	$1.50
Adjusted Weighted Average Diluted Shares Outstanding	27.64M	27.63M	27.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.65M	27.63M	27.62M
Normalized Net Operating Profit after Tax (NOPAT)	47	54	43
Normalized NOPAT Margin	11.27%	13.51%	13.26%
Pre Tax Income Margin	13.51%	16.66%	16.04%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	58.01	53.91	37.85
NOPAT to Interest Expense	47.58	42.91	30.46
EBIT Less CapEx to Interest Expense	51.31	48.84	32.28
NOPAT Less CapEx to Interest Expense	40.88	37.84	24.89
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

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

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

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 2 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 $41.38 million in 2022. The previous period was $52.80 million in 2023. Check out XPEL's forecast to explore projected trends and price targets.

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 revenue changed over the last 2 years?

Over the last 2 years, XPEL's total revenue changed from $323.99 million in 2022 to $420.40 million in 2024, a change of 29.8%.

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 12.4% decrease since 2022.

How much cash does XPEL have?

In the past 2 years, XPEL's cash and equivalents has ranged from $8.06 million in 2022 to $22.09 million in 2024, 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 2 years?

Over the last 2 years, XPEL's book value per share changed from 4.52 in 2022 to 8.15 in 2024, a change of 80.6%.

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This page (NASDAQ:XPEL) was last updated on 5/31/2025 by MarketBeat.com Staff

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