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XPEL, Inc.

Rank #119Op. LeverageWatchlistCompare with other stocks

XPEL · Nasdaq · Consumer Cyclical

XPEL, Inc. (XPEL) — Rank #119 by gross profitability (GP/assets 0.43) · ROE 16.7% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0001767258 · all metrics point-in-time as of the filing date.

About

XPEL, Inc. manufactures, installs, sells, and distributes protective films, coatings and related services.

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It offers automotive and surface paint protection, windshield protection, and automotive and architectural window films, as well as proprietary DAP software. The company also provides pre-cut film products, merchandise and apparel, ceramic coatings, installation, and tools and accessories; and training services to customers for the installation of its products. In addition, the company offers paint protection kits, car wash products, after-care products, and installation tools through its website. The company sells and distributes its products through independent installers, new car dealerships, third-party distributors, automobile original equipment manufacturers, and company-owned installation centers, as well as through franchisees and online channels. The company operates in the United States, Canada, China, the Asia Pacific, European Union, the United Kingdom, Africa, India, the Middle East, Latin America, and internationally. XPEL, Inc.

was founded in 1997 and is headquartered in San Antonio, Texas.

Industry
Auto Parts
Sector
Consumer Cyclical
State
NV
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
xpel.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,337

Industry

Auto Parts

Exchange

Nasdaq

10/11

Flags passed

XPEL fails 1 critical flag

Passes 10 of 11 quality flags

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · Sequential beat (rev + EPS)

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.43
Return on equity
16.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.48
Current ratio
2.61×
Net cash
-$4.13M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
13.3%
Piotroski F-Score
N/A
Share dilution
0.1%

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Does it make money well?

Warning: Operating margin declining · GP/assets 0.43

Gross profitability (GP / assets)

0.43

Primary signal (Novy-Marx).

1st of 12 SIC 34 peers

Return on equity

16.7%

Gross margin

42.2%

3rd of 12 SIC 34 peers

Revenue growth (YoY)

13.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

13.7%

Revenue CAGR (5Y)

24.5%

Earnings CAGR (3Y)

7.4%

FCF CAGR (3Y)

148.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 23% above net income

Free cash flow

$62.93M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

22.8%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $4.13M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.48

4th of 12 SIC 34 peers (best = lowest)

Current ratio

2.61×

9th of 12 SIC 34 peers

Quick ratio

1.08×

Net cash

-$4.13M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
0.1%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
7.5%5/5 Strong

Lifecycle Phase History

20202025
Hypergrowth
Value
Op. Leverage

Price History

XPEL-46.1% · -11.6% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports