Saturday 17 October 2026 Export XPEL’s income statement to Excel — free account

XPEL, Inc.

XPEL, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $476.2 million, up 13.3% from fiscal 2024. In the quarter to June 2026, revenue grew 14.7%, EPS grew 10.2%, free cash flow fell 231.0% and total debt rose 18,876.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

43.51 0.79 −1.78%

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Market cap: $1.2B
P/E: 22.0×
Fwd P/E: 22.1×
Dividend yield: —
F-score: 5/9
Altman Z: 11.77
Beneish M: −2.21
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	—	—	4	4	5	6	6	5
P/E ratio Full definition →	15.51	15.51	15.51	28.87	78.12	59.89	39.70	28.34	24.35	26.83
P/S ratio Full definition →	1.32	1.32	1.32	3.11	8.96	7.27	5.04	3.75	2.63	2.90
Altman Z-Score Full definition →	—	—	—	19.37	32.17	18.18	18.42	16.30	14.75	11.77
Altman Z″-Score (non-manufacturers) Full definition →	4.93	—	8.61	9.09	8.63	6.08	8.43	9.45	10.68	9.18
P/FCF ratio Full definition →	25.25	25.25	25.25	46.02	86.97	177.12	634.67	49.97	28.11	22.47
P/Operating CF Full definition →	72.41	72.41	72.41	76.04	336.83	(989.20)	691.93	(1,331.64)	174.47	517.57
Beneish M-Score Full definition →	—	—	—	(1.89)	(2.32)	(1.27)	(1.74)	(1.64)	(2.28)	(2.21)
P/B ratio Full definition →	5.81	5.81	5.81	11.59	26.67	22.32	13.10	8.26	4.90	4.84
Price to Tangible BV Full definition →	7.56	7.56	7.56	14.11	32.74	72.31	23.79	13.82	7.52	7.83
EV/Sales Full definition →	1.28	1.28	1.28	3.03	8.80	7.33	5.10	3.77	2.57	2.79
EV/EBITDA Full definition →	10.28	10.28	10.28	20.94	54.62	42.71	26.74	19.53	15.27	17.52
EV/Operating CF Full definition →	17.49	17.49	17.49	35.87	75.72	104.05	136.98	39.99	22.63	19.86
EV/FCF Full definition →	24.41	24.41	24.41	44.75	85.41	178.57	641.64	50.23	27.55	21.65
Quick Ratio Full definition →	0.70	0.64	1.12	1.59	1.84	0.65	0.83	1.00	1.26	1.43
Current Ratio Full definition →	1.57	1.45	2.48	3.08	2.96	2.18	3.90	4.02	4.05	3.25
Net Debt/EBITDA Full definition →	0.70	0.14	(0.23)	(0.60)	(0.99)	0.35	0.29	0.10	(0.31)	(0.67)
Debt/Assets Full definition →	22.71%	0.00%	3.17%	0.60%	4.26%	15.57%	13.45%	7.66%	0.08%	0.00%
Debt/Equity Full definition →	0.48	0.31	0.05	0.01	0.07	0.30	0.21	0.11	0.00	0.00
Asset Turnover Full definition →	2.07	6.18	4.20	3.16	2.35	2.12	1.83	1.78	1.56	1.43
Operating CF/Net income Full definition →	1.32	2.88	0.78	0.78	1.01	0.58	0.29	0.71	1.05	1.31
Capex/Depreciation Full definition →	0.00	0.00	(1.64)	(1.28)	(0.94)	(1.74)	(1.21)	(0.79)	(0.73)	(0.42)
Interest Coverage Full definition →	29.17	0.00	70.11	176.89	93.86	132.40	38.25	53.66	59.38	754.81
ROE Full definition →	19.24%	9.09%	52.33%	50.36%	41.42%	45.80%	39.56%	34.66%	22.44%	20.06%
ROA Full definition →	8.86%	9.61%	33.29%	34.03%	27.00%	25.78%	23.35%	23.71%	16.92%	15.33%
ROIC Full definition →	0.00%	0.00%	41.90%	45.06%	52.31%	25.10%	23.63%	22.30%	18.16%	16.71%
Return on Tangible Assets Full definition →	32.79%	12.35%	54.68%	49.03%	39.50%	59.95%	44.20%	41.59%	31.47%	29.19%
Average Days of Receivables Full definition →	34.04	29.53	18.44	20.36	22.84	19.39	16.59	22.85	26.08	38.65
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	19.64%	21.51%	19.68%	20.33%	19.29%	20.27%	22.71%	24.08%	28.12%	29.06%
Intangible Assets out of Total Assets Full definition →	0.25	0.00	0.20	0.12	0.12	0.36	0.29	0.29	0.28	0.28
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.16%	0.41%	0.76%	0.58%
Graham Net Nets Full definition →	0.08	0.08	0.08	0.05	0.02	0.00	0.02	0.05	0.10	0.10
Graham Number Full definition →	0.00	0.00	0.00	3.80	5.36	8.86	12.31	16.69	17.35	20.77
Earnings Yield Full definition →	6.45%	6.45%	6.45%	3.46%	1.28%	1.67%	2.52%	3.53%	4.11%	3.73%
Free Cash Flow Yield Full definition →	3.96%	3.96%	3.96%	2.17%	1.15%	0.56%	0.16%	2.00%	3.56%	4.45%
Revenue per Share Full definition →	2.01	2.46	3.98	4.71	5.76	9.39	11.73	14.35	15.21	17.22
Operating CF per Share Full definition →	0.11	0.11	0.25	0.40	0.67	0.66	0.44	1.35	1.73	2.42
Capex per Share Full definition →	0.00	0.00	(0.08)	(0.08)	(0.08)	(0.28)	(0.34)	(0.28)	(0.31)	(0.20)
Free Cash Flow per Share Full definition →	0.11	0.11	0.16	0.32	0.59	0.39	0.09	1.08	1.42	2.22
Cash per Share Full definition →	0.07	0.13	0.14	0.42	1.05	0.35	0.29	0.42	0.80	1.84
Shareholders Equity per Share Full definition →	0.40	0.46	0.75	1.26	1.93	3.06	4.52	6.52	8.16	10.31
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.40	0.46	0.75	1.26	1.93	3.06	4.52	6.52	8.16	10.31
Free Cash Flow Full definition →	2.93	3.02	4.53	8.79	16.37	10.65	2.57	29.77	39.28	61.43
Working Capital Full definition →	5.41	6.32	12.55	24.49	41.58	42.76	79.42	109.98	126.83	159.70
Capital Expenditures Full definition →	(1.36)	(1.71)	(2.26)	(2.18)	(2.09)	(7.62)	(9.48)	(7.62)	(8.55)	(5.51)
Net Current Asset Value Full definition →	3.45	4.53	11.10	19.57	32.32	2.48	38.18	74.40	108.19	133.36
EV/EBIT Full definition →	11.20	11.20	11.20	23.02	59.83	47.38	30.62	22.33	18.29	21.22
Capex to Sales Full definition →	0.00	0.00	0.02	0.02	0.01	0.03	0.03	0.02	0.02	0.01
Price to Operating Income Full definition →	11.58	11.58	11.58	23.67	60.92	47.00	30.29	22.21	18.66	22.03
Other line items
Depreciation/Fixed assets Full definition →	0.84	0.53	0.41	0.42	0.47	0.44	0.55	0.57	0.66	0.84
Cash ROIC Full definition →	17.08%	14.99%	17.75%	18.82%	19.04%	8.93%	1.62%	14.11%	15.85%	18.28%
Accounts Receivable Turnover Full definition →	10.08	13.10	19.99	20.30	18.49	21.86	22.73	20.05	15.33	11.84
Accounts Payable Turnover Full definition →	6.22	8.21	11.98	10.48	7.77	6.70	7.03	8.44	7.09	6.09
Inventory Turnover Full definition →	4.18	5.52	7.17	6.66	5.59	4.48	2.97	2.50	2.24	2.36
Average Days of Payables Full definition →	55.79	46.70	30.03	43.07	58.45	72.12	42.67	50.63	54.27	72.01
Days of Inventory on Hand Full definition →	74.31	75.87	51.54	63.94	77.82	113.79	149.68	166.22	166.56	162.82
Average Receivables Full definition →	5.14	5.14	5.50	6.40	8.60	11.86	14.25	19.77	27.42	40.23
Average Payables Full definition →	6.17	6.17	6.38	8.24	13.50	24.86	27.94	27.71	34.29	45.21
Average Inventory Full definition →	9.16	9.16	10.66	12.97	18.75	37.15	66.26	93.54	108.71	116.83
Average Assets Full definition →	25.00	10.90	26.17	41.07	67.72	122.43	177.19	222.70	268.82	334.07
Average Common Equity Full definition →	11.52	11.52	16.65	27.75	44.14	68.92	104.59	152.36	202.72	255.32

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