XPEL (XPEL) Financials

$26.24 +0.11 (+0.42%)

As of 04:00 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	41	53	45
Consolidated Net Income / (Loss)	41	53	45
Net Income / (Loss) Continuing Operations	41	53	45
Total Pre-Tax Income	52	66	57
Total Operating Income	54	67	59
Total Gross Profit	128	162	177
Total Revenue	324	396	420
Operating Revenue	324	396	420
Total Cost of Revenue	196	234	243
Operating Cost of Revenue	196	234	243
Total Operating Expenses	74	95	118
Selling, General & Admin Expense	48	64	75
Marketing Expense	25	32	43
Total Other Income / (Expense), net	-1.97	-0.94	-2.37
Interest Expense	1.41	1.25	1.00
Other Income / (Expense), net	-0.56	0.31	-1.37
Income Tax Expense	11	13	11
Basic Earnings per Share	$1.50	$1.91	$1.65
Weighted Average Basic Shares Outstanding	27.61M	27.62M	27.64M
Diluted Earnings per Share	$1.50	$1.91	$1.65
Weighted Average Diluted Shares Outstanding	27.62M	27.63M	27.64M
Weighted Average Basic & Diluted Shares Outstanding	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
Net Income / (Loss) Attributable to Common Shareholders	13	8.36	11	16	14	12	6.67	15	15	8.90
Consolidated Net Income / (Loss)	13	8.36	11	16	14	12	6.67	15	15	8.90
Net Income / (Loss) Continuing Operations	13	8.36	11	16	14	12	6.67	15	15	8.90
Total Pre-Tax Income	17	11	14	20	17	15	8.48	19	19	11
Total Operating Income	17	11	15	20	18	14	9.23	19	18	12
Total Gross Profit	36	31	36	44	42	41	38	48	48	44
Total Revenue	90	78	86	102	103	106	90	110	113	108
Operating Revenue	90	78	86	102	103	106	90	110	113	108
Total Cost of Revenue	54	47	50	58	61	65	52	62	65	64
Operating Cost of Revenue	54	47	50	58	61	65	52	62	65	64
Total Operating Expenses	18	20	21	24	24	27	29	29	30	31
Selling, General & Admin Expense	12	13	14	16	16	17	18	18	19	20
Marketing Expense	6.30	6.85	6.68	8.15	7.73	9.24	10	10	11	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
Interest Expense	0.39	0.48	0.52	0.34	0.09	0.30	0.47	0.39	0.10	0.03
Other Income / (Expense), net	-0.37	0.27	0.01	-0.03	-0.40	0.73	-0.27	-0.28	0.33	-1.16
Income Tax Expense	3.23	2.28	2.98	4.08	3.49	2.68	1.82	3.49	3.73	2.26
Basic Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33
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
Diluted Earnings per Share	$0.48	$0.31	$0.41	$0.57	$0.49	$0.44	$0.24	$0.54	$0.54	$0.33
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
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

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	2022	2023	2024
Net Change in Cash & Equivalents	-2.99	7.54	20
Net Cash From Operating Activities	12	37	48
Net Cash From Continuing Operating Activities	12	37	48
Net Income / (Loss) Continuing Operations	41	53	45
Consolidated Net Income / (Loss)	41	53	45
Depreciation Expense	3.43	4.53	5.82
Amortization Expense	4.41	5.06	5.88
Non-Cash Adjustments To Reconcile Net Income	0.98	1.87	3.54
Changes in Operating Assets and Liabilities, net	-38	-27	-13
Net Cash From Investing Activities	-14	-26	-18
Net Cash From Continuing Investing Activities	-14	-26	-18
Purchase of Property, Plant & Equipment	-7.94	-6.36	-6.71
Acquisitions	-1.62	-1.29	-1.88
Purchase of Investments	-4.67	-19	-9.86
Sale of Property, Plant & Equipment	0.07	0.03	0.04
Net Cash From Financing Activities	0.60	-7.26	-19
Net Cash From Continuing Financing Activities	0.60	-7.26	-19
Repayment of Debt	-0.37	-0.09	-0.06
Issuance of Debt	1.00	-7.00	-19
Other Financing Activities, net	-0.03	-0.17	-0.19
Other Net Changes in Cash	-1.50	3.77	10
Cash Interest Paid	1.31	1.24	1.03
Cash Income Taxes Paid	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
Net Change in Cash & Equivalents	1.89	-4.06	0.51	12	-7.94	3.46	-6.18	13	2.93	11
Net Cash From Operating Activities	12	2.36	0.70	27	11	-1.12	-4.96	27	20	6.33
Net Cash From Continuing Operating Activities	12	2.36	0.70	27	11	-1.12	-4.96	27	20	6.33
Net Income / (Loss) Continuing Operations	13	8.36	11	16	14	12	6.67	15	15	8.90
Consolidated Net Income / (Loss)	13	8.36	11	16	14	12	6.67	15	15	8.90
Depreciation Expense	0.89	0.95	0.97	1.06	1.20	1.31	1.33	1.47	1.50	1.51
Amortization Expense	1.12	1.15	1.16	1.21	1.29	1.40	1.41	1.44	1.48	1.55
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
Changes in Operating Assets and Liabilities, net	-3.34	-8.42	-13	8.23	-5.56	-16	-15	8.02	0.74	-6.60
Net Cash From Investing Activities	-5.23	-4.33	-2.36	-5.89	-1.96	-16	-3.11	-7.48	-2.39	-5.42
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
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
Acquisitions	-0.75	-0.25	-0.32	-0.20	-0.28	-0.49	-0.34	-0.50	-7.10	6.07
Net Cash From Financing Activities	-6.04	-0.06	1.92	-15	-13	19	4.99	-13	-11	-0.03
Net Cash From Continuing Financing Activities	-6.04	-0.06	1.92	-15	-13	19	4.99	-13	-11	-0.03
Repayment of Debt	-0.01	-0.06	-0.08	-	-	-0.02	-0.02	-0.02	-19	19
Other Financing Activities, net	-0.03	-	-	-	-0.14	-	-	-	-0.09	-0.02
Cash Interest Paid	0.40	0.41	0.52	0.37	0.11	0.24	0.43	0.41	0.15	0.03
Cash Income Taxes Paid	2.63	2.59	0.75	7.06	3.33	4.15	1.15	5.65	3.46	3.36

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	2022	2023	2024
Total Assets	193	252	286
Total Current Assets	107	146	168
Cash & Equivalents	8.06	12	22
Accounts Receivable	15	24	29
Inventories, net	81	107	111
Prepaid Expenses	3.46	3.53	5.31
Current Deferred & Refundable Income Taxes	0.00	0.70	0.89
Plant, Property, & Equipment, net	14	17	18
Total Noncurrent Assets	72	89	100
Goodwill	27	37	44
Intangible Assets	29	35	35
Other Noncurrent Operating Assets	16	16	21
Total Liabilities & Shareholders' Equity	193	252	286
Total Liabilities	69	72	60
Total Current Liabilities	27	36	42
Short-Term Debt	0.08	0.06	0.06
Accounts Payable	23	32	37
Other Current Liabilities	3.89	3.97	4.67
Total Noncurrent Liabilities	41	36	19
Long-Term Debt	26	19	0.23
Noncurrent Deferred & Payable Income Tax Liabilities	2.05	2.66	0.47
Other Noncurrent Operating Liabilities	13	14	18
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	125	180	225
Total Preferred & Common Equity	125	180	225
Preferred Stock	0.00	0.00	0.00
Total Common Equity	125	180	225
Common Stock	11	13	16
Retained Earnings	116	169	214
Accumulated Other Comprehensive Income / (Loss)	-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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	188	208	217	227	258	262	273
Total Current Assets	105	120	126	138	153	148	159
Cash & Equivalents	10	8.33	14	10	8.61	15	21
Accounts Receivable	18	21	24	24	29	29	30
Inventories, net	69	85	83	92	110	98	102
Prepaid Expenses	7.07	6.04	4.66	11	5.58	4.64	6.30
Current Deferred & Refundable Income Taxes	0.00	-	-	-	0.00	1.22	0.26
Plant, Property, & Equipment, net	13	15	16	16	18	18	18
Total Noncurrent Assets	71	72	75	73	88	96	96
Goodwill	25	27	29	29	38	43	43
Intangible Assets	29	28	31	29	34	33	34
Other Noncurrent Operating Assets	16	17	16	15	16	20	20
Total Liabilities & Shareholders' Equity	188	208	217	227	258	262	273
Total Liabilities	73	71	63	60	72	60	54
Total Current Liabilities	32	28	35	47	32	31	37
Short-Term Debt	0.14	0.00	0.00	0.00	0.06	0.06	0.07
Accounts Payable	28	21	31	42	28	26	32
Other Current Liabilities	3.16	4.26	3.87	3.65	3.95	4.72	4.82
Total Noncurrent Liabilities	41	43	28	14	40	29	18
Long-Term Debt	26	28	13	0.00	24	11	0.26
Noncurrent Deferred & Payable Income Tax Liabilities	2.50	1.94	1.48	1.21	2.46	1.74	1.25
Other Noncurrent Operating Liabilities	13	13	13	12	13	16	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	115	137	153	167	186	202	219
Total Preferred & Common Equity	115	137	153	167	186	202	219
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	115	137	153	167	186	202	219
Common Stock	11	11	12	12	13	14	15
Retained Earnings	107	127	143	157	175	190	205
Accumulated Other Comprehensive Income / (Loss)	-3.41	-1.90	-1.45	-2.18	-2.07	-2.37	-1.22

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	24.97%	22.32%	6.08%
EBITDA Growth	38.64%	25.58%	-9.63%
EBIT Growth	34.30%	26.05%	-14.13%
NOPAT Growth	33.77%	24.68%	-11.51%
Net Income Growth	31.09%	27.59%	-13.85%
EPS Growth	31.58%	27.33%	-13.61%
Operating Cash Flow Growth	-34.00%	210.06%	27.93%
Free Cash Flow Firm Growth	101.27%	1,688.29%	268.84%
Invested Capital Growth	42.36%	31.54%	8.47%
Revenue Q/Q Growth	2.65%	7.33%	0.48%
EBITDA Q/Q Growth	5.57%	6.12%	-4.67%
EBIT Q/Q Growth	5.61%	6.04%	-6.11%
NOPAT Q/Q Growth	4.88%	6.18%	-3.62%
Net Income Q/Q Growth	-16.25%	7.34%	-6.33%
EPS Q/Q Growth	6.38%	7.30%	-6.25%
Operating Cash Flow Q/Q Growth	54.78%	-8.51%	18.43%
Free Cash Flow Firm Q/Q Growth	102.55%	-66.00%	332.61%
Invested Capital Q/Q Growth	9.09%	20.22%	2.82%
Profitability Metrics	-	-	-
Gross Margin	39.36%	40.98%	42.19%
EBITDA Margin	18.89%	19.40%	16.53%
Operating Margin	16.65%	16.90%	14.07%
EBIT Margin	16.47%	16.98%	13.74%
Profit (Net Income) Margin	12.77%	13.32%	10.82%
Tax Burden Percent	79.63%	79.96%	80.12%
Interest Burden Percent	97.36%	98.15%	98.28%
Effective Tax Rate	20.37%	20.04%	19.88%
Return on Invested Capital (ROIC)	35.35%	32.41%	24.21%
ROIC Less NNEP Spread (ROIC-NNEP)	26.06%	26.57%	51.28%
Return on Net Nonoperating Assets (RNNOA)	4.22%	2.25%	-1.77%
Return on Equity (ROE)	39.56%	34.66%	22.44%
Cash Return on Invested Capital (CROIC)	0.39%	5.17%	16.09%
Operating Return on Assets (OROA)	30.12%	30.21%	21.49%
Return on Assets (ROA)	23.35%	23.71%	16.92%
Return on Common Equity (ROCE)	39.56%	34.66%	22.44%
Return on Equity Simple (ROE_SIMPLE)	33.18%	29.34%	20.18%
Net Operating Profit after Tax (NOPAT)	43	54	47
NOPAT Margin	13.26%	13.51%	11.27%
Net Nonoperating Expense Percent (NNEP)	9.28%	5.84%	-27.07%
Return On Investment Capital (ROIC_SIMPLE)	28.48%	26.86%	20.99%
Cost of Revenue to Revenue	60.64%	59.02%	57.81%
SG&A Expenses to Revenue	14.88%	16.06%	17.93%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.71%	24.08%	28.12%
Earnings before Interest and Taxes (EBIT)	53	67	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	61	77	69
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	13.30	8.27	4.90
Price to Tangible Book Value (P/TBV)	24.16	13.82	7.52
Price to Revenue (P/Rev)	5.12	3.75	2.63
Price to Earnings (P/E)	40.08	28.18	24.28
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	2.49%	3.55%	4.12%
Enterprise Value to Invested Capital (EV/IC)	11.75	7.97	5.32
Enterprise Value to Revenue (EV/Rev)	5.17	3.77	2.57
Enterprise Value to EBITDA (EV/EBITDA)	27.39	19.46	15.58
Enterprise Value to EBIT (EV/EBIT)	31.41	22.23	18.74
Enterprise Value to NOPAT (EV/NOPAT)	39.04	27.93	22.84
Enterprise Value to Operating Cash Flow (EV/OCF)	139.06	40.01	22.63
Enterprise Value to Free Cash Flow (EV/FCFF)	3,512.38	175.20	34.38
Leverage & Solvency	-	-	-
Debt to Equity	0.21	0.11	0.00
Long-Term Debt to Equity	0.21	0.11	0.00
Financial Leverage	0.16	0.08	-0.03
Leverage Ratio	1.69	1.46	1.33
Compound Leverage Factor	1.65	1.43	1.30
Debt to Total Capital	17.29%	9.72%	0.13%
Short-Term Debt to Total Capital	0.05%	0.03%	0.03%
Long-Term Debt to Total Capital	17.24%	9.69%	0.10%
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	82.71%	90.28%	99.87%
Debt to EBITDA	0.43	0.25	0.00
Net Debt to EBITDA	0.29	0.10	-0.31
Long-Term Debt to EBITDA	0.42	0.25	0.00
Debt to NOPAT	0.61	0.36	0.01
Net Debt to NOPAT	0.42	0.15	-0.46
Long-Term Debt to NOPAT	0.61	0.36	0.00
Altman Z-Score	18.42	16.30	14.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.90	4.02	4.05
Quick Ratio	0.83	0.98	1.23
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.48	8.54	31
Operating Cash Flow to CapEx	153.34%	590.86%	716.68%
Free Cash Flow to Firm to Interest Expense	0.34	6.84	31.61
Operating Cash Flow to Interest Expense	8.55	29.96	48.02
Operating Cash Flow Less CapEx to Interest Expense	2.97	24.89	41.32
Efficiency Ratios	-	-	-
Asset Turnover	1.83	1.78	1.56
Accounts Receivable Turnover	23.24	20.41	15.79
Inventory Turnover	2.97	2.50	2.24
Fixed Asset Turnover	26.89	25.42	24.22
Accounts Payable Turnover	7.03	8.44	7.02
Days Sales Outstanding (DSO)	15.71	17.89	23.12
Days Inventory Outstanding (DIO)	123.08	145.99	163.26
Days Payable Outstanding (DPO)	51.91	43.24	51.99
Cash Conversion Cycle (CCC)	86.88	120.63	134.39
Capital & Investment Metrics	-	-	-
Invested Capital	143	188	204
Invested Capital Turnover	2.67	2.40	2.15
Increase / (Decrease) in Invested Capital	42	45	16
Enterprise Value (EV)	1,677	1,496	1,082
Market Capitalization	1,659	1,488	1,104
Book Value per Share	$4.52	$6.51	$8.15
Tangible Book Value per Share	$2.49	$3.90	$5.31
Total Capital	151	199	226
Total Debt	26	19	0.29
Total Long-Term Debt	26	19	0.23
Net Debt	18	7.77	-22
Capital Expenditures (CapEx)	7.86	6.33	6.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	71	98	105
Debt-free Net Working Capital (DFNWC)	79	110	127
Net Working Capital (NWC)	79	110	127
Net Nonoperating Expense (NNE)	1.57	0.75	1.90
Net Nonoperating Obligations (NNO)	18	7.77	-22
Total Depreciation and Amortization (D&A)	7.84	9.59	12
Debt-free, Cash-free Net Working Capital to Revenue	22.05%	24.84%	24.93%
Debt-free Net Working Capital to Revenue	24.54%	27.77%	30.18%
Net Working Capital to Revenue	24.51%	27.75%	30.17%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.50	$1.91	$1.65
Adjusted Weighted Average Basic Shares Outstanding	27.61M	27.62M	27.64M
Adjusted Diluted Earnings per Share	$1.50	$1.91	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	27.62M	27.63M	27.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.62M	27.63M	27.65M
Normalized Net Operating Profit after Tax (NOPAT)	43	54	47
Normalized NOPAT Margin	13.26%	13.51%	11.27%
Pre Tax Income Margin	16.04%	16.66%	13.51%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	37.85	53.91	58.01
NOPAT to Interest Expense	30.46	42.91	47.58
EBIT Less CapEx to Interest Expense	32.28	48.84	51.31
NOPAT Less CapEx to Interest Expense	24.89	37.84	40.88
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.98%	11.90%	19.45%	21.87%	14.39%	34.47%	4.96%	7.51%	9.91%	1.89%
EBITDA Growth	65.96%	32.31%	43.87%	30.48%	4.09%	33.56%	-31.47%	-2.69%	10.04%	-19.28%
EBIT Growth	65.74%	34.28%	48.92%	31.83%	1.75%	34.48%	-40.05%	-6.19%	8.64%	-25.17%
NOPAT Growth	64.09%	30.71%	48.34%	28.06%	0.78%	36.42%	-38.76%	-2.87%	4.72%	-15.25%
Net Income Growth	59.86%	-49.00%	46.52%	32.26%	2.54%	43.22%	-41.70%	-4.50%	9.05%	-25.66%
EPS Growth	60.00%	40.91%	46.43%	32.56%	2.08%	41.94%	-41.46%	-5.26%	10.20%	-25.00%
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%
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%
Invested Capital Growth	83.85%	42.36%	36.03%	20.72%	19.36%	31.54%	29.24%	30.43%	26.82%	8.47%
Revenue Q/Q Growth	6.99%	-12.56%	9.38%	19.10%	0.43%	2.79%	-14.62%	21.99%	2.67%	-4.72%
EBITDA Q/Q Growth	10.20%	-30.23%	29.17%	31.37%	-12.08%	-10.47%	-33.72%	86.53%	-0.58%	-34.33%
EBIT Q/Q Growth	10.74%	-34.36%	34.40%	34.93%	-14.52%	-13.24%	-40.08%	111.13%	-1.02%	-40.24%
NOPAT Q/Q Growth	11.27%	-38.85%	38.99%	35.42%	-12.44%	-17.23%	-37.61%	114.78%	-5.59%	-33.02%
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%
EPS Q/Q Growth	11.63%	-35.42%	32.26%	39.02%	-14.04%	-10.20%	-45.45%	125.00%	0.00%	-38.89%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.85%	39.56%	41.89%	43.03%	40.45%	38.78%	42.04%	43.55%	42.46%	40.64%
EBITDA Margin	21.10%	16.84%	19.89%	21.94%	19.20%	16.73%	12.99%	19.86%	19.23%	13.25%
Operating Margin	19.28%	13.82%	17.39%	19.75%	17.17%	13.47%	10.24%	17.46%	16.29%	11.48%
EBIT Margin	18.87%	14.16%	17.40%	19.72%	16.78%	14.16%	9.94%	17.20%	16.59%	10.40%
Profit (Net Income) Margin	14.84%	10.65%	13.32%	15.40%	13.30%	11.34%	7.40%	13.68%	13.20%	8.28%
Tax Burden Percent	80.50%	78.56%	79.30%	79.42%	79.65%	81.72%	78.57%	81.18%	79.97%	79.78%
Interest Burden Percent	97.69%	95.71%	96.50%	98.32%	99.51%	97.98%	94.72%	97.93%	99.48%	99.70%
Effective Tax Rate	19.50%	21.44%	20.70%	20.58%	20.35%	18.28%	21.43%	18.82%	20.03%	20.22%
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%
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%
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%
Return on Equity (ROE)	50.04%	33.47%	40.36%	43.37%	35.60%	28.87%	19.59%	32.26%	28.40%	18.53%
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%
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%
Return on Assets (ROA)	29.96%	19.47%	22.74%	27.04%	23.66%	20.18%	12.71%	23.34%	22.09%	12.94%
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%
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%
Net Operating Profit after Tax (NOPAT)	14	8.52	12	16	14	12	7.25	16	15	9.85
NOPAT Margin	15.52%	10.85%	13.79%	15.68%	13.67%	11.01%	8.05%	14.17%	13.03%	9.16%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	5.65%	-	-	-	5.83%	-	-	-	4.36%
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%
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%
R&D to Revenue	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%
Earnings before Interest and Taxes (EBIT)	17	11	15	20	17	15	8.96	19	19	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	13	17	22	20	18	12	22	22	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
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
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
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
Dividend Yield	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%
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
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
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
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
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
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
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
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
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
Financial Leverage	0.04	0.16	0.19	0.08	0.02	0.08	0.11	-0.01	-0.08	-0.03
Leverage Ratio	1.62	1.69	1.73	1.58	1.47	1.46	1.44	1.35	1.30	1.33
Compound Leverage Factor	1.58	1.62	1.67	1.56	1.47	1.43	1.37	1.32	1.29	1.32
Debt to Total Capital	18.53%	17.29%	16.99%	7.82%	0.00%	9.72%	11.56%	5.32%	0.15%	0.13%
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%
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%
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%
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%
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%
Debt to EBITDA	0.45	0.43	0.42	0.18	0.00	0.25	0.34	0.16	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
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
Debt to NOPAT	0.64	0.61	0.60	0.26	0.00	0.36	0.50	0.23	0.01	0.01
Net Debt to NOPAT	0.39	0.42	0.42	-0.03	0.00	0.15	0.32	-0.08	-0.42	-0.46
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
Altman Z-Score	17.80	17.70	19.14	25.40	24.55	15.62	15.60	13.19	16.59	14.20
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	0.89	0.83	1.07	1.08	0.74	0.98	1.17	1.43	1.38	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-34	-30	-10	-11	-33	-38	-31	-27	-6.05
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.02	1.83	1.71	1.76	1.78	1.78	1.72	1.71	1.67	1.56
Accounts Receivable Turnover	19.56	23.24	18.50	16.53	17.56	20.41	16.05	15.28	15.58	15.79
Inventory Turnover	3.57	2.97	2.54	2.67	2.68	2.50	2.43	2.66	2.51	2.24
Fixed Asset Turnover	29.61	26.89	25.34	25.73	26.05	25.42	24.32	24.36	24.95	24.22
Accounts Payable Turnover	6.52	7.03	6.43	6.18	6.18	8.44	9.81	8.36	6.62	7.02
Days Sales Outstanding (DSO)	18.66	15.71	19.73	22.08	20.79	17.89	22.75	23.89	23.42	23.12
Days Inventory Outstanding (DIO)	102.23	123.08	143.57	136.61	136.30	145.99	150.47	137.09	145.25	163.26
Days Payable Outstanding (DPO)	56.02	51.91	56.77	59.03	59.04	43.24	37.20	43.67	55.16	51.99
Cash Conversion Cycle (CCC)	64.86	86.88	106.53	99.65	98.05	120.63	136.01	117.31	113.51	134.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	131	143	156	152	156	188	202	198	198	204
Invested Capital Turnover	3.12	2.67	2.49	2.56	2.57	2.40	2.23	2.33	2.36	2.15
Increase / (Decrease) in Invested Capital	60	42	41	26	25	45	46	46	42	16
Enterprise Value (EV)	1,795	1,677	1,896	2,325	2,120	1,496	1,508	979	1,178	1,082
Market Capitalization	1,780	1,659	1,877	2,326	2,130	1,488	1,493	983	1,199	1,104
Book Value per Share	$4.16	$4.52	$4.95	$5.55	$6.03	$6.51	$6.75	$7.31	$7.91	$8.15
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
Total Capital	141	151	165	166	167	199	211	213	219	226
Total Debt	26	26	28	13	0.00	19	24	11	0.33	0.29
Total Long-Term Debt	26	26	28	13	0.00	19	24	11	0.26	0.23
Net Debt	16	18	20	-1.30	-10	7.77	16	-3.65	-21	-22
Capital Expenditures (CapEx)	1.50	2.40	2.04	1.24	1.44	1.61	2.02	1.81	1.22	1.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	63	71	84	76	81	98	113	102	101	105
Debt-free Net Working Capital (DFNWC)	73	79	93	90	91	110	121	117	122	127
Net Working Capital (NWC)	73	79	93	90	91	110	121	117	122	127
Net Nonoperating Expense (NNE)	0.61	0.16	0.41	0.29	0.38	-0.35	0.59	0.54	-0.19	0.95
Net Nonoperating Obligations (NNO)	16	18	20	-1.30	-10	7.77	16	-3.65	-21	-22
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
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%
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%
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%
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	14	8.52	12	16	14	12	7.25	16	15	9.85
Normalized NOPAT Margin	15.52%	10.85%	13.79%	15.68%	13.67%	11.01%	8.05%	14.17%	13.03%	9.16%
Pre Tax Income Margin	18.43%	13.56%	16.79%	19.39%	16.70%	13.88%	9.42%	16.85%	16.50%	10.37%
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
NOPAT to Interest Expense	35.63	17.86	22.64	47.44	165.18	38.48	15.33	39.73	151.59	289.68
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
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
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%
Augmented Payout Ratio	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.

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 4/14/2025 by MarketBeat.com Staff

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XPEL (XPEL) Financials

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XPEL (XPEL) Financials

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