XPEL Consumer Cyclical

XPEL, Inc.

$42.49-5.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Parts
Country: United States
Market cap: 1.2B USD
Enterprise value: 1.2B USD
Full-time employees: 1,337

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: growing faster than most peersgrowing faster than peers
Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.63)bigger price swings (beta 1.14 vs peers 0.63)

Ranks #265 of 1,502 consumer cyclical companies (top 18%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
XPEL reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Stock pay outran buybacks. Stock-based pay expense $8M vs $3M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −0.2% from December 2022 to August 2026.
Over three fiscal years XPEL recorded $8M of stock-based pay expense and spent $3M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years XPEL recorded $8M of stock-based pay expense and spent $3M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Valuation signals disagree. Cheaper than 53% of peers on earnings, but only 0% on free cash flow.
Relative to its earnings, XPEL looks cheaper than 53% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Sales growing faster than profits. Since 2022: revenue +47%, operating profit +16%.
Since 2022, XPEL's revenue changed +47% but operating profit only +16%: costs are rising faster than sales.

StockQuotient Score

67/ 100

Oct 5 66 → Nov 4 67 (+1)

Valuation

Is the price right?

36/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.7%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.08Sector median: 0.0439 · MAD: 0.0329

EBITDA yield7.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.37Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-0.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield26.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

75/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.7%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth12.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.34Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth12.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.31Sector median: 0.0425 · MAD: 0.0636

Revenue growth13.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.45Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

88/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Free cash flow turned negative over the last 12 months

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin13.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.54Sector median: 0.0638 · MAD: 0.0461

Return on assets11.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.25Sector median: 0.0331 · MAD: 0.0254

Return on invested capital17.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.69Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin42.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity17.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 75832%

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.14

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.68Sector median: 0.6345 · MAD: 0.2980

Current ratio2.61×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.03Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.15×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.90Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about XPEL

Is XPEL getting weaker?: Its latest SEC filing (Aug 7, 2026) got weaker in some ways: debt up 75832%; free cash flow turned negative over the last 12 months. Its overall score is unchanged at 67/100 since Oct 28, 2026.
How is XPEL valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 36/100 against 1,612 consumer cyclical peers. Free cash flow yield -0.2% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -0.2% vs peers 6.1% (weaker than 100% of peers).
Is XPEL growing?: Yes, faster than most of its peers. Growth scores 75/100 against 1,612 consumer cyclical peers. Revenue growth 13.2% vs a peer median of 3.7% (stronger than 81% of peers).Revenue growth 13.2% vs peers 3.7% (stronger than 81% of peers).
How profitable is XPEL?: More profitable than most of its peers. Profitability scores 88/100 against 1,612 consumer cyclical peers. Return on assets 11.6% vs a peer median of 3.3% (stronger than 93% of peers).Return on assets 11.6% vs peers 3.3% (stronger than 93% of peers).
How risky is XPEL?: Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.61× vs a peer median of 1.48× (stronger than 81% of peers).Current ratio 2.61× vs peers 1.48× (stronger than 81% of peers). Beta 1.14 vs a peer median of 0.63 (weaker than 80% of peers).Beta 1.14 vs peers 0.63 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Debt up 75832%
Free cash flow turned negative over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	489.7M USD	508.1M USD	+3.7%
Net income (12 months)	53.0M USD	54.7M USD	+3.3%
Operating margin	13.2%	13.5%	+0.3 pts
Free cash flow (12 months)	58.4M USD	−2.9M USD	turned negative
Debt	59,000 USD	44.8M USD	+75832.2%
Cash	45.1M USD	40.7M USD	−9.8%
Shares outstanding	27.6M	27.6M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Auto Parts · 21 companies

Valuations in Auto Parts are within their usual range since 2016.

53% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −62% vs the whole market, against a usual −53%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	35.7%	39.4%	41.0%	42.2%	42.2%	▲ 0.0 pts
Operating margin	15.5%	16.6%	16.9%	14.1%	13.2%	▼ 0.9 pts
Net margin	12.2%	12.8%	13.3%	10.8%	10.8%	▼ 0.1 pts
Return on assets (ROA)	19.6%	21.4%	20.9%	15.9%	13.4%	▼ 2.5 pts
Return on equity (ROE)	37.4%	33.2%	29.3%	20.2%	18.3%	▼ 1.9 pts
Free cash flow margin	4.5%	1.3%	7.8%	9.8%	13.2%	▲ 3.4 pts
Current ratio	2.18×	3.90×	4.02×	4.05×	3.25×	▼ 20%
Quick ratio	0.75×	0.96×	1.10×	1.38×	1.52×	▲ 9.9%
Debt to equity	0.01×	0.00×	0.00×	0.00×	0.00×	▼ 84%
Interest coverage	132.40×	38.25×	53.66×	59.38×	754.81×	▲ >999%

XPEL price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: growing faster than most peersgrowing faster than peers

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.63)bigger price swings (beta 1.14 vs peers 0.63)

Ranks #265 of 1,502 consumer cyclical companies (top 18%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

XPEL reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Stock pay outran buybacks. Stock-based pay expense $8M vs $3M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −0.2% from December 2022 to August 2026.

Over three fiscal years XPEL recorded $8M of stock-based pay expense and spent $3M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years XPEL recorded $8M of stock-based pay expense and spent $3M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Valuation signals disagree. Cheaper than 53% of peers on earnings, but only 0% on free cash flow.

Relative to its earnings, XPEL looks cheaper than 53% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Sales growing faster than profits. Since 2022: revenue +47%, operating profit +16%.

Since 2022, XPEL's revenue changed +47% but operating profit only +16%: costs are rising faster than sales.

Questions investors ask about XPEL

Is XPEL getting weaker?

Its latest SEC filing (Aug 7, 2026) got weaker in some ways: debt up 75832%; free cash flow turned negative over the last 12 months. Its overall score is unchanged at 67/100 since Oct 28, 2026.

How is XPEL valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 36/100 against 1,612 consumer cyclical peers. Free cash flow yield -0.2% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -0.2% vs peers 6.1% (weaker than 100% of peers).

Is XPEL growing?

Yes, faster than most of its peers. Growth scores 75/100 against 1,612 consumer cyclical peers. Revenue growth 13.2% vs a peer median of 3.7% (stronger than 81% of peers).Revenue growth 13.2% vs peers 3.7% (stronger than 81% of peers).

How profitable is XPEL?

More profitable than most of its peers. Profitability scores 88/100 against 1,612 consumer cyclical peers. Return on assets 11.6% vs a peer median of 3.3% (stronger than 93% of peers).Return on assets 11.6% vs peers 3.3% (stronger than 93% of peers).

How risky is XPEL?

Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.61× vs a peer median of 1.48× (stronger than 81% of peers).Current ratio 2.61× vs peers 1.48× (stronger than 81% of peers). Beta 1.14 vs a peer median of 0.63 (weaker than 80% of peers).Beta 1.14 vs peers 0.63 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

489.7M USD

508.1M USD

+3.7%

Net income (12 months)

53.0M USD

54.7M USD

+3.3%

Operating margin

13.2%

13.5%

+0.3 pts

Free cash flow (12 months)

58.4M USD

−2.9M USD

turned negative

Debt

59,000 USD

44.8M USD

+75832.2%

Cash

45.1M USD

40.7M USD

−9.8%

Shares outstanding

27.6M

27.6M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

35.7%

39.4%

41.0%

42.2%

▲ 0.0 pts

Operating margin

15.5%

16.6%

16.9%

14.1%

13.2%

▼ 0.9 pts

Net margin

12.2%

12.8%

13.3%

10.8%

▼ 0.1 pts

Return on assets (ROA)

19.6%

21.4%

20.9%

15.9%

13.4%

▼ 2.5 pts

Return on equity (ROE)

37.4%

33.2%

29.3%

20.2%

18.3%

▼ 1.9 pts

Free cash flow margin

4.5%

1.3%

7.8%

9.8%

13.2%

▲ 3.4 pts

Current ratio

2.18×

3.90×

4.02×

4.05×

3.25×

▼ 20%

Quick ratio

0.75×

0.96×

1.10×

1.38×

1.52×

▲ 9.9%

Debt to equity

0.01×

0.00×

▼ 84%

Interest coverage

132.40×

38.25×

53.66×

59.38×

754.81×

▲ >999%