Xpel Inc (XPEL) financials
Xpel revenue and earnings by year
Xpel's revenue was $476 million in the fiscal year to December 31, 2025, up 13.3% from the year before. Net income was $51.2 million, 10.8% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 27.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 476 | 420 | 396 | 324 | 259 | 159 | 130 | 110 | 67 |
| Revenue growth | 13.3% | 6.1% | 22.3% | 25.0% | 63.1% | 22.3% | 18.2% | 63.3% | — |
| Gross profit | 201 | 177 | 162 | 128 | 93 | 54 | 44 | 33 | 17 |
| Gross margin | 42.2% | 42.2% | 41.0% | 39.4% | 35.7% | 34.0% | 33.5% | 30.4% | 24.8% |
| Operating income | 63 | 59 | 67 | 54 | 40 | 23 | 17 | 12 | 2 |
| Operating margin | 13.2% | 14.1% | 16.9% | 16.6% | 15.5% | 14.7% | 13.2% | 10.7% | 3.3% |
| Net income | 51 | 45 | 53 | 41 | 32 | 18 | 14 | 9 | 1 |
| Net margin | 10.8% | 10.8% | 13.3% | 12.8% | 12.2% | 11.5% | 10.8% | 7.9% | 1.6% |
| Diluted EPS | $1.85 | $1.65 | $1.91 | $1.50 | $1.14 | $0.66 | $0.51 | — | — |
| Free cash flow | 63 | 41 | 31 | 3 | 11 | 16 | 9 | 5 | 2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open XPEL in Markets.
How Xpel makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product Revenue Paint Protection Film | $74.8M | 52.3% |
| Product Revenue Window Film | $32.5M | 22.7% |
| Service Revenue Installation Labor | $25.3M | 17.7% |
| Product Revenue Other | $4.39M | 3.1% |
| Service Revenue Software | $2.26M | 1.6% |
| Service Revenue Cutbank Credits | $1.92M | 1.3% |
| Service Revenue Other | $1.88M | 1.3% |
See also: XPEL valuation and P/E history · XPEL returns
No forecast, no recommendation. This page describes Xpel Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.