XPEL, Inc. (XPEL)

XPEL, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	434.1	420.4	396.29	323.99	259.26	158.92
Revenue Growth (YoY)	8.38%	6.08%	22.31%	24.97%	63.14%	22.31%
Cost of Revenue	250.72	243.04	233.88	196.48	166.59	104.9
Gross Profit	183.38	177.36	162.41	127.51	92.68	54.03
Selling, General & Admin	122.34	118.21	95.44	73.58	52.56	30.66
Operating Expenses	122.34	118.21	95.44	73.58	52.56	30.66
Operating Income	61.04	59.15	66.97	53.94	40.12	23.37
Interest Expense	-0.6	-1	-1.25	-1.41	-0.3	-0.25
Currency Exchange Gain (Loss)	-0.87	-1.37	0.31	-0.56	-0.37	-0.32
EBT Excluding Unusual Items	59.57	56.78	66.03	51.97	39.44	22.81
Pretax Income	59.57	56.78	66.03	51.97	39.44	22.81
Income Tax Expense	12.17	11.29	13.23	10.58	7.87	4.52
Earnings From Continuing Operations	47.41	45.49	52.8	41.38	31.57	18.28
Net Income	47.41	45.49	52.8	41.38	31.57	18.28
Net Income to Common	47.41	45.49	52.8	41.38	31.57	18.28
Net Income Growth	-1.30%	-13.85%	27.59%	31.09%	72.67%	30.80%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
Shares Change (YoY)	0.06%	0.03%	0.07%	0.01%	-	0.00%
EPS (Basic)	1.71	1.65	1.91	1.50	1.14	0.66
EPS (Diluted)	1.71	1.65	1.91	1.50	1.14	0.66
EPS Growth	-1.37%	-13.83%	27.46%	31.45%	72.73%	30.38%
Free Cash Flow	50.31	41.11	31.03	4.12	11.54	16.68
Free Cash Flow Per Share	1.82	1.49	1.12	0.15	0.42	0.60
Gross Margin	42.24%	42.19%	40.98%	39.36%	35.75%	33.99%
Operating Margin	14.06%	14.07%	16.90%	16.65%	15.47%	14.70%
Profit Margin	10.92%	10.82%	13.32%	12.77%	12.18%	11.50%
Free Cash Flow Margin	11.59%	9.78%	7.83%	1.27%	4.45%	10.50%
EBITDA	73.05	70.84	76.57	61.77	44.5	25.6
EBITDA Margin	16.83%	16.85%	19.32%	19.07%	17.17%	16.11%
D&A For EBITDA	12.01	11.7	9.59	7.83	4.39	2.23
EBIT	61.04	59.15	66.97	53.94	40.12	23.37
EBIT Margin	14.06%	14.07%	16.90%	16.65%	15.47%	14.70%
Effective Tax Rate	20.42%	19.88%	20.04%	20.37%	19.96%	19.83%
Revenue as Reported	434.1	420.4	396.29	323.99	259.26	158.92
Advertising Expenses	-	2.4	1.7	1.2	1.1	0.6

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q