XPEL, Inc. (XPEL) Stock Price & Analysis
XPEL, Inc. (XPEL) closed at USD 43.87 on Wednesday, October 28, 2026, up 2.24% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 42.91; the Oct 28, 2026 session ranged USD 42.6–43.96 on volume of 203,013 shares. Market capitalization is $1.21B, with a 52-week range of USD 31.88–55.91 (NCM). Source: Nexqual, retrieved October 29, 2026 at 12:09 UTC.
Also available as compact Markdown for AI agents: nexqual.com/XPEL.md
Key facts (XPEL)
- Last four reported quarters (through Jun 30, 2026): revenue $508M, net income $54.7M (10.8% margin), free cash flow -$2.9M (SEC filings).
- Valuation: P/E 22.1x (avg 26.5x at the last 3 fiscal year-ends), EV/EBITDA 16.2x, net debt $4.1M.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 61.67 (range 60–65).
- Total return with dividends: 1Y +23.4% vs S&P 500 +13.6%; 5Y -42.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.62, revenue estimate $139M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (XPEL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $259M | $324M | $396M | $420M | $476M | $508M |
| Gross profit | $92.7M | $128M | $162M | $177M | $201M | — |
| Operating income | $40.1M | $53.9M | $67.0M | $59.1M | $62.6M | $68.5M |
| Net income | $31.6M | $41.4M | $52.8M | $45.5M | $51.2M | $54.7M |
| EPS (diluted) | $1.14 | $1.50 | $1.91 | $1.65 | $1.85 | — |
| Free cash flow | $11.5M | $4.1M | $31.0M | $41.1M | $62.9M | -$2.9M |
| Gross margin | 35.7% | 39.4% | 41.0% | 42.2% | 42.2% | — |
| Operating margin | 15.5% | 16.6% | 16.9% | 14.1% | 13.2% | 13.5% |
| Net margin | 12.2% | 12.8% | 13.3% | 10.8% | 10.8% | 10.8% |
| Revenue growth | +63.1% | +25.0% | +22.3% | +6.1% | +13.3% | — |
| Cash + short-term investments | $9.6M | $8.1M | $11.6M | $22.1M | $50.9M | — |
| Total debt | $458K | $0K | $317K | $229K | $59K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (XPEL)
P/E 22.1x · P/S 2.4x · EV/EBITDA 16.2x · EV/Sales 2.4x · P/B 4.0x · FCF yield -0.24% · Earnings yield 4.53% · Net debt $4.1M · EV $1.21B
P/E at fiscal year-ends: Dec 2025 27.0x, Dec 2024 24.3x, Dec 2023 28.2x.
Analysts (XPEL)
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 61.67 (low 60, high 65).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-08 | Freedom Broker | Upgrade | Hold → Buy | $45 → $60 |
| 2026-08-06 | B. Riley Securities | Target raised | Buy | $55 → $65 |
Total return (dividends reinvested) (XPEL)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +23.4% | -42.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +23.5% | -10.4% |
| Volatility (annualized) | 40.5% | 52.8% |
| Max drawdown | -31.8% (Jan 2026→Mar 2026) | -69.6% (Aug 2022→Apr 2025) |
XPEL earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.65 | $0.60 | Beat +8.3% | +3.9% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.37 | $0.36 | Beat +2.8% | -11.0% |
| Feb 25, 2026 | Quarter ended Dec 31, 2025 | $0.48 | $0.45 | Beat +6.7% | -10.7% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.47 | $0.52 | Miss −9.6% | +3.4% |
| Aug 6, 2025 | — | — | — | — | +6.6% |
| May 6, 2025 | — | — | — | — | +21.8% |
| Feb 26, 2025 | — | — | — | — | -20.6% |
| Nov 7, 2024 | — | — | — | — | +6.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
XPEL recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 9, 2026 | Schedule 13G/A | Wasatch Advisors LP: 12.4% of shares, passive 5%+ holder (amended) |
| Sep 3, 2026 | Schedule 13G/A | The Vanguard Group: 0.0% of shares, passive 5%+ holder (amended) |
| Aug 7, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 31, 2026 | 8-K | Director or executive officer change, or pay arrangement “(b) On July 30th, 2026, Mark Thornton notified the Board of Directors (the "Board") of XPEL, Inc. (the "Company") of his resignation as a member of the Board, effective immediately. Mr. Thornton's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Mr. Thornton resigned as a result of a new policy adopted by his employer that prohibits him from serving on the Board. The Board thanks Mr. Thornton for his service and…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
XPEL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product revenue | $111.7M | 78.1% | +17.8% |
| — Paint protection film (part of Product revenue) | $74.8M | 52.3% | +19.4% |
| — Window film (part of Product revenue) | $32.5M | 22.7% | +16.1% |
| — Other (part of Product revenue) | $4.4M | 3.1% | +5.3% |
| Service revenue | $31.4M | 21.9% | +4.9% |
| — Installation labor (part of Service revenue) | $25.3M | 17.7% | +12.8% |
| — Software (part of Service revenue) | $2.3M | 1.6% | +3.6% |
| — Cutbank credits (part of Service revenue) | $1.9M | 1.3% | -57.6% |
| — Other (part of Service revenue) | $1.9M | 1.3% | +144.5% |
| Total revenue | $143.1M | 100% | — |
XPEL revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $94.4M | 66.0% | +11.5% |
| — United States (part of North America) | $78.6M | 54.9% | +11.7% |
| — Canada (part of North America) | $15.8M | 11.0% | +10.8% |
| Asia Pacific | $22.1M | 15.5% | +68.3% |
| — China (part of Asia Pacific) | $15.9M | 11.1% | +106.7% |
| — Asia Other (part of Asia Pacific) | $6.2M | 4.3% | +13.8% |
| EU, UK, and Africa | $17.0M | 11.9% | -2.3% |
| India and Middle East | $6.4M | 4.5% | -5.0% |
| Latin America | $3.2M | 2.2% | +12.6% |
| Total revenue | $143.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
XPEL customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 3.4% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
XPEL company outlook (results filed Aug 5, 2026)
- “Third Quarter Outlook • The Company expects third quarter 2026 revenue of approximately $137 - $139 million.”
- “Please see the information under "Forward-looking Statements" below regarding certain cautionary statements relating to our 2026 Third Quarter Outlook.”
- “Full second quarter 2026 financial information will be included in the filing of the Company's Quarterly Report on Form 10-Q with the Securities and Exchange Commission which is anticipated on or prior to August 7, 2026. 2 See "Non-GAAP Financial Measure" and "Reconciliation of Non-GAAP Financial Measure" below.”
Analysts expect $138.7M for the current quarter, 0.5% above the midpoint of the company's guidance ($138.0M).
Quoted word-for-word from the SEC 8-K results press release.
XPEL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.62 | $0.00 | +$0.62 | $138.7M | 1 |
| Next quarter (ends Dec 2026) | $0.57 | $0.00 | +$0.57 | $132.8M | 1 |
| Current fiscal year (ends Dec 2026) | $2.25 | $0.00 | +$2.25 | $532.0M | 1 |
| Next fiscal year (ends Dec 2027) | $2.70 | $0.00 | +$2.70 | $588.5M | 1 |
XPEL options: expected move
Options price a move of about ±13.9% (±$6.10) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±10.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 67.9% | ±13.9% |
| Dec 18, 2026 | 50 | 53.9% | ±16.3% |
| Jan 15, 2027 | 78 | 53.0% | ±19.9% |
| Apr 16, 2027 | 169 | 53.7% | ±29.3% |
30-day implied volatility 70.7% vs 30.3% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 12:09 UTC)
| Price | USD 43.87 |
|---|---|
| Change | ▲ 2.24% (up) |
| Previous Close | USD 42.91 |
| Open | USD 42.82 |
| Day Range | USD 42.6 – 43.96 |
| 52-Week Range | USD 31.88 – 55.91 |
| Volume | 203,013 shares |
| Market Cap | $1.21B |
| Exchange | NCM |
Technical Analysis (XPEL)
Nexqual's technical model rates XPEL "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 12:09 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 45.54 (neutral) |
| vs SMA50 | Below (USD 46.3) |
| MACD | -0.68 (negative) |
Analyst Ratings (XPEL)
Wall Street analysts rate XPEL "Buy" based on 3 analysts, with a mean price target of USD 61.67 (range USD 60–65), per Nexqual as of October 29, 2026 at 12:09 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 61.67 |
| High Target | USD 65 |
| Low Target | USD 60 |
| Buy / Hold / Sell | 3 / 0 / 0 |
Earnings (XPEL)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.62 |
| Revenue Estimate | $138.75M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.65 vs est 0.6 ▲ beat |
| 2026-03-31 | USD 0.37 vs est 0.36 ▲ beat |
| 2025-12-31 | USD 0.48 vs est 0.45 ▲ beat |
| 2025-09-30 | USD 0.47 vs est 0.52 ▼ miss |
Source: Nexqual, October 29, 2026 at 12:09 UTC.
Financials & Fundamentals (XPEL)
| Total Revenue | $508.09M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +14.70% |
| Gross Margin | +42.90% |
| Operating Margin | +16.23% |
| Profit Margin | +10.77% |
| ROE | +19.37% |
| Debt / Equity | 0.2 |
| Current Ratio | 2.61 |
| Total Cash | $40.67M |
| Total Debt | $63.55M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$2.89M (-0.6% of revenue) |
Source: Nexqual, October 29, 2026 at 12:09 UTC.
Financial Health Score (XPEL)
Nexqual rates XPEL, Inc.'s overall financial health "Solid" across five dimensions, as of October 29, 2026 at 12:09 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 43%, operating 13% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $41M cash and investments vs $45M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$3M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Solid — ROE 18%, ROA 11.6% (last 4 quarters, SEC) |
Ownership (XPEL)
| Insider Ownership | +9.43% |
|---|---|
| Institutional Ownership | +86.98% |
| Shares Outstanding | 27.57M |
| Float | 22.97M |
| Short % of Float | +15.38% |
Source: Nexqual, October 29, 2026 at 12:09 UTC.
Leadership (XPEL)
XPEL, Inc. is led by Ryan L. Pape, Chairman, President & CEO, per Nexqual as of October 29, 2026 at 12:09 UTC.
| Chairman, President & CEO | Ryan L. Pape |
|---|---|
| Senior VP, CFO & Secretary | Barry R. Wood |
| Vice President of Operations | Carlos Alvarez |
| Vice President of Corporate Development | Michael Mayall |
| Vice President of People & Culture | Kim Steiner |
Major Backers & Investors (XPEL)
Notable institutional backers of XPEL, Inc. include Wasatch Advisors LP, Alta Fox Capital Management, LLC, WASATCH FUNDS TRUST-Wasatch Core Growth Fund, according to Nexqual as of October 29, 2026 at 12:09 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wasatch Advisors LP | 12.44% |
| Alta Fox Capital Management, LLC | 7.22% |
| WASATCH FUNDS TRUST-Wasatch Core Growth Fund | 6.84% |
| SCS Capital Management, LLC | 4.5% |
| Schwartz Investment Counsel, Inc. | 3.28% |
| Westwood Holdings Group Inc. | 2.94% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.9% |
| Vanguard Group | 5.78% |
| State Street | 3.52% |
| Geode Capital | 2.38% |
Source: Nexqual, October 29, 2026 at 12:09 UTC.
From XPEL, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Our DAP customers pay a monthly access fee to access our proprietary database.
- We believe this flexibility allows us to penetrate and grow market share more efficiently.
- We offer complete turn-key solutions, which include XPEL protection films, installation training, access to our proprietary DAP software, marketing support and lead generation to independent after-market installers.
- We provide access to our proprietary DAP software which, in turn, provides access to pattern libraries that enable cutting our films into specific shapes to aid in their installation.
Partnerships
- We collaborate with third-party research institutions, materials science laboratories, and technology partners to supplement our internal R&D capabilities and remain at the forefront of protective film innovation.
- Foreign investment in the PRC is regulated by the Foreign Investment Law and related implementing regulations, together with the Special Administrative Measures (Negative List) for Foreign Investment Access.
Legal & Regulatory Risks (Item 1A, quoted)
- We may incur material losses and costs as a result of product liability and warranty claims.
- Our failure to satisfy international trade compliance regulations, and changes in U.S. government sanctions, could have a material adverse effect on us.
- Changes in U.S. administrative policy, including changes to existing trade agreements and any resulting changes in international relations, could adversely affect our financial performance.
- We may face design limitations or liability associated with the use of products for which patent ownership or other intellectual property rights are claimed.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ATMU | Atmus Filtration Technologies I | USD 45.09 | ▲ 0.2% |
| DORM | Dorman Products, Inc. | USD 129.74 | ▲ 4.37% |
| GTX | Garrett Motion Inc. | USD 22.33 | ▲ 1.45% |
| GNTX | Gentex Corporation | USD 20.07 | ▼ 0.69% |
| LKQ | LKQ Corporation | USD 17.19 | ▲ 0.53% |
| LEA | Lear Corporation | USD 116.89 | ▲ 0.21% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 12:09 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt