XPEL, Inc. (XPEL)

XPEL, Inc. Income Statement

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

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

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q