XPEL, Inc. (XPEL)

XPEL, Inc. Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	396.29	323.99	259.26	158.92	129.93
Revenue Growth (YoY)	22.32%	24.97%	63.14%	22.31%	18.21%
Cost of Revenue	233.88	196.48	166.59	104.9	86.43
Gross Profit	162.41	127.51	92.68	54.03	43.51
Selling, General & Admin	95.44	73.58	52.56	30.66	26.42
Operating Expenses	95.44	73.58	52.56	30.66	26.42
Operating Income	66.97	53.94	40.12	23.37	17.09
Interest Expense / Income	1.25	1.41	0.3	0.25	0.1
Other Expense / Income	-0.31	0.56	0.37	0.32	0.06
Pretax Income	66.03	51.97	39.44	22.81	16.93
Income Tax	13.23	10.58	7.87	4.52	2.96
Net Income	52.8	41.38	31.57	18.28	13.98
Net Income Growth	27.59%	31.09%	72.67%	30.79%	60.43%
Shares Outstanding (Basic)	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28
Shares Change	0.07%	0.01%	-	0.00%	-
EPS (Basic)	1.91	1.50	1.14	0.66	0.51
EPS (Diluted)	1.91	1.50	1.14	0.66	0.51
EPS Growth	27.33%	31.58%	72.73%	29.41%	59.38%
Free Cash Flow	29.77	2.57	10.65	16.37	8.79
Free Cash Flow Per Share	1.08	0.09	0.39	0.59	0.32
Gross Margin	40.98%	39.36%	35.75%	33.99%	33.48%
Operating Margin	16.90%	16.65%	15.47%	14.71%	13.15%
Profit Margin	13.32%	12.77%	12.18%	11.50%	10.76%
Free Cash Flow Margin	7.51%	0.79%	4.11%	10.30%	6.76%
Effective Tax Rate	20.04%	20.37%	19.96%	19.83%	17.45%
EBITDA	76.87	61.21	44.13	25.28	18.73
EBITDA Margin	19.40%	18.89%	17.02%	15.91%	14.41%
Depreciation & Amortization	9.59	7.83	4.39	2.23	1.7
EBIT	67.28	53.38	39.74	23.05	17.03
EBIT Margin	16.98%	16.47%	15.33%	14.51%	13.11%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).