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XPEL, Inc. XPEL Business Segments — Direct product costs

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Other financials

Income statement

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Revenue$117.4M+13.1%
Gross profit$51.2M+16.7%
Operating income$13.0M+17.0%
Net income$10.3M+20.5%
EPS (diluted)$0.37+19.4%

Balance sheet

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Cash & equivalents$45.1M+91.6%
Total debt$20.8M-1.0%
Total equity$287.5M+22.1%
Total assets$394.4M+33.8%

Cash flow

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Operating cash flow$7.4M+129%
CapEx$9.7M+869%
Free cash flow-$2.3M-205%

Valuation

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Market cap$1.26B+26.3%
Enterprise value$1.24B+24.2%
P/E23.8×+2.7×
P/S2.6×+0.3×

Profitability

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Gross margin42.5%+0.3pp
Operating margin13.2%-0.9pp
Net margin10.8%-0.1pp
FCF margin11.9%+0.3pp

Returns & leverage

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Return on equity20.3%-2.2pp
Debt / equity0.1×0.0×
Current ratio3.1×-1.2×

Where this comes from

Reported directly by XPEL, Inc. in its filing.

Tagged under the XBRL concept xpel:DirectOperatingCostsProduction.

The official record: XPEL, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is XPEL, Inc.'s business segments — direct product costs?
XPEL, Inc. (XPEL) reported business segments — direct product costs of $52.37M in Q1 2026.
How has XPEL, Inc.'s business segments — direct product costs changed year-over-year?
XPEL, Inc.'s business segments — direct product costs increased by 8.1% year-over-year, from $48.44M to $52.37M.
What is the long-term trend for XPEL, Inc.'s business segments — direct product costs?
Over 3 years (2022 to 2025), XPEL, Inc.'s business segments — direct product costs has grown at a 9.6% compound annual growth rate (CAGR), from $169.91M to $223.97M.
What does business segments — direct product costs mean?
Includes the direct costs associated with the manufacturing, procurement, and delivery of goods sold within the reportable segment. Monitoring this metric helps assess the direct variable cost burden relative to the segment's total revenue generation.