XPEL, Inc.(XPEL)Stock Analysis
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Rank #579 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
XPEL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for XPEL, Inc. (XPEL), a Industrials sector company. 13F Pro's AI-powered ranking engine scores XPEL at 65.3/100 on a 32-signal composite quality model, placing it at rank #579 of 2,879 stocks — the top 25% of the AI-ranked universe. XPEL scores in the top quartile across balance sheet strength (90.6), institutional flow (86.3). Areas of concern include revenue scale (35.9) and earnings quality (39.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), XPEL, Inc. reports quarterly revenue of $117.4M, net income of $10.3M, an operating margin of 11.1%. Top institutional holders of XPEL by reported 13-F value include WASATCH ADVISORS, BlackRock,, ALTA FOX CAPITAL MANAGEMENT,, based on the most recent SEC filings. XPEL trades on the Nasdaq exchange and files with the SEC under CIK 1767258. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate XPEL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for XPEL, Inc. directly from SEC EDGAR. XPEL, Inc.'s 13F Pro composite quality score has ranged between 65 and 69 since 2024, currently 65.3 — a declining long-term trajectory across 15 quarterly and live scoring snapshots.
Revenue
Q1 2026
$117.4M
Net Income
Q1 2026
$10.3M
Free Cash Flow
Q1 2026
$-2.3M
Operating Margin
Q1 2026
11.1%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+6.1% YoYNet Income
-13.8% YoYOperating Income
-11.7% YoYEPS (Diluted)
-13.6% YoYTotal Assets
+13.3% YoYTotal Debt
Op. Cash Flow
+27.9% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $420.4M +6.1% | $396.3M +22.3% | $324.0M +25.0% | $259.3M +63.1% | $158.9M +22.3% | $129.9M |
| Net Income | $45.5M -13.8% | $52.8M +27.6% | $41.4M +31.1% | $31.6M +72.7% | $18.3M +30.8% | $14.0M |
| Operating Income | $59.1M -11.7% | $67.0M +24.2% | $53.9M +34.5% | $40.1M +71.7% | $23.4M +36.8% | $17.1M |
| EPS (Diluted) | $1.65 -13.6% | $1.91 +27.3% | $1.50 +31.6% | $1.14 +72.7% | $0.66 +29.4% | $0.51 |
| Total Assets | $285.6M +13.3% | $252.0M +30.3% | $193.4M +20.1% | $161.0M +92.1% | $83.8M +62.5% | $51.6M |
| Total Debt | — | — | — | $458.2K -92.9% | $6.5M +703.7% | $806.9K |
| Operating Cash Flow | $47.8M +27.9% | $37.4M +210.1% | $12.1M -34.0% | $18.3M -1.1% | $18.5M +68.4% | $11.0M |
AI Insight: XPEL Financial Trends
XPEL's revenue grew 13% year-over-year to $117M in Q1 2026, but operating income of $13M barely exceeds the year-ago $11M, signaling margin pressure persists.
• Revenue expanded from $104M in Q1 2025 to $117M in Q1 2026, a 13% year-over-year gain.
• Operating margin compressed from 10.6% in Q1 2025 to 11.1% in Q1 2026 — only marginal recovery despite higher revenue.
• Equity grew steadily from $202M in Q2 2024 to $288M in Q1 2026, reflecting consistent retained earnings accumulation.
• Operating cash flow has been persistently weak in Q4 and Q1 quarters: $6M, $3M, $3M, $7M across Q4 2024 through Q1 2026.
⚠ Q1 and Q4 operating cash flow consistently collapses — Q1 2026 Op CF of $7M vs. $28M–$33M in Q2–Q3 quarters.
⚠ Net income declined from $16M in Q2 2025 to $10M in Q1 2026, continuing a sequential deterioration worth monitoring.
⚠ Total debt data is absent across all periods; leverage picture remains opaque for balance-sheet risk assessment.
AI Insight: XPEL Ratio Trends
XPEL's profitability has deteriorated markedly over five quarters, with ROIC contracting from 38.0% in Q2 2024 to 18.1% in Q1 2026.
• Operating margin fell from 17.4% in Q2 2024 to 11.1% in Q1 2026, a contraction of 630 basis points over five quarters.
• ROIC dropped from 38.0% in Q2 2024 to 18.1% in Q1 2026, nearly halving over the observed period.
• ROA declined from 23.0% in Q2 2024 to 10.5% in Q1 2026, signaling deteriorating asset efficiency.
• Q2 2025 showed a seasonal uptick — OpMargin 15.5%, ROIC 30.2% — but Q3 and Q4 2025 resumed the downtrend.
⚠ Q1 2026 OpMargin of 11.1% matches the weakest reading since Q1 2025 — watch whether seasonal recovery in Q2 2026 materializes.
⚠ NPM compressed to 8.8% in Q1 2026 vs. 13.7% in Q2 2024; sustained pressure here would threaten FCF generation.
⚠ D/E data is absent across all periods — leverage visibility is zero, a key gap for assessing balance-sheet risk.
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Top Institutional Holders of XPEL
WASATCH ADVISORS LP
$170.2M3,844,574 shBlackRock, Inc.
$163.7M3,699,253 shALTA FOX CAPITAL MANAGEMENT, LLC
$85.2M1,924,258 shSCS Capital Management LLC
$55.0M1,241,540 shVANGUARD CAPITAL MANAGEMENT LLC
$46.2M1,044,813 shSTATE STREET CORP
$41.0M926,725 shSCHWARTZ INVESTMENT COUNSEL INC
$36.5M824,839 shWESTWOOD HOLDINGS GROUP INC
$35.7M805,546 shDivisadero Street Capital Management, LP
$31.9M720,425 shGEODE CAPITAL MANAGEMENT, LLC
$27.4M619,303 sh
| Fund | Value | Shares |
|---|---|---|
| WASATCH ADVISORS LP | $170.2M | 3,844,574 |
| BlackRock, Inc. | $163.7M | 3,699,253 |
| ALTA FOX CAPITAL MANAGEMENT, LLC | $85.2M | 1,924,258 |
| SCS Capital Management LLC | $55.0M | 1,241,540 |
| VANGUARD CAPITAL MANAGEMENT LLC | $46.2M | 1,044,813 |
| STATE STREET CORP | $41.0M | 926,725 |
| SCHWARTZ INVESTMENT COUNSEL INC | $36.5M | 824,839 |
| WESTWOOD HOLDINGS GROUP INC | $35.7M | 805,546 |
| Divisadero Street Capital Management, LP | $31.9M | 720,425 |
| GEODE CAPITAL MANAGEMENT, LLC | $27.4M | 619,303 |
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Is XPEL a good stock to buy?
13F Pro's AI-powered analysis of XPEL, Inc. (XPEL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for XPEL are available on the XPEL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own XPEL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling XPEL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of XPEL, Inc.'s investment landscape.