XPEL, Inc. (XPEL) intrinsic value & 10-year financials
XPEL, Inc. (XPEL) has a Graham intrinsic value of $61.45 per share. At $43.81 on Oct 17, 2026, the stock trades 29% below that value. Over the last 9 fiscal years revenue grew 23.3% a year to $476.2M, with an average return on invested capital of 42.0%.
- Graham intrinsic value
- $61.45
- Share price (Oct 17, 2026)
- $43.81
- Price vs Graham value
- 29% below
- Market cap
- $1.2B
- Revenue (FY2025)
- $476.2M
- Revenue growth (9-yr CAGR)
- 23.3%
- ROIC (10-yr avg)
- 42.0%
- Free cash flow (FY2025)
- $62.9M
XPEL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $476.2M | $51.2M | $1.85 | $62.9M | 13.2% | 21.6% |
| FY2024 | $420.4M | $45.5M | $1.65 | $41.1M | 14.1% | 23.7% |
| FY2023 | $396.3M | $52.8M | $1.91 | $31.0M | 16.9% | 34.6% |
| FY2022 | $324.0M | $41.4M | $1.50 | $4.1M | 16.6% | 40.2% |
| FY2021 | $259.3M | $31.6M | $1.14 | $11.5M | 15.5% | 53.4% |
| FY2020 | $158.9M | $18.3M | $0.66 | $16.7M | 14.7% | 59.0% |
| FY2019 | $129.9M | $14.0M | $0.51 | $9.4M | 13.2% | 49.7% |
| FY2018 | $109.9M | $8.7M | — | $4.8M | 10.7% | 53.9% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
XPEL, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
XPEL, Inc. has earned high returns on invested capital, averaging 42.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
XPEL, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, XPEL, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $61.45 per share.