XPEL Inc. Common Stock (XPEL)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

XPEL is a small but profitable niche operator in protective films and coatings, and I see a real business here: revenue rose from $420.4M in fiscal year 2024 to $476.2M in fiscal year 2025, and net income improved from $45.5M to $51.2M. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported revenue of $143.1M, net income of $18.0M, and diluted EPS of $0.65, up from $124.7M, $16.3M, and $0.59 in fiscal Q2 2025. That is respectable growth, and the balance sheet is conservative with D/E of 0.20 and an Altman Z-Score of 6.57. ROE is 19.37%, though ROCE of 10.82% tells me capital intensity and working capital matter. The FairStock Lynch category is CYCLICAL — Auto Parts, because earnings follow the economic cycle; I would not mistake this for a non-cyclical compounder. The biggest blemish is cash generation: trailing free cash flow is -$4.5M, a -0.4% FCF yield. Valuation is full. At the 2026-10-13 close of $45.44, FairStock shows P/E 22.95, P/B 4.36, EV/EBITDA 15.17, PEG 1.12, and a Graham Number of $22.24, leaving a -104.32% margin of safety. Piotroski is 6/9, decent but not outstanding. There is a software and installer-network angle, but I need proof it protects pricing and turns into cash. I would call this a good business at a demanding price, not a Graham bargain.

In plain English: XPEL sells protective films and coatings for cars and buildings, along with installation software and services. The business has been growing sales and profits, carries little debt, and earns good returns, but it also uses more cash than it generates after investments, and the shares look expensive compared with its profits and accounting value. The price on 2026-10-13 looks full rather than bargain-like, even though the company itself appears financially healthy.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer