| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 42 | 21.5x | 17.3x | Around median | |
Growth | 69 | 13.2% | 7.1% | Top tier | |
Quality | 66 | 17.0% | 4.5% | Around median | |
Safety | 82 | 0.3x | 2.6x | Top tier | |
Capital Return | 31 | 0.00% | 0.06% | Bottom tier | |
Momentum | 57 | 28.2% | -1.6% | Around median | |
Sentiment | 64 | 3 | 3 | Around median |
The floor: what the company is worth if growth stopped today
54% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
XPEL operates in vehicle protection film products and installation services, with a portfolio that includes paint protection films and window films in multiple sizes, thicknesses, and light-transmission levels. The company generates revenue from selling these products through channels that include independent installers, automotive dealers, and customers affiliated with vehicle manufacturers, in addition to installation revenue from company-owned stores; in Q2 fiscal 2026, window films represented 22.7% of revenue, while installation services represented slightly more than 21%.
XPEL recorded record revenue of $143.1 million in Q2 fiscal 2026, up 14.7%, with management estimating that approximately $2 million of sales were pulled forward ahead of actual or anticipated price increases in Q3 fiscal 2026. Gross margin was 44.1% versus 43.7% in Q1 fiscal 2026, and operating income rose 20.3%, reaching a margin of 16.2%, while net income attributable to shareholders grew 10.7% and reached a margin of 12.6%. Earnings per share were $0.65, and adjusted earnings per share were $0.68.
Growth came from a diverse geographic and product mix: the United States generated record revenue of $78.6 million, up 11.7%, China recorded $15.9 million, and window film revenue rose 16.1% to a record $32.5 million. In contrast, India and the Middle East declined 5% and Europe declined 2.3%, demonstrating that strength in the United States, China, and window films offset weakness in some markets during the quarter.
The analyst consensus is “Buy,” with an average price target of $65 and identical high and low targets of $65; this target is approximately 16.3% above the 52-week range high of $55.91, while the range low is $31.50. The data do not include a valid earnings multiple, so the stock's valuation in these data depends substantially on achieving revenue growth, executing the manufacturing investments, and reaching a mid-twenties operating margin by the end of 2028.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Revenue rose 14.7% to a record $143.1 million, with strong contributions from the United States, window films, and installation services. The United States recorded $78.6 million, up 11.7%, while window films rose 16.1% to $32.5 million. Gross margin was 44.1%, and operating income increased 20.3%, reaching a margin of 16.2%. Management estimated that approximately $2 million in sales were pulled forward ahead of actual or anticipated price increases in Q3.
XPEL is investing approximately $110 million in the San Antonio site and a 75% stake in an existing manufacturing facility in China. The company will make greater use of its own assets in coating, laminating, and finished-film production rather than relying entirely on the assets of external contractors. Management expects incremental margin benefits to begin in mid-2027, with some improvement appearing in stages rather than as a single step change. The target is to reach a mid-twenties operating margin on an exit run-rate basis by the end of 2028, provided the projects remain on schedule and business fundamentals remain stable.
Automated analysis for informational purposes only — not investment advice.
Management expects revenue between $137 million and $139 million in Q3 fiscal 2026. The estimate assumes continued trends in the United States and Asia-Pacific, modest improvement in the Middle East, and seasonality associated with August holidays in Europe. It also reflects the shift of $1 million to $2 million in sales into Q2 ahead of actual or anticipated price increases. Management did not include in the outlook any potential recovery of sales deferred because of vehicle shortages in the Middle East and regarded such a recovery as an additional opportunity.
Window films generated record revenue of $32.5 million in Q2 fiscal 2026, up 16.1%. This line represented approximately 22.7% of total revenue, with the United States and China leading its regional growth. Installation revenue rose approximately 11% and represented slightly more than 21% of revenue. Installation performance was driven by the strength of company-owned stores, making it an important source alongside film sales through distribution channels.
The largest execution risk is the approximately $110 million manufacturing project, the company's largest project in terms of invested funds, whose expected margin benefit will not begin before mid-2027. The United States dealer channel also faces continued pressure because of concerns about compliance with FTC requirements. In Q2 fiscal 2026, revenue in India and the Middle East declined 5% and Europe declined 2.3%, while domestic vehicle sales in China fell approximately 20% year over year. The factory ramp-up phase added a cost of approximately $0.03 per share in Q2, and management expects an impact of between $0.03 and $0.04 in Q3.
XPEL recorded cash flow from operations of $30.8 million in Q2 fiscal 2026, a company record. In contrast, capital expenditures reached $65.1 million and included the property purchase, with part of the transaction financed through a $44.8 million ten-year term loan. The company expects additional capital expenditures during the second half of fiscal 2026 and Q1 of the following fiscal year, concentrated on equipment for the San Antonio facility. After funding the manufacturing initiative, management intends to evaluate small bolt-on acquisitions in services and activities adjacent to vehicle manufacturers, while continuing to focus on share repurchases.