XPEL (XPEL) Revenue & Revenue Breakdown

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XPEL Revenue Highlights

Latest Revenue (Y)

$420.40M

Latest Revenue (Q)

$112.85M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

XPEL Revenue by Period

XPEL Revenue by Year

Date	Revenue	Change
2024-12-31	$420.40M	6.08%
2023-12-31	$396.29M	22.32%
2022-12-31	$323.99M	24.97%
2021-12-31	$259.26M	63.14%
2020-12-31	$158.92M	22.31%
2019-12-31	$129.93M	18.21%
2018-12-31	$109.92M	62.25%
2017-12-31	$67.75M	30.89%
2016-12-31	$51.76M	24.81%
2015-12-31	$41.47M	39.96%
2014-12-31	$29.63M	65.54%
2013-12-31	$17.90M	67.74%
2012-12-31	$10.67M	76.62%
2011-12-31	$6.04M	46.29%
2010-12-31	$4.13M	7.70%
2009-12-31	$3.83M	-50.69%
2008-12-31	$7.78M	32.77%
2007-12-31	$5.86M	72.63%
2006-12-31	$3.39M	11.46%
2005-12-31	$3.04M	17.30%
2004-12-31	$2.59M	28.62%
2003-12-31	$2.02M	-

XPEL generated $420.40M in revenue during NA 2024, up 6.08% compared to the previous quarter, and up 323.55% compared to the same period a year ago.

XPEL Revenue by Quarter

Date	Revenue	Change
2024-09-30	$112.85M	2.67%
2024-06-30	$109.92M	21.99%
2024-03-31	$90.10M	-14.62%
2023-12-31	$105.54M	2.79%
2023-09-30	$102.68M	0.43%
2023-06-30	$102.24M	19.10%
2023-03-31	$85.84M	9.38%
2022-12-31	$78.48M	-12.56%
2022-09-30	$89.76M	6.99%
2022-06-30	$83.89M	16.73%
2022-03-31	$71.86M	2.47%
2021-12-31	$70.13M	2.34%
2021-09-30	$68.53M	-0.30%
2021-06-30	$68.74M	32.53%
2021-03-31	$51.87M	6.70%
2020-12-31	$48.61M	5.39%
2020-09-30	$46.12M	28.81%
2020-06-30	$35.81M	26.13%
2020-03-31	$28.39M	-28.12%
2019-12-31	$39.50M	10.89%
2019-09-30	$35.62M	18.36%
2019-06-30	$30.09M	21.71%
2019-03-31	$24.73M	-6.92%
2018-12-31	$26.56M	-9.32%
2018-09-30	$29.29M	1.49%
2018-06-30	$28.86M	14.55%
2018-03-31	$25.20M	24.52%
2017-12-31	$20.24M	13.48%
2017-09-30	$17.83M	4.60%
2017-06-30	$17.05M	34.98%
2017-03-31	$12.63M	-4.67%
2016-12-31	$13.25M	-2.22%
2016-09-30	$13.55M	-0.82%
2016-06-30	$13.66M	20.91%
2016-03-31	$11.30M	1.14%
2015-12-31	$11.17M	2.74%
2015-09-30	$10.87M	-3.68%
2015-06-30	$11.29M	38.80%
2015-03-31	$8.13M	7.03%
2014-12-31	$7.60M	-9.63%
2014-09-30	$8.41M	0.74%
2014-06-30	$8.35M	58.36%
2014-03-31	$5.27M	6.16%
2013-12-31	$4.97M	1.81%
2013-09-30	$4.88M	-0.43%
2013-06-30	$4.90M	55.19%
2013-03-31	$3.16M	4.71%
2012-12-31	$3.01M	-6.03%
2012-09-30	$3.21M	30.68%
2012-06-30	$2.45M	23.13%
2012-03-31	$1.99M	10.25%
2011-12-31	$1.81M	6.80%
2011-09-30	$1.69M	14.60%
2011-06-30	$1.48M	38.97%
2011-03-31	$1.06M	11.72%
2010-12-31	$951.58K	-18.02%
2010-09-30	$1.16M	14.31%
2010-06-30	$1.02M	1.33%
2010-03-31	$1.00M	9.82%
2009-12-31	$912.54K	-8.22%
2009-09-30	$994.25K	-46.24%
2009-06-30	$1.85M	45.39%
2009-03-31	$1.27M	63.11%
2008-12-31	$779.84K	-67.20%
2008-09-30	$2.38M	-13.18%
2008-06-30	$2.74M	37.92%
2008-03-31	$1.99M	0.86%
2007-12-31	$1.97M	-

XPEL generated $112.85M in revenue during Q3 2024, up 2.67% compared to the previous quarter, and up 110.38% compared to the same period a year ago.

XPEL Revenue Breakdown

XPEL Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Service Revenue, Cutbank Credits	$17.02M	$17.63M	$16.32M	$12.37M	$7.78M
Service Revenue, Installation Labor	$74.48M	$58.48M	$42.83M	$24.25M	$10.93M
Service	$101.55M	$84.89M	$65.82M	$41.98M	$22.66M
Service Revenue, Training	$2.00M	$2.27M	$1.46M	$982.70K	$462.95K
Service Revenue, Software	$8.06M	$6.52M	$5.21M	$4.37M	$3.49M
Product	$318.85M	$311.41M	$258.17M	$217.28M	$136.26M
Product Revenue, Other	$14.47M	$13.57M	$11.43M	$9.04M	$4.53M
Product Revenue, Paint Protection Film	$226.71M	$229.88M	$192.37M	$169.88M	$110.79M
Product Revenue, Window Film	$77.67M	$67.95M	$54.37M	$38.36M	$20.95M

XPEL's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (37.92%), Product Revenue, Paint Protection Film (26.96%), Service (12.08%), Product Revenue, Window Film (9.24%), Service Revenue, Installation Labor (8.86%), Service Revenue, Cutbank Credits (2.02%), Product Revenue, Other (1.72%), Service Revenue, Software (0.96%), and Service Revenue, Training (0.24%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Service Revenue, Training	$961.00K	$436.00K	$600.00K	$1.62M	$647.00K	$306.00K	$349.78K	$246.00K	$261.21K	$206.41K	$148.50K	$131.65K	$30.54K	$152.26K	$105.02K	-	-	-	-	-
Product Revenue, Other	$7.40M	$3.78M	$3.29M	$3.31M	$3.39M	$4.10M	$2.78M	$2.85M	$3.00M	$2.98M	$2.60M	$2.34M	$2.37M	$1.99M	$1.63M	$1.25M	$759.08K	$888.69K	$860.22K	-
Product Revenue, Paint Protection Film	$117.15M	$60.55M	$49.01M	$64.86M	$58.98M	$56.49M	$49.55M	$45.91M	$54.23M	$48.27M	$43.96M	$45.63M	$43.22M	$35.78M	$34.79M	$31.98M	$24.25M	$19.77M	$31.19M	-
Product Revenue, Window Film	$40.49M	$22.63M	$14.55M	$13.89M	$18.76M	$20.31M	$14.98M	$11.66M	$15.39M	$15.79M	$11.53M	$8.72M	$11.40M	$7.16M	$5.60M	$6.30M	$5.95M	$3.09M	$2.86M	-
Product	$165.05M	$86.95M	$66.85M	$82.07M	$81.13M	$80.91M	$67.31M	$60.42M	$72.62M	$67.04M	$58.10M	$56.69M	$57.00M	$58.67M	$44.93M	$42.02M	$39.53M	$30.96M	$23.75M	$34.91M
Service Revenue, Cutbank Credits	$8.50M	$4.50M	$4.02M	$4.37M	$4.52M	$4.70M	$4.03M	$4.86M	$4.35M	$4.18M	$2.93M	$2.99M	$3.36M	$2.64M	$2.25M	$2.30M	$1.61M	$1.61M	$1.77M	-
Service Revenue, Installation Labor	$38.85M	$18.93M	$16.71M	$16.70M	$14.85M	$14.53M	$12.40M	$11.46M	$11.07M	$11.05M	$9.26M	$9.00M	$6.78M	$3.11M	$3.24M	$3.27M	$2.39M	$2.02M	$1.83M	-
Service Revenue, Software	$4.09M	$2.04M	$1.93M	$1.86M	$1.65M	$1.55M	$1.46M	$1.41M	$1.35M	$1.25M	$1.21M	$1.21M	$1.13M	$978.02K	$938.17K	$889.71K	$809.90K	$851.57K	$884.45K	-
Service	$52.40M	$25.90M	$23.25M	$23.47M	$21.55M	$21.33M	$18.53M	$18.06M	$17.14M	$16.85M	$13.77M	$13.44M	$11.53M	$10.07M	$6.93M	$6.59M	$6.59M	$4.84M	$4.64M	$4.59M
Service Revenue, Other	-	-	-	-	$524.00K	$556.00K	$71.00K	$24.28K	-	-	-	-	-	-	-	-	-	-	-	-
Service, Software	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.05M	-	-	-	-	-	-
Product, Other	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.34M	-	-	-	-	-	-
Service, Installation Labor	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.36M	-	-	-	-	-	-
Product, Paint Protection Film	-	-	-	-	-	-	-	-	-	-	-	-	-	$45.25M	-	-	-	-	-	-
Product, Window Film	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.08M	-	-	-	-	-	-
Service, Cutbank Credits	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.39M	-	-	-	-	-	-
Service, Training	-	-	-	-	-	-	-	-	-	-	-	-	-	$269.09K	-	-	-	-	-	-

XPEL's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Product (37.95%), Product Revenue, Paint Protection Film (26.94%), Service (12.05%), Product Revenue, Window Film (9.31%), Service Revenue, Installation Labor (8.93%), Service Revenue, Cutbank Credits (1.95%), Product Revenue, Other (1.70%), Service Revenue, Software (0.94%), and Service Revenue, Training (0.22%).

XPEL Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 20	Dec 19
CHINA	$32.81M	$30.49M
Latin America	$2.27M	$2.10M
Other Geographic Region	$319.90K	$254.91K
UNITED STATES	$75.08M	$60.45M
Middle East, Africa	$5.17M	$3.15M
Asia Pacific	$5.26M	$4.37M
CANADA	$20.52M	$17.91M
Europe	$12.77M	$7.42M

XPEL's latest annual revenue breakdown by geography, as of Dec 20: UNITED STATES (48.69%), CHINA (21.28%), CANADA (13.31%), Europe (8.28%), Asia Pacific (3.41%), Middle East, Africa (3.35%), Latin America (1.47%), and Other Geographic Region (0.21%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Middle East, Africa	$5.29M	$5.14M	$3.91M	$4.11M	$3.50M	$3.32M	$2.65M	$2.05M	$2.09M	$2.41M	$1.96M	$1.99M	$1.33M	$561.51K	$1.29M	$774.91K	$770.84K	$720.35K
UNITED STATES	$64.56M	$52.05M	$59.00M	$59.15M	$51.08M	$51.52M	$49.17M	$41.59M	$37.36M	$34.30M	$25.60M	$21.36M	$22.04M	$16.12M	$15.55M	$15.71M	$15.74M	$16.50M
Latin America	$2.83M	$2.93M	$2.33M	$2.12M	$2.17M	$1.47M	$1.36M	$1.21M	$944.67K	$1.03M	$916.58K	$774.40K	$537.89K	$484.36K	$477.69K	$522.01K	$578.05K	$512.68K
Europe	$9.06M	$10.22M	$8.71M	$9.69M	$7.96M	$6.07M	$6.94M	$5.66M	$4.75M	$5.21M	$4.32M	$3.42M	$3.66M	$2.90M	$2.79M	$2.08M	$1.95M	$1.97M
CHINA	$9.06M	$1.45M	$10.24M	$8.10M	$6.65M	$11.01M	$7.90M	$8.86M	$10.57M	$12.63M	$10.71M	$11.40M	$9.40M	$9.99M	$2.02M	$13.48M	$9.36M	$3.13M
CANADA	$14.41M	$11.08M	$11.47M	$11.85M	$8.59M	$11.05M	$10.88M	$7.85M	$8.72M	$8.88M	$4.95M	$6.18M	$6.21M	$3.96M	$4.18M	$4.66M	$4.94M	$5.22M
Asia Pacific	$4.09M	$3.75M	$3.23M	$3.31M	$2.65M	$2.54M	$1.98M	$2.03M	$1.97M	$2.06M	$1.59M	$1.90M	$1.45M	$1.14M	$770.04K	$1.27M	$1.17M	$1.06M
Other Geographic Region	-	-	$291.00K	$273.00K	$161.00K	$304.00K	$414.00K	$189.33K	$137.58K	$90.72K	$28.74K	$91.72K	$13.17K	$26.25K	$188.76K	$58.16K	$87.22K	$57.71K

XPEL's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (59.07%), CANADA (13.19%), Europe (8.29%), CHINA (8.29%), Middle East, Africa (4.84%), Asia Pacific (3.75%), and Latin America (2.59%).

XPEL Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
LEA	Lear	$23.31B	$5.59B
DORM	Dorman Products	$2.01B	$503.77M
SMP	Standard Motor Products	$1.46B	$399.26M
FOXF	Fox Factory	$1.39B	$359.12M
MNRO	Monro	$1.28B	$305.77M
SRI	Stoneridge	$908.29M	$213.83M
MPAA	Motorcar Parts of America	$717.68M	$186.18M
PLOW	Douglas Dynamics	$568.50M	$129.40M
XPEL	XPEL	$420.40M	$112.85M
GNTX	Gentex	$100.00K	$608.53M

XPEL Revenue FAQ

What is XPEL’s yearly revenue?

XPEL's yearly revenue for 2024 was $420.4M, representing an increase of 6.08% compared to 2023. The company's yearly revenue for 2023 was $396.29M, representing an increase of 22.32% compared to 2022. XPEL's yearly revenue for 2022 was $323.99M, representing an increase of 24.97% compared to 2021.

What is XPEL’s quarterly revenue?

XPEL's quarterly revenue for Q3 2024 was $112.85M, a 2.67% increase from the previous quarter (Q2 2024), and a 9.91% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $109.92M, a 21.99% increase from the previous quarter (Q1 2024), and a 7.51% increase year-over-year (Q2 2023). XPEL's quarterly revenue for Q1 2024 was $90.1M, a -14.62% decrease from the previous quarter (Q4 2023), and a 4.96% increase year-over-year (Q1 2023).

What is XPEL’s revenue growth rate?

XPEL's revenue growth rate for the last 3 years (2022-2024) was 29.76%, and for the last 5 years (2020-2024) was 164.53%.

What are XPEL’s revenue streams?

XPEL's revenue streams in c 24 are Service Revenue, Cutbank Credits, Service Revenue, Installation Labor, Service, Service Revenue, Training, Service Revenue, Software, Product, Product Revenue, Other, Product Revenue, Paint Protection Film, and Product Revenue, Window Film. Service Revenue, Cutbank Credits generated $17.02M in revenue, accounting 2.02% of the company's total revenue, down -3.47% year-over-year. Service Revenue, Installation Labor generated $74.48M in revenue, accounting 8.86% of the company's total revenue, up 27.36% year-over-year. Service generated $101.55M in revenue, accounting 12.08% of the company's total revenue, up 19.63% year-over-year. Service Revenue, Training generated $2M in revenue, accounting 0.24% of the company's total revenue, down -11.87% year-over-year. Service Revenue, Software generated $8.06M in revenue, accounting 0.96% of the company's total revenue, up 23.67% year-over-year. Product generated $318.85M in revenue, accounting 37.92% of the company's total revenue, up 2.39% year-over-year. Product Revenue, Other generated $14.47M in revenue, accounting 1.72% of the company's total revenue, up 6.62% year-over-year. Product Revenue, Paint Protection Film generated $226.71M in revenue, accounting 26.96% of the company's total revenue, down -1.38% year-over-year. Product Revenue, Window Film generated $77.67M in revenue, accounting 9.24% of the company's total revenue, up 14.30% year-over-year.

What is XPEL’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of XPEL was Product. This segment made a revenue of $318.85M, representing 37.92% of the company's total revenue.