XPEL (XPEL) Revenue & Revenue Breakdown

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XPEL Revenue Highlights

Latest Revenue (Y)

$396.29M

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
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 $396.29M in revenue during NA 2023, up 22.32% compared to the previous quarter, and up 360.53% 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 23	Dec 22	Dec 21	Dec 20	Dec 19
Service Revenue, Installation Labor	$58.48M	$42.83M	$24.25M	$10.93M	$6.62M
Product Revenue, Window Film	$67.95M	$54.37M	$38.36M	$20.95M	$11.38M
Service Revenue, Cutbank Credits	$17.63M	$16.32M	$12.37M	$7.78M	$7.25M
Service	$84.89M	$65.82M	$41.98M	$22.66M	$17.73M
Service Revenue, Training	$2.27M	$1.46M	$982.70K	$462.95K	$590.61K
Product Revenue, Other	$13.57M	$11.43M	$9.04M	$4.53M	$3.48M
Product Revenue, Paint Protection Film	$229.88M	$192.37M	$169.88M	$110.79M	$97.34M
Service Revenue, Software	$6.52M	$5.21M	$4.37M	$3.49M	$3.26M
Product	$311.41M	$258.17M	$217.28M	$136.26M	$112.20M

XPEL's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (39.29%), Product Revenue, Paint Protection Film (29.00%), Service (10.71%), Product Revenue, Window Film (8.57%), Service Revenue, Installation Labor (7.38%), Service Revenue, Cutbank Credits (2.22%), Product Revenue, Other (1.71%), Service Revenue, Software (0.82%), and Service Revenue, Training (0.29%).

Quarterly Revenue by Product

Product/Service	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	Sep 19
Service Revenue, Installation Labor	$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	$1.84M	-
Service Revenue, Cutbank Credits	$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	$1.96M	-
Product	$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	$30.82M
Product Revenue, Window Film	$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	$3.52M	-
Product Revenue, Paint Protection Film	$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	$26.53M	-
Product Revenue, Other	$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	$764.85K	-
Service Revenue, Software	$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	$859.43K	-
Service Revenue, Training	$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	$142.16K	-	-	-	-	-
Service	$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	$4.80M
Service Revenue, Other	-	-	-	$524.00K	$556.00K	$71.00K	$24.28K	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, Software	-	-	-	-	-	-	-	-	-	-	-	-	$1.05M	-	-	-	-	-	-	-
Product, Other	-	-	-	-	-	-	-	-	-	-	-	-	$2.34M	-	-	-	-	-	-	-
Product, Paint Protection Film	-	-	-	-	-	-	-	-	-	-	-	-	$45.25M	-	-	-	-	-	-	-
Product, Window Film	-	-	-	-	-	-	-	-	-	-	-	-	$11.08M	-	-	-	-	-	-	-
Service, Cutbank Credits	-	-	-	-	-	-	-	-	-	-	-	-	$3.39M	-	-	-	-	-	-	-
Service, Installation Labor	-	-	-	-	-	-	-	-	-	-	-	-	$5.36M	-	-	-	-	-	-	-
Service, Training	-	-	-	-	-	-	-	-	-	-	-	-	$269.09K	-	-	-	-	-	-	-

XPEL's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (38.52%), Product Revenue, Paint Protection Film (26.82%), Service (11.48%), Product Revenue, Window Film (10.03%), Service Revenue, Installation Labor (8.38%), Service Revenue, Cutbank Credits (1.99%), Product Revenue, Other (1.67%), Service Revenue, Software (0.90%), and Service Revenue, Training (0.19%).

XPEL Revenue Breakdown by Country

Annual Revenue by Country

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

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	$23.47B	$5.59B
GNTX	Gentex	$2.30B	$608.53M
DORM	Dorman Products	$1.93B	$503.77M
FOXF	Fox Factory	$1.46B	$359.12M
SMP	Standard Motor Products	$1.36B	$399.26M
MNRO	Monro	$1.28B	$496.40M
SRI	Stoneridge	$975.82M	$213.83M
MPAA	Motorcar Parts of America	$717.68M	$169.89M
PLOW	Douglas Dynamics	$568.00M	$129.40M
XPEL	XPEL	$396.29M	$112.85M

XPEL Revenue FAQ

What is XPEL’s yearly revenue?

XPEL's yearly revenue for 2023 was $396.29M, representing an increase of 22.32% compared to 2022. The company's yearly revenue for 2022 was $323.99M, representing an increase of 24.97% compared to 2021. XPEL's yearly revenue for 2021 was $259.26M, representing an increase of 63.14% compared to 2020.

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 (2021-2023) was 52.85%, and for the last 5 years (2019-2023) was 205.00%.

What are XPEL’s revenue streams?

XPEL's revenue streams in c 23 are Service Revenue, Installation Labor, Product Revenue, Window Film, Service Revenue, Cutbank Credits, Service, Service Revenue, Training, Product Revenue, Other, Product Revenue, Paint Protection Film, Service Revenue, Software, and Product. Service Revenue, Installation Labor generated $58.48M in revenue, accounting 7.38% of the company's total revenue, up 36.54% year-over-year. Product Revenue, Window Film generated $67.95M in revenue, accounting 8.57% of the company's total revenue, up 24.98% year-over-year. Service Revenue, Cutbank Credits generated $17.63M in revenue, accounting 2.22% of the company's total revenue, up 8.02% year-over-year. Service generated $84.89M in revenue, accounting 10.71% of the company's total revenue, up 28.97% year-over-year. Service Revenue, Training generated $2.27M in revenue, accounting 0.29% of the company's total revenue, up 55.10% year-over-year. Product Revenue, Other generated $13.58M in revenue, accounting 1.71% of the company's total revenue, up 18.77% year-over-year. Product Revenue, Paint Protection Film generated $229.88M in revenue, accounting 29.00% of the company's total revenue, up 19.50% year-over-year. Service Revenue, Software generated $6.52M in revenue, accounting 0.82% of the company's total revenue, up 25.03% year-over-year. Product generated $311.41M in revenue, accounting 39.29% of the company's total revenue, up 20.62% year-over-year.

What is XPEL’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of XPEL was Product. This segment made a revenue of $311.41M, representing 39.29% of the company's total revenue.