XPEL
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. XPEL's past years’ income statements indicate that its last revenue has increased compared to the previous period by 22% to $396,293,000. The net income raised on $52,800,000 and profit margin reached 13%. Total operating expenses were $95,442,000.
Profit Margin
| 2014 | 29.63M | 3.09M | 10.45% |
|---|---|---|---|
| 2015 | 41.47M | 1.55M | 3.75% |
| 2016 | 51.75M | 2.21M | 4.28% |
| 2017 | 67.74M | 1.18M | 1.75% |
| 2018 | 109.92M | 8.71M | 7.93% |
| 2019 | 129.93M | 13.97M | 10.76% |
| 2020 | 158.92M | 18.28M | 11.5% |
| 2021 | 259.26M | 31.56M | 12.18% |
| 2022 | 323.99M | 41.38M | 12.77% |
| 2023 | 396.29M | 52.8M | 13.32% |
XPEL Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 396.29M | 323.99M | 259.26M | 158.92M | 129.93M | 109.92M | 67.74M | 51.75M | 41.47M | 29.63M |
Cost of revenue | 233.87M | 196.48M | 166.58M | 104.89M | 86.42M | 76.48M | 50.97M | 37.74M | 29.15M | 20.37M |
Gross profit | 162.41M | 127.51M | 92.67M | 54.02M | 43.50M | 33.43M | 16.77M | 14.01M | 12.31M | 9.25M |
Operating exp. | ||||||||||
Research and development | 2.9M | 400K | 370.01K | 143.56K | 602.44K | 223.88K | 0 | 460.14K | 360.39K | 280.93K |
Selling and marketing | 31.78M | 25.36M | 18.27M | 9.74M | 7.58M | 6.80M | 1.18M | 788.13K | 1.04M | 603.24K |
Total operating expenses | 95.44M | 73.57M | 52.56M | 30.65M | 26.41M | 21.60M | 14.53M | 10.76M | 9.70M | 6.46M |
Operating income | 66.97M | 53.93M | 40.11M | 23.36M | 17.08M | 11.83M | 2.23M | 3.25M | 2.60M | 2.79M |
Other income (expenses), net | -940.99K | -1.97M | -675.64K | -565K | -136.91K | -182.04K | -62.95K | 69 | -174.22K | -39.63K |
Income before tax | 66.03M | 51.96M | 39.43M | 22.80M | 16.95M | 11.48M | 2.16M | 3.02M | 2.43M | 2.75M |
Income tax expense | 13.23M | 10.58M | 7.87M | 4.52M | 2.95M | 2.76M | 1.02M | 866.07K | 963.38K | -317.47K |
Net income | 52.8M | 41.38M | 31.56M | 18.28M | 13.97M | 8.71M | 1.18M | 2.21M | 1.55M | 3.09M |
Earnings per share | ||||||||||
Basic EPS | 1.91 | 1.5 | 1.14 | 0.66 | 0.51 | 0.32 | 0.04 | 0.08 | 0.05 | 0.12 |
Diluted EPS | 1.91 | 1.5 | 1.14 | 0.66 | 0.51 | 0.32 | 0.04 | 0.08 | 0.05 | 0.12 |
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