XPEL, INC.

XPEL · Industrials · $1.2B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power55

Median gross margin 37.6% over 8y, stable.

Returns on capital100

Median ROIC 39.7%, above the 9% hurdle in 100% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 755x.

Capital discipline80

Owner earnings +32.2%/yr, share count flat.

Margin of safety

Above valueOn sale

72% above value

Owner earnings (normalized): $38.8M
Est. intrinsic value / share: $25.28
Recent price: $43.48
Discount to value: 72% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell XPEL. See the disclaimer.