Xpel (XPEL) FY2022 results: revenue $324 million, up 25.0% on the year
Xpel, Inc. (XPEL) reported revenue of $324 million for fiscal 2022, the year ended 31 December 2022, up 25.0% on the year before. Net income was $41 million, up 31.1%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$324 million
+25.0% on the year
FY2018FY2022
Operating margin
16.6%
15.5% a year earlier
FY2018FY2022
Net income
$41 million
+31.1% on the year
FY2018FY2022
Diluted EPS
$1.50
+31.6% on the year
FY2018FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
12.1
18.3
18.5
-34.0%
Capital expenditure
7.9
6.7
1.8
+18.0%
Free cash flow
4.1
11.5
16.7
-64.3%
Free cash flow margin
1.3%
4.5%
10.5%
Cash from investing
-14.2
-56.8
-4.7
Cash from financing
0.6
19.2
3.5
-96.9%
Depreciation and amortisation
7.8
4.4
2.2
+78.5%
Share-based compensation
0.5
0.2
0.0
+208.9%
Diluted shares, weighted
28m
28m
28m
+0.0%
Shares outstanding at period end
28m
28m
28m
+0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
125
84.5
53.4
+47.7%
Non-controlling interest
n/a
n/a
0.0
Debt
26.1
25.5
6.5
+2.5%
Operating lease liabilities
12.1
9.8
4.3
+23.3%
Other liabilities
30.4
41.3
19.6
-26.2%
Total liabilities and equity
193
161
83.8
+20.1%
Fixed assets
14.2
9.9
4.7
+43.5%
Goodwill
26.8
25.7
4.5
+4.3%
Intangible assets
29.3
32.7
5.4
-10.5%
Cash and equivalents
8.1
9.6
29.0
-16.5%
Receivables
14.7
13.2
9.9
+11.9%
Inventory
80.6
51.9
22.4
+55.1%
Other assets
19.7
18.0
7.9
+9.8%
Total assets
193
161
83.8
+20.1%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.