Xpel (XPEL) Gross Margin (2018 - 2026)
Xpel (XPEL) recorded Gross Margin of 44.14% in Q2 2026, up 1.23 percentage points from 42.91% a year earlier and up 0.48 percentage points from the prior quarter.
Powered by 
Analysis
Xpel (XPEL) Gross Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Xpel's Gross Margin came in at 42.90% as of Jun 30, 2026, up 0.79 percentage points year-over-year; for FY2025, it came in at 42.21%, up 0.02 percentage points from FY2024.
- Annual Gross Margin has increased for seven straight years, with a five-year change of +8.22 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 42.19% in FY2024 (+1.21 pp), 40.98% in FY2023 (+1.63 pp), 39.36% in FY2022 (+3.61 pp) and 35.75% in FY2021 (+1.75 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin in data going back to Q2 2018.
- On a year-over-year basis, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +0.83 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.36 percentage points in Q4 2022, against a drop of 0.77 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 43.65% (Q1 2026), 41.86% (Q4 2025) and 41.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,160.73 Bn | 982.96 Bn | 5.49 Bn | 19.59% |
| 2 | General Motors | 75.19 Bn | -29.42 Bn | 9.28 Bn | 18.55% |
| 3 | Ferrari | 74.17 Bn | 66.47 Bn | 1.14 Bn | 52.41% |
| 4 | Ford Motor | 49.64 Bn | -84.78 Bn | 7.38 Bn | 14.90% |
| 5 | Honda Motor | 47.63 Bn | -102.18 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 28.28 Bn | -349.28 Bn | 19.83 Bn | 23.49% |
| 7 | Rivian Automotive | 19.71 Bn | -2.02 Bn | 176.00 Mn | 8.17% |
| 8 | Magna International | 17.43 Bn | 11.40 Bn | 1.63 Bn | 16.16% |
| 9 | Stellantis | 12.80 Bn | -148.64 Bn | 3.94 Bn | 9.10% |
| 10 | Xpel | 1.06 Bn | 858.07 Mn | 63.14 Mn | 44.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.14% |
| Mar 31, 2026 | 43.65% |
| Dec 31, 2025 | 41.86% |
| Sep 30, 2025 | 41.80% |
| Jun 30, 2025 | 42.91% |
| Mar 31, 2025 | 42.29% |
| Dec 31, 2024 | 40.64% |
| Sep 30, 2024 | 42.46% |
| Jun 30, 2024 | 43.55% |
| Mar 31, 2024 | 42.04% |
| Dec 31, 2023 | 38.78% |
| Sep 30, 2023 | 40.45% |
| Jun 30, 2023 | 43.03% |
| Mar 31, 2023 | 41.89% |
| Dec 31, 2022 | 39.56% |
| Sep 30, 2022 | 39.85% |
| Jun 30, 2022 | 39.32% |
| Mar 31, 2022 | 38.57% |
| Dec 31, 2021 | 35.20% |
| Sep 30, 2021 | 35.68% |
API Access
Xpel Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=XPEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XPEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XPEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();