Xwell (XWEL) Stock Price, Financials & Analysis

Key Stats

Market Cap6.20 Mn

P/E-0.19

P/S0.22

Div. Yield0.00

Revenue Growth (1y) (Qtr)-7.08

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About

XWELL Inc is a global wellness organization dedicated to delivering restorative and health-focused services to travelers through its three reportable operating segments: XpresSpa®, XpresTest®, and Naples Wax Center®. The company provides spa services such as massage, nail and skin care, along with wellness products, primarily within airport environments. It also offers bio-surveillance testing services and operates upscale hair removal and skincare centers off-airport.…

XWELL Inc generates revenue through the delivery of spa and wellness services at its XpresSpa® locations, including massage, nail treatments, skin care, and retail sales of spa and travel products. Revenue is also derived from XpresTest® through bio-surveillance monitoring programs conducted in partnership with government health agencies, involving pathogen sample collection and reporting. Additionally, Naples Wax Center® contributes revenue from facial and body waxing services, skincare applications, and retail sales of cosmetic products. The company serves a general customer base of travelers, airport personnel, government agency clients, and off-airport consumers seeking personal care services.

The company operates through the following segments: XpresSpa®, XpresTest®, and Naples Wax Center®.

XpresSpa® operates as a global airport retailer of spa services, offering travelers premium treatments such as massage, nail care, and skin care, along with spa and travel products. As of December 31, 2025, it maintained 16 domestic locations and 9 international locations across airports in the United Arab Emirates, Netherlands, and Turkey.
XpresTest® provides bio-surveillance monitoring services in collaboration with government health agencies, including pathogen sample collection and reporting at U. S. international airports. It previously offered COVID-19 and other medical testing to travelers and airport staff but discontinued diagnostic services after closing all locations by December 31, 2023. Revenue from its surveillance programs has been supported through multiple contract extensions and expansions with federal partners.
Naples Wax Center® operates a group of upscale hair removal locations offering core services from facial and body waxing to a range of skincare and cosmetic products. Acquired on September 12, 2023, it aims to expand XWELL Inc’s presence beyond airports into off-airport markets, supporting diversification of the wellness platform and retail footprint.

XWELL Inc is strategically positioned to capitalize on growing consumer interest in travel, health, and wellness, leveraging its airport-based footprint to build brand recognition amid high foot traffic and dwell time. Its domestic units operate in many of the largest and most heavily trafficked U. S. airports, where the market is fragmented and dominated by small privately-owned entities, with the largest domestic competitor operating nine locations across seven airports. The company differentiates itself through flexible location adaptation, integrated wellness offerings, and a focus on expedient yet restorative experiences for time-constrained travelers.

The company serves travelers passing through airports, airline and airport employees, government personnel such as TSA and Customs and Border Protection agents, and off-airport consumers seeking personal wellness services. Specific customer names are not disclosed in the filing, but the base includes transient airport visitors, public health agencies engaged in surveillance programs, and retail clients of off-airport waxing and skincare centers.

How Xwell ranks

Ranked against the 39 companies in Consumer Services58 metrics · as of Oct 16, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/ENegative earnings −0.19xMedian 16.9x 1^st
P/FCFNegative free cash flow −0.42xMedian 14.7x 1^st
P/Operating cash flowNegative operating cash flow −0.56xMedian 9.58x 1^st
P/S 0.22xMedian 1.28x 97^th
P/B 0.77xMedian 2.05x 72^nd
P/Tangible book 0.77xMedian 2.45x 79^th
EV/EBITDANet cash exceeds market value 0.33xMedian 9.47x Not meaningful —
EV/EBITNet cash exceeds market value 0.31xMedian 12.0x Not meaningful —
EV/RevenueNet cash exceeds market value −0.19xMedian 1.22x Not meaningful —
EV/FCFNet cash exceeds market value 0.36xMedian 16.7x Not meaningful —
EV/Operating cash flowNet cash exceeds market value 0.48xMedian 10.8x Not meaningful —
PEG (3Y EPS CAGR)Negative earnings −0.01Median 0.33 Not meaningful —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) −7.6%Median 8.0% 7^th
Revenue CAGR (3Y) −5.5%Median 10.1% 8^th
Gross profit growth (1Y) 55.0%Median 9.6% 91^st
Gross profit CAGR (3Y) 40.3%Median 12.7% 90^th
Operating income growth (1Y) 5.2%Median 14.1% 32^nd
Operating income CAGR (3Y) 18.4%Median 26.0% 40^th
Net income growth (1Y) −17.8%Median 10.1% 28^th
Net income CAGR (3Y) 12.6%Median 29.3% 35^th
EPS growth (1Y) −2.9%Median 14.5% 31^st
EPS CAGR (3Y) 19.9%Median 34.0% 39^th
Operating cash flow growth (1Y) 16.2%Median 11.9% 56^th
Operating cash flow CAGR (3Y) 22.5%Median 20.3% 52^nd
Free cash flow growth (1Y) 11.2%Median 8.7% 52^nd
Free cash flow CAGR (3Y) 18.5%Median 20.6% 44^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin 34.3%Median 37.8% 36^th
EBITDA margin −57.5%Median 15.6% 1^st
Operating margin −61.3%Median 10.6% 4^th
Pretax margin −78.9%Median 8.8% 4^th
Net margin −118%Median 8.2% 4^th
FCF margin −53.2%Median 9.7% 1^st
Operating cash flow margin −39.8%Median 16.3% 1^st
Return on equity −244%Median 16.5% 1^st
Return on assets −98.3%Median 5.4% 7^th
Return on invested capital —Median 10.7% No data —
Return on capital employed −108%Median 9.1% 1^st
Asset turnover 1.24xMedian 0.70x 89^th
Cash conversion (OCF / net income)Net income is not positive 0.50xMedian 1.61x Not meaningful —
Stock comp / revenue 4.9%Median 1.1% 1^st

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets —Median 16.2% No data —
Debt / equity —Median 0.33x No data —
Net debt / EBITDA —Median 0.58x No data —
Debt / FCF —Median 1.69x No data —
Liabilities / assets 59.8%Median 55.2% 42^nd
Equity / assets 40.2%Median 44.8% 42^nd
Interest coverage —Median 6.74x No data —
Current ratio 2.27xMedian 1.46x 82^nd
Quick ratio 2.05xMedian 0.87x 82^nd
Cash ratio 1.77xMedian 0.49x 87^th
Altman Z-score −34.9Median 2.61 4^th

Shareholder Returns

7 metrics · Cash returned through dividends and buybacks; a lower payout ranks higher

Dividend yield —Median 1.7% No dividend —
Net buyback yieldAbove 100% of market value −289%Median 2.6% Not meaningful —
Shareholder yieldAbove 100% of market value −289%Median 1.4% Not meaningful —
Payout ratio (earnings) —Median 23.9% No dividend —
Payout ratio (FCF) —Median 21.8% No dividend —
Dividend growth (1Y) —Median 5.3% No dividend —
Dividend CAGR (3Y) —Median 5.2% No dividend —

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	SCI	Service Corp International	11.11 Bn	20.67	2.54	5.30 Bn
2	EDU	New Oriental Education & Technology Group Inc.	9.57 Bn	20.14	1.69	0.29 Bn
3	TAL	TAL Education Group	6.81 Bn	7.51	2.13	-
4	LAUR	Laureate Education, Inc.	5.47 Bn	17.00	2.99	0.22 Bn
5	GHC	Graham Holdings Co	5.16 Bn	9.53	1.02	0.90 Bn
6	CVSA	Covista Inc.	4.51 Bn	17.94	2.31	0.66 Bn
7	VVV	Valvoline Inc	3.94 Bn	38.82	2.01	1.60 Bn
8	XWEL	XWELL, Inc.	0.01 Bn	-0.19	0.22	-

Xwell XWEL

About

How Xwell ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Xwell XWEL

About

How Xwell ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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