XPEL, Inc. XPEL

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
76/100
Strong

About XPEL, Inc.

XPEL, Inc. manufactures, installs, sells, and distributes protective films, coatings and related services. It offers automotive and surface paint protection, windshield protection, and automotive and architectural window films, as well as proprietary DAP software. The company also provides pre-cut film products, merchandise and apparel, ceramic coatings, installation, and tools and accessories; and training services to customers for the installation of … Full XPEL analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 42.2% (top 11%) and operating margin at 13.2% (top 9%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.76), demonstrating pricing resilience across cycles.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
85

Where XPEL ranks in Auto Parts

XPEL, Inc. ranks #3 of 60 scored companies in Auto Parts by moat score — the top 5%. The widest moat in the group is Allison Transmission Holdings, (ALSN) at 83/100.

Moat scores for companies ranked near XPEL in Auto Parts
# Company Moat score Rating
1 Allison Transmission Holdings, ALSN 83/100 Strong
2 Gentex Corporation GNTX 83/100 Strong
3 XPEL, Inc. XPEL 76/100 Strong
4 Dorman Products, Inc. DORM 75/100 Strong
5 Autoliv, Inc. ALV 74/100 Moderate
6 Garrett Motion Inc. GTX 73/100 Moderate
7 Douglas Dynamics, Inc. PLOW 73/100 Moderate
8 Modine Manufacturing Company MOD 71/100 Moderate
9 China Automotive Systems, Inc. CAAS 71/100 Moderate

See every General Corporate company ranked by moat score →

How XPEL scores on the Corporate Default defenses

Pricing Power

Score 85 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 60 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 71 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 82 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 86 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 68 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding XPEL's moat

What is XPEL, Inc.'s moat score?

XPEL, Inc. (XPEL) scores 76 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #3 of 60 scored companies in Auto Parts, the top 5%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Auto Parts. Its strongest defense is Resilience (86/100) and its weakest is Cost Advantage (60/100).

How does XPEL, Inc. compare with other Auto Parts companies?

XPEL, Inc. ranks #3 of 60 scored companies in Auto Parts by moat score. The widest moat in Auto Parts is Allison Transmission Holdings, (ALSN) at 83/100. The companies ranked closest are Gentex Corporation (GNTX) at 82 just above it and Dorman Products, Inc. (DORM) at 75 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 59 companies in Auto Parts. The defenses are then weighted to produce the overall score out of 100.

Why is XPEL, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for XPEL, Inc.?

The Corporate Default template measures 6 defenses, and XPEL scores: Pricing Power (85), Cost Advantage (60), Customer Stickiness (71), Capital Efficiency (82), Resilience (86), Scale & Market Position (68). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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