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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and XPEL, Inc. (XPEL). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $122.3M, roughly 1.8× XPEL, Inc.).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

XPEL, Inc. is a global provider of high-performance surface protection solutions primarily for automotive use. Core offerings include paint protection films, window tints, and ceramic coatings, serving vehicle owners, dealerships, and professional installers across North America, Europe, and Asia Pacific.

APWC vs XPEL — Head-to-Head

Bigger by revenue
APWC
APWC
1.8× larger
APWC
$225.3M
$122.3M
XPEL

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
XPEL
XPEL
Revenue
$225.3M
$122.3M
Net Profit
$13.4M
Gross Margin
7.9%
41.9%
Operating Margin
2.2%
12.7%
Net Margin
11.0%
Revenue YoY
13.7%
Net Profit YoY
50.7%
EPS (diluted)
$0.48

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
XPEL
XPEL
Q4 25
$122.3M
Q3 25
$125.4M
Q2 25
$124.7M
Q1 25
$103.8M
Q4 24
$107.5M
Q3 24
$112.9M
Q2 24
$109.9M
Q1 24
$90.1M
Net Profit
APWC
APWC
XPEL
XPEL
Q4 25
$13.4M
Q3 25
$12.9M
Q2 25
$16.3M
Q1 25
$8.6M
Q4 24
$8.9M
Q3 24
$14.9M
Q2 24
$15.0M
Q1 24
$6.7M
Gross Margin
APWC
APWC
XPEL
XPEL
Q4 25
41.9%
Q3 25
41.8%
Q2 25
42.9%
Q1 25
42.3%
Q4 24
40.6%
Q3 24
42.5%
Q2 24
43.5%
Q1 24
42.0%
Operating Margin
APWC
APWC
XPEL
XPEL
Q4 25
12.7%
Q3 25
13.4%
Q2 25
15.5%
Q1 25
10.7%
Q4 24
11.5%
Q3 24
16.3%
Q2 24
17.5%
Q1 24
10.2%
Net Margin
APWC
APWC
XPEL
XPEL
Q4 25
11.0%
Q3 25
10.3%
Q2 25
13.1%
Q1 25
8.3%
Q4 24
8.3%
Q3 24
13.2%
Q2 24
13.7%
Q1 24
7.4%
EPS (diluted)
APWC
APWC
XPEL
XPEL
Q4 25
$0.48
Q3 25
$0.47
Q2 25
$0.59
Q1 25
$0.31
Q4 24
$0.33
Q3 24
$0.54
Q2 24
$0.54
Q1 24
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
XPEL
XPEL
Cash + ST InvestmentsLiquidity on hand
$50.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$280.3M
Total Assets
$382.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
XPEL
XPEL
Q4 25
$50.9M
Q3 25
$64.5M
Q2 25
$49.6M
Q1 25
$23.5M
Q4 24
$22.1M
Q3 24
$21.0M
Q2 24
$15.0M
Q1 24
$8.6M
Stockholders' Equity
APWC
APWC
XPEL
XPEL
Q4 25
$280.3M
Q3 25
$269.3M
Q2 25
$255.7M
Q1 25
$235.5M
Q4 24
$225.5M
Q3 24
$218.7M
Q2 24
$201.9M
Q1 24
$186.4M
Total Assets
APWC
APWC
XPEL
XPEL
Q4 25
$382.5M
Q3 25
$387.7M
Q2 25
$318.1M
Q1 25
$294.8M
Q4 24
$285.6M
Q3 24
$273.0M
Q2 24
$261.8M
Q1 24
$258.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
XPEL
XPEL
Operating Cash FlowLast quarter
$2.7M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
1.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$62.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
XPEL
XPEL
Q4 25
$2.7M
Q3 25
$33.2M
Q2 25
$27.9M
Q1 25
$3.2M
Q4 24
$6.3M
Q3 24
$19.6M
Q2 24
$26.9M
Q1 24
$-5.0M
Free Cash Flow
APWC
APWC
XPEL
XPEL
Q4 25
$1.6M
Q3 25
$32.2M
Q2 25
$26.9M
Q1 25
$2.2M
Q4 24
$4.7M
Q3 24
$18.3M
Q2 24
$25.1M
Q1 24
$-7.0M
FCF Margin
APWC
APWC
XPEL
XPEL
Q4 25
1.3%
Q3 25
25.6%
Q2 25
21.6%
Q1 25
2.1%
Q4 24
4.4%
Q3 24
16.2%
Q2 24
22.8%
Q1 24
-7.7%
Capex Intensity
APWC
APWC
XPEL
XPEL
Q4 25
0.9%
Q3 25
0.8%
Q2 25
0.8%
Q1 25
1.0%
Q4 24
1.5%
Q3 24
1.1%
Q2 24
1.6%
Q1 24
2.2%
Cash Conversion
APWC
APWC
XPEL
XPEL
Q4 25
0.20×
Q3 25
2.56×
Q2 25
1.71×
Q1 25
0.38×
Q4 24
0.71×
Q3 24
1.31×
Q2 24
1.79×
Q1 24
-0.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

XPEL
XPEL

Products$90.9M74%
Service Revenue Installation Labor$23.8M19%
Service Revenue Cutbank Credits$4.1M3%
Service Revenue Software$2.2M2%

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