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Side-by-side financial comparison of Via Renewables, Inc. (VIASP) and XPEL, Inc. (XPEL). Click either name above to swap in a different company.

Via Renewables, Inc. is the larger business by last-quarter revenue ($127.8M vs $122.3M, roughly 1.0× XPEL, Inc.). XPEL, Inc. runs the higher net margin — 11.0% vs 5.4%, a 5.6% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs 13.7%). XPEL, Inc. produced more free cash flow last quarter ($1.6M vs $-4.8M). Over the past eight quarters, XPEL, Inc.'s revenue compounded faster (16.5% CAGR vs 5.9%).

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

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.

VIASP vs XPEL — Head-to-Head

Bigger by revenue
VIASP
VIASP
1.0× larger
VIASP
$127.8M
$122.3M
XPEL
Growing faster (revenue YoY)
VIASP
VIASP
+8.8% gap
VIASP
22.5%
13.7%
XPEL
Higher net margin
XPEL
XPEL
5.6% more per $
XPEL
11.0%
5.4%
VIASP
More free cash flow
XPEL
XPEL
$6.4M more FCF
XPEL
$1.6M
$-4.8M
VIASP
Faster 2-yr revenue CAGR
XPEL
XPEL
Annualised
XPEL
16.5%
5.9%
VIASP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VIASP
VIASP
XPEL
XPEL
Revenue
$127.8M
$122.3M
Net Profit
$6.9M
$13.4M
Gross Margin
34.4%
41.9%
Operating Margin
15.2%
12.7%
Net Margin
5.4%
11.0%
Revenue YoY
22.5%
13.7%
Net Profit YoY
-30.9%
50.7%
EPS (diluted)
$1.19
$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
VIASP
VIASP
XPEL
XPEL
Q4 25
$127.8M
$122.3M
Q3 25
$103.3M
$125.4M
Q2 25
$90.0M
$124.7M
Q1 25
$142.3M
$103.8M
Q4 24
$104.3M
$107.5M
Q3 24
$93.8M
$112.9M
Q2 24
$86.7M
$109.9M
Q1 24
$114.1M
$90.1M
Net Profit
VIASP
VIASP
XPEL
XPEL
Q4 25
$6.9M
$13.4M
Q3 25
$757.0K
$12.9M
Q2 25
$2.7M
$16.3M
Q1 25
$8.8M
$8.6M
Q4 24
$9.9M
$8.9M
Q3 24
$2.1M
$14.9M
Q2 24
$7.6M
$15.0M
Q1 24
$8.6M
$6.7M
Gross Margin
VIASP
VIASP
XPEL
XPEL
Q4 25
34.4%
41.9%
Q3 25
23.1%
41.8%
Q2 25
30.0%
42.9%
Q1 25
32.9%
42.3%
Q4 24
51.9%
40.6%
Q3 24
26.8%
42.5%
Q2 24
50.4%
43.5%
Q1 24
39.5%
42.0%
Operating Margin
VIASP
VIASP
XPEL
XPEL
Q4 25
15.2%
12.7%
Q3 25
3.1%
13.4%
Q2 25
6.7%
15.5%
Q1 25
17.5%
10.7%
Q4 24
31.5%
11.5%
Q3 24
5.3%
16.3%
Q2 24
23.8%
17.5%
Q1 24
22.6%
10.2%
Net Margin
VIASP
VIASP
XPEL
XPEL
Q4 25
5.4%
11.0%
Q3 25
0.7%
10.3%
Q2 25
3.0%
13.1%
Q1 25
6.2%
8.3%
Q4 24
9.5%
8.3%
Q3 24
2.3%
13.2%
Q2 24
8.8%
13.7%
Q1 24
7.5%
7.4%
EPS (diluted)
VIASP
VIASP
XPEL
XPEL
Q4 25
$1.19
$0.48
Q3 25
$-0.41
$0.47
Q2 25
$0.09
$0.59
Q1 25
$1.83
$0.31
Q4 24
$2.33
$0.33
Q3 24
$-0.17
$0.54
Q2 24
$1.51
$0.54
Q1 24
$1.81
$0.24

Balance Sheet & Financial Strength

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

Metric
VIASP
VIASP
XPEL
XPEL
Cash + ST InvestmentsLiquidity on hand
$41.8M
$50.9M
Total DebtLower is stronger
$120.0M
Stockholders' EquityBook value
$67.7M
$280.3M
Total Assets
$331.3M
$382.5M
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VIASP
VIASP
XPEL
XPEL
Q4 25
$41.8M
$50.9M
Q3 25
$53.6M
$64.5M
Q2 25
$62.1M
$49.6M
Q1 25
$64.7M
$23.5M
Q4 24
$53.1M
$22.1M
Q3 24
$66.6M
$21.0M
Q2 24
$53.6M
$15.0M
Q1 24
$50.4M
$8.6M
Total Debt
VIASP
VIASP
XPEL
XPEL
Q4 25
$120.0M
Q3 25
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
Q3 24
$89.0M
Q2 24
$93.0M
Q1 24
$91.0M
Stockholders' Equity
VIASP
VIASP
XPEL
XPEL
Q4 25
$67.7M
$280.3M
Q3 25
$63.7M
$269.3M
Q2 25
$68.2M
$255.7M
Q1 25
$72.7M
$235.5M
Q4 24
$66.7M
$225.5M
Q3 24
$58.2M
$218.7M
Q2 24
$58.3M
$201.9M
Q1 24
$53.2M
$186.4M
Total Assets
VIASP
VIASP
XPEL
XPEL
Q4 25
$331.3M
$382.5M
Q3 25
$304.8M
$387.7M
Q2 25
$316.3M
$318.1M
Q1 25
$347.4M
$294.8M
Q4 24
$344.9M
$285.6M
Q3 24
$298.4M
$273.0M
Q2 24
$299.7M
$261.8M
Q1 24
$302.7M
$258.5M
Debt / Equity
VIASP
VIASP
XPEL
XPEL
Q4 25
1.77×
Q3 25
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×
Q1 24
1.71×

Cash Flow & Capital Efficiency

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

Metric
VIASP
VIASP
XPEL
XPEL
Operating Cash FlowLast quarter
$-4.2M
$2.7M
Free Cash FlowOCF − Capex
$-4.8M
$1.6M
FCF MarginFCF / Revenue
-3.7%
1.3%
Capex IntensityCapex / Revenue
0.4%
0.9%
Cash ConversionOCF / Net Profit
-0.61×
0.20×
TTM Free Cash FlowTrailing 4 quarters
$39.1M
$62.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VIASP
VIASP
XPEL
XPEL
Q4 25
$-4.2M
$2.7M
Q3 25
$2.4M
$33.2M
Q2 25
$19.0M
$27.9M
Q1 25
$24.9M
$3.2M
Q4 24
$2.0M
$6.3M
Q3 24
$20.1M
$19.6M
Q2 24
$11.2M
$26.9M
Q1 24
$17.1M
$-5.0M
Free Cash Flow
VIASP
VIASP
XPEL
XPEL
Q4 25
$-4.8M
$1.6M
Q3 25
$1.9M
$32.2M
Q2 25
$18.4M
$26.9M
Q1 25
$23.5M
$2.2M
Q4 24
$1.6M
$4.7M
Q3 24
$19.7M
$18.3M
Q2 24
$10.9M
$25.1M
Q1 24
$16.6M
$-7.0M
FCF Margin
VIASP
VIASP
XPEL
XPEL
Q4 25
-3.7%
1.3%
Q3 25
1.9%
25.6%
Q2 25
20.5%
21.6%
Q1 25
16.5%
2.1%
Q4 24
1.5%
4.4%
Q3 24
21.0%
16.2%
Q2 24
12.6%
22.8%
Q1 24
14.6%
-7.7%
Capex Intensity
VIASP
VIASP
XPEL
XPEL
Q4 25
0.4%
0.9%
Q3 25
0.4%
0.8%
Q2 25
0.6%
0.8%
Q1 25
1.0%
1.0%
Q4 24
0.4%
1.5%
Q3 24
0.4%
1.1%
Q2 24
0.3%
1.6%
Q1 24
0.4%
2.2%
Cash Conversion
VIASP
VIASP
XPEL
XPEL
Q4 25
-0.61×
0.20×
Q3 25
3.12×
2.56×
Q2 25
6.94×
1.71×
Q1 25
2.84×
0.38×
Q4 24
0.20×
0.71×
Q3 24
9.41×
1.31×
Q2 24
1.47×
1.79×
Q1 24
2.00×
-0.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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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