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

Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $122.3M, roughly 1.9× XPEL, Inc.). XPEL, Inc. runs the higher net margin — 11.0% vs -59.8%, a 70.8% gap on every dollar of revenue. On growth, XPEL, Inc. posted the faster year-over-year revenue change (13.7% vs 12.9%). XPEL, Inc. produced more free cash flow last quarter ($1.6M vs $-108.8M). Over the past eight quarters, XPEL, Inc.'s revenue compounded faster (16.5% CAGR vs -49.5%).

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

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.

VRM vs XPEL — Head-to-Head

Bigger by revenue
VRM
VRM
1.9× larger
VRM
$235.9M
$122.3M
XPEL
Growing faster (revenue YoY)
XPEL
XPEL
+0.8% gap
XPEL
13.7%
12.9%
VRM
Higher net margin
XPEL
XPEL
70.8% more per $
XPEL
11.0%
-59.8%
VRM
More free cash flow
XPEL
XPEL
$110.3M more FCF
XPEL
$1.6M
$-108.8M
VRM
Faster 2-yr revenue CAGR
XPEL
XPEL
Annualised
XPEL
16.5%
-49.5%
VRM

Income Statement — Q4 FY2023 vs Q4 FY2025

Metric
VRM
VRM
XPEL
XPEL
Revenue
$235.9M
$122.3M
Net Profit
$-141.1M
$13.4M
Gross Margin
12.3%
41.9%
Operating Margin
-11.5%
12.7%
Net Margin
-59.8%
11.0%
Revenue YoY
12.9%
13.7%
Net Profit YoY
-669.8%
50.7%
EPS (diluted)
$-80.66
$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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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)
VRM
VRM
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
VRM
VRM
XPEL
XPEL
Cash + ST InvestmentsLiquidity on hand
$135.6M
$50.9M
Total DebtLower is stronger
$454.2M
Stockholders' EquityBook value
$127.7M
$280.3M
Total Assets
$1.5B
$382.5M
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
XPEL
XPEL
Operating Cash FlowLast quarter
$-108.1M
$2.7M
Free Cash FlowOCF − Capex
$-108.8M
$1.6M
FCF MarginFCF / Revenue
-46.1%
1.3%
Capex IntensityCapex / Revenue
0.3%
0.9%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-536.3M
$62.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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
VRM
VRM
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

VRM
VRM

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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