Co-movers

daily closes · 500dMethod

Moved together

XPELwithMMM

×0.19co-movement · MMM on XPEL · 500d

r 0.30scale to r 0.75

Shared co-movers1with XPELwith MMM

NDSNNordson Corpr 0.46r 0.58

XPEL, solidMMM, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

XPELXpel, Inc.

38.89−2.92%· post 38.88

Mkt cap$1.1BRevenue$138MQ3 FY26Revenue$476MFY25

MMM3M Co

185.84−1.03%· post 185.21

ClosedNov 6 '26

Mkt cap$95.7BRevenue$6.6BQ3 FY26Revenue$24.9BFY25

vs

Compare

ClosedNov 6 '26

XPELXpel, Inc.

vs

MMM3M Co

38.89−2.92%post 38.88

Price

185.84−1.03%post 185.21

$1.1B

Mkt cap

$95.7B

Q3 FY26$138M

Revenue

$6.6BQ3 FY26

FY25$476M

Revenue

$24.9BFY25

XPEL compared with MMM: revenue, margins and what each company keeps, and the suppliers and customers both name