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Accel Entertainment (ACEL) Financials

Accel Entertainment logo
$11.60 +0.28 (+2.46%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$11.62 +0.02 (+0.18%)
As of 08/22/2025 06:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Accel Entertainment

Annual Income Statements for Accel Entertainment

This table shows Accel Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
8.31 11 -37 -0.41 32 74 46 35
Consolidated Net Income / (Loss)
8.31 11 -37 -0.41 32 74 46 35
Net Income / (Loss) Continuing Operations
8.31 11 -37 -0.41 32 74 46 35
Total Pre-Tax Income
10 15 -32 -17 47 95 66 54
Total Operating Income
18 25 13 -25 70 97 107 91
Total Gross Profit
248 118 147 316 735 965 1,163 1,224
Total Revenue
248 335 429 316 735 970 1,170 1,231
Total Cost of Revenue
0.00 217 282 0.00 0.00 4.78 7.67 7.10
Operating Cost of Revenue
- 217 282 - 0.00 4.78 7.67 7.10
Total Operating Expenses
230 93 133 341 665 868 1,055 1,133
Selling, General & Admin Expense
47 57 89 77 124 155 187 214
Depreciation Expense
17 21 26 21 25 29 38 44
Amortization Expense
9.79 15 18 211 516 684 831 875
Total Other Income / (Expense), net
-8.11 -9.64 -45 7.35 -24 -2.09 -42 -37
Interest & Investment Income
- - -13 -14 -13 -22 -33 -36
Other Income / (Expense), net
- 0.00 -31 21 -9.76 20 -8.54 -1.26
Income Tax Expense
1.75 4.42 5.20 -17 15 21 20 18
Net Income / (Loss) Attributable to Noncontrolling Interest
- - - - - 0.00 0.00 0.04
Basic Earnings per Share
$0.15 $0.19 ($0.59) $0.00 $0.34 $0.82 $0.53 $0.42
Weighted Average Basic Shares Outstanding
56.32M 57.62M 61.85M 83.05M 93.78M 90.63M 85.95M 83.75M
Diluted Earnings per Share
$0.14 $0.17 ($0.59) ($0.02) $0.33 $0.81 $0.53 $0.41
Weighted Average Diluted Shares Outstanding
59.41M 62.18M 61.85M 83.11M 94.64M 91.23M 86.80M 84.98M
Weighted Average Basic & Diluted Shares Outstanding
- 56.25M 78.23M 93.38M 92.77M 86.67M 83.80M 85.56M

Quarterly Income Statements for Accel Entertainment

This table shows Accel Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
13 9.18 9.98 10 16 7.42 15 4.90 8.36 15 7.32
Consolidated Net Income / (Loss)
13 9.18 9.98 10 16 7.42 15 4.90 8.39 15 7.26
Net Income / (Loss) Continuing Operations
13 9.18 9.98 10 16 7.42 15 4.90 8.39 15 7.26
Total Pre-Tax Income
18 15 16 15 19 12 19 8.46 15 20 12
Total Operating Income
25 28 29 25 25 26 23 22 21 26 27
Total Gross Profit
276 292 290 285 295 301 306 301 316 322 335
Total Revenue
278 293 293 287 297 302 309 302 318 324 336
Total Cost of Revenue
2.35 1.41 2.15 2.07 2.04 1.16 3.16 0.96 1.82 2.08 0.89
Operating Cost of Revenue
- 1.41 2.15 2.07 2.04 1.16 3.16 0.96 1.82 2.08 0.89
Total Operating Expenses
251 264 261 260 270 275 284 279 295 296 308
Selling, General & Admin Expense
46 46 44 47 49 50 54 52 58 56 59
Depreciation Expense
8.72 9.06 9.45 9.41 9.99 10 11 11 12 12 13
Amortization Expense
202 209 208 204 210 215 219 217 225 228 236
Total Other Income / (Expense), net
-7.56 -12 -13 -10 -6.07 -13 -4.16 -13 -6.23 -6.35 -15
Interest & Investment Income
-7.61 -7.89 -8.24 -8.42 -8.60 -8.66 -8.91 -9.17 -9.16 -8.70 -8.79
Other Income / (Expense), net
0.05 -4.60 -4.84 -1.63 2.52 -4.72 4.74 -4.22 2.93 2.36 -5.73
Income Tax Expense
4.13 6.00 6.10 4.63 3.39 4.77 3.93 3.57 6.17 4.99 5.09
Net Income / (Loss) Attributable to Noncontrolling Interest
- - - - - 0.00 0.00 - - -0.03 -0.05
Basic Earnings per Share
$0.16 $0.11 $0.12 $0.12 $0.18 $0.09 $0.17 $0.06 $0.10 $0.17 $0.09
Weighted Average Basic Shares Outstanding
90.63M 86.89M 86.18M 85.87M 85.95M 84.30M 83.91M 82.95M 83.75M 86.00M 85.71M
Diluted Earnings per Share
$0.15 $0.11 $0.11 $0.12 $0.19 $0.09 $0.17 $0.06 $0.09 $0.17 $0.08
Weighted Average Diluted Shares Outstanding
91.23M 87.13M 86.82M 87.11M 86.80M 85.30M 85.05M 84.32M 84.98M 87.22M 86.94M
Weighted Average Basic & Diluted Shares Outstanding
86.67M 86.01M 85.62M 84.80M 83.80M 83.75M 82.63M 82.34M 85.56M 84.64M 84.29M

Annual Cash Flow Statements for Accel Entertainment

This table details how cash moves in and out of Accel Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-40 17 33 9.05 64 25 37 20
Net Cash From Operating Activities
33 44 46 -3.71 111 108 133 121
Net Cash From Continuing Operating Activities
23 45 46 -3.71 111 108 133 121
Net Income / (Loss) Continuing Operations
8.31 11 -37 -0.41 32 74 46 35
Consolidated Net Income / (Loss)
8.31 11 -37 -0.41 32 74 46 35
Depreciation Expense
17 21 26 21 25 29 38 44
Amortization Expense
0.28 15 19 25 24 20 23 24
Non-Cash Adjustments To Reconcile Net Income
-0.94 -0.93 32 -16 15 -18 12 9.85
Changes in Operating Assets and Liabilities, net
-1.51 -1.20 4.85 -33 16 3.02 14 7.72
Net Cash From Investing Activities
-71 -74 -152 -61 -35 -189 -60 -124
Net Cash From Continuing Investing Activities
-71 -74 -152 -61 -35 -189 -60 -124
Purchase of Property, Plant & Equipment
-24 -23 -21 -26 -30 -47 -82 -67
Acquisitions
-48 -51 -101 -36 -6.20 -144 -12 -59
Sale of Property, Plant & Equipment
0.26 1.17 0.12 0.39 1.41 2.14 1.68 0.98
Other Investing Activities, net
- 0.00 0.00 -0.30 0.00 0.00 32 0.00
Net Cash From Financing Activities
59 46 139 74 -12 107 -35 23
Net Cash From Continuing Financing Activities
8.08 46 139 74 -12 107 -35 23
Repayment of Debt
-12 -74 -313 -120 -56 -45 -169 -123
Repurchase of Common Equity
-0.12 -3.34 0.00 0.00 -8.98 -79 -30 -25
Issuance of Debt
19 124 419 49 54 240 169 175
Other Financing Activities, net
-0.15 -0.35 33 55 -1.18 -9.78 -4.87 -3.85
Cash Interest Paid
6.22 8.72 12 13 9.65 20 30 33
Cash Income Taxes Paid
0.00 1.59 1.76 0.00 8.59 7.66 12 22

Quarterly Cash Flow Statements for Accel Entertainment

This table details how cash moves in and out of Accel Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
12 4.42 4.91 -3.05 31 -7.69 1.00 10 16 -9.37 -7.31
Net Cash From Operating Activities
30 38 26 28 41 29 29 50 14 45 20
Net Cash From Continuing Operating Activities
30 38 26 28 41 29 29 50 14 45 20
Net Income / (Loss) Continuing Operations
13 9.18 9.98 10 16 7.42 15 4.90 8.39 15 7.26
Consolidated Net Income / (Loss)
13 9.18 9.98 10 16 7.42 15 4.90 8.39 15 7.26
Depreciation Expense
8.72 9.06 9.45 9.41 9.99 10 11 11 12 12 13
Amortization Expense
5.66 5.69 5.73 5.76 5.85 5.89 6.04 6.23 6.21 6.73 6.75
Non-Cash Adjustments To Reconcile Net Income
-0.83 5.70 5.73 3.29 -3.05 4.46 -2.36 6.77 0.62 -0.58 6.09
Changes in Operating Assets and Liabilities, net
2.79 8.34 -5.02 -0.74 12 0.54 -0.20 21 -13 12 -13
Net Cash From Investing Activities
-20 -24 7.34 -19 -24 -26 -43 -21 -34 -26 -34
Net Cash From Continuing Investing Activities
-20 -24 7.34 -19 -24 -26 -43 -21 -34 -26 -34
Purchase of Property, Plant & Equipment
-14 -21 -20 -19 -22 -21 -18 -17 -11 -27 -26
Acquisitions
-6.40 -2.60 -5.22 -0.90 -3.08 -5.44 -26 -4.32 -23 -0.13 -9.72
Sale of Property, Plant & Equipment
0.41 0.48 0.67 0.32 0.22 0.18 0.15 0.36 0.30 0.69 0.48
Net Cash From Financing Activities
2.69 -9.98 -28 -12 15 -11 16 -19 37 -28 6.66
Net Cash From Continuing Financing Activities
2.69 -9.98 -28 -12 15 -11 16 -19 37 -28 6.66
Repayment of Debt
-21 -13 -127 -14 -16 -18 -6.88 -14 -84 -15 -49
Repurchase of Common Equity
-17 -4.21 -8.11 -3.34 -14 -6.12 -9.20 -6.15 -4.02 -10 -6.71
Issuance of Debt
41 8.00 107 8.00 46 15 33 2.00 126 0.00 64
Other Financing Activities, net
-0.60 -1.15 -0.57 -2.78 -0.37 -1.55 -0.86 -0.96 -0.49 -2.87 -1.26
Cash Interest Paid
7.98 9.28 5.76 7.55 7.66 7.69 8.23 8.63 8.22 8.07 7.95
Cash Income Taxes Paid
0.62 0.00 6.20 1.38 4.17 0.00 11 3.63 7.47 0.00 16

Annual Balance Sheets for Accel Entertainment

This table presents Accel Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
451 335 509 560 616 863 913 1,048
Total Current Assets
0.51 102 151 152 248 299 313 326
Cash & Equivalents
0.37 92 125 134 199 224 262 281
Accounts Receivable
- - - - 5.12 11 13 11
Inventories, net
- - - - 0.00 6.94 7.68 8.12
Prepaid Expenses
0.13 2.54 4.15 5.55 7.00 7.41 6.29 8.95
Other Current Assets
- 5.14 7.03 8.64 5.03 18 24 17
Plant, Property, & Equipment, net
0.00 92 119 144 152 212 261 308
Total Noncurrent Assets
450 141 239 265 216 352 339 414
Goodwill
- 0.00 35 46 46 101 102 116
Intangible Assets
- 126 167 168 151 231 200 257
Other Noncurrent Operating Assets
450 15 18 17 19 20 38 41
Total Liabilities & Shareholders' Equity
451 335 509 560 616 863 913 1,048
Total Liabilities
16 278 424 432 458 684 714 789
Total Current Liabilities
0.16 86 55 52 72 90 110 118
Short-Term Debt
- 66 25 21 31 31 32 38
Accounts Payable
- 12 17 24 15 22 36 42
Accrued Expenses
0.16 6.06 8.44 0.00 15 24 28 25
Current Employee Benefit Liabilities
- - 2.40 5.85 8.89 11 13 12
Other Current Liabilities
- 1.82 1.70 1.61 2.08 1.49 1.51 2.20
Total Noncurrent Liabilities
16 192 369 380 386 594 605 671
Long-Term Debt
- 169 335 322 324 519 514 561
Noncurrent Deferred & Payable Income Tax Liabilities
- 8.90 13 0.00 2.25 37 43 47
Other Noncurrent Operating Liabilities
16 14 21 58 60 39 48 62
Redeemable Noncontrolling Interest
430 - - - - - 0.00 4.28
Total Equity & Noncontrolling Interests
5.00 57 -43 128 158 179 198 255
Total Preferred & Common Equity
5.00 57 -43 128 158 179 198 255
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
5.00 57 -43 128 158 179 198 255
Common Stock
5.38 80 8.36 180 188 194 203 222
Retained Earnings
-0.38 -17 -51 -52 -20 54 99 135
Treasury Stock
- -5.83 - 0.00 -8.98 -82 -112 -105
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 0.09 0.00 12 7.94 4.15

Quarterly Balance Sheets for Accel Entertainment

This table presents Accel Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets
817 838 870 863 871 919 950 950 1,047 1,056
Total Current Assets
288 284 299 281 283 309 322 323 316 310
Cash & Equivalents
220 212 229 233 230 254 255 265 272 265
Accounts Receivable
9.21 8.85 7.74 9.71 13 14 15 7.83 13 12
Inventories, net
6.14 6.87 7.48 7.31 6.78 7.84 7.53 9.09 8.56 9.69
Prepaid Expenses
8.36 7.83 7.08 8.01 8.03 8.09 8.77 8.17 8.61 8.72
Other Current Assets
10 15 16 22 24 26 36 33 15 15
Plant, Property, & Equipment, net
190 207 226 236 246 271 276 282 322 328
Total Noncurrent Assets
339 348 345 347 343 338 352 345 409 418
Goodwill
99 99 102 102 102 102 102 102 116 116
Intangible Assets
209 213 207 204 199 193 201 196 251 255
Other Noncurrent Operating Assets
31 35 36 41 43 44 49 47 42 47
Total Liabilities & Shareholders' Equity
817 838 870 863 871 919 950 950 1,047 1,056
Total Liabilities
643 657 688 675 673 717 741 743 784 792
Total Current Liabilities
86 93 93 93 92 109 106 119 131 117
Short-Term Debt
35 36 31 36 34 31 32 31 37 37
Accounts Payable
22 22 28 25 23 39 34 36 52 37
Accrued Expenses
16 21 25 23 25 28 26 39 30 27
Current Employee Benefit Liabilities
9.06 10 6.70 8.04 9.19 8.90 11 10 8.86 13
Other Current Liabilities
2.79 3.04 1.51 1.50 1.48 1.48 2.01 2.12 2.22 2.58
Total Noncurrent Liabilities
557 565 595 582 580 608 636 624 653 674
Long-Term Debt
479 498 514 490 484 511 537 526 546 561
Noncurrent Deferred & Payable Income Tax Liabilities
29 35 39 43 46 44 42 38 46 44
Other Noncurrent Operating Liabilities
49 32 42 49 50 53 56 60 61 69
Redeemable Noncontrolling Interest
- - - - - - - - 4.25 4.20
Total Equity & Noncontrolling Interests
174 181 182 189 199 202 209 207 259 261
Total Preferred & Common Equity
174 181 182 189 199 202 209 207 259 261
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
174 181 182 189 199 202 209 207 259 261
Common Stock
191 192 195 198 201 204 207 210 222 224
Retained Earnings
18 40 63 73 83 107 121 126 149 157
Treasury Stock
-42 -65 -86 -94 -98 -118 -128 -134 -116 -123
Accumulated Other Comprehensive Income / (Loss)
6.77 13 10 12 12 9.02 7.94 3.87 3.01 2.18

Annual Metrics And Ratios for Accel Entertainment

This table displays calculated financial ratios and metrics derived from Accel Entertainment's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - -
Revenue Growth
0.00% 34.88% 27.94% -26.21% 132.24% 32.00% 20.69% 5.17%
EBITDA Growth
0.00% 72.41% -54.77% 53.00% 159.89% 51.36% -3.32% -1.14%
EBIT Growth
0.00% 36.87% -170.63% 79.38% 1,768.88% 92.62% -15.06% -9.35%
NOPAT Growth
0.00% 17.61% -47.10% -285.06% 375.31% 59.25% -1.60% -19.90%
Net Income Growth
0.00% 29.98% -440.31% 98.88% 7,797.32% 134.80% -38.46% -22.61%
EPS Growth
0.00% 21.43% -447.06% 96.61% 1,750.00% 145.45% -34.57% -22.64%
Operating Cash Flow Growth
0.00% 33.98% 2.76% -108.13% 3,089.34% -2.49% 22.71% -8.55%
Free Cash Flow Firm Growth
0.00% 0.00% -132.24% 58.69% 312.76% -259.17% 156.17% -153.39%
Invested Capital Growth
0.00% -54.09% 45.51% 5.64% -7.83% 67.13% 2.24% 19.44%
Revenue Q/Q Growth
0.00% 0.00% -2.42% -44.14% 19.11% 9.70% 1.65% 1.69%
EBITDA Q/Q Growth
0.00% 0.00% -22.80% 14.44% 25.35% 10.28% 2.76% -1.33%
EBIT Q/Q Growth
0.00% 0.00% -149.37% 61.84% 67.17% 10.41% 2.95% -4.53%
NOPAT Q/Q Growth
0.00% 0.00% -73.76% -160.08% 62.83% 10.25% 3.37% -14.70%
Net Income Q/Q Growth
0.00% 0.00% -427.85% 98.79% 94.41% 9.78% 6.00% -17.71%
EPS Q/Q Growth
0.00% 0.00% -447.06% 96.61% 106.25% 10.96% 8.16% -19.61%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -49.24% -191.91% 52.89% -0.68% 8.85% -18.22%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -133.51% 72.71% -0.46% 12.03% -159.32%
Invested Capital Q/Q Growth
0.00% 0.00% -28.93% 1.74% -2.26% 0.22% -0.70% 15.66%
Profitability Metrics
- - - - - - - -
Gross Margin
100.00% 35.10% 34.22% 100.00% 100.00% 99.51% 99.34% 99.42%
EBITDA Margin
14.18% 18.12% 6.41% 13.28% 14.86% 17.04% 13.65% 12.83%
Operating Margin
7.31% 7.42% 3.11% -7.80% 9.55% 9.99% 9.18% 7.38%
EBIT Margin
7.31% 7.42% -4.10% -1.14% 8.23% 12.00% 8.45% 7.28%
Profit (Net Income) Margin
3.35% 3.22% -8.58% -0.13% 4.30% 7.64% 3.90% 2.87%
Tax Burden Percent
82.57% 70.96% 116.47% 2.37% 67.76% 78.20% 69.39% 65.68%
Interest Burden Percent
55.39% 61.22% 179.71% 478.54% 77.07% 81.41% 66.48% 59.95%
Effective Tax Rate
17.43% 29.04% 0.00% 0.00% 32.24% 21.80% 30.61% 34.32%
Return on Invested Capital (ROIC)
3.46% 5.57% 3.81% -5.79% 16.15% 20.07% 15.61% 11.27%
ROIC Less NNEP Spread (ROIC-NNEP)
1,802.18% -4.08% -15.58% 0.80% 5.58% 19.29% 5.60% 3.16%
Return on Net Nonoperating Assets (RNNOA)
-1.54% -1.18% -524.99% 4.83% 5.89% 23.90% 8.58% 4.15%
Return on Equity (ROE)
1.91% 4.39% -521.18% -0.97% 22.04% 43.97% 24.19% 15.42%
Cash Return on Invested Capital (CROIC)
0.00% 79.70% -33.26% -11.27% 24.30% -30.18% 13.40% -6.45%
Operating Return on Assets (OROA)
4.03% 6.33% -4.16% -0.68% 10.27% 15.74% 11.14% 9.14%
Return on Assets (ROA)
1.84% 2.75% -8.71% -0.08% 5.37% 10.02% 5.14% 3.60%
Return on Common Equity (ROCE)
0.02% 0.56% -521.18% -0.97% 22.04% 43.97% 24.19% 15.28%
Return on Equity Simple (ROE_SIMPLE)
166.22% 18.91% 85.48% -0.32% 19.92% 41.49% 22.98% 13.84%
Net Operating Profit after Tax (NOPAT)
15 18 9.34 -17 48 76 75 60
NOPAT Margin
6.04% 5.27% 2.18% -5.46% 6.47% 7.81% 6.37% 4.85%
Net Nonoperating Expense Percent (NNEP)
-1,798.72% 9.65% 19.40% -6.59% 10.58% 0.78% 10.01% 8.12%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 10.40% 10.01% 6.99%
Cost of Revenue to Revenue
0.00% 64.90% 65.78% 0.00% 0.00% 0.49% 0.66% 0.58%
SG&A Expenses to Revenue
18.80% 17.10% 20.76% 24.47% 16.85% 16.01% 15.95% 17.39%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
92.69% 27.68% 31.11% 107.80% 90.45% 89.52% 90.17% 92.04%
Earnings before Interest and Taxes (EBIT)
18 25 -18 -3.62 60 116 99 90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
35 61 27 42 109 165 160 158
Valuation Ratios
- - - - - - - -
Price to Book Value (P/BV)
109.46 9.85 0.00 7.37 7.73 3.77 4.39 3.45
Price to Tangible Book Value (P/TBV)
109.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.20 1.68 1.55 2.98 1.67 0.69 0.74 0.71
Price to Earnings (P/E)
65.85 52.07 0.00 0.00 38.81 9.09 19.10 24.95
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.52% 1.92% 0.00% 0.00% 2.58% 11.00% 5.24% 4.01%
Enterprise Value to Invested Capital (EV/IC)
2.25 3.53 2.99 3.66 4.77 2.05 2.39 2.08
Enterprise Value to Revenue (EV/Rev)
3.93 2.10 2.02 3.54 1.84 1.00 0.99 0.98
Enterprise Value to EBITDA (EV/EBITDA)
27.73 11.61 31.57 26.67 12.35 5.85 7.23 7.60
Enterprise Value to EBIT (EV/EBIT)
53.74 28.34 0.00 0.00 22.32 8.31 11.68 13.40
Enterprise Value to NOPAT (EV/NOPAT)
65.09 39.94 92.89 0.00 28.36 12.77 15.50 20.12
Enterprise Value to Operating Cash Flow (EV/OCF)
29.51 15.89 19.03 0.00 12.18 8.95 8.72 9.91
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 2.79 0.00 0.00 18.85 0.00 18.06 0.00
Leverage & Solvency
- - - - - - - -
Debt to Equity
0.00 4.11 -8.37 2.68 2.24 3.08 2.75 2.31
Long-Term Debt to Equity
0.00 2.96 -7.78 2.52 2.04 2.90 2.59 2.16
Financial Leverage
0.00 0.29 33.70 6.03 1.06 1.24 1.53 1.31
Leverage Ratio
1.04 1.60 59.86 12.60 4.11 4.39 4.71 4.29
Compound Leverage Factor
0.57 0.98 107.58 60.31 3.17 3.57 3.13 2.57
Debt to Total Capital
0.00% 80.41% 113.57% 72.85% 69.13% 75.48% 73.34% 69.77%
Short-Term Debt to Total Capital
0.00% 22.49% 7.98% 4.51% 6.01% 4.27% 4.27% 4.38%
Long-Term Debt to Total Capital
0.00% 57.92% 105.59% 68.34% 63.12% 71.21% 69.07% 65.39%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
98.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.50%
Common Equity to Total Capital
1.15% 19.59% -13.57% 27.15% 30.87% 24.52% 26.66% 29.73%
Debt to EBITDA
0.00 3.86 13.11 8.17 3.25 3.33 3.42 3.79
Net Debt to EBITDA
0.00 2.34 7.45 4.25 1.14 1.78 1.78 2.01
Long-Term Debt to EBITDA
0.00 2.78 12.19 7.66 2.97 3.14 3.22 3.55
Debt to NOPAT
0.00 13.29 38.56 -19.86 7.46 7.26 7.32 10.03
Net Debt to NOPAT
0.00 8.06 21.92 -10.34 2.61 3.88 3.81 5.31
Long-Term Debt to NOPAT
0.00 9.57 35.85 -18.63 6.81 6.85 6.90 9.40
Altman Z-Score
21.33 2.44 1.75 1.93 3.42 2.54 2.79 2.54
Noncontrolling Interest Sharing Ratio
98.85% 87.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.93%
Liquidity Ratios
- - - - - - - -
Current Ratio
3.22 1.19 2.76 2.90 3.45 3.33 2.85 2.76
Quick Ratio
2.36 1.07 2.48 2.57 3.28 2.97 2.51 2.47
Cash Flow Metrics
- - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 253 -81 -34 72 -114 64 -34
Operating Cash Flow to CapEx
141.64% 200.89% 220.39% -14.61% 390.70% 238.75% 165.53% 184.87%
Free Cash Flow to Firm to Interest Expense
0.00 26.18 -71.34 0.00 62.10 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
4.08 4.60 39.93 0.00 96.14 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
1.20 2.31 21.81 0.00 71.53 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - -
Asset Turnover
0.55 0.85 1.02 0.59 1.25 1.31 1.32 1.26
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 119.09 95.03 102.51
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 1.05 0.90
Fixed Asset Turnover
0.00 0.00 4.05 2.41 4.97 5.33 4.95 4.33
Accounts Payable Turnover
0.00 0.00 19.10 0.00 0.00 0.26 0.26 0.18
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 3.06 3.84 3.56
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 347.87 406.20
Days Payable Outstanding (DPO)
0.00 0.00 19.11 0.00 0.00 1,411.00 1,387.34 2,003.80
Cash Conversion Cycle (CCC)
0.00 0.00 -19.11 0.00 0.00 -1,407.94 -1,035.63 -1,594.03
Capital & Investment Metrics
- - - - - - - -
Invested Capital
434 199 290 306 282 472 483 576
Invested Capital Turnover
0.57 1.06 1.75 1.06 2.50 2.57 2.45 2.32
Increase / (Decrease) in Invested Capital
0.00 -235 91 16 -24 190 11 94
Enterprise Value (EV)
977 705 867 1,121 1,349 967 1,155 1,201
Market Capitalization
547 563 663 942 1,225 673 871 879
Book Value per Share
$0.09 $1.02 ($0.81) $1.37 $1.68 $2.04 $2.34 $3.10
Tangible Book Value per Share
$0.09 ($1.23) ($4.61) ($0.92) ($0.41) ($1.75) ($1.21) ($1.43)
Total Capital
435 292 317 471 513 728 744 858
Total Debt
0.00 234 360 343 355 550 546 598
Total Long-Term Debt
0.00 169 335 322 324 519 514 561
Net Debt
-0.37 142 205 179 124 294 284 317
Capital Expenditures (CapEx)
23 22 21 25 28 45 80 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-0.02 -11 -15 -14 -24 -16 -27 -36
Debt-free Net Working Capital (DFNWC)
0.35 82 122 121 207 240 235 245
Net Working Capital (NWC)
0.35 16 97 100 176 209 203 208
Net Nonoperating Expense (NNE)
6.69 6.84 46 -17 16 1.64 29 24
Net Nonoperating Obligations (NNO)
-0.37 142 333 179 124 294 284 317
Total Depreciation and Amortization (D&A)
17 36 45 46 49 49 61 68
Debt-free, Cash-free Net Working Capital to Revenue
-0.01% -3.14% -3.40% -4.30% -3.25% -1.62% -2.30% -2.92%
Debt-free Net Working Capital to Revenue
0.14% 24.39% 28.42% 38.20% 28.18% 24.79% 20.05% 19.93%
Net Working Capital to Revenue
0.14% 4.81% 22.52% 31.48% 23.98% 21.58% 17.34% 16.88%
Earnings Adjustments
- - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.09) $0.00 $0.34 $0.82 $0.53 $0.42
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 61.85M 0.00 93.78M 90.63M 85.95M 83.75M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.09) $0.00 $0.33 $0.81 $0.53 $0.41
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 61.85M 0.00 94.64M 91.23M 86.80M 84.98M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 78.23M 0.00 92.77M 86.67M 83.80M 85.56M
Normalized Net Operating Profit after Tax (NOPAT)
15 18 9.34 -1.45 48 76 75 60
Normalized NOPAT Margin
6.04% 5.27% 2.18% -0.46% 6.47% 7.81% 6.37% 4.85%
Pre Tax Income Margin
4.05% 4.54% -7.36% -5.48% 6.34% 9.77% 5.62% 4.36%
Debt Service Ratios
- - - - - - - -
EBIT to Interest Expense
2.24 2.58 -15.39 0.00 52.46 0.00 0.00 0.00
NOPAT to Interest Expense
1.85 1.83 8.18 0.00 41.29 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-0.64 0.29 -33.51 0.00 27.85 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-1.03 -0.46 -9.94 0.00 16.68 0.00 0.00 0.00
Payout Ratios
- - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
1.48% 30.95% 0.00% 0.00% 28.46% 106.61% 65.94% 72.24%

Quarterly Metrics And Ratios for Accel Entertainment

This table displays calculated financial ratios and metrics derived from Accel Entertainment's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
44.59% 48.92% 28.43% 7.69% 6.83% 2.94% 5.73% 5.12% 6.88% 7.32% 8.56%
EBITDA Growth
63.87% 9.19% -9.77% -18.36% 10.85% -1.73% 12.04% -9.83% -4.86% 27.34% -7.39%
EBIT Growth
77.45% -6.31% -26.36% -30.07% 11.27% -9.65% 12.73% -24.97% -15.20% 35.81% -22.92%
NOPAT Growth
66.03% 3.08% -13.73% -8.69% 9.46% -7.04% -1.30% -27.42% -42.92% 24.33% -11.56%
Net Income Growth
96.97% -41.84% -55.56% -53.44% 19.26% -19.23% 46.11% -53.16% -47.50% 97.05% -50.21%
EPS Growth
114.29% -35.29% -54.17% -52.00% 26.67% -18.18% 54.55% -50.00% -52.63% 88.89% -52.94%
Operating Cash Flow Growth
-2.44% 72.17% 35.05% -23.97% 36.22% -24.31% 11.61% 77.73% -66.61% 55.66% -31.39%
Free Cash Flow Firm Growth
-579.58% -1,157.26% 78.76% 101.48% 106.12% 94.85% 10.43% -91.05% -884.37% -703.50% -145.91%
Invested Capital Growth
67.13% 59.22% 10.38% 3.18% 2.24% 5.06% 8.77% 2.55% 19.44% 17.17% 14.45%
Revenue Q/Q Growth
4.16% 5.44% -0.19% -1.76% 3.33% 1.60% 2.52% -2.32% 5.06% 2.01% 3.70%
EBITDA Q/Q Growth
-16.52% -4.30% 4.44% -2.14% 13.34% -15.16% 19.07% -21.24% 19.59% 13.56% -13.41%
EBIT Q/Q Growth
-25.17% -8.24% 5.45% -3.42% 19.07% -25.49% 31.58% -35.72% 34.57% 19.32% -25.32%
NOPAT Q/Q Growth
0.63% -12.77% 8.15% -3.83% 20.64% -25.91% 14.83% -29.29% -5.12% 61.36% -18.32%
Net Income Q/Q Growth
-40.27% -31.51% 8.72% 4.68% 53.00% -53.62% 96.68% -66.44% 71.48% 74.09% -50.30%
EPS Q/Q Growth
-40.00% -26.67% 0.00% 9.09% 58.33% -52.63% 88.89% -64.71% 50.00% 88.89% -52.94%
Operating Cash Flow Q/Q Growth
-19.68% 27.68% -31.91% 8.89% 43.89% -29.05% 0.40% 73.40% -72.97% 230.79% -55.75%
Free Cash Flow Firm Q/Q Growth
-4.57% 7.85% 82.72% 108.88% 332.94% -177.48% -200.67% 100.89% -38,055.95% 20.63% 7.98%
Invested Capital Q/Q Growth
0.22% -1.02% 2.94% 1.05% -0.70% 1.71% 6.57% -4.72% 15.66% -0.22% 4.09%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
99.15% 99.52% 99.26% 99.28% 99.31% 99.62% 98.98% 99.68% 99.43% 99.36% 99.74%
EBITDA Margin
14.21% 12.90% 13.50% 13.45% 14.75% 12.32% 14.30% 11.53% 13.13% 14.61% 12.20%
Operating Margin
9.02% 9.44% 9.97% 8.74% 8.57% 8.47% 7.33% 7.23% 6.55% 8.01% 8.00%
EBIT Margin
9.04% 7.87% 8.31% 8.17% 9.42% 6.91% 8.86% 5.83% 7.47% 8.74% 6.29%
Profit (Net Income) Margin
4.82% 3.13% 3.41% 3.63% 5.38% 2.46% 4.71% 1.62% 2.64% 4.51% 2.16%
Tax Burden Percent
76.45% 60.48% 62.06% 69.30% 82.51% 60.87% 78.76% 57.83% 57.64% 74.53% 58.79%
Interest Burden Percent
69.75% 65.81% 66.12% 64.18% 69.27% 58.45% 67.53% 48.01% 61.39% 69.26% 58.43%
Effective Tax Rate
23.55% 39.52% 37.94% 30.70% 17.49% 39.13% 21.24% 42.17% 42.36% 25.47% 41.21%
Return on Invested Capital (ROIC)
17.73% 16.00% 15.26% 14.57% 17.33% 12.69% 13.75% 10.28% 8.78% 14.04% 10.73%
ROIC Less NNEP Spread (ROIC-NNEP)
14.97% 12.33% 12.33% 12.16% 15.60% 9.85% 12.67% 7.61% 7.58% 12.46% 8.09%
Return on Net Nonoperating Assets (RNNOA)
18.54% 14.52% 18.84% 18.49% 23.90% 14.68% 19.31% 10.86% 9.96% 16.08% 11.07%
Return on Equity (ROE)
36.27% 30.52% 34.10% 33.06% 41.23% 27.37% 33.06% 21.14% 18.74% 30.12% 21.80%
Cash Return on Invested Capital (CROIC)
-30.18% -25.16% 6.70% 11.93% 13.40% 10.42% 6.23% 11.69% -6.45% -3.92% -2.59%
Operating Return on Assets (OROA)
11.86% 11.22% 11.19% 11.01% 12.41% 9.10% 11.69% 7.75% 9.38% 11.14% 8.03%
Return on Assets (ROA)
6.32% 4.47% 4.59% 4.90% 7.10% 3.24% 6.22% 2.15% 3.32% 5.75% 2.76%
Return on Common Equity (ROCE)
36.27% 30.52% 34.10% 33.06% 41.23% 27.37% 33.06% 21.14% 18.56% 29.85% 21.61%
Return on Equity Simple (ROE_SIMPLE)
0.00% 36.99% 29.15% 21.64% 0.00% 21.69% 23.17% 20.75% 0.00% 16.40% 0.00%
Net Operating Profit after Tax (NOPAT)
19 17 18 17 21 16 18 13 12 19 16
NOPAT Margin
6.90% 5.71% 6.19% 6.05% 7.07% 5.15% 5.77% 4.18% 3.78% 5.97% 4.70%
Net Nonoperating Expense Percent (NNEP)
2.77% 3.67% 2.93% 2.41% 1.73% 2.84% 1.08% 2.67% 1.19% 1.57% 2.63%
Return On Investment Capital (ROIC_SIMPLE)
2.63% - - - 2.82% - - - 1.40% 2.29% 1.84%
Cost of Revenue to Revenue
0.85% 0.48% 0.74% 0.72% 0.69% 0.38% 1.02% 0.32% 0.57% 0.64% 0.26%
SG&A Expenses to Revenue
16.65% 15.78% 15.14% 16.30% 16.59% 16.59% 17.41% 17.14% 18.37% 17.23% 17.56%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
90.13% 90.08% 89.30% 90.54% 90.74% 91.15% 91.65% 92.45% 92.88% 91.35% 91.74%
Earnings before Interest and Taxes (EBIT)
25 23 24 23 28 21 27 18 24 28 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
40 38 40 39 44 37 44 35 42 47 41
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.77 4.33 4.81 4.72 4.39 4.89 4.11 4.65 3.45 3.28 3.82
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.69 0.74 0.80 0.81 0.74 0.84 0.72 0.79 0.71 0.68 0.78
Price to Earnings (P/E)
9.09 11.70 16.51 21.79 19.10 22.54 17.74 22.39 24.95 19.98 28.30
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
11.00% 8.55% 6.06% 4.59% 5.24% 4.44% 5.64% 4.47% 4.01% 5.00% 3.53%
Enterprise Value to Invested Capital (EV/IC)
2.05 2.30 2.50 2.52 2.39 2.60 2.24 2.51 2.08 2.03 2.23
Enterprise Value to Revenue (EV/Rev)
1.00 1.01 1.06 1.06 0.99 1.08 0.98 1.03 0.98 0.93 1.04
Enterprise Value to EBITDA (EV/EBITDA)
5.85 6.38 7.31 7.88 7.23 8.02 7.16 7.82 7.60 6.93 8.09
Enterprise Value to EBIT (EV/EBIT)
8.31 9.35 11.31 12.75 11.68 13.21 11.76 13.34 13.40 12.00 14.70
Enterprise Value to NOPAT (EV/NOPAT)
12.77 13.76 15.80 16.99 15.50 17.35 15.97 17.89 20.12 18.37 21.86
Enterprise Value to Operating Cash Flow (EV/OCF)
8.95 8.67 9.19 10.06 8.72 10.36 9.29 8.45 9.91 8.49 10.41
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 39.07 21.45 18.06 25.57 37.51 21.75 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
3.08 2.99 2.79 2.60 2.75 2.68 2.72 2.69 2.31 2.22 2.26
Long-Term Debt to Equity
2.90 2.82 2.59 2.43 2.59 2.53 2.57 2.54 2.16 2.08 2.12
Financial Leverage
1.24 1.18 1.53 1.52 1.53 1.49 1.52 1.43 1.31 1.29 1.37
Leverage Ratio
4.39 4.28 4.63 4.50 4.71 4.65 4.56 4.49 4.29 4.22 4.23
Compound Leverage Factor
3.06 2.82 3.06 2.89 3.26 2.72 3.08 2.16 2.63 2.93 2.47
Debt to Total Capital
75.48% 74.93% 73.58% 72.26% 73.34% 72.86% 73.13% 72.93% 69.77% 68.92% 69.34%
Short-Term Debt to Total Capital
4.27% 4.29% 5.03% 4.70% 4.27% 4.20% 4.08% 4.09% 4.38% 4.42% 4.31%
Long-Term Debt to Total Capital
71.21% 70.64% 68.55% 67.56% 69.07% 68.66% 69.05% 68.83% 65.39% 64.50% 65.03%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.50% 0.50% 0.49%
Common Equity to Total Capital
24.52% 25.07% 26.42% 27.75% 26.66% 27.14% 26.87% 27.07% 29.73% 30.58% 30.18%
Debt to EBITDA
3.33 3.24 3.20 3.33 3.42 3.41 3.47 3.48 3.79 3.47 3.63
Net Debt to EBITDA
1.78 1.69 1.78 1.85 1.78 1.81 1.92 1.82 2.01 1.86 2.03
Long-Term Debt to EBITDA
3.14 3.05 2.98 3.11 3.22 3.21 3.28 3.28 3.55 3.25 3.41
Debt to NOPAT
7.26 6.99 6.92 7.18 7.32 7.37 7.75 7.96 10.03 9.21 9.81
Net Debt to NOPAT
3.88 3.65 3.85 3.98 3.81 3.92 4.28 4.17 5.31 4.92 5.47
Long-Term Debt to NOPAT
6.85 6.59 6.45 6.71 6.90 6.95 7.31 7.51 9.40 8.62 9.20
Altman Z-Score
2.19 2.39 2.59 2.64 2.53 2.61 2.50 2.55 2.34 2.35 2.46
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.93% 0.91% 0.89%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
3.33 3.22 3.03 3.07 2.85 2.83 3.05 2.71 2.76 2.42 2.64
Quick Ratio
2.97 2.89 2.62 2.64 2.51 2.45 2.55 2.29 2.47 2.18 2.36
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-170 -157 -27 2.41 10 -8.09 -24 0.22 -82 -65 -60
Operating Cash Flow to CapEx
212.61% 181.00% 132.56% 154.24% 190.17% 140.55% 166.25% 301.84% 121.24% 171.72% 77.49%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.31 1.43 1.35 1.35 1.32 1.32 1.32 1.33 1.26 1.27 1.28
Accounts Receivable Turnover
119.09 0.00 119.50 103.66 95.03 109.79 96.19 114.24 102.51 94.89 95.09
Inventory Turnover
0.00 0.00 1.13 1.17 1.05 0.97 1.14 0.92 0.90 0.98 0.67
Fixed Asset Turnover
5.33 5.57 5.32 5.09 4.95 4.74 4.67 4.59 4.33 4.22 4.23
Accounts Payable Turnover
0.26 0.26 0.32 0.36 0.26 0.22 0.29 0.25 0.18 0.18 0.16
Days Sales Outstanding (DSO)
3.06 0.00 3.05 3.52 3.84 3.32 3.79 3.19 3.56 3.85 3.84
Days Inventory Outstanding (DIO)
0.00 0.00 324.17 312.20 347.87 376.63 321.40 395.29 406.20 373.31 547.50
Days Payable Outstanding (DPO)
1,411.00 1,407.46 1,125.22 1,021.30 1,387.34 1,655.66 1,277.05 1,482.74 2,003.80 2,070.12 2,284.76
Cash Conversion Cycle (CCC)
-1,407.94 -1,407.46 -798.00 -705.58 -1,035.63 -1,275.70 -951.85 -1,084.26 -1,594.03 -1,692.97 -1,733.42
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
472 467 481 486 483 491 523 498 576 575 599
Invested Capital Turnover
2.57 2.80 2.47 2.41 2.45 2.46 2.38 2.46 2.32 2.35 2.28
Increase / (Decrease) in Invested Capital
190 174 45 15 11 24 42 12 94 84 76
Enterprise Value (EV)
967 1,074 1,200 1,225 1,155 1,277 1,173 1,252 1,201 1,165 1,334
Market Capitalization
673 790 908 937 871 988 859 960 879 849 996
Book Value per Share
$2.04 $2.11 $2.19 $2.32 $2.34 $2.41 $2.50 $2.50 $3.10 $3.03 $3.08
Tangible Book Value per Share
($1.75) ($1.46) ($1.35) ($1.19) ($1.21) ($1.10) ($1.12) ($1.10) ($1.43) ($1.26) ($1.31)
Total Capital
728 728 714 716 744 745 778 764 858 847 863
Total Debt
550 545 526 518 546 543 569 557 598 584 599
Total Long-Term Debt
519 514 490 484 514 511 537 526 561 546 561
Net Debt
294 285 292 287 284 289 314 292 317 312 334
Capital Expenditures (CapEx)
14 21 20 18 21 20 17 17 11 26 26
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-16 -23 -9.31 -6.30 -27 -23 -6.71 -30 -36 -49 -35
Debt-free Net Working Capital (DFNWC)
240 238 224 224 235 231 248 235 245 223 230
Net Working Capital (NWC)
209 206 188 190 203 200 216 204 208 186 193
Net Nonoperating Expense (NNE)
5.78 7.55 8.12 6.96 5.01 8.14 3.28 7.74 3.59 4.73 8.54
Net Nonoperating Obligations (NNO)
294 285 292 287 284 289 314 292 317 312 334
Total Depreciation and Amortization (D&A)
14 15 15 15 16 16 17 17 18 19 20
Debt-free, Cash-free Net Working Capital to Revenue
-1.62% -2.15% -0.82% -0.55% -2.30% -1.91% -0.56% -2.47% -2.92% -3.89% -2.70%
Debt-free Net Working Capital to Revenue
24.79% 22.29% 19.82% 19.46% 20.05% 19.63% 20.76% 19.43% 19.93% 17.81% 17.98%
Net Working Capital to Revenue
21.58% 19.36% 16.64% 16.54% 17.34% 16.97% 18.10% 16.85% 16.88% 14.82% 15.08%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.16 $0.11 $0.12 $0.12 $0.18 $0.09 $0.17 $0.06 $0.10 $0.17 $0.09
Adjusted Weighted Average Basic Shares Outstanding
90.63M 86.89M 86.18M 85.87M 85.95M 84.30M 83.91M 82.95M 83.75M 86.00M 85.71M
Adjusted Diluted Earnings per Share
$0.15 $0.11 $0.11 $0.12 $0.19 $0.09 $0.17 $0.06 $0.09 $0.17 $0.08
Adjusted Weighted Average Diluted Shares Outstanding
91.23M 87.13M 86.82M 87.11M 86.80M 85.30M 85.05M 84.32M 84.98M 87.22M 86.94M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
86.67M 86.01M 85.62M 84.80M 83.80M 83.75M 82.63M 82.34M 85.56M 84.64M 84.29M
Normalized Net Operating Profit after Tax (NOPAT)
19 17 18 17 21 16 18 13 12 19 16
Normalized NOPAT Margin
6.90% 5.71% 6.19% 6.05% 7.07% 5.15% 5.77% 4.18% 3.78% 5.97% 4.70%
Pre Tax Income Margin
6.31% 5.18% 5.50% 5.25% 6.52% 4.04% 5.99% 2.80% 4.59% 6.05% 3.68%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
106.61% 102.63% 98.85% 76.10% 65.94% 72.97% 68.29% 83.69% 72.24% 69.61% 77.04%

Key Financial Trends

Accel Entertainment (NYSE: ACEL) Financial Analysis - Last Four Years Overview

Accel Entertainment has demonstrated steady revenue growth and profitability, backed by solid operating cash flows and prudent balance sheet management. Below are key positive, neutral, and negative trends identified from the last sixteen quarters up to Q2 2025.

  • Consistent Revenue Growth: Revenue increased from $227.9 million in Q2 2022 to $335.9 million in Q2 2025, indicating a healthy upward trend in sales.
  • Positive Net Income Trends: Net income rose from $22.5 million in Q2 2022 to $7.3 million in Q2 2025, reflecting overall profitability despite recent quarterly fluctuations.
  • Strong Operating Cash Flow: The company generated positive net cash from operating activities each quarter, with $19.8 million in Q2 2025, signaling efficient operations and cash generation.
  • Increase in Total Assets: Total assets grew from approximately $816.6 million in Q2 2022 to $1.056 billion in Q2 2025, supporting growth and operational capability expansion.
  • Equity Growth: Total common equity increased from about $174 million in Q2 2022 to $260.5 million in Q2 2025, strengthening the company's capital base.
  • Stable Depreciation and Amortization Expenses: High amortization expense (~$214M-$236M range) reflects significant intangible assets, consistent with industry norms.
  • Fluctuating Interest Costs: Interest paid ranged between $2.8 million and $8 million quarterly over the periods, indicating variable debt servicing costs.
  • Repurchase and Issuance of Debt: The company has actively managed debt with frequent repayments and issuances, suggesting ongoing refinancing and capital structure adjustments.
  • Moderate Share Repurchases: Share repurchases occurred each quarter but within controlled limits, signaling capital return strategies balanced against growth investment.
  • High Amortization Expense Impacting Profitability: Amortization expenses are substantial, exceeding $200 million quarterly, which suppresses operating income despite strong gross profit.
  • Increasing Debt Levels: Long-term debt rose from approximately $478.6 million in Q2 2022 to $561.5 million in Q2 2025, raising concerns about leverage and interest obligations.
  • Decline in Net Income in Recent Quarters: Net income reduced significantly from $14.7 million in Q1 2025 to $7.3 million in Q2 2025, warranting monitoring for adverse trends.
  • Negative Net Change in Cash: The last two quarters show negative net change in cash ($-7.3M in Q2 2025, $-9.3M in Q1 2025), reflecting net cash outflows despite operational cash generation.
  • Increasing Current Liabilities: Total current liabilities increased from $85.9 million in Q2 2022 to $117.3 million in Q2 2025, potential pressure on liquidity.

Summary: Accel Entertainment is experiencing solid revenue expansion and operational cash flow generation. However, the company carries a significant amortization burden largely due to intangible assets, which constrains net profitability. Rising long-term debt and recent declines in net income and cash position may prompt investors to watch leverage and cash flow trends closely. Overall, the company's financial position shows stable growth fundamentals with caution warranted on leverage and profitability sustainability.

08/23/25 01:09 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Accel Entertainment's Financials

When does Accel Entertainment's financial year end?

According to the most recent income statement we have on file, Accel Entertainment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Accel Entertainment's net income changed over the last 7 years?

Accel Entertainment's net income appears to be on an upward trend, with a most recent value of $35.29 million in 2024, rising from $8.31 million in 2017. The previous period was $45.60 million in 2023. Check out Accel Entertainment's forecast to explore projected trends and price targets.

What is Accel Entertainment's operating income?
Accel Entertainment's total operating income in 2024 was $90.88 million, based on the following breakdown:
  • Total Gross Profit: $1.22 billion
  • Total Operating Expenses: $1.13 billion
How has Accel Entertainment's revenue changed over the last 7 years?

Over the last 7 years, Accel Entertainment's total revenue changed from $248.44 million in 2017 to $1.23 billion in 2024, a change of 395.5%.

How much debt does Accel Entertainment have?

Accel Entertainment's total liabilities were at $789.09 million at the end of 2024, a 10.4% increase from 2023, and a 4,860.5% increase since 2017.

How much cash does Accel Entertainment have?

In the past 7 years, Accel Entertainment's cash and equivalents has ranged from $372.07 thousand in 2017 to $281.31 million in 2024, and is currently $281.31 million as of their latest financial filing in 2024.

How has Accel Entertainment's book value per share changed over the last 7 years?

Over the last 7 years, Accel Entertainment's book value per share changed from 0.09 in 2017 to 3.10 in 2024, a change of 3,383.8%.



This page (NYSE:ACEL) was last updated on 8/23/2025 by MarketBeat.com Staff
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