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Accel Entertainment (ACEL) Financials

Accel Entertainment logo
$12.45 +0.04 (+0.31%)
Closing price 08/14/2026 03:59 PM Eastern
Extended Trading
$12.44 -0.01 (-0.10%)
As of 08/14/2026 07:34 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 Massive. 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
8.31 11 -37 -0.41 32 74 46 35 51
Consolidated Net Income / (Loss)
8.31 11 -37 -0.41 32 74 46 35 51
Net Income / (Loss) Continuing Operations
8.31 11 -37 -0.41 32 74 46 35 51
Total Pre-Tax Income
10 15 -32 -17 47 95 66 54 72
Total Operating Income
18 25 13 -25 70 97 107 91 108
Total Gross Profit
248 118 147 316 735 965 1,163 1,224 1,325
Total Revenue
248 335 429 316 735 970 1,170 1,231 1,331
Total Cost of Revenue
0.00 217 282 0.00 0.00 4.78 7.67 7.10 5.63
Operating Cost of Revenue
- 217 282 - 0.00 4.78 7.67 7.10 5.63
Total Operating Expenses
230 93 133 341 665 868 1,055 1,133 1,217
Selling, General & Admin Expense
47 57 89 77 124 155 187 214 231
Depreciation Expense
17 21 26 21 25 29 38 44 53
Amortization Expense
9.79 15 18 211 516 684 831 875 934
Total Other Income / (Expense), net
-8.11 -9.64 -45 7.35 -24 -2.09 -42 -37 -36
Interest Expense
8.11 9.64 1.14 0.00 1.15 - 0.00 0.00 1.09
Interest & Investment Income
- - -13 -14 -13 -22 -33 -36 -34
Other Income / (Expense), net
- 0.00 -31 21 -9.76 20 -8.54 -1.26 -0.57
Income Tax Expense
1.75 4.42 5.20 -17 15 21 20 18 21
Net Income / (Loss) Attributable to Noncontrolling Interest
- - - - - 0.00 0.00 0.04 -0.20
Basic Earnings per Share
$0.15 $0.19 ($0.59) $0.00 $0.34 $0.82 $0.53 $0.42 $0.61
Weighted Average Basic Shares Outstanding
56.32M 57.62M 61.85M 83.05M 93.78M 90.63M 85.95M 83.75M 85.02M
Diluted Earnings per Share
$0.14 $0.17 ($0.59) ($0.02) $0.33 $0.81 $0.53 $0.41 $0.60
Weighted Average Diluted Shares Outstanding
59.41M 62.18M 61.85M 83.11M 94.64M 91.23M 86.80M 84.98M 86.37M
Weighted Average Basic & Diluted Shares Outstanding
- 56.25M 78.23M 93.38M 92.77M 86.67M 83.80M 85.56M 81.57M

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders
16 7.42 15 4.90 8.36 15 7.32 13 16 15 12
Consolidated Net Income / (Loss)
16 7.42 15 4.90 8.39 15 7.26 13 16 15 13
Net Income / (Loss) Continuing Operations
16 7.42 15 4.90 8.39 15 7.26 13 16 15 13
Total Pre-Tax Income
19 12 19 8.46 15 20 12 18 22 20 18
Total Operating Income
25 26 23 22 21 26 27 25 30 27 32
Total Gross Profit
295 301 306 301 316 322 335 329 340 351 368
Total Revenue
297 302 309 302 318 324 336 330 341 352 368
Total Cost of Revenue
2.04 1.16 3.16 0.96 1.82 2.08 0.89 0.92 1.75 0.64 0.27
Operating Cost of Revenue
2.04 1.16 3.16 0.96 1.82 2.08 0.89 0.92 1.75 0.64 0.27
Total Operating Expenses
270 275 284 279 295 296 308 303 310 324 336
Selling, General & Admin Expense
49 50 54 52 58 56 59 58 58 62 63
Depreciation Expense
9.99 10 11 11 12 12 13 13 14 14 14
Amortization Expense
210 215 219 217 225 228 236 232 238 248 259
Total Other Income / (Expense), net
-6.07 -13 -4.16 -13 -6.23 -6.35 -15 -7.56 -7.49 -7.04 -14
Interest & Investment Income
-8.60 -8.66 -8.91 -9.17 -9.16 -8.70 -8.79 -8.64 -8.12 -8.52 -8.66
Other Income / (Expense), net
2.52 -4.72 4.74 -4.22 2.93 2.36 -5.73 2.17 0.64 1.48 -5.02
Income Tax Expense
3.39 4.77 3.93 3.57 6.17 4.99 5.09 4.49 6.08 5.38 5.87
Net Income / (Loss) Attributable to Noncontrolling Interest
- 0.00 0.00 0.00 - -0.03 -0.05 -0.06 -0.06 -0.01 0.01
Basic Earnings per Share
$0.18 $0.09 $0.17 $0.06 $0.10 $0.17 $0.09 $0.16 $0.19 $0.18 $0.15
Weighted Average Basic Shares Outstanding
85.95M 84.30M 83.91M 82.95M 83.75M 86.00M 85.71M 84.72M 85.02M 82.56M 82.04M
Diluted Earnings per Share
$0.19 $0.09 $0.17 $0.06 $0.09 $0.17 $0.08 $0.16 $0.19 $0.17 $0.15
Weighted Average Diluted Shares Outstanding
86.80M 85.30M 85.05M 84.32M 84.98M 87.22M 86.94M 86.09M 86.37M 84.09M 83.42M
Weighted Average Basic & Diluted Shares Outstanding
83.80M 83.75M 82.63M 82.34M 85.56M 84.64M 84.29M 83.21M 81.57M 81.39M 81.19M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents
-40 17 33 9.05 64 25 37 20 15
Net Cash From Operating Activities
33 44 46 -3.71 111 108 133 121 151
Net Cash From Continuing Operating Activities
23 45 46 -3.71 111 108 133 121 151
Net Income / (Loss) Continuing Operations
8.31 11 -37 -0.41 32 74 46 35 51
Consolidated Net Income / (Loss)
8.31 11 -37 -0.41 32 74 46 35 51
Depreciation Expense
17 21 26 21 25 29 38 44 53
Amortization Expense
0.28 15 19 25 24 20 23 24 27
Non-Cash Adjustments To Reconcile Net Income
-0.94 -0.93 32 -16 15 -18 12 9.85 5.46
Changes in Operating Assets and Liabilities, net
-1.51 -1.20 4.85 -33 16 3.02 14 7.72 15
Net Cash From Investing Activities
-71 -74 -152 -61 -35 -189 -60 -124 -101
Net Cash From Continuing Investing Activities
-71 -74 -152 -61 -35 -189 -60 -124 -101
Purchase of Property, Plant & Equipment
-24 -23 -21 -26 -30 -47 -82 -67 -89
Acquisitions
-48 -51 -101 -36 -6.20 -144 -12 -59 -15
Sale of Property, Plant & Equipment
0.26 1.17 0.12 0.39 1.41 2.14 1.68 0.98 1.63
Other Investing Activities, net
- 0.00 0.00 -0.30 0.00 0.00 32 0.00 1.50
Net Cash From Financing Activities
59 46 139 74 -12 107 -35 23 -35
Net Cash From Continuing Financing Activities
8.08 46 139 74 -12 107 -35 23 -35
Repayment of Debt
-12 -74 -313 -120 -56 -45 -169 -123 -671
Repurchase of Common Equity
-0.12 -3.34 0.00 0.00 -8.98 -79 -30 -25 -40
Issuance of Debt
19 124 419 49 54 240 169 175 682
Other Financing Activities, net
-0.15 -0.35 33 55 -1.18 -9.78 -4.87 -3.85 -5.73
Cash Interest Paid
6.22 8.72 12 13 9.65 20 30 33 32
Cash Income Taxes Paid
0.00 1.59 1.76 0.00 8.59 7.66 12 22 16

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents
31 -7.69 1.00 10 16 -9.37 -7.31 26 6.33 -22 -19
Net Cash From Operating Activities
41 29 29 50 14 45 20 55 31 43 20
Net Cash From Continuing Operating Activities
41 29 29 50 14 45 20 55 31 43 20
Net Income / (Loss) Continuing Operations
16 7.42 15 4.90 8.39 15 7.26 13 16 15 13
Consolidated Net Income / (Loss)
16 7.42 15 4.90 8.39 15 7.26 13 16 15 13
Depreciation Expense
9.99 10 11 11 12 12 13 13 14 14 14
Amortization Expense
5.85 5.89 6.04 6.23 6.21 6.73 6.75 6.67 6.69 7.06 7.09
Non-Cash Adjustments To Reconcile Net Income
-3.05 4.46 -2.36 6.77 0.62 -0.58 6.09 1.38 -1.43 0.50 9.70
Changes in Operating Assets and Liabilities, net
12 0.54 -0.20 21 -13 12 -13 21 -4.26 6.66 -23
Net Cash From Investing Activities
-24 -26 -43 -21 -34 -26 -34 -21 -20 -23 -24
Net Cash From Continuing Investing Activities
-24 -26 -43 -21 -34 -26 -34 -21 -20 -23 -24
Purchase of Property, Plant & Equipment
-22 -21 -18 -17 -11 -27 -26 -21 -15 -23 -11
Acquisitions
-3.08 -5.44 -26 -4.32 -23 -0.13 -9.72 - -4.91 -0.56 -14
Sale of Property, Plant & Equipment
0.22 0.18 0.15 0.36 0.30 0.69 0.48 0.28 0.17 0.35 0.73
Net Cash From Financing Activities
15 -11 16 -19 37 -28 6.66 -8.90 -4.89 -42 -14
Net Cash From Continuing Financing Activities
15 -11 16 -19 37 -28 6.66 -8.90 -4.89 -42 -14
Repayment of Debt
-16 -18 -6.88 -14 -84 -15 -49 -560 -47 -27 -7.50
Repurchase of Common Equity
-14 -6.12 -9.20 -6.15 -4.02 -10 -6.71 -6.77 -16 -12 -5.58
Other Financing Activities, net
-0.37 -1.55 -0.86 -0.96 -0.49 -2.87 -1.26 -0.89 -0.71 -2.95 -1.39
Cash Interest Paid
7.66 7.69 8.23 8.63 8.22 8.07 7.95 8.30 7.29 7.94 8.30

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 2025
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 12/31/2025
Total Assets
451 335 509 560 616 863 913 1,048 1,103
Total Current Assets
0.51 102 151 152 248 299 313 326 343
Cash & Equivalents
0.37 92 125 134 199 224 262 281 297
Accounts Receivable
- - - - 5.12 11 13 11 14
Inventories, net
- - - - 0.00 6.94 7.68 8.12 8.23
Prepaid Expenses
0.13 2.54 4.15 5.55 7.00 7.41 6.29 8.95 7.10
Current Deferred & Refundable Income Taxes
- 2.10 3.91 3.34 0.00 - - 1.63 9.12
Other Current Assets
- 5.14 7.03 8.64 5.03 18 24 16 7.82
Plant, Property, & Equipment, net
0.00 92 119 144 152 212 261 308 350
Total Noncurrent Assets
450 141 239 265 216 352 339 414 410
Goodwill
- 0.00 35 46 46 101 102 116 114
Intangible Assets
- 126 167 168 151 231 200 257 247
Other Noncurrent Operating Assets
450 15 18 17 19 20 38 41 48
Total Liabilities & Shareholders' Equity
451 335 509 560 616 863 913 1,048 1,103
Total Liabilities
16 278 424 432 458 684 714 789 830
Total Current Liabilities
0.16 86 55 52 72 90 110 118 131
Short-Term Debt
- 66 25 21 31 31 32 38 41
Accounts Payable
- 12 17 24 15 22 36 42 51
Accrued Expenses
0.16 6.06 8.44 0.00 15 24 28 25 27
Current Employee Benefit Liabilities
- - 2.40 5.85 8.89 11 13 12 9.95
Other Current Liabilities
- 1.82 1.70 1.61 2.08 1.49 1.51 2.20 2.47
Total Noncurrent Liabilities
16 192 369 380 386 594 605 671 698
Long-Term Debt
- 169 335 322 324 519 514 561 570
Noncurrent Deferred & Payable Income Tax Liabilities
- 8.90 13 0.00 2.25 37 43 47 59
Other Noncurrent Operating Liabilities
16 14 21 58 60 39 48 62 69
Redeemable Noncontrolling Interest
430 - - - - - 0.00 4.28 4.08
Total Equity & Noncontrolling Interests
5.00 57 -43 128 158 179 198 255 270
Total Preferred & Common Equity
5.00 57 -43 128 158 179 198 255 270
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
5.00 57 -43 128 158 179 198 255 270
Common Stock
5.38 80 8.36 180 188 194 203 222 229
Retained Earnings
-0.38 -17 -51 -52 -20 54 99 135 186
Treasury Stock
- -5.83 - 0.00 -8.98 -82 -112 -105 -146
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 0.09 0.00 12 7.94 4.15 0.19

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets
870 863 871 919 950 950 1,047 1,056 1,085 1,071 1,097
Total Current Assets
299 281 283 309 322 323 316 310 334 317 324
Cash & Equivalents
229 233 230 254 255 265 272 265 290 274 255
Accounts Receivable
7.74 9.71 13 14 15 7.83 13 12 8.66 14 14
Inventories, net
7.48 7.31 6.78 7.84 7.53 9.09 8.56 9.69 9.56 8.56 9.61
Prepaid Expenses
7.08 8.01 8.03 8.09 8.77 8.17 8.61 8.72 8.03 9.37 11
Current Deferred & Refundable Income Taxes
0.00 0.91 - - - - - - 7.74 3.90 27
Other Current Assets
16 22 24 26 36 33 15 15 9.40 7.82 7.39
Plant, Property, & Equipment, net
226 236 246 271 276 282 322 328 341 349 360
Total Noncurrent Assets
345 347 343 338 352 345 409 418 411 405 413
Goodwill
102 102 102 102 102 102 116 116 114 114 115
Intangible Assets
207 204 199 193 201 196 251 255 249 242 244
Other Noncurrent Operating Assets
36 41 43 44 49 47 42 47 48 48 54
Total Liabilities & Shareholders' Equity
870 863 871 919 950 950 1,047 1,056 1,085 1,071 1,097
Total Liabilities
688 675 673 717 741 743 784 792 814 795 809
Total Current Liabilities
93 93 92 109 106 119 131 117 130 117 131
Short-Term Debt
31 36 34 31 32 31 37 37 34 34 34
Accounts Payable
28 25 23 39 34 36 52 37 44 44 54
Accrued Expenses
25 23 25 28 26 39 30 27 37 27 25
Current Employee Benefit Liabilities
6.70 8.04 9.19 8.90 11 10 8.86 13 12 9.99 14
Other Current Liabilities
1.51 1.50 1.48 1.48 2.01 2.12 2.22 2.58 2.56 2.97 3.18
Total Noncurrent Liabilities
595 582 580 608 636 624 653 674 684 678 678
Long-Term Debt
514 490 484 511 537 526 546 561 565 551 543
Noncurrent Deferred & Payable Income Tax Liabilities
39 43 46 44 42 38 46 44 52 59 60
Other Noncurrent Operating Liabilities
42 49 50 53 56 60 61 69 67 68 74
Redeemable Noncontrolling Interest
- - - - - - 4.25 4.20 4.14 4.07 4.08
Total Equity & Noncontrolling Interests
182 189 199 202 209 207 259 261 267 272 284
Total Preferred & Common Equity
182 189 199 202 209 207 259 261 267 272 284
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
182 189 199 202 209 207 259 261 267 272 284
Common Stock
195 198 201 204 207 210 222 224 225 229 232
Retained Earnings
63 73 83 107 121 126 149 157 170 201 213
Treasury Stock
-86 -94 -98 -118 -128 -134 -116 -123 -129 -158 -164
Accumulated Other Comprehensive Income / (Loss)
10 12 12 9.02 7.94 3.87 3.01 2.18 1.12 0.14 2.38

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 2025
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 12/31/2025
DEI Shares Outstanding
- - - - - - - - 83,207,946.00
DEI Adjusted Shares Outstanding
- - - - - - - - 83,207,946.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - 0.62
Growth Metrics
- - - - - - - - -
Profitability Metrics
- - - - - - - - -
Net Operating Profit after Tax (NOPAT)
15 18 9.34 -17 48 76 75 60 77
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 10.40% 10.01% 6.99% 8.73%
Earnings before Interest and Taxes (EBIT)
18 25 -18 -3.62 60 116 99 90 107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
35 61 27 42 109 165 160 158 187
Valuation Ratios
- - - - - - - - -
Leverage & Solvency
- - - - - - - - -
Liquidity Ratios
- - - - - - - - -
Cash Flow Metrics
- - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 253 -81 -34 72 -114 64 -34 65
Efficiency Ratios
- - - - - - - - -
Capital & Investment Metrics
- - - - - - - - -
Invested Capital
434 199 290 306 282 472 483 576 588
Increase / (Decrease) in Invested Capital
0.00 -235 91 16 -24 190 11 94 12
Book Value per Share
$0.09 $1.02 ($0.81) $1.37 $1.68 $2.04 $2.34 $3.10 $3.24
Tangible Book Value per Share
$0.09 ($1.23) ($4.61) ($0.92) ($0.41) ($1.75) ($1.21) ($1.43) ($1.11)
Total Capital
435 292 317 471 513 728 744 858 885
Total Debt
0.00 234 360 343 355 550 546 598 611
Total Long-Term Debt
0.00 169 335 322 324 519 514 561 570
Net Debt
-0.37 142 205 179 124 294 284 317 315
Capital Expenditures (CapEx)
23 22 21 25 28 45 80 66 87
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-0.02 -11 -15 -14 -24 -16 -27 -36 -44
Debt-free Net Working Capital (DFNWC)
0.35 82 122 121 207 240 235 245 253
Net Working Capital (NWC)
0.35 16 97 100 176 209 203 208 212
Net Nonoperating Expense (NNE)
6.69 6.84 46 -17 16 1.64 29 24 26
Net Nonoperating Obligations (NNO)
-0.37 142 333 179 124 294 284 317 315
Total Depreciation and Amortization (D&A)
17 36 45 46 49 49 61 68 80
Earnings Adjustments
- - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.09) $0.00 $0.34 $0.82 $0.53 $0.42 $0.61
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 61.85M 0.00 93.78M 90.63M 85.95M 83.75M 85.02M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.09) $0.00 $0.33 $0.81 $0.53 $0.41 $0.60
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 61.85M 0.00 94.64M 91.23M 86.80M 84.98M 86.37M
Adjusted Basic & Diluted Earnings per Share
$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
0.00 0.00 78.23M 0.00 92.77M 86.67M 83.80M 85.56M 81.57M
Normalized Net Operating Profit after Tax (NOPAT)
15 18 9.34 -1.45 48 76 75 60 77
Debt Service Ratios
- - - - - - - - -
Payout Ratios
- - - - - - - - -

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding
- - - - - - - - 83,207,946.00 81,567,065.00 81,392,900.00
DEI Adjusted Shares Outstanding
- - - - - - - - 83,207,946.00 81,567,065.00 81,392,900.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - 0.19 0.18 0.15
Growth Metrics
- - - - - - - - - - -
Revenue Growth
6.83% 2.94% 5.73% 5.12% 6.88% 7.32% 8.56% 9.09% - 8.54% 9.59%
EBITDA Growth
10.85% -1.73% 12.04% -9.83% -4.86% 27.34% -7.39% 36.40% - 4.53% 17.00%
EBIT Growth
11.27% -9.65% 12.73% -24.97% -15.20% 35.81% -22.92% 56.17% - 0.88% 27.89%
NOPAT Growth
9.46% -7.04% -1.30% -27.42% -42.92% 24.33% -11.56% 50.07% - 2.44% 38.05%
Net Income Growth
19.26% -19.23% 46.11% -53.16% -47.50% 97.05% -50.21% 171.81% - 0.34% 72.23%
EPS Growth
26.67% -18.18% 54.55% -50.00% -52.63% 88.89% -52.94% 166.67% - 0.00% 87.50%
Operating Cash Flow Growth
36.22% -24.31% 11.61% 77.73% -66.61% 55.66% -31.39% 10.36% - -4.49% 0.80%
Free Cash Flow Firm Growth
106.12% 94.85% 10.43% -91.05% -884.37% -703.50% -145.91% -28,998.71% - 113.22% 117.57%
Invested Capital Growth
2.24% 5.06% 8.77% 2.55% 19.44% 17.17% 14.45% 16.31% - 1.95% 1.89%
Revenue Q/Q Growth
3.33% 1.60% 2.52% -2.32% 5.06% 2.01% 3.70% -1.85% - 2.96% 4.71%
EBITDA Q/Q Growth
13.34% -15.16% 19.07% -21.24% 19.59% 13.56% -13.41% 16.00% - -2.95% -3.08%
EBIT Q/Q Growth
19.07% -25.49% 31.58% -35.72% 34.57% 19.32% -25.32% 30.23% - -5.76% -5.33%
NOPAT Q/Q Growth
20.64% -25.91% 14.83% -29.29% -5.12% 61.36% -18.32% 20.00% - -7.95% 10.08%
Net Income Q/Q Growth
53.00% -53.62% 96.68% -66.44% 71.48% 74.09% -50.30% 83.21% - -8.88% -14.70%
EPS Q/Q Growth
58.33% -52.63% 88.89% -64.71% 50.00% 88.89% -52.94% 100.00% - -10.53% -11.76%
Operating Cash Flow Q/Q Growth
43.89% -29.05% 0.40% 73.40% -72.97% 230.79% -55.75% 178.91% - 37.53% -53.29%
Free Cash Flow Firm Q/Q Growth
332.94% -177.48% -200.67% 100.89% -38,055.95% 20.63% 7.98% -4.25% - -9.83% 22.28%
Invested Capital Q/Q Growth
-0.70% 1.71% 6.57% -4.72% 15.66% -0.22% 4.09% -3.18% - -0.35% 4.03%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
99.31% 99.62% 98.98% 99.68% 99.43% 99.36% 99.74% 99.72% - 99.82% 99.93%
EBITDA Margin
14.75% 12.32% 14.30% 11.53% 13.13% 14.61% 12.20% 14.42% - 14.07% 13.03%
Operating Margin
8.57% 8.47% 7.33% 7.23% 6.55% 8.01% 8.00% 7.69% - 7.70% 8.71%
EBIT Margin
9.42% 6.91% 8.86% 5.83% 7.47% 8.74% 6.29% 8.35% - 8.12% 7.34%
Profit (Net Income) Margin
5.38% 2.46% 4.71% 1.62% 2.64% 4.51% 2.16% 4.04% - 4.17% 3.40%
Tax Burden Percent
82.51% 60.87% 78.76% 57.83% 57.64% 74.53% 58.79% 74.76% - 73.17% 68.05%
Interest Burden Percent
69.27% 58.45% 67.53% 48.01% 61.39% 69.26% 58.43% 64.64% - 70.17% 67.98%
Effective Tax Rate
17.49% 39.13% 21.24% 42.17% 42.36% 25.47% 41.21% 25.24% - 26.83% 31.95%
Return on Invested Capital (ROIC)
17.33% 12.69% 13.75% 10.28% 8.78% 14.04% 10.73% 13.94% - 13.18% 13.63%
ROIC Less NNEP Spread (ROIC-NNEP)
15.60% 9.85% 12.67% 7.61% 7.58% 12.46% 8.09% 12.06% - 11.53% 10.80%
Return on Net Nonoperating Assets (RNNOA)
23.90% 14.68% 19.31% 10.86% 9.96% 16.08% 11.07% 15.14% - 13.29% 12.82%
Return on Equity (ROE)
41.23% 27.37% 33.06% 21.14% 18.74% 30.12% 21.80% 29.08% - 26.47% 26.45%
Cash Return on Invested Capital (CROIC)
13.40% 10.42% 6.23% 11.69% -6.45% -3.92% -2.59% -2.64% - 11.37% 11.76%
Operating Return on Assets (OROA)
12.41% 9.10% 11.69% 7.75% 9.38% 11.14% 8.03% 10.72% - 10.42% 9.49%
Return on Assets (ROA)
7.10% 3.24% 6.22% 2.15% 3.32% 5.75% 2.76% 5.18% - 5.35% 4.39%
Return on Common Equity (ROCE)
41.23% 27.37% 33.06% 21.14% 18.56% 29.85% 21.61% 28.83% - 26.06% 26.06%
Return on Equity Simple (ROE_SIMPLE)
0.00% 21.69% 23.17% 20.75% 0.00% 16.40% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
21 16 18 13 12 19 16 19 22 20 22
NOPAT Margin
7.07% 5.15% 5.77% 4.18% 3.78% 5.97% 4.70% 5.75% - 5.64% 5.93%
Net Nonoperating Expense Percent (NNEP)
1.73% 2.84% 1.08% 2.67% 1.19% 1.57% 2.63% 1.88% - 1.66% 2.84%
Return On Investment Capital (ROIC_SIMPLE)
2.82% - - - 1.40% 2.29% 1.84% 2.19% 2.44% 2.31% 2.53%
Cost of Revenue to Revenue
0.69% 0.38% 1.02% 0.32% 0.57% 0.64% 0.26% 0.28% - 0.18% 0.07%
SG&A Expenses to Revenue
16.59% 16.59% 17.41% 17.14% 18.37% 17.23% 17.56% 17.65% - 17.51% 16.99%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue
90.74% 91.15% 91.65% 92.45% 92.88% 91.35% 91.74% 92.03% - 92.12% 91.22%
Earnings before Interest and Taxes (EBIT)
28 21 27 18 24 28 21 28 30 29 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
44 37 44 35 42 47 41 48 51 49 48
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
4.39 4.89 4.11 4.65 3.45 3.28 3.82 3.49 - 3.27 3.62
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
Price to Revenue (P/Rev)
0.74 0.84 0.72 0.79 0.71 0.68 0.78 0.71 - 0.66 0.74
Price to Earnings (P/E)
19.10 22.54 17.74 22.39 24.95 19.98 28.30 21.37 - 17.28 18.11
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield
5.24% 4.44% 5.64% 4.47% 4.01% 5.00% 3.53% 4.68% - 5.79% 5.52%
Enterprise Value to Invested Capital (EV/IC)
2.39 2.60 2.24 2.51 2.08 2.03 2.23 2.15 - 2.05 2.22
Enterprise Value to Revenue (EV/Rev)
0.99 1.08 0.98 1.03 0.98 0.93 1.04 0.95 - 0.89 0.97
Enterprise Value to EBITDA (EV/EBITDA)
7.23 8.02 7.16 7.82 7.60 6.93 8.09 7.02 - 6.37 6.90
Enterprise Value to EBIT (EV/EBIT)
11.68 13.21 11.76 13.34 13.40 12.00 14.70 12.37 - 11.20 11.93
Enterprise Value to NOPAT (EV/NOPAT)
15.50 17.35 15.97 17.89 20.12 18.37 21.86 18.58 - 15.58 16.42
Enterprise Value to Operating Cash Flow (EV/OCF)
8.72 10.36 9.29 8.45 9.91 8.49 10.41 9.34 - 8.09 9.08
Enterprise Value to Free Cash Flow (EV/FCFF)
18.06 25.57 37.51 21.75 0.00 0.00 0.00 0.00 - 18.23 19.03
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
2.75 2.68 2.72 2.69 2.31 2.22 2.26 2.21 - 2.11 2.01
Long-Term Debt to Equity
2.59 2.53 2.57 2.54 2.16 2.08 2.12 2.08 - 1.99 1.89
Financial Leverage
1.53 1.49 1.52 1.43 1.31 1.29 1.37 1.26 - 1.15 1.19
Leverage Ratio
4.71 4.65 4.56 4.49 4.29 4.22 4.23 4.26 - 3.93 3.90
Compound Leverage Factor
3.26 2.72 3.08 2.16 2.63 2.93 2.47 2.75 - 2.75 2.65
Debt to Total Capital
73.34% 72.86% 73.13% 72.93% 69.77% 68.92% 69.34% 68.82% - 67.89% 66.73%
Short-Term Debt to Total Capital
4.27% 4.20% 4.08% 4.09% 4.38% 4.42% 4.31% 3.87% - 3.91% 3.96%
Long-Term Debt to Total Capital
69.07% 68.66% 69.05% 68.83% 65.39% 64.50% 65.03% 64.95% - 63.98% 62.77%
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%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.50% 0.50% 0.49% 0.48% - 0.47% 0.47%
Common Equity to Total Capital
26.66% 27.14% 26.87% 27.07% 29.73% 30.58% 30.18% 30.70% - 31.64% 32.80%
Debt to EBITDA
3.42 3.41 3.47 3.48 3.79 3.47 3.63 3.37 - 3.09 2.95
Net Debt to EBITDA
1.78 1.81 1.92 1.82 2.01 1.86 2.03 1.74 - 1.64 1.64
Long-Term Debt to EBITDA
3.22 3.21 3.28 3.28 3.55 3.25 3.41 3.18 - 2.91 2.77
Debt to NOPAT
7.32 7.37 7.75 7.96 10.03 9.21 9.81 8.93 - 7.56 7.01
Net Debt to NOPAT
3.81 3.92 4.28 4.17 5.31 4.92 5.47 4.60 - 4.01 3.91
Long-Term Debt to NOPAT
6.90 6.95 7.31 7.51 9.40 8.62 9.20 8.43 - 7.12 6.60
Altman Z-Score
2.53 2.61 2.50 2.55 2.34 2.35 2.46 2.42 - 2.51 2.59
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.93% 0.91% 0.89% 0.87% - 1.54% 1.50%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.85 2.83 3.05 2.71 2.76 2.42 2.64 2.57 - 2.71 2.47
Quick Ratio
2.51 2.45 2.55 2.29 2.47 2.18 2.36 2.30 - 2.46 2.05
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
10 -8.09 -24 0.22 -82 -65 -60 -62 9.52 8.59 11
Operating Cash Flow to CapEx
190.17% 140.55% 166.25% 301.84% 121.24% 171.72% 77.49% 266.41% - 189.87% 192.50%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 -57.18 - 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.68 - 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 31.66 - 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.32 1.32 1.32 1.33 1.26 1.27 1.28 1.28 - 1.28 1.29
Accounts Receivable Turnover
95.03 109.79 96.19 114.24 102.51 94.89 95.09 158.56 - 103.45 108.58
Inventory Turnover
1.05 0.97 1.14 0.92 0.90 0.98 0.67 0.61 - 0.49 0.37
Fixed Asset Turnover
4.95 4.74 4.67 4.59 4.33 4.22 4.23 4.20 - 4.05 4.04
Accounts Payable Turnover
0.26 0.22 0.29 0.25 0.18 0.18 0.16 0.14 - 0.09 0.08
Days Sales Outstanding (DSO)
3.84 3.32 3.79 3.19 3.56 3.85 3.84 2.30 - 3.53 3.36
Days Inventory Outstanding (DIO)
347.87 376.63 321.40 395.29 406.20 373.31 547.50 597.52 - 746.26 986.95
Days Payable Outstanding (DPO)
1,387.34 1,655.66 1,277.05 1,482.74 2,003.80 2,070.12 2,284.76 2,588.78 - 4,157.88 4,663.70
Cash Conversion Cycle (CCC)
-1,035.63 -1,275.70 -951.85 -1,084.26 -1,594.03 -1,692.97 -1,733.42 -1,988.95 - -3,408.09 -3,673.38
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
483 491 523 498 576 575 599 580 588 586 610
Invested Capital Turnover
2.45 2.46 2.38 2.46 2.32 2.35 2.28 2.42 - 2.34 2.30
Increase / (Decrease) in Invested Capital
11 24 42 12 94 84 76 81 12 11 11
Enterprise Value (EV)
1,155 1,277 1,173 1,252 1,201 1,165 1,334 1,246 - 1,204 1,353
Market Capitalization
871 988 859 960 879 849 996 933 - 890 1,026
Book Value per Share
$2.34 $2.41 $2.50 $2.50 $3.10 $3.03 $3.08 $3.17 $3.24 $3.34 $3.49
Tangible Book Value per Share
($1.21) ($1.10) ($1.12) ($1.10) ($1.43) ($1.26) ($1.31) ($1.14) ($1.11) ($1.03) ($0.92)
Total Capital
744 745 778 764 858 847 863 870 885 861 866
Total Debt
546 543 569 557 598 584 599 599 611 584 578
Total Long-Term Debt
514 511 537 526 561 546 561 565 570 551 543
Net Debt
284 289 314 292 317 312 334 308 315 310 322
Capital Expenditures (CapEx)
21 20 17 17 11 26 26 21 15 23 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-27 -23 -6.71 -30 -36 -49 -35 -53 -44 -40 -28
Debt-free Net Working Capital (DFNWC)
235 231 248 235 245 223 230 238 253 234 227
Net Working Capital (NWC)
203 200 216 204 208 186 193 204 212 200 193
Net Nonoperating Expense (NNE)
5.01 8.14 3.28 7.74 3.59 4.73 8.54 5.65 5.43 5.15 9.31
Net Nonoperating Obligations (NNO)
284 289 314 292 317 312 334 308 315 310 322
Total Depreciation and Amortization (D&A)
16 16 17 17 18 19 20 20 21 21 21
Debt-free, Cash-free Net Working Capital to Revenue
-2.30% -1.91% -0.56% -2.47% -2.92% -3.89% -2.70% -4.03% - -2.97% -2.01%
Debt-free Net Working Capital to Revenue
20.05% 19.63% 20.76% 19.43% 19.93% 17.81% 17.98% 18.18% - 17.21% 16.35%
Net Working Capital to Revenue
17.34% 16.97% 18.10% 16.85% 16.88% 14.82% 15.08% 15.60% - 14.73% 13.89%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.18 $0.09 $0.17 $0.06 $0.10 $0.17 $0.09 $0.16 $0.19 $0.18 $0.15
Adjusted Weighted Average Basic Shares Outstanding
85.95M 84.30M 83.91M 82.95M 83.75M 86.00M 85.71M 84.72M 85.02M 82.56M 82.04M
Adjusted Diluted Earnings per Share
$0.19 $0.09 $0.17 $0.06 $0.09 $0.17 $0.08 $0.16 $0.19 $0.17 $0.15
Adjusted Weighted Average Diluted Shares Outstanding
86.80M 85.30M 85.05M 84.32M 84.98M 87.22M 86.94M 86.09M 86.37M 84.09M 83.42M
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
83.80M 83.75M 82.63M 82.34M 85.56M 84.64M 84.29M 83.21M 81.57M 81.39M 81.19M
Normalized Net Operating Profit after Tax (NOPAT)
21 16 18 13 12 19 16 19 22 20 22
Normalized NOPAT Margin
7.07% 5.15% 5.77% 4.18% 3.78% 5.97% 4.70% 5.75% - 5.64% 5.93%
Pre Tax Income Margin
6.52% 4.04% 5.99% 2.80% 4.59% 6.05% 3.68% 5.40% - 5.70% 4.99%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.26 - 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.39 - 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.24 - 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.63 - 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%
Augmented Payout Ratio
65.94% 72.97% 68.29% 83.69% 72.24% 69.61% 77.04% 63.57% - 81.46% 71.90%

Financials Breakdown Chart

Key Financial Trends

Accel Entertainment’s latest quarter shows a mixed but generally healthy operating picture. In Q1 2026, revenue grew modestly year over year, profitability remained solid, and operating cash flow was strong. At the same time, the company continued to spend heavily on capital investments and carried a meaningful debt load, which are the main balance sheet considerations for investors.

  • Revenue kept growing: Q1 2026 revenue rose to $351.6 million from $323.9 million in Q1 2025, showing steady top-line expansion.
  • Net income improved year over year: Q1 2026 net income of $14.7 million was slightly above $14.6 million in Q1 2025.
  • Operating cash flow was strong: The company generated $42.7 million in operating cash flow in Q1 2026, up from $44.8 million a year earlier, still a healthy level of cash generation.
  • Cash balance remained large: Cash and equivalents were $274.1 million at the end of Q1 2026, giving the company liquidity and flexibility.
  • Equity increased over the past year: Total common equity rose to $272.3 million from $259.1 million in Q1 2025, supported by earnings retention.
  • Revenue growth was not rapid: Year-over-year revenue growth in Q1 2026 was about 8.5%, which is respectable but not a breakout growth rate.
  • Capital spending remains elevated: The company spent $22.9 million on property, plant and equipment in Q1 2026, continuing a pattern of heavy reinvestment.
  • Acquisition activity continues: ACEL spent $557 thousand on acquisitions in Q1 2026, suggesting ongoing expansion efforts, though not at a large scale this quarter.
  • Debt remains substantial: Long-term debt was $550.6 million and short-term debt was $33.6 million, which keeps leverage meaningful.
  • Interest burden is material: Cash interest paid was $7.9 million in Q1 2026, which continues to weigh on earnings and cash flow.

Looking at the multi-year trend, Accel Entertainment has generally grown revenue and held profitability fairly steady. Quarterly revenue has moved from roughly $293 million in Q1 2023 to $352 million in Q1 2026, while quarterly net income has typically landed in the mid-teens to low-$20 millions, depending on the quarter. That suggests a business with consistent demand and decent earnings power.

The cash flow trend is one of the more encouraging parts of the story. Operating cash flow has stayed positive across the period and often runs well above reported net income, helped by depreciation and amortization. That said, investing cash flows have been persistently negative because the company keeps spending on equipment and acquisitions, so free cash generation depends heavily on maintaining strong operations.

The balance sheet is workable but levered. Total assets were $1.07 billion in Q1 2026, with liabilities of $794.9 million and equity of $272.3 million. Cash is strong, but debt levels are still high enough that investors should watch leverage, refinancing needs, and interest expense closely.

Bottom line: Accel Entertainment looks like a company with steady revenue growth, decent profitability, and good operating cash flow, but investors should balance that against ongoing capital needs and a leveraged balance sheet.

08/16/26 03:05 AM ETAI Generated. May Contain Errors.

Accel Entertainment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Accel Entertainment's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Accel Entertainment's net income appears to be on an upward trend, with a most recent value of $51.27 million in 2025, rising from $8.31 million in 2017. The previous period was $35.29 million in 2024. View Accel Entertainment's forecast to see where analysts expect Accel Entertainment to go next.

Accel Entertainment's total operating income in 2025 was $107.85 million, based on the following breakdown:
  • Total Gross Profit: $1.33 billion
  • Total Operating Expenses: $1.22 billion

Over the last 8 years, Accel Entertainment's total revenue changed from $248.44 million in 2017 to $1.33 billion in 2025, a change of 435.7%.

Accel Entertainment's total liabilities were at $829.63 million at the end of 2025, a 5.1% increase from 2024, and a 5,115.4% increase since 2017.

In the past 8 years, Accel Entertainment's cash and equivalents has ranged from $372.07 thousand in 2017 to $296.57 million in 2025, and is currently $296.57 million as of their latest financial filing in 2025.

Over the last 8 years, Accel Entertainment's book value per share changed from 0.09 in 2017 to 3.24 in 2025, a change of 3,545.8%.



Financial statements for NYSE:ACEL last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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