Accel Entertainment (ACEL) Financials

$11.36 -1.11 (-8.91%)

Closing price 05/6/2026 03:59 PM Eastern

Extended Trading

$11.42 +0.06 (+0.53%)

As of 07:02 AM Eastern

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	10	16	7.42	15	4.90	8.36	15	7.32	13	16	15
Consolidated Net Income / (Loss)	10	16	7.42	15	4.90	8.39	15	7.26	13	16	15
Net Income / (Loss) Continuing Operations	10	16	7.42	15	4.90	8.39	15	7.26	13	16	15
Total Pre-Tax Income	15	19	12	19	8.46	15	20	12	18	22	20
Total Operating Income	25	25	26	23	22	21	26	27	25	30	27
Total Gross Profit	285	295	301	306	301	316	322	335	329	340	351
Total Revenue	287	297	302	309	302	318	324	336	330	341	352
Total Cost of Revenue	2.07	2.04	1.16	3.16	0.96	1.82	2.08	0.89	0.92	1.75	0.64
Operating Cost of Revenue	2.07	2.04	1.16	3.16	0.96	1.82	2.08	0.89	0.92	1.75	0.64
Total Operating Expenses	260	270	275	284	279	295	296	308	303	310	324
Selling, General & Admin Expense	47	49	50	54	52	58	56	59	58	58	62
Depreciation Expense	9.41	9.99	10	11	11	12	12	13	13	14	14
Amortization Expense	204	210	215	219	217	225	228	236	232	238	248
Total Other Income / (Expense), net	-10	-6.07	-13	-4.16	-13	-6.23	-6.35	-15	-7.56	-7.49	-7.04
Interest & Investment Income	-8.42	-8.60	-8.66	-8.91	-9.17	-9.16	-8.70	-8.79	-8.64	-8.12	-8.52
Other Income / (Expense), net	-1.63	2.52	-4.72	4.74	-4.22	2.93	2.36	-5.73	2.17	0.64	1.48
Income Tax Expense	4.63	3.39	4.77	3.93	3.57	6.17	4.99	5.09	4.49	6.08	5.38
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.00	-	-0.03	-0.05	-0.06	-0.06	-0.01
Basic Earnings per Share	$0.12	$0.18	$0.09	$0.17	$0.06	$0.10	$0.17	$0.09	$0.16	$0.19	$0.18
Weighted Average Basic Shares Outstanding	85.87M	85.95M	84.30M	83.91M	82.95M	83.75M	86.00M	85.71M	84.72M	85.02M	82.56M
Diluted Earnings per Share	$0.12	$0.19	$0.09	$0.17	$0.06	$0.09	$0.17	$0.08	$0.16	$0.19	$0.17
Weighted Average Diluted Shares Outstanding	87.11M	86.80M	85.30M	85.05M	84.32M	84.98M	87.22M	86.94M	86.09M	86.37M	84.09M
Weighted Average Basic & Diluted Shares Outstanding	84.80M	83.80M	83.75M	82.63M	82.34M	85.56M	84.64M	84.29M	83.21M	81.57M	81.39M

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-3.05	31	-7.69	1.00	10	16	-9.37	-7.31	26	6.33	-22
Net Cash From Operating Activities	28	41	29	29	50	14	45	20	55	31	43
Net Cash From Continuing Operating Activities	28	41	29	29	50	14	45	20	55	31	43
Net Income / (Loss) Continuing Operations	10	16	7.42	15	4.90	8.39	15	7.26	13	16	15
Consolidated Net Income / (Loss)	10	16	7.42	15	4.90	8.39	15	7.26	13	16	15
Depreciation Expense	9.41	9.99	10	11	11	12	12	13	13	14	14
Amortization Expense	5.76	5.85	5.89	6.04	6.23	6.21	6.73	6.75	6.67	6.69	7.06
Non-Cash Adjustments To Reconcile Net Income	3.29	-3.05	4.46	-2.36	6.77	0.62	-0.58	6.09	1.38	-1.43	0.50
Changes in Operating Assets and Liabilities, net	-0.74	12	0.54	-0.20	21	-13	12	-13	21	-4.26	6.66
Net Cash From Investing Activities	-19	-24	-26	-43	-21	-34	-26	-34	-21	-20	-23
Net Cash From Continuing Investing Activities	-19	-24	-26	-43	-21	-34	-26	-34	-21	-20	-23
Purchase of Property, Plant & Equipment	-19	-22	-21	-18	-17	-11	-27	-26	-21	-15	-23
Acquisitions	-0.90	-3.08	-5.44	-26	-4.32	-23	-0.13	-9.72	-	-4.91	-0.56
Sale of Property, Plant & Equipment	0.32	0.22	0.18	0.15	0.36	0.30	0.69	0.48	0.28	0.17	0.35
Net Cash From Financing Activities	-12	15	-11	16	-19	37	-28	6.66	-8.90	-4.89	-42
Net Cash From Continuing Financing Activities	-12	15	-11	16	-19	37	-28	6.66	-8.90	-4.89	-42
Repayment of Debt	-14	-16	-18	-6.88	-14	-84	-15	-49	-560	-47	-27
Repurchase of Common Equity	-3.34	-14	-6.12	-9.20	-6.15	-4.02	-10	-6.71	-6.77	-16	-12
Other Financing Activities, net	-2.78	-0.37	-1.55	-0.86	-0.96	-0.49	-2.87	-1.26	-0.89	-0.71	-2.95
Cash Interest Paid	7.55	7.66	7.69	8.23	8.63	8.22	8.07	7.95	8.30	7.29	7.94

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	838	870	863	871	919	950	950	1,047	1,056	1,085	1,071
Total Current Assets	284	299	281	283	309	322	323	316	310	334	317
Cash & Equivalents	212	229	233	230	254	255	265	272	265	290	274
Accounts Receivable	8.85	7.74	9.71	13	14	15	7.83	13	12	8.66	14
Inventories, net	6.87	7.48	7.31	6.78	7.84	7.53	9.09	8.56	9.69	9.56	8.56
Prepaid Expenses	7.83	7.08	8.01	8.03	8.09	8.77	8.17	8.61	8.72	8.03	9.37
Current Deferred & Refundable Income Taxes	1.50	0.00	0.91	-	-	-	-	-	-	7.74	3.90
Other Current Assets	15	16	22	24	26	36	33	15	15	9.40	7.82
Plant, Property, & Equipment, net	207	226	236	246	271	276	282	322	328	341	349
Total Noncurrent Assets	348	345	347	343	338	352	345	409	418	411	405
Goodwill	99	102	102	102	102	102	102	116	116	114	114
Intangible Assets	213	207	204	199	193	201	196	251	255	249	242
Other Noncurrent Operating Assets	35	36	41	43	44	49	47	42	47	48	48
Total Liabilities & Shareholders' Equity	838	870	863	871	919	950	950	1,047	1,056	1,085	1,071
Total Liabilities	657	688	675	673	717	741	743	784	792	814	795
Total Current Liabilities	93	93	93	92	109	106	119	131	117	130	117
Short-Term Debt	36	31	36	34	31	32	31	37	37	34	34
Accounts Payable	22	28	25	23	39	34	36	52	37	44	44
Accrued Expenses	21	25	23	25	28	26	39	30	27	37	27
Current Employee Benefit Liabilities	10	6.70	8.04	9.19	8.90	11	10	8.86	13	12	9.99
Other Current Liabilities	3.04	1.51	1.50	1.48	1.48	2.01	2.12	2.22	2.58	2.56	2.97
Total Noncurrent Liabilities	565	595	582	580	608	636	624	653	674	684	678
Long-Term Debt	498	514	490	484	511	537	526	546	561	565	551
Noncurrent Deferred & Payable Income Tax Liabilities	35	39	43	46	44	42	38	46	44	52	59
Other Noncurrent Operating Liabilities	32	42	49	50	53	56	60	61	69	67	68
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	4.25	4.20	4.14	4.07
Total Equity & Noncontrolling Interests	181	182	189	199	202	209	207	259	261	267	272
Total Preferred & Common Equity	181	182	189	199	202	209	207	259	261	267	272
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	181	182	189	199	202	209	207	259	261	267	272
Common Stock	192	195	198	201	204	207	210	222	224	225	229
Retained Earnings	40	63	73	83	107	121	126	149	157	170	201
Treasury Stock	-65	-86	-94	-98	-118	-128	-134	-116	-123	-129	-158
Accumulated Other Comprehensive Income / (Loss)	13	10	12	12	9.02	7.94	3.87	3.01	2.18	1.12	0.14

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	-	-	-	-	-	-	-	-	-

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	83,207,946.00	81,567,065.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	83,207,946.00	81,567,065.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.19	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.69%	6.83%	2.94%	5.73%	5.12%	6.88%	7.32%	8.56%	9.09%	-	8.54%
EBITDA Growth	-18.36%	10.85%	-1.73%	12.04%	-9.83%	-4.86%	27.34%	-7.39%	36.40%	-	4.53%
EBIT Growth	-30.07%	11.27%	-9.65%	12.73%	-24.97%	-15.20%	35.81%	-22.92%	56.17%	-	0.88%
NOPAT Growth	-8.69%	9.46%	-7.04%	-1.30%	-27.42%	-42.92%	24.33%	-11.56%	50.07%	-	2.44%
Net Income Growth	-53.44%	19.26%	-19.23%	46.11%	-53.16%	-47.50%	97.05%	-50.21%	171.81%	-	0.34%
EPS Growth	-52.00%	26.67%	-18.18%	54.55%	-50.00%	-52.63%	88.89%	-52.94%	166.67%	-	0.00%
Operating Cash Flow Growth	-23.97%	36.22%	-24.31%	11.61%	77.73%	-66.61%	55.66%	-31.39%	10.36%	-	-4.49%
Free Cash Flow Firm Growth	101.48%	106.12%	94.85%	10.43%	-91.05%	-884.37%	-703.50%	-145.91%	-28,998.71%	-	113.22%
Invested Capital Growth	3.18%	2.24%	5.06%	8.77%	2.55%	19.44%	17.17%	14.45%	16.31%	-	1.95%
Revenue Q/Q Growth	-1.76%	3.33%	1.60%	2.52%	-2.32%	5.06%	2.01%	3.70%	-1.85%	-	2.96%
EBITDA Q/Q Growth	-2.14%	13.34%	-15.16%	19.07%	-21.24%	19.59%	13.56%	-13.41%	16.00%	-	-2.95%
EBIT Q/Q Growth	-3.42%	19.07%	-25.49%	31.58%	-35.72%	34.57%	19.32%	-25.32%	30.23%	-	-5.76%
NOPAT Q/Q Growth	-3.83%	20.64%	-25.91%	14.83%	-29.29%	-5.12%	61.36%	-18.32%	20.00%	-	-7.95%
Net Income Q/Q Growth	4.68%	53.00%	-53.62%	96.68%	-66.44%	71.48%	74.09%	-50.30%	83.21%	-	-8.88%
EPS Q/Q Growth	9.09%	58.33%	-52.63%	88.89%	-64.71%	50.00%	88.89%	-52.94%	100.00%	-	-10.53%
Operating Cash Flow Q/Q Growth	8.89%	43.89%	-29.05%	0.40%	73.40%	-72.97%	230.79%	-55.75%	178.91%	-	37.53%
Free Cash Flow Firm Q/Q Growth	108.88%	332.94%	-177.48%	-200.67%	100.89%	-38,055.95%	20.63%	7.98%	-4.25%	-	-9.83%
Invested Capital Q/Q Growth	1.05%	-0.70%	1.71%	6.57%	-4.72%	15.66%	-0.22%	4.09%	-3.18%	-	-0.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	99.28%	99.31%	99.62%	98.98%	99.68%	99.43%	99.36%	99.74%	99.72%	-	99.82%
EBITDA Margin	13.45%	14.75%	12.32%	14.30%	11.53%	13.13%	14.61%	12.20%	14.42%	-	14.07%
Operating Margin	8.74%	8.57%	8.47%	7.33%	7.23%	6.55%	8.01%	8.00%	7.69%	-	7.70%
EBIT Margin	8.17%	9.42%	6.91%	8.86%	5.83%	7.47%	8.74%	6.29%	8.35%	-	8.12%
Profit (Net Income) Margin	3.63%	5.38%	2.46%	4.71%	1.62%	2.64%	4.51%	2.16%	4.04%	-	4.17%
Tax Burden Percent	69.30%	82.51%	60.87%	78.76%	57.83%	57.64%	74.53%	58.79%	74.76%	-	73.17%
Interest Burden Percent	64.18%	69.27%	58.45%	67.53%	48.01%	61.39%	69.26%	58.43%	64.64%	-	70.17%
Effective Tax Rate	30.70%	17.49%	39.13%	21.24%	42.17%	42.36%	25.47%	41.21%	25.24%	-	26.83%
Return on Invested Capital (ROIC)	14.57%	17.33%	12.69%	13.75%	10.28%	8.78%	14.04%	10.73%	13.94%	-	13.18%
ROIC Less NNEP Spread (ROIC-NNEP)	12.16%	15.60%	9.85%	12.67%	7.61%	7.58%	12.46%	8.09%	12.06%	-	11.53%
Return on Net Nonoperating Assets (RNNOA)	18.49%	23.90%	14.68%	19.31%	10.86%	9.96%	16.08%	11.07%	15.14%	-	13.29%
Return on Equity (ROE)	33.06%	41.23%	27.37%	33.06%	21.14%	18.74%	30.12%	21.80%	29.08%	-	26.47%
Cash Return on Invested Capital (CROIC)	11.93%	13.40%	10.42%	6.23%	11.69%	-6.45%	-3.92%	-2.59%	-2.64%	-	11.37%
Operating Return on Assets (OROA)	11.01%	12.41%	9.10%	11.69%	7.75%	9.38%	11.14%	8.03%	10.72%	-	10.42%
Return on Assets (ROA)	4.90%	7.10%	3.24%	6.22%	2.15%	3.32%	5.75%	2.76%	5.18%	-	5.35%
Return on Common Equity (ROCE)	33.06%	41.23%	27.37%	33.06%	21.14%	18.56%	29.85%	21.61%	28.83%	-	26.06%
Return on Equity Simple (ROE_SIMPLE)	21.64%	0.00%	21.69%	23.17%	20.75%	0.00%	16.40%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	17	21	16	18	13	12	19	16	19	22	20
NOPAT Margin	6.05%	7.07%	5.15%	5.77%	4.18%	3.78%	5.97%	4.70%	5.75%	-	5.64%
Net Nonoperating Expense Percent (NNEP)	2.41%	1.73%	2.84%	1.08%	2.67%	1.19%	1.57%	2.63%	1.88%	-	1.66%
Return On Investment Capital (ROIC_SIMPLE)	-	2.82%	-	-	-	1.40%	2.29%	1.84%	2.19%	2.44%	2.31%
Cost of Revenue to Revenue	0.72%	0.69%	0.38%	1.02%	0.32%	0.57%	0.64%	0.26%	0.28%	-	0.18%
SG&A Expenses to Revenue	16.30%	16.59%	16.59%	17.41%	17.14%	18.37%	17.23%	17.56%	17.65%	-	17.51%
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	90.54%	90.74%	91.15%	91.65%	92.45%	92.88%	91.35%	91.74%	92.03%	-	92.12%
Earnings before Interest and Taxes (EBIT)	23	28	21	27	18	24	28	21	28	30	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	44	37	44	35	42	47	41	48	51	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.72	4.39	4.89	4.11	4.65	3.45	3.28	3.82	3.49	-	3.27
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)	0.81	0.74	0.84	0.72	0.79	0.71	0.68	0.78	0.71	-	0.66
Price to Earnings (P/E)	21.79	19.10	22.54	17.74	22.39	24.95	19.98	28.30	21.37	-	17.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	4.59%	5.24%	4.44%	5.64%	4.47%	4.01%	5.00%	3.53%	4.68%	-	5.79%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.39	2.60	2.24	2.51	2.08	2.03	2.23	2.15	-	2.05
Enterprise Value to Revenue (EV/Rev)	1.06	0.99	1.08	0.98	1.03	0.98	0.93	1.04	0.95	-	0.89
Enterprise Value to EBITDA (EV/EBITDA)	7.88	7.23	8.02	7.16	7.82	7.60	6.93	8.09	7.02	-	6.37
Enterprise Value to EBIT (EV/EBIT)	12.75	11.68	13.21	11.76	13.34	13.40	12.00	14.70	12.37	-	11.20
Enterprise Value to NOPAT (EV/NOPAT)	16.99	15.50	17.35	15.97	17.89	20.12	18.37	21.86	18.58	-	15.58
Enterprise Value to Operating Cash Flow (EV/OCF)	10.06	8.72	10.36	9.29	8.45	9.91	8.49	10.41	9.34	-	8.09
Enterprise Value to Free Cash Flow (EV/FCFF)	21.45	18.06	25.57	37.51	21.75	0.00	0.00	0.00	0.00	-	18.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.60	2.75	2.68	2.72	2.69	2.31	2.22	2.26	2.21	-	2.11
Long-Term Debt to Equity	2.43	2.59	2.53	2.57	2.54	2.16	2.08	2.12	2.08	-	1.99
Financial Leverage	1.52	1.53	1.49	1.52	1.43	1.31	1.29	1.37	1.26	-	1.15
Leverage Ratio	4.50	4.71	4.65	4.56	4.49	4.29	4.22	4.23	4.26	-	3.93
Compound Leverage Factor	2.89	3.26	2.72	3.08	2.16	2.63	2.93	2.47	2.75	-	2.75
Debt to Total Capital	72.26%	73.34%	72.86%	73.13%	72.93%	69.77%	68.92%	69.34%	68.82%	-	67.89%
Short-Term Debt to Total Capital	4.70%	4.27%	4.20%	4.08%	4.09%	4.38%	4.42%	4.31%	3.87%	-	3.91%
Long-Term Debt to Total Capital	67.56%	69.07%	68.66%	69.05%	68.83%	65.39%	64.50%	65.03%	64.95%	-	63.98%
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%	0.00%	0.50%	0.50%	0.49%	0.48%	-	0.47%
Common Equity to Total Capital	27.75%	26.66%	27.14%	26.87%	27.07%	29.73%	30.58%	30.18%	30.70%	-	31.64%
Debt to EBITDA	3.33	3.42	3.41	3.47	3.48	3.79	3.47	3.63	3.37	-	3.09
Net Debt to EBITDA	1.85	1.78	1.81	1.92	1.82	2.01	1.86	2.03	1.74	-	1.64
Long-Term Debt to EBITDA	3.11	3.22	3.21	3.28	3.28	3.55	3.25	3.41	3.18	-	2.91
Debt to NOPAT	7.18	7.32	7.37	7.75	7.96	10.03	9.21	9.81	8.93	-	7.56
Net Debt to NOPAT	3.98	3.81	3.92	4.28	4.17	5.31	4.92	5.47	4.60	-	4.01
Long-Term Debt to NOPAT	6.71	6.90	6.95	7.31	7.51	9.40	8.62	9.20	8.43	-	7.12
Altman Z-Score	2.64	2.53	2.61	2.50	2.55	2.34	2.35	2.46	2.42	-	2.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.93%	0.91%	0.89%	0.87%	-	1.54%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.07	2.85	2.83	3.05	2.71	2.76	2.42	2.64	2.57	-	2.71
Quick Ratio	2.64	2.51	2.45	2.55	2.29	2.47	2.18	2.36	2.30	-	2.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.41	10	-8.09	-24	0.22	-82	-65	-60	-62	9.52	8.59
Operating Cash Flow to CapEx	154.24%	190.17%	140.55%	166.25%	301.84%	121.24%	171.72%	77.49%	266.41%	-	189.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-57.18	-	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.68	-	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	31.66	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.32	1.32	1.32	1.33	1.26	1.27	1.28	1.28	-	1.28
Accounts Receivable Turnover	103.66	95.03	109.79	96.19	114.24	102.51	94.89	95.09	158.56	-	103.45
Inventory Turnover	1.17	1.05	0.97	1.14	0.92	0.90	0.98	0.67	0.61	-	0.49
Fixed Asset Turnover	5.09	4.95	4.74	4.67	4.59	4.33	4.22	4.23	4.20	-	4.05
Accounts Payable Turnover	0.36	0.26	0.22	0.29	0.25	0.18	0.18	0.16	0.14	-	0.09
Days Sales Outstanding (DSO)	3.52	3.84	3.32	3.79	3.19	3.56	3.85	3.84	2.30	-	3.53
Days Inventory Outstanding (DIO)	312.20	347.87	376.63	321.40	395.29	406.20	373.31	547.50	597.52	-	746.26
Days Payable Outstanding (DPO)	1,021.30	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
Cash Conversion Cycle (CCC)	-705.58	-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
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	486	483	491	523	498	576	575	599	580	588	586
Invested Capital Turnover	2.41	2.45	2.46	2.38	2.46	2.32	2.35	2.28	2.42	-	2.34
Increase / (Decrease) in Invested Capital	15	11	24	42	12	94	84	76	81	12	11
Enterprise Value (EV)	1,225	1,155	1,277	1,173	1,252	1,201	1,165	1,334	1,246	-	1,204
Market Capitalization	937	871	988	859	960	879	849	996	933	-	890
Book Value per Share	$2.32	$2.34	$2.41	$2.50	$2.50	$3.10	$3.03	$3.08	$3.17	$3.24	$3.34
Tangible Book Value per Share	($1.19)	($1.21)	($1.10)	($1.12)	($1.10)	($1.43)	($1.26)	($1.31)	($1.14)	($1.11)	($1.03)
Total Capital	716	744	745	778	764	858	847	863	870	885	861
Total Debt	518	546	543	569	557	598	584	599	599	611	584
Total Long-Term Debt	484	514	511	537	526	561	546	561	565	570	551
Net Debt	287	284	289	314	292	317	312	334	308	315	310
Capital Expenditures (CapEx)	18	21	20	17	17	11	26	26	21	15	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.30	-27	-23	-6.71	-30	-36	-49	-35	-53	-44	-40
Debt-free Net Working Capital (DFNWC)	224	235	231	248	235	245	223	230	238	253	234
Net Working Capital (NWC)	190	203	200	216	204	208	186	193	204	212	200
Net Nonoperating Expense (NNE)	6.96	5.01	8.14	3.28	7.74	3.59	4.73	8.54	5.65	5.43	5.15
Net Nonoperating Obligations (NNO)	287	284	289	314	292	317	312	334	308	315	310
Total Depreciation and Amortization (D&A)	15	16	16	17	17	18	19	20	20	21	21
Debt-free, Cash-free Net Working Capital to Revenue	-0.55%	-2.30%	-1.91%	-0.56%	-2.47%	-2.92%	-3.89%	-2.70%	-4.03%	-	-2.97%
Debt-free Net Working Capital to Revenue	19.46%	20.05%	19.63%	20.76%	19.43%	19.93%	17.81%	17.98%	18.18%	-	17.21%
Net Working Capital to Revenue	16.54%	17.34%	16.97%	18.10%	16.85%	16.88%	14.82%	15.08%	15.60%	-	14.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	$0.18	$0.09	$0.17	$0.06	$0.10	$0.17	$0.09	$0.16	$0.19	$0.18
Adjusted Weighted Average Basic Shares Outstanding	85.87M	85.95M	84.30M	83.91M	82.95M	83.75M	86.00M	85.71M	84.72M	85.02M	82.56M
Adjusted Diluted Earnings per Share	$0.12	$0.19	$0.09	$0.17	$0.06	$0.09	$0.17	$0.08	$0.16	$0.19	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	87.11M	86.80M	85.30M	85.05M	84.32M	84.98M	87.22M	86.94M	86.09M	86.37M	84.09M
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	84.80M	83.80M	83.75M	82.63M	82.34M	85.56M	84.64M	84.29M	83.21M	81.57M	81.39M
Normalized Net Operating Profit after Tax (NOPAT)	17	21	16	18	13	12	19	16	19	22	20
Normalized NOPAT Margin	6.05%	7.07%	5.15%	5.77%	4.18%	3.78%	5.97%	4.70%	5.75%	-	5.64%
Pre Tax Income Margin	5.25%	6.52%	4.04%	5.99%	2.80%	4.59%	6.05%	3.68%	5.40%	-	5.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.26	-	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.39	-	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.24	-	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.63	-	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	76.10%	65.94%	72.97%	68.29%	83.69%	72.24%	69.61%	77.04%	63.57%	-	81.46%

Financials Breakdown Chart

Key Financial Trends

Accel Entertainment, Inc. (NYSE: ACEL) has shown a generally positive trajectory in its latest four quarters, with solid revenue growth, strong gross profitability, and meaningful cash generation. Below are the key takeaways for retail investors, based on quarterly income statements, balance sheets, and cash flow statements from 2022 through 2025.

Total revenue in Q4 2025 was $341.446 million, up about 7.5% versus Q4 2024 ($317.515 million). The sequence from Q3 2025 ($329.693 million) and Q2 2025 ($335.909 million) also shows a generally upward trend in late 2025.
Gross margin appears exceptionally high, with Total Gross Profit of $339.697 million on $341.446 million in revenue in Q4 2025 (roughly 99.5% gross margin), driven by a relatively small cost of revenue relative to revenue.
Net income attributable to common shareholders reached $16.152 million in Q4 2025, with quarterly results showing ongoing profitability across 2025 (Q3: $13.364 million; Q2: $7.315 million; Q1: $14.639 million).
The balance sheet shows strong liquidity, with cash and equivalents around $290 million in Q3 2025 and a consistent positive net cash from operations in several quarters. For Q4 2025, net cash from continuing operating activities was $31.08 million, contributing to cash generation.
Free cash flow in Q4 2025 was roughly $16 million (approx. $31.08 million from operations minus about $15.11 million of capital expenditures), indicating a tangible ability to fund growth, reduce leverage, or return capital over time.
Amortization expense is unusually large in 2025 (Q4 2025 Amortization $237.804 million; Q3 2025 $231.900 million), a substantial non-cash charge that reduces pretax income but does not affect cash flow. This is a non-cash accounting item to monitor in longer-term profitability analysis.
Long-term debt rose to roughly $565.1 million by Q3 2025 to fund acquisitions and growth, increasing leverage and potentially higher interest obligations going forward.
Equity/dilution concerns exist: Weighted average diluted shares in 2025 run around mid-80 millions (e.g., ~86.7 million in Q4 2025), with EPS of $0.19 for Q4 2025 (EPS has been relatively flat in some quarters), suggesting dilution pressure for existing shareholders over time.
Issuance of debt in late 2025 provided additional liquidity to support growth, but this comes with balancing considerations on leverage and future interest expenses; quarterly financing results have fluctuated across 2024–2025.

05/07/26 08:19 AM ETAI 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 2025 ended on December 31, 2025.

How has Accel Entertainment's net income changed over the last 8 years?

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. 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 2025 was $107.85 million, based on the following breakdown:

Total Gross Profit: $1.33 billion
Total Operating Expenses: $1.22 billion

How has Accel Entertainment's revenue changed over the last 8 years?

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%.

How much debt does Accel Entertainment have?

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.

How much cash does Accel Entertainment have?

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.

How has Accel Entertainment's book value per share changed over the last 8 years?

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%.

Related Companies

Financial statements for NYSE:ACEL last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Accel Entertainment (ACEL) Financials

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Accel Entertainment (ACEL) Financials

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