NYSE : ACEL
Accel Entertainment, Inc. — Financial statements
Consumer Discretionary · Gambling · United States
Last price 11.36 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 922.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Accel Entertainment, Inc. (ACEL) reported revenue of 1.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.39B | 1.33B | 1.23B | 1.17B | 969.80M | 734.71M |
| Cost of Revenue | 954.70M | 913.75M | 859.47M | 817.20M | 670.90M | 494.03M |
| Gross Profit | 436.13M | 417.21M | 371.50M | 353.23M | 298.90M | 240.68M |
| Selling, General & Admin | 228.26M | 218.54M | 194.22M | 180.25M | 145.94M | 110.82M |
| Amortization of Goodwill & Intangibles | 26.43M | 25.43M | 22.58M | 21.21M | 17.48M | 22.04M |
| Other Operating Expenses | 3.78M | 6.78M | 8.27M | 7.20M | 10.38M | 6.03M |
| Operating Expenses | 313.48M | 303.46M | 269.04M | 246.56M | 203.10M | 163.52M |
| Operating Income | 122.65M | 113.75M | 102.46M | 106.67M | 95.79M | 77.16M |
| Interest Expense | -37.29M | -41.10M | -45.69M | -42.34M | -21.64M | -12.70M |
| Interest & Investment Income | 3.70M | 6.90M | 9.80M | 9.20M | ||
| Earnings From Equity Investments | -56.00K | -59.00K | ||||
| Other Non Operating Income (Expenses) | 13.00K | |||||
| EBT Excluding Unusual Items | 89.00M | 79.49M | 66.58M | 73.52M | 74.15M | 64.45M |
| Merger & Restructuring Charges | -2.10M | |||||
| Asset Writedown | -846.00K | |||||
| Legal Settlements | -800.00K | -800.00K | -500.00K | |||
| Other Unusual Items | -6.61M | -6.76M | -9.40M | -7.80M | 20.61M | -17.88M |
| Pretax Income | 78.39M | 71.93M | 53.73M | 65.72M | 94.76M | 46.58M |
| Income Tax Expense | 21.82M | 20.66M | 18.44M | 20.12M | 20.66M | 15.02M |
| Earnings From Continuing Operations | 56.57M | 51.27M | 35.29M | 45.60M | 74.10M | 31.56M |
| Minority Interest in Earnings | 115.00K | 198.00K | -39.00K | |||
| Net Income | 56.68M | 51.47M | 35.25M | 45.60M | 74.10M | 31.56M |
| Net Income to Common | 56.68M | 51.47M | 35.25M | 45.60M | 74.10M | 31.56M |
| Shares Outstanding (Basic) | 83.24M | 85.02M | 83.75M | 85.95M | 90.63M | 93.78M |
| Shares Outstanding (Diluted) | 84.70M | 86.37M | 84.98M | 86.80M | 91.23M | 94.64M |
| EPS (Basic) | 0.68 | 0.61 | 0.42 | 0.53 | 0.82 | 0.34 |
| EPS (Diluted) | 0.67 | 0.60 | 0.41 | 0.53 | 0.81 | 0.33 |
| Free Cash Flow | 78.94M | 61.95M | 54.65M | 50.79M | 60.62M | 81.00M |
| Free Cash Flow Per Share | 0.93 | 0.72 | 0.64 | 0.58 | 0.66 | 0.86 |
| Gross Margin | 31.36% | 31.35% | 30.18% | 30.18% | 30.82% | 32.76% |
| Operating Margin | 8.82% | 8.55% | 8.32% | 9.11% | 9.88% | 10.50% |
| Profit Margin | 4.08% | 3.87% | 2.86% | 3.90% | 7.64% | 4.29% |
| Free Cash Flow Margin | 5.68% | 4.66% | 4.44% | 4.34% | 6.25% | 11.03% |
| EBITDA | 200.39M | 189.10M | 166.71M | 164.18M | 141.27M | 122.13M |
| EBITDA Margin | 14.41% | 14.21% | 13.54% | 14.03% | 14.57% | 16.62% |
| D&A For EBITDA | 77.74M | 75.35M | 64.25M | 57.52M | 45.48M | 44.98M |
| EBIT | 122.65M | 113.75M | 102.46M | 106.67M | 95.79M | 77.16M |
| EBIT Margin | 8.82% | 8.55% | 8.32% | 9.11% | 9.88% | 10.50% |
| Effective Tax Rate | 27.84% | 28.72% | 34.32% | 30.61% | 21.80% | 32.24% |
| Revenue as Reported | 1.39B | 1.33B | 1.23B | 1.17B | 969.80M | 734.71M |
| Advertising Expenses | 5.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 255.45M | 296.57M | 281.31M | 261.61M | 224.11M | 198.79M |
| Short-Term Investments | 32.06M | 32.06M | ||||
| Trading Asset Securities | 430.00K | 6.34M | 8.14M | 8.55M | ||
| Cash & Short-Term Investments | 255.45M | 297.00M | 287.65M | 269.75M | 264.73M | 230.85M |
| Accounts Receivable | 13.85M | 14.20M | 10.55M | 13.47M | 11.17M | 5.12M |
| Other Receivables | 27.16M | 9.12M | 1.63M | |||
| Receivables | 41.01M | 23.32M | 12.18M | 13.47M | 11.17M | 5.12M |
| Inventory | 9.61M | 8.23M | 8.12M | 7.68M | 6.94M | |
| Prepaid Expenses | 10.81M | 7.10M | 8.95M | 6.29M | 7.41M | 7.00M |
| Other Current Assets | 7.39M | 7.39M | 9.25M | 15.41M | 8.96M | 5.03M |
| Total Current Assets | 324.28M | 343.03M | 326.15M | 312.59M | 299.21M | 248.00M |
| Property, Plant & Equipment | 359.57M | 359.08M | 317.64M | 270.06M | 217.09M | 152.25M |
| Long-Term Investments | 8.37M | 6.98M | 4.87M | 11.36M | ||
| Goodwill | 114.74M | 114.43M | 116.25M | 101.55M | 100.71M | 46.20M |
| Other Intangible Assets | 276.91M | 278.59M | 279.82M | 218.85M | 230.66M | 166.59M |
| Other Long-Term Assets | 13.14M | 8.27M | 1.56M | 4.96M | 3.73M | 3.04M |
| Total Assets | 1.10B | 1.10B | 1.05B | 912.89M | 862.77M | 616.07M |
| Accounts Payable | 53.81M | 48.07M | 38.98M | 33.52M | 20.37M | 14.62M |
| Accrued Expenses | 39.85M | 36.53M | 36.65M | 40.36M | 35.00M | 24.30M |
| Current Portion of Long-Term Debt | 30.00M | 37.58M | 34.44M | 28.48M | 23.47M | 17.50M |
| Current Portion of Leases | 2.96M | 2.97M | 2.49M | 1.93M | ||
| Other Current Liabilities | 7.43M | 6.35M | 5.31M | 4.79M | 9.13M | 15.42M |
| Total Current Liabilities | 131.08M | 131.49M | 118.35M | 109.65M | 89.91M | 71.83M |
| Long-Term Debt | 543.33M | 569.84M | 560.94M | 514.09M | 518.57M | 324.02M |
| Long-Term Leases | 6.27M | 7.05M | 7.00M | 3.38M | ||
| Long-Term Deferred Tax Liabilities | 60.30M | 59.23M | 47.37M | 42.75M | 37.02M | 2.25M |
| Other Long-Term Liabilities | 74.34M | 62.80M | 55.38M | 41.00M | 35.31M | 59.51M |
| Total Liabilities | 809.05M | 829.63M | 789.09M | 714.49M | 684.18M | 457.61M |
| Common Stock | 8.00K | 8.00K | 8.00K | 8.00K | 9.00K | 9.00K |
| Additional Paid-In Capital | 231.75M | 229.03M | 221.62M | 203.05M | 194.16M | 187.66M |
| Retained Earnings | 213.37M | 186.21M | 134.74M | 99.48M | 53.88M | -20.22M |
| Treasury Stock | -163.65M | -145.75M | -105.48M | -112.07M | -81.70M | -8.98M |
| Comprehensive Income & Other | 2.38M | 188.00K | 4.14M | 7.94M | 12.24M | |
| Total Common Equity | 283.86M | 269.68M | 255.03M | 198.40M | 178.59M | 158.46M |
| Minority Interest | 4.08M | 4.08M | 4.28M | |||
| Shareholders' Equity | 287.95M | 273.76M | 259.31M | 198.40M | 178.59M | 158.46M |
| Total Liabilities & Equity | 1.10B | 1.10B | 1.05B | 912.89M | 862.77M | 616.07M |
| Total Debt | 573.33M | 616.65M | 605.40M | 552.06M | 547.34M | 341.52M |
| Net Cash (Debt) | -317.88M | -319.65M | -317.75M | -282.31M | -282.60M | -110.67M |
| Net Cash Per Share | -3.75 | -3.70 | -3.74 | -3.25 | -3.10 | -1.17 |
| Filing Date Shares Outstanding | 81.19M | 81.57M | 85.56M | 83.80M | 86.67M | 92.77M |
| Total Common Shares Outstanding | 81.22M | 82.29M | 85.67M | 84.12M | 86.67M | 92.71M |
| Working Capital | 193.20M | 211.54M | 207.80M | 202.94M | 209.31M | 176.16M |
| Book Value Per Share | 3.49 | 3.28 | 2.98 | 2.36 | 2.06 | 1.71 |
| Tangible Book Value | -107.78M | -123.33M | -141.04M | -122.00M | -152.78M | -54.32M |
| Tangible Book Value Per Share | -1.33 | -1.50 | -1.65 | -1.45 | -1.76 | -0.59 |
| Land | 9.35M | 9.09M | 7.72M | 2.47M | 1.14M | 911.00K |
| Buildings | 53.84M | 51.41M | 30.11M | 14.05M | 11.95M | 11.00M |
| Machinery | 578.05M | 557.19M | 494.57M | 432.68M | 358.10M | 271.81M |
| Construction In Progress | 7.30M | 3.72M | 4.45M | 5.48M | 647.00K | 3.90M |
| Leasehold Improvements | 12.70M | 12.16M | 10.15M | 8.28M | 7.00M | 4.13M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 56.68M | 51.47M | 35.25M | 45.60M | 74.10M | 31.56M |
| Depreciation & Amortization | 77.74M | 75.35M | 64.25M | 57.52M | 45.48M | 44.98M |
| Other Amortization | 4.79M | 4.22M | 4.09M | 3.41M | 3.41M | 3.80M |
| Loss (Gain) From Sale of Assets | 4.05M | 1.12M | 606.00K | -10.00K | -608.00K | -63.00K |
| Asset Writedown & Restructuring Costs | 1.12M | 1.41M | 1.99M | 935.00K | 757.00K | 711.00K |
| Loss (Gain) From Sale of Investments | 736.00K | 573.00K | 1.28M | 8.54M | -19.54M | 9.76M |
| Stock-Based Compensation | 13.07M | 12.21M | 12.20M | 9.42M | 6.84M | 6.40M |
| Other Operating Activities | 19.64M | 17.90M | 2.97M | 3.51M | 8.80M | 11.50M |
| Change in Accounts Receivable | -2.09M | -3.65M | 5.01M | -2.30M | -1.65M | |
| Change in Inventory | 118.00K | -57.00K | -343.00K | -734.00K | -500.00K | |
| Change in Accounts Payable | 3.66M | 5.09M | -1.24M | 15.47M | 1.79M | 3.74M |
| Change in Income Taxes | -25.53M | -7.49M | -1.36M | 264.00K | ||
| Change in Other Net Operating Assets | -4.98M | -7.27M | -3.53M | -9.08M | -10.88M | -1.63M |
| Operating Cash Flow | 149.03M | 150.88M | 121.19M | 132.53M | 108.00M | 110.75M |
| Capital Expenditures | -70.08M | -88.92M | -66.54M | -81.74M | -47.38M | -29.75M |
| Sale of Property, Plant & Equipment | 1.52M | 1.62M | 984.00K | 1.68M | 2.14M | 1.41M |
| Cash Acquisitions | -19.24M | -5.31M | -53.59M | -11.79M | -144.03M | -6.20M |
| Sale (Purchase) of Intangibles | -9.45M | |||||
| Investment in Securities | -5.00M | |||||
| Other Investing Activities | 1.50M | -1.00K | 32.06M | |||
| Investing Cash Flow | -87.80M | -100.55M | -124.15M | -59.79M | -189.26M | -34.54M |
| Long-Term Debt Issued | 682.00M | 175.00M | 169.00M | 240.00M | 54.34M | |
| Total Debt Issued | 618.00M | 682.00M | 175.00M | 169.00M | 240.00M | 54.34M |
| Long-Term Debt Repaid | -667.62M | -123.22M | -169.02M | -44.62M | -55.69M | |
| Total Debt Repaid | -638.47M | -667.62M | -123.22M | -169.02M | -44.62M | -55.69M |
| Net Debt Issued (Repaid) | -20.47M | 14.38M | 51.78M | -17.00K | 195.38M | -1.35M |
| Issuance of Common Stock | 289.00K | 375.00K | 366.00K | 1.70M | ||
| Repurchase of Common Stock | -44.26M | -43.06M | -27.84M | -31.15M | -79.08M | -9.07M |
| Other Financing Activities | -5.67M | -6.38M | -1.57M | -4.44M | -10.07M | -3.16M |
| Financing Cash Flow | -70.41M | -35.06M | 22.65M | -35.24M | 106.59M | -11.88M |
| Net Cash Flow | -9.18M | 15.26M | 19.69M | 37.50M | 25.33M | 64.33M |
| Free Cash Flow | 78.94M | 61.95M | 54.65M | 50.79M | 60.62M | 81.00M |
| Free Cash Flow Margin | 5.68% | 4.66% | 4.44% | 4.34% | 6.25% | 11.03% |
| Free Cash Flow Per Share | 0.93 | 0.72 | 0.64 | 0.58 | 0.66 | 0.86 |
| Levered Free Cash Flow | 69.77M | 41.28M | 56.09M | 34.60M | 47.54M | 86.29M |
| Unlevered Free Cash Flow | 91.99M | 65.55M | 82.86M | 59.26M | 58.95M | 92.13M |
| Cash Income Tax Paid | 29.09M | 15.54M | 22.31M | 11.74M | 7.66M | 8.59M |
| Change in Working Capital | -28.81M | -13.37M | -1.45M | 3.61M | -11.24M | 2.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 932.10M | 949.40M | 879.43M | 870.93M | 673.50M | 1.22B |
| Enterprise Value | 1.25B | 1.26B | 1.17B | 1.15B | 943.91M | 1.37B |
| Last Close Price | 11.36 | 11.41 | 10.68 | 10.27 | 7.70 | 13.02 |
| PE Ratio | 17.10 | 18.45 | 24.95 | 19.10 | 9.09 | 38.81 |
| Forward PE | 13.79 | 13.23 | 11.68 | 11.68 | 8.19 | 14.89 |
| PS Ratio | 0.66 | 0.71 | 0.71 | 0.74 | 0.69 | 1.67 |
| PB Ratio | 3.25 | 3.47 | 3.39 | 4.39 | 3.77 | 7.73 |
| P/FCF Ratio | 11.68 | 15.32 | 16.09 | 17.15 | 11.11 | 15.12 |
| P/OCF Ratio | 6.19 | 6.29 | 7.26 | 6.57 | 6.24 | 11.06 |
| PEG Ratio | 3.09 | 3.09 | 3.09 | 1.89 | 0.06 | |
| EV/Sales Ratio | 0.89 | 0.95 | 0.95 | 0.98 | 0.97 | 1.87 |
| EV/EBITDA Ratio | 6.19 | 6.68 | 7.00 | 7.00 | 6.68 | 11.24 |
| EV/EBIT Ratio | 10.11 | 11.11 | 11.39 | 10.77 | 9.85 | 17.79 |
| EV/FCF Ratio | 15.71 | 20.41 | 21.36 | 22.62 | 15.57 | 16.95 |
| Debt / Equity Ratio | 1.99 | 2.25 | 2.33 | 2.78 | 3.06 | 2.15 |
| Debt / EBITDA Ratio | 2.86 | 3.16 | 3.54 | 3.28 | 3.81 | 2.80 |
| Debt / FCF Ratio | 7.26 | 9.95 | 11.08 | 10.87 | 9.03 | 4.22 |
| Net Debt / Equity Ratio | 1.10 | 1.17 | 1.23 | 1.42 | 1.58 | 0.70 |
| Net Debt / EBITDA Ratio | 1.59 | 1.69 | 1.91 | 1.72 | 2.00 | 0.91 |
| Net Debt / FCF Ratio | 4.03 | 5.16 | 5.81 | 5.56 | 4.66 | 1.37 |
| Asset Turnover | 1.29 | 1.24 | 1.25 | 1.32 | 1.31 | 1.25 |
| Inventory Turnover | 98.93 | 111.75 | 108.77 | 111.78 | ||
| Quick Ratio | 2.26 | 2.44 | 2.53 | 2.58 | 3.07 | 3.29 |
| Current Ratio | 2.47 | 2.61 | 2.76 | 2.85 | 3.33 | 3.45 |
| Return on Equity (ROE) | 20.47% | 19.24% | 15.42% | 24.19% | 43.97% | 22.04% |
| Return on Assets (ROA) | 7.12% | 6.61% | 6.53% | 7.51% | 8.10% | 8.20% |
| Return on Invested Capital (ROIC) | 14.89% | 13.85% | 12.72% | 15.72% | 20.51% | 17.35% |
| Return on Capital Employed (ROCE) | 12.70% | 11.70% | 11.00% | 13.30% | 12.40% | 14.20% |
| Earnings Yield | 5.85% | 5.42% | 4.01% | 5.24% | 11.00% | 2.58% |
| FCF Yield | 8.56% | 6.53% | 6.21% | 5.83% | 9.00% | 6.61% |
| Buyback Yield / Dilution | 1.43% | -1.64% | 2.10% | 4.85% | 3.60% | -13.87% |