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Accel Entertainment Inc Financials

ACEL
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Accel Entertainment Inc (ACEL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 48 / 100
Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
40

Accel Entertainment Inc has an operating margin of 8.1%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is up from 7.4% the prior year.

Growth
47

Accel Entertainment Inc's revenue grew 8.1% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 47/100.

Leverage
59

Accel Entertainment Inc has a moderate D/E ratio of 2.11. This balance of debt and equity financing earns a leverage score of 59/100.

Liquidity
49

Accel Entertainment Inc's current ratio of 2.61 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
37

Accel Entertainment Inc has a free cash flow margin of 4.7%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
54

Accel Entertainment Inc's ROE of 19.1% shows moderate profitability relative to equity, earning a score of 54/100. This is up from 13.8% the prior year.

Altman Z-Score Grey Zone
2.64

Accel Entertainment Inc scores 2.64, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Accel Entertainment Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.93x

For every $1 of reported earnings, Accel Entertainment Inc generates $2.93 in operating cash flow ($150.9M OCF vs $51.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY+8.1%
5Y CAGR+33.3%

Accel Entertainment Inc generated $1.3B in revenue in fiscal year 2025. This represents an increase of 8.1% from the prior year.

EBITDA
$160.6M
YoY+19.1%

Accel Entertainment Inc's EBITDA was $160.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.1% from the prior year.

Net Income
$51.5M
YoY+46.0%

Accel Entertainment Inc reported $51.5M in net income in fiscal year 2025. This represents an increase of 46.0% from the prior year.

EPS (Diluted)
$0.60
YoY+46.3%

Accel Entertainment Inc earned $0.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 46.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$62.0M
YoY+13.4%

Accel Entertainment Inc generated $62.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 13.4% from the prior year.

Cash & Debt
$296.6M
YoY+5.4%
5Y CAGR+17.1%

Accel Entertainment Inc held $296.6M in cash against $569.8M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
99.6%
YoY+0.2pp
5Y CAGR-0.4pp

Accel Entertainment Inc's gross margin was 99.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
8.1%
YoY+0.7pp
5Y CAGR+15.9pp

Accel Entertainment Inc's operating margin was 8.1% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.

Net Margin
3.9%
YoY+1.0pp
5Y CAGR+4.0pp

Accel Entertainment Inc's net profit margin was 3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity
19.1%
YoY+5.3pp
5Y CAGR+19.4pp

Accel Entertainment Inc's ROE was 19.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$39.9M
YoY+56.4%

Accel Entertainment Inc spent $39.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 56.4% from the prior year.

Capital Expenditures
$88.9M
YoY+33.6%
5Y CAGR+28.1%

Accel Entertainment Inc invested $88.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 33.6% from the prior year.

ACEL Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $341.4M+3.6% $329.7M-1.9% $335.9M+3.7% $323.9M+2.0% $317.5M+5.1% $302.2M-2.3% $309.4M+2.5% $301.8M
Cost of Revenue $1.7M+90.9% $916K+3.4% $886K-57.3% $2.1M+14.3% $1.8M+88.9% $962K-69.6% $3.2M+172.8% $1.2M
Gross Profit $339.7M+3.3% $328.8M-1.9% $335.0M+4.1% $321.8M+1.9% $315.7M+4.8% $301.3M-1.6% $306.3M+1.9% $300.7M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $55.9M+0.5% $55.6M+1.3% $54.9M+3.5% $53.0M+0.7% $52.6M+9.8% $47.9M+3.0% $46.5M-2.3% $47.6M
Operating Income $29.7M+17.0% $25.4M-5.6% $26.9M+3.6% $26.0M+24.8% $20.8M-4.8% $21.8M-3.7% $22.7M-11.3% $25.6M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $6.1M+35.4% $4.5M-11.7% $5.1M+1.9% $5.0M-19.1% $6.2M+72.8% $3.6M-9.3% $3.9M-17.5% $4.8M
Net Income $16.2M+20.9% $13.4M+82.7% $7.3M-50.0% $14.6M+75.2% $8.4M+70.7% $4.9M-66.4% $14.6M+96.7% $7.4M
EPS (Diluted) N/A $0.16+100.0% $0.08-52.9% $0.17 N/A $0.06-64.7% $0.17+88.9% $0.09

ACEL Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.1B+1.7% $1.1B+2.8% $1.1B+0.9% $1.0B-0.1% $1.0B+10.3% $950.2M0.0% $950.3M+3.4% $919.1M
Current Assets $343.0M+2.8% $333.6M+7.6% $310.2M-2.0% $316.5M-3.0% $326.2M+0.9% $323.3M+0.3% $322.2M+4.2% $309.3M
Cash & Equivalents $296.6M+2.2% $290.2M+9.7% $264.6M-2.7% $271.9M-3.3% $281.3M+6.1% $265.1M+4.0% $254.9M+0.4% $253.9M
Inventory $8.2M-13.9% $9.6M-1.4% $9.7M+13.2% $8.6M+5.4% $8.1M-10.6% $9.1M+20.7% $7.5M-3.9% $7.8M
Accounts Receivable $14.2M+64.0% $8.7M-26.4% $11.8M-7.2% $12.7M+20.1% $10.6M+34.7% $7.8M-48.3% $15.1M+10.3% $13.7M
Goodwill $114.4M+0.2% $114.2M-1.7% $116.3M0.0% $116.3M0.0% $116.3M+13.8% $102.2M+0.3% $101.9M+0.3% $101.6M
Total Liabilities $833.7M+1.9% $818.3M+2.8% $795.7M+1.0% $788.2M-0.7% $793.4M+6.7% $743.5M+0.3% $741.3M+3.4% $717.0M
Current Liabilities $131.5M+1.4% $129.7M+10.6% $117.3M-10.3% $130.8M+10.5% $118.4M-0.9% $119.4M+12.9% $105.8M-3.1% $109.1M
Long-Term Debt $569.8M+0.8% $565.1M+0.6% $561.5M+2.7% $546.4M-2.6% $560.9M+6.7% $525.6M-2.2% $537.3M+5.1% $511.4M
Total Equity $269.7M+1.0% $267.1M+2.5% $260.5M+0.6% $259.1M+1.6% $255.0M+23.4% $206.7M-1.1% $209.1M+3.4% $202.1M
Retained Earnings $186.2M+9.5% $170.1M+8.5% $156.7M+4.9% $149.4M+10.9% $134.7M+6.6% $126.4M+4.0% $121.5M+13.6% $106.9M

ACEL Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $31.1M-43.7% $55.2M+178.9% $19.8M-55.7% $44.8M+230.8% $13.5M-73.0% $50.1M+73.4% $28.9M+0.4% $28.8M
Capital Expenditures $15.1M-28.1% $21.0M-19.3% $26.0M-2.7% $26.8M+133.6% $11.5M-32.4% $16.9M-3.3% $17.5M-15.1% $20.6M
Free Cash Flow $16.0M-53.3% $34.2M+648.7% -$6.2M-134.7% $18.0M+767.7% $2.1M-93.7% $33.1M+191.7% $11.4M+39.9% $8.1M
Investing Cash Flow -$19.9M+4.2% -$20.7M+38.6% -$33.8M-29.0% -$26.2M+22.8% -$33.9M-62.3% -$20.9M+51.9% -$43.4M-67.7% -$25.9M
Financing Cash Flow -$4.9M+45.0% -$8.9M-233.6% $6.7M+123.9% -$27.9M-176.3% $36.6M+292.8% -$19.0M-222.0% $15.6M+247.6% -$10.5M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $16.2M+139.1% $6.8M+0.8% $6.7M-34.2% $10.2M+153.8% $4.0M-34.7% $6.2M-33.1% $9.2M+50.3% $6.1M

ACEL Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 99.5%-0.2pp 99.7%-0.0pp 99.7%+0.4pp 99.4%-0.1pp 99.4%-0.3pp 99.7%+0.7pp 99.0%-0.6pp 99.6%
Operating Margin 8.7%+1.0pp 7.7%-0.3pp 8.0%-0.0pp 8.0%+1.5pp 6.6%-0.7pp 7.2%-0.1pp 7.3%-1.1pp 8.5%
Net Margin 4.7%+0.7pp 4.0%+1.9pp 2.2%-2.3pp 4.5%+1.9pp 2.6%+1.0pp 1.6%-3.1pp 4.7%+2.3pp 2.5%
Return on Equity 6.0%+1.0pp 5.0%+2.2pp 2.8%-2.8pp 5.7%+2.4pp 3.3%+0.9pp 2.4%-4.6pp 7.0%+3.3pp 3.7%
Return on Assets 1.5%+0.2pp 1.2%+0.5pp 0.7%-0.7pp 1.4%+0.6pp 0.8%+0.3pp 0.5%-1.0pp 1.5%+0.7pp 0.8%
Current Ratio 2.61+0.0 2.57-0.1 2.64+0.2 2.42-0.3 2.76+0.0 2.71-0.3 3.05+0.2 2.83
Debt-to-Equity 2.110.0 2.12-0.0 2.15+0.0 2.11-0.1 2.20-0.3 2.54-0.0 2.57+0.0 2.53
FCF Margin 4.7%-5.7pp 10.4%+12.2pp -1.9%-7.4pp 5.6%+4.9pp 0.7%-10.3pp 11.0%+7.3pp 3.7%+1.0pp 2.7%

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Frequently Asked Questions

Accel Entertainment Inc (ACEL) reported $1.3B in total revenue for fiscal year 2025. This represents a 8.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Accel Entertainment Inc (ACEL) revenue grew by 8.1% year-over-year, from $1.2B to $1.3B in fiscal year 2025.

Yes, Accel Entertainment Inc (ACEL) reported a net income of $51.5M in fiscal year 2025, with a net profit margin of 3.9%.

Accel Entertainment Inc (ACEL) reported diluted earnings per share of $0.60 for fiscal year 2025. This represents a 46.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Accel Entertainment Inc (ACEL) had EBITDA of $160.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Accel Entertainment Inc (ACEL) had $296.6M in cash and equivalents against $569.8M in long-term debt.

Accel Entertainment Inc (ACEL) had a gross margin of 99.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Accel Entertainment Inc (ACEL) had an operating margin of 8.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Accel Entertainment Inc (ACEL) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Accel Entertainment Inc (ACEL) has a return on equity of 19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Accel Entertainment Inc (ACEL) generated $62.0M in free cash flow during fiscal year 2025. This represents a 13.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Accel Entertainment Inc (ACEL) generated $150.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Accel Entertainment Inc (ACEL) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Accel Entertainment Inc (ACEL) invested $88.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Accel Entertainment Inc (ACEL) spent $39.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Accel Entertainment Inc (ACEL) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.

Accel Entertainment Inc (ACEL) had a debt-to-equity ratio of 2.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Accel Entertainment Inc (ACEL) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Accel Entertainment Inc (ACEL) has an Altman Z-Score of 2.64, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Accel Entertainment Inc (ACEL) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Accel Entertainment Inc (ACEL) has an earnings quality ratio of 2.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Accel Entertainment Inc (ACEL) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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