Accel Entertainment Inc Financials
Accel Entertainment Inc (ACEL) reported $1.3B in revenue for fiscal year 2025, up 8.1% from the prior fiscal year. This page shows its 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).
Revenue carries almost no direct cost, so cash conversion and reinvestment needs define how this business really works.
From FY2023 to FY2025, operating cash flow improved from$132.5M to$150.9M . Yet free cash flow remained below half of that in FY2025 at$62.0M , showing that accounting profit is turning into cash, but a large first claim on that cash is ongoing reinvestment rather than fully discretionary spending.
With gross margin at
The balance sheet combines ample liquidity with persistent leverage: cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Accel Entertainment Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Accel Entertainment Inc has an operating margin of 8.1%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is up from 7.4% the prior year.
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 56/100.
Accel Entertainment Inc has a moderate D/E ratio of 2.11. This balance of debt and equity financing earns a leverage score of 33/100.
With a current ratio of 2.61, Accel Entertainment Inc holds $2.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
Accel Entertainment Inc has a free cash flow margin of 4.7%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Accel Entertainment Inc earns a strong 19.1% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is up from 13.8% the prior year.
Accel Entertainment Inc scores 2.69, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Accel Entertainment Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
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
Earnings & Revenue
Accel Entertainment Inc generated $1.3B in revenue in fiscal year 2025. This represents an increase of 8.1% from the prior year.
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.
Accel Entertainment Inc reported $51.5M in net income in fiscal year 2025. This represents an increase of 46.0% from the prior year.
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
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.
Accel Entertainment Inc held $296.6M in cash against $569.8M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
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.
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.
Not reported for fiscal year 2025.
ACEL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B+8.1% | $1.2B+5.2% | $1.2B+20.7% | $969.8M+32.0% | $734.7M+132.2% | $316.4M-26.2% | $428.7M+27.9% | $335.1M+34.9% | $248.4M |
| Cost of Revenue | $3.6M | $5.6M-20.7% | $7.1M-7.4% | $7.7M+60.6% | $4.8M | $0 | $0-100.0% | $282.0M+29.7% | $217.5M+38.5% | $157.0M |
| Gross Profit | $1.4B | $1.3B+8.3% | $1.2B+5.3% | $1.2B+20.5% | $965.0M+31.3% | $734.7M+132.2% | $316.4M+115.7% | $146.7M+24.7% | $117.6M+28.7% | $91.4M |
| SG&A Expenses | $229.1M | $219.3M+12.6% | $194.7M+8.0% | $180.2M+23.5% | $145.9M+31.7% | $110.8M+43.1% | $77.4M+11.7% | $69.3M+27.7% | $54.3M+19.7% | $45.4M |
| Operating Income | $114.2M | $107.9M+18.7% | $90.9M-15.4% | $107.4M+10.9% | $96.9M+38.0% | $70.2M+384.4% | -$24.7M-285.1% | $13.3M-46.4% | $24.9M+36.9% | $18.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $13.7M+6.6% | $12.9M+33.3% | $9.6M+19.0% | $8.1M |
| Income Tax | $21.8M | $20.7M+12.0% | $18.4M-8.4% | $20.1M-2.6% | $20.7M+37.6% | $15.0M+188.8% | -$16.9M-425.4% | $5.2M+17.6% | $4.4M+152.1% | $1.8M |
| Net Income | $56.7M | $51.5M+46.0% | $35.3M-22.7% | $45.6M-38.5% | $74.1M+134.8% | $31.6M+7797.3% | -$410K+98.9% | -$36.8M-440.3% | $10.8M+30.0% | $8.3M |
| EPS (Diluted) | — | $0.60+46.3% | $0.41-22.6% | $0.53-34.6% | $0.81+145.5% | $0.33 | -$0.02 | -$0.59-447.1% | $0.17+21.4% | $0.14 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACEL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+5.2% | $1.0B+14.8% | $912.9M+5.8% | $862.8M+40.0% | $616.1M+10.0% | $560.2M+10.0% | $509.3M+52.0% | $335.2M-25.6% | $450.5M |
| Current Assets | $343.0M+5.2% | $326.2M+4.3% | $312.6M+4.5% | $299.2M+20.7% | $248.0M+63.2% | $152.0M+0.3% | $151.5M+48.5% | $102.0M+20028.7% | $507K |
| Cash & Equivalents | $296.6M+5.4% | $281.3M+7.5% | $261.6M+16.7% | $224.1M+12.7% | $198.8M+47.9% | $134.5M+7.2% | $125.4M+36.0% | $92.2M+24687.9% | $372K |
| Inventory | $8.2M+1.3% | $8.1M+5.7% | $7.7M+10.7% | $6.9M | $0 | N/A | N/A | N/A | N/A |
| Accounts Receivable | $14.2M+34.6% | $10.6M-21.7% | $13.5M+20.6% | $11.2M+118.0% | $5.1M | N/A | N/A | N/A | N/A |
| Goodwill | $114.4M-1.6% | $116.3M+14.5% | $101.6M+0.8% | $100.7M+118.0% | $46.2M+1.0% | $45.8M+32.6% | $34.5M | $0 | N/A |
| Total Liabilities | $829.6M+4.6% | $793.4M+11.0% | $714.5M+4.4% | $684.2M+49.5% | $457.6M+5.8% | $432.4M-21.7% | $552.3M+98.6% | $278.1M-31.5% | $406.0M |
| Current Liabilities | $131.5M+11.1% | $118.4M+7.9% | $109.7M+22.0% | $89.9M+25.2% | $71.8M+37.1% | $52.4M-4.7% | $54.9M-36.0% | $85.9M+54466.4% | $157K |
| Long-Term Debt | $569.8M+1.6% | $560.9M+9.1% | $514.1M-0.9% | $518.6M+60.0% | $324.0M+0.7% | $321.9M-3.8% | $334.7M+98.2% | $168.9M | N/A |
| Total Equity | $269.7M+5.7% | $255.0M+28.5% | $198.4M+11.1% | $178.6M+12.7% | $158.5M+23.9% | $127.9M+397.3% | -$43.0M-175.3% | $57.1M+28.3% | $44.5M |
| Retained Earnings | $186.2M+38.2% | $134.7M+35.4% | $99.5M+84.6% | $53.9M+366.5% | -$20.2M+60.9% | -$51.8M-0.8% | -$51.4M-198.6% | -$17.2M-4470.5% | -$376K |
ACEL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $149.0M | $150.9M+24.5% | $121.2M-8.6% | $132.5M+22.7% | $108.0M-2.5% | $110.8M+3089.3% | -$3.7M-108.1% | $45.6M+2.8% | $44.3M+34.0% | $33.1M |
| Capital Expenditures | $70.1M | $88.9M+33.6% | $66.5M-18.6% | $81.7M+72.5% | $47.4M+59.2% | $29.8M+15.5% | $25.8M+23.9% | $20.8M-10.5% | $23.2M-1.6% | $23.6M |
| Free Cash Flow | $78.9M | $62.0M+13.4% | $54.7M+7.6% | $50.8M-16.2% | $60.6M-25.2% | $81.0M+374.9% | -$29.5M-219.0% | $24.8M+17.4% | $21.1M+122.8% | $9.5M |
| Investing Cash Flow | -$87.8M | -$100.6M+19.0% | -$124.2M-107.6% | -$59.8M+68.4% | -$189.3M-447.9% | -$34.5M+43.8% | -$61.4M+59.5% | -$151.5M-106.0% | -$73.5M-3.8% | -$70.9M |
| Financing Cash Flow | -$70.4M | -$35.1M-254.8% | $22.7M+164.3% | -$35.2M-133.1% | $106.6M+997.5% | -$11.9M-116.0% | $74.2M-46.7% | $139.1M+201.7% | $46.1M-21.9% | $59.1M |
| Share Buybacks | $40.7M | $39.9M+56.4% | $25.5M-15.2% | $30.1M-61.9% | $79.0M+779.5% | $9.0M | $0 | $0-100.0% | $3.3M+2617.9% | $123K |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACEL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.6%+0.2pp | 99.4%+0.1pp | 99.3%-0.2pp | 99.5%-0.5pp | 100.0%0.0pp | 100.0%+65.8pp | 34.2%-0.9pp | 35.1%-1.7pp | 36.8% |
| Operating Margin | 8.1%+0.7pp | 7.4%-1.8pp | 9.2%-0.8pp | 10.0%+0.4pp | 9.6%+17.3pp | -7.8%-10.9pp | 3.1%-4.3pp | 7.4%+0.1pp | 7.3% |
| Net Margin | 3.9%+1.0pp | 2.9%-1.0pp | 3.9%-3.7pp | 7.6%+3.3pp | 4.3%+4.4pp | -0.1%+8.5pp | -8.6%-11.8pp | 3.2%-0.1pp | 3.4% |
| Return on Equity | 19.1%+5.3pp | 13.8%-9.2pp | 23.0%-18.5pp | 41.5%+21.6pp | 19.9%+20.2pp | -0.3% | N/A | 18.9%+0.3pp | 18.7% |
| Return on Assets | 4.7%+1.3pp | 3.4%-1.6pp | 5.0%-3.6pp | 8.6%+3.5pp | 5.1%+5.2pp | -0.1%+7.1pp | -7.2%-10.4pp | 3.2%+1.4pp | 1.8% |
| Current Ratio | 2.61-0.1x | 2.76-0.1x | 2.85-0.5x | 3.33-0.1x | 3.45+0.6x | 2.90+0.1x | 2.76+1.6x | 1.19-2.0x | 3.22 |
| Debt-to-Equity | 2.11-0.1x | 2.20-0.4x | 2.59-0.3x | 2.90+0.9x | 2.04-0.5x | 2.52 | N/A | 2.96-6.2x | 9.12 |
| FCF Margin | 4.7%+0.2pp | 4.4%+0.1pp | 4.3%-1.9pp | 6.3%-4.8pp | 11.0%+20.3pp | -9.3%-15.1pp | 5.8%-0.5pp | 6.3%+2.5pp | 3.8% |
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Where Accel Entertainment Inc Ranks
Frequently Asked Questions
What is Accel Entertainment Inc's annual revenue?
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.
How fast is Accel Entertainment Inc's revenue growing?
Accel Entertainment Inc (ACEL) revenue grew by 8.1% year-over-year, from $1.2B to $1.3B in fiscal year 2025.
Is Accel Entertainment Inc profitable?
Yes, Accel Entertainment Inc (ACEL) reported a net income of $51.5M in fiscal year 2025, with a net profit margin of 3.9%.
What is Accel Entertainment Inc's EBITDA?
Accel Entertainment Inc (ACEL) had EBITDA of $160.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Accel Entertainment Inc have?
As of fiscal year 2025, Accel Entertainment Inc (ACEL) had $296.6M in cash and equivalents against $569.8M in long-term debt.
What is Accel Entertainment Inc's gross margin?
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.
What is Accel Entertainment Inc's operating margin?
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.
What is Accel Entertainment Inc's net profit margin?
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.
What is Accel Entertainment Inc's return on equity (ROE)?
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.
What is Accel Entertainment Inc's free cash flow?
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.
What is Accel Entertainment Inc's operating cash flow?
Accel Entertainment Inc (ACEL) generated $150.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Accel Entertainment Inc's total assets?
Accel Entertainment Inc (ACEL) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Accel Entertainment Inc's capital expenditures?
Accel Entertainment Inc (ACEL) invested $88.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Accel Entertainment Inc's current ratio?
Accel Entertainment Inc (ACEL) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.
What is Accel Entertainment Inc's debt-to-equity ratio?
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.
What is Accel Entertainment Inc's return on assets (ROA)?
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.
What is Accel Entertainment Inc's Altman Z-Score?
Accel Entertainment Inc (ACEL) has an Altman Z-Score of 2.69, 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.
What is Accel Entertainment Inc's Piotroski F-Score?
Accel Entertainment Inc (ACEL) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Accel Entertainment Inc's earnings high quality?
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.
How financially healthy is Accel Entertainment Inc?
Accel Entertainment Inc (ACEL) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.