Accel Entertainment, Inc. (ACEL)
Accel Entertainment, Inc., in conjunction with its subsidiary entities, functions as a leading distributed gaming operator across the United States. The company's primary activities involve the installation, upkeep, and operation of gaming terminals, redemption devices—which facilitate prize disbursement and include automated teller machine (ATM) capabilities—and various other amusement machines. These services are provided in approved non-casino settings, such as eateries, bars, taverns, convenience and liquor stores, truck stops, and grocery stores. Accel also furnishes its licensed business partners with gaming solutions specifically crafted to appeal to their customer base. Beyond gaming, the firm manages independent ATM placements in both gaming and general locations, alongside a selection of entertainment equipment including jukeboxes, dartboards, pool tables, pinball machines, and other recreational devices. As of December 31, 2021, Accel Entertainment oversaw 13,639 video gaming terminals spread throughout 2,584 distinct locations in Illinois. The company's corporate headquarters are situated in Burr Ridge, Illinois.
Sector: Services-Amusement & Recreation Services
Industry: Gambling, Resorts & Casinos
Accel Entertainment, Inc.
NYSE:ACELConsumer Cyclical · Gambling, Resorts & Casinos
+2.55%$11.28
AH Close$11.28+0.00%vs close
AH Close$11.28+0.00%vs close
Mkt Cap$915.86M
Float52.35M
O/S81.19M
Inst Own55.8%
SI5.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.33B
Net Income$51.47M
Total Assets$1.13B
Free Cash Flow$61.95M
Debt & Equity
Debt 70%
Equity 30%
Total Debt$629.35M
Total Equity$269.68M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ACEL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.13B
Liabilities$852.8M
Accounts Receivable$23.32M
Accounts Payable$48.07M
Inventory$8.23M
PP&E (Net)$358.24M
Goodwill$114.43M
Intangible Assets$247.44M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $1.33B | $1.23B | $1.17B | $969.8M | $734.71M | $316.35M | $428.7M | $335.08M | $248.44M | $173.33M |
| YoY Growth | 8.1% | 5.2% | 20.7% | 32.0% | 132.2% | -26.2% | 27.9% | 34.9% | 43.3% | - |
| Cost of Revenue | $908.12M | $859.47M | $817.2M | $670.9M | $494.03M | $211.09M | $282.01M | $217.46M | $157.01M | $109.83M |
| Gross Profit | $422.84M | $371.5M | $353.23M | $298.9M | $240.68M | $105.27M | $146.69M | $117.62M | $91.42M | $63.5M |
| Gross Margin | 31.8% | 30.2% | 30.2% | 30.8% | 32.8% | 33.3% | 34.2% | 35.1% | 36.8% | 36.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $219.34M | $194.72M | $178.85M | $145.94M | $110.82M | $77.42M | $69.03M | $53.99M | $376K | $31.03M |
| Other | $95.65M | $85.89M | $66.97M | $56.1M | $59.66M | $52.52M | $64.32M | $38.76M | $72.88M | $18.69M |
| Total Operating Expenses | $314.99M | $280.62M | $245.82M | $202.04M | $170.48M | $129.94M | $133.35M | $92.75M | $73.25M | $49.72M |
| Operating Income (EBIT) | $108.65M | $90.88M | $107.41M | $96.86M | $70.19M | -$24.68M | $13.34M | $24.87M | $18.17M | $13.78M |
| Operating Margin | 8.2% | 7.4% | 9.2% | 10.0% | 9.6% | -7.8% | 3.1% | 7.4% | 7.3% | 8.0% |
| Interest Expense | $37.14M | $35.89M | $33.14M | $21.64M | $12.7M | $13.71M | $12.86M | $9.64M | $0 | $0 |
| Interest Income | $6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.39M |
| Other Income (Expense) | -$36.72M | -$37.16M | -$41.68M | -$2.09M | -$23.62M | $7.35M | -$44.9M | -$9.64M | -$8.11M | -$5.39M |
| Income Before Tax (EBT) | $71.93M | $53.73M | $65.72M | $94.76M | $46.58M | -$17.33M | -$31.57M | $15.22M | $10.06M | $8.39M |
| Income Tax Expense | $20.66M | $18.44M | $20.12M | $20.66M | $15.02M | -$16.92M | $5.2M | $4.42M | $1.75M | $3.49M |
| Net Income | $51.47M | $35.25M | $45.6M | $74.1M | $31.56M | -$410K | -$36.76M | $10.8M | -$376K | $1.65M |
| Net Income Margin | 3.9% | 2.9% | 3.9% | 7.6% | 4.3% | -0.1% | -8.6% | 3.2% | -0.2% | 1.0% |
| Supplementary Data | ||||||||||
| EPS | 0.61 | 0.42 | 0.53 | 0.82 | 0.34 | -0.00 | -0.25 | 0.19 | -0.01 | 1.31 |
| Diluted EPS | 0.60 | 0.41 | 0.53 | 0.81 | 0.33 | -0.00 | -0.25 | 0.17 | -0.01 | 0.44 |
| Weighted Average OS | 85.02M | 83.75M | 85.95M | 90.63M | 93.78M | 83.05M | 61.85M | 57.62M | 37.04M | 1.26M |
| EBITDA | $187.22M | $156.18M | $157.99M | $163.18M | $105.95M | $39.96M | $46.73M | $60.33M | $42.13M | $29.34M |
| EBITDA Margin | 14.1% | 12.7% | 13.5% | 16.8% | 14.4% | 12.6% | 10.9% | 18.0% | 17.0% | 16.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $296.57M | $281.31M | $261.61M | $224.11M | $198.79M | $134.45M | $125.4M | $92.23M | $372K |
| Short-Term Investments | $0 | $0 | $0 | $32.06M | $32.06M | $0 | $11M | $0 | $0 |
| Cash and Short-Term Investments | $296.57M | $281.31M | $261.61M | $256.18M | $230.85M | $134.45M | $136.4M | $92.23M | $372K |
| Accounts Receivable | $23.32M | $10.55M | $13.47M | $11.17M | $5.12M | $3.34M | $3.91M | $2.1M | $0 |
| Inventory | $8.23M | $8.12M | $7.68M | $6.94M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $7.82M | $17.23M | $23.55M | $17.52M | $5.03M | $8.64M | $7.03M | $5.14M | $0 |
| Total Current Assets | $343.03M | $326.15M | $312.59M | $299.21M | $248M | $151.98M | $151.5M | $102.01M | $507K |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $358.24M | $308M | $270.06M | $211.84M | $152.25M | $143.56M | $119.2M | $92.44M | $81.28M |
| Goodwill | $114.43M | $116.25M | $101.55M | $100.71M | $46.2M | $45.75M | $34.51M | $0 | $0 |
| Intangible Assets | $247.44M | $279.82M | $216.04M | $230.66M | $166.59M | $167.73M | $184.18M | $140.03M | $98.2M |
| Long-Term Investments | $0 | $0 | $4.87M | $0 | $0 | $30.13M | $0 | $456.92M | $450M |
| Deferred Tax Assets | $23.17M | $0 | $0 | $0 | $0 | $38.87M | $0 | -$233.16M | -$629.48M |
| Other Long-Term Assets | $40.26M | $18.18M | $7.77M | $20.34M | $3.04M | $17.25M | $19.93M | $689K | $450M |
| Total Long-Term Assets | $783.53M | $722.25M | $600.3M | $563.56M | $368.08M | $443.3M | $357.82M | $456.92M | $450M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.13B | $1.05B | $912.89M | $862.77M | $616.07M | $595.28M | $509.32M | $457.47M | $450.51M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $48.07M | $41.94M | $33.52M | $22.3M | $14.62M | $23.67M | $17.11M | $12.41M | $0 |
| Short-Term Debt | $43.02M | $34.44M | $28.48M | $23.47M | $17.5M | $19.86M | $15M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$79.82M | -$58.83M |
| Other Current Liabilities | $30.46M | $12.12M | $7.28M | $10.61M | $8.89M | $3.01M | $0 | -$12.41M | -$2.83M |
| Total Current Liabilities | $131.49M | $118.35M | $109.65M | $89.91M | $71.83M | $52.39M | $54.95M | $252K | $157K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $580.07M | $560.94M | $514.09M | $518.57M | $324.02M | $325.95M | $334.69M | $183.28M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$192.17M | $0 |
| Long-Term Deferred Tax Liabilities | $82.4M | $47.37M | $42.75M | $37.02M | $2.25M | $35.04M | $12.98M | $8.89M | $0 |
| Other Long-Term Liabilities | $52.57M | $62.43M | $74.09M | $38.69M | $59.51M | $54.02M | $149.71M | -$167.53M | $15.75M |
| Total Long-Term Liabilities | $721.31M | $670.74M | $630.93M | $594.27M | $385.78M | $415.02M | $497.38M | $15.75M | $15.75M |
| Other Liabilities | $0 | $0 | -$26.09M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $852.8M | $789.09M | $714.49M | $684.18M | $457.61M | $467.41M | $552.33M | $16M | $15.91M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $429.6M |
| Common Stock | $8K | $8K | $8K | $9K | $9K | $9K | $8K | $436.47M | $429.6M |
| Retained Earnings | $186.21M | $134.74M | $99.48M | $53.88M | -$20.22M | -$51.78M | -$51.37M | $5M | -$376K |
| Comprehensive Income & Other | $188K | $4.14M | $7.94M | $12.24M | $0 | $93K | $0 | $0 | -$3.27M |
| Other Stockholders' Equity | $83.47M | $120.28M | $98.91M | $124.7M | $178.67M | $179.64M | $8.35M | $0 | $5.38M |
| Total Equity | $269.68M | $255.03M | $198.4M | $178.59M | $158.46M | $127.87M | -$43.01M | $441.46M | $434.6M |
| Minority Interest | $4.08M | $4.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.12B | $1.04B | $912.89M | $862.77M | $616.07M | $595.28M | $509.32M | $457.47M | $450.51M |
| Supplementary Data | |||||||||
| Total Debt | $629.35M | $595.38M | $542.57M | $542.03M | $341.52M | $345.81M | $349.69M | $250.69M | $178.44M |
| Net Debt | $332.79M | $314.07M | $280.96M | $317.92M | $142.74M | $211.36M | $224.29M | $250.17M | $178.07M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $51.27M | $35.29M | $45.6M | $74.1M | $31.56M | -$410K | -$36.76M | $6.87M | -$376K | $4.91M |
| Depreciation & Amortization | $78.15M | $66.56M | $59.12M | $46.78M | $46.68M | $43.58M | $44.37M | $35.46M | $23.26M | $15.56M |
| Deferred Income Tax | $13.34M | -$2.39M | $7.35M | $13.43M | $6.11M | -$16.84M | $4.08M | $4.3M | $0 | $0 |
| Stock-Based Compensation | $12.21M | $12.2M | $9.42M | $6.84M | $6.4M | $5.54M | $2.24M | $453K | $804K | $822K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$11.14M | $5.01M | -$2.04M | -$2M | $3.34M | $566K | -$1.8M | -$1.44M | $0 | $0 |
| Inventory | -$57K | -$343K | -$734K | -$500K | -$3.34M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $5.09M | -$1.24M | $15.47M | $1.79M | $3.74M | -$16.88M | -$899K | -$2.65M | $0 | $0 |
| Other Working Capital | -$7.27M | -$4.88M | -$9.08M | -$10.53M | -$1.63M | -$907K | -$10.03M | -$7.47M | -$98K | -$3.65M |
| Total Working Capital Change | -$13.37M | -$1.45M | $3.61M | -$11.24M | $2.11M | -$17.22M | -$12.74M | -$7.47M | -$98K | -$3.65M |
| Other Non-Cash Items | $9.28M | $10.99M | $7.43M | -$21.92M | $17.9M | -$18.36M | $44.38M | $750K | $9.09M | $7.14M |
| Net Cash from Operating | $150.88M | $121.19M | $132.53M | $108M | $110.75M | -$3.71M | $45.56M | $141K | -$475K | $24.77M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$88.92M | -$66.54M | -$81.74M | -$47.38M | -$29.75M | -$25.76M | -$20.8M | -$23.33M | -$23.63M | -$15.82M |
| Acquisitions | -$5.31M | -$53.59M | -$11.79M | -$144.03M | -$6.2M | -$35.77M | -$100.86M | -$50.22M | -$45.13M | -$36.09M |
| Purchases of Investments | $0 | -$5M | $0 | $0 | $0 | $0 | -$30M | $0 | -$450M | $0 |
| Sales of Investments | $0 | $0 | $32.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$6.33M | $983K | $1.68M | $2.14M | $1.41M | $95K | $121K | $1.09M | -$450M | $372K |
| Net Cash from Investing | -$100.55M | -$124.15M | -$59.79M | -$189.26M | -$34.54M | -$61.44M | -$151.53M | -$73.55M | -$450M | -$51.53M |
| Financing Activities | ||||||||||
| Debt Repaid | -$10.53M | -$51.78M | $17K | -$195.38M | $1.35M | -$47.56M | -$133.84M | -$47.35M | -$300K | -$37.6M |
| Common Stock Issuance | $0 | $0 | $0 | $366K | $0 | $90.42M | $0 | $0 | $450.02M | $0 |
| Common Stock Repurchases | -$39.86M | -$25.5M | -$30.07M | -$79M | -$8.98M | $0 | $0 | -$3.34M | $0 | -$39.81M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$70K |
| Other Financing Activities | -$5.72M | -$3.63M | -$5.15M | -$10.15M | -$1.09M | -$5.3M | $13.8M | -$951K | $822K | $51.6M |
| Net Cash from Financing | -$35.06M | $22.65M | -$35.24M | $106.59M | -$11.88M | $74.19M | $139.14M | $46.12M | $450.85M | $49.31M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $450.47M | $0 |
| Net Change in Cash | $15.26M | $19.69M | $37.5M | $25.33M | $64.33M | $9.05M | $33.17M | $141K | $450.85M | $22.55M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $150.88M | $121.19M | $132.53M | $108M | $110.75M | -$3.71M | $45.56M | $141K | -$475K | $24.77M |
| Capital Expenditure | -$88.92M | -$66.54M | -$81.74M | -$47.38M | -$29.75M | -$25.76M | -$20.8M | -$23.33M | -$23.63M | -$15.82M |
| Free Cash Flow | $61.95M | $54.65M | $50.79M | $60.62M | $81M | -$29.47M | $24.77M | -$23.19M | -$24.1M | $8.95M |
| Cash at Beginning | $281.31M | $261.61M | $224.11M | $198.79M | $134.45M | $125.4M | $92.23M | $372K | -$450.47M | $31.45M |
| Cash at End | $296.57M | $281.31M | $261.61M | $224.11M | $198.79M | $134.45M | $125.4M | $513K | $372K | $54M |