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Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States. It engages in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The company also designs and manufactures gaming terminals and related equipment, as well as offers turnkey and full-service gaming solutions to bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments. In addition, it operates stand-alone ATMs in gaming and non-gaming locations, as well as amusement devices, including jukeboxes, dartboards, pool tables, and other entertainment related equipment; and develops brick-and-mortar casinos that serve local gaming markets and horse racing venues. Accel Entertainment, Inc. is headquartered in Burr Ridge, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $184M | $51M | $53M | 18.8% | 8.1% | 46.0% |
| 2024 | $1.2B | $156M | $35M | $55M | 13.6% | 5.2% | -22.7% |
| 2023 | $1.2B | $158M | $46M | $51M | 23.0% | 20.7% | -38.5% |
| 2022 | $970M | $163M | $74M | $61M | 41.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 969.80 | 1,170.42 | 1,230.97 | 1,330.96 |
| Cost Of Revenue | 670.90 | 817.20 | 859.47 | 913.75 |
| Gross Profit | 298.90 | 353.23 | 371.50 | 417.21 |
| Operating Expense | 202.04 | 245.82 | 280.62 | 309.36 |
| Operating Income | 96.86 | 107.41 | 90.88 | 107.85 |
| EBITDA | 163.18 | 157.99 | 156.18 | 184.28 |
| EBIT | 116.40 | 98.87 | 89.62 | 106.13 |
| Pretax Income | 94.76 | 65.72 | 53.73 | 71.93 |
| Tax Provision | 20.66 | 20.12 | 18.44 | 20.66 |
| Net Income | 74.10 | 45.60 | 35.25 | 51.47 |
| Net Income Common Stockholders | 74.10 | 45.60 | 35.25 | 51.47 |
| Total Expenses | 872.94 | 1,063.01 | 1,140.09 | 1,223.11 |
| Interest Expense | 21.64 | 33.14 | 35.89 | 34.20 |
| Selling General And Administration | 145.94 | 180.25 | 194.72 | 219.34 |
| Normalized EBITDA | 143.63 | 166.52 | 157.44 | 185.94 |
| Normalized Income | 58.82 | 51.53 | 36.08 | 52.66 |
| Basic EPS | 0.82 | 0.53 | 0.42 | 0.61 |
| Diluted EPS | 0.81 | 0.53 | 0.41 | 0.60 |
| Tax Effect Of Unusual Items | 4.26 | -2.61 | -0.43 | -0.48 |
| Tax Rate For Calcs | 0.22 | 0.31 | 0.34 | 0.29 |
| Total Unusual Items | 19.54 | -8.54 | -1.26 | -1.66 |
| Total Unusual Items Excluding Goodwill | 19.54 | -8.54 | -1.26 | -1.66 |
| Net Income From Continuing Operation Net Minority Interest | 74.10 | 45.60 | 35.25 | 51.47 |
| Reconciled Depreciation | 46.78 | 59.12 | 66.56 | 78.15 |
| Reconciled Cost Of Revenue | 670.90 | 817.20 | 859.47 | 913.75 |
| Net Interest Income | -21.64 | -33.14 | -35.89 | -34.20 |
| Net Income From Continuing And Discontinued Operation | 74.10 | 45.60 | 35.25 | 51.47 |
| Total Operating Income As Reported | 96.86 | 107.41 | 90.88 | 107.85 |
| Diluted Average Shares | 91.23 | 86.80 | 84.98 | 86.37 |
| Basic Average Shares | 90.63 | 85.95 | 83.75 | 85.02 |
| Diluted NI Availto Com Stockholders | 74.10 | 45.60 | 35.25 | 51.47 |
| Minority Interests | 0 | 0 | -0.04 | 0.20 |
| Net Income Including Noncontrolling Interests | 74.10 | 45.60 | 35.29 | 51.27 |
| Net Income Continuous Operations | 74.10 | 45.60 | 35.29 | 51.27 |
| Other Income Expense | 19.54 | -8.54 | -1.26 | -1.72 |
| Special Income Charges | 19.54 | -8.54 | -1.28 | -1.66 |
| Other Special Charges | 0 | 0 | 0 | 1.09 |
| Restructuring And Mergern Acquisition | -19.54 | 8.54 | 1.28 | 0.57 |
| Earnings From Equity Interest | 0 | 0 | 0 | -0.06 |
| Gain On Sale Of Security | 0 | 0 | 0.01 | 0 |
| Net Non Operating Interest Income Expense | -21.64 | -33.14 | -35.89 | -34.20 |
| Interest Expense Non Operating | 21.64 | 33.14 | 35.89 | 34.20 |
| Other Operating Expenses | 9.32 | 6.45 | 19.34 | 11.88 |
| Depreciation Amortization Depletion Income Statement | 46.78 | 59.12 | 66.56 | 78.15 |
| Depreciation And Amortization In Income Statement | 46.78 | 59.12 | 66.56 | 78.15 |
| Amortization | 17.48 | 21.21 | 22.58 | 25.43 |
| Amortization Of Intangibles Income Statement | 17.48 | 21.21 | 22.58 | 25.43 |
| Depreciation Income Statement | 29.30 | 37.91 | 43.98 | 52.73 |
| General And Administrative Expense | 145.94 | 180.25 | 194.72 | 219.34 |
| Other Gand A | 145.94 | 180.25 | 194.72 | 219.34 |
| Operating Revenue | 953.74 | 1,150.90 | 1,207.26 | 1,276.01 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Accel Entertainment, Inc.this co. | ACEL | $1.0B | 20.82↓ discount | 3.81 | 18.8% | 7.10 |
| Liquidity Services, Inc. | LQDT | $1.1B | 38.52 | 5.32 | 13.8% | 20.26 |
| LGI Homes, Inc. | LGIH | $1.1B | 14.50 | 0.50 | 3.5% | 31.64 |
| Arhaus, Inc. | ARHS | $1.0B | 15.29 | 2.48 | 16.1% | 10.01 |
| Douglas Dynamics, Inc. | PLOW | $1.0B |
| 22.54 |
| 3.62 |
| 16.7% |
| 13.83 |
| ACV Auctions Inc. | ACVA | $958M | - | 2.10 | -15.4% | -24.26 |
| Biglari Holdings Inc. | BH | $934M | - | 0.35 | -7.2% | 3.32 |
| Winnebago Industries, Inc. | WGO | $928M | 36.15 | 0.76 | 2.1% | 11.45 |
| Gentherm Incorporated | THRM | $928M | 51.09 | 1.30 | 2.5% | 9.90 |
| Peer Median | - | 29.35 | 1.70 | 3.0% | 10.73 | |