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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 | 19.1% | 8.1% | 46.0% |
| 2024 | $1.2B | $156M | $35M | $55M | 13.8% | 5.2% | -22.7% |
| 2023 | $1.2B | $158M | $46M | $51M | 23.0% | 20.7% | -38.5% |
| 2022 | $970M | $163M | $74M | $61M | 41.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 969.80 | 1,170.42 | 1,230.97 | 1,330.96 |
| Operating Revenue | - | 953.74 | 1,150.90 | 1,207.26 | 1,276.01 |
| Cost Of Revenue | - | 670.90 | 817.20 | 859.47 | 913.75 |
| Gross Profit | - | 298.90 | 353.22 | 371.50 | 417.21 |
| Operating Expense | - | 202.04 | 245.82 | 280.62 | 309.36 |
| Selling General And Administration | - | 145.94 | 180.25 | 194.72 | 219.34 |
| Total Expenses | - | 872.94 | 1,063.01 | 1,140.09 | 1,223.11 |
| Operating Income | - | 96.86 | 107.41 | 90.88 | 107.85 |
| Total Operating Income As Reported | - | 96.86 | 107.41 | 90.88 | 107.85 |
| EBITDA | - | 163.18 | 157.99 | 156.18 | 184.28 |
| Normalized EBITDA | - | 143.63 | 166.52 | 157.44 | 185.94 |
| EBIT | - | 116.40 | 98.87 | 89.62 | 106.13 |
| Interest Expense | - | 21.64 | 33.14 | 35.89 | 34.20 |
| Net Interest Income | - | -21.64 | -33.14 | -35.89 | -34.20 |
| Other Income Expense | - | 19.54 | -8.54 | -1.26 | -1.72 |
| Interest Expense Non Operating | - | 21.64 | 33.14 | 35.89 | 34.20 |
| Net Non Operating Interest Income Expense | - | -21.64 | -33.14 | -35.89 | -34.20 |
| Pretax Income | - | 94.76 | 65.72 | 53.73 | 71.93 |
| Tax Provision | - | 20.66 | 20.12 | 18.44 | 20.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 4.26 | -2.61 | -0.43 | -0.48 |
| Net Income Continuous Operations | - | 74.10 | 45.60 | 35.29 | 51.27 |
| Net Income From Continuing And Discontinued Operation | - | 74.10 | 45.60 | 35.25 | 51.47 |
| Net Income From Continuing Operation Net Minority Interest | - | 74.10 | 45.60 | 35.25 | 51.47 |
| Net Income | - | 74.10 | 45.60 | 35.25 | 51.47 |
| Net Income Common Stockholders | - | 74.10 | 45.60 | 35.25 | 51.47 |
| Net Income Including Noncontrolling Interests | - | 74.10 | 45.60 | 35.29 | 51.27 |
| Normalized Income | - | 58.82 | 51.53 | 36.08 | 52.66 |
| Diluted NI Availto Com Stockholders | - | 74.10 | 45.60 | 35.25 | 51.47 |
| Basic Average Shares | - | 90.63 | 85.95 | 83.75 | 85.02 |
| Diluted Average Shares | - | 91.23 | 86.80 | 84.98 | 86.37 |
| Reconciled Depreciation | - | 46.78 | 59.12 | 66.56 | 78.15 |
| Reconciled Cost Of Revenue | - | 670.90 | 817.20 | 859.47 | 913.75 |
| Total Unusual Items | - | 19.54 | -8.54 | -1.26 | -1.66 |
| Total Unusual Items Excluding Goodwill | - | 19.54 | -8.54 | -1.26 | -1.66 |
| Minority Interests | - | 0 | 0 | -0.04 | 0.20 |
| Special Income Charges | - | 19.54 | -8.54 | -1.28 | -1.66 |
| Other Special Charges | 1.15 | - | - | - | 1.09 |
| Restructuring And Mergern Acquisition | - | -19.54 | 8.54 | 1.28 | 0.57 |
| Gain On Sale Of Security | - | - | - | 0.01 | - |
| 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 |
| General And Administrative Expense | - | 145.94 | 180.25 | 194.72 | 219.34 |
| Other Gand A | - | 145.94 | 180.25 | 194.72 | 219.34 |
| Other Operating Expenses | - | 9.32 | 6.45 | 19.34 | 11.88 |
| Earnings From Equity Interest | - | - | 0 | 0 | -0.06 |
| Amortization | - | 17.48 | 21.21 | 22.58 | 25.42 |
| Amortization Of Intangibles Income Statement | - | 17.48 | 21.21 | 22.58 | 25.42 |
| Depreciation Income Statement | - | 29.30 | 37.91 | 43.98 | 52.72 |
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 | $982M | 19.09 | 3.64 | 19.1% | 7.02 |
| Papa John's International, Inc. | PZZA | $1.1B | 34.79 | -2.39 | -6.9% | 10.83 |
| Douglas Dynamics, Inc. | PLOW | $1.0B | 22.07 | 3.68 | 16.7% | 14.00 |
| ACV Auctions Inc. | ACVA | $1.0B | - | 2.39 | -15.4% | - |
| MillerKnoll, Inc. | MLKN | $1.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| -27.33 |
| 0.79 |
| -2.9% |
| 13.45 |
| Arhaus, Inc. | ARHS | $940M | 13.97 | 2.25 | 16.1% | 7.10 |
| Biglari Holdings Inc. | BH | $930M | -24.80 | 1.78 | -7.2% | 151.51 |
| Petco Health and Wellness Company, Inc. | WOOF | $926M | 102.17 | 0.80 | 0.8% | 10.95 |
| BJ's Restaurants, Inc. | BJRI | $902M | 18.47 | 2.46 | 13.3% | 10.59 |
| Peer Median | - | 18.47 | 2.01 | -1.1% | 10.95 | |