Accel Entertainment, Inc. (ACEL) 10-Year Financial Performance & Capital Metrics

ACEL • • Industrial / General

Consumer CyclicalCasinos & GamingDistributed Gaming OperationsVideo Gaming Terminal Operators

AboutAccel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved 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 provides licensed establishment partners gaming solutions that appeal to players who patronize those businesses. In addition, it operates stand-alone ATMs in gaming and non-gaming locations, as well as amusement devices, including jukeboxes, dartboards, pool tables, pinball machines, and other related entertainment equipment. As of December 31, 2021, the company operated 13,639 video gaming terminals across 2,584 locations in Illinois. Accel Entertainment, Inc. is headquartered in Burr Ridge, Illinois.Show more

Revenue $1.23B +5.2%
EBITDA $157M -5.5%
Net Income $35M -22.7%
EPS (Diluted) 0.41 -22.6%
Gross Margin 30.18%
EBITDA Margin 12.79% -10.1%
Operating Margin 7.38% -19.5%
Net Margin 2.86% -26.5%
ROE 15.4% -36.3%
ROIC 12.95% -21.6%
Debt/Equity 2.30 -16.0%
Interest Coverage 2.53 -21.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.9%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.5%
✓Share count reduced 2.1% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗High debt to equity ratio of 2.3x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y23.49%

3Y18.77%

TTM7.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y3.76%

TTM1.84%

EPS CAGR

10Y-

5Y-

3Y7.5%

TTM1.41%

ROCE

10Y Avg7.4%

5Y Avg9.36%

3Y Avg12.94%

Latest10.49%

Peer Comparison

Video Gaming Terminal Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ACELAccel Entertainment, Inc.	968.54M	11.64	28.39	5.17%	3.34%	16.1%	5.64%	2.30
GDENGolden Entertainment, Inc.	728.95M	27.85	16.29	-36.68%	0.85%	1.26%	5.82%	1.06

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	248.44M	335.08M	428.7M	316.35M	734.71M	969.8M	1.17B	1.23B
Revenue Growth %	-	0.35%	0.28%	-0.26%	1.32%	0.32%	0.21%	0.05%
Cost of Goods Sold+	157.01M	217.46M	282.01M	211.09M	494.03M	670.9M	817.2M	859.47M
COGS % of Revenue	0.63%	0.65%	0.66%	0.67%	0.67%	0.69%	0.7%	0.7%
Gross Profit+	91.42M	117.62M	146.69M	105.27M	240.68M	298.9M	353.23M	371.5M
Gross Margin %	0.37%	0.35%	0.34%	0.33%	0.33%	0.31%	0.3%	0.3%
Gross Profit Growth %	-	0.29%	0.25%	-0.28%	1.29%	0.24%	0.18%	0.05%
Operating Expenses+	73.25M	92.75M	133.35M	129.94M	170.48M	202.04M	245.82M	280.62M
OpEx % of Revenue	0.29%	0.28%	0.31%	0.41%	0.23%	0.21%	0.21%	0.23%
Selling, General & Admin	376.37K	53.99M	69.03M	77.42M	110.82M	145.94M	178.85M	194.72M
SG&A % of Revenue	0%	0.16%	0.16%	0.24%	0.15%	0.15%	0.15%	0.16%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	72.88M	38.76M	64.32M	52.52M	59.66M	56.1M	66.97M	85.89M
Operating Income+	18.17M	24.87M	13.34M	-24.68M	70.19M	96.86M	107.41M	90.88M
Operating Margin %	0.07%	0.07%	0.03%	-0.08%	0.1%	0.1%	0.09%	0.07%
Operating Income Growth %	-	0.37%	-0.46%	-2.85%	3.84%	0.38%	0.11%	-0.15%
EBITDA+	41.43M	60.33M	57.71M	18.9M	116.87M	143.63M	166.52M	157.44M
EBITDA Margin %	0.17%	0.18%	0.13%	0.06%	0.16%	0.15%	0.14%	0.13%
EBITDA Growth %	-	0.46%	-0.04%	-0.67%	5.18%	0.23%	0.16%	-0.05%
D&A (Non-Cash Add-back)	23.26M	35.46M	44.37M	43.58M	46.68M	46.78M	59.12M	66.56M
EBIT	18.86M	24.87M	2.36M	-3.62M	59.28M	116.4M	98.87M	89.62M
Net Interest Income+	0	-9.64M	-12.86M	-13.71M	-12.7M	-21.64M	-33.14M	-35.89M
Interest Income	0	0	0	0	0	0	0	0
Interest Expense	0	9.64M	12.86M	13.71M	12.7M	21.64M	33.14M	35.89M
Other Income/Expense	-8.11M	-9.64M	-44.9M	7.35M	-23.62M	-2.09M	-41.68M	-37.16M
Pretax Income+	10.06M	15.22M	-31.57M	-17.33M	46.58M	94.76M	65.72M	53.73M
Pretax Margin %	0.04%	0.05%	-0.07%	-0.05%	0.06%	0.1%	0.06%	0.04%
Income Tax+	1.75M	4.42M	5.2M	-16.92M	15.02M	20.66M	20.12M	18.44M
Effective Tax Rate %	-0.04%	0.71%	1.16%	0.02%	0.68%	0.78%	0.69%	0.66%
Net Income+	-376.37K	10.8M	-36.76M	-410K	31.56M	74.1M	45.6M	35.25M
Net Margin %	-0%	0.03%	-0.09%	-0%	0.04%	0.08%	0.04%	0.03%
Net Income Growth %	-	29.7%	-4.4%	0.99%	77.97%	1.35%	-0.38%	-0.23%
Net Income (Continuing)	8.31M	10.8M	-36.76M	-410K	31.56M	74.1M	45.6M	35.29M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	4.28M
EPS (Diluted)+	-0.01	0.17	-0.25	-0.00	0.33	0.81	0.53	0.41
EPS Growth %	-	17.67%	-2.47%	0.98%	-	1.45%	-0.35%	-0.23%
EPS (Basic)	-0.01	0.19	-0.25	-0.00	0.34	0.82	0.53	0.42
Diluted Shares Outstanding	37.04M	62.18M	61.85M	83.05M	94.64M	91.23M	86.8M	84.98M
Basic Shares Outstanding	37.04M	57.62M	61.85M	83.05M	93.78M	90.63M	85.95M	83.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	506.8K	102.01M	151.5M	151.98M	248M	299.21M	312.59M	326.15M
Cash & Short-Term Investments	372.07K	92.23M	136.4M	134.45M	230.85M	256.18M	261.61M	281.31M
Cash Only	372.07K	92.23M	125.4M	134.45M	198.79M	224.11M	261.61M	281.31M
Short-Term Investments	0	0	11M	0	32.06M	32.06M	0	0
Accounts Receivable	0	2.1M	3.91M	3.34M	5.12M	11.17M	13.47M	10.55M
Days Sales Outstanding	-	2.29	3.33	3.85	2.54	4.2	4.2	3.13
Inventory	0	0	0	0	0	6.94M	7.68M	8.12M
Days Inventory Outstanding	-	-	-	-	-	3.78	3.43	3.45
Other Current Assets	0	5.14M	7.03M	8.64M	5.03M	17.52M	23.55M	17.23M
Total Non-Current Assets+	450M	456.92M	357.82M	443.3M	368.08M	563.56M	600.3M	722.25M
Property, Plant & Equipment	81.28M	92.44M	119.2M	143.56M	152.25M	211.84M	270.06M	308M
Fixed Asset Turnover	3.06x	3.62x	3.60x	2.20x	4.83x	4.58x	4.33x	4.00x
Goodwill	0	0	34.51M	45.75M	46.2M	100.71M	101.55M	116.25M
Intangible Assets	98.2M	140.03M	184.18M	167.73M	166.59M	230.66M	216.04M	279.82M
Long-Term Investments	450M	456.92M	0	30.13M	0	0	4.87M	0
Other Non-Current Assets	450M	689K	19.93M	17.25M	3.04M	20.34M	7.77M	18.18M
Total Assets+	450.51M	457.47M	509.32M	595.28M	616.07M	862.77M	912.89M	1.05B
Asset Turnover	0.55x	0.73x	0.84x	0.53x	1.19x	1.12x	1.28x	1.17x
Asset Growth %	-	0.02%	0.11%	0.17%	0.03%	0.4%	0.06%	0.15%
Total Current Liabilities+	157.39K	252.47K	54.95M	52.39M	71.83M	89.91M	109.65M	118.35M
Accounts Payable	0	12.41M	17.11M	23.67M	14.62M	22.3M	33.52M	41.94M
Days Payables Outstanding	-	20.84	22.15	40.92	10.8	12.13	14.97	17.81
Short-Term Debt	0	0	15M	19.86M	17.5M	23.47M	28.48M	34.44M
Deferred Revenue (Current)	-1000K	-1000K	0	0	0	0	0	0
Other Current Liabilities	-2.83M	-12.41M	0	3.01M	8.89M	10.61M	7.28M	12.12M
Current Ratio	3.22x	404.05x	2.76x	2.90x	3.45x	3.33x	2.85x	2.76x
Quick Ratio	3.22x	404.05x	2.76x	2.90x	3.45x	3.25x	2.78x	2.69x
Cash Conversion Cycle	-	-	-	-	-	-4.15	-7.34	-11.24
Total Non-Current Liabilities+	15.75M	15.75M	497.38M	415.02M	385.78M	594.27M	630.93M	670.74M
Long-Term Debt	0	183.28M	334.69M	325.95M	324.02M	518.57M	514.09M	560.94M
Capital Lease Obligations	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	8.89M	12.98M	35.04M	2.25M	37.02M	42.75M	47.37M
Other Non-Current Liabilities	15.75M	-167.53M	149.71M	54.02M	59.51M	38.69M	74.09M	62.43M
Total Liabilities	15.91M	16M	552.33M	467.41M	457.61M	684.18M	714.49M	789.09M
Total Debt+	178.44M	250.69M	349.69M	345.81M	341.52M	542.03M	542.57M	595.38M
Net Debt	178.07M	250.17M	224.29M	211.36M	142.74M	317.92M	280.96M	314.07M
Debt / Equity	0.41x	0.57x	-	2.70x	2.16x	3.04x	2.73x	2.30x
Debt / EBITDA	4.31x	4.16x	6.06x	18.30x	2.92x	3.77x	3.26x	3.78x
Net Debt / EBITDA	4.30x	4.15x	3.89x	11.18x	1.22x	2.21x	1.69x	1.99x
Interest Coverage	-	2.58x	1.04x	-1.80x	5.53x	4.48x	3.24x	2.53x
Total Equity+	434.6M	441.46M	-43.01M	127.87M	158.46M	178.59M	198.4M	259.31M
Equity Growth %	-	0.02%	-1.1%	3.97%	0.24%	0.13%	0.11%	0.31%
Book Value per Share	11.73	7.10	-0.70	1.54	1.67	1.96	2.29	3.05
Total Shareholders' Equity	434.6M	441.46M	-43.01M	127.87M	158.46M	178.59M	198.4M	255.03M
Common Stock	429.6M	436.47M	8K	9K	9K	9K	8K	8K
Retained Earnings	-376.37K	5M	-51.37M	-51.78M	-20.22M	53.88M	99.48M	134.74M
Treasury Stock	0	0	0	0	-8.98M	-81.7M	-112.07M	-105.48M
Accumulated OCI	-3.27M	0	0	93K	0	12.24M	7.94M	4.14M
Minority Interest	0	0	0	0	0	0	0	4.28M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-474.5K	140.75K	45.56M	-3.71M	110.75M	108M	132.53M	121.19M
Operating CF Margin %	-0%	0%	0.11%	-0.01%	0.15%	0.11%	0.11%	0.1%
Operating CF Growth %	-	1.3%	322.72%	-1.08%	30.89%	-0.02%	0.23%	-0.09%
Net Income	-376.37K	6.87M	-36.76M	-410K	31.56M	74.1M	45.6M	35.29M
Depreciation & Amortization	23.26M	35.46M	44.37M	43.58M	46.68M	46.78M	59.12M	66.56M
Stock-Based Compensation	804K	453K	2.24M	5.54M	6.4M	0	9.42M	12.2M
Deferred Taxes	0	4.3M	4.08M	-16.84M	6.11M	13.43M	7.35M	-2.39M
Other Non-Cash Items	9.09M	750K	44.38M	-18.36M	17.9M	-15.08M	7.43M	10.99M
Working Capital Changes	-98.13K	-7.47M	-12.74M	-17.22M	2.11M	-11.24M	3.61M	-1.45M
Change in Receivables	0	-1.44M	-1.8M	566K	3.34M	-2M	0	5.01M
Change in Inventory	0	0	0	0	-3.34M	-500K	0	-343K
Change in Payables	0	-2.65M	-899K	-16.88M	3.74M	1.79M	15.47M	-1.24M
Cash from Investing+	-450M	-73.55M	-151.53M	-61.44M	-34.54M	-189.26M	-59.79M	-124.15M
Capital Expenditures	-23.63M	-23.33M	-20.8M	-25.76M	-29.75M	-47.38M	-81.74M	-66.54M
CapEx % of Revenue	0.1%	0.07%	0.05%	0.08%	0.04%	0.05%	0.07%	0.05%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-450M	1.09M	121K	95K	1.41M	0	1.68M	983K
Cash from Financing+	450.85M	46.12M	139.14M	74.19M	-11.88M	106.59M	-35.24M	22.65M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	821.58K	-951K	13.8M	-5.3M	-1.09M	-10.15M	-5.15M	-3.63M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.1M	-23.19M	24.77M	-29.47M	81M	60.62M	50.79M	54.65M
FCF Margin %	-0.1%	-0.07%	0.06%	-0.09%	0.11%	0.06%	0.04%	0.04%
FCF Growth %	-	0.04%	2.07%	-2.19%	3.75%	-0.25%	-0.16%	0.08%
FCF per Share	-0.65	-0.37	0.40	-0.35	0.86	0.66	0.59	0.64
FCF Conversion (FCF/Net Income)	1.26x	0.01x	-1.24x	9.04x	3.51x	1.46x	2.91x	3.44x
Interest Paid	0	8.72M	12.02M	12.85M	9.65M	0	30.25M	32.77M
Taxes Paid	0	1.59M	1.76M	0	8.59M	0	11.74M	22.31M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.09%	2.47%	-18.45%	-0.97%	22.04%	43.97%	24.19%	15.4%
Return on Invested Capital (ROIC)	2.22%	3.08%	2.56%	-7.11%	16.44%	18.21%	16.51%	12.95%
Gross Margin	36.8%	35.1%	34.22%	33.27%	32.76%	30.82%	30.18%	30.18%
Net Margin	-0.15%	3.22%	-8.58%	-0.13%	4.3%	7.64%	3.9%	2.86%
Debt / Equity	0.41x	0.57x	-	2.70x	2.16x	3.04x	2.73x	2.30x
Interest Coverage	-	2.58x	1.04x	-1.80x	5.53x	4.48x	3.24x	2.53x
FCF Conversion	1.26x	0.01x	-1.24x	9.04x	3.51x	1.46x	2.91x	3.44x
Revenue Growth	-	34.88%	27.94%	-26.21%	132.24%	32%	20.69%	5.17%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Video Gaming	410.64M	300.52M	705.78M	925.01M	1.11B	1.17B
Video Gaming Growth	-	-26.82%	134.85%	31.06%	20.39%	5.32%
ATM Fees And Other Revenue	7.84M	6.58M	12.26M	16.06M	19.52M	23.72M
ATM Fees And Other Revenue Growth	-	-15.98%	86.12%	31.05%	21.54%	21.49%
Amusement	5.91M	9.25M	16.67M	21.11M	23.97M	22.24M
Amusement Growth	-	56.41%	80.24%	26.63%	13.58%	-7.21%
Manufacturing	-	-	-	7.62M	13.35M	12.23M
Manufacturing Growth	-	-	-	-	75.21%	-8.37%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
ILLINOIS	-	-	-	808.65M	867.2M	906.57M
ILLINOIS Growth	-	-	-	-	7.24%	4.54%
MONTANA	-	-	-	79.64M	154.4M	161.7M
MONTANA Growth	-	-	-	-	93.88%	4.73%
NEVADA	-	-	-	66.99M	117.07M	114.55M
NEVADA Growth	-	-	-	-	74.77%	-2.16%
NEBRASKA	-	-	-	-	19.04M	25.38M
NEBRASKA Growth	-	-	-	-	-	33.30%
Other States	-	-	-	-	-	17.32M
Other States Growth	-	-	-	-	-	-
LOUISIANA	-	-	-	-	-	5.45M
LOUISIANA Growth	-	-	-	-	-	-
Other State	-	-	-	14.52M	12.7M	-
Other State Growth	-	-	-	-	-12.51%	-

Frequently Asked Questions

Valuation & Price

Accel Entertainment, Inc. (ACEL) has a price-to-earnings (P/E) ratio of 28.4x. This suggests investors expect higher future growth.

Growth & Financials

Accel Entertainment, Inc. (ACEL) reported $1.31B in revenue for fiscal year 2024. This represents a 426% increase from $248.4M in 2017.

Accel Entertainment, Inc. (ACEL) grew revenue by 5.2% over the past year. This is steady growth.

Yes, Accel Entertainment, Inc. (ACEL) is profitable, generating $43.7M in net income for fiscal year 2024 (2.9% net margin).

Dividend & Returns

Accel Entertainment, Inc. (ACEL) has a return on equity (ROE) of 15.4%. This is reasonable for most industries.

Accel Entertainment, Inc. (ACEL) generated $48.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Accel Entertainment, Inc. (ACEL) 10-Year Financial Performance & Capital Metrics

ACEL • • Industrial / General

Consumer CyclicalCasinos & GamingDistributed Gaming OperationsVideo Gaming Terminal Operators

Revenue $1.23B +5.2%
EBITDA $157M -5.5%
Net Income $35M -22.7%
EPS (Diluted) 0.41 -22.6%
Gross Margin 30.18%
EBITDA Margin 12.79% -10.1%
Operating Margin 7.38% -19.5%
Net Margin 2.86% -26.5%
ROE 15.4% -36.3%
ROIC 12.95% -21.6%
Debt/Equity 2.30 -16.0%
Interest Coverage 2.53 -21.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.9%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.5%
✓Share count reduced 2.1% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗High debt to equity ratio of 2.3x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y23.49%

3Y18.77%

TTM7.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y3.76%

TTM1.84%

EPS CAGR

10Y-

5Y-

3Y7.5%

TTM1.41%

ROCE

10Y Avg7.4%

5Y Avg9.36%

3Y Avg12.94%

Latest10.49%

Peer Comparison

Video Gaming Terminal Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ACELAccel Entertainment, Inc.	968.54M	11.64	28.39	5.17%	3.34%	16.1%	5.64%	2.30
GDENGolden Entertainment, Inc.	728.95M	27.85	16.29	-36.68%	0.85%	1.26%	5.82%	1.06

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	248.44M	335.08M	428.7M	316.35M	734.71M	969.8M	1.17B	1.23B
Revenue Growth %	-	0.35%	0.28%	-0.26%	1.32%	0.32%	0.21%	0.05%
Cost of Goods Sold+	157.01M	217.46M	282.01M	211.09M	494.03M	670.9M	817.2M	859.47M
COGS % of Revenue	0.63%	0.65%	0.66%	0.67%	0.67%	0.69%	0.7%	0.7%
Gross Profit+	91.42M	117.62M	146.69M	105.27M	240.68M	298.9M	353.23M	371.5M
Gross Margin %	0.37%	0.35%	0.34%	0.33%	0.33%	0.31%	0.3%	0.3%
Gross Profit Growth %	-	0.29%	0.25%	-0.28%	1.29%	0.24%	0.18%	0.05%
Operating Expenses+	73.25M	92.75M	133.35M	129.94M	170.48M	202.04M	245.82M	280.62M
OpEx % of Revenue	0.29%	0.28%	0.31%	0.41%	0.23%	0.21%	0.21%	0.23%
Selling, General & Admin	376.37K	53.99M	69.03M	77.42M	110.82M	145.94M	178.85M	194.72M
SG&A % of Revenue	0%	0.16%	0.16%	0.24%	0.15%	0.15%	0.15%	0.16%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	72.88M	38.76M	64.32M	52.52M	59.66M	56.1M	66.97M	85.89M
Operating Income+	18.17M	24.87M	13.34M	-24.68M	70.19M	96.86M	107.41M	90.88M
Operating Margin %	0.07%	0.07%	0.03%	-0.08%	0.1%	0.1%	0.09%	0.07%
Operating Income Growth %	-	0.37%	-0.46%	-2.85%	3.84%	0.38%	0.11%	-0.15%
EBITDA+	41.43M	60.33M	57.71M	18.9M	116.87M	143.63M	166.52M	157.44M
EBITDA Margin %	0.17%	0.18%	0.13%	0.06%	0.16%	0.15%	0.14%	0.13%
EBITDA Growth %	-	0.46%	-0.04%	-0.67%	5.18%	0.23%	0.16%	-0.05%
D&A (Non-Cash Add-back)	23.26M	35.46M	44.37M	43.58M	46.68M	46.78M	59.12M	66.56M
EBIT	18.86M	24.87M	2.36M	-3.62M	59.28M	116.4M	98.87M	89.62M
Net Interest Income+	0	-9.64M	-12.86M	-13.71M	-12.7M	-21.64M	-33.14M	-35.89M
Interest Income	0	0	0	0	0	0	0	0
Interest Expense	0	9.64M	12.86M	13.71M	12.7M	21.64M	33.14M	35.89M
Other Income/Expense	-8.11M	-9.64M	-44.9M	7.35M	-23.62M	-2.09M	-41.68M	-37.16M
Pretax Income+	10.06M	15.22M	-31.57M	-17.33M	46.58M	94.76M	65.72M	53.73M
Pretax Margin %	0.04%	0.05%	-0.07%	-0.05%	0.06%	0.1%	0.06%	0.04%
Income Tax+	1.75M	4.42M	5.2M	-16.92M	15.02M	20.66M	20.12M	18.44M
Effective Tax Rate %	-0.04%	0.71%	1.16%	0.02%	0.68%	0.78%	0.69%	0.66%
Net Income+	-376.37K	10.8M	-36.76M	-410K	31.56M	74.1M	45.6M	35.25M
Net Margin %	-0%	0.03%	-0.09%	-0%	0.04%	0.08%	0.04%	0.03%
Net Income Growth %	-	29.7%	-4.4%	0.99%	77.97%	1.35%	-0.38%	-0.23%
Net Income (Continuing)	8.31M	10.8M	-36.76M	-410K	31.56M	74.1M	45.6M	35.29M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	4.28M
EPS (Diluted)+	-0.01	0.17	-0.25	-0.00	0.33	0.81	0.53	0.41
EPS Growth %	-	17.67%	-2.47%	0.98%	-	1.45%	-0.35%	-0.23%
EPS (Basic)	-0.01	0.19	-0.25	-0.00	0.34	0.82	0.53	0.42
Diluted Shares Outstanding	37.04M	62.18M	61.85M	83.05M	94.64M	91.23M	86.8M	84.98M
Basic Shares Outstanding	37.04M	57.62M	61.85M	83.05M	93.78M	90.63M	85.95M	83.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	506.8K	102.01M	151.5M	151.98M	248M	299.21M	312.59M	326.15M
Cash & Short-Term Investments	372.07K	92.23M	136.4M	134.45M	230.85M	256.18M	261.61M	281.31M
Cash Only	372.07K	92.23M	125.4M	134.45M	198.79M	224.11M	261.61M	281.31M
Short-Term Investments	0	0	11M	0	32.06M	32.06M	0	0
Accounts Receivable	0	2.1M	3.91M	3.34M	5.12M	11.17M	13.47M	10.55M
Days Sales Outstanding	-	2.29	3.33	3.85	2.54	4.2	4.2	3.13
Inventory	0	0	0	0	0	6.94M	7.68M	8.12M
Days Inventory Outstanding	-	-	-	-	-	3.78	3.43	3.45
Other Current Assets	0	5.14M	7.03M	8.64M	5.03M	17.52M	23.55M	17.23M
Total Non-Current Assets+	450M	456.92M	357.82M	443.3M	368.08M	563.56M	600.3M	722.25M
Property, Plant & Equipment	81.28M	92.44M	119.2M	143.56M	152.25M	211.84M	270.06M	308M
Fixed Asset Turnover	3.06x	3.62x	3.60x	2.20x	4.83x	4.58x	4.33x	4.00x
Goodwill	0	0	34.51M	45.75M	46.2M	100.71M	101.55M	116.25M
Intangible Assets	98.2M	140.03M	184.18M	167.73M	166.59M	230.66M	216.04M	279.82M
Long-Term Investments	450M	456.92M	0	30.13M	0	0	4.87M	0
Other Non-Current Assets	450M	689K	19.93M	17.25M	3.04M	20.34M	7.77M	18.18M
Total Assets+	450.51M	457.47M	509.32M	595.28M	616.07M	862.77M	912.89M	1.05B
Asset Turnover	0.55x	0.73x	0.84x	0.53x	1.19x	1.12x	1.28x	1.17x
Asset Growth %	-	0.02%	0.11%	0.17%	0.03%	0.4%	0.06%	0.15%
Total Current Liabilities+	157.39K	252.47K	54.95M	52.39M	71.83M	89.91M	109.65M	118.35M
Accounts Payable	0	12.41M	17.11M	23.67M	14.62M	22.3M	33.52M	41.94M
Days Payables Outstanding	-	20.84	22.15	40.92	10.8	12.13	14.97	17.81
Short-Term Debt	0	0	15M	19.86M	17.5M	23.47M	28.48M	34.44M
Deferred Revenue (Current)	-1000K	-1000K	0	0	0	0	0	0
Other Current Liabilities	-2.83M	-12.41M	0	3.01M	8.89M	10.61M	7.28M	12.12M
Current Ratio	3.22x	404.05x	2.76x	2.90x	3.45x	3.33x	2.85x	2.76x
Quick Ratio	3.22x	404.05x	2.76x	2.90x	3.45x	3.25x	2.78x	2.69x
Cash Conversion Cycle	-	-	-	-	-	-4.15	-7.34	-11.24
Total Non-Current Liabilities+	15.75M	15.75M	497.38M	415.02M	385.78M	594.27M	630.93M	670.74M
Long-Term Debt	0	183.28M	334.69M	325.95M	324.02M	518.57M	514.09M	560.94M
Capital Lease Obligations	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	8.89M	12.98M	35.04M	2.25M	37.02M	42.75M	47.37M
Other Non-Current Liabilities	15.75M	-167.53M	149.71M	54.02M	59.51M	38.69M	74.09M	62.43M
Total Liabilities	15.91M	16M	552.33M	467.41M	457.61M	684.18M	714.49M	789.09M
Total Debt+	178.44M	250.69M	349.69M	345.81M	341.52M	542.03M	542.57M	595.38M
Net Debt	178.07M	250.17M	224.29M	211.36M	142.74M	317.92M	280.96M	314.07M
Debt / Equity	0.41x	0.57x	-	2.70x	2.16x	3.04x	2.73x	2.30x
Debt / EBITDA	4.31x	4.16x	6.06x	18.30x	2.92x	3.77x	3.26x	3.78x
Net Debt / EBITDA	4.30x	4.15x	3.89x	11.18x	1.22x	2.21x	1.69x	1.99x
Interest Coverage	-	2.58x	1.04x	-1.80x	5.53x	4.48x	3.24x	2.53x
Total Equity+	434.6M	441.46M	-43.01M	127.87M	158.46M	178.59M	198.4M	259.31M
Equity Growth %	-	0.02%	-1.1%	3.97%	0.24%	0.13%	0.11%	0.31%
Book Value per Share	11.73	7.10	-0.70	1.54	1.67	1.96	2.29	3.05
Total Shareholders' Equity	434.6M	441.46M	-43.01M	127.87M	158.46M	178.59M	198.4M	255.03M
Common Stock	429.6M	436.47M	8K	9K	9K	9K	8K	8K
Retained Earnings	-376.37K	5M	-51.37M	-51.78M	-20.22M	53.88M	99.48M	134.74M
Treasury Stock	0	0	0	0	-8.98M	-81.7M	-112.07M	-105.48M
Accumulated OCI	-3.27M	0	0	93K	0	12.24M	7.94M	4.14M
Minority Interest	0	0	0	0	0	0	0	4.28M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-474.5K	140.75K	45.56M	-3.71M	110.75M	108M	132.53M	121.19M
Operating CF Margin %	-0%	0%	0.11%	-0.01%	0.15%	0.11%	0.11%	0.1%
Operating CF Growth %	-	1.3%	322.72%	-1.08%	30.89%	-0.02%	0.23%	-0.09%
Net Income	-376.37K	6.87M	-36.76M	-410K	31.56M	74.1M	45.6M	35.29M
Depreciation & Amortization	23.26M	35.46M	44.37M	43.58M	46.68M	46.78M	59.12M	66.56M
Stock-Based Compensation	804K	453K	2.24M	5.54M	6.4M	0	9.42M	12.2M
Deferred Taxes	0	4.3M	4.08M	-16.84M	6.11M	13.43M	7.35M	-2.39M
Other Non-Cash Items	9.09M	750K	44.38M	-18.36M	17.9M	-15.08M	7.43M	10.99M
Working Capital Changes	-98.13K	-7.47M	-12.74M	-17.22M	2.11M	-11.24M	3.61M	-1.45M
Change in Receivables	0	-1.44M	-1.8M	566K	3.34M	-2M	0	5.01M
Change in Inventory	0	0	0	0	-3.34M	-500K	0	-343K
Change in Payables	0	-2.65M	-899K	-16.88M	3.74M	1.79M	15.47M	-1.24M
Cash from Investing+	-450M	-73.55M	-151.53M	-61.44M	-34.54M	-189.26M	-59.79M	-124.15M
Capital Expenditures	-23.63M	-23.33M	-20.8M	-25.76M	-29.75M	-47.38M	-81.74M	-66.54M
CapEx % of Revenue	0.1%	0.07%	0.05%	0.08%	0.04%	0.05%	0.07%	0.05%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-450M	1.09M	121K	95K	1.41M	0	1.68M	983K
Cash from Financing+	450.85M	46.12M	139.14M	74.19M	-11.88M	106.59M	-35.24M	22.65M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	821.58K	-951K	13.8M	-5.3M	-1.09M	-10.15M	-5.15M	-3.63M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.1M	-23.19M	24.77M	-29.47M	81M	60.62M	50.79M	54.65M
FCF Margin %	-0.1%	-0.07%	0.06%	-0.09%	0.11%	0.06%	0.04%	0.04%
FCF Growth %	-	0.04%	2.07%	-2.19%	3.75%	-0.25%	-0.16%	0.08%
FCF per Share	-0.65	-0.37	0.40	-0.35	0.86	0.66	0.59	0.64
FCF Conversion (FCF/Net Income)	1.26x	0.01x	-1.24x	9.04x	3.51x	1.46x	2.91x	3.44x
Interest Paid	0	8.72M	12.02M	12.85M	9.65M	0	30.25M	32.77M
Taxes Paid	0	1.59M	1.76M	0	8.59M	0	11.74M	22.31M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.09%	2.47%	-18.45%	-0.97%	22.04%	43.97%	24.19%	15.4%
Return on Invested Capital (ROIC)	2.22%	3.08%	2.56%	-7.11%	16.44%	18.21%	16.51%	12.95%
Gross Margin	36.8%	35.1%	34.22%	33.27%	32.76%	30.82%	30.18%	30.18%
Net Margin	-0.15%	3.22%	-8.58%	-0.13%	4.3%	7.64%	3.9%	2.86%
Debt / Equity	0.41x	0.57x	-	2.70x	2.16x	3.04x	2.73x	2.30x
Interest Coverage	-	2.58x	1.04x	-1.80x	5.53x	4.48x	3.24x	2.53x
FCF Conversion	1.26x	0.01x	-1.24x	9.04x	3.51x	1.46x	2.91x	3.44x
Revenue Growth	-	34.88%	27.94%	-26.21%	132.24%	32%	20.69%	5.17%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Video Gaming	410.64M	300.52M	705.78M	925.01M	1.11B	1.17B
Video Gaming Growth	-	-26.82%	134.85%	31.06%	20.39%	5.32%
ATM Fees And Other Revenue	7.84M	6.58M	12.26M	16.06M	19.52M	23.72M
ATM Fees And Other Revenue Growth	-	-15.98%	86.12%	31.05%	21.54%	21.49%
Amusement	5.91M	9.25M	16.67M	21.11M	23.97M	22.24M
Amusement Growth	-	56.41%	80.24%	26.63%	13.58%	-7.21%
Manufacturing	-	-	-	7.62M	13.35M	12.23M
Manufacturing Growth	-	-	-	-	75.21%	-8.37%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
ILLINOIS	-	-	-	808.65M	867.2M	906.57M
ILLINOIS Growth	-	-	-	-	7.24%	4.54%
MONTANA	-	-	-	79.64M	154.4M	161.7M
MONTANA Growth	-	-	-	-	93.88%	4.73%
NEVADA	-	-	-	66.99M	117.07M	114.55M
NEVADA Growth	-	-	-	-	74.77%	-2.16%
NEBRASKA	-	-	-	-	19.04M	25.38M
NEBRASKA Growth	-	-	-	-	-	33.30%
Other States	-	-	-	-	-	17.32M
Other States Growth	-	-	-	-	-	-
LOUISIANA	-	-	-	-	-	5.45M
LOUISIANA Growth	-	-	-	-	-	-
Other State	-	-	-	14.52M	12.7M	-
Other State Growth	-	-	-	-	-12.51%	-

Frequently Asked Questions

Valuation & Price

Accel Entertainment, Inc. (ACEL) has a price-to-earnings (P/E) ratio of 28.4x. This suggests investors expect higher future growth.

Growth & Financials

Accel Entertainment, Inc. (ACEL) reported $1.31B in revenue for fiscal year 2024. This represents a 426% increase from $248.4M in 2017.

Accel Entertainment, Inc. (ACEL) grew revenue by 5.2% over the past year. This is steady growth.

Yes, Accel Entertainment, Inc. (ACEL) is profitable, generating $43.7M in net income for fiscal year 2024 (2.9% net margin).

Dividend & Returns

Accel Entertainment, Inc. (ACEL) has a return on equity (ROE) of 15.4%. This is reasonable for most industries.

Accel Entertainment, Inc. (ACEL) generated $48.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.