Accel Entertainment, Inc.

ACEL Consumer Cyclical Gambling

Accel Entertainment, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 8.12% from fiscal 2024.

Revenue
+10.3%
EPS
+57.1%
Free cash flow
+79.7%
Total debt
−4.92%

Quarter to September 2026, against a year earlier

13.72 0.30 +2.24%
Market cap
$1.1B
P/E
17.6×
Fwd P/E
16.1×
Dividend yield
—
F-score
6/9
Altman Z
2.69
Beneish M
−2.17
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.58
Sold, $m 14.40
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — —
Sell 4 1 1 8 1 1 3 — 1 2 — 1
Insider Ownership 35.33%

Capital & Financial Ratios $m

Size
Market Cap 1,110.00
Revenue ttm 1,424.68
Net income ttm 63.87
Free cash flow ttm 107.95
Net debt Q 271.74
Valuation
P/E 17.56
Forward P/E 16.10
Price / sales 0.79
Forward P/S Powerpack
Price / FCF 10.41
Price / book 3.69
Financial health
Current ratio Q 2.27 (at or above 1.5: strong)
Debt / equity Q 1.86
Interest coverage Q 3.30
Growth
Revenue growth Q +10.27% (above 0%: growing)
Operating income growth Q +13.56% (above 0%: growing)
EPS, this year −7.39% (below 0%: weak)
EPS, next year A +10.23%
Revenue, next year A +8.49%
EPS, past 5 yrs —
EPS, next 5 yrs A +6.42%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 18.03%
10-year low 10-year high
P/S against its own 10 years 38.33%
10-year low 10-year high
P/B against its own 10 years 14.52%
10-year low 10-year high
EV/Sales against its own 10 years 20.91%
10-year low 10-year high
EV/FCF against its own 10 years 1.37%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 262 281 297 294
Receivables 13 12 23 17
Inventory 8 8 8 10
Other 24 16 8 8
313 326 343 338
2023 2024 2025 Q'26
Payables 36 42 51 51
ST’ Debt 28 34 38 30
Other 2 2 2 3
110 118 131 149

Compound Annual Growth %

10y 5y 3y
Sales — 33.29% 11.13%
Cash Flow — 0.00% 11.79%
Earnings — 0.00% (11.44%)
Book Value — 16.10% 14.73%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.17 0.15 0.25 — —
’25 0.17 0.08 0.16 0.19 0.60
’24 0.09 0.17 0.06 0.09 0.41
’23 0.11 0.11 0.12 0.19 0.53
’22 0.17 0.24 0.25 0.15 0.81
’21 0.02 0.13 0.11 0.07 0.33
’20 0.61 (0.60) 0.08 (0.10) 0.00
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 352 368 364 — —
’25 324 336 330 341 1,331
’24 302 309 302 318 1,231
’23 293 293 287 297 1,170
’22 197 228 267 278 970
’21 147 202 193 192 735
’20 106 0 135 74 316
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 43 20 79 — —
’25 45 20 55 31 151
’24 29 29 50 14 121
’23 38 26 28 41 133
’22 22 19 37 30 108
’21 22 33 26 30 111
’20 (4) (13) 21 (8) (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 20 10 62 — —
’25 19 (6) 35 16 64
’24 8 12 33 2 56
’23 17 6 10 19 52
’22 16 14 18 16 63
’21 20 24 19 20 82
’20 (8) (13) 8 (16) (29)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 248 335 429 316 735 970 1,170 1,231 1,331 1,425 +23.3% 1,444 1,508 1,583 +6.0%
Gross margin, % — 36.80 35.10 34.22 33.27 32.76 30.82 30.18 30.18 31.35 31.37 (5.4) pt
EBT — 10 15 (32) (17) 47 95 66 54 72 86 +27.9%
EBT margin, % — 4.05 4.54 (7.36) (5.48) 6.34 9.77 5.62 4.36 5.40 6.07 +1.3 pt
Net income — 8 11 (37) 0 32 74 46 35 51 64 +25.5%
Per share, $
Per share, $ Revenue — 4.41 5.82 6.93 3.81 7.83 10.70 13.62 14.70 15.65 17.39 +17.2%
Earnings — 0.15 0.19 (0.59) 0.00 0.34 0.82 0.53 0.42 0.61 0.78 +19.4%
Cash flow — 0.59 0.77 0.74 (0.04) 1.18 1.19 1.54 1.45 1.77 2.11 +14.8%
Capex — (0.41) (0.38) (0.33) (0.31) (0.30) (0.50) (0.93) (0.78) (1.03) (0.80) +12.0%
Free cash flow — 0.17 0.39 0.40 (0.35) 0.88 0.69 0.61 0.66 0.75 1.32 +20.1%
Book value — 0.09 0.99 (0.70) 1.54 1.69 1.97 2.31 3.05 3.17 3.72 +56.4%
Shares, m — 56 58 62 83 94 91 86 84 85 83 +5.3%
Valuation, ×
Valuation, × P/E — 65.92 54.59 0.00 0.00 38.29 9.67 19.15 26.05 18.40 17.56 25.8
P/S — 0.00 0.00 1.80 2.65 1.66 0.74 0.76 0.73 0.73 0.79 1.0
P/B — 109.60 10.09 0.00 6.56 7.71 4.02 4.48 3.51 3.60 3.69 16.6
EV/Sales — 0.00 0.00 2.30 3.30 1.81 1.04 1.00 0.98 0.96 0.98 1.3
EV/FCF — 16.55 16.13 39.63 (35.93) 16.16 16.01 22.29 21.72 20.15 12.93 14.7
Cash, $m
Cash, $m Operating cash flow — 33 44 46 (4) 111 108 133 121 151 173 +20.9%
Capex — (23) (22) (21) (25) (28) (45) (80) (66) (87) (65) +17.9%
Free cash flow — 10 22 25 (29) 82 63 52 56 64 108 +26.4%
Balance, $m
Balance, $m Working capital — 0 16 97 100 176 209 203 208 212 189 +122.7%
Net debt — 0 139 213 206 111 286 281 314 311 272 n/m
Shareholders’ equity — 5 57 (43) 128 158 179 198 255 270 305 +64.6%
Returns, %
Returns, % ROA — 2.12 2.75 (8.71) (0.08) 5.37 10.02 5.14 3.59 4.78 5.78 +2.7 pt
ROIC — 245.39 7.92 4.89 (4.62) 16.30 13.03 14.00 9.98 11.61 12.74 (233.8) pt
ROE — 26.76 34.78 (521.18) (0.97) 22.04 43.97 24.19 15.55 19.62 22.33 (7.1) pt
People
People Employees — 3 3 730 770 900 1,300 1,330 1,500 1,500 — +117.5%
Revenue/emp, $m — 82.81 111.69 0.59 0.41 0.82 0.75 0.88 0.82 0.89 — (43.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Accel Entertainment, Inc. vs peers in Gambling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LNWO Light & Wonder, Inc. $7.0B 21.8× 16.5× −2.02% (below 0%: shrinking) +27.01% (above 0%: growing) +124.76% (above 0%: growing) 75.61% 29.37% Compare
CHDN Churchill Downs, Incorporated $6.7B 15.2× 14.0× +1.90% (above 0%: growing) +111.65% (above 0%: growing) +252.66% (above 0%: growing) 29.74% 20.55% Compare
SGHC Super Group (SGHC) Limited $5.9B 14.0× 12.7× +9.69% (above 0%: growing) +46.95% (above 0%: growing) −17.12% (below 0%: shrinking) 100.00% 27.66% Compare
RSI Rush Street Interactive, Inc. $2.7B 24.3× 30.9× +38.84% (above 0%: growing) +313.00% (above 0%: growing) +90.25% (above 0%: growing) 36.39% 11.05% Compare
BRSL Brightstar Lottery $1.8B 7.7× 17.2× −7.45% (below 0%: shrinking) n/m −719.07% (below 0%: shrinking) 46.92% 19.69% Compare
ACEL Accel Entertainment, Inc. $1.1B 17.6× 16.1× +10.27% (above 0%: growing) +57.13% (above 0%: growing) +79.67% (above 0%: growing) 31.38% 7.92%
CDRO Codere Online Luxembourg, S.A. $387.0M — (loss-making) — +232.74% (above 0%: growing) +94.12% (above 0%: growing) +7,111.62% (above 0%: growing) 47.71% 0.00% Compare
MRDN Meridian Holdings, Inc. $116.3M — (loss-making) 13.4× +16.07% (above 0%: growing) n/m +260.25% (above 0%: growing) 53.50% 4.86% Compare
INSE Inspired Entertainment, Inc. $92.3M — (loss-making) 8.6× −24.28% (below 0%: shrinking) n/m −193.33% (below 0%: shrinking) 79.93% 16.28% Compare
Median of peers $2.3B 15.2× 14.0× +5.80% +94.12% +107.51% 50.61% 17.99%

All 15 Gambling stocks →

Pay and ownership Proxy statement filed 19 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.57m 4.61m 112.97
2024 3.82m 3.31m 105.74
2023 5.83m 8.94m 101.68
2022 3.80m 475.62k 76.24
2021 3.54m 5.17m 128.91

Ownership

Directors and executive officers, together 14.47%
Clairvest Group Inc. 20.72%
Andrew Rubenstein 10.04%
Darlington Partners Capital Management, LP 9.93%
Greenvale Capital LLP 7.43%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Accel Entertainment, Inc. (ACEL) Latest News

19 Oct

Impact 3 · · StockStory

6 May

Impact 3 · · MarketBeat
stockrow.com/ACEL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com