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Accel Entertainment, Inc. (ACEL) stock

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NYSE: ACEL NYSE Casinos & Gaming Next results ~November 3, 2026

C+ Fundamentals grade

Accel Entertainment, Inc. is a US-listed company in the casinos & gaming industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$9.7

Cash-flow model

Base case. Range ~$6.3–$14 across our lower- and higher-growth cases (2.9%–12.9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 22% above our base value.

Price used: $11.91, November 2, 2026

Accel Entertainment, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling1 purchase and 37 sales by directors and officers, last 12 monthsInsider trades
  • Funds81 adding, 75 cuttingOf 35 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Accel Entertainment files

Where Accel Entertainment stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.39bn, up 8.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 5.7% from 3.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $9.72 a share, against a share price of $11.20. At that price, our model says the market is pricing in about 9.5% a year of cash-flow growth for five years, slower than the 13.6% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Accel Entertainment, Inc.'s trailing-twelve-month revenue grew 8.7% year on year, with a free-cash-flow margin of 5.7%. Where it stands out: days sales outstanding of 4 days ranks 1 of 18 casinos & gaming companies we cover.

Our discounted-cash-flow model values the business at ~$9.7 per share in the base case (~$6.3–$14 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 42% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 16.4% over 90 days.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.30 against an average estimate of $0.21: beat by 41.5%
Revenue
$368m, up 9.6% on a year earlier
Share reaction
+3.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 3, 2026; average EPS estimate $0.27

Accel Entertainment's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.8%
  • 1 week+5.6%
  • 1 month+9.9%
  • This year+4.4%
  • 1 year+16.9%
  • 5 years-8.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Operating margin
8.2%
Net margin
4.1%
EPS (TTM, diluted)
$0.67

Growth

Revenue growth
+8.7%
Change in growth rate
+0.3 pts
Share count change
−1.4%

Cash

Free cash flow (TTM)
$78.9M
FCF margin
5.7%
Stock pay % of revenue
0.9%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Results
  4. Announcement
  5. Leadership
  6. Leadership
  7. Partnership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Accel Entertainment, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 10.1% a year of cash-flow growth for five years.That is close to the 13.6% a year revenue growth Accel Entertainment has delivered.

  • Priced in10.1%
  • Last 12 months8.7%
  • 3 years a year7.1%
  • 5 years a year13.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($11.85, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$9.7
Price used
$11.85close November 3, 2026
Implied change
▼ 18%
Uncertainty
High

How we got here: a discounted-cash-flow model of Accel Entertainment, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($49.9M, FY2026 Q2 TTM), growing 6.9% and 7.2% in the next two years (forecasts, guidance and its record), then back to 7.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.3–~$14 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Accel Entertainment, Inc.'s free cash flow after stock-based pay ( $49.9M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Accel Entertainment, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$9.7 ~$6.3–$14 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$10 ~$8.1–$12 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$22 ~$15–$33 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$13 ~$11–$16 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$13 ~$9.7–$22 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Accel Entertainment, Inc. with Casinos & Gaming in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −30%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −21%
  • Last year's free-cash-flow margin change, if it persists ▲ +74%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$8$12$17$24$33
8.5% $3$5$8$12$17$23
10% $1$3$5$8$12$17

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$9.73$10.00$12.50$10.10$13.02$7.70$10.27$10.68$11.41$11.91
Market value$578m$622m$773m$839m$1.2bn$702m$891m$908m$985m$1.0bn
+ Net debt (− = net cash)−$372073$140m$233m$213m$151m$321m$284m$316m$315m$322m
Enterprise value$578m$762m$1.0bn$1.1bn$1.4bn$1.0bn$1.2bn$1.2bn$1.3bn$1.3bn
Multiples
Price / sales 2.3x1.9x1.8x2.7x1.7x0.7x0.8x0.7x0.7x0.7x
Price / earnings 69.6x57.6x——39.0x9.5x19.5x25.7x19.1x17.8x
Price / free cash flow 61.0x29.5x31.2x—15.2x11.6x17.6x16.6x15.9x12.8x
EV / EBITDA 16.5x16.7x25.3x—14.6x8.1x8.1x9.1x8.1x7.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

43 /100

Weak moat

How hard Accel Entertainment's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.5% of total assets over 9 years.

  • Durability 1 / 20

    Operating margin has been a median 8.2%; its worst year was -7.9%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 7 years, at a median 4.8% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.9% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $359m and EPS of $0.27 (range $0.25 to $0.28) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.88 −13% $1.4bn +9%
Next $1.14 +29% $1.5bn +5%

Next year's EPS estimate has moved +16.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.0% on 90 days ago. In the last 30 days, 0 analysts raised Accel Entertainment, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Accel Entertainment, Inc., last 90 days
$0.80 $0.90 $1.00 $1.10 $1.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.86 Current fiscal year, 60 days ago: $0.83 Current fiscal year, 30 days ago: $0.83 Current fiscal year, 7 days ago: $0.83 Current fiscal year, Now: $0.88 $0.88 Next fiscal year, 90 days ago: $0.97 Next fiscal year, 60 days ago: $1.08 Next fiscal year, 30 days ago: $1.08 Next fiscal year, 7 days ago: $1.08 Next fiscal year, Now: $1.14 $1.14

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.86$0.97
60 days ago $0.83$1.08
30 days ago $0.83$1.08
7 days ago $0.83$1.08
Now $0.88$1.14

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.21 $0.30 +41.5%
Mar 2026 $0.24 $0.27 +11.6%
Dec 2025 $0.20 $0.29 +47.9%
Sept 2025 $0.21 $0.25 +18.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in Accel Entertainment, Inc.'s latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Accel Entertainment, Inc.'s revenue by +6.9% next year and +7.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.2%, weight 56%) and the company's own record (+7.9%, weight 44%) . How the weights are set.

Analyst recommendations

7 analysts, Nov 2026
Buy571%
Hold229%
Sell00%

Monthly trend

  1. Nov 20261427
  2. Oct 20261427
  3. Sep 20261427

Counts of recommendations published by analysts covering Accel Entertainment, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.0%
of tradable shares
Days to cover
6.78
at average volume
Short interest, 1 month
+15%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
14.4%
of shares
Employees
1,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +16.9%

$10.19 on October 31, 2025 to $11.91

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.4bn +8.7%
Net margin 2.8% 4.1% +48.1%
P/E multiple 24.9x 17.8x −28.4%
Share count 86m 85m +1.4%

Biggest factor: net margin.

Last 3 years +14.7%

$10.38 on November 3, 2023 to $11.91

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.4bn +23.0%
Net margin 4.9% 4.1% −16.2%
P/E multiple 16.6x 17.8x +7.2%
Share count 88m 85m +3.9%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ACEL+29%−41%+33%+4%+7%+4%
Industry peers (median)+24%−19%+13%−10%−11%−18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ACEL67%25%58%42%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ACEL−21%−47%−19%−21%−26%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since August 24, 2017: 58% from February 14, 2020 to March 20, 2020. Getting back needed a 137% gain, reached on September 9, 2020, 173 days after the low.

Price behaviour

52-week range
$9.61 – $13.41
From 52-week high
−11.2%
vs 50-day average
+5.6%
vs 200-day average
+1.7%
Volatility (1 year)
32%
Beta vs S&P 500
0.45

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±8.8%
After a week
7 up, 5 down
typical move ±6.7%
After a month
5 up, 7 down
typical move ±6.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +3.3% +1.6% +1.8% −3.2%
May 5, 2026 −6.9% +2.2% −6.1% −1.1%
March 3, 2026 +17.9% −0.2% +3.3% −0.7%
November 4, 2025 +1.5% −0.8% +2.8% +4.2%
August 5, 2025 −14.8% +0.3% −8.4% −6.7%
May 5, 2025 +5.7% −1.4% +9.7% +5.4%
February 27, 2025 −9.2% −0.1% −14.2% −15.9%
July 30, 2024 +11.3% +1.1% −3.6% +6.0%
May 8, 2024 −13.8% +0.6% −14.5% −11.7%
February 28, 2024 +7.9% +0.2% +6.9% +12.3%
November 7, 2023 +5.3% +0.4% +6.6% −3.8%
August 3, 2023 +8.1% −0.7% +2.1% +6.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Accel Entertainment, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Accel Entertainment, Inc.
$1.1B $1.2B $1.3B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.2B Revenue (TTM), FY23 Q4: $1.2B Revenue (TTM), FY24 Q1: $1.2B Revenue (TTM), FY24 Q2: $1.2B Revenue (TTM), FY24 Q3: $1.2B Revenue (TTM), FY24 Q4: $1.2B Revenue (TTM), FY25 Q1: $1.3B Revenue (TTM), FY25 Q2: $1.3B Revenue (TTM), FY25 Q3: $1.3B Revenue (TTM), FY25 Q4: $1.3B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.2B
FY23 Q4 $1.2B
FY24 Q1 $1.2B
FY24 Q2 $1.2B
FY24 Q3 $1.2B
FY24 Q4 $1.2B
FY25 Q1 $1.3B
FY25 Q2 $1.3B
FY25 Q3 $1.3B
FY25 Q4 $1.3B
FY26 Q1 $1.4B
FY26 Q2 $1.4B
Revenue growth, TTM YoY Accel Entertainment, Inc.
0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 30.2% Revenue growth, TTM YoY, FY23 Q4: 20.7% Revenue growth, TTM YoY, FY24 Q1: 10.6% Revenue growth, TTM YoY, FY24 Q2: 5.7% Revenue growth, TTM YoY, FY24 Q3: 5.1% Revenue growth, TTM YoY, FY24 Q4: 5.2% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 7.0% Revenue growth, TTM YoY, FY25 Q3: 8.0% Revenue growth, TTM YoY, FY25 Q4: 8.1% Revenue growth, TTM YoY, FY26 Q1: 8.4% Revenue growth, TTM YoY, FY26 Q2: 8.7% 8.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 30.2%
FY23 Q4 20.7%
FY24 Q1 10.6%
FY24 Q2 5.7%
FY24 Q3 5.1%
FY24 Q4 5.2%
FY25 Q1 6.3%
FY25 Q2 7.0%
FY25 Q3 8.0%
FY25 Q4 8.1%
FY26 Q1 8.4%
FY26 Q2 8.7%
Operating margin (TTM) Accel Entertainment, Inc.
7% 8% 9% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 9.3% Operating margin (TTM), FY23 Q4: 9.2% Operating margin (TTM), FY24 Q1: 8.9% Operating margin (TTM), FY24 Q2: 8.3% Operating margin (TTM), FY24 Q3: 7.9% Operating margin (TTM), FY24 Q4: 7.4% Operating margin (TTM), FY25 Q1: 7.3% Operating margin (TTM), FY25 Q2: 7.5% Operating margin (TTM), FY25 Q3: 7.6% Operating margin (TTM), FY25 Q4: 8.1% Operating margin (TTM), FY26 Q1: 8.0% Operating margin (TTM), FY26 Q2: 8.2% 8.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 9.3%
FY23 Q4 9.2%
FY24 Q1 8.9%
FY24 Q2 8.3%
FY24 Q3 7.9%
FY24 Q4 7.4%
FY25 Q1 7.3%
FY25 Q2 7.5%
FY25 Q3 7.6%
FY25 Q4 8.1%
FY26 Q1 8.0%
FY26 Q2 8.2%
FCF margin (TTM) Accel Entertainment, Inc.
3% 4% 5% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 4.1% FCF margin (TTM), FY23 Q4: 4.3% FCF margin (TTM), FY24 Q1: 3.6% FCF margin (TTM), FY24 Q2: 4.0% FCF margin (TTM), FY24 Q3: 5.9% FCF margin (TTM), FY24 Q4: 4.4% FCF margin (TTM), FY25 Q1: 5.2% FCF margin (TTM), FY25 Q2: 3.7% FCF margin (TTM), FY25 Q3: 3.7% FCF margin (TTM), FY25 Q4: 4.7% FCF margin (TTM), FY26 Q1: 4.7% FCF margin (TTM), FY26 Q2: 5.7% 5.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 4.1%
FY23 Q4 4.3%
FY24 Q1 3.6%
FY24 Q2 4.0%
FY24 Q3 5.9%
FY24 Q4 4.4%
FY25 Q1 5.2%
FY25 Q2 3.7%
FY25 Q3 3.7%
FY25 Q4 4.7%
FY26 Q1 4.7%
FY26 Q2 5.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Accel Entertainment took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.3B
  2. Selling, general and admin $219M · 16.5%
  3. Other operating costs $1B · 75.4%
  4. Operating income $108M · 8.1%
  5. Income tax $20.7M · 1.6%
  6. Interest and other $35.7M · 2.7%
  7. Net income $51.5M · 3.9%

Shares of revenue. Source: Accel Entertainment's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 248 335 429 316 735 970 1,170 1,231 1,331 1,391
EBITDA 35 46 40 −4 95 126 145 135 161 169
Operating income 18 25 13 −25 70 97 107 91 108 114
Net income 8 11 −37 −0 32 74 46 35 51 57
Diluted EPS $0.14 $0.17 −$0.59 −$0.02 $0.33 $0.81 $0.53 $0.41 $0.60 $0.67
Growth (year on year)
Revenue — +34.9% +27.9% −26.2% +132.2% +32.0% +20.7% +5.2% +8.1% +8.7%
EBITDA — +30.7% −13.0% −109.3% — +33.0% +15.2% −7.2% +19.1% +17.7%
Operating income — +36.9% −46.4% −285.1% — +38.0% +10.9% −15.4% +18.7% +19.6%
Net income — +30.0% −440.3% — — +134.8% −38.5% −22.7% +46.0% +61.0%
Diluted EPS — +21.4% −447.1% — — +145.5% −34.6% −22.6% +46.3% +63.3%
Margins
EBITDA margin 14.1% 13.6% 9.3% −1.2% 12.9% 13.0% 12.4% 11.0% 12.1% 12.2%
Operating margin 7.3% 7.4% 3.1% −7.8% 9.6% 10.0% 9.2% 7.4% 8.1% 8.2%
Net margin 3.3% 3.2% −8.6% −0.1% 4.3% 7.6% 3.9% 2.9% 3.9% 4.1%
Free-cash-flow margin 3.8% 6.3% 5.8% −9.3% 11.0% 6.3% 4.3% 4.4% 4.7% 5.7%
Cash flow
Cash from operations 33 44 46 −4 111 108 133 121 151 149
Capital spending 24 23 21 26 30 47 82 67 89 70
Free cash flow 9 21 25 −29 81 61 51 55 62 79
Stock-based pay 1 0 2 6 6 7 9 12 12 13
Free cash flow after stock pay 9 21 23 −35 75 54 41 42 50 66
Balance sheet
Cash 0 92 125 134 199 224 262 281 297 255
Total debt 0 233 359 348 350 545 545 597 612 578
Net debt (negative = net cash) −0 140 233 213 151 321 284 316 315 322
Diluted shares 59m 62m 62m 83m 95m 91m 87m 85m 86m 85m
Returned to shareholders
Buybacks 0 3 0 0 9 79 30 25 40 41
Total returned 0 3 0 0 9 79 30 25 40 41

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $1.1bn
Short-term assets $324mLonger-term assets $773m
What it owes, and who funded it · $1.1bn
Short-term liabilities $131mLonger-term liabilities $678mShareholders' equity $284m
  • Short-term assets cover short-term liabilities $324m of assets due within a year against $131m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $324m short-term assets against $678m of longer-dated liabilities.
  • More cash than debt $255m of cash against $573m of debt.
  • Debt below 40% of shareholders' equity Debt is 202% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 204% to 202% over five years.
  • A year's operating cash flow covers at least 20% of debt $149m of operating cash flow against $573m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Accel Entertainment, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$40.7M
Returned to shareholders
52%
of free cash flow
Buybacks, last 3 fiscal years
$95.4M
Diluted share count
−1.4%
year over year
Total shareholder yield
4.1%
dividends 0.0% + buybacks 4.1% of market value
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in casinos & gaming
Last 12 months unless stated ACEL RSI RRR SGHC BRSL MSC Median
Revenue, last 12 months $1.4bn $1.5bn $2.0bn $2.2bn $2.5bn $695m $2.4bn
Revenue growth, last 12 months 8.7% 38.7% 0.9% 21.6% −0.0% 8.7% 5.5%
Revenue growth, 3-year average 7.1% 30.6% 5.9% — −13.1% — 6.5%
Revenue growth, latest quarter 9.6% 38.8% −3.0% — — — 2.4%
Operating margin 8.2% 10.9% 27.7% — 27.3% 10.1% 10.1%
Operating margin, 3-year average 8.0% 6.2% 29.8% — 12.2% −51.4% 7.1%
Net margin 4.1% 2.6% 8.4% 9.7% 5.9% −8.5% 3.1%
Cash from operations / revenue 10.7% 14.4% 31.1% 16.1% −3.9% 30.3% 14.4%
Free-cash-flow margin 5.7% 14.3% 9.6% 14.3% −16.5% −0.2% 8.5%
Free-cash-flow margin, 3-year average 4.5% 11.7% 8.9% — 0.3% −89.2% 4.5%
Stock pay / revenue 0.9% 1.8% 1.7% 0.7% 0.6% 3.1% 0.9%
Change in share count −1.4% 72.8% — 0.8% −3.4% 51.9% −2.6%

Median of all 22 companies we cover in casinos & gaming. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 casinos & gaming companies
Measure Company Peer median Rank
Revenue growth Growth 8.7% 6.1% 7 of 21
Change in growth rate Growth +0.3pp -0.4pp 8 of 21
Operating margin Profitability 8.2% 10.1% 12 of 20
Net margin Profitability 4.1% 3.6% 9 of 22
Free-cash-flow margin Cash generation 5.7% 8.5% 13 of 21
Stock pay as % of revenue Cash generation 0.9% 0.9% 11 of 20
Long-term debt as % of assets Balance sheet 49.5% 44.3% 10 of 17
Change in share count Balance sheet -1.4% -3.0% 11 of 16
Days sales outstanding Balance sheet 4 days 13 days 1 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Reportable $1.3B 97.3% ▲ 5.3%
All Other Segments $35.8M 2.7% ▲ 2457.1%
Products and services
Line of business Revenue Share YoY
Video Gaming $1.2B 93.4% ▲ 6.0%
ATM Fees and Other Revenue $54.9M 4.1% ▲ 131.7%
Amusement $21.7M 1.6% ▼ 2.5%
Manufacturing $10.9M 0.8% ▼ 11.3%
Geography
Region Revenue Share YoY
Israel $963M 72.4% ▲ 6.2%
MT $164M 12.3% ▲ 1.6%
NV $109M 8.2% ▼ 4.9%
LA $37.6M 2.8% ▲ 590.2%
NE $33.2M 2.5% ▲ 30.9%
GA $19.9M 1.5% ▲ 50.6%
Other States $3.9M 0.3% ▼ 5.6%

From Accel Entertainment, Inc.'s 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$569M
Institutions reporting
171
Shares held vs prior quarter
▲ 0.5%
Positions opened / closed
18 / 15

Top buyers and sellers, Q2 2026: 81 institutions bought and 75 sold ; the biggest buyer was Blackrock, Inc (+780K shares) and the biggest seller 1060 Capital, LLC (−383K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Darlington Partners Capital Management, LP $102M 8.1M 17.9% 0.0%
Greenvale Capital LLP $71M 5.6M 12.5% ▼ 3.9%
Blackrock, Inc. $62.1M 4.9M 10.9% ▲ 18.8%
Hill Path Capital LP $35.2M 2.8M 6.2% 0.0%
Vanguard Capital Management LLC $31.7M 2.5M 5.6% ▼ 3.1%
American Century Companies Inc $22M 1.7M 3.9% ▲ 31.3%
Geode Capital Management, LLC $17.2M 1.4M 3.0% ▲ 6.1%
State Street Corp $17M 1.3M 3.0% ▲ 9.4%
Arrowstreet Capital, Limited Partnership $13.5M 1.1M 2.4% ▼ 1.2%
Hotchkis & Wiley Capital Management LLC $11.2M 886K 2.0% ▼ 2.2%
Vanguard Portfolio Management LLC $10.4M 825K 1.8% ▲ 6.2%
Algert Global LLC $10.1M 802K 1.8% ▼ 0.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Accel Entertainment, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $577,500 1 trade by 1 insider, last 12 months Insider sales History → $14.1M 37 trades by 6 insiders · 26% under pre-set plans
Net ▼ $13.5M net selling
Insider Date Trade Shares Price Value
Kozlik Christen Chief Accounting Officer September 15, 2026 Sell 550 $11.55 $6,352
Harmer Derek Chief Compliance Officer September 14, 2026 Sell 13,162 $11.60 $152,679
Harmer Derek Chief Compliance Officer September 11, 2026 Sell 26,324 $11.63 $306,148
Rubenstein Andrew H. CEO and President August 5, 2026 Sell pre-set plan 15,000 $12.64 $189,600
Phelan Mark T. COO, President, U.S. Gaming June 15, 2026 Sell pre-set plan 25,000 $13.00 $325,000
Harmer Derek Chief Compliance Officer June 15, 2026 Sell pre-set plan 20,000 $13.00 $260,000
Rubenstein Andrew H. CEO and President June 1, 2026 Sell pre-set plan 25,000 $12.09 $302,250
Wardinski Bruce D Director May 11, 2026 Buy 50,000 $11.55 $577,500
Rubenstein Gordon Director May 8, 2026 Sell 7,985 $11.55 $92,227
Rubenstein Gordon Director May 8, 2026 Sell 4,946 $11.55 $57,126
Rubenstein Gordon Director May 7, 2026 Sell 28,618 $11.34 $324,528
Rubenstein Gordon Director May 7, 2026 Sell 17,728 $11.34 $201,036

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • March 3, 2026
  • November 4, 2025
  • August 5, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on Accel Entertainment, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Accel Entertainment, Inc. in brief

What does Accel Entertainment, Inc. do?
Accel Entertainment, Inc. is a US-listed company in the casinos & gaming industry. Its financial year ends in December.
What is Accel Entertainment, Inc.'s stock ticker?
Accel Entertainment, Inc. trades under the ticker ACEL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Accel Entertainment, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Accel Entertainment, Inc. reported revenue of $1.4B, 8.7% higher than a year earlier, according to its SEC filings.
What is Accel Entertainment, Inc.'s free cash flow?
Accel Entertainment, Inc.'s free-cash-flow margin is 5.7% of revenue over the trailing twelve months, ranking 13 of the 21 casinos & gaming companies we cover.
What is Accel Entertainment, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Accel Entertainment, Inc.'s free cash flow after stock-based pay gives ~$9.7 per share in the base case, and ~$6.3–$14 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Accel Entertainment, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Darlington Partners Capital Management, LP, Greenvale Capital LLP and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Accel Entertainment, Inc. buying back stock, and does it pay a dividend?
Accel Entertainment, Inc. spent $40.7M on share repurchases over the trailing twelve months, and its diluted share count fell 1.4% over the year.
What is Accel Entertainment, Inc.'s market cap?
On November 2, 2026, Accel Entertainment, Inc.'s market capitalisation was about $1B, with a price-to-earnings ratio of 17.8 and net debt of $322M. Market figures come from third-party market data and may be delayed.
How much debt does Accel Entertainment, Inc. have?
Accel Entertainment, Inc.'s debt-to-equity ratio is 202.0%, from its latest balance sheet (204.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Accel Entertainment, Inc.'s competitors?
In our Casinos & Gaming peer group, the companies closest to Accel Entertainment, Inc. are Rush Street Interactive, Inc., Red Rock Resorts, Inc., Super Group (sghc) Ltd, Brightstar Lottery PLC and Studio City International Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Accel Entertainment, Inc.'s.
Are insiders buying or selling Accel Entertainment, Inc. stock?
Over the last 12 months, Accel Entertainment, Inc.'s directors and officers reported 1 open-market purchases and 37 sales on Form 4. The insider trading page charts every trade.
When is Accel Entertainment, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Accel Entertainment, Inc. announces its own schedule.