Accel Entertainment (ACEL)


Market Price (11/5/2026): $13.4 | Market Cap: $1.1 BilSector: Consumer Discretionary | Industry: Casinos & Gaming

Accel Entertainment (ACEL)


Market Price (11/5/2026): $13.4
Market Cap: $1.1 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%, FCF Yield is 9.6%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Markets & Betting, and Experience Economy & Premiumization. Themes include Regulated Gaming, and Experiential Retail.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
2Y Excs Rtn is -12%, 3Y Excs Rtn is -46%

Key risks
ACEL key risks include [1] adverse regulatory and tax changes in its key states, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%, FCF Yield is 9.6%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Low stock price volatility
Vol 12M is 35%
3 Megatrend and thematic drivers
Megatrends include Markets & Betting, and Experience Economy & Premiumization. Themes include Regulated Gaming, and Experiential Retail.
4 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5 Weak multi-year price returns
2Y Excs Rtn is -12%, 3Y Excs Rtn is -46%
6 Key risks
ACEL key risks include [1] adverse regulatory and tax changes in its key states, Show more.

ACEL in ETFs

Weight = ACEL's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
AVUV0.07%
IWO0.04%
VTWO0.02%
SCHA0.02%
DFAS0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/4/2026

Accel Entertainment (ACEL) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Accel Entertainment significantly surpassed analyst expectations with its strong fiscal Q3 2026 earnings, which ended September 30, 2026. The company reported diluted earnings per share (EPS) of $0.25, beating the Zacks Consensus Estimate of $0.17 by 47.06%. Additionally, revenue reached $363.6 million, a 10% increase year-over-year, exceeding the consensus estimate by 2.25%.

2. The company demonstrated robust revenue and profit growth in fiscal Q3 2026, driven by operational improvements and expanded footprint. Net income increased by 55% to $20.6 million compared to $13.3 million in Q3 2025, and adjusted EBITDA rose 12% year-over-year to $57 million. This growth was supported by a 7% increase in gaming machines deployed to 29,548 and a 6% rise in locations to 4,705.

Show more
Updated on 11/4/2026

Accel Entertainment (ACEL) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Accel Entertainment significantly surpassed analyst expectations with its strong fiscal Q3 2026 earnings, which ended September 30, 2026. The company reported diluted earnings per share (EPS) of $0.25, beating the Zacks Consensus Estimate of $0.17 by 47.06%. Additionally, revenue reached $363.6 million, a 10% increase year-over-year, exceeding the consensus estimate by 2.25%.

2. The company demonstrated robust revenue and profit growth in fiscal Q3 2026, driven by operational improvements and expanded footprint. Net income increased by 55% to $20.6 million compared to $13.3 million in Q3 2025, and adjusted EBITDA rose 12% year-over-year to $57 million. This growth was supported by a 7% increase in gaming machines deployed to 29,548 and a 6% rise in locations to 4,705.

3. Strategic growth initiatives, particularly the impending entry into the Chicago market and strong performance from Fairmount Park, provided a positive outlook. Accel Entertainment announced that its first licensed locations in Chicago are expected to launch in the coming weeks, with plans to add 100 to 200 locations annually and target approximately one-third of the market. Furthermore, gaming revenue at Fairmount Park Casino & Racing increased by approximately 84% in Q3 2026 following the introduction of table games, and the annualized EBITDA target for the permanent Fairmount Casino was raised to $20 million to $25 million.

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Stock Movement Drivers

Fundamental Drivers

The 11.6% change in ACEL stock from 7/31/2026 to 11/4/2026 was primarily driven by a 18.3% change in the company's Net Income Margin (%).
(LTM values as of)731202611042026Change
Stock Price ($)12.0213.4211.6%
Change Contribution By: 
Total Revenues ($ Mil)1,3591,4254.9%
Net Income Margin (%)3.8%4.5%18.3%
P/E Multiple19.317.2-10.7%
Shares Outstanding (Mil)83820.8%
Cumulative Contribution11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
ACEL11.6% 
Market (SPY)2.6%27.0%
Sector (XLY)5.4%54.0%

Fundamental Drivers

The 7.4% change in ACEL stock from 4/30/2026 to 11/4/2026 was primarily driven by a 16.0% change in the company's Net Income Margin (%).
(LTM values as of)430202611042026Change
Stock Price ($)12.4913.427.4%
Change Contribution By: 
Total Revenues ($ Mil)1,3311,4257.0%
Net Income Margin (%)3.9%4.5%16.0%
P/E Multiple20.417.2-15.8%
Shares Outstanding (Mil)84822.8%
Cumulative Contribution7.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
ACEL7.4% 
Market (SPY)7.0%1.8%
Sector (XLY)3.6%24.0%

Fundamental Drivers

The 31.7% change in ACEL stock from 10/31/2025 to 11/4/2026 was primarily driven by a 63.0% change in the company's Net Income Margin (%).
(LTM values as of)1031202511042026Change
Stock Price ($)10.1913.4231.7%
Change Contribution By: 
Total Revenues ($ Mil)1,2801,42511.3%
Net Income Margin (%)2.8%4.5%63.0%
P/E Multiple24.817.2-30.6%
Shares Outstanding (Mil)86824.6%
Cumulative Contribution31.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
ACEL31.7% 
Market (SPY)13.4%21.1%
Sector (XLY)2.6%33.6%

Fundamental Drivers

The 36.2% change in ACEL stock from 10/31/2023 to 11/4/2026 was primarily driven by a 26.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311042026Change
Stock Price ($)9.8513.4236.2%
Change Contribution By: 
Total Revenues ($ Mil)1,1311,42526.0%
Net Income Margin (%)4.9%4.5%-7.8%
P/E Multiple15.417.211.5%
Shares Outstanding (Mil)86825.2%
Cumulative Contribution36.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
ACEL36.2% 
Market (SPY)89.7%34.1%
Sector (XLY)64.5%38.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ACEL Return29%-41%33%4%7%18%33%
Peers Return97%-2%-22%-8%3%-60%-43%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
ACEL Win Rate67%25%58%42%58%45% 
Peers Win Rate58%58%58%58%75%36% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
ACEL Max Drawdown-21%-47%-19%-21%-26%-21% 
Peers Max Drawdown-35%-50%-55%-28%-42%-68% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: INSE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)

How Low Can It Go

EventACELS&P 500
2025 US Tariff Shock
  % Loss-22.5%-18.8%
  % Gain to Breakeven29.0%23.1%
  Time to Breakeven97 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.9%-9.5%
  % Gain to Breakeven16.1%10.5%
  Time to Breakeven125 days24 days
2023 SVB Regional Banking Crisis
  % Loss-11.2%-6.7%
  % Gain to Breakeven12.6%7.1%
  Time to Breakeven19 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-41.1%-24.5%
  % Gain to Breakeven69.8%32.4%
  Time to Breakeven1353 days427 days
2020 COVID-19 Crash
  % Loss-57.0%-33.7%
  % Gain to Breakeven132.7%50.9%
  Time to Breakeven166 days140 days

Compare to INSE

In The Past

Accel Entertainment's stock fell -22.5% during the 2025 US Tariff Shock. Such a loss loss requires a 29.0% gain to breakeven.

Preserve Wealth

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Asset Allocation

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EventACELS&P 500
2025 US Tariff Shock
  % Loss-22.5%-18.8%
  % Gain to Breakeven29.0%23.1%
  Time to Breakeven97 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-41.1%-24.5%
  % Gain to Breakeven69.8%32.4%
  Time to Breakeven1353 days427 days
2020 COVID-19 Crash
  % Loss-57.0%-33.7%
  % Gain to Breakeven132.7%50.9%
  Time to Breakeven166 days140 days

Compare to INSE

In The Past

Accel Entertainment's stock fell -22.5% during the 2025 US Tariff Shock. Such a loss loss requires a 29.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Accel Entertainment (ACEL)

Accel Entertainment, Inc. (ACEL) is a distributed gaming operator that provides gaming and entertainment solutions primarily to non-casino locations in the United States. The company partners with authorized establishments such as restaurants, bars, convenience stores, and truck stops to install and manage gaming terminals, bringing regulated gaming experiences directly to their patrons.

The core of Accel's business revolves around the installation, maintenance, and operation of video gaming terminals (VGTs). Alongside these, they provide redemption devices that disburse winnings and offer ATM services. Accel also diversifies its offerings by operating stand-alone ATMs and a range of amusement devices, including jukeboxes, dartboards, and pool tables, catering to a broader entertainment demand within its partner venues.

Accel's primary customers are the owners and operators of these licensed non-casino establishments, who benefit from enhanced entertainment options and potential revenue generation. The end-users are players who frequent these businesses and seek convenient access to gaming and other leisure activities. As of late 2021, Accel Entertainment had a significant operational footprint in Illinois, managing thousands of gaming terminals across a wide network of locations.

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Here are 1-2 brief analogies for Accel Entertainment (ACEL):

  • Like Redbox for video gambling terminals, placing interactive gaming machines in thousands of local businesses.
  • Imagine Dave & Buster's, but for adult gambling, distributed into local bars and convenience stores instead of large venues.

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  • Distributed Gaming Terminal Services: Installation, maintenance, and operation of video gaming terminals in authorized non-casino locations.
  • Redemption Device Services: Operation of devices that disburse winnings from gaming terminals and provide automated teller machine (ATM) functionality.
  • Stand-Alone ATM Services: Operation of independent automated teller machines in both gaming and non-gaming locations.
  • Amusement Device Services: Operation of non-gaming entertainment equipment such as jukeboxes, dartboards, pool tables, and pinball machines.

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Accel Entertainment (ACEL) Major Customers

Accel Entertainment (ACEL) sells primarily to other businesses rather than directly to individuals. Its major customers are the establishments that partner with Accel to host their gaming terminals, redemption devices, ATMs, and other amusement equipment.

Based on the company description, Accel Entertainment operates in various authorized non-casino locations. While specific customer company names are not disclosed, the categories of businesses that serve as their "licensed establishment partners" include:

  • Restaurants, Bars, and Taverns
  • Convenience Stores, Liquor Stores, and Grocery Stores
  • Truck Stops

Accel Entertainment partners with thousands of such establishments, rather than relying on a few major named companies. Therefore, no specific public customer companies or their symbols can be provided from the given information.

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NCR Corporation (NCR)

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Andrew Rubenstein, Chief Executive Officer, President, and Chairman of the Board

Andrew Rubenstein co-founded Accel Entertainment in 2010. He currently serves as the Chief Executive Officer, President, and Chairman of the Board, though he is slated to transition to solely Chairman of the Board effective August 7, 2026. Before founding Accel, he was a Co-Owner and Partner of Seven, LLC, and also owned and operated Super Liquors, Inc., which was the largest liquor store chain in Central Illinois by revenue. Mr. Rubenstein began his career as a Consultant at Arthur Andersen Consulting. He identified a significant opportunity following the Illinois Video Gaming Act of 2009 and secured initial capital from a private group of backers to launch Accel Entertainment.

Brett Summerer, Chief Financial Officer

Brett Summerer was appointed Chief Financial Officer of Accel Entertainment in September 2025. He brings over 25 years of operational discipline and growth experience, including in regulated industries. Mr. Summerer's prior leadership roles include senior finance, operations, and IT positions at Kraft Heinz, Corning, and General Motors. Most recently, he served as CFO of Verano Holdings, a cannabis company, where he built a 70-person finance and IT team and led over 20 mergers and acquisitions transactions. He has held roles across public, private, and founder-led companies.

Mark Phelan, Chief Operating Officer and President – US Gaming

Mark Phelan was appointed Chief Operating Officer in February 2026 and has served as President – US Gaming since October 2023. He previously held the role of Chief Revenue Officer for Accel since 2017. Mr. Phelan is slated to succeed Andrew Rubenstein as Chief Executive Officer and President, effective August 7, 2026. His professional background also includes serving as a Managing Director at Piper Jaffray (an investment banking platform), CEO of M22 Capital LLC (a registered investment advisor), Director of Research and Portfolio Manager at SFG Asset Advisors, and Head of Asian Derivatives Trading at DRW Trading Group.

Derek Harmer, Chief Compliance Officer and General Counsel

Derek Harmer has served as Chief Compliance Officer and General Counsel for Accel Entertainment since 2012. In this role, he is responsible for overseeing the company's legal and regulatory compliance across the organization. Prior to joining Accel, Mr. Harmer served as President of Stadium Technology Group, a software and systems company specializing in race and sports book management systems. He began his career in the gaming industry as Deputy Attorney General, serving as in-house counsel to the Nevada Gaming Control Board and Nevada Gaming Commission.

Michael Pappas, Executive Vice President, Business Development and Governmental Affairs

Michael Pappas has served as Executive Vice President, Business Development and Governmental Affairs for Accel Entertainment since 2017. He brings over 45 years of experience in route gaming and amusements. Mr. Pappas is the Founder and Managing Member of Fair Share Gaming, LLC, and the Managing Partner of Fair Share Amusement Company, both of which were acquired by Accel in 2017. He also served on Accel's Board of Directors from 2017 until the company went public in November 2019.

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Accel Entertainment (ACEL) faces several key risks to its business operations:

Key Risks to Accel Entertainment (ACEL)

  1. Regulatory and Licensing Risks: Accel Entertainment operates within a highly regulated gaming industry, which subjects it to extensive governmental oversight by federal, state, and local authorities. This includes stringent requirements for licensing and regulatory screening of operators, suppliers, and key employees. Changes in these regulations, such as tax increases on distributed gaming revenue, or the inability to obtain, maintain, or renew necessary licenses, could materially and adversely affect the company's business, financial condition, and results of operations.
  2. Geographic Concentration Risk: The company's business is substantially concentrated in a few key states, primarily Illinois, Montana, and Nevada. As of 2024, approximately 85% of its gaming operations were in Illinois. This significant geographic concentration makes Accel Entertainment highly vulnerable to adverse changes in local or regional economic conditions, shifts in consumer behavior, or specific regulatory developments within these states.
  3. Competition and Economic Sensitivity: Accel Entertainment operates in a competitive gaming and entertainment landscape, facing challenges from other gaming operators and entertainment options. The company's success is dependent on its ability to maintain competitive advantages and market share. Furthermore, its operating results are sensitive to broader economic conditions and consumers' discretionary spending. Adverse economic conditions or a decrease in discretionary spending could lead to reduced gaming revenues and negatively impact the business.

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The widespread legalization and adoption of online casino gaming and sports betting poses a clear emerging threat to Accel Entertainment. As states increasingly authorize and expand online gambling options, players may shift from physical gaming terminals in bars, restaurants, and other non-casino locations to more convenient, accessible digital platforms. This parallels historical disruptions where online services (e.g., Netflix, YouTube) displaced physical or traditional models (e.g., Blockbuster, cable television).

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Addressable Markets for Accel Entertainment (ACEL)

Accel Entertainment, Inc. operates in the distributed gaming, ATM, and amusement device markets. The addressable market sizes for its main products and services are as follows:

Video Gaming Terminals (VGTs) / Distributed Gaming

Accel Entertainment's primary market for Video Gaming Terminals (VGTs) is Illinois, which boasts the largest distributed gaming network globally. In 2023, the net terminal income, representing the amount lost by players at video gaming terminals in Illinois, exceeded $2.8 billion. State and local tax revenue generated from video gaming in Illinois reached $900 million in 2023 and $997 million in fiscal year 2024. As of December 31, 2024, there were nearly 49,000 VGTs operating across almost 8,700 licensed establishments in Illinois. The broader U.S. domestic VGT distributed gaming market experienced a modest growth of 3.7% in 2024. Accel Entertainment is actively expanding its distributed gaming operations into additional states, including Nebraska, Georgia, Louisiana, and Nevada, thereby increasing its overall addressable market for distributed VGTs.

Redemption Devices (ATMs)

For redemption devices with ATM functionality, the addressable market is the United States. The U.S. ATM market size was estimated at approximately USD 4.5 billion in 2024. Projections indicate this market is expected to reach between USD 9.84 billion by 2033 and USD 12.7 billion by 2034. The U.S. ATM services market alone was valued at approximately USD 7.92 billion in 2025.

Other Amusement Devices

The market for other amusement devices, such as jukeboxes, dartboards, pool tables, and pinball machines, is primarily within North America, with the U.S. being a dominant component. The North America Amusement Machine Market was valued at approximately USD 6.37 billion in 2024. This market is projected to reach approximately USD 15.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.6% during the forecast period. The U.S. amusement machine market is anticipated to grow at a CAGR of 12.6% from 2025 to 2030. The U.S. market is expected to continue its dominance in North America, achieving a market value of $8,851 million by 2031.

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Accel Entertainment (ACEL) is anticipated to drive future revenue growth over the next 2-3 years through a multi-faceted strategy encompassing geographic expansion, strategic acquisitions that diversify its offerings, and organic growth within its established markets.

  1. Geographic Expansion into New Markets: Accel Entertainment is actively expanding its footprint into new states and major cities. Notably, the company entered the Louisiana market through the acquisition of Toucan Gaming and LSM Gaming in November 2024, which is projected to contribute significantly to revenue in 2025. Additionally, Accel is seeing strong growth in developing markets like Nebraska and Georgia. A substantial future driver is the potential entry into the Chicago Video Gaming Terminal (VGT) market, with revenue generation for Accel expected as early as Q3 or Q4 2026, leveraging its existing infrastructure and regulatory relationships. The city estimates 2,500 new VGT locations in Chicago over the long term, presenting a highly attractive opportunity.
  2. Strategic Acquisitions and Diversification into Casino Operations: The acquisition of Fairmount Holdings, which includes the FanDuel Sportsbook & Horse Racing in Illinois, in December 2024, represents a key expansion initiative that diversifies Accel's revenue streams beyond traditional distributed gaming terminals. Phase 1 of the new casino at Fairmount Park opened in April 2025, and a full-scale casino facility is targeted for late 2026 to early 2027, integrating sports betting, e-gaming, and horse racing. This new segment is anticipated to become a reportable segment in the second half of 2025 and contribute substantially to Adjusted EBITDA within five years.
  3. Organic Growth through Location and Terminal Expansion in Existing Markets: Accel Entertainment continues to focus on driving steady organic growth within its core operational markets, such as Illinois, Montana, and Nevada. This includes optimizing its footprint, redeploying underperforming assets, concentrating investment into higher-yielding gaming machine placements, and increasing its overall number of gaming terminals and locations. The company has reported steady hold-per-day improvement and margin expansion in Illinois and Montana, and the rollout of ticket-in, ticket-out technology in Illinois is expected to enhance player convenience and operational efficiency.
  4. Ongoing Accretive Tuck-in Acquisitions: Accel maintains an active pipeline for mergers and acquisitions, specifically targeting accretive "tuck-in" opportunities to increase its market share and further broaden its geographic reach. This disciplined capital allocation strategy aims to scale profitability in developing and new markets, with a long-term goal to increase the percentage of revenue generated outside of Illinois.

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Share Repurchases

  • Accel Entertainment completed a multi-year share repurchase program by December 31, 2025, repurchasing 17,624,757 shares for $183.65 million.
  • A share repurchase program of up to $200 million was initially approved on November 22, 2021, and subsequently replenished to up to $200 million on February 27, 2025.
  • In fiscal year 2025, the company repurchased approximately 3.7 million shares of its common stock.

Outbound Investments

  • Accel Entertainment acquired Fairmount Park – Casino & Racing in Collinsville, Illinois, for $35 million in a deal originating in July 2024.
  • The company continues to evaluate additional opportunities that complement its core business, similar to the Fairmount acquisition.
  • In Nevada, Accel acquired Dynasty Games and established a new route partnership with Rebel Convenience Stores, expanding its network.

Capital Expenditures

  • As of September 30, 2025, Accel Entertainment's capital expenditures amounted to -$94.7 million USD.
  • The business generally requires significant upfront capital expenditures for gaming terminals, amusement machines, software customization, and installation.
  • For the Fairmount Park Phase II buildout, the total investment is projected at $85-95 million, with $30 million specifically allocated for Phase II, expected to be completed in time for the 2026 racing season.

Better Bets vs. Accel Entertainment (ACEL)

Peer Outperformance in Casinos & Gaming

ACEL has outperformed 75% of its 20 Casinos & Gaming peers over 5Y. Among the peers that beat it is MCRI. Casinos & Gaming ranks 19th of 22 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Casinos & Gaming constituents that ACEL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
95%
of 21 industry peers · 35.1% return
3Y
80%
of 20 industry peers · 29.3% return
5Y
75%
of 20 industry peers · 3.5% return
Casinos & Gaming peers with revenue growth within 4pp of ACEL's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
ACEL Accel Entertainment 7.4% 17.2x 35.1%29.3%3.5% —
MCRI Monarch Casino & Resort 4.6% 17.5x 27.3%88.5%81.6% +78pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Casinos & Gaming is ACEL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 0.4%41.8%75.7% CVSA 308% · GHC 120% · LRN 117%
Homebuilding 17 8.7%36.3%44.0% PHM 190% · TOL 176% · GRBK 161%
Hotels, Resorts & Cruise Lines 21 32.0%56.7%18.1% RCL 288% · MAR 170% · HLT 159%
Automotive Retail 17 6.7%19.1%13.2% MUSA 203% · ORLY 119% · PAG 117%
Home Improvement Retail 5 -4.6%20.2%6.6% HD 8% · LOW 7% · FND -63%
Home Furnishings 3 7.5%80.4%6.0% SGI 63% · MHK -12%
Footwear 9 103.1%90.4%-9.9% DECK 28% · SHOO 6% · CROX -10%
Specialized Consumer Services 10 -3.7%43.2%-12.4% HRB 166% · FTDR 145% · ADT 30%
Restaurants 36 5.3%-2.4%-12.4% EAT 416% · CAKE 198% · TXRH 137%
Distributors 4 -3.1%-13.8%-22.8% ARMK 102% · GPC 9% · POOL -55%
Computer & Electronics Retail 3 33.6%74.6%-27.5% BBY 0% · GME -54%
Leisure Products 14 -9.2%-6.3%-31.3% GOLF 67% · HAS 56% · BC -9%
Household Appliances 18 26.5%24.4%-34.9% WHR -81%
Broadline Retail 12 2.6%25.4%-41.5% EBAY 79% · AMZN 53% · OLLI 34%
Apparel Retail 27 6.2%11.9%-41.6% ANF 264% · TJX 123% · ROST 121%
Leisure Facilities 12 0.6%5.8%-43.2% OSW 168% · LTH 160% · PLNT -38%
Automotive Parts & Equipment 37 -9.0%-25.5%-45.6% GTX 191% · PATK 78% · ALV 43%
Apparel, Accessories & Luxury Goods 29 19.3%36.3%-47.5% RL 265% · TPR 239% · KTB 68%
Casinos & Gaming ← 21 -16.8%-16.6%-48.3% MCRI 82% · BYD 27% · RRR 26%
Other Specialty Retail 25 2.5%-10.2%-55.5% ULTA 73% · ASO 52% · DKS 28%
Automobile Manufacturers 8 -68.6%-41.3%-68.3% GM 64% · TSLA -6% · F -11%
Consumer Electronics 11 -31.9%-37.2%-79.9% GRMN 124%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ACELINSEMedian
NameAccel En.Inspired. 
Mkt Price13.403.768.58
Mkt Cap1.10.10.6
Rev LTM1,425281853
Op Inc LTM1184782
FCF LTM105656
FCF 3Y Avg72639
CFO LTM17341107
CFO 3Y Avg1524598

Growth & Margins

ACELINSEMedian
NameAccel En.Inspired. 
Rev Chg LTM9.0%-6.5%1.3%
Rev Chg 3Y Avg7.4%-1.7%2.8%
Rev Chg Q10.3%-24.3%-7.0%
QoQ Delta Rev Chg LTM2.4%-6.5%-2.0%
Op Inc Chg LTM18.8%39.0%28.9%
Op Inc Chg 3Y Avg3.9%7.3%5.6%
Op Mgn LTM8.3%16.6%12.4%
Op Mgn 3Y Avg7.9%12.1%10.0%
QoQ Delta Op Mgn LTM0.0%1.7%0.9%
CFO/Rev LTM12.2%14.5%13.3%
CFO/Rev 3Y Avg11.5%15.2%13.4%
FCF/Rev LTM7.4%2.1%4.8%
FCF/Rev 3Y Avg5.4%2.0%3.7%

Valuation

ACELINSEMedian
NameAccel En.Inspired. 
Mkt Cap1.10.10.6
P/S0.80.40.6
P/Op Inc9.32.35.8
P/EBIT9.12.45.8
P/E17.2-11.62.8
P/CFO6.32.74.5
Total Yield5.8%-8.6%-1.4%
Dividend Yield0.0%0.0%0.0%
FCF Yield 3Y Avg7.9%2.6%5.2%
D/E0.53.21.8
Net D/E0.23.01.6

Returns

ACELINSEMedian
NameAccel En.Inspired. 
1M Rtn23.2%-5.5%8.8%
3M Rtn7.8%-45.9%-19.0%
6M Rtn17.9%-47.8%-15.0%
12M Rtn34.9%-50.5%-7.8%
3Y Rtn29.1%-64.1%-17.5%
1M Excs Rtn25.7%-2.1%11.8%
3M Excs Rtn10.9%-41.4%-15.3%
6M Excs Rtn15.1%-50.5%-17.7%
12M Excs Rtn23.7%-60.6%-18.5%
3Y Excs Rtn-45.9%-144.4%-95.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Distributed gaming1,2951,2301,170970 
All other361   
Amusement    17
Automated teller machine (ATM) fees and other    12
Manufacturing    0
Net gaming    706
Total1,3311,2311,170970735


Operating Income by Segment
$ Mil202520242023
Distributed gaming210189181
All other-000
Emerging markets-0-01
Other expenses, net-12-19-6
Stock-based compensation-12-12-9
Amortization of intangible assets and route and customer acquisition costs-25-23-21
Depreciation and amortization of property and equipment-53-44-38
Total10891107


Net Income by Segment
$ Mil2025202420232022
Distributed gaming51354674
Total51354674


Assets by Segment
$ Mil2025202420182017
Distributed gaming1,045990  
All other5958  
Single Segment  457451
Total1,1031,048457451


Price Behavior

Price Behavior
Market Price$13.42 
Market Cap ($ Bil)1.1 
First Trading Date08/24/2017 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$11.31$11.72
DMA Trenddownindeterminate
Distance from DMA18.7%14.5%
 3M1YR
Volatility33.2%34.8%
Downside Capture11.9136.19
Upside Capture-10.1552.38
Correlation (S&P 500)3.0%17.3%
ACEL Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.110.210.24-0.200.470.73
Up Beta4.470.190.42-0.780.220.71
Down Beta0.850.200.240.040.740.81
Up Capture16%14%4%-17%41%31%
Bmk +ve Days12182862130427
Stock +ve Days11182859124387
Down Capture-84%33%41%0%50%90%
Bmk -ve Days10253664121325
Stock -ve Days10243564121353

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACEL
ACEL34.5%34.8%0.89-
Sector ETF (XLY)1.6%19.6%-0.0534.0%
Equity (SPY)13.2%12.9%0.6821.2%
Gold (GLD)1.0%28.8%0.032.6%
Commodities (DBC)35.9%21.2%1.34-19.3%
Real Estate (VNQ)14.3%14.1%0.7033.2%
Bitcoin (BTCUSD)-28.2%43.4%-0.6510.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACEL
ACEL1.9%35.1%0.12-
Sector ETF (XLY)5.2%24.2%0.1743.1%
Equity (SPY)12.5%17.2%0.5541.1%
Gold (GLD)17.3%19.1%0.736.0%
Commodities (DBC)8.0%19.6%0.295.6%
Real Estate (VNQ)1.8%18.9%-0.0138.2%
Bitcoin (BTCUSD)5.5%51.5%0.2919.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACEL
ACEL3.1%37.8%0.20-
Sector ETF (XLY)13.1%22.3%0.5340.3%
Equity (SPY)15.4%18.0%0.7340.7%
Gold (GLD)11.9%16.5%0.595.3%
Commodities (DBC)7.4%18.1%0.3313.3%
Real Estate (VNQ)5.7%20.7%0.2340.8%
Bitcoin (BTCUSD)61.0%66.2%1.0112.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.6 Mil
Short Interest: % Change Since 9302026-4.6%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest6.5 days
Basic Shares Quantity81.9 Mil
Short % of Basic Shares3.2%

Earnings Returns History

Updated 11/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026   
8/4/20262.2%0.7%-4.3%
5/5/2026-8.8%-8.0%-3.2%
3/3/202618.0%3.4%-0.6%
11/4/20252.1%3.4%5.4%
8/5/2025-15.3%-9.0%-7.3%
5/5/20254.7%8.7%4.5%
2/27/2025-8.0%-13.2%-14.9%
...
SUMMARY STATS   
# Positive15139
# Negative81014
Median Positive5.7%3.5%5.4%
Median Negative-9.8%-8.9%-7.2%
Max Positive18.0%9.4%13.1%
Max Negative-16.8%-15.8%-20.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026   
8/4/20262.2%0.7%-4.3%
5/5/2026-8.8%-8.0%-3.2%
3/3/202618.0%3.4%-0.6%
11/4/20252.1%3.4%5.4%
8/5/2025-15.3%-9.0%-7.3%
5/5/20254.7%8.7%4.5%
2/27/2025-8.0%-13.2%-14.9%
7/30/202410.1%-4.7%4.9%
5/8/2024-14.6%-15.3%-12.5%
2/28/20247.4%6.4%11.8%
11/7/20235.7%7.1%-3.4%
8/3/20237.7%1.7%6.5%
5/3/202310.1%7.4%13.1%
2/28/20232.5%0.5%-3.1%
11/8/2022-8.7%-3.6%-11.7%
8/9/2022-16.8%-8.7%-20.8%
5/4/2022-10.9%-15.8%-11.5%
3/9/20222.2%-0.4%-9.7%
11/3/20210.0%3.5%-0.1%
8/4/20216.0%2.1%7.7%
5/10/20216.9%9.4%3.0%
3/15/2021-0.9%-10.2%-7.0%
11/5/20201.0%7.9%4.5%
SUMMARY STATS   
# Positive15139
# Negative81014
Median Positive5.7%3.5%5.4%
Median Negative-9.8%-8.9%-7.2%
Max Positive18.0%9.4%13.1%
Max Negative-16.8%-15.8%-20.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202608/04/202610-Q
03/31/202605/05/202610-Q
12/31/202503/03/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/05/202510-Q
12/31/202403/03/202510-K
09/30/202410/30/202410-Q
06/30/202407/30/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202203/01/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202608/04/202610-Q
03/31/202605/05/202610-Q
12/31/202503/03/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/05/202510-Q
12/31/202403/03/202510-K
09/30/202410/30/202410-Q
06/30/202407/30/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202203/01/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
03/31/202205/04/202210-Q
12/31/202103/11/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/10/202110-Q
12/31/202003/16/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/11/202010-Q
12/31/201903/16/202010-K

Insider Activity

Updated 11/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Phelan, Mark TPresident and CEODirectSell1104202612.0025,000300,0002,597,568Form
2Kozlik, ChristenChief Accounting OfficerDirectSell917202611.555506,352223,446Form
3Harmer, DerekChief Compliance OfficerDirectSell915202611.6013,162152,7331,830,744Form
4Harmer, DerekChief Compliance OfficerDirectSell915202611.6326,324306,0481,987,255Form
5Rubenstein, Andrew HCEO and PresidentDirectSell807202612.6415,000189,53248,747,039Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Phelan, Mark TPresident and CEODirectSell1104202612.0025,000300,0002,597,568Form
2Kozlik, ChristenChief Accounting OfficerDirectSell917202611.555506,352223,446Form
3Harmer, DerekChief Compliance OfficerDirectSell915202611.6013,162152,7331,830,744Form
4Harmer, DerekChief Compliance OfficerDirectSell915202611.6326,324306,0481,987,255Form
5Rubenstein, Andrew HCEO and PresidentDirectSell807202612.6415,000189,53248,747,039Form
6Harmer, DerekChief Compliance OfficerDirectSell615202613.0020,000260,0002,441,751Form
7Phelan, Mark TCOO, President, U.S. GamingDirectSell615202613.0025,000325,0003,139,032Form
8Rubenstein, Andrew HCEO and PresidentDirectSell602202612.0925,000302,21046,853,949Form
9Wardinski, Bruce D DirectBuy511202611.5550,000577,500577,500Form
10Rubenstein, Gordon IRASell511202611.554,946  Form
11Rubenstein, Gordon See FootnoteSell511202611.557,98592,262103,990Form
12Rubenstein, Gordon IRASell511202611.3417,728201,04656,091Form
13Rubenstein, Gordon See FootnoteSell511202611.3428,618324,545192,620Form
14Rubenstein, Andrew HCEO and PresidentDirectSell402202611.0545,000497,27743,222,963Form
15Rubenstein, Andrew HCEO and PresidentDirectSell319202611.233,93844,22344,429,617Form
16Rubenstein, Andrew HCEO and PresidentDirectSell316202611.2136,062404,43244,414,436Form
17Harmer, DerekChief Compliance OfficerDirectSell316202611.3920,000227,8002,049,779Form
18Rubenstein, Gordon DirectSell316202611.373,766  Form
19Rubenstein, Gordon See FootnoteSell316202611.3739,169445,512518,693Form
20Rubenstein, Gordon IRASell316202611.37133,7741,521,438257,876Form
21Rubenstein, Gordon son (R. Rubenstein)Sell312202611.462,65530,4205,672Form
22Rubenstein, Gordon IRASell312202611.38119,2481,356,9111,780,206Form
23Rubenstein, Gordon DirectSell312202611.383,21236,54842,852Form
24Rubenstein, Gordon See FootnoteSell312202611.3835,446403,333964,604Form
25Harmer, DerekChief Compliance OfficerDirectSell312202611.452,09223,9532,289,576Form
26Ruttenberg, David W See footnoteSell310202611.5310,000  Form
27Rubenstein, Gordon daughter (E. Rubenstein)Sell310202611.462,25025,7802,864Form
28Rubenstein, Gordon daughter (S. Rubenstein)Sell310202611.462,25025,7802,864Form
29Rubenstein, Gordon See FootnoteSell310202611.48176,1712,022,7251,581,384Form
30Rubenstein, Gordon See FootnoteSell310202611.37228,2622,596,0923,570,113Form
31Rubenstein, Gordon See FootnoteSell310202611.7560,952716,1136,369,788Form
32Ruttenberg, David W See footnoteBuy31020269.3410,00093,40093,400Form
33Ruttenberg, David W See FootnoteSell220202611.0425,000276,1202,188,361Form
34Ruttenberg, David W See FootnoteSell116202611.5825,000289,4422,438,669Form
35Harmer, DerekChief Compliance OfficerDirectSell1229202511.505,00057,5002,241,546Form
36Harmer, DerekChief Compliance OfficerDirectSell1229202511.505,00057,5002,299,046Form
37Ruttenberg, David W See FootnoteSell1216202511.1925,000279,8682,497,929Form
38Harmer, DerekSecretaryDirectSell1216202511.1110,000111,1002,276,628Form
39Ruttenberg, David W See FootnoteSell1212202511.0125,000275,1552,593,446Form
40Rubenstein, Andrew HCEO and PresidentDirectSell1203202510.3145,000464,10340,202,644Form

Investor Activity (13F)

Updated Nov 5, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Greenvale Capital LLP$63.9 Mil7.0%12Hold13F
Darlington Partners Capital Management, LP$88.4 Mil4.0%10Hold13F
Hill Path Capital LP$30.4 Mil2.2%7Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Darlington Partners Capital Management, LP$88.4 Mil4.0%10Hold13F
Greenvale Capital LLP$63.9 Mil7.0%12Hold13F
Hill Path Capital LP$30.4 Mil2.2%7Hold13F
Core Cache Last Updated: 11/4/2026