Accel Entertainment, Inc. — Earnings Quality Grade F
ACEL · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 4 days, change +1 days YoY
AR growth 34.6% exceeds revenue growth 8.1%
Revenue 8.1%, CFFO 24.5%. Cash follows revenue
Expense Quality
Inventory 1.3% vs COGS 6.3%. Normal
CapEx growth 47.8% is >2x revenue growth 8.1%
SG&A/Gross Profit = 52.6%. Normal
Gross margin 31.3%, change +1.2pp. Stable
Cash Flow Quality
CFFO/NI = 2.93. Profits backed by cash
FCF $0.1B, FCF/NI = 1.02
Accruals ratio = -9.0%. Low accruals
Cash $0.3B covers only 49% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 146% of equity. Over 50%
Debt/EBITDA = 3.3x. Healthy
Other assets -3.7% vs revenue 8.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.65 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
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Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25