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Side-by-side financial comparison of Accel Entertainment, Inc. (ACEL) and BLACKBAUD INC (BLKB). Click either name above to swap in a different company.

Accel Entertainment, Inc. is the larger business by last-quarter revenue ($341.4M vs $281.1M, roughly 1.2× BLACKBAUD INC). BLACKBAUD INC runs the higher net margin — 11.1% vs 4.7%, a 6.3% gap on every dollar of revenue. On growth, Accel Entertainment, Inc. posted the faster year-over-year revenue change (7.5% vs 4.2%). BLACKBAUD INC produced more free cash flow last quarter ($37.0M vs $16.0M). Over the past eight quarters, Accel Entertainment, Inc.'s revenue compounded faster (6.4% CAGR vs -1.1%).

Legendary Entertainment, LLC is an American mass media and film production company based in Burbank, California, founded by Thomas Tull in 2000. The company has often collaborated with the major studios, including Warner Bros. Pictures, Universal Pictures, Sony Pictures and Paramount Pictures, as well as streaming services such as Netflix and Hulu.

Blackbaud, Inc. is a cloud computing provider that supports nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.

ACEL vs BLKB — Head-to-Head

Bigger by revenue
ACEL
ACEL
1.2× larger
ACEL
$341.4M
$281.1M
BLKB
Growing faster (revenue YoY)
ACEL
ACEL
+3.4% gap
ACEL
7.5%
4.2%
BLKB
Higher net margin
BLKB
BLKB
6.3% more per $
BLKB
11.1%
4.7%
ACEL
More free cash flow
BLKB
BLKB
$21.0M more FCF
BLKB
$37.0M
$16.0M
ACEL
Faster 2-yr revenue CAGR
ACEL
ACEL
Annualised
ACEL
6.4%
-1.1%
BLKB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACEL
ACEL
BLKB
BLKB
Revenue
$341.4M
$281.1M
Net Profit
$16.2M
$31.1M
Gross Margin
59.2%
Operating Margin
8.7%
18.3%
Net Margin
4.7%
11.1%
Revenue YoY
7.5%
4.2%
Net Profit YoY
93.3%
620.3%
EPS (diluted)
$0.19
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACEL
ACEL
BLKB
BLKB
Q1 26
$281.1M
Q4 25
$341.4M
$295.3M
Q3 25
$329.7M
$281.1M
Q2 25
$335.9M
$282.0M
Q1 25
$323.9M
$269.9M
Q4 24
$317.5M
$302.1M
Q3 24
$302.2M
$286.6M
Q2 24
$309.4M
$287.3M
Net Profit
ACEL
ACEL
BLKB
BLKB
Q1 26
$31.1M
Q4 25
$16.2M
$36.7M
Q3 25
$13.4M
$47.5M
Q2 25
$7.3M
$26.5M
Q1 25
$14.6M
$4.3M
Q4 24
$8.4M
$-346.4M
Q3 24
$4.9M
$18.3M
Q2 24
$14.6M
$21.2M
Gross Margin
ACEL
ACEL
BLKB
BLKB
Q1 26
59.2%
Q4 25
58.3%
Q3 25
59.6%
Q2 25
59.7%
Q1 25
57.5%
Q4 24
53.8%
Q3 24
54.9%
Q2 24
56.0%
Operating Margin
ACEL
ACEL
BLKB
BLKB
Q1 26
18.3%
Q4 25
8.7%
20.0%
Q3 25
7.7%
19.4%
Q2 25
8.0%
20.3%
Q1 25
8.0%
7.3%
Q4 24
6.5%
-121.5%
Q3 24
7.2%
14.4%
Q2 24
7.3%
14.4%
Net Margin
ACEL
ACEL
BLKB
BLKB
Q1 26
11.1%
Q4 25
4.7%
12.4%
Q3 25
4.1%
16.9%
Q2 25
2.2%
9.4%
Q1 25
4.5%
1.6%
Q4 24
2.6%
-114.6%
Q3 24
1.6%
6.4%
Q2 24
4.7%
7.4%
EPS (diluted)
ACEL
ACEL
BLKB
BLKB
Q1 26
$0.67
Q4 25
$0.19
$0.75
Q3 25
$0.16
$0.98
Q2 25
$0.08
$0.55
Q1 25
$0.17
$0.09
Q4 24
$0.09
$-6.82
Q3 24
$0.06
$0.35
Q2 24
$0.17
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACEL
ACEL
BLKB
BLKB
Cash + ST InvestmentsLiquidity on hand
$296.6M
$34.1M
Total DebtLower is stronger
$607.4M
Stockholders' EquityBook value
$269.7M
$34.6M
Total Assets
$1.1B
$2.1B
Debt / EquityLower = less leverage
2.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
BLKB
BLKB
Q1 26
$34.1M
Q4 25
$296.6M
$38.9M
Q3 25
$290.2M
$38.3M
Q2 25
$264.6M
$41.6M
Q1 25
$271.9M
$37.2M
Q4 24
$281.3M
$67.6M
Q3 24
$265.1M
$34.6M
Q2 24
$254.9M
$30.4M
Total Debt
ACEL
ACEL
BLKB
BLKB
Q1 26
Q4 25
$607.4M
$1.1B
Q3 25
$595.4M
Q2 25
$595.5M
Q1 25
$580.7M
Q4 24
$595.4M
$1.1B
Q3 24
$554.1M
$1.0B
Q2 24
$565.7M
$1.0B
Stockholders' Equity
ACEL
ACEL
BLKB
BLKB
Q1 26
$34.6M
Q4 25
$269.7M
$85.1M
Q3 25
$267.1M
$108.2M
Q2 25
$260.5M
$72.7M
Q1 25
$259.1M
$17.5M
Q4 24
$255.0M
$126.8M
Q3 24
$206.7M
$544.8M
Q2 24
$209.1M
$577.5M
Total Assets
ACEL
ACEL
BLKB
BLKB
Q1 26
$2.1B
Q4 25
$1.1B
$2.4B
Q3 25
$1.1B
$2.1B
Q2 25
$1.1B
$2.6B
Q1 25
$1.0B
$2.1B
Q4 24
$1.0B
$2.5B
Q3 24
$950.2M
$2.6B
Q2 24
$950.3M
$3.0B
Debt / Equity
ACEL
ACEL
BLKB
BLKB
Q1 26
Q4 25
2.25×
13.06×
Q3 25
2.23×
Q2 25
2.29×
Q1 25
2.24×
Q4 24
2.33×
8.50×
Q3 24
2.68×
1.84×
Q2 24
2.71×
1.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACEL
ACEL
BLKB
BLKB
Operating Cash FlowLast quarter
$31.1M
$51.5M
Free Cash FlowOCF − Capex
$16.0M
$37.0M
FCF MarginFCF / Revenue
4.7%
13.2%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
1.92×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
BLKB
BLKB
Q1 26
$51.5M
Q4 25
$31.1M
$58.0M
Q3 25
$55.2M
$139.2M
Q2 25
$19.8M
$66.9M
Q1 25
$44.8M
$1.4M
Q4 24
$13.5M
$73.6M
Q3 24
$50.1M
$104.0M
Q2 24
$28.9M
$53.1M
Free Cash Flow
ACEL
ACEL
BLKB
BLKB
Q1 26
$37.0M
Q4 25
$16.0M
$55.0M
Q3 25
$34.2M
$135.7M
Q2 25
$-6.2M
$66.3M
Q1 25
$18.0M
$712.0K
Q4 24
$2.1M
$73.4M
Q3 24
$33.1M
$102.9M
Q2 24
$11.4M
$48.0M
FCF Margin
ACEL
ACEL
BLKB
BLKB
Q1 26
13.2%
Q4 25
4.7%
18.6%
Q3 25
10.4%
48.3%
Q2 25
-1.9%
23.5%
Q1 25
5.6%
0.3%
Q4 24
0.7%
24.3%
Q3 24
11.0%
35.9%
Q2 24
3.7%
16.7%
Capex Intensity
ACEL
ACEL
BLKB
BLKB
Q1 26
Q4 25
4.4%
1.0%
Q3 25
6.4%
1.2%
Q2 25
7.8%
0.2%
Q1 25
8.3%
0.3%
Q4 24
3.6%
0.1%
Q3 24
5.6%
0.4%
Q2 24
5.7%
1.8%
Cash Conversion
ACEL
ACEL
BLKB
BLKB
Q1 26
1.65×
Q4 25
1.92×
1.58×
Q3 25
4.13×
2.93×
Q2 25
2.71×
2.53×
Q1 25
3.06×
0.32×
Q4 24
1.62×
Q3 24
10.23×
5.69×
Q2 24
1.98×
2.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACEL
ACEL

Video Gaming$319.1M93%
ATM Fees And Other Revenue$13.5M4%
Amusement$5.3M2%
Manufacturing$3.6M1%

BLKB
BLKB

Segment breakdown not available.

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