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

CASELLA WASTE SYSTEMS INC is the larger business by last-quarter revenue ($469.1M vs $341.4M, roughly 1.4× Accel Entertainment, Inc.). Accel Entertainment, Inc. runs the higher net margin — 4.7% vs -0.5%, a 5.3% gap on every dollar of revenue. On growth, CASELLA WASTE SYSTEMS INC posted the faster year-over-year revenue change (9.7% vs 7.5%). CASELLA WASTE SYSTEMS INC produced more free cash flow last quarter ($39.3M vs $16.0M). Over the past eight quarters, CASELLA WASTE SYSTEMS INC's revenue compounded faster (17.3% CAGR vs 6.4%).

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.

Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in...

ACEL vs CWST — Head-to-Head

Bigger by revenue
CWST
CWST
1.4× larger
CWST
$469.1M
$341.4M
ACEL
Growing faster (revenue YoY)
CWST
CWST
+2.2% gap
CWST
9.7%
7.5%
ACEL
Higher net margin
ACEL
ACEL
5.3% more per $
ACEL
4.7%
-0.5%
CWST
More free cash flow
CWST
CWST
$23.3M more FCF
CWST
$39.3M
$16.0M
ACEL
Faster 2-yr revenue CAGR
CWST
CWST
Annualised
CWST
17.3%
6.4%
ACEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACEL
ACEL
CWST
CWST
Revenue
$341.4M
$469.1M
Net Profit
$16.2M
$-2.5M
Gross Margin
33.3%
Operating Margin
8.7%
2.5%
Net Margin
4.7%
-0.5%
Revenue YoY
7.5%
9.7%
Net Profit YoY
93.3%
-151.5%
EPS (diluted)
$0.19
$-0.04

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
CWST
CWST
Q4 25
$341.4M
$469.1M
Q3 25
$329.7M
$485.4M
Q2 25
$335.9M
$465.3M
Q1 25
$323.9M
$417.1M
Q4 24
$317.5M
$427.5M
Q3 24
$302.2M
$411.6M
Q2 24
$309.4M
$377.2M
Q1 24
$301.8M
$341.0M
Net Profit
ACEL
ACEL
CWST
CWST
Q4 25
$16.2M
$-2.5M
Q3 25
$13.4M
$10.0M
Q2 25
$7.3M
$5.2M
Q1 25
$14.6M
$-4.8M
Q4 24
$8.4M
$4.9M
Q3 24
$4.9M
$5.8M
Q2 24
$14.6M
$7.0M
Q1 24
$7.4M
$-4.1M
Gross Margin
ACEL
ACEL
CWST
CWST
Q4 25
33.3%
Q3 25
35.0%
Q2 25
33.8%
Q1 25
32.8%
Q4 24
33.2%
Q3 24
35.1%
Q2 24
35.4%
Q1 24
32.3%
Operating Margin
ACEL
ACEL
CWST
CWST
Q4 25
8.7%
2.5%
Q3 25
7.7%
6.1%
Q2 25
8.0%
4.1%
Q1 25
8.0%
0.8%
Q4 24
6.5%
4.3%
Q3 24
7.2%
5.9%
Q2 24
7.3%
6.1%
Q1 24
8.5%
2.0%
Net Margin
ACEL
ACEL
CWST
CWST
Q4 25
4.7%
-0.5%
Q3 25
4.1%
2.1%
Q2 25
2.2%
1.1%
Q1 25
4.5%
-1.2%
Q4 24
2.6%
1.1%
Q3 24
1.6%
1.4%
Q2 24
4.7%
1.9%
Q1 24
2.5%
-1.2%
EPS (diluted)
ACEL
ACEL
CWST
CWST
Q4 25
$0.19
$-0.04
Q3 25
$0.16
$0.16
Q2 25
$0.08
$0.08
Q1 25
$0.17
$-0.08
Q4 24
$0.09
$0.08
Q3 24
$0.06
$0.10
Q2 24
$0.17
$0.12
Q1 24
$0.09
$-0.07

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
CWST
CWST
Cash + ST InvestmentsLiquidity on hand
$296.6M
$123.8M
Total DebtLower is stronger
$607.4M
$1.1B
Stockholders' EquityBook value
$269.7M
$1.6B
Total Assets
$1.1B
$3.3B
Debt / EquityLower = less leverage
2.25×
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
CWST
CWST
Q4 25
$296.6M
$123.8M
Q3 25
$290.2M
$192.7M
Q2 25
$264.6M
$217.8M
Q1 25
$271.9M
$267.7M
Q4 24
$281.3M
$358.3M
Q3 24
$265.1M
$519.0M
Q2 24
$254.9M
$208.5M
Q1 24
$253.9M
$189.5M
Total Debt
ACEL
ACEL
CWST
CWST
Q4 25
$607.4M
$1.1B
Q3 25
$595.4M
$1.1B
Q2 25
$595.5M
$1.1B
Q1 25
$580.7M
$1.1B
Q4 24
$595.4M
$1.1B
Q3 24
$554.1M
$1.0B
Q2 24
$565.7M
$976.6M
Q1 24
$539.9M
$980.9M
Stockholders' Equity
ACEL
ACEL
CWST
CWST
Q4 25
$269.7M
$1.6B
Q3 25
$267.1M
$1.6B
Q2 25
$260.5M
$1.6B
Q1 25
$259.1M
$1.5B
Q4 24
$255.0M
$1.6B
Q3 24
$206.7M
$1.5B
Q2 24
$209.1M
$1.0B
Q1 24
$202.1M
$1.0B
Total Assets
ACEL
ACEL
CWST
CWST
Q4 25
$1.1B
$3.3B
Q3 25
$1.1B
$3.3B
Q2 25
$1.1B
$3.3B
Q1 25
$1.0B
$3.2B
Q4 24
$1.0B
$3.2B
Q3 24
$950.2M
$3.1B
Q2 24
$950.3M
$2.5B
Q1 24
$919.1M
$2.5B
Debt / Equity
ACEL
ACEL
CWST
CWST
Q4 25
2.25×
0.72×
Q3 25
2.23×
0.72×
Q2 25
2.29×
0.72×
Q1 25
2.24×
0.72×
Q4 24
2.33×
0.70×
Q3 24
2.68×
0.68×
Q2 24
2.71×
0.94×
Q1 24
2.67×
0.96×

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
CWST
CWST
Operating Cash FlowLast quarter
$31.1M
$96.6M
Free Cash FlowOCF − Capex
$16.0M
$39.3M
FCF MarginFCF / Revenue
4.7%
8.4%
Capex IntensityCapex / Revenue
4.4%
12.2%
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$84.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
CWST
CWST
Q4 25
$31.1M
$96.6M
Q3 25
$55.2M
$93.6M
Q2 25
$19.8M
$89.5M
Q1 25
$44.8M
$50.1M
Q4 24
$13.5M
$109.8M
Q3 24
$50.1M
$91.8M
Q2 24
$28.9M
$72.1M
Q1 24
$28.8M
$7.7M
Free Cash Flow
ACEL
ACEL
CWST
CWST
Q4 25
$16.0M
$39.3M
Q3 25
$34.2M
$27.6M
Q2 25
$-6.2M
$23.1M
Q1 25
$18.0M
$-5.4M
Q4 24
$2.1M
$32.9M
Q3 24
$33.1M
$40.4M
Q2 24
$11.4M
$27.5M
Q1 24
$8.1M
$-22.6M
FCF Margin
ACEL
ACEL
CWST
CWST
Q4 25
4.7%
8.4%
Q3 25
10.4%
5.7%
Q2 25
-1.9%
5.0%
Q1 25
5.6%
-1.3%
Q4 24
0.7%
7.7%
Q3 24
11.0%
9.8%
Q2 24
3.7%
7.3%
Q1 24
2.7%
-6.6%
Capex Intensity
ACEL
ACEL
CWST
CWST
Q4 25
4.4%
12.2%
Q3 25
6.4%
13.6%
Q2 25
7.8%
14.3%
Q1 25
8.3%
13.3%
Q4 24
3.6%
18.0%
Q3 24
5.6%
12.5%
Q2 24
5.7%
11.8%
Q1 24
6.8%
8.9%
Cash Conversion
ACEL
ACEL
CWST
CWST
Q4 25
1.92×
Q3 25
4.13×
9.37×
Q2 25
2.71×
17.19×
Q1 25
3.06×
Q4 24
1.62×
22.51×
Q3 24
10.23×
15.91×
Q2 24
1.98×
10.29×
Q1 24
3.88×

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%

CWST
CWST

Transferred Over Time$120.9M26%
Resource Solutions Region$92.9M20%
Collection$90.9M19%
Mid Atlantic Region$89.6M19%
National Accounts$60.9M13%
Landfill Revenue$8.3M2%
Processing Services$2.1M0%
Transportation$1.4M0%

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