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

ExlService Holdings, Inc. is the larger business by last-quarter revenue ($542.6M vs $341.4M, roughly 1.6× Accel Entertainment, Inc.). ExlService Holdings, Inc. runs the higher net margin — 11.1% vs 4.7%, a 6.4% gap on every dollar of revenue. On growth, ExlService Holdings, Inc. posted the faster year-over-year revenue change (12.7% vs 7.5%). ExlService Holdings, Inc. produced more free cash flow last quarter ($106.5M vs $16.0M). Over the past eight quarters, ExlService Holdings, Inc.'s revenue compounded faster (11.5% 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.

Exlservice Holdings, Inc. is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 54,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.

ACEL vs EXLS — Head-to-Head

Bigger by revenue
EXLS
EXLS
1.6× larger
EXLS
$542.6M
$341.4M
ACEL
Growing faster (revenue YoY)
EXLS
EXLS
+5.2% gap
EXLS
12.7%
7.5%
ACEL
Higher net margin
EXLS
EXLS
6.4% more per $
EXLS
11.1%
4.7%
ACEL
More free cash flow
EXLS
EXLS
$90.5M more FCF
EXLS
$106.5M
$16.0M
ACEL
Faster 2-yr revenue CAGR
EXLS
EXLS
Annualised
EXLS
11.5%
6.4%
ACEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACEL
ACEL
EXLS
EXLS
Revenue
$341.4M
$542.6M
Net Profit
$16.2M
$60.2M
Gross Margin
38.6%
Operating Margin
8.7%
14.4%
Net Margin
4.7%
11.1%
Revenue YoY
7.5%
12.7%
Net Profit YoY
93.3%
18.9%
EPS (diluted)
$0.19
$0.38

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
EXLS
EXLS
Q4 25
$341.4M
$542.6M
Q3 25
$329.7M
$529.6M
Q2 25
$335.9M
$514.5M
Q1 25
$323.9M
$501.0M
Q4 24
$317.5M
$481.4M
Q3 24
$302.2M
$472.1M
Q2 24
$309.4M
$448.4M
Q1 24
$301.8M
$436.5M
Net Profit
ACEL
ACEL
EXLS
EXLS
Q4 25
$16.2M
$60.2M
Q3 25
$13.4M
$58.2M
Q2 25
$7.3M
$66.1M
Q1 25
$14.6M
$66.6M
Q4 24
$8.4M
$50.7M
Q3 24
$4.9M
$53.0M
Q2 24
$14.6M
$45.8M
Q1 24
$7.4M
$48.8M
Gross Margin
ACEL
ACEL
EXLS
EXLS
Q4 25
38.6%
Q3 25
38.5%
Q2 25
37.7%
Q1 25
38.6%
Q4 24
38.1%
Q3 24
37.8%
Q2 24
37.1%
Q1 24
37.4%
Operating Margin
ACEL
ACEL
EXLS
EXLS
Q4 25
8.7%
14.4%
Q3 25
7.7%
14.4%
Q2 25
8.0%
15.8%
Q1 25
8.0%
15.7%
Q4 24
6.5%
14.8%
Q3 24
7.2%
14.7%
Q2 24
7.3%
13.7%
Q1 24
8.5%
14.1%
Net Margin
ACEL
ACEL
EXLS
EXLS
Q4 25
4.7%
11.1%
Q3 25
4.1%
11.0%
Q2 25
2.2%
12.8%
Q1 25
4.5%
13.3%
Q4 24
2.6%
10.5%
Q3 24
1.6%
11.2%
Q2 24
4.7%
10.2%
Q1 24
2.5%
11.2%
EPS (diluted)
ACEL
ACEL
EXLS
EXLS
Q4 25
$0.19
$0.38
Q3 25
$0.16
$0.36
Q2 25
$0.08
$0.40
Q1 25
$0.17
$0.40
Q4 24
$0.09
$0.31
Q3 24
$0.06
$0.33
Q2 24
$0.17
$0.28
Q1 24
$0.09
$0.29

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
EXLS
EXLS
Cash + ST InvestmentsLiquidity on hand
$296.6M
$328.4M
Total DebtLower is stronger
$607.4M
$298.6M
Stockholders' EquityBook value
$269.7M
$912.7M
Total Assets
$1.1B
$1.7B
Debt / EquityLower = less leverage
2.25×
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
EXLS
EXLS
Q4 25
$296.6M
$328.4M
Q3 25
$290.2M
$390.1M
Q2 25
$264.6M
$353.3M
Q1 25
$271.9M
$331.4M
Q4 24
$281.3M
$340.6M
Q3 24
$265.1M
$325.8M
Q2 24
$254.9M
$276.1M
Q1 24
$253.9M
$246.2M
Total Debt
ACEL
ACEL
EXLS
EXLS
Q4 25
$607.4M
$298.6M
Q3 25
$595.4M
$354.8M
Q2 25
$595.5M
$260.0M
Q1 25
$580.7M
$307.3M
Q4 24
$595.4M
$288.5M
Q3 24
$554.1M
$344.7M
Q2 24
$565.7M
Q1 24
$539.9M
Stockholders' Equity
ACEL
ACEL
EXLS
EXLS
Q4 25
$269.7M
$912.7M
Q3 25
$267.1M
$952.4M
Q2 25
$260.5M
$1.1B
Q1 25
$259.1M
$1.0B
Q4 24
$255.0M
$929.9M
Q3 24
$206.7M
$907.6M
Q2 24
$209.1M
$852.6M
Q1 24
$202.1M
$803.3M
Total Assets
ACEL
ACEL
EXLS
EXLS
Q4 25
$1.1B
$1.7B
Q3 25
$1.1B
$1.7B
Q2 25
$1.1B
$1.7B
Q1 25
$1.0B
$1.7B
Q4 24
$1.0B
$1.6B
Q3 24
$950.2M
$1.6B
Q2 24
$950.3M
$1.5B
Q1 24
$919.1M
$1.4B
Debt / Equity
ACEL
ACEL
EXLS
EXLS
Q4 25
2.25×
0.33×
Q3 25
2.23×
0.37×
Q2 25
2.29×
0.25×
Q1 25
2.24×
0.30×
Q4 24
2.33×
0.31×
Q3 24
2.68×
0.38×
Q2 24
2.71×
Q1 24
2.67×

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
EXLS
EXLS
Operating Cash FlowLast quarter
$31.1M
$117.4M
Free Cash FlowOCF − Capex
$16.0M
$106.5M
FCF MarginFCF / Revenue
4.7%
19.6%
Capex IntensityCapex / Revenue
4.4%
2.0%
Cash ConversionOCF / Net Profit
1.92×
1.95×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$298.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
EXLS
EXLS
Q4 25
$31.1M
$117.4M
Q3 25
$55.2M
$120.7M
Q2 25
$19.8M
$109.4M
Q1 25
$44.8M
$3.2M
Q4 24
$13.5M
$105.3M
Q3 24
$50.1M
$110.1M
Q2 24
$28.9M
$74.9M
Q1 24
$28.8M
$-21.9M
Free Cash Flow
ACEL
ACEL
EXLS
EXLS
Q4 25
$16.0M
$106.5M
Q3 25
$34.2M
$106.4M
Q2 25
$-6.2M
$95.0M
Q1 25
$18.0M
$-9.7M
Q4 24
$2.1M
$95.3M
Q3 24
$33.1M
$97.3M
Q2 24
$11.4M
$62.8M
Q1 24
$8.1M
$-33.1M
FCF Margin
ACEL
ACEL
EXLS
EXLS
Q4 25
4.7%
19.6%
Q3 25
10.4%
20.1%
Q2 25
-1.9%
18.5%
Q1 25
5.6%
-1.9%
Q4 24
0.7%
19.8%
Q3 24
11.0%
20.6%
Q2 24
3.7%
14.0%
Q1 24
2.7%
-7.6%
Capex Intensity
ACEL
ACEL
EXLS
EXLS
Q4 25
4.4%
2.0%
Q3 25
6.4%
2.7%
Q2 25
7.8%
2.8%
Q1 25
8.3%
2.6%
Q4 24
3.6%
2.1%
Q3 24
5.6%
2.7%
Q2 24
5.7%
2.7%
Q1 24
6.8%
2.6%
Cash Conversion
ACEL
ACEL
EXLS
EXLS
Q4 25
1.92×
1.95×
Q3 25
4.13×
2.08×
Q2 25
2.71×
1.66×
Q1 25
3.06×
0.05×
Q4 24
1.62×
2.08×
Q3 24
10.23×
2.08×
Q2 24
1.98×
1.63×
Q1 24
3.88×
-0.45×

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%

EXLS
EXLS

Insurance$185.8M34%
Healthcare And Life Sciences$142.2M26%
Banking Capital Markets And Diversified Industries$122.6M23%
International Growth Markets$92.0M17%

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