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

MSA Safety Inc is the larger business by last-quarter revenue ($510.9M vs $341.4M, roughly 1.5× Accel Entertainment, Inc.). MSA Safety Inc runs the higher net margin — 17.0% vs 4.7%, a 12.3% gap on every dollar of revenue. On growth, Accel Entertainment, Inc. posted the faster year-over-year revenue change (7.5% vs 2.2%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $16.0M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% 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.

Mine Safety Appliances, or MSA Safety Incorporated, is an American manufacturer and supplier of safety equipment designed for use in a variety of hazardous conditions in industries such as construction, the military, fire service, and chemical, oil, and gas production. MSA is based in the Pittsburgh suburb of Cranberry.

ACEL vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.5× larger
MSA
$510.9M
$341.4M
ACEL
Growing faster (revenue YoY)
ACEL
ACEL
+5.3% gap
ACEL
7.5%
2.2%
MSA
Higher net margin
MSA
MSA
12.3% more per $
MSA
17.0%
4.7%
ACEL
More free cash flow
MSA
MSA
$90.0M more FCF
MSA
$106.0M
$16.0M
ACEL
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
6.4%
ACEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACEL
ACEL
MSA
MSA
Revenue
$341.4M
$510.9M
Net Profit
$16.2M
$86.9M
Gross Margin
46.9%
Operating Margin
8.7%
22.3%
Net Margin
4.7%
17.0%
Revenue YoY
7.5%
2.2%
Net Profit YoY
93.3%
-1.2%
EPS (diluted)
$0.19
$2.22

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
MSA
MSA
Q4 25
$341.4M
$510.9M
Q3 25
$329.7M
$468.4M
Q2 25
$335.9M
$474.1M
Q1 25
$323.9M
$421.3M
Q4 24
$317.5M
$499.7M
Q3 24
$302.2M
$432.7M
Q2 24
$309.4M
$462.5M
Q1 24
$301.8M
$413.3M
Net Profit
ACEL
ACEL
MSA
MSA
Q4 25
$16.2M
$86.9M
Q3 25
$13.4M
$69.6M
Q2 25
$7.3M
$62.8M
Q1 25
$14.6M
$59.6M
Q4 24
$8.4M
$87.9M
Q3 24
$4.9M
$66.6M
Q2 24
$14.6M
$72.2M
Q1 24
$7.4M
$58.1M
Gross Margin
ACEL
ACEL
MSA
MSA
Q4 25
46.9%
Q3 25
46.5%
Q2 25
46.6%
Q1 25
45.9%
Q4 24
46.9%
Q3 24
47.9%
Q2 24
48.2%
Q1 24
47.3%
Operating Margin
ACEL
ACEL
MSA
MSA
Q4 25
8.7%
22.3%
Q3 25
7.7%
20.1%
Q2 25
8.0%
18.1%
Q1 25
8.0%
18.5%
Q4 24
6.5%
23.5%
Q3 24
7.2%
21.1%
Q2 24
7.3%
21.6%
Q1 24
8.5%
19.4%
Net Margin
ACEL
ACEL
MSA
MSA
Q4 25
4.7%
17.0%
Q3 25
4.1%
14.9%
Q2 25
2.2%
13.2%
Q1 25
4.5%
14.1%
Q4 24
2.6%
17.6%
Q3 24
1.6%
15.4%
Q2 24
4.7%
15.6%
Q1 24
2.5%
14.1%
EPS (diluted)
ACEL
ACEL
MSA
MSA
Q4 25
$0.19
$2.22
Q3 25
$0.16
$1.77
Q2 25
$0.08
$1.59
Q1 25
$0.17
$1.51
Q4 24
$0.09
$2.22
Q3 24
$0.06
$1.69
Q2 24
$0.17
$1.83
Q1 24
$0.09
$1.47

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$296.6M
$165.1M
Total DebtLower is stronger
$607.4M
$580.9M
Stockholders' EquityBook value
$269.7M
$1.4B
Total Assets
$1.1B
$2.6B
Debt / EquityLower = less leverage
2.25×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
MSA
MSA
Q4 25
$296.6M
$165.1M
Q3 25
$290.2M
$170.0M
Q2 25
$264.6M
$147.0M
Q1 25
$271.9M
$170.6M
Q4 24
$281.3M
$164.6M
Q3 24
$265.1M
$154.4M
Q2 24
$254.9M
$146.8M
Q1 24
$253.9M
$148.3M
Total Debt
ACEL
ACEL
MSA
MSA
Q4 25
$607.4M
$580.9M
Q3 25
$595.4M
$628.6M
Q2 25
$595.5M
$679.3M
Q1 25
$580.7M
$502.1M
Q4 24
$595.4M
$508.0M
Q3 24
$554.1M
$554.7M
Q2 24
$565.7M
$588.2M
Q1 24
$539.9M
$596.2M
Stockholders' Equity
ACEL
ACEL
MSA
MSA
Q4 25
$269.7M
$1.4B
Q3 25
$267.1M
$1.3B
Q2 25
$260.5M
$1.3B
Q1 25
$259.1M
$1.2B
Q4 24
$255.0M
$1.1B
Q3 24
$206.7M
$1.1B
Q2 24
$209.1M
$1.0B
Q1 24
$202.1M
$994.8M
Total Assets
ACEL
ACEL
MSA
MSA
Q4 25
$1.1B
$2.6B
Q3 25
$1.1B
$2.6B
Q2 25
$1.1B
$2.6B
Q1 25
$1.0B
$2.2B
Q4 24
$1.0B
$2.2B
Q3 24
$950.2M
$2.2B
Q2 24
$950.3M
$2.2B
Q1 24
$919.1M
$2.2B
Debt / Equity
ACEL
ACEL
MSA
MSA
Q4 25
2.25×
0.42×
Q3 25
2.23×
0.48×
Q2 25
2.29×
0.54×
Q1 25
2.24×
0.42×
Q4 24
2.33×
0.44×
Q3 24
2.68×
0.51×
Q2 24
2.71×
0.57×
Q1 24
2.67×
0.60×

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
MSA
MSA
Operating Cash FlowLast quarter
$31.1M
$122.4M
Free Cash FlowOCF − Capex
$16.0M
$106.0M
FCF MarginFCF / Revenue
4.7%
20.8%
Capex IntensityCapex / Revenue
4.4%
3.2%
Cash ConversionOCF / Net Profit
1.92×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
MSA
MSA
Q4 25
$31.1M
$122.4M
Q3 25
$55.2M
$112.5M
Q2 25
$19.8M
$67.2M
Q1 25
$44.8M
$61.8M
Q4 24
$13.5M
$107.9M
Q3 24
$50.1M
$84.3M
Q2 24
$28.9M
$53.3M
Q1 24
$28.8M
$50.9M
Free Cash Flow
ACEL
ACEL
MSA
MSA
Q4 25
$16.0M
$106.0M
Q3 25
$34.2M
$100.5M
Q2 25
$-6.2M
$37.9M
Q1 25
$18.0M
$51.0M
Q4 24
$2.1M
$93.5M
Q3 24
$33.1M
$70.1M
Q2 24
$11.4M
$39.0M
Q1 24
$8.1M
$39.7M
FCF Margin
ACEL
ACEL
MSA
MSA
Q4 25
4.7%
20.8%
Q3 25
10.4%
21.4%
Q2 25
-1.9%
8.0%
Q1 25
5.6%
12.1%
Q4 24
0.7%
18.7%
Q3 24
11.0%
16.2%
Q2 24
3.7%
8.4%
Q1 24
2.7%
9.6%
Capex Intensity
ACEL
ACEL
MSA
MSA
Q4 25
4.4%
3.2%
Q3 25
6.4%
2.6%
Q2 25
7.8%
6.2%
Q1 25
8.3%
2.6%
Q4 24
3.6%
2.9%
Q3 24
5.6%
3.3%
Q2 24
5.7%
3.1%
Q1 24
6.8%
2.7%
Cash Conversion
ACEL
ACEL
MSA
MSA
Q4 25
1.92×
1.41×
Q3 25
4.13×
1.62×
Q2 25
2.71×
1.07×
Q1 25
3.06×
1.04×
Q4 24
1.62×
1.23×
Q3 24
10.23×
1.27×
Q2 24
1.98×
0.74×
Q1 24
3.88×
0.88×

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%

MSA
MSA

Americas Segment$335.2M66%
International Segment$175.7M34%

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