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Side-by-side financial comparison of Accel Entertainment, Inc. (ACEL) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

Accel Entertainment, Inc. is the larger business by last-quarter revenue ($341.4M vs $295.3M, roughly 1.2× National Energy Services Reunited Corp.). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs 4.7%, a 1.3% gap on every dollar of revenue. On growth, Accel Entertainment, Inc. posted the faster year-over-year revenue change (7.5% vs -12.2%). Accel Entertainment, Inc. produced more free cash flow last quarter ($16.0M vs $-34.1M).

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.

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

ACEL vs NESR — Head-to-Head

Bigger by revenue
ACEL
ACEL
1.2× larger
ACEL
$341.4M
$295.3M
NESR
Growing faster (revenue YoY)
ACEL
ACEL
+19.7% gap
ACEL
7.5%
-12.2%
NESR
Higher net margin
NESR
NESR
1.3% more per $
NESR
6.0%
4.7%
ACEL
More free cash flow
ACEL
ACEL
$50.0M more FCF
ACEL
$16.0M
$-34.1M
NESR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ACEL
ACEL
NESR
NESR
Revenue
$341.4M
$295.3M
Net Profit
$16.2M
$17.7M
Gross Margin
12.0%
Operating Margin
8.7%
6.6%
Net Margin
4.7%
6.0%
Revenue YoY
7.5%
-12.2%
Net Profit YoY
93.3%
-14.0%
EPS (diluted)
$0.19
$0.18

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
NESR
NESR
Q4 25
$341.4M
Q3 25
$329.7M
$295.3M
Q2 25
$335.9M
$327.4M
Q1 25
$323.9M
$303.1M
Q4 24
$317.5M
Q3 24
$302.2M
$336.2M
Q2 24
$309.4M
$325.0M
Q1 24
$301.8M
Net Profit
ACEL
ACEL
NESR
NESR
Q4 25
$16.2M
Q3 25
$13.4M
$17.7M
Q2 25
$7.3M
$15.2M
Q1 25
$14.6M
$10.4M
Q4 24
$8.4M
Q3 24
$4.9M
$20.6M
Q2 24
$14.6M
$18.9M
Q1 24
$7.4M
Gross Margin
ACEL
ACEL
NESR
NESR
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Q1 24
Operating Margin
ACEL
ACEL
NESR
NESR
Q4 25
8.7%
Q3 25
7.7%
6.6%
Q2 25
8.0%
8.3%
Q1 25
8.0%
6.9%
Q4 24
6.5%
Q3 24
7.2%
10.5%
Q2 24
7.3%
10.5%
Q1 24
8.5%
Net Margin
ACEL
ACEL
NESR
NESR
Q4 25
4.7%
Q3 25
4.1%
6.0%
Q2 25
2.2%
4.6%
Q1 25
4.5%
3.4%
Q4 24
2.6%
Q3 24
1.6%
6.1%
Q2 24
4.7%
5.8%
Q1 24
2.5%
EPS (diluted)
ACEL
ACEL
NESR
NESR
Q4 25
$0.19
Q3 25
$0.16
$0.18
Q2 25
$0.08
$0.16
Q1 25
$0.17
$0.11
Q4 24
$0.09
Q3 24
$0.06
$0.22
Q2 24
$0.17
$0.20
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$296.6M
$69.7M
Total DebtLower is stronger
$607.4M
$274.1M
Stockholders' EquityBook value
$269.7M
$956.7M
Total Assets
$1.1B
$1.8B
Debt / EquityLower = less leverage
2.25×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
NESR
NESR
Q4 25
$296.6M
Q3 25
$290.2M
$69.7M
Q2 25
$264.6M
$131.8M
Q1 25
$271.9M
$78.7M
Q4 24
$281.3M
Q3 24
$265.1M
$118.2M
Q2 24
$254.9M
$75.0M
Q1 24
$253.9M
Total Debt
ACEL
ACEL
NESR
NESR
Q4 25
$607.4M
Q3 25
$595.4M
$274.1M
Q2 25
$595.5M
$291.7M
Q1 25
$580.7M
$309.2M
Q4 24
$595.4M
Q3 24
$554.1M
$358.7M
Q2 24
$565.7M
$376.7M
Q1 24
$539.9M
Stockholders' Equity
ACEL
ACEL
NESR
NESR
Q4 25
$269.7M
Q3 25
$267.1M
$956.7M
Q2 25
$260.5M
$936.9M
Q1 25
$259.1M
$920.5M
Q4 24
$255.0M
Q3 24
$206.7M
$873.5M
Q2 24
$209.1M
$851.4M
Q1 24
$202.1M
Total Assets
ACEL
ACEL
NESR
NESR
Q4 25
$1.1B
Q3 25
$1.1B
$1.8B
Q2 25
$1.1B
$1.8B
Q1 25
$1.0B
$1.8B
Q4 24
$1.0B
Q3 24
$950.2M
$1.8B
Q2 24
$950.3M
$1.8B
Q1 24
$919.1M
Debt / Equity
ACEL
ACEL
NESR
NESR
Q4 25
2.25×
Q3 25
2.23×
0.29×
Q2 25
2.29×
0.31×
Q1 25
2.24×
0.34×
Q4 24
2.33×
Q3 24
2.68×
0.41×
Q2 24
2.71×
0.44×
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
NESR
NESR
Operating Cash FlowLast quarter
$31.1M
$6.7M
Free Cash FlowOCF − Capex
$16.0M
$-34.1M
FCF MarginFCF / Revenue
4.7%
-11.5%
Capex IntensityCapex / Revenue
4.4%
13.8%
Cash ConversionOCF / Net Profit
1.92×
0.38×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
NESR
NESR
Q4 25
$31.1M
Q3 25
$55.2M
$6.7M
Q2 25
$19.8M
$98.5M
Q1 25
$44.8M
$20.5M
Q4 24
$13.5M
Q3 24
$50.1M
$70.8M
Q2 24
$28.9M
Q1 24
$28.8M
Free Cash Flow
ACEL
ACEL
NESR
NESR
Q4 25
$16.0M
Q3 25
$34.2M
$-34.1M
Q2 25
$-6.2M
$68.7M
Q1 25
$18.0M
$-9.6M
Q4 24
$2.1M
Q3 24
$33.1M
$43.4M
Q2 24
$11.4M
Q1 24
$8.1M
FCF Margin
ACEL
ACEL
NESR
NESR
Q4 25
4.7%
Q3 25
10.4%
-11.5%
Q2 25
-1.9%
21.0%
Q1 25
5.6%
-3.2%
Q4 24
0.7%
Q3 24
11.0%
12.9%
Q2 24
3.7%
Q1 24
2.7%
Capex Intensity
ACEL
ACEL
NESR
NESR
Q4 25
4.4%
Q3 25
6.4%
13.8%
Q2 25
7.8%
9.1%
Q1 25
8.3%
9.9%
Q4 24
3.6%
Q3 24
5.6%
8.1%
Q2 24
5.7%
Q1 24
6.8%
Cash Conversion
ACEL
ACEL
NESR
NESR
Q4 25
1.92×
Q3 25
4.13×
0.38×
Q2 25
2.71×
6.48×
Q1 25
3.06×
1.97×
Q4 24
1.62×
Q3 24
10.23×
3.43×
Q2 24
1.98×
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%

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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