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Side-by-side financial comparison of Accel Entertainment, Inc. (ACEL) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.

NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($637.9M vs $341.4M, roughly 1.9× Accel Entertainment, Inc.). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 4.7%, a 23.7% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs 7.5%). Accel Entertainment, Inc. produced more free cash flow last quarter ($16.0M vs $-2.7M). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% 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.

National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.

ACEL vs NFG — Head-to-Head

Bigger by revenue
NFG
NFG
1.9× larger
NFG
$637.9M
$341.4M
ACEL
Growing faster (revenue YoY)
NFG
NFG
+16.6% gap
NFG
24.1%
7.5%
ACEL
Higher net margin
NFG
NFG
23.7% more per $
NFG
28.5%
4.7%
ACEL
More free cash flow
ACEL
ACEL
$18.7M more FCF
ACEL
$16.0M
$-2.7M
NFG
Faster 2-yr revenue CAGR
NFG
NFG
Annualised
NFG
6.9%
6.4%
ACEL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACEL
ACEL
NFG
NFG
Revenue
$341.4M
$637.9M
Net Profit
$16.2M
$181.6M
Gross Margin
86.6%
Operating Margin
8.7%
43.3%
Net Margin
4.7%
28.5%
Revenue YoY
7.5%
24.1%
Net Profit YoY
93.3%
303.8%
EPS (diluted)
$0.19
$1.98

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
NFG
NFG
Q4 25
$341.4M
$637.9M
Q3 25
$329.7M
$443.1M
Q2 25
$335.9M
$527.4M
Q1 25
$323.9M
$734.8M
Q4 24
$317.5M
$513.8M
Q3 24
$302.2M
$310.0M
Q2 24
$309.4M
$338.6M
Q1 24
$301.8M
$558.7M
Net Profit
ACEL
ACEL
NFG
NFG
Q4 25
$16.2M
$181.6M
Q3 25
$13.4M
$107.3M
Q2 25
$7.3M
$149.8M
Q1 25
$14.6M
$216.4M
Q4 24
$8.4M
$45.0M
Q3 24
$4.9M
$-167.6M
Q2 24
$14.6M
$-54.2M
Q1 24
$7.4M
$166.3M
Gross Margin
ACEL
ACEL
NFG
NFG
Q4 25
86.6%
Q3 25
Q2 25
94.7%
Q1 25
81.6%
Q4 24
87.3%
Q3 24
Q2 24
98.5%
Q1 24
81.0%
Operating Margin
ACEL
ACEL
NFG
NFG
Q4 25
8.7%
43.3%
Q3 25
7.7%
40.6%
Q2 25
8.0%
43.7%
Q1 25
8.0%
43.2%
Q4 24
6.5%
16.8%
Q3 24
7.2%
-63.4%
Q2 24
7.3%
-15.2%
Q1 24
8.5%
44.9%
Net Margin
ACEL
ACEL
NFG
NFG
Q4 25
4.7%
28.5%
Q3 25
4.1%
24.2%
Q2 25
2.2%
28.4%
Q1 25
4.5%
29.4%
Q4 24
2.6%
8.8%
Q3 24
1.6%
-54.1%
Q2 24
4.7%
-16.0%
Q1 24
2.5%
29.8%
EPS (diluted)
ACEL
ACEL
NFG
NFG
Q4 25
$0.19
$1.98
Q3 25
$0.16
$1.18
Q2 25
$0.08
$1.64
Q1 25
$0.17
$2.37
Q4 24
$0.09
$0.49
Q3 24
$0.06
$-1.81
Q2 24
$0.17
$-0.59
Q1 24
$0.09
$1.80

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$296.6M
$271.4M
Total DebtLower is stronger
$607.4M
$2.7B
Stockholders' EquityBook value
$269.7M
$3.6B
Total Assets
$1.1B
$9.2B
Debt / EquityLower = less leverage
2.25×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
NFG
NFG
Q4 25
$296.6M
$271.4M
Q3 25
$290.2M
$43.2M
Q2 25
$264.6M
$39.3M
Q1 25
$271.9M
$40.0M
Q4 24
$281.3M
$48.7M
Q3 24
$265.1M
$38.2M
Q2 24
$254.9M
$81.4M
Q1 24
$253.9M
$50.8M
Total Debt
ACEL
ACEL
NFG
NFG
Q4 25
$607.4M
$2.7B
Q3 25
$595.4M
$2.7B
Q2 25
$595.5M
$2.7B
Q1 25
$580.7M
$2.7B
Q4 24
$595.4M
$2.7B
Q3 24
$554.1M
$2.7B
Q2 24
$565.7M
$2.7B
Q1 24
$539.9M
$2.4B
Stockholders' Equity
ACEL
ACEL
NFG
NFG
Q4 25
$269.7M
$3.6B
Q3 25
$267.1M
$3.1B
Q2 25
$260.5M
$3.0B
Q1 25
$259.1M
$2.8B
Q4 24
$255.0M
$-76.2M
Q3 24
$206.7M
$-15.5M
Q2 24
$209.1M
$5.0M
Q1 24
$202.1M
$75.3M
Total Assets
ACEL
ACEL
NFG
NFG
Q4 25
$1.1B
$9.2B
Q3 25
$1.1B
$8.7B
Q2 25
$1.1B
$8.4B
Q1 25
$1.0B
$8.5B
Q4 24
$1.0B
$8.3B
Q3 24
$950.2M
$8.3B
Q2 24
$950.3M
$8.5B
Q1 24
$919.1M
$8.7B
Debt / Equity
ACEL
ACEL
NFG
NFG
Q4 25
2.25×
0.75×
Q3 25
2.23×
0.87×
Q2 25
2.29×
0.90×
Q1 25
2.24×
0.99×
Q4 24
2.33×
Q3 24
2.68×
Q2 24
2.71×
532.10×
Q1 24
2.67×
31.68×

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
NFG
NFG
Operating Cash FlowLast quarter
$31.1M
$274.9M
Free Cash FlowOCF − Capex
$16.0M
$-2.7M
FCF MarginFCF / Revenue
4.7%
-0.4%
Capex IntensityCapex / Revenue
4.4%
43.5%
Cash ConversionOCF / Net Profit
1.92×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$204.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
NFG
NFG
Q4 25
$31.1M
$274.9M
Q3 25
$55.2M
$237.8M
Q2 25
$19.8M
$388.4M
Q1 25
$44.8M
$253.8M
Q4 24
$13.5M
$220.1M
Q3 24
$50.1M
$197.9M
Q2 24
$28.9M
$281.8M
Q1 24
$28.8M
$315.3M
Free Cash Flow
ACEL
ACEL
NFG
NFG
Q4 25
$16.0M
$-2.7M
Q3 25
$34.2M
$-47.8M
Q2 25
$-6.2M
$195.3M
Q1 25
$18.0M
$59.9M
Q4 24
$2.1M
$-20.3M
Q3 24
$33.1M
$-49.1M
Q2 24
$11.4M
$79.5M
Q1 24
$8.1M
$80.3M
FCF Margin
ACEL
ACEL
NFG
NFG
Q4 25
4.7%
-0.4%
Q3 25
10.4%
-10.8%
Q2 25
-1.9%
37.0%
Q1 25
5.6%
8.2%
Q4 24
0.7%
-4.0%
Q3 24
11.0%
-15.8%
Q2 24
3.7%
23.5%
Q1 24
2.7%
14.4%
Capex Intensity
ACEL
ACEL
NFG
NFG
Q4 25
4.4%
43.5%
Q3 25
6.4%
64.4%
Q2 25
7.8%
36.6%
Q1 25
8.3%
26.4%
Q4 24
3.6%
46.8%
Q3 24
5.6%
79.7%
Q2 24
5.7%
59.7%
Q1 24
6.8%
42.1%
Cash Conversion
ACEL
ACEL
NFG
NFG
Q4 25
1.92×
1.51×
Q3 25
4.13×
2.21×
Q2 25
2.71×
2.59×
Q1 25
3.06×
1.17×
Q4 24
1.62×
4.89×
Q3 24
10.23×
Q2 24
1.98×
Q1 24
3.88×
1.90×

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%

NFG
NFG

Natural Gas Production$302.5M47%
Natural Gas Residential Sales$198.0M31%
Pipeline And Storage$69.2M11%
Natural Gas Commercial Sales$27.9M4%
Natural Gas Storage$25.1M4%
Other$4.1M1%
Natural Gas Midstream$2.8M0%

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