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

SPX Technologies, Inc. is the larger business by last-quarter revenue ($566.8M vs $341.4M, roughly 1.7× Accel Entertainment, Inc.). SPX Technologies, Inc. runs the higher net margin — 10.6% vs 4.7%, a 5.8% gap on every dollar of revenue. On growth, SPX Technologies, Inc. posted the faster year-over-year revenue change (22.0% vs 7.5%). Accel Entertainment, Inc. produced more free cash flow last quarter ($16.0M vs $11.3M). Over the past eight quarters, Accel Entertainment, Inc.'s revenue compounded faster (6.4% CAGR vs 6.3%).

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.

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...

ACEL vs SPXC — Head-to-Head

Bigger by revenue
SPXC
SPXC
1.7× larger
SPXC
$566.8M
$341.4M
ACEL
Growing faster (revenue YoY)
SPXC
SPXC
+14.5% gap
SPXC
22.0%
7.5%
ACEL
Higher net margin
SPXC
SPXC
5.8% more per $
SPXC
10.6%
4.7%
ACEL
More free cash flow
ACEL
ACEL
$4.7M more FCF
ACEL
$16.0M
$11.3M
SPXC
Faster 2-yr revenue CAGR
ACEL
ACEL
Annualised
ACEL
6.4%
6.3%
SPXC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACEL
ACEL
SPXC
SPXC
Revenue
$341.4M
$566.8M
Net Profit
$16.2M
$59.9M
Gross Margin
Operating Margin
8.7%
15.5%
Net Margin
4.7%
10.6%
Revenue YoY
7.5%
22.0%
Net Profit YoY
93.3%
17.0%
EPS (diluted)
$0.19

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
SPXC
SPXC
Q1 26
$566.8M
Q4 25
$341.4M
$637.3M
Q3 25
$329.7M
$592.8M
Q2 25
$335.9M
$552.4M
Q1 25
$323.9M
$482.6M
Q4 24
$317.5M
$533.7M
Q3 24
$302.2M
$483.7M
Q2 24
$309.4M
$501.3M
Net Profit
ACEL
ACEL
SPXC
SPXC
Q1 26
$59.9M
Q4 25
$16.2M
$77.9M
Q3 25
$13.4M
$62.7M
Q2 25
$7.3M
$52.2M
Q1 25
$14.6M
$51.2M
Q4 24
$8.4M
$57.1M
Q3 24
$4.9M
$50.2M
Q2 24
$14.6M
$44.2M
Gross Margin
ACEL
ACEL
SPXC
SPXC
Q1 26
Q4 25
39.8%
Q3 25
40.4%
Q2 25
41.4%
Q1 25
40.6%
Q4 24
40.9%
Q3 24
40.9%
Q2 24
40.1%
Operating Margin
ACEL
ACEL
SPXC
SPXC
Q1 26
15.5%
Q4 25
8.7%
15.7%
Q3 25
7.7%
16.4%
Q2 25
8.0%
15.7%
Q1 25
8.0%
13.8%
Q4 24
6.5%
16.9%
Q3 24
7.2%
16.3%
Q2 24
7.3%
14.9%
Net Margin
ACEL
ACEL
SPXC
SPXC
Q1 26
10.6%
Q4 25
4.7%
12.2%
Q3 25
4.1%
10.6%
Q2 25
2.2%
9.4%
Q1 25
4.5%
10.6%
Q4 24
2.6%
10.7%
Q3 24
1.6%
10.4%
Q2 24
4.7%
8.8%
EPS (diluted)
ACEL
ACEL
SPXC
SPXC
Q1 26
Q4 25
$0.19
$1.56
Q3 25
$0.16
$1.28
Q2 25
$0.08
$1.10
Q1 25
$0.17
$1.09
Q4 24
$0.09
$1.21
Q3 24
$0.06
$1.06
Q2 24
$0.17
$0.94

Balance Sheet & Financial Strength

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

Metric
ACEL
ACEL
SPXC
SPXC
Cash + ST InvestmentsLiquidity on hand
$296.6M
$156.5M
Total DebtLower is stronger
$607.4M
$667.3M
Stockholders' EquityBook value
$269.7M
$2.3B
Total Assets
$1.1B
$3.9B
Debt / EquityLower = less leverage
2.25×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
SPXC
SPXC
Q1 26
$156.5M
Q4 25
$296.6M
$364.0M
Q3 25
$290.2M
$229.4M
Q2 25
$264.6M
$132.8M
Q1 25
$271.9M
$177.8M
Q4 24
$281.3M
$156.9M
Q3 24
$265.1M
$124.8M
Q2 24
$254.9M
$128.1M
Total Debt
ACEL
ACEL
SPXC
SPXC
Q1 26
$667.3M
Q4 25
$607.4M
$496.7M
Q3 25
$595.4M
$499.8M
Q2 25
$595.5M
$950.3M
Q1 25
$580.7M
$872.0M
Q4 24
$595.4M
$577.0M
Q3 24
$554.1M
$665.2M
Q2 24
$565.7M
$509.9M
Stockholders' Equity
ACEL
ACEL
SPXC
SPXC
Q1 26
$2.3B
Q4 25
$269.7M
$2.2B
Q3 25
$267.1M
$2.1B
Q2 25
$260.5M
$1.5B
Q1 25
$259.1M
$1.4B
Q4 24
$255.0M
$1.4B
Q3 24
$206.7M
$1.4B
Q2 24
$209.1M
$1.3B
Total Assets
ACEL
ACEL
SPXC
SPXC
Q1 26
$3.9B
Q4 25
$1.1B
$3.6B
Q3 25
$1.1B
$3.4B
Q2 25
$1.1B
$3.3B
Q1 25
$1.0B
$3.1B
Q4 24
$1.0B
$2.7B
Q3 24
$950.2M
$2.8B
Q2 24
$950.3M
$2.8B
Debt / Equity
ACEL
ACEL
SPXC
SPXC
Q1 26
0.29×
Q4 25
2.25×
0.22×
Q3 25
2.23×
0.23×
Q2 25
2.29×
0.62×
Q1 25
2.24×
0.60×
Q4 24
2.33×
0.42×
Q3 24
2.68×
0.49×
Q2 24
2.71×
0.40×

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
SPXC
SPXC
Operating Cash FlowLast quarter
$31.1M
Free Cash FlowOCF − Capex
$16.0M
$11.3M
FCF MarginFCF / Revenue
4.7%
2.0%
Capex IntensityCapex / Revenue
4.4%
3.3%
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$62.0M
$268.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
SPXC
SPXC
Q1 26
Q4 25
$31.1M
$195.2M
Q3 25
$55.2M
$106.5M
Q2 25
$19.8M
$42.5M
Q1 25
$44.8M
$-10.9M
Q4 24
$13.5M
$166.5M
Q3 24
$50.1M
$51.4M
Q2 24
$28.9M
$57.5M
Free Cash Flow
ACEL
ACEL
SPXC
SPXC
Q1 26
$11.3M
Q4 25
$16.0M
$126.7M
Q3 25
$34.2M
$96.1M
Q2 25
$-6.2M
$34.8M
Q1 25
$18.0M
$-16.4M
Q4 24
$2.1M
$156.7M
Q3 24
$33.1M
$43.5M
Q2 24
$11.4M
$47.1M
FCF Margin
ACEL
ACEL
SPXC
SPXC
Q1 26
2.0%
Q4 25
4.7%
19.9%
Q3 25
10.4%
16.2%
Q2 25
-1.9%
6.3%
Q1 25
5.6%
-3.4%
Q4 24
0.7%
29.4%
Q3 24
11.0%
9.0%
Q2 24
3.7%
9.4%
Capex Intensity
ACEL
ACEL
SPXC
SPXC
Q1 26
3.3%
Q4 25
4.4%
10.7%
Q3 25
6.4%
1.8%
Q2 25
7.8%
1.4%
Q1 25
8.3%
1.1%
Q4 24
3.6%
1.8%
Q3 24
5.6%
1.6%
Q2 24
5.7%
2.1%
Cash Conversion
ACEL
ACEL
SPXC
SPXC
Q1 26
Q4 25
1.92×
2.51×
Q3 25
4.13×
1.70×
Q2 25
2.71×
0.81×
Q1 25
3.06×
-0.21×
Q4 24
1.62×
2.92×
Q3 24
10.23×
1.02×
Q2 24
1.98×
1.30×

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%

SPXC
SPXC

Segment breakdown not available.

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