ACEL
Accel Entertainment, Inc.
ACEL has the edge over NIO overall, supported by lower modeled downside and stronger valuation.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ACEL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
ACEL's revenue, profitability, cash flow and balance sheet are all currently healthy.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
ACEL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $12.09 | -13% |
| Forward | 16x | $13.83 | — |
| Current | 18x | $13.83 | — |
| Fair | 21x | $15.87 | +15% |
| Expensive | 28x | $20.96 | +52% |
Historical ranges are pointers, not guarantees.
ACEL's PE is in its cheap range at 18x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
ACEL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ACEL, with profitability improving. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
ACEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.88 | +16% |
| Q3 2026 | $0.76 | +52% |
| Q2 2026 | $0.67 | +68% |
| Q1 2026 | $0.60 | +22% |
| Q4 2025 | $0.60 | +46% |
| Q3 2025 | $0.50 | -2% |
| Q2 2025 | $0.40 | -30% |
| Q1 2025 | $0.49 | -3.9% |
| Q4 2024 | $0.41 | -23% |
ACEL has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
ACEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $363.6M | +10% |
| Q2 2026 | $368.1M | +9.6% |
| Q1 2026 | $351.6M | +8.5% |
| Q4 2025 | $341.4M | +7.5% |
| Q3 2025 | $329.7M | +9.1% |
| Q2 2025 | $335.9M | +8.6% |
| Q1 2025 | $323.9M | +7.3% |
| Q4 2024 | $317.5M | +6.9% |
ACEL's revenue has grown year over year for 23 quarters in a row: $364M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.9% | +0.2 points |
| Q2 2026 | 8.7% | +0.7 points |
| Q1 2026 | 7.7% | -0.3 points |
| Q4 2025 | 8.7% | +2.1 points |
| Q3 2025 | 7.7% | +0.5 points |
| Q2 2025 | 8% | +0.7 points |
| Q1 2025 | 8% | -0.5 points |
| Q4 2024 | 6.5% | -2 points |
ACEL has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
ACEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | +77% |
| Q2 2026 | $8.9M | +$15.1M |
| Q1 2026 | $19.9M | +10% |
| Q4 2025 | $16M | +670% |
| Q3 2025 | $34.2M | +3.4% |
| Q2 2025 | -$6.2M | -155% |
| Q1 2025 | $18M | +122% |
| Q4 2024 | $2.1M | -89% |
ACEL has the edge over NIO on cash flow, with more consistent year-over-year improvement.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
ACEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -15K shares |
| 1 year | -3.1% | -2.7M shares |
| 3 years | -4.3% | -3.7M shares |
| 5 years | -12% | -11.3M shares |
| Available history | +6.9% | +5.4M shares |
ACEL has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $7.2M |
| Q2 2026 | $5.6M |
| Q1 2026 | $12.1M |
| Q4 2025 | $16.2M |
| Q3 2025 | $6.8M |
| Q2 2025 | $6.7M |
| Q1 2025 | $10.2M |
| Q4 2024 | $4M |
ACEL spent $41M buying back its own shares over the past year, up 48% from the year before.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
ACEL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 2.0x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.3x | Moderate |
ACEL's net debt is about 1.6 years of its operating earnings (EBITDA), down from 2.0 years a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ACEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.7 | Neutral |
| Stochastic | 74.0 | Neutral |
ACEL's weekly RSI is 70 (neutral) and its Stochastic is 74 (neutral).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
ACEL PE vs Consumer Cyclical Sector
| Metric | ACEL | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 1% above |
| PE % | 27 | 47 | 20 pts below |
ACEL is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
ACEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.7 | 18% above |
| 20 week MA | $11.9 | 16% above |
| 50 week MA | $11.8 | 18% above |
| 100 week MA | $11.4 | 21% above |
| 200 week MA | $10.9 | 26% above |
ACEL has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
ACEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.3 | $10.9 | -12% |
| 2021 | $10.9 | $13.2 | +21% |
| 2022 | $13.2 | $7.57 | -43% |
| 2023 | $7.57 | $10.3 | +36% |
| 2024 | $10.3 | $10.6 | +3.6% |
| 2025 | $10.6 | $11.7 | +10% |
| 2026 YTD | $11.7 | $13.8 | +18% |
ACEL has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.