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NSIT

Insight Enterprises, Inc.

NSIT

Insight Enterprises, Inc. NASDAQ
$86.57 -0.23% (-0.20)

Market Cap $2.74 B
52w High $181.92
52w Low $81.59
Dividend Yield 0%
P/E 20.42
Volume 198.31K
Outstanding Shares 31.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.004B $332.907M $50.947M 2.542% $1.62 $120.215M
Q2-2025 $2.091B $335.86M $46.932M 2.244% $1.48 $112.451M
Q1-2025 $2.104B $346.374M $7.514M 0.357% $0.24 $60.103M
Q4-2024 $2.073B $374.964M $37.012M 1.786% $1.17 $92.691M
Q3-2024 $2.088B $339.234M $58.208M 2.788% $1.81 $117.653M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $547.017M $8.902B $7.321B $1.581B
Q2-2025 $309.135M $8.729B $7.123B $1.605B
Q1-2025 $321.85M $6.911B $5.32B $1.591B
Q4-2024 $259.234M $7.449B $5.678B $1.771B
Q3-2024 $317.449M $7.286B $5.52B $1.766B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $50.947M $249.058M $-5.573M $-2.597M $237.882M $243.485M
Q2-2025 $46.932M $-177.051M $-4.848M $154.591M $-12.715M $-181.899M
Q1-2025 $7.514M $78.05M $-7.13M $-15.473M $62.624M $70.92M
Q4-2024 $37.012M $215.114M $-14.41M $-238.748M $-58.318M $200.703M
Q3-2024 $58.208M $124.767M $-9.82M $-61.9M $61.142M $111.04M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Hardware Net Sales
Hardware Net Sales
$1.14Bn $1.13Bn $1.14Bn $1.14Bn
Service
Service
$0 $0 $0 $430.00M
Software Net Sales
Software Net Sales
$540.00M $520.00M $570.00M $430.00M
Services Net Sales
Services Net Sales
$410.00M $420.00M $400.00M $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been roughly flat to slightly down over the last couple of years after a strong climb earlier in the period, which suggests a more mature phase or some normalization after prior growth. The more encouraging sign is that profitability has generally improved: gross profit has stepped up steadily, and operating profit has held at a higher level than a few years ago. Net income and earnings per share have softened a bit in the last two years from their recent peak, but they are still clearly above pre‑pandemic levels. Overall, the story is one of a business that has managed to protect and slowly enhance margins even as top-line momentum has cooled somewhat, which is typical of a shift toward higher-value services.


Balance Sheet

Balance Sheet The balance sheet has grown over time, with total assets and shareholders’ equity both trending upward, pointing to a larger and more established business. Debt increased meaningfully a few years ago and has stayed at this higher level, which introduces more leverage but is paired with a steadily rising equity base. Cash on hand is modest relative to the size of the company but has been reasonably stable. In simple terms, Insight looks financially solid and larger than it used to be, but with a capital structure that now relies more on debt than earlier in the period, something that bears watching if conditions become less favorable.


Cash Flow

Cash Flow Cash generation has improved significantly in the most recent years. Operating cash flow has been strong, and free cash flow has closely tracked it, since the company’s investment needs for property and equipment are relatively light. Earlier in the period, cash flow was more uneven, but recent performance points to better working capital management and a more cash-efficient business model. This healthy free cash flow profile gives Insight flexibility for debt servicing, acquisitions, and strategic investments, provided it can sustain this level of cash generation through different cycles.


Competitive Edge

Competitive Edge Insight has been shifting from a traditional IT reseller into a full “solutions integrator,” which strengthens its competitive position. It combines broad vendor relationships with major technology providers, deep technical expertise, and global reach, allowing it to deliver complex, end-to-end solutions. The company benefits from long-standing customer relationships and a large base of repeat enterprise and public-sector clients, which helps create a barrier to entry. However, it still operates in a highly competitive and fast-evolving market, going up against both global integrators and niche specialists, so continued differentiation through services, execution quality, and partner relationships remains critical.


Innovation and R&D

Innovation and R&D While Insight is not a classic product R&D company, it is investing heavily in innovation around cloud, data, cybersecurity, and especially artificial intelligence. Its proprietary AI offerings and methodologies—such as its AI platforms and structured assessment tools—are designed to turn its know-how into repeatable, higher-margin services. The firm also uses acquisitions to add specialized capabilities, particularly in AI and security. The opportunity is to grow a larger, more profitable services and solutions mix, but the company must prove that these innovations translate into sustained demand, strong project economics, and smooth integration of acquired teams in a very fast-moving technology landscape.


Summary

Insight Enterprises has evolved from a hardware and software reseller into a more sophisticated technology solutions provider. Financially, it shows a pattern of steadier margins and stronger cash flow, even as revenue growth has cooled. The balance sheet is larger and generally sound, though with more reliance on debt than in the past. Strategically, the company is leaning into cloud, data, cybersecurity, and AI, supported by proprietary tools and a wide partner network, which together deepen its competitive moat. The main things to watch are execution on the shift toward higher-margin services, the ability to monetize its AI and consulting capabilities at scale, and how comfortably its current leverage fits with its growth ambitions and the broader IT spending environment.