NSIT
INSIGHT ENTERPRISES INC
Next earnings Jul 29, 2026 · consensus $2.98 EPS, $2.22B rev
Last earnings +2.0% on 2026-05-07
$113.34
▼ -5.87%$113.34▼ -16.06%
over 1Y
L $64.43H $146.66
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-5.9%
1W-0.5%
1M-5.3%
3M+69.0%
YTD+35.0%
1Y-16.1%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 11 analysts
Buy
Record 21.4% gross margin can't yet offset three straight years of revenue decline and a 37% EPS collapse — full price for a business in transition.
Revenue $8.25B · FY2025
The read
Middling fundamentals and a rich price (~69% above fair value) leave little margin of safety — a wait-and-see.
Insight is mid-pivot from low-margin hardware/software reseller to higher-margin Solutions Integrator, and the filing tells both sides clearly. The bull case is in the MD&A: gross margin expanded ~110bps to a 'record 21.4%' on growth in 'other agency transactions and Insight Core services,' and management is doubling down via Inspire11 (AI/data) and Sekuro (cybersecurity APAC). Cash rose 38% to $358M and they bought back 1.2M shares for $151M, so capital allocation remains shareholder-friendly.
The bear case is everywhere in the numbers. Revenue has now declined three years running ($10.4B → $9.18B → $8.70B → $8.25B), and 2025 net income fell 37% to $157M with diluted EPS of $4.86 (-26%). Operating earnings dropped 14% to $335M (just 4.1% of sales), and operating cash flow was almost halved to $304M. Net margin is 1.9% — there is no room for error in this business model. The Risk Factors flag the structural problem directly: 'cloud-based solutions and technologies developed by manufacturer and publisher partners are alternatively marketed directly to customers without utilizing solutions providers like us,' i.e., the disintermediation that explains the top-line erosion is not cyclical, it is competitive.
Is NSIT a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~60d expiry
- Long 100 shares @ ~113.34
- Short call 119 @ ~7.62 est
debit $10,572max +$1,328max −$10,571BE 105.72
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $9.44B | $10.4B | $9.18B | $8.70B | $8.25B |
| Gross profit | $1.45B | $1.64B | $1.67B | $1.77B | $1.76B |
| Operating income | $332M | $414M | $420M | $389M | $335M |
| Net income | $219M | $281M | $281M | $250M | $157M |
| Diluted EPS | $5.95 | $7.66 | $7.55 | $6.55 | $4.86 |
| Net margin | 2.3% | 2.7% | 3.1% | 2.9% | 1.9% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.13B
EV / EBITDA7.1
EV / Sales0.4
EV / FCF11.2
P / FCF12.3
PEG (trailing)—
Earnings yield4.6%
FCF yield8.2%
Quality & risk
ROIC (est.)15.5%
Free cash flow$279M
Total debt$61.0M
Net cash$297M
Altman Z-Score1.71 distress
Piotroski F-Score6/8
Capital returns
Buyback yield4.4%
Dividend yield (est.)—
Shareholder yield4.4%
Shares Δ YoY-2.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-01
Entered new material agreement; exhibit filed — terms add a fresh contractual obligation
- 8-K Charter / bylaws change2026-05-14
Annual meeting vote results and bylaw amendment disclosed — routine governance update
- 8-K Earnings results2026-05-07
Q1 2026 10-Q filed — first interim look post-FY25 margin expansion to record 21.4%
- 10-Q Quarterly report2026-05-07
Q1 2026 10-Q filed — first interim look post-FY25 margin expansion to record 21.4%
- DEF 14A Proxy statement2026-04-02
- 8-K/A Amended 8-K2026-03-23
Amendment to a prior 8-K — supplementary detail on an earlier disclosed event
- 10-K Annual report2026-02-12
FY25 10-K: rev $8.25B -5%, NI $157M -37%, GM record 21.4%, OCF -52% to $304M
- 8-K Earnings results2026-02-05
FY25 earnings: revenue -5%, EPS $4.86 vs $6.55, net income -37% on softer demand
- 8-K Material agreement2025-12-19
Other event disclosure (Item 8.01) — supplemental corporate update
Recent filings
all on EDGAR ↗SCHEDULE 13GFiling2026-06-23open ↗SCHEDULE 13G/AFiling2026-06-05open ↗SCHEDULE 13G/AFiling2026-06-05open ↗4Period ending 2026-05-292026-06-02open ↗8-KPeriod ending 2026-05-282026-06-01open ↗144Filing2026-05-29open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗
Frequently asked
- Is INSIGHT ENTERPRISES INC (NSIT) a buy?
- NSIT currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Record 21.4% gross margin can't yet offset three straight years of revenue decline and a 37% EPS collapse — full price for a business in transition.
- What is NSIT's fair value?
- A Modified-Graham model based on NSIT's SEC fundamentals estimates a fair value of about $35.32. It is an estimate from reported earnings, not a price target.
- Is NSIT overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, NSIT currently appears overvalued relative to its SEC-grounded earnings power.
- What is INSIGHT ENTERPRISES INC's quality score?
- NSIT scores 56.24794094406234/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000932696, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/25/2026, 1:37:44 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 25, 2026, 9:37 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.