At a glance
Insight Enterprises Inc is worth $5.22B, about 37 times its fiscal 2025 earnings. Revenue fell 5.2% to $8.25B in fiscal 2025, with 1.9% kept as profit; over 5 years it has grown 0.2% a year. It pays no dividend; it spent $726.2M buying back its shares over FY2021–FY2025. The stock returned +69.4% over the past year with dividends reinvested and +13.7% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 44.7% in the 2020 crash (S&P 500: 33.7%) and 25.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 4 months after the lows.
The business in plain English
Insight Enterprises, based in Chandler, Arizona, helps organizations choose, set up and run their technology. It calls itself a "solutions integrator," which means it combines hardware, software and services from many vendors to solve a client's problem. What it offers ranges from devices and software licenses to cloud services, cybersecurity, and data and artificial intelligence (AI) projects. Insight sources products from manufacturers and publishers, either directly or through distributors, and resells them to businesses and public-sector clients. Those partners also pay it rebates and marketing funds.
Products bring in most of the sales, but services earn most of the gross profit (sales minus the direct cost of what was sold). In fiscal 2025, hardware made up 56% of $8.2 billion in net sales, software 23% and services 21%. Yet services produced 59% of gross profit. Overall margins are thin: operating profit was about 4 cents per dollar of sales.
North America (the US and Canada) produced 81% of fiscal 2025 net sales, and the US alone accounted for 75%. Europe, the Middle East and Africa added 16%, and Asia-Pacific 3%. Insight has sales locations in 21 countries. It adds skills through acquisitions, including Google Cloud partner SADA in 2023, and data-and-AI firm Inspire11 and cybersecurity provider Sekuro in 2025.
Price history
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NSIT +69.4% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Hardware | $4.63B | 56.1% |
| Software | $1.90B | 23% |
| Services | $1.72B | 20.8% |
By business segment
| North America | $6.65B | 80.7% |
| EMEA | $1.36B | 16.4% |
| APAC | $237.5M | 2.9% |
By geography
| United States | $6.21B | 75.3% |
| Other Foreign | $1.35B | 16.4% |
| UNITED KINGDOM | $683.0M | 8.3% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $2.40B, up 14.7% from a year earlier, and net income was $77.6M (+65.3%).
- For fiscal 2025, revenue was $8.25B (-5.2% year over year; -0.2% a year from FY2020 to FY2025) with a 1.9% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | -0.2% weak |
|---|---|
| Operating margin | 4.1% weak |
| Free cash flow margin | 3.4% watch |
| Return on equity (FY2025) | 9.5% watch |
| Return on assets (FY2025) | 1.7% weak |
| Net cash (cash minus debt) | $-1.11B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $8.34B | $172.6M | $331.4M |
| FY2021 | $9.44B | $219.3M | $111.6M |
| FY2022 | $10.43B | $280.6M | $27.2M |
| FY2023 | $9.18B | $281.3M | $580.3M |
| FY2024 | $8.70B | $249.7M | $586.1M |
| FY2025 | $8.25B | $157.3M | $279.3M |
Valuation snapshot
| Market value | $5.22B |
|---|---|
| P/E ratio | 36.6 |
| Dividend yield | None |
Rank among 1514 US companies
Market value at each year end
Insight Enterprises’s market value went from $1.43B at the end of 2016 to $5.22B on Oct 28, 2026, about 3.6 times as much; since the end of 2025 it is up 107%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $5.22B | +106.8% |
| 2025 | $2.52B | -47.8% |
| 2024 | $4.83B | -16.3% |
| 2023 | $5.77B | +65.3% |
| 2022 | $3.49B | -6.1% |
| 2021 | $3.72B | +39.3% |
| 2020 | $2.67B | +7.8% |
| 2019 | $2.48B | +71.4% |
| 2018 | $1.45B | +5.5% |
| 2017 | $1.37B | -4.5% |
| 2016 | $1.43B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| NSIT price data to Oct 28, 2026 | +118.3% | +69.4% | +7.8% | +13.7% | +19.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +118.3% |
| 2025 | -46.4% |
| 2024 | -14.2% |
| 2023 | +76.7% |
| 2022 | -5.9% |
| 2021 | +40.1% |
| 2020 | +8.3% |
| 2019 | +72.5% |
| 2018 | +6.4% |
| 2017 | -5.3% |
| 2016 | +61.0% |
| 2015 | -3.0% |
| 2014 | +14.0% |
| 2013 | +30.7% |
| 2012 | +13.6% |
| 2011 | +16.2% |
| 2010 | +15.2% |
| 2009 | +65.5% |
| 2008 | -62.2% |
| 2007 | -3.3% |
| 2006 | -3.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 92% over that stretch · deepest drop along the way 92.6%, back to its old high 61.8 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 37.2% over that stretch · deepest drop along the way 44.7%, back to its old high 5.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 20.7% over that stretch · deepest drop along the way 25.4%, back to its old high 3.5 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 3 sales ($718K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 13, 2026 | Anthony Ibarguen Director | sell | $619K |
| May 29, 2026 | Karim Adatia General Counsel | sell | $60K |
| Aug 28, 2026 | Karim Adatia General Counsel | sell | $39K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 15.2% | Sep 30, 2026 |
| Morgan Stanley | 10.3% | May 31, 2026 |
| Vanguard Portfolio Management | 8.26% | Mar 31, 2026 |
| FIDUCIARY MANAGEMENT INC /WI/ | 6.2% | Mar 31, 2026 |
| Vanguard Capital Management | 5.37% | Mar 31, 2026 |
| FMR LLC | 3% | May 29, 2026 |
ETFs with the most weight in NSIT
| PSCT Invesco S&P SmallCap Information Technology ETF | 2.69% |
| CGMM Capital Group U.S. Small and Mid Cap ETF | 1.45% |
| WCEO Hypatia Women CEO ETF | 1.07% |
| FFSM Fidelity Fundamental Small-Mid Cap ETF | 0.99% |
| QSML WisdomTree U.S. SmallCap Quality Growth Fund | 0.66% |
| IJS iShares S&P Small-Cap 600 Value ETF | 0.65% |
| SLYV SPDR S&P 600 Small Cap Value ETF | 0.65% |
| VIOV Vanguard S&P Small-Cap 600 Value ETF | 0.64% |
What could go wrong
- Suppliers that also compete with Insight. Many manufacturers and software publishers whose products Insight resells also compete with it by dealing directly with large companies. Cloud services can also be marketed straight to customers, skipping resellers and reducing Insight's sales.
- Heavy reliance on partner rebates and incentives. Manufacturers and distributors pay Insight rebates, marketing funds and other incentives that offset its costs. It usually has no long-term contracts with these partners, and the amounts and requirements change year to year.
- Fierce price competition on thin margins. IT pricing is very aggressive, and some rivals have lower costs. Insight kept about 4 cents of operating profit per sales dollar in fiscal 2025, so even small price cuts can weigh heavily on profit.
- Substantial debt tied to acquisitions. As of June 30, 2026, total debt was about $1.48 billion, against $363 million in cash and investments. Buying companies can add more debt and interest costs, and the deals may not deliver the expected benefits.
- Fast technology shifts, including AI. Insight aims to become an "AI-first" solutions integrator. Rapid shifts such as generative AI could reduce demand for its offerings, change who makes IT purchasing decisions, and bring new liability and competitive risks.
- Clients can delay IT spending. Weak economies or political uncertainty can lead clients to postpone hardware, software and services purchases. Net sales fell from $10.4 billion in fiscal 2022 to $8.2 billion in fiscal 2025.
Recent events
- Quarterly results released
- Major agreement signed
- Bylaws or fiscal year changed; Shareholder vote results
- Quarterly results released
- Quarterly results released
- Major agreement signed; New debt or financial obligation
- Other company announcement
- Executive or board change
- Executive or board change
- Quarterly results released
For income and retirement investors
Insight pays no dividend and paid none from fiscal 2021 through 2025, so there is no streak of increases or payout ratio to judge. Instead, it returned cash through share buybacks, spending about $726 million over those five years. The share count fell 15.9%, from about 34.9 million in October 2021 to 29.3 million as of July 31, 2026. For an income investor, that means no regular cash payments. Any income would have to come from trimming shares, and the return depends entirely on the share price.
That price has swung sharply. The stock fell 92.6% in the 2008 financial crisis and took about 62 months to recover. It dropped 44.7% in the 2020 COVID crash, recovering in about five months, and 25.4% in the 2022 bear market. It lost 46% in calendar 2025, then rose 118% from the start of 2026 to October 28, 2026. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Insight Enterprises make money?
Insight makes money mainly by reselling technology and providing IT services to businesses and public-sector clients. In fiscal 2025, hardware made up 56% of its $8.2 billion in net sales, software 23% and services 21%. Services earn far more per dollar: they produced 59% of gross profit (sales minus the direct cost of what was sold). Manufacturers and distributors also pay Insight rebates, marketing funds and other incentives, which offset part of its costs.
Does Insight Enterprises pay a dividend?
No. Insight paid no dividends from fiscal 2021 through 2025. Instead, it returns cash through share buybacks, spending about $726 million over those five years. That helped cut the share count by 15.9%, from about 34.9 million in October 2021 to 29.3 million as of July 31, 2026. The stock pays no regular income, so any return comes from changes in the share price.
Is Insight Enterprises still growing?
Not in fiscal 2023 through 2025, but sales grew again in the quarter ended June 30, 2026. Net sales reached $10.4 billion in fiscal 2022, then fell to $8.2 billion in fiscal 2025, a 5.2% drop from the year before. Net income fell 37% in fiscal 2025, to $157 million. In the June 2026 quarter, revenue rose 14.7% from a year earlier to $2.4 billion, and net income rose 65.3% to $78 million.
How much debt does Insight Enterprises have?
About $1.48 billion in total debt as of June 30, 2026, against $363 million in cash and investments. That leaves net debt of about $1.11 billion. Shareholders' equity (assets minus liabilities) was about $1.61 billion. Insight's annual report describes its debt as substantial and warns that acquisitions may add more debt and interest expense. In December 2025, the company reported taking on a new debt or financial obligation.
How has Insight Enterprises (NSIT) stock performed?
It has gained a lot over 10 years, but with very large swings. As of October 28, 2026, the share price had risen about 19.6% a year over 10 years and 13.7% a year over five years. It lost 46% in calendar 2025, then rose 118% from the start of 2026 to October 28, 2026. In the three years to that date, it fell as much as 71% from peak to trough. It dropped 92.6% in the 2008 financial crisis.