Insight Enterprises NSIT

Nasdaq · Retail-Catalog & Mail-Order Houses · $5.2B

$152.72−13.04%Nov 5 close · Databento

Every report since 2023 →

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NSIT Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $152.721D −13.04%3M −1.31%SMA20 $169.34SMA50 $162.69RSI(14) 38.6

152.72

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 38.6

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$5.2B

EV / True FCF19.9x

Revenue$8.2B −5.2%

True FCF (ex-SBC)$245.6M −52.3%

Rule of 40-1.8%

ROIC16.9%

True FCF Yield4.8%

EPS, diluted$4.86 −25.8%

Modern Valuation (EOD)

Market Cap$5.2B

Enterprise Value$4.9B

EV / True FCF19.90

EV / FCF17.50

EV / Gross Profit2.78

EV / EBIT14.59

EV / Sales0.59

P / E (GAAP)32.76

P / FCF18.45

P / Oper. CF16.96

P / Book3.13

Owner & Cash Yields

True FCF Yield4.8%

FCF Yield5.4%

Owner Earn. Yield4.0%

Earnings Yield3.1%

Shareholder Yield+2.3%

Buyback Yield2.9%

Dividend Yield—

Dividend / sh—

Payout Ratio—

FCF / sh$9.69

EPS (diluted)$4.86

Compounder & Returns

Rule of 40-1.8%

ROIC16.9%

Cash ROIC (CROIC)20.2%

GP / Assets19.4%

ROE9.5%

ROA1.7%

Gross Margin21.4%

Oper. Margin4.1%

Net Margin1.9%

FCF Margin3.4%

True FCF Margin3.0%

Quality & Dilution

Cash Conversion178%

Accrual Ratio−1.6%

SBC % of FCF12.1%

SBC % of Rev0.4%

Reinvest. Rate8%

Sales Growth Y/Y−5.2%

Sales 3Y CAGR−7.5%

EPS Growth Y/Y−25.8%

FCF Growth Y/Y−52.3%

FCF 3Y CAGR+117.4%

Share Change Y/Y−15.2%

Balance Sheet & Scale

Revenue (FY)$8.2B

Gross Profit (FY)$1.8B

Oper. Income (FY)$334.9M

GAAP Net Income$157.3M

True FCF (ex-SBC)$245.6M

Cash & Equiv$360.8M

Total Debt$94.5M

Net Cash (Debt)$266.3M

Net Cash % MCap+5.2%

Debt / FCF (yrs)0.3y

Current Ratio1.2528.81M sh

Price & Technicals (EOD)

Perf Week−14.48%

Perf Month−4.63%

Perf Quarter+2.28%

Perf Half Y+117.02%

Perf YTD+99.74%

SMA 20 Dist−9.82%$169.34

SMA 50 Dist−6.13%$162.69

SMA 100 Dist+5.05%$145.38

Window High−14.55%$178.72

Window Low+121.30%$69.01

RSI (14) · Vol38.669%v

Income Distribution & Cash Flow ConversionHow every dollar of NSIT revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$6.5B ($78.6 / $100)

SG&A & Other OpEx$1.4B ($17.3 / $100)

Tax & Non-Operating$177.6M ($2.2 / $100)

Net Profit Kept$157.3M ($1.9 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$157.3M (1.9% margin)

Operating Cash Flow (OCF)$303.8M(3.7% of rev)

Less: Capital Expenditures−$24.5M(0.3% of rev)

Standard Free Cash Flow (FCF)$279.3M(3.4% margin)

Less: Stock-Based Comp (SBC)−$33.7M(12.1% of FCF)

True FCF (Owner Cash ex-SBC)$245.6M(3.0% of rev)

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$9.4B	$10.4B	$9.2B	$8.7B	$8.2B	−5.2%	−3.3%
Cost of Revenue (COGS)	$8.0B	$8.8B	$7.5B	$6.9B	$6.5B	−6.5%	−5.1%
Gross Profit	$1.4B	$1.6B	$1.7B	$1.8B	$1.8B	−0.3%	+5.0%
Selling, General & Admin (SG&A)	$1.1B	$1.2B	$1.2B	$1.3B	$1.4B	+3.2%	+5.5%
Total Operating Expenses	$1.1B	$1.2B	$1.2B	$1.4B	$1.4B	+3.6%	+6.3%
Operating Income (EBIT)	$332.1M	$413.7M	$419.8M	$388.6M	$334.9M	−13.8%	+0.2%
Interest Expense	$40.5M	$39.5M	$41.1M	$58.0M	$84.8M	+46.2%	+20.3%
Income Tax Expense	$73.2M	$93.8M	$96.5M	$83.2M	$68.5M	−17.7%	−1.7%
GAAP Net Income	$219.3M	$280.6M	$281.3M	$249.7M	$157.3M	−37.0%	−8.0%
Diluted EPS	$5.95	$7.66	$7.55	$6.55	$4.86	−25.8%	−4.9%
Diluted Shares	36.9M	36.6M	37.2M	38.1M	32.3M	−15.2%	−3.2%
Balance Sheet
Cash & Equivalents	$106.0M	$165.7M	$270.8M	$261.5M	$360.8M	+38.0%	+35.8%
Inventory	$328.1M	$265.2M	$184.6M	$122.6M	$160.6M	+31.1%	−16.3%
Total Current Assets	$3.6B	$3.9B	$4.3B	$4.8B	$6.4B	+31.3%	+15.6%
Total Assets	$4.7B	$5.1B	$6.3B	$7.4B	$9.1B	+22.0%	+18.0%
Total Current Liabilities	$2.5B	$2.9B	$3.4B	$4.1B	$5.1B	+23.8%	+19.4%
Total Debt (Short + Long Term)	$94.5M	$94.5M	$94.5M	$94.5M	$94.5M	+0.0%	+0.0%
Total Liabilities	$3.2B	$3.5B	$4.6B	$5.7B	$7.4B	+31.0%	+23.7%
Stockholders' Equity	$1.5B	$1.6B	$1.7B	$1.8B	$1.6B	−6.9%	+2.2%
Net Cash / (Net Debt)	$11.5M	$71.2M	$176.3M	$167.0M	$266.3M	+59.5%	+119.5%
Invested Capital	$1.5B	$1.6B	$1.6B	$1.6B	$1.4B	−13.8%	−2.0%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$163.7M	$98.1M	$619.5M	$632.8M	$303.8M	−52.0%	+16.7%
Depreciation & Amortization (D&A)	$55.4M	$56.6M	$62.5M	$98.1M	$106.3M	+8.3%	+17.7%
Stock-Based Compensation (SBC)	$18.2M	$22.7M	$29.0M	$34.0M	$33.7M	−0.7%	+16.7%
Capital Expenditures (CapEx)	$52.1M	$70.9M	$39.3M	$46.8M	$24.5M	−47.6%	−17.2%
Free Cash Flow (FCF)	$111.6M	$27.2M	$580.3M	$586.1M	$279.3M	−52.3%	+25.8%
True FCF (ex-SBC Owner Cash)	$93.4M	$4.5M	$551.3M	$552.1M	$245.6M	−55.5%	+27.3%
Share Repurchases (Buybacks)	$50.0M	$107.9M	$217.1M	$200.0M	$151.1M	−24.4%	+31.9%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what NSIT did at the next close after each story

No Wire story has named NSIT yet.

What happened · big days

26 big days in a year, and what we hold on each

A big day is a close more than 4.57% from the one before, three times NSIT’s median day (1.52%). On 5 of the 26, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±4.57%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayNSITWhat we hold that dayGroup (median of 4) · each

1 Nov 19, 2025−4.84%
Before our storiesgroup −0.0%, did not move with it
1Nov 19, 2025−4.84%
Before our stories
−0.0% did not move with itCPNG −0.9 · CDW −0.1 · AMZN +0.1 · W +2.2
2 Jan 20, 2026−4.74%
Before our storiesgroup −4.3%, moved with NSIT
2Jan 20, 2026−4.74%
Before our stories
−4.3% moved with NSITW −6.2 · CDW −5.3 · AMZN −3.4 · CPNG −3.1
3 Feb 3, 2026−6.52%
Before our storiesgroup −1.2%, did not move with it
3Feb 3, 2026−6.52%
Before our stories
−1.2% did not move with itCPNG −3.4 · AMZN −1.8 · CDW −0.5 · W −0.3
4 Feb 6, 2026+8.34%
Before our storiesgroup +3.0%, did not move with it
4Feb 6, 2026+8.34%
Before our stories
+3.0% did not move with itCPNG +5.5 · W +4.8 · CDW +1.3 · AMZN −5.5
5 Feb 12, 2026−5.89%
Before our storiesgroup −4.5%, moved with NSIT
5Feb 12, 2026−5.89%
Before our stories
−4.5% moved with NSITW −6.3 · CDW −6.0 · CPNG −3.0 · AMZN −2.2
6 Mar 18, 2026−7.59%
Before our storiesgroup −3.0%, did not move with it
6Mar 18, 2026−7.59%
Before our stories
−3.0% did not move with itW −3.9 · CPNG −3.4 · AMZN −2.5 · CDW +0.1
7 Mar 24, 2026−7.17%
Before our storiesgroup −1.4%, did not move with it
7Mar 24, 2026−7.17%
Before our stories
−1.4% did not move with itCPNG −4.1 · W −1.5 · AMZN −1.4 · CDW +1.4
8 Mar 26, 2026+7.90%
Before our storiesgroup −2.1%, did not move with it
8Mar 26, 2026+7.90%
Before our stories
−2.1% did not move with itCDW −0.1 · AMZN −2.0 · CPNG −2.3 · W −7.6
9 Mar 27, 2026−6.03%
Before our storiesgroup −2.7%, did not move with it
9Mar 27, 2026−6.03%
Before our stories
−2.7% did not move with itAMZN −4.0 · W −3.0 · CDW −2.5 · CPNG −1.5
10 Apr 13, 2026+7.38%
Before our storiesgroup +1.8%, did not move with it
10Apr 13, 2026+7.38%
Before our stories
+1.8% did not move with itCDW +5.1 · CPNG +2.0 · W +1.6 · AMZN +0.6
11 Apr 23, 2026−4.78%
Before our storiesgroup −2.1%, did not move with it
11Apr 23, 2026−4.78%
Before our stories
−2.1% did not move with itW −4.6 · CDW −4.2 · AMZN −0.1 · CPNG −0.1
12 May 8, 2026+19.07%
Before our storiesgroup −0.7%, did not move with it
12May 8, 2026+19.07%
Before our stories
−0.7% did not move with itAMZN +0.6 · W +0.1 · CPNG −1.4 · CDW −4.9
13 May 11, 2026+5.30%
Before our storiesgroup −3.6%, did not move with it
13May 11, 2026+5.30%
Before our stories
−3.6% did not move with itAMZN −1.4 · CDW −2.1 · CPNG −5.0 · W −7.4
14 Jun 1, 2026+10.71%
Before our storiesgroup +0.3%, did not move with it
14Jun 1, 2026+10.71%
Before our stories
+0.3% did not move with itCDW +12.4 · W +0.5 · CPNG +0.1 · AMZN −3.5
15 Jun 5, 2026−6.53%
Before our storiesgroup −5.2%, moved with NSIT
15Jun 5, 2026−6.53%
Before our stories
−5.2% moved with NSITCPNG −8.3 · W −5.7 · CDW −4.6 · AMZN −3.1
16 Jun 26, 2026+4.91%
Nothing on NSITgroup +2.8%, moved with NSIT
16Jun 26, 2026+4.91%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+2.8% moved with NSITCDW +4.1 · CPNG +3.0 · AMZN +2.5 · W +1.0
17 Jul 2, 2026−5.40%
Nothing on NSITgroup −0.1%, did not move with it
17Jul 2, 2026−5.40%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
−0.1% did not move with itCDW −3.6 · W −0.7 · AMZN +0.4 · CPNG +2.4
18 Jul 9, 2026+4.92%
Nothing on NSITgroup +1.6%, did not move with it
18Jul 9, 2026+4.92%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+1.6% did not move with itW +4.1 · CDW +1.8 · AMZN +1.4 · CPNG +0.8
19 Aug 6, 2026+6.35%
Resultsgroup +0.6%, did not move with it
19Aug 6, 2026+6.35%
ResultsFirst close after the Aug 6 results filing
+0.6% did not move with itCPNG +2.2 · CDW +1.3 · AMZN −0.1 · W −3.3
20 Sep 3, 2026+4.66%
Nothing on NSITgroup +2.1%, did not move with it
20Sep 3, 2026+4.66%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+2.1% did not move with itCDW +3.5 · W +2.6 · AMZN +1.5 · CPNG −2.9
21 Sep 11, 2026+6.09%
Nothing on NSITgroup +2.5%, did not move with it
21Sep 11, 2026+6.09%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+2.5% did not move with itCDW +7.8 · CPNG +3.1 · AMZN +1.9 · W +1.1
22 Sep 17, 2026−6.38%
Nothing on NSITgroup −0.1%, did not move with it
22Sep 17, 2026−6.38%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
−0.1% did not move with itW −0.7 · CDW −0.5 · CPNG +0.4 · AMZN +2.1
23 Oct 13, 2026+5.88%
Nothing on NSITgroup +0.7%, did not move with it
23Oct 13, 2026+5.88%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+0.7% did not move with itCDW +5.7 · W +1.7 · AMZN −0.4 · CPNG −1.1
24 Oct 14, 2026−5.61%
Nothing on NSITgroup −2.4%, did not move with it
24Oct 14, 2026−5.61%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
−2.4% did not move with itCPNG −4.8 · W −3.0 · AMZN −1.7 · CDW −1.2
25 Nov 4, 2026+4.94%
Nothing on NSITgroup +11.5%, moved with NSIT
25Nov 4, 2026+4.94%
Nothing on NSITNo NSIT story, brief or results filing in our record that day
+11.5% moved with NSITCDW +12.7 · CPNG +11.9 · W +11.0 · AMZN +6.1
26 Nov 5, 2026−13.04%
Resultsgroup −6.1%, did not move with it
26Nov 5, 2026−13.04%
ResultsFirst close after the Nov 5 results filing
−6.1% did not move with itW −8.2 · CDW −6.1 · CPNG −3.7

A story on the same day is not a cause, and a group move is not proof either. Group: the median of AMZN, CPNG, CDW and W that day, the largest companies in NSIT’s SEC industry; “moved with NSIT” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). NSIT reports before the open, so day 1 is that day’s close. Each time, day 6 ended on the same side as day 1.

Reported Oct 30, 2025

day 1−3.88%day 6−11.70%

Reported Feb 5, 2026

day 1+0.77%day 6+3.78%

Reported May 7, 2026

day 1+1.97%day 6+29.47%

Reported Aug 6, 2026

day 1+6.35%day 6+11.63%

Next report: expected early FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Nov 5 report: −13.04%. Four reports is a small sample.

Every report since 2023 →

Each line is NSIT’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

NSIT against four same-industry peers, a year at 100

NSIT is up 67.4% in a year. All four did less: CDW (+11.2%), Amazon (+8.8%), Wayfair (+6.1%) and Coupang (−43.1%). Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

Share this chart

NSIT +67.4%. CDW +11.2%, Amazon +8.8%, Wayfair +6.1%, Coupang −43.1%. Weekly closes, Nov 7, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in NSIT’s SEC industry (Retail-Catalog & Mail-Order Houses) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

AMZN	Amazon	$2.87T	−2.19%
CPNG	Coupang	$31.6B	−3.70%
CDW	CDW	$21.1B	−6.14%
W	Wayfair	$15.8B	−8.24%
CHWY	Chewy	$10.0B	−1.71%
VIPS	Vipshop Holdings	$7.0B	+1.45%
GCT	GigaCloud Technology	$2.2B	+8.86%
PTRN	Pattern Group	$2.0B	−2.43%