Latest Ratios: P/E Ratio 23.1x · EV/EBITDA 9.6x · ROE 9.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $2.6B | $5.8B | $6.6B | $3.7B | $3.9B | $2.7B | $2.5B | $1.5B | $1.4B | $1.5B |
| Enterprise Value | $4.6B | $3.9B | $6.6B | $7.6B | $4.5B | $4.6B | $3.5B | $3.6B | $1.5B | $1.6B | $1.3B |
| P/E Ratio → | 23.07 | 16.76 | 23.22 | 23.47 | 13.09 | 17.92 | 15.62 | 15.87 | 8.96 | 15.32 | 17.43 |
| P/S Ratio | 0.41 | 0.32 | 0.67 | 0.72 | 0.35 | 0.42 | 0.32 | 0.33 | 0.21 | 0.21 | 0.27 |
| P/B Ratio | 2.20 | 1.60 | 3.28 | 3.80 | 2.24 | 2.60 | 2.01 | 2.18 | 1.49 | 1.64 | 2.07 |
| P/FCF | 12.13 | 9.44 | 9.90 | 11.37 | 135.16 | 35.20 | 8.14 | 42.99 | 5.33 | — | 17.64 |
| P/OCF | 11.15 | 8.67 | 9.17 | 10.65 | 37.43 | 24.00 | 7.58 | 19.77 | 5.01 | — | 15.38 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.47 | 0.76 | 0.83 | 0.43 | 0.49 | 0.41 | 0.47 | 0.21 | 0.24 | 0.24 |
| EV / EBITDA | 9.58 | 8.02 | 13.61 | 15.75 | 9.63 | 11.82 | 10.23 | 12.57 | 5.62 | 7.18 | 7.01 |
| EV / EBIT | 12.29 | 12.44 | 15.96 | 18.13 | 10.79 | 13.86 | 12.78 | 15.01 | 6.51 | 9.00 | 8.42 |
| EV / FCF | — | 13.83 | 11.30 | 13.09 | 166.75 | 41.01 | 10.41 | 61.33 | 5.53 | — | 15.70 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4% | 21.4% | 20.3% | 18.2% | 15.7% | 15.3% | 15.6% | 14.7% | 14.0% | 13.7% | 13.5% |
| Operating Margin | 4.6% | 4.6% | 4.5% | 4.6% | 4.0% | 3.5% | 3.3% | 3.1% | 3.3% | 2.7% | 2.7% |
| Net Profit Margin | 1.9% | 1.9% | 2.9% | 3.1% | 2.7% | 2.3% | 2.1% | 2.1% | 2.3% | 1.4% | 1.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | 14.2% | 16.7% | 17.8% | 15.4% | 13.8% | 14.8% | 17.9% | 11.6% | 12.1% |
| ROA | 1.9% | 1.9% | 3.6% | 4.9% | 5.7% | 4.9% | 4.1% | 4.6% | 6.0% | 3.7% | 4.0% |
| ROIC | 10.3% | 10.3% | 10.9% | 12.0% | 13.3% | 11.7% | 9.4% | 11.0% | 16.7% | 16.8% | 19.6% |
| ROCE | 10.3% | 10.3% | 12.5% | 16.3% | 18.7% | 15.6% | 12.4% | 13.6% | 19.3% | 18.2% | 18.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.96 | 0.96 | 0.61 | 0.73 | 0.62 | 0.50 | 0.66 | 1.03 | 0.20 | 0.37 | 0.06 |
| Debt / EBITDA | 3.29 | 3.29 | 2.22 | 2.62 | 2.17 | 1.94 | 2.62 | 4.16 | 0.73 | 1.41 | 0.22 |
| Net Debt / Equity | — | 0.74 | 0.46 | 0.57 | 0.52 | 0.43 | 0.56 | 0.93 | 0.05 | 0.25 | -0.23 |
| Net Debt / EBITDA | 2.55 | 2.55 | 1.69 | 2.06 | 1.82 | 1.67 | 2.23 | 3.76 | 0.20 | 0.93 | -0.87 |
| Debt / FCF | — | 4.40 | 1.40 | 1.72 | 31.59 | 5.81 | 2.27 | 18.34 | 0.20 | — | -1.94 |
| Interest Coverage | 3.66 | 3.66 | 7.15 | 10.19 | 10.63 | 8.16 | 6.49 | 8.43 | 10.24 | 9.23 | 18.04 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.25 | 1.25 | 1.18 | 1.28 | 1.36 | 1.42 | 1.43 | 1.62 | 1.52 | 1.54 | 1.38 |
| Quick Ratio | 1.22 | 1.22 | 1.15 | 1.23 | 1.27 | 1.29 | 1.34 | 1.52 | 1.43 | 1.38 | 1.23 |
| Cash Ratio | 0.07 | 0.07 | 0.06 | 0.08 | 0.06 | 0.04 | 0.06 | 0.06 | 0.09 | 0.07 | 0.14 |
| Asset Turnover | — | 0.91 | 1.17 | 1.46 | 2.04 | 2.01 | 1.93 | 1.85 | 2.55 | 2.50 | 2.47 |
| Inventory Turnover | 40.37 | 40.37 | 56.58 | 40.66 | 33.17 | 24.35 | 37.92 | 34.55 | 40.99 | 24.99 | 21.87 |
| Days Sales Outstanding | — | 247.08 | 178.44 | 146.73 | 114.50 | 113.60 | 117.52 | 118.57 | 99.59 | 98.80 | 95.60 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 6.0% | 4.3% | 4.3% | 7.6% | 5.6% | 6.4% | 6.3% | 11.2% | 6.5% | 5.7% |
| FCF Yield | 8.2% | 10.6% | 10.1% | 8.8% | 0.7% | 2.8% | 12.3% | 2.3% | 18.8% | — | 5.7% |
| Buyback Yield | 4.5% | 5.7% | 3.4% | 3.3% | 2.9% | 1.3% | 0.9% | 1.1% | 1.5% | 0.0% | 3.4% |
| Total Shareholder Yield | 4.5% | 5.7% | 3.4% | 3.3% | 2.9% | 1.3% | 0.9% | 1.1% | 1.5% | 0.0% | 3.4% |
| Shares Outstanding | — | $32M | $38M | $37M | $37M | $37M | $35M | $36M | $36M | $36M | $36M |
Margin sensitivity to utilization
Based on current market data, NSIT trades at a forward P/E of 10.46, which appears to discount the company as a legacy distributor rather than a high-value cloud integrator, suggesting investors remain skeptical of the long-term margin expansion potential inherent in the firm's recent strategic pivot.
The valuation gap between NSIT and higher-multiple IT consultants suggests the market is applying a conglomerate discount due to the lingering hardware-heavy revenue base. If the company successfully scales its high-margin services, the current forward multiple may prove conservative, though this hinges on demonstrating consistent earnings growth beyond the current cyclical headwinds.
As reported in financial statements, NSIT's ROIC has remained in a narrow range between 1.8% and 3.9% over the last ten quarters, indicating that the company's aggressive inorganic growth strategy has yet to generate returns that meaningfully exceed the cost of capital for the business.
The persistent gap between ROIC and the company's strategic ambitions suggests that the integration of large acquisitions like SADA is diluting capital efficiency in the near term. Investors should monitor whether the firm can improve its asset turnover, which has trended downward, to drive higher returns on the capital deployed into its services-led infrastructure.
According to recent quarterly filings, NSIT's cash conversion cycle has fluctuated significantly, reaching 21 days in 2026Q1, which reflects the inherent volatility in managing a business model that balances high-volume hardware procurement with complex, long-duration professional services contracts across diverse global markets.
The lengthening of DSO compared to historical lows suggests that the company is extending more credit to enterprise clients, which may be a competitive necessity but introduces liquidity risk. Efficient management of the DPO-DSO spread remains the primary lever for maintaining cash flow stability in an environment where hardware sales are increasingly cyclical.
Based on reported figures, NSIT maintains a debt-to-equity ratio of 1.08 as of 2026Q1, which, while elevated compared to previous periods, remains manageable given the company's interest coverage ratio of 4.44, suggesting that the firm retains sufficient financial flexibility to navigate current macroeconomic pressures.
The increase in leverage is a direct consequence of funding the transition toward a services-heavy model through debt-financed acquisitions. While the current debt service appears comfortable, any sustained decline in operating margins would quickly compress the interest coverage buffer, warranting close attention to the firm's ability to generate consistent free cash flow.
The most commonly misapplied metric for NSIT is headline revenue growth, which obscures the company's structural shift toward net-reported software revenue and high-margin services, thereby creating a false narrative of stagnation that ignores the underlying improvement in the quality and profitability of the firm's earnings.
Analysts should prioritize gross profit growth and services-segment margins over top-line revenue figures to accurately assess the company's performance. Relying on traditional revenue metrics for a business undergoing a deliberate transition to an agency-based software model will consistently lead to an underestimation of the firm's true competitive positioning.
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Quick answers to the most common questions about buying NSIT stock.
Insight Enterprises, Inc.'s current P/E ratio is 23.1x. The historical average is 17.9x. This places it at the 71th percentile of its historical range.
Insight Enterprises, Inc.'s current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
Insight Enterprises, Inc.'s return on equity (ROE) is 9.2%. The historical average is 11.0%.
Based on historical data, Insight Enterprises, Inc. is trading at a P/E of 23.1x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Insight Enterprises, Inc. has 21.4% gross margin and 4.6% operating margin.
Insight Enterprises, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.