INSIGHT ENTERPRISES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data INSIGHT ENTERPRISES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5,486	6,704	7,080	7,731	8,341	9,436	10,431	9,176	8,702	8,247
Cost of revenue	4,742	5,785	6,086	6,593	7,041	7,989	8,795	7,506	6,936	6,486
Gross profit	743	919	994	1,138	1,300	1,448	1,637	1,670	1,766	1,761
Selling, general and administrative	585	723	757	881	1,014	1,117	1,217	1,236	1,343	1,386
Operating income	149	179	233	241	272	332	414	420	389	335
Interest expense	8.63	18	21.7	28.5	41.6	40.5	39.5	41.1	58	84.8
Interest income	1.07	1.21	1.08
Other non-operating income	-1.29	-2.2	-21.6	-0.4	-1.53	1.01	0.23	-0.82	2.37	-24.3
Pre-tax income	139	159	212	212	228	293	374	378	333	226
Income tax	54.8	68.4	48.2	52.3	55.8	73.2	93.8	96.5	83.2	68.5
Net income	84.7	90.7	164	159	173	219	281	281	250	157
EBITDA	187	222	271	287	337	387	470	482	487	441
EPS, basic	2.35	2.54	4.60	4.49	4.92	6.27	8.04	8.53	7.73	5.00
EPS, diluted	2.32	2.50	4.55	4.43	4.87	5.95	7.66	7.55	6.55	4.86
Shares, basic (weighted)	36.1	35.7	35.6	35.5	35.1	35	34.9	33	32.3	31.5
Shares, diluted (weighted)	36.4	36.2	36	36	35.4	36.9	36.6	37.2	38.1	32.3

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	203	106	143	115	128	104	164	269	259	358
Receivables	1,437	1,815	1,932	2,511	2,685	2,937	3,272	3,568	4,172	5,517
Inventory	148	195	149	191	186	328	265	185	123	161
Other current assets	127	152	116	231	177	200	192	189	209	261
Total current assets	1,984	2,304	2,339	3,048	3,176	3,568	3,901	4,331	4,845	6,362
Property, plant and equipment	70.9	75.3	73	131	146	176	204	210	216	188
Lease right-of-use assets						72.6	76.2	85	76.5	73.2
Goodwill	62.6	131	167	415	429	428	493	684	894	1,170
Intangible assets	20.7	101	112	279	247	215	205	370	426	426
Other non-current assets	29.1	56.8	85.4	306	312	301	149	146	135	123
Total assets	2,219	2,686	2,776	4,178	4,311	4,689	5,113	6,286	7,449	9,087
Accounts payable	1,070	899	978	1,276	1,461	1,780	1,785	2,255	3,060	4,264
Accrued liabilities	152	176	253	352	408	423	434	538	512	615
Deferred revenue	61.1	89	62.3
Short-term debt	0.48	16.6	1.4	1.69	1.11	0.04	346	348	333	0.01
Total current liabilities	1,439	1,500	1,537	1,884	2,227	2,515	2,866	3,373	4,122	5,104
Long-term debt	40.3	297	196	858	438	362	292	593	531	1,361
Lease liabilities						58.4	63.3	71	65.9	60.4
Other non-current liabilities	26	44.9	56.1	232	270	256	157	203	161	187
Total liabilities	1,506	1,842	1,789	3,018	2,968	3,180	3,475	4,551	5,678	7,438
Total debt	40.7	313	197	859	439	362	638	941	864	1,361
Paid-in capital	310	317	324	357	364	368	328	329	343	165
Retained earnings	460	550	705	841	993	1,168	1,369	1,448	1,509	1,520
Shareholders' equity	713	843	987	1,160	1,342	1,509	1,638	1,736	1,771	1,649
Total equity	713	843	987	1,160	1,342	1,509	1,638	1,736	1,771	1,649
Total liabilities and equity	2,219	2,686	2,776	4,178	4,311	4,689	5,113	6,286	7,449	9,087
Shares outstanding	35.5	35.8	35.5	35.3	35.1	34.9	34	32.6	31.8	31

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	84.7	90.7	164	159	173	219	281	281	250	157
Depreciation and amortization	38.1	42.6	37.5	46.2	65.6	55.4	56.6	62.5	98.1	106
Stock-based compensation	11.1	12.8	15.4	16	17.7	18.2	22.7	29	34	33.7
Deferred income tax	10.5	19.1	9.13	7.42	-13.2	11.9	-9.25	-13.1	8.3	1.89
Change in receivables	-169	-208	-46.9	-119	-133	-289	-406	-11.9	-656	-1,160
Change in inventory	-50.7	-14	46.5	11.9	1.03	-149	53.7	75.7	54.4	-37.4
Change in payables	194	-237	29.8	-0.61	152	303	53.6	216	826	1,047
Cash from operations	96.1	-307	293	128	356	164	98.1	620	633	304
Capital expenditures	-12.3	-19.2	-17.3	-69.1	-24.2	-52.1	-70.9	-39.3	-46.8	-24.5
Acquisitions	-10.3	-187	-74.9	-664	-6.41	0	-68.2	-481	-270	-285
Cash from investing	-21.2	-205	-91.7	-733	9.71	-21.1	-138	-505	-303	-310
Debt issued		175
Debt repaid		-8.75	-166
Share buybacks	-50		-22.1	-27.9	-25	-50	-108	-217	-200	-151
Cash from financing	-58.2	397	-159	578	-362	-161	114	-16.7	-321	82.3
Exchange rate effect	-1.94	16.1	-5.06	-0.09	10.8	-5.86	-14.5	7.45	-17.6	23
Net change in cash	14.7	-98.5	36.8	-28	14.3	-24.6	59.7	105	-9.32	99.3
Free cash flow	83.8	-326	275	58.8	331	112	27.2	580	586	279
Interest paid	3.78	11	10.2	6.25	16.6	8.85	16.3	28.3	35.2	70
Income taxes paid	39.1	55.5	31.2	42.5	62.5	76	91.5	104	118	74.1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $159.03 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	22.1%	Gross profit / revenue.
Operating margin	4.6%	Operating income / revenue.
EBITDA margin	5.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.5%	Pre-tax income / revenue.
Net margin	2.5%	Net income / revenue.
FCF margin	4.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.9%	Cash from operations / revenue.
Effective tax rate	29.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	13.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.8%	Net income / average total assets.
Return on invested capital (ROIC)	10.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	17.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.3%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-5.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-7.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-0.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-0.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-13.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-6.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	4.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-9.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-2.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	5.5%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-37.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-17.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-1.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-25.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-14.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-0.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-52.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	45.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-3.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-52.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	117.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-3.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-6.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	22.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	21.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	16.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-15.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.18x	Current assets / current liabilities.
Quick ratio	1.10x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.05x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.92x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	12.9%	Total debt / total assets.
Liabilities / assets	85.9%	Total liabilities / total assets.
Net debt	$1.11B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.21x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	4.12x	Operating income / interest expense.
Working capital	$1.36B	Current assets - current liabilities.
Goodwill and intangibles / assets	13.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$55.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.75x	Revenue / average total assets.
Fixed asset turnover	46.0x	Revenue / average property, plant and equipment.
Inventory turnover	27.0x	Cost of revenue / average inventory.
Days inventory	14 days	365 x average inventory / cost of revenue.
Receivables turnover	1.10x	Revenue / average receivables.
Days sales outstanding	333 days	365 x average receivables / revenue.
Days payables	356 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	-10 days	Days inventory + days sales outstanding - days payables.
FCF conversion	188.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	6.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.98	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$284.34	Revenue / diluted weighted shares.
FCF per share	$13.14	Free cash flow / diluted weighted shares.
Operating cash flow per share	$14.02	Cash from operations / diluted weighted shares.
Book value per share	$54.38	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.86	Tangible book value / shares outstanding.
Cash per share	$12.32	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	56.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.67B	Share price x shares outstanding.
Enterprise value	$5.78B	Market cap + total debt - cash - short-term investments.
P/E	22.2x	Market cap / net income. Only when net income is positive.
P/S	0.54x	Market cap / revenue.
P/B	2.91x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	84.8x	Market cap / tangible book value, when positive.
P/FCF	11.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.0x	Market cap / cash from operations, when positive.
EV/Sales	0.67x	Enterprise value / revenue.
EV/EBIT	14.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	14.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.5%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	4.8%	(Dividends paid + share buybacks) / market cap.

What was INSIGHT ENTERPRISES INC's revenue in fiscal 2025?

INSIGHT ENTERPRISES INC reported revenue of $8.25B for fiscal 2025, 5.2% lower than the year before.

Was INSIGHT ENTERPRISES INC profitable in fiscal 2025?

Yes. Net income was $157.3M, a net margin of 1.9%.

How much free cash flow did INSIGHT ENTERPRISES INC generate in fiscal 2025?

Cash from operations of $303.8M minus capital expenditures of $24.5M left free cash flow of $279.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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