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Insight Enterprises vs Vipshop: revenue, profit, margins and growth compared

Insight Enterprises brought in $8.2B of revenue in fiscal 2025, Vipshop $15.1B in fiscal 2025. Revenue changed by -5.2% at Insight Enterprises and +2.0% at Vipshop on the year before, so Vipshop grew faster. Insight Enterprises kept 1.9% of its revenue as net profit, Vipshop 6.8%. Free cash flow was $279.3M at Insight Enterprises and $782M at Vipshop.

Side by side, latest fiscal year

NSITVIPS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.2B$15.1B
Revenue growth-5.2%+2.0%
Net income$157.3M$1B
Net margin1.9%6.8%
Free cash flow$279.3M$782M
Free cash flow margin3.4%5.2%
Earnings per share (diluted)$4.86$10.12
Cash$358M$3.3B
Debt$1.4Bn/a
Price to earnings32.7n/a
Market value$4.7B$5.9B
Dividend yieldn/an/a
Rank by revenue in sector#135 of 778 · Consumer discretionary#85 of 778 · Consumer discretionary

Over the years

Revenue
NSIT FY2018: $7.1BNSIT FY2019: $7.7BNSIT FY2020: $8.3BNSIT FY2021: $9.4BNSIT FY2022: $10.4BNSIT FY2023: $9.2BNSIT FY2024: $8.7BNSIT FY2025: $8.2BVIPS FY2018: $12.3BVIPS FY2019: $13.4BVIPS FY2020: $15.6BVIPS FY2021: $18.4BVIPS FY2022: $15BVIPS FY2023: $15.9BVIPS FY2024: $14.9BVIPS FY2025: $15.1BFY18FY19FY20FY21FY22FY23FY24FY25
NSIT $8.2BVIPS $15.1B
Net income
NSIT FY2018: $163.7MNSIT FY2019: $159.4MNSIT FY2020: $172.6MNSIT FY2021: $219.3MNSIT FY2022: $280.6MNSIT FY2023: $281.3MNSIT FY2024: $249.7MNSIT FY2025: $157.3MVIPS FY2018: $309.6MVIPS FY2019: $577MVIPS FY2020: $905.3MVIPS FY2021: $734.6MVIPS FY2022: $913.2MVIPS FY2023: $1.1BVIPS FY2024: $1.1BVIPS FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
NSIT $157.3MVIPS $1B
Net margin
NSIT FY2018: 2.3%NSIT FY2019: 2.1%NSIT FY2020: 2.1%NSIT FY2021: 2.3%NSIT FY2022: 2.7%NSIT FY2023: 3.1%NSIT FY2024: 2.9%NSIT FY2025: 1.9%VIPS FY2018: 2.5%VIPS FY2019: 4.3%VIPS FY2020: 5.8%VIPS FY2021: 4.0%VIPS FY2022: 6.1%VIPS FY2023: 7.2%VIPS FY2024: 7.1%VIPS FY2025: 6.8%FY18FY19FY20FY21FY22FY23FY24FY25
NSIT 1.9%VIPS 6.8%
Revenue growth
NSIT FY2019: +9.2%NSIT FY2020: +7.9%NSIT FY2021: +13.1%NSIT FY2022: +10.5%NSIT FY2023: -12.0%NSIT FY2024: -5.2%NSIT FY2025: -5.2%VIPS FY2019: +8.7%VIPS FY2020: +16.9%VIPS FY2021: +17.7%VIPS FY2022: -18.6%VIPS FY2023: +6.3%VIPS FY2024: -6.6%VIPS FY2025: +2.0%FY19FY20FY21FY22FY23FY24FY25
NSIT -5.2%VIPS +2.0%
Free cash flow
NSIT FY2018: $275.4MNSIT FY2019: $58.8MNSIT FY2020: $331.4MNSIT FY2021: $111.6MNSIT FY2022: $27.2MNSIT FY2023: $580.3MNSIT FY2024: $586.1MNSIT FY2025: $279.3MVIPS FY2018: $469.2MVIPS FY2019: $1.3BVIPS FY2020: $1.5BVIPS FY2021: $629.6MVIPS FY2022: $1.2BVIPS FY2023: $1.7BVIPS FY2024: $877.6MVIPS FY2025: $782MFY18FY19FY20FY21FY22FY23FY24FY25
NSIT $279.3MVIPS $782M

Fiscal years as each company reports them; the two may end in different months.

Questions about Insight Enterprises and Vipshop

Which is bigger by revenue, Insight Enterprises or Vipshop?

Vipshop is bigger by revenue: $15.1B in fiscal 2025, against $8.2B for Insight Enterprises in fiscal 2025.

Which keeps more of its revenue as profit, Insight Enterprises or Vipshop?

Insight Enterprises had a net margin of 1.9% in fiscal 2025; Vipshop had 6.8% in fiscal 2025.

Which grew revenue faster, Insight Enterprises or Vipshop?

In their latest fiscal years revenue changed by -5.2% at Insight Enterprises and +2.0% at Vipshop.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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