Forensic Analysis · Retail / Consumer Discretionary · as of Sep 25, 2026
Insight Enterprises Inc (NSIT)
A forensic read on Insight Enterprises Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
2.4
Distress distance
Clean
Earnings quality
2
Forensic signals
21.6
P / E (ttm)
9.5%
ROE
$4.6B
Market cap
-5.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Insight Enterprises Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 2.4, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
6.4%
FY2025
Return on invested capital.Return on invested capital is 6.4% in the latest fiscal year and slipping across FY2023–FY2025 from 10.4%. After-tax operating profit was $313M in FY2023 and $233M in FY2025, with operating income at 4.6% of revenue in FY2023, 4.5% in FY2024 and 4.1% in FY2025. The capital base behind it grew +21% across FY2023–FY2025, from $3.0B to $3.6B, while the return fell 4.0 points, so the dollars added over that window earned less than the 10.4% the older base was already earning.
+11.0%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +11.0% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +32% against revenue -5% and inventory up +31% against -6% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 6% of net operating assets, against an accruals ratio of 11.0%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
Key fundamentals
Latest Revenue$8.25B
Revenue Growth YoY-5.2%
Revenue CAGR (2yr)-5.2%
Net Margin1.9%
Free Cash Flow$279.3M
Return on Equity9.5%
Debt / Equity0.83x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Insight Enterprises Inc's actual 10-K/10-Q/8-K filings?