Insight Enterprises Inc (NSIT)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,669,520	1,636,570	1,447,560	1,299,940	1,138,100
Revenue	US$ in thousands	9,134,720	10,391,700	9,395,600	8,298,980	7,702,710
Gross profit margin		18.28%	15.75%	15.41%	15.66%	14.78%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,669,520K ÷ $9,134,720K
= 18.28%

Insight Enterprises Inc.'s gross profit margin has shown a positive trend over the past five years. Starting at 14.72% in 2019, it has steadily increased to 18.19% as of December 31, 2023. This indicates that the company has been able to effectively control its cost of goods sold and improve its efficiency in generating profits from its sales. The rising gross profit margin reflects positively on Insight Enterprises Inc.'s ability to manage its production costs and pricing strategies, ultimately leading to improved profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Insight Enterprises Inc

NSIT

18.28%