Insight Enterprises Inc (NSIT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 281,309 | 280,608 | 219,345 | 172,640 | 159,407 |
| Revenue | US$ in thousands | 9,134,720 | 10,391,700 | 9,395,600 | 8,298,980 | 7,702,710 |
| Net profit margin | 3.08% | 2.70% | 2.33% | 2.08% | 2.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $281,309K ÷ $9,134,720K
= 3.08%
Insight Enterprises Inc.'s net profit margin has shown a generally increasing trend over the past five years, reflecting the company's ability to effectively manage its expenses relative to its revenue. The net profit margin increased from 2.06% in 2019 to 3.07% in 2023, indicating an improvement in the company's profitability. This suggests that Insight Enterprises has been successful in controlling costs and/or increasing revenue generation. The incremental improvement in net profit margin each year demonstrates the company's efficiency in converting sales into profits. However, despite the positive trend, the overall margins remain relatively low, indicating potential room for further improvement in cost management or revenue enhancement strategies to drive profitability.
Peer comparison
Dec 31, 2023