Insperity (NSP) Financials

$29.42 +0.23 (+0.79%)

As of 11:28 AM Eastern

Annual Income Statements for Insperity

This table shows Insperity's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	38	64	83	134	149	138	124	179	171	91	-7.00
Consolidated Net Income / (Loss)	39	66	84	135	151	138	124	179	171	91	-7.00
Net Income / (Loss) Continuing Operations	39	66	84	135	151	138	124	179	171	91	-7.00
Total Pre-Tax Income	66	105	130	182	190	189	168	245	225	126	-4.00
Total Operating Income	66	106	130	179	187	195	173	250	219	117	-10
Total Gross Profit	438	492	573	682	733	807	820	1,011	1,037	1,052	900
Total Revenue	2,604	2,941	3,300	3,829	4,315	4,287	4,973	5,939	6,486	6,581	6,812
Operating Revenue	2,604	2,941	3,300	3,829	4,315	4,287	4,973	5,939	6,486	6,581	6,812
Total Cost of Revenue	2,166	2,450	2,727	3,147	3,582	3,480	4,153	4,928	5,449	5,529	5,912
Operating Cost of Revenue	2,166	2,450	2,727	3,147	3,582	3,480	4,153	4,928	5,449	5,529	5,912
Total Operating Expenses	372	385	443	503	546	612	647	761	818	935	910
Selling, General & Admin Expense	103	106	124	140	155	146	159	202	224	271	248
Marketing Expense	16	16	17	19	22	22	29	37	37	38	38
Depreciation Expense	19	17	18	23	29	31	39	41	43	44	45
Other Operating Expenses / (Income)	211	230	260	301	317	353	420	481	514	582	579
Total Other Income / (Expense), net	-0.08	-1.13	0.20	3.32	3.01	-5.42	-5.01	-5.00	6.00	9.00	6.00
Interest Expense	0.46	2.40	3.21	4.67	7.65	8.02	7.46	14	27	28	24
Interest & Investment Income	0.38	1.27	3.41	7.99	11	2.60	2.45	9.00	33	37	30
Income Tax Expense	26	39	46	47	39	51	44	66	54	35	3.00
Basic Earnings per Share	$0.79	$1.55	$2.02	$3.24	$3.72	$3.57	$3.22	$4.70	$4.53	$2.44	($0.19)
Weighted Average Basic Shares Outstanding	24.31M	41.67M	41.07M	41.22M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Diluted Earnings per Share	$0.79	$1.54	$2.01	$3.22	$3.70	$3.54	$3.18	$4.64	$4.47	$2.42	($0.19)
Weighted Average Diluted Shares Outstanding	24.31M	41.67M	41.07M	41.22M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Weighted Average Basic & Diluted Shares Outstanding	24.31M	41.67M	41.07M	41.22M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Cash Dividends to Common per Share	$0.85	$0.97	$1.58	$0.80	$1.20	$1.60	$3.75	$2.01	$2.23	$2.37	$2.40

This table shows Insperity's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	45	19	79	18	3.00	-9.00	51	-5.00	-20	-33	33
Consolidated Net Income / (Loss)	45	19	79	18	3.00	-9.00	51	-5.00	-20	-33	33
Net Income / (Loss) Continuing Operations	45	19	79	18	3.00	-9.00	51	-5.00	-20	-33	33
Total Pre-Tax Income	61	24	111	25	3.00	-13	72	-6.00	-24	-46	63
Total Operating Income	59	23	108	23	1.00	-15	68	-7.00	-25	-46	62
Total Gross Profit	258	222	345	260	229	218	310	223	195	172	302
Total Revenue	1,551	1,580	1,802	1,605	1,561	1,613	1,863	1,658	1,623	1,668	1,895
Operating Revenue	1,551	1,580	1,802	1,605	1,561	1,613	1,863	1,658	1,623	1,668	1,895
Total Cost of Revenue	1,293	1,358	1,457	1,345	1,332	1,395	1,553	1,435	1,428	1,496	1,593
Operating Cost of Revenue	1,293	1,358	1,457	1,345	1,332	1,395	1,553	1,435	1,428	1,496	1,593
Total Operating Expenses	199	199	237	237	228	233	242	230	220	218	240
Selling, General & Admin Expense	51	58	69	68	64	70	71	59	58	60	65
Marketing Expense	7.00	7.00	7.00	12	9.00	10	7.00	11	10	10	11
Depreciation Expense	11	11	11	11	11	11	11	11	11	12	11
Other Operating Expenses / (Income)	130	123	150	146	144	142	153	149	141	136	153
Total Other Income / (Expense), net	2.00	1.00	3.00	2.00	2.00	2.00	4.00	1.00	1.00	-	1.00
Interest Expense	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00
Interest & Investment Income	9.00	8.00	10	9.00	9.00	9.00	10	7.00	7.00	6.00	7.00
Income Tax Expense	16	5.00	32	7.00	0.00	-4.00	21	-1.00	-4.00	-13	30
Basic Earnings per Share	$1.17	$0.53	$2.11	$0.48	$0.07	($0.22)	$1.37	($0.14)	($0.53)	($0.89)	$0.88
Weighted Average Basic Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Diluted Earnings per Share	$1.16	$0.53	$2.08	$0.48	$0.07	($0.21)	$1.35	($0.14)	($0.53)	($0.87)	$0.88
Weighted Average Diluted Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Weighted Average Basic & Diluted Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Cash Dividends to Common per Share	$0.57	-	$0.57	-	$0.60	-	$0.60	$0.60	$0.60	-	$0.60

This table details how cash moves in and out of Insperity's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-6.92	29	77	-14	57	194	21	174	21	309	-399
Net Cash From Operating Activities	65	145	213	184	205	346	260	347	198	520	-278
Net Cash From Continuing Operating Activities	65	145	213	184	205	346	260	347	198	520	-278
Net Income / (Loss) Continuing Operations	39	66	84	135	151	138	124	179	171	91	-7.00
Consolidated Net Income / (Loss)	39	66	84	135	151	138	124	179	171	91	-7.00
Depreciation Expense	19	17	18	23	29	31	39	41	43	44	45
Non-Cash Adjustments To Reconcile Net Income	35	20	77	83	96	-6.88	115	154	99	232	95
Changes in Operating Assets and Liabilities, net	-28	43	34	-57	-70	183	-18	-27	-115	153	-411
Net Cash From Investing Activities	12	-26	-33	-94	-30	-99	-31	-32	-22	-38	-31
Net Cash From Continuing Investing Activities	12	-26	-33	-94	-30	-99	-31	-32	-22	-38	-31
Purchase of Property, Plant & Equipment	-18	-34	-33	-35	-56	-98	-33	-30	-40	-38	-31
Purchase of Investments	-11	-1.05	-1.75	-88	-110	-51	-58	-47	-48	-23	-26
Sale and/or Maturity of Investments	11	1.72	1.56	13	108	50	60	45	66	23	26
Net Cash From Financing Activities	-84	-90	-103	-104	-118	-54	-208	-141	-155	-173	-90
Net Cash From Continuing Financing Activities	-84	-90	-103	-104	-118	-54	-208	-141	-155	-173	-90
Repayment of Debt	0.00	-19	1.55	2.26	8.31	7.70	5.83	9.00	60	-21	19
Repurchase of Common Equity	0.00	-144	-	-	-	-	-70	-73	-131	-63	-19
Payment of Dividends	-21	-21	-66	-33	-49	-62	-144	-77	-84	-89	-90
Cash Interest Paid	0.46	2.40	3.26	4.01	7.42	8.98	7.27	13	22	32	23
Cash Income Taxes Paid	40	44	41	41	38	51	54	57	50	25	34

This table details how cash moves in and out of Insperity's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	114	78	-57	-30	-200	596	-498	-113	-45	257	-119
Net Cash From Operating Activities	210	58	31	20	-150	619	-443	-79	-11	255	-67
Net Cash From Continuing Operating Activities	210	58	31	20	-150	619	-443	-79	-11	255	-67
Net Income / (Loss) Continuing Operations	45	19	79	18	3.00	-9.00	51	-5.00	-20	-33	33
Consolidated Net Income / (Loss)	45	19	79	18	3.00	-9.00	51	-5.00	-20	-33	33
Depreciation Expense	11	11	11	11	11	11	11	11	11	12	11
Non-Cash Adjustments To Reconcile Net Income	52	10	73	25	40	94	-1.00	18	74	4.00	67
Changes in Operating Assets and Liabilities, net	102	18	-132	-34	-204	523	-504	-103	-76	272	-178
Net Cash From Investing Activities	14	-20	-5.00	-6.00	-14	-13	-6.00	-5.00	-11	-9.00	-6.00
Net Cash From Continuing Investing Activities	14	-20	-5.00	-6.00	-14	-13	-6.00	-5.00	-11	-9.00	-6.00
Purchase of Property, Plant & Equipment	-8.00	-18	-5.00	-6.00	-14	-13	-6.00	-7.00	-9.00	-9.00	-6.00
Purchase of Investments	-8.00	-8.00	-6.00	-6.00	-5.00	-6.00	-6.00	-4.00	-15	-1.00	-6.00
Sale and/or Maturity of Investments	30	6.00	6.00	6.00	5.00	6.00	6.00	6.00	13	1.00	6.00
Net Cash From Financing Activities	-110	40	-83	-44	-36	-10	-49	-29	-23	11	-46
Net Cash From Continuing Financing Activities	-110	40	-83	-44	-36	-10	-49	-29	-23	11	-46
Repayment of Debt	-3.00	61	-39	-7.00	2.00	23	-7.00	-7.00	-	33	-19
Repurchase of Common Equity	-86	-	-23	-14	-15	-11	-19	-	-	-	-4.00
Payment of Dividends	-21	-21	-21	-23	-23	-22	-23	-22	-23	-22	-23

This table presents Insperity's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	785	907	1,064	1,192	1,395	1,584	1,753	2,039	2,120	2,597	2,203
Total Current Assets	542	640	779	867	975	1,077	1,245	1,512	1,595	2,085	1,722
Cash & Equivalents	270	286	354	327	367	555	576	733	693	1,039	642
Restricted Cash	37	43	41	42	49	46	47	50	57	69	82
Short-Term Investments	9.88	1.85	1.96	61	35	35	32	33	16	16	18
Accounts Receivable	9.95	270	334	401	466	393	513	623	694	829	826
Prepaid Expenses	7.42	15	11	8.41	10	10	11	12	7.00	25	6.00
Current Deferred & Refundable Income Taxes	0.00	4.95	9.82	0.00	3.69	0.00	12	-	-	0.00	29
Other Current Assets	208	20	27	28	43	39	53	62	128	107	119
Plant, Property, & Equipment, net	62	80	96	117	148	216	211	200	197	192	177
Total Noncurrent Assets	181	187	189	208	273	291	298	327	328	320	304
Goodwill	14	13	13	13	13	13	13	13	13	13	13
Noncurrent Deferred & Refundable Income Taxes	17	14	4.28	8.82	3.96	9.60	4.89	16	20	34	22
Other Noncurrent Operating Assets	1.38	1.84	163	187	256	268	280	299	295	273	261
Other Noncurrent Nonoperating Assets	149	158	9.00	-	-	-	-	-	-	-	8.00
Total Liabilities & Shareholders' Equity	785	907	1,064	1,192	1,395	1,584	1,753	2,039	2,120	2,597	2,203
Total Liabilities	612	847	997	1,114	1,391	1,540	1,753	1,958	2,026	2,500	2,157
Total Current Liabilities	488	601	725	772	869	905	1,129	1,353	1,436	1,930	1,620
Accounts Payable	5.38	4.19	6.45	11	4.57	6.20	6.41	7.73	11	10	6.00
Accrued Expenses	440	553	675	455	534	473	604	736	799	948	986
Current Employee Benefit Liabilities	39	44	43	46	53	48	51	53	60	71	84
Other Taxes Payable	-	-	-	261	277	378	468	556	566	901	544
Total Noncurrent Liabilities	125	246	273	342	522	635	625	605	590	570	537
Long-Term Debt	0.00	104	104	144	269	369	369	369	369	369	369
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Noncurrent Employee Benefit Liabilities	125	141	166	187	194	195	193	180	163	135	102
Other Noncurrent Operating Liabilities	-	-	1.75	10.00	59	6.29	62	56	58	66	66
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	172	61	66	78	4.08	44	-1.77	81	94	97	46
Total Preferred & Common Equity	172	61	66	78	4.08	44	-1.77	81	94	97	46
Total Common Equity	172	61	66	78	4.08	44	-1.77	81	94	97	46
Common Stock	145	9.52	26	37	49	96	110	152	186	223	258
Retained Earnings	233	278	297	398	499	575	554	655	739	738	638
Treasury Stock	-205	-227	-256	-358	-544	-627	-665	-726	-831	-864	-850

This table presents Insperity's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,782	2,040	1,865	1,996	2,126	2,095	1,933	2,143	2,018	2,012	2,196
Total Current Assets	1,289	1,518	1,364	1,478	1,619	1,621	1,433	1,654	1,517	1,554	1,730
Cash & Equivalents	562	697	580	679	667	676	470	551	441	422	537
Restricted Cash	52	48	48	51	61	64	67	74	76	79	80
Short-Term Investments	34	36	36	14	16	16	16	17	15	18	18
Accounts Receivable	559	607	605	657	724	740	765	834	843	894	880
Prepaid Expenses	30	51	23	21	37	34	31	56	41	17	67
Current Deferred & Refundable Income Taxes	0.00	-	12	-	-	-	-	8.00	11	35	30
Other Current Assets	51	80	60	56	114	91	84	114	90	89	118
Plant, Property, & Equipment, net	197	196	193	191	191	186	190	186	182	180	172
Total Noncurrent Assets	296	326	309	328	316	288	310	303	319	278	294
Goodwill	13	13	13	13	13	13	13	13	13	13	13
Noncurrent Deferred & Refundable Income Taxes	0.75	0.00	11	10	6.00	15	19	10	22	3.00	0.00
Other Noncurrent Operating Assets	87	85	87	91	289	73	270	272	93	254	108
Other Noncurrent Nonoperating Assets	196	228	198	214	8.00	187	8.00	8.00	191	8.00	173
Total Liabilities & Shareholders' Equity	1,782	2,040	1,865	1,996	2,126	2,095	1,933	2,143	2,018	2,012	2,196
Total Liabilities	1,721	1,907	1,735	1,913	1,986	1,953	1,808	2,024	1,906	1,925	2,129
Total Current Liabilities	1,121	1,303	1,136	1,321	1,406	1,383	1,233	1,466	1,357	1,382	1,588
Accounts Payable	5.47	9.49	6.81	7.21	6.00	7.00	6.00	8.00	6.00	8.00	6.00
Accrued Expenses	706	732	676	741	832	800	852	925	906	959	1,029
Current Employee Benefit Liabilities	57	52	51	55	64	67	70	76	79	81	82
Other Taxes Payable	352	496	402	518	489	504	297	457	366	334	471
Total Noncurrent Liabilities	600	604	599	592	580	570	575	558	549	543	541
Long-Term Debt	369	369	369	369	369	369	369	369	369	369	369
Noncurrent Deferred & Payable Income Tax Liabilities	-	1.20	-	-	-	-	-	-	-	-	7.00
Noncurrent Employee Benefit Liabilities	175	181	180	171	155	146	140	122	113	107	104
Other Noncurrent Operating Liabilities	56	52	50	52	-	55	-	-	67	-	61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	61	133	131	83	140	142	125	119	112	87	67
Total Preferred & Common Equity	61	133	131	83	140	142	125	119	112	87	67
Total Common Equity	61	133	131	83	140	142	125	119	112	87	67
Common Stock	140	143	158	174	173	192	209	210	229	245	245
Retained Earnings	637	726	717	740	793	788	769	764	736	694	648
Treasury Stock	-716	-735	-745	-831	-826	-838	-853	-855	-853	-852	-826

This table displays calculated financial ratios and metrics derived from Insperity's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.43%	12.97%	12.20%	16.01%	12.70%	-0.64%	16.00%	19.42%	9.21%	1.46%	3.51%
EBITDA Growth	20.28%	44.58%	20.45%	36.31%	6.36%	5.49%	-6.52%	37.34%	-9.97%	-38.55%	-78.26%
EBIT Growth	38.39%	61.81%	22.23%	37.78%	4.24%	4.32%	-10.97%	44.23%	-12.40%	-46.58%	-108.55%
NOPAT Growth	41.28%	69.12%	26.35%	57.76%	11.85%	-4.38%	-10.14%	42.95%	-8.88%	-49.23%	-108.28%
Net Income Growth	40.66%	67.53%	27.90%	60.44%	11.58%	-8.51%	-10.24%	44.26%	-4.47%	-46.78%	-107.69%
EPS Growth	40.66%	67.53%	30.52%	60.20%	14.91%	-4.32%	-10.17%	45.91%	-3.66%	-45.86%	-107.85%
Operating Cash Flow Growth	-54.07%	123.36%	46.66%	-13.47%	11.21%	68.83%	-24.89%	33.38%	-42.94%	162.63%	-153.46%
Free Cash Flow Firm Growth	-57.20%	57.23%	-103.45%	3,256.69%	13.21%	2.11%	110.76%	2.62%	-60.22%	320.82%	-176.91%
Invested Capital Growth	-8.05%	-10.12%	27.10%	11.85%	14.36%	11.70%	-81.52%	-28.01%	16.99%	-117.16%	50.30%
Revenue Q/Q Growth	2.12%	2.76%	3.04%	3.80%	2.58%	-0.44%	4.96%	3.46%	1.41%	0.51%	0.81%
EBITDA Q/Q Growth	-5.19%	3.78%	7.24%	5.61%	-1.87%	-7.79%	4.92%	14.00%	-9.39%	-18.79%	-46.15%
EBIT Q/Q Growth	-4.34%	4.36%	7.66%	5.24%	-2.56%	-9.32%	4.19%	16.79%	-11.29%	-24.30%	-147.62%
NOPAT Q/Q Growth	-4.26%	5.09%	7.26%	6.67%	-2.01%	-9.65%	4.60%	17.40%	-10.72%	-25.31%	-156.86%
Net Income Q/Q Growth	-4.43%	5.06%	7.70%	7.21%	-2.74%	-10.44%	4.57%	18.65%	-10.09%	-23.77%	-141.18%
EPS Q/Q Growth	-4.43%	5.06%	-45.38%	8.05%	-3.39%	77.00%	3.92%	19.28%	-9.33%	-23.42%	-140.43%
Operating Cash Flow Q/Q Growth	-44.38%	15.78%	19.13%	-14.25%	27.24%	30.87%	-11.70%	6.01%	-45.85%	1,383.57%	-423.26%
Free Cash Flow Firm Q/Q Growth	-45.26%	3.54%	-102.83%	-35.41%	34.82%	-14.92%	35.21%	-0.14%	-62.36%	212.29%	-2,307.66%
Invested Capital Q/Q Growth	-38.58%	-33.87%	15.97%	34.76%	30.19%	34.58%	7.17%	11.94%	40.06%	-65,700.00%	-8,075.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.82%	16.71%	17.35%	17.81%	16.99%	18.82%	16.49%	17.02%	15.99%	15.99%	13.21%
EBITDA Margin	3.27%	4.18%	4.49%	5.28%	4.98%	5.29%	4.26%	4.90%	4.04%	2.45%	0.51%
Operating Margin	2.52%	3.61%	3.94%	4.68%	4.33%	4.54%	3.49%	4.21%	3.38%	1.78%	-0.15%
EBIT Margin	2.52%	3.61%	3.94%	4.68%	4.33%	4.54%	3.49%	4.21%	3.38%	1.78%	-0.15%
Profit (Net Income) Margin	1.51%	2.24%	2.56%	3.54%	3.50%	3.22%	2.50%	3.01%	2.64%	1.38%	-0.10%
Tax Burden Percent	60.03%	62.74%	64.85%	74.26%	79.68%	73.04%	73.72%	73.06%	76.00%	72.22%	175.00%
Interest Burden Percent	99.88%	98.94%	100.15%	101.86%	101.61%	97.22%	97.11%	98.00%	102.74%	107.69%	40.00%
Effective Tax Rate	39.97%	37.26%	35.15%	25.74%	20.32%	26.96%	26.28%	26.94%	24.00%	27.78%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	20.92%	56.65%	133.08%	188.08%	369.64%	573.47%	585.86%	450.31%	195.12%	95.29%	-9.79%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	8.33%	12.57%	13.19%	15.88%	14.43%	13.07%	10.39%	13.18%	10.53%	4.96%	-0.42%
Return on Assets (ROA)	4.99%	7.80%	8.57%	12.01%	11.68%	9.28%	7.44%	9.44%	8.22%	3.86%	-0.29%
Return on Common Equity (ROCE)	20.92%	56.65%	133.08%	188.08%	369.64%	573.47%	585.86%	450.31%	195.12%	95.29%	-9.79%
Return on Equity Simple (ROE_SIMPLE)	22.84%	109.03%	127.26%	174.33%	3,704.31%	313.24%	0.00%	220.24%	181.91%	93.81%	0.00%
Net Operating Profit after Tax (NOPAT)	39	67	84	133	149	142	128	183	166	85	-7.00
NOPAT Margin	1.51%	2.27%	2.55%	3.47%	3.45%	3.32%	2.57%	3.08%	2.57%	1.28%	-0.10%
Net Nonoperating Expense Percent (NNEP)	-0.01%	-0.17%	0.04%	0.84%	1.03%	-2.07%	-1.52%	-1.00%	1.08%	1.13%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	40.53%	35.95%	18.13%	-1.69%
Cost of Revenue to Revenue	83.18%	83.29%	82.65%	82.19%	83.01%	81.18%	83.51%	82.98%	84.01%	84.01%	86.79%
SG&A Expenses to Revenue	3.95%	3.60%	3.76%	3.66%	3.59%	3.41%	3.20%	3.40%	3.45%	4.12%	3.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.29%	13.10%	13.42%	13.13%	12.66%	14.28%	13.01%	12.81%	12.61%	14.21%	13.36%
Earnings before Interest and Taxes (EBIT)	66	106	130	179	187	195	173	250	219	117	-10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	85	123	148	202	215	227	212	291	262	161	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.73	21.24	31.63	44.49	755.79	64.93	0.00	50.65	45.30	29.87	31.74
Price to Tangible Book Value (P/TBV)	6.22	27.10	39.17	53.20	0.00	91.19	0.00	60.04	52.57	34.49	44.24
Price to Revenue (P/Rev)	0.38	0.44	0.64	0.90	0.71	0.67	0.87	0.69	0.66	0.44	0.21
Price to Earnings (P/E)	25.72	19.93	25.31	25.88	20.64	20.73	34.81	23.00	24.90	31.84	0.00
Dividend Yield	7.06%	1.61%	0.00%	0.97%	1.56%	2.14%	1.56%	1.85%	1.95%	3.06%	6.20%
Earnings Yield	3.89%	5.02%	3.95%	3.86%	4.84%	4.82%	2.87%	4.35%	4.02%	3.14%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.26	0.36	0.55	0.83	0.67	0.62	0.81	0.62	0.60	0.33	0.16
Enterprise Value to EBITDA (EV/EBITDA)	7.88	8.61	12.18	15.69	13.50	11.76	19.04	12.61	14.74	13.31	31.05
Enterprise Value to EBIT (EV/EBIT)	10.21	9.97	13.89	17.71	15.54	13.69	23.27	14.68	17.63	18.31	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.01	15.88	21.42	23.85	19.51	18.74	31.57	20.09	23.20	25.36	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.31	7.29	8.47	17.18	14.14	7.69	15.51	10.58	19.50	4.12	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	10.94	10.99	0.00	30.19	24.40	21.95	15.77	13.98	36.97	4.88	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.72	1.57	1.86	66.05	9.83	-208.23	4.55	3.93	3.80	8.02
Long-Term Debt to Equity	0.00	1.72	1.57	1.86	66.05	9.83	-208.23	4.55	3.93	3.80	8.02
Financial Leverage	-2.50	-3.65	-5.41	-4.08	-5.72	-7.95	-11.44	-9.18	-4.81	-6.03	-7.89
Leverage Ratio	4.19	7.26	15.54	15.66	31.64	61.80	78.79	47.70	23.73	24.70	33.57
Compound Leverage Factor	4.18	7.19	15.56	15.95	32.15	60.08	76.51	46.75	24.38	26.60	13.43
Debt to Total Capital	0.00%	63.30%	61.15%	65.02%	98.51%	90.76%	100.48%	81.97%	79.70%	79.18%	88.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	63.30%	61.15%	65.02%	98.51%	90.76%	100.48%	81.97%	79.70%	79.18%	88.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	36.70%	38.85%	34.98%	1.49%	9.24%	-0.48%	18.03%	20.30%	20.82%	11.08%
Debt to EBITDA	0.00	0.85	0.70	0.71	1.25	1.91	1.74	1.27	1.41	2.29	10.54
Net Debt to EBITDA	0.00	-1.84	-1.98	-1.41	-0.85	-0.89	-1.35	-1.53	-1.52	-4.69	-10.66
Long-Term Debt to EBITDA	0.00	0.85	0.70	0.71	1.25	1.91	1.74	1.27	1.41	2.29	10.54
Debt to NOPAT	0.00	1.57	1.24	1.09	1.81	3.05	2.89	2.02	2.22	4.37	-52.71
Net Debt to NOPAT	0.00	-3.39	-3.48	-2.15	-1.22	-1.42	-2.23	-2.44	-2.39	-8.93	53.29
Long-Term Debt to NOPAT	0.00	1.57	1.24	1.09	1.81	3.05	2.89	2.02	2.22	4.37	-52.71
Altman Z-Score	5.06	5.02	5.22	6.13	5.46	4.87	5.16	5.12	5.24	3.85	3.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.07	1.07	1.12	1.12	1.19	1.10	1.12	1.11	1.08	1.06
Quick Ratio	0.59	0.93	0.95	1.02	1.00	1.09	0.99	1.03	0.98	0.98	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	96	-3.33	105	119	121	256	263	104	440	-338
Operating Cash Flow to CapEx	1,176.48%	428.17%	644.91%	524.43%	364.48%	353.00%	791.80%	1,156.67%	495.00%	1,368.42%	-896.77%
Free Cash Flow to Firm to Interest Expense	133.58	40.23	-1.04	22.50	15.55	15.14	34.30	18.75	3.87	15.70	-14.08
Operating Cash Flow to Interest Expense	141.79	60.67	66.36	39.52	26.83	43.21	34.88	24.79	7.33	18.57	-11.58
Operating Cash Flow Less CapEx to Interest Expense	129.74	46.50	56.07	31.98	19.47	30.97	30.48	22.64	5.85	17.21	-12.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.30	3.48	3.35	3.39	3.34	2.88	2.98	3.13	3.12	2.79	2.84
Accounts Receivable Turnover	209.02	20.99	10.92	10.42	9.96	9.99	10.98	10.46	9.85	8.64	8.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	35.64	41.42	37.52	35.97	32.57	23.56	23.29	28.92	32.68	33.84	36.92
Accounts Payable Turnover	430.78	511.96	512.88	368.70	471.70	646.39	658.42	696.83	581.79	526.57	739.00
Days Sales Outstanding (DSO)	1.75	17.39	33.42	35.02	36.65	36.55	33.25	34.91	37.05	42.23	44.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.85	0.71	0.71	0.99	0.77	0.56	0.55	0.52	0.63	0.69	0.49
Cash Conversion Cycle (CCC)	0.90	16.67	32.70	34.03	35.87	35.98	32.70	34.39	36.42	41.54	43.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-294	-323	-236	-208	-178	-157	-285	-365	-303	-658	-327
Invested Capital Turnover	-9.21	-9.54	-11.81	-17.27	-22.38	-25.60	-22.49	-18.27	-19.42	-13.70	-13.83
Increase / (Decrease) in Invested Capital	-22	-30	88	28	30	21	-128	-80	62	-355	331
Enterprise Value (EV)	671	1,059	1,805	3,170	2,901	2,664	4,034	3,670	3,861	2,143	1,087
Market Capitalization	988	1,286	2,098	3,456	3,083	2,866	4,319	4,117	4,258	2,898	1,460
Book Value per Share	$7.05	$2.84	$3.18	$1.86	$0.10	$1.15	($0.05)	$2.14	$2.52	$2.59	$1.22
Tangible Book Value per Share	$6.50	$2.23	$2.57	$1.55	($0.22)	$0.82	($0.38)	$1.81	$2.17	$2.25	$0.88
Total Capital	172	165	171	222	273	478	368	451	463	466	415
Total Debt	0.00	104	104	144	269	434	369	369	369	369	369
Total Long-Term Debt	0.00	104	104	144	269	434	369	369	369	369	369
Net Debt	-317	-226	-293	-285	-182	-201	-285	-446	-397	-755	-373
Capital Expenditures (CapEx)	5.53	34	33	35	56	98	33	30	40	38	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-262	-291	-343	-336	-346	-463	-538	-657	-607	-969	-640
Debt-free Net Working Capital (DFNWC)	54	39	54	94	106	172	116	159	159	155	102
Net Working Capital (NWC)	54	39	54	94	106	172	116	159	159	155	102
Net Nonoperating Expense (NNE)	0.05	0.71	-0.13	-2.47	-2.40	3.96	3.69	3.65	-4.56	-6.50	0.00
Net Nonoperating Obligations (NNO)	-466	-384	-302	-285	-182	-201	-283	-446	-397	-755	-373
Total Depreciation and Amortization (D&A)	19	17	18	23	28	32	39	41	43	44	45
Debt-free, Cash-free Net Working Capital to Revenue	-10.08%	-9.90%	-10.40%	-8.77%	-8.01%	-10.79%	-10.82%	-11.07%	-9.36%	-14.72%	-9.40%
Debt-free Net Working Capital to Revenue	2.09%	1.34%	1.64%	2.46%	2.45%	4.02%	2.34%	2.67%	2.45%	2.36%	1.50%
Net Working Capital to Revenue	2.09%	1.34%	1.64%	2.46%	2.45%	4.02%	2.34%	2.67%	2.45%	2.36%	1.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.79	$1.55	$2.02	$3.24	$3.72	$3.57	$3.22	$4.70	$4.53	$2.44	($0.19)
Adjusted Weighted Average Basic Shares Outstanding	42.52M	42.00M	41.48M	40.94M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Adjusted Diluted Earnings per Share	$0.79	$1.55	$2.01	$3.22	$3.70	$3.54	$3.18	$4.64	$4.47	$2.42	($0.19)
Adjusted Weighted Average Diluted Shares Outstanding	42.52M	42.00M	41.48M	40.94M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.52M	42.00M	41.48M	40.94M	39.38M	76.43M	76.67M	75.70M	37.29M	37.23M	37.73M
Normalized Net Operating Profit after Tax (NOPAT)	54	77	100	148	168	186	128	183	166	85	-7.00
Normalized NOPAT Margin	2.06%	2.62%	3.03%	3.87%	3.89%	4.34%	2.57%	3.08%	2.57%	1.28%	-0.10%
Pre Tax Income Margin	2.52%	3.58%	3.94%	4.76%	4.40%	4.42%	3.38%	4.13%	3.47%	1.91%	-0.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	143.14	44.37	40.44	38.35	24.41	24.29	23.24	17.86	8.11	4.18	-0.42
NOPAT to Interest Expense	85.92	27.84	26.23	28.48	19.45	17.74	17.13	13.05	6.16	3.02	-0.29
EBIT Less CapEx to Interest Expense	131.08	30.20	30.15	30.82	17.05	12.05	18.84	15.71	6.63	2.82	-1.71
NOPAT Less CapEx to Interest Expense	73.87	13.67	15.94	20.94	12.09	5.50	12.73	10.90	4.68	1.66	-1.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	53.70%	31.21%	77.92%	24.67%	32.18%	44.76%	116.20%	43.02%	49.12%	97.80%	-1,285.71%
Augmented Payout Ratio	53.70%	249.83%	77.92%	24.67%	32.18%	44.76%	172.39%	83.80%	125.73%	167.03%	-1,557.14%

This table displays calculated financial ratios and metrics derived from Insperity's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	37,728,423.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	37,728,423.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.77%	6.05%	1.81%	1.26%	0.64%	2.09%	3.39%	3.30%	3.97%	3.41%	1.72%
EBITDA Growth	11.62%	-44.50%	-9.16%	25.93%	-82.86%	-111.76%	-33.61%	-88.24%	-216.67%	-750.00%	-7.59%
EBIT Growth	12.10%	-54.57%	-10.74%	43.75%	-98.31%	-165.22%	-37.04%	-130.43%	-2,600.00%	-206.67%	-8.82%
NOPAT Growth	12.75%	-52.08%	-17.08%	38.00%	-97.70%	-157.67%	-37.34%	-129.59%	-1,850.00%	-206.67%	-32.58%
Net Income Growth	19.46%	-49.80%	-16.84%	50.00%	-93.33%	-147.37%	-35.44%	-127.78%	-766.67%	-266.67%	-35.29%
EPS Growth	18.37%	-46.46%	-15.10%	45.45%	-93.97%	-139.62%	-35.10%	-129.17%	-857.14%	-314.29%	-34.81%
Operating Cash Flow Growth	111.60%	-74.22%	-22.50%	118.18%	-171.43%	967.24%	-1,529.03%	-495.00%	92.67%	-58.80%	84.88%
Free Cash Flow Firm Growth	-7.77%	-137.15%	-159.67%	13,587.34%	-474.14%	886.68%	81.86%	-325.31%	97.12%	-205.43%	806.03%
Invested Capital Growth	-21.97%	16.99%	63.01%	-19.32%	99.80%	-117.16%	49.20%	43.98%	-300.00%	50.30%	-291.58%
Revenue Q/Q Growth	-2.15%	1.87%	14.05%	-10.93%	-2.74%	3.33%	15.50%	-11.00%	-2.11%	2.77%	13.61%
EBITDA Q/Q Growth	159.26%	-51.43%	261.81%	-71.43%	-64.71%	-133.33%	2,075.00%	-94.94%	-450.00%	-142.86%	314.71%
EBIT Q/Q Growth	268.75%	-61.02%	389.02%	-78.70%	-95.65%	-1,600.00%	553.33%	-110.29%	-257.14%	-84.00%	234.78%
NOPAT Q/Q Growth	262.70%	-58.17%	328.95%	-78.46%	-93.96%	-1,150.00%	558.73%	-110.17%	-257.14%	-84.00%	200.86%
Net Income Q/Q Growth	275.00%	-57.78%	294.02%	-77.22%	-83.33%	-400.00%	666.67%	-109.80%	-300.00%	-65.00%	200.00%
EPS Q/Q Growth	251.52%	-54.31%	292.45%	-76.92%	-85.42%	-400.00%	742.86%	-110.37%	-278.57%	-64.15%	201.15%
Operating Cash Flow Q/Q Growth	290.91%	-72.38%	-46.75%	-35.48%	-850.00%	512.67%	-171.57%	82.17%	86.08%	2,418.18%	-126.27%
Free Cash Flow Firm Q/Q Growth	21,194.87%	-132.54%	-241.39%	135.80%	-682.09%	168.42%	-112.72%	-344.64%	92.56%	-2,404.83%	185.21%
Invested Capital Q/Q Growth	-39.63%	40.06%	63.90%	-131.02%	99.77%	-65,700.00%	85.56%	-154.74%	98.35%	-8,075.00%	-13.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.63%	14.05%	19.15%	16.20%	14.67%	13.52%	16.64%	13.45%	12.01%	10.31%	15.94%
EBITDA Margin	4.51%	2.15%	6.60%	2.12%	0.77%	-0.25%	4.24%	0.24%	-0.86%	-2.04%	3.85%
Operating Margin	3.80%	1.46%	5.99%	1.43%	0.06%	-0.93%	3.65%	-0.42%	-1.54%	-2.76%	3.27%
EBIT Margin	3.80%	1.46%	5.99%	1.43%	0.06%	-0.93%	3.65%	-0.42%	-1.54%	-2.76%	3.27%
Profit (Net Income) Margin	2.90%	1.20%	4.38%	1.12%	0.19%	-0.56%	2.74%	-0.30%	-1.23%	-1.98%	1.74%
Tax Burden Percent	73.77%	79.17%	71.17%	72.00%	100.00%	69.23%	70.83%	83.33%	83.33%	71.74%	52.38%
Interest Burden Percent	103.39%	104.35%	102.78%	108.70%	300.00%	86.67%	105.88%	85.71%	96.00%	100.00%	101.61%
Effective Tax Rate	26.23%	20.83%	28.83%	28.00%	0.00%	0.00%	29.17%	0.00%	0.00%	0.00%	47.62%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	264.86%	195.12%	113.65%	118.44%	114.72%	95.29%	48.65%	31.50%	16.04%	-9.79%	-26.88%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	12.88%	4.54%	18.75%	4.73%	0.21%	-2.59%	11.36%	-1.37%	-5.28%	-7.83%	10.32%
Return on Assets (ROA)	9.82%	3.75%	13.72%	3.70%	0.64%	-1.56%	8.52%	-0.98%	-4.22%	-5.62%	5.49%
Return on Common Equity (ROCE)	264.86%	195.12%	113.65%	118.44%	114.72%	95.29%	48.65%	31.50%	16.04%	-9.79%	-26.88%
Return on Equity Simple (ROE_SIMPLE)	228.83%	0.00%	110.99%	113.65%	95.51%	0.00%	52.94%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	44	18	77	17	1.00	-11	48	-4.90	-18	-32	32
NOPAT Margin	2.81%	1.15%	4.27%	1.03%	0.06%	-0.65%	2.59%	-0.30%	-1.08%	-1.93%	1.71%
Net Nonoperating Expense Percent (NNEP)	0.28%	0.19%	0.44%	0.27%	0.56%	0.26%	1.05%	-0.02%	-2.30%	-0.14%	0.16%
Return On Investment Capital (ROIC_SIMPLE)	-	3.93%	-	-	-	-2.25%	8.68%	-1.02%	-3.35%	-7.76%	7.45%
Cost of Revenue to Revenue	83.37%	85.95%	80.85%	83.80%	85.33%	86.48%	83.36%	86.55%	87.99%	89.69%	84.06%
SG&A Expenses to Revenue	3.29%	3.67%	3.83%	4.24%	4.10%	4.34%	3.81%	3.56%	3.57%	3.60%	3.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.83%	12.59%	13.15%	14.77%	14.61%	14.45%	12.99%	13.87%	13.56%	13.07%	12.66%
Earnings before Interest and Taxes (EBIT)	59	23	108	23	1.00	-15	68	-7.00	-25	-46	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	34	119	34	12	-4.00	79	4.00	-14	-34	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	43.73	45.30	29.01	24.19	26.43	29.87	27.92	20.20	21.31	31.74	15.23
Price to Tangible Book Value (P/TBV)	51.63	52.57	31.98	26.62	29.49	34.49	31.34	22.85	25.05	44.24	18.89
Price to Revenue (P/Rev)	0.57	0.66	0.62	0.53	0.50	0.44	0.50	0.34	0.27	0.21	0.15
Price to Earnings (P/E)	19.11	24.90	26.14	21.28	27.67	31.84	52.73	56.55	109.03	0.00	0.00
Dividend Yield	2.29%	1.95%	2.09%	2.53%	2.66%	3.06%	2.69%	3.99%	4.88%	6.20%	8.88%
Earnings Yield	5.23%	4.02%	3.83%	4.70%	3.61%	3.14%	1.90%	1.77%	0.92%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.51	0.60	0.57	0.47	0.49	0.33	0.47	0.31	0.26	0.16	0.11
Enterprise Value to EBITDA (EV/EBITDA)	11.28	14.74	15.01	11.89	16.07	13.31	25.75	23.07	27.24	31.05	26.01
Enterprise Value to EBIT (EV/EBIT)	13.21	17.63	18.20	14.34	20.61	18.31	40.47	44.66	84.31	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.49	23.20	24.85	19.64	28.15	25.36	55.88	62.53	143.83	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.92	19.50	19.75	9.54	0.00	4.12	67.74	0.00	20.59	0.00	7.70
Enterprise Value to Free Cash Flow (EV/FCFF)	11.75	36.97	0.00	13.54	0.00	4.88	0.00	0.00	115.64	0.00	2.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.44	3.93	3.04	2.60	3.48	3.80	3.66	3.29	5.01	8.02	5.51
Long-Term Debt to Equity	4.44	3.93	3.04	2.60	3.48	3.80	3.66	3.29	5.01	8.02	5.51
Financial Leverage	-7.41	-4.81	-3.53	-3.91	-3.43	-6.03	-2.09	-3.65	-1.02	-7.89	-3.51
Leverage Ratio	26.31	23.73	15.24	14.53	18.88	24.70	16.48	16.19	18.61	33.57	23.33
Compound Leverage Factor	27.20	24.76	15.66	15.80	56.64	21.40	17.45	13.88	17.86	33.57	23.70
Debt to Total Capital	81.63%	79.70%	75.22%	72.21%	77.68%	79.18%	78.56%	76.72%	83.37%	88.92%	84.63%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	81.63%	79.70%	75.22%	72.21%	77.68%	79.18%	78.56%	76.72%	83.37%	88.92%	84.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	18.37%	20.30%	24.78%	27.79%	22.32%	20.82%	21.44%	23.28%	16.63%	11.08%	15.37%
Debt to EBITDA	1.28	1.41	1.71	1.44	2.19	2.29	3.60	4.05	6.71	10.54	12.72
Net Debt to EBITDA	-1.29	-1.52	-1.28	-1.51	-0.60	-4.69	-1.70	-1.79	-1.28	-10.66	-9.17
Long-Term Debt to EBITDA	1.28	1.41	1.71	1.44	2.19	2.29	3.60	4.05	6.71	10.54	12.72
Debt to NOPAT	1.98	2.22	2.82	2.38	3.84	4.37	7.82	10.99	35.42	-52.71	-32.95
Net Debt to NOPAT	-2.01	-2.39	-2.12	-2.49	-1.04	-8.93	-3.69	-4.86	-6.74	53.29	23.75
Long-Term Debt to NOPAT	1.98	2.22	2.82	2.38	3.84	4.37	7.82	10.99	35.42	-52.71	-32.95
Altman Z-Score	5.05	4.93	5.10	4.88	5.17	3.68	4.79	4.62	4.48	3.89	3.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.11	1.15	1.17	1.16	1.08	1.13	1.12	1.12	1.06	1.09
Quick Ratio	1.02	0.98	1.00	1.04	1.01	0.98	0.96	0.96	0.97	0.92	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	135	-44	-242	87	-504	345	-44	-195	-15	-363	309
Operating Cash Flow to CapEx	2,625.00%	322.22%	620.00%	333.33%	-1,071.43%	4,761.54%	-7,383.33%	-1,128.57%	-122.22%	2,833.33%	-1,116.67%
Free Cash Flow to Firm to Interest Expense	19.23	-6.26	-34.52	12.36	-71.93	49.21	-7.31	-32.48	-2.42	-60.53	51.58
Operating Cash Flow to Interest Expense	30.00	8.29	4.43	2.86	-21.43	88.43	-73.83	-13.17	-1.83	42.50	-11.17
Operating Cash Flow Less CapEx to Interest Expense	28.86	5.71	3.71	2.00	-23.43	86.57	-74.83	-14.33	-3.33	41.00	-12.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.39	3.12	3.13	3.30	3.33	2.79	3.11	3.26	3.43	2.84	3.15
Accounts Receivable Turnover	10.52	9.85	9.79	9.72	9.21	8.64	8.53	8.46	8.15	8.23	7.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	33.03	32.68	33.65	34.52	34.40	33.84	35.24	36.39	36.52	36.92	38.23
Accounts Payable Turnover	842.69	581.79	705.97	789.90	831.69	526.57	803.57	879.23	830.14	739.00	850.29
Days Sales Outstanding (DSO)	34.68	37.05	37.28	37.55	39.63	42.23	42.81	43.15	44.81	44.34	45.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.43	0.63	0.52	0.46	0.44	0.69	0.45	0.42	0.44	0.49	0.43
Cash Conversion Cycle (CCC)	34.25	36.42	36.76	37.08	39.19	41.54	42.35	42.74	44.37	43.85	45.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-506	-303	-187	-432	-1.00	-658	-95	-242	-4.00	-327	-372
Invested Capital Turnover	-13.90	-19.42	-18.82	-16.47	-25.85	-13.70	-47.11	-19.87	-2,702.80	-13.83	-29.31
Increase / (Decrease) in Invested Capital	-91	62	319	-70	505	-355	92	190	-3.00	331	-277
Enterprise Value (EV)	3,261	3,861	3,742	3,048	3,185	2,143	3,116	2,099	1,771	1,087	754
Market Capitalization	3,635	4,258	4,061	3,435	3,303	2,898	3,322	2,262	1,854	1,460	1,020
Book Value per Share	$2.18	$2.52	$3.72	$3.77	$3.33	$2.59	$3.20	$2.98	$2.31	$1.22	$1.78
Tangible Book Value per Share	$1.85	$2.17	$3.37	$3.43	$2.98	$2.25	$2.85	$2.63	$1.96	$0.88	$1.43
Total Capital	453	463	565	511	560	466	555	481	523	415	436
Total Debt	369	369	425	369	435	369	436	369	436	369	369
Total Long-Term Debt	369	369	425	369	435	369	436	369	436	369	369
Net Debt	-374	-397	-319	-387	-118	-755	-206	-163	-83	-373	-266
Capital Expenditures (CapEx)	8.00	18	5.00	6.00	14	13	6.00	7.00	9.00	9.00	6.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-587	-607	-531	-518	-353	-969	-454	-372	-347	-640	-493
Debt-free Net Working Capital (DFNWC)	156	159	213	238	200	155	188	160	172	102	142
Net Working Capital (NWC)	156	159	213	238	200	155	188	160	172	102	142
Net Nonoperating Expense (NNE)	-1.48	-0.79	-2.14	-1.44	-2.00	-1.50	-2.83	0.10	2.50	0.80	-0.52
Net Nonoperating Obligations (NNO)	-589	-397	-327	-574	-126	-755	-214	-354	-91	-373	-439
Total Depreciation and Amortization (D&A)	11	11	11	11	11	11	11	11	11	12	11
Debt-free, Cash-free Net Working Capital to Revenue	-9.18%	-9.36%	-8.15%	-7.92%	-5.39%	-14.72%	-6.84%	-5.56%	-5.14%	-9.40%	-7.20%
Debt-free Net Working Capital to Revenue	2.44%	2.45%	3.27%	3.64%	3.05%	2.36%	2.83%	2.39%	2.55%	1.50%	2.07%
Net Working Capital to Revenue	2.44%	2.45%	3.27%	3.64%	3.05%	2.36%	2.83%	2.39%	2.55%	1.50%	2.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.17	$0.53	$2.11	$0.48	$0.07	($0.22)	$1.37	($0.14)	($0.53)	($0.89)	$0.88
Adjusted Weighted Average Basic Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Adjusted Diluted Earnings per Share	$1.16	$0.53	$2.08	$0.48	$0.07	($0.21)	$1.35	($0.14)	($0.53)	($0.87)	$0.88
Adjusted Weighted Average Diluted Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.28M	37.29M	37.66M	37.54M	37.38M	37.23M	37.63M	37.67M	37.70M	37.73M	38.17M
Normalized Net Operating Profit after Tax (NOPAT)	44	18	77	17	0.70	-11	48	-4.90	-18	-32	32
Normalized NOPAT Margin	2.81%	1.15%	4.27%	1.03%	0.04%	-0.65%	2.59%	-0.30%	-1.08%	-1.93%	1.71%
Pre Tax Income Margin	3.93%	1.52%	6.16%	1.56%	0.19%	-0.81%	3.86%	-0.36%	-1.48%	-2.76%	3.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.43	3.29	15.43	3.29	0.14	-2.14	11.33	-1.17	-4.17	-7.67	10.33
NOPAT to Interest Expense	6.22	2.60	10.98	2.37	0.14	-1.50	8.03	-0.82	-2.92	-5.37	5.41
EBIT Less CapEx to Interest Expense	7.29	0.71	14.71	2.43	-1.86	-4.00	10.33	-2.33	-5.67	-9.17	9.33
NOPAT Less CapEx to Interest Expense	5.07	0.03	10.27	1.51	-1.86	-3.36	7.03	-1.98	-4.42	-6.87	4.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.49%	49.12%	54.84%	53.43%	73.90%	97.80%	144.44%	225.00%	529.41%	-1,285.71%	-360.00%
Augmented Payout Ratio	117.56%	125.73%	131.76%	129.96%	117.89%	167.03%	238.10%	337.50%	705.88%	-1,557.14%	-376.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Insperity (NSP) across the last four years of quarterly statements, focusing on cash flow, income, and balance sheet trends. The points are organized with positives first, then neutral, then negatives.

Q4 2025 cash flow from continuing operating activities is positive, about $255 million, indicating improved operating cash generation heading into year-end.
Debt repayments occurred in late 2025 (about $33 million in both Q3 2025 and Q4 2025), which helps reduce leverage and interest burden going forward.
Cash dividends per share are declared at $0.60, showing ongoing shareholder returns even amid earnings volatility.
Revenue remains in the high $1.6B range in the latest quarter (Q4 2025 operating revenue $1.668B), suggesting relatively stable topline activity over recent periods.
Balance sheet totals show assets around $2.0B and liabilities around $1.9B–$2.0B, with a relatively modest equity base (roughly $80M–$120M in recent quarters), implying a leveraged but manageable capital structure.
Shares used for EPS calculations hover in the mid- to high-37 million range (e.g., about 37.7 million in Q4 2025), which influences earnings per share metrics.
Gross margin fluctuates and has been near 10%–12% in some periods (e.g., roughly 172M gross profit on 1.668B revenue in Q4 2025), indicating ongoing profitability pressure relative to revenue.
Net income was negative in Q4 2025, at about -$33.0M, with basic EPS around -$0.89 and diluted EPS around -$0.87, signaling a material earnings shortfall in the latest quarter.
Mid-2025 cash flow showed periods of negative operating cash flow before the Q4 rebound (e.g., negative net cash from continuing operating activities in some earlier 2025 quarters), highlighting working capital challenges during the year.
The balance sheet remains heavily liability-weighted relative to equity (Total liabilities near $1.9B for several quarters vs. Total equity around $80–120M), suggesting a high leverage ratio that could constrain flexibility if conditions worsen.

05/14/26 11:29 AM ETAI Generated. May Contain Errors.

Insperity Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Insperity's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 10 years, Insperity's net income changed from $39.39 million in 2015 to -$7 million in 2025, a change of -117.8%. Check out Insperity's forecast to explore projected trends and price targets.

Insperity's total operating income in 2025 was -$10 million, based on the following breakdown:

Total Gross Profit: $900 million
Total Operating Expenses: $910 million

Over the last 10 years, Insperity's total revenue changed from $2.60 billion in 2015 to $6.81 billion in 2025, a change of 161.6%.

Insperity's total liabilities were at $2.16 billion at the end of 2025, a 13.7% decrease from 2024, and a 252.2% increase since 2015.

In the past 10 years, Insperity's cash and equivalents has ranged from $269.54 million in 2015 to $1.04 billion in 2024, and is currently $642 million as of their latest financial filing in 2025.

Over the last 10 years, Insperity's book value per share changed from 7.05 in 2015 to 1.22 in 2025, a change of -82.7%.

Related Companies

Financial statements for NYSE:NSP last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Insperity (NSP) Financials

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