NSITINSIGHT ENTERPRISES INC

Retail-Catalog & Mail-Order Houses

Revenue: $8.2B; 5.2% YoY
Operating margin: 4.1%; 9.1% YoY
EBITDA: $441M; 9.3% YoY
Market cap: $5.1B
Employees: —
Net debt / EBITDA: 2.5×; $1.1B net debt
AI in 10-K: 6.9; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
193% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
50% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
10% of assets
Over 40% of assets
Shareholder dissentNo
86% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
6.9 per 10K words · 87th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
2.5× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$5.1B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$519K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$9.4B	$10.4B	$9.2B	$8.7B	$8.2B	5.2%
Operating income	$332M	$414M	$420M	$389M	$335M	14%
Net income	$219M	$281M	$281M	$250M	$157M	37%
Operating cash flow	$164M	$98M	$620M	$633M	$304M	52%
Capex	$52M	$71M	$39M	$47M	$25M	48%
Stock-based comp	$18M	$23M	$29M	$34M	$34M	0.7%
Buybacks	$50M	$108M	$217M	$200M	$151M	24%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Dec 1, 2025	VA Partners I, LLC	SCHEDULE 13D/A	4.7%	Passive
Oct 28, 2025	VA Partners I, LLC	SCHEDULE 13D/A	5.3%	Passive
Oct 9, 2025	VA Partners I, LLC	SCHEDULE 13D/A	6.7%	Passive
Sep 18, 2025	VA Partners I, LLC	SCHEDULE 13D/A	7.9%	Passive
May 27, 2025	VA Partners I, LLC	SCHEDULE 13D/A	9.1%	Passive
May 15, 2025	VA Partners I, LLC	SCHEDULE 13D/A	10.8%	Passive
May 12, 2025	VA Partners I, LLC	SCHEDULE 13D/A	10.8%	Passive
Feb 17, 2023	VA Partners I, LLC	SC 13D/A	13.3%	Passive
Aug 19, 2022	VA Partners I, LLC	SC 13D/A	11.8%	Passive
May 18, 2022	VA Partners I, LLC	SC 13D/A	10.8%	Passive

Insider trading

Open-market buys, 12 mo: $200K · 1
Open-market sells, 12 mo: $718K · 3
Net: −$519K

Pay vs performance

No pay-versus-performance disclosure yet.