Tearsheet

Insperity (NSP)


Market Price (7/8/2026): $45.56 | Market Cap: $1.7 BilSector: Industrials | Industry: Human Resource & Employment Services

Insperity (NSP)


Market Price (7/8/2026): $45.56
Market Cap: $1.7 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Dividend Yield is 3.9%

Megatrend and thematic drivers
Megatrends include Future of Work. Themes include HR Technology & Outsourcing, Employee Benefits Management, and Workforce Management Solutions.

Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -127%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 157x

Key risks
NSP key risks include [1] significant margin compression from escalating employee benefits and healthcare costs, Show more.

0 Attractive yield
Dividend Yield is 3.9%
1 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include HR Technology & Outsourcing, Employee Benefits Management, and Workforce Management Solutions.
2 Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -127%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2%
5 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 157x
6 Key risks
NSP key risks include [1] significant margin compression from escalating employee benefits and healthcare costs, Show more.

NSP in ETFs

Weight = NSP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.05%
IJR0.08%
SCHD0.04%
VYM0.01%
VB0.01%
SLYV0.17%
+11 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/7/2026

Insperity (NSP) stock has gained about 70% since 3/31/2026 because of the following key factors:

1. Insperity surpassed analyst expectations in its fiscal Q1 2026 earnings, reported on April 30, 2026. The company posted an adjusted EPS of $1.31, exceeding the consensus estimate of $1.24 by $0.07. Additionally, quarterly revenue reached $1.90 billion, outperforming analysts' expectations of $1.89 billion. This strong financial performance likely contributed to a positive market reaction.

2. The company demonstrated significant progress in margin recovery and benefit cost management during fiscal Q1 2026. Gross profit, while down 3% year-over-year to $302 million, marked a substantial improvement from the 21% decline observed in fiscal Q4 2025. Furthermore, the increase in benefit costs per covered employee slowed to 5% in fiscal Q1 2026, a notable improvement compared to the 9% increase experienced throughout 2025. This improvement was attributed to favorable client mix changes, plan design adjustments, and a new UnitedHealthCare contract, with further benefits anticipated in later quarters of 2026.

Show more
Updated on 7/7/2026

Insperity (NSP) stock has gained about 70% since 3/31/2026 because of the following key factors:

1. Insperity surpassed analyst expectations in its fiscal Q1 2026 earnings, reported on April 30, 2026. The company posted an adjusted EPS of $1.31, exceeding the consensus estimate of $1.24 by $0.07. Additionally, quarterly revenue reached $1.90 billion, outperforming analysts' expectations of $1.89 billion. This strong financial performance likely contributed to a positive market reaction.

2. The company demonstrated significant progress in margin recovery and benefit cost management during fiscal Q1 2026. Gross profit, while down 3% year-over-year to $302 million, marked a substantial improvement from the 21% decline observed in fiscal Q4 2025. Furthermore, the increase in benefit costs per covered employee slowed to 5% in fiscal Q1 2026, a notable improvement compared to the 9% increase experienced throughout 2025. This improvement was attributed to favorable client mix changes, plan design adjustments, and a new UnitedHealthCare contract, with further benefits anticipated in later quarters of 2026.

3. Insperity's strategic growth initiatives and reiterated guidance provided a positive forward-looking sentiment. Despite revising down worksite employee growth for fiscal year 2026 to a range of 303,000 to 307,000 (a 1% to 2.3% decline from 2025) due to weaker small business sentiment, the company reiterated its full-year 2026 adjusted EBITDA guidance of $170 million to $230 million. The successful onboarding of initial HR Scale beta clients in March 2026, with nearly 6,000 worksite employees committed within six months, positioned HR Scale as a key catalyst for future growth, particularly in the mid-market segment.

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Stock Movement Drivers

Fundamental Drivers

The 71.5% change in NSP stock from 3/31/2026 to 7/7/2026 was primarily driven by a 70.7% change in the company's P/S Multiple.
(LTM values as of)33120267072026Change
Stock Price ($)26.5645.5571.5%
Change Contribution By: 
Total Revenues ($ Mil)6,8126,8440.5%
P/S Multiple0.10.370.7%
Shares Outstanding (Mil)38380.0%
Cumulative Contribution71.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/7/2026
ReturnCorrelation
NSP71.5% 
Market (SPY)15.0%-29.4%
Sector (XLI)12.8%-26.6%

Fundamental Drivers

The 23.2% change in NSP stock from 12/31/2025 to 7/7/2026 was primarily driven by a 21.6% change in the company's P/S Multiple.
(LTM values as of)123120257072026Change
Stock Price ($)36.9945.5523.2%
Change Contribution By: 
Total Revenues ($ Mil)6,7576,8441.3%
P/S Multiple0.20.321.6%
Shares Outstanding (Mil)38380.0%
Cumulative Contribution23.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/7/2026
ReturnCorrelation
NSP23.2% 
Market (SPY)9.9%-6.7%
Sector (XLI)17.9%-11.9%

Fundamental Drivers

The -18.4% change in NSP stock from 6/30/2025 to 7/7/2026 was primarily driven by a -20.8% change in the company's P/S Multiple.
(LTM values as of)63020257072026Change
Stock Price ($)55.8445.55-18.4%
Change Contribution By: 
Total Revenues ($ Mil)6,6426,8443.0%
P/S Multiple0.30.3-20.8%
Shares Outstanding (Mil)38380.0%
Cumulative Contribution-18.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/7/2026
ReturnCorrelation
NSP-18.4% 
Market (SPY)22.0%8.1%
Sector (XLI)24.9%2.8%

Fundamental Drivers

The -56.5% change in NSP stock from 6/30/2023 to 7/7/2026 was primarily driven by a -61.1% change in the company's P/S Multiple.
(LTM values as of)63020237072026Change
Stock Price ($)104.7845.55-56.5%
Change Contribution By: 
Total Revenues ($ Mil)6,1316,84411.6%
P/S Multiple0.60.3-61.1%
Shares Outstanding (Mil)38380.0%
Cumulative Contribution-56.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/7/2026
ReturnCorrelation
NSP-56.5% 
Market (SPY)74.6%18.7%
Sector (XLI)77.0%19.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NSP Return50%-2%5%-32%-48%20%-34%
Peers Return39%-8%26%12%-27%4%36%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
NSP Win Rate67%50%50%25%25%71% 
Peers Win Rate63%40%57%60%42%69% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
NSP Max Drawdown-14%-28%-27%-38%-65%-57% 
Peers Max Drawdown-14%-28%-19%-19%-38%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADP, PAYX, TNET, BBSI, RHI. See NSP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)

How Low Can It Go

EventNSPS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-27.6%-24.5%
  % Gain to Breakeven38.1%32.4%
  Time to Breakeven238 days427 days
2020 COVID-19 Crash
  % Loss-63.4%-33.7%
  % Gain to Breakeven173.0%50.9%
  Time to Breakeven148 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.3%-19.2%
  % Gain to Breakeven33.9%23.8%
  Time to Breakeven49 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.1%-3.7%
  % Gain to Breakeven13.8%3.9%
  Time to Breakeven103 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-12.9%-12.2%
  % Gain to Breakeven14.7%13.9%
  Time to Breakeven92 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-33.8%-17.9%
  % Gain to Breakeven51.1%21.8%
  Time to Breakeven140 days123 days

Compare to ADP, PAYX, TNET, BBSI, RHI

In The Past

Insperity's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNSPS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-27.6%-24.5%
  % Gain to Breakeven38.1%32.4%
  Time to Breakeven238 days427 days
2020 COVID-19 Crash
  % Loss-63.4%-33.7%
  % Gain to Breakeven173.0%50.9%
  Time to Breakeven148 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.3%-19.2%
  % Gain to Breakeven33.9%23.8%
  Time to Breakeven49 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-33.8%-17.9%
  % Gain to Breakeven51.1%21.8%
  Time to Breakeven140 days123 days
2008-2009 Global Financial Crisis
  % Loss-54.7%-53.4%
  % Gain to Breakeven120.8%114.4%
  Time to Breakeven721 days1085 days
Summer 2007 Credit Crunch
  % Loss-22.4%-8.6%
  % Gain to Breakeven28.9%9.5%
  Time to Breakeven57 days47 days

Compare to ADP, PAYX, TNET, BBSI, RHI

In The Past

Insperity's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Insperity (NSP)

Insperity, Inc. (NSP) is a human resources (HR) and business solutions provider dedicated to improving the performance of small and medium-sized businesses. The company primarily operates through a Professional Employer Organization (PEO) model, offering comprehensive HR outsourcing solutions that allow clients to manage their human capital more effectively and focus on their core business operations.

The company's main services include a wide array of HR functions such as payroll and employment administration, employee benefits management, workers' compensation, and government compliance. Insperity provides integrated platforms like Workforce Optimization, Workforce Synchronization, and Insperity Premier—a cloud-based human capital management solution. It also offers Workforce Acceleration for payroll and HR services, and MarketPlace, an e-commerce portal for various business products and services.

Insperity's core clientele consists of small and medium-sized businesses, with specialized solutions also available for the middle market. The company maintains a strong national presence, serving its diverse client base through 85 sales offices located across the United States.

AI Analysis | Feedback

Insperity is like **ADP or Paychex, but for a full-service, outsourced HR department, including PEO (Professional Employer Organization) services for small and medium-sized businesses.**

Alternatively, Insperity is like the **Amazon for human resources services for small and medium-sized businesses, offering everything from payroll to benefits to compliance in one place.**

AI Analysis | Feedback

  • Workforce Optimization and Workforce Synchronization: These solutions provide comprehensive HR services including payroll, benefits, workers' compensation, compliance, performance management, and training for small and medium-sized businesses.
  • Insperity Premier: A cloud-based human capital management platform that offers professional employer organization (PEO) HR outsourcing solutions, personnel record management, and employer liability management.
  • Workforce Acceleration: This human capital management and payroll services solution assists clients with various HR functions including time tracking, performance management, organizational planning, recruiting, and employment screening.
  • MarketPlace: An e-commerce portal offering a diverse range of products and services for businesses.

AI Analysis | Feedback

Insperity (NSP) primarily sells its human resources and business solutions to other companies, specifically **small and medium-sized businesses (SMBs)** and **middle-market companies**.

Due to the nature of its business model as a professional employer organization (PEO), Insperity serves a highly diversified client base across various industries. As a result, no single customer or a small group of customers accounts for a significant portion of Insperity's revenues (typically 10% or more). Therefore, there are no individually identifiable "major customer companies" that are publicly disclosed or represent a substantial concentration of revenue for Insperity.

It is not possible to list specific names of customer companies and their symbols, as no single client or small group of clients constitutes a major customer for Insperity in the traditional sense.

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Paul J. Sarvadi, Chairman and Chief Executive Officer

Paul J. Sarvadi co-founded Insperity in 1986, pioneering the HR outsourcing industry. Prior to Insperity, he started and operated several small companies. He led Insperity to become a publicly traded company in 1997. Mr. Sarvadi served as President and a board member of the National Association of Professional Employer Organizations (NAPEO) for five years. He was honored as the 2001 National Ernst & Young Entrepreneur of the Year for service industries and inducted into the Texas Business Hall of Fame in 2007. He is also the author of "Take Care of Your People: The Enlightened CEO's Guide to Business Success."

James D. Allison, Executive Vice President of Finance, Chief Financial Officer and Treasurer

James D. Allison became Insperity's Chief Financial Officer on November 15, 2024, succeeding Douglas S. Sharp. He joined Insperity in 1997 and has held various finance roles of increasing responsibility. Mr. Allison was promoted to Senior Vice President of Pricing and Cost Analysis in 2011. Before his current appointment, he served as executive vice president of comprehensive benefits solutions and chief profitability officer starting in May 2023.

A. Steve Arizpe, President and Chief Operating Officer

A. Steve Arizpe serves as President and Chief Operating Officer for Insperity. He joined the company in 1989 as Houston sales manager and has since held various leadership positions, including regional sales manager, national sales manager, vice president of sales, and executive vice president of client services. Earlier in his career, he held sales and sales management roles at NCR Corporation and Clarke American. Mr. Arizpe has also served as a director in the Texas Chapter of the National Association of Professional Employer Organizations (NAPEO).

Christian P. Callens, Senior Vice President of Legal, General Counsel and Secretary

Christian P. Callens has been Insperity's Senior Vice President, Legal, General Counsel, and Secretary since January 2024. He began his tenure at Insperity in January 2014 as Managing Counsel and Assistant Secretary, where he led the Transactions and Corporate Law Practice Group. He was later promoted to Deputy General Counsel, Managing Counsel & Assistant Secretary in October 2022. Prior to joining Insperity, Mr. Callens was counsel in the corporate practice of Skadden, Arps, Slate, Meagher & Flom LLP and also held an executive position at a privately-held technology company.

Kathy Johnson, Executive Vice President of Strategic Development

Kathy Johnson is the Executive Vice President of Strategic Development for Insperity. Since joining the company in 2002, she has taken on various leadership roles across operations, sales, and technology. Her previous position was senior vice president of middle market operations, where she managed both sales and operations for Insperity's largest customer segments. In her current role, Ms. Johnson is responsible for developing and executing the company's long-range strategies and growth initiatives, including data and analytics.

AI Analysis | Feedback

Here are the key risks to Insperity's business:

  1. Elevated and Volatile Healthcare Costs: Insperity assumes liability for client employee benefits costs, particularly health insurance. Rapid shifts in healthcare costs due to factors like new technologies (e.g., AI and GLP-1 drugs) and increased utilization can lead to significant margin compression and make accurate pricing challenging. This volatility directly impacts the company's profitability and has been cited as a primary reason for recent stock declines and earnings misses.

  2. Economic Downturns and Client Hiring Sensitivity: Insperity's revenue is directly tied to the number of employees on its clients' payrolls, known as worksite employees (WSEs). Economic uncertainties, such as a recession or market downturn, can lead to layoffs or slower hiring among its small and medium-sized business (SMB) clientele, directly reducing Insperity's revenue and profitability.

  3. Uncertainty in HRScale/Workday Partnership Success: Insperity is making a substantial investment in modernizing its technology platform through a partnership with Workday, specifically the HRScale project. There is a risk that this partnership may not generate the anticipated demand from mid-sized businesses, leading to inefficient capital deployment and potential margin contraction due to platform license fees. The success of this strategic initiative is crucial for enhancing client retention and long-term competitiveness.

AI Analysis | Feedback

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The addressable markets for Insperity's main products and services in the U.S. are substantial, focusing on Professional Employer Organization (PEO) services, Human Resources (HR) outsourcing, Human Capital Management (HCM) platforms, and payroll services. For its Professional Employer Organization (PEO) services, the U.S. PEO industry's gross revenues were estimated to be between $136 billion and $156 billion. Additionally, the Professional Employer Organizations (PEOs) market size in the U.S. was valued at approximately US$ 71.3 billion in 2025 and is projected to reach US$ 147.1 billion by 2032. In the realm of HR outsourcing, the U.S. Human Resource Outsourcing (HRO) market generated USD 10.8 billion in 2024 and is expected to expand at a CAGR of 4.2%. The U.S. HR Business Process Outsourcing (HR BPO) market has a current size of approximately $12 billion. Within HR BPO, payroll outsourcing represents the largest segment, with a current market size of $12 billion. Benefits Administration Outsourcing is a crucial segment with a current market size of $7 billion. Recruitment Process Outsourcing (RPO) has a current market size of $10 billion. For its cloud-based Human Capital Management (HCM) platforms, the U.S. human capital management market size was estimated at USD 10.14 billion in 2024 and is projected to reach around USD 24.73 billion by 2034. Furthermore, nearly 2 million companies in the United States collectively spend $13.3 billion on HCM software. The U.S. Payroll and HR Solution and Services Market, which combines these offerings, is expected to grow from USD 9.1 billion in 2024 to USD 45.9 billion by 2032. Regarding payroll services, the market size of Payroll & Bookkeeping Services in the U.S. was $75.1 billion in 2024 and is projected to reach $76.5 billion in 2025. The United States payroll services market is also estimated at USD 8.44 billion in 2025 and is anticipated to reach USD 11.06 billion by 2030.

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Expected Drivers of Future Revenue Growth for Insperity (NSP)

Over the next two to three years, Insperity (NSP) is expected to drive revenue growth through several key initiatives and market dynamics:
  • Growth in Worksite Employees (WSEEs) and Client Acquisition: Despite recent macroeconomic headwinds impacting net hiring in its client base, Insperity's fundamental revenue growth driver remains the increase in the number of average paid worksite employees (WSEEs) and acquiring new clients. The company exited 2025 with a 1.1% increase in average paid WSEEs in Q4 and expects a potential year-over-year change between -1.5% and +1.5% for 2026, aiming to regain growth momentum. High client retention rates, averaging 99% per month in Q3 2025, also contribute to a stable base for growth.
  • Strategic Partnership with Workday and HRScale Solution: A significant future growth driver is Insperity's exclusive strategic partnership with Workday and the rollout of their joint "HRScale" solution. This offering is specifically designed to target mid-market clients, an expansion beyond its traditional small and medium-sized business (SME) focus, and is anticipated to enhance growth potential and client retention in this segment starting in 2026. Insperity views this partnership as a potential "game changer" to elevate its long-term growth trajectory.
  • Pricing Strategy and Increased Revenue per WSEE: Insperity has been actively implementing and adjusting its pricing strategy to manage costs, particularly elevated healthcare benefit expenses, and to increase revenue per worksite employee (WSEE). In Q4 2025, revenue per WSEE increased by 2% due to higher pricing. This ongoing focus on pricing adjustments is a crucial component of future revenue expansion.
  • Launch and Expansion of New HR Solutions (HR360, HRCore): The company is updating its HR solutions portfolio, including offerings like HR360 and HRCore, which are designed to support retention and attract new clients. These solutions align with Insperity's strategy to expand further into the mid-market and provide higher-value HR services. Solid new booked HR360 sales were reported at the end of 2025, indicating potential for these offerings to contribute to growth.

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Share Repurchases

  • In 2025, Insperity repurchased approximately 232,000 shares of its common stock at a cost of $19 million.
  • During 2024, the company repurchased approximately 697,000 shares for $63 million. As of December 31, 2024, approximately 1.45 million shares remained authorized for repurchase under its program.
  • In 2023, Insperity repurchased approximately 1,259,000 shares of common stock at a cost of $131.5 million.

Share Issuance

  • In 2025, a long-term incentive plan was approved for executives, involving the potential award of 400,000 and 100,000 shares, respectively, based on Insperity's share price on June 30, 2030.
  • Phantom stock performance units granted in 2023 under the Long-Term Incentive Program vested over three years, with the final performance conditions certified, leading to conversion into common stock.

Outbound Investments

  • Insperity has invested in a strategic partnership with Workday for the implementation of its HRScale platform, a "significant transformation" aimed at driving growth.
  • The company spent approximately $57 million in 2024 and $48 million in 2025 on this Workday strategic partnership, with these amounts primarily included in operating expenses.
  • The total investment in the Workday platform over a three-year period is approximately $150 million, with expenses related to this partnership expected to decrease to $33 million in 2026.

Capital Expenditures

  • Capital expenditures were $31 million in 2025.
  • Capital expenditures totaled $38 million in 2024.
  • In 2023, capital expenditures amounted to $40.1 million.
  • Expected capital expenditures for 2026 are projected to be between $40 million and $45 million.

Better Bets vs. Insperity (NSP)

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Peer Comparisons

Peers to compare with:

Financials

NSPADPPAYXTNETBBSIRHIMedian
NameInsperityAutomati.Paychex Trinet Barrett .Robert H. 
Mkt Price45.55245.60108.1255.8538.0534.7650.70
Mkt Cap1.798.738.82.61.03.53.0
Rev LTM6,84421,6006,3344,9441,2555,3275,830
Op Inc LTM-165,7272,3372806074177
FCF LTM674,8412,09027819218248
FCF 3Y Avg754,1901,87537233345358
CFO LTM985,4522,32035739267312
CFO 3Y Avg1114,7652,06444949396423

Growth & Margins

NSPADPPAYXTNETBBSIRHIMedian
NameInsperityAutomati.Paychex Trinet Barrett .Robert H. 
Rev Chg LTM3.0%6.9%16.4%-2.4%7.1%-6.1%5.0%
Rev Chg 3Y Avg3.8%6.9%8.9%0.1%5.7%-9.2%4.7%
Rev Chg Q1.7%7.0%19.9%-5.1%4.9%-3.8%3.3%
QoQ Delta Rev Chg LTM0.5%1.8%5.0%-1.3%1.2%-1.0%0.8%
Op Inc Chg LTM-120.8%7.9%3.5%1.1%-0.7%-68.9%0.2%
Op Inc Chg 3Y Avg-69.3%10.0%5.8%-13.2%0.6%-53.6%-6.3%
Op Mgn LTM-0.2%26.5%36.9%5.7%4.8%1.4%5.2%
Op Mgn 3Y Avg1.4%26.2%39.9%7.1%5.1%3.9%6.1%
QoQ Delta Op Mgn LTM-0.1%0.2%-0.2%0.2%-0.2%-0.0%-0.1%
CFO/Rev LTM1.4%25.2%36.6%7.2%3.1%5.0%6.1%
CFO/Rev 3Y Avg1.7%23.5%36.5%9.0%4.4%6.8%7.9%
FCF/Rev LTM1.0%22.4%33.0%5.6%1.5%4.1%4.9%
FCF/Rev 3Y Avg1.1%20.6%33.2%7.4%3.0%5.9%6.7%

Valuation

NSPADPPAYXTNETBBSIRHIMedian
NameInsperityAutomati.Paychex Trinet Barrett .Robert H. 
Mkt Cap1.798.738.82.61.03.53.0
P/S0.34.66.10.50.80.70.7
P/Op Inc-108.217.216.69.415.946.516.3
P/EBIT157.416.116.19.413.946.516.1
P/E-69.222.723.716.523.426.823.1
P/CFO17.718.116.77.424.613.017.2
Total Yield2.5%7.0%8.2%8.1%4.5%10.6%7.5%
Dividend Yield3.9%2.6%4.0%2.0%0.2%6.9%3.3%
FCF Yield 3Y Avg3.5%4.2%4.5%10.3%4.2%6.8%4.4%
D/E0.20.00.10.40.00.10.1
Net D/E-0.10.00.10.2-0.1-0.00.0

Returns

NSPADPPAYXTNETBBSIRHIMedian
NameInsperityAutomati.Paychex Trinet Barrett .Robert H. 
1M Rtn28.7%6.7%7.5%20.5%15.3%11.2%13.2%
3M Rtn66.8%21.5%19.5%51.1%30.2%47.6%38.9%
6M Rtn11.2%-4.4%-0.5%-7.2%2.0%30.6%0.7%
12M Rtn-18.6%-18.2%-22.7%-20.3%-9.6%-8.1%-18.4%
3Y Rtn-54.7%20.5%5.2%-36.2%82.0%-47.9%-15.5%
1M Excs Rtn37.2%8.0%9.7%22.5%18.1%11.1%14.6%
3M Excs Rtn52.3%7.6%5.7%35.9%14.4%29.3%21.9%
6M Excs Rtn14.1%-10.7%-7.5%-10.4%-4.3%23.9%-5.9%
12M Excs Rtn-39.6%-37.9%-43.0%-42.7%-30.5%-31.2%-38.7%
3Y Excs Rtn-126.6%-48.9%-61.5%-109.5%8.4%-116.2%-85.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Human Resources (HR) Solutions6,8126,5816,4865,9394,973
Total6,8126,5816,4865,9394,973


Price Behavior

Price Behavior
Market Price$45.55 
Market Cap ($ Bil)1.7 
First Trading Date01/29/1997 
Distance from 52W High-20.2% 
   50 Days200 Days
DMA Price$34.74$34.54
DMA Trenddownup
Distance from DMA31.1%31.9%
 3M1YR
Volatility80.7%69.2%
Downside Capture-509.4560.73
Upside Capture-85.5822.22
Correlation (SPY)-27.1%8.5%
NSP Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-1.25-1.67-1.57-0.310.490.63
Up Beta0.471.75-0.50-0.180.310.78
Down Beta-2.33-1.14-1.00-0.630.750.47
Up Capture-11%-147%-51%-6%18%12%
Bmk +ve Days11244067140429
Stock +ve Days11223465122371
Down Capture-254%-513%-657%-50%83%96%
Bmk -ve Days10172358112321
Stock -ve Days10192859129379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSP
NSP-20.2%69.1%-0.03-
Sector ETF (XLI)23.4%16.6%1.092.8%
Equity (SPY)20.7%12.5%1.228.3%
Gold (GLD)23.0%27.8%0.73-17.9%
Commodities (DBC)22.9%18.6%0.974.0%
Real Estate (VNQ)13.6%13.8%0.6813.2%
Bitcoin (BTCUSD)-41.8%42.8%-1.144.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSP
NSP-9.8%44.2%-0.09-
Sector ETF (XLI)14.0%17.6%0.6331.6%
Equity (SPY)13.3%17.1%0.6031.2%
Gold (GLD)17.8%18.3%0.79-8.2%
Commodities (DBC)7.6%19.5%0.296.8%
Real Estate (VNQ)3.1%18.9%0.0630.4%
Bitcoin (BTCUSD)13.2%53.5%0.4312.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NSP
NSP4.9%46.6%0.29-
Sector ETF (XLI)14.8%20.0%0.6542.8%
Equity (SPY)15.7%17.9%0.7541.7%
Gold (GLD)11.6%16.1%0.59-4.4%
Commodities (DBC)6.2%18.0%0.2713.9%
Real Estate (VNQ)5.6%20.7%0.2340.3%
Bitcoin (BTCUSD)57.9%66.2%0.9811.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity4.4 Mil
Short Interest: % Change Since 53120265.0%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest5.8 days
Basic Shares Quantity38.0 Mil
Short % of Basic Shares11.6%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/30/2026-19.8%-8.1%3.4%
2/10/2026-10.9%-23.6%-37.2%
11/3/2025-17.9%-27.2%-20.3%
8/1/2025-24.4%-12.3%-7.3%
4/29/2025-14.5%-17.6%-18.3%
2/10/202516.2%26.0%28.8%
10/31/2024-2.9%2.3%-2.8%
8/1/2024-5.2%-10.4%-9.4%
...
SUMMARY STATS   
# Positive91110
# Negative151314
Median Positive8.2%5.7%7.0%
Median Negative-10.9%-12.3%-9.8%
Max Positive16.2%26.0%28.8%
Max Negative-24.4%-27.2%-37.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/30/2026-19.8%-8.1%3.4%
2/10/2026-10.9%-23.6%-37.2%
11/3/2025-17.9%-27.2%-20.3%
8/1/2025-24.4%-12.3%-7.3%
4/29/2025-14.5%-17.6%-18.3%
2/10/202516.2%26.0%28.8%
10/31/2024-2.9%2.3%-2.8%
8/1/2024-5.2%-10.4%-9.4%
5/1/20241.3%2.5%-8.7%
2/8/2024-14.8%-18.2%-10.1%
10/31/20239.7%10.8%16.3%
8/1/2023-16.9%-17.2%-15.3%
4/26/2023-0.3%0.3%-7.0%
2/9/20234.3%7.5%6.5%
10/31/202210.2%5.7%7.5%
8/1/2022-2.0%-1.6%-2.4%
4/26/20228.9%6.9%-5.8%
2/10/2022-15.2%-16.8%-14.1%
11/1/2021-4.6%-5.7%-12.8%
8/2/20211.5%2.9%11.6%
5/3/2021-0.9%-0.7%0.1%
2/11/2021-9.4%-11.4%1.6%
11/2/20208.2%13.5%14.1%
8/3/20202.1%1.3%0.4%
SUMMARY STATS   
# Positive91110
# Negative151314
Median Positive8.2%5.7%7.0%
Median Negative-10.9%-12.3%-9.8%
Max Positive16.2%26.0%28.8%
Max Negative-24.4%-27.2%-37.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/11/202610-K
09/30/202511/04/202510-Q
06/30/202508/01/202510-Q
03/31/202504/29/202510-Q
12/31/202402/11/202510-K
09/30/202410/31/202410-Q
06/30/202408/06/202410-Q
03/31/202405/01/202410-Q
12/31/202302/09/202410-K
09/30/202310/31/202310-Q
06/30/202308/01/202310-Q
03/31/202304/26/202310-Q
12/31/202202/10/202310-K
09/30/202210/31/202210-Q
06/30/202208/02/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/11/202610-K
09/30/202511/04/202510-Q
06/30/202508/01/202510-Q
03/31/202504/29/202510-Q
12/31/202402/11/202510-K
09/30/202410/31/202410-Q
06/30/202408/06/202410-Q
03/31/202405/01/202410-Q
12/31/202302/09/202410-K
09/30/202310/31/202310-Q
06/30/202308/01/202310-Q
03/31/202304/26/202310-Q
12/31/202202/10/202310-K
09/30/202210/31/202210-Q
06/30/202208/02/202210-Q
03/31/202204/26/202210-Q
12/31/202102/11/202210-K
09/30/202111/02/202110-Q
06/30/202108/03/202110-Q
03/31/202105/04/202110-Q
12/31/202002/12/202110-K
09/30/202011/02/202010-Q
06/30/202008/04/202010-Q
03/31/202005/05/202010-Q
12/31/201902/12/202010-K
09/30/201911/04/201910-Q
06/30/201907/29/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Average WSEEs paid0.30 Mil0.30 Mil0.30 Mil-0.2% LoweredGuidance: 0.30 Mil for Q1 2026
Q2 2026 Adjusted EPS0.020.260.5-79.4% LoweredGuidance: 1.26 for Q1 2026
Q2 2026 Adjusted EBITDA18.00 Mil32.00 Mil46.00 Mil-66.7% LoweredGuidance: 96.00 Mil for Q1 2026
2026 Average WSEEs paid0.30 Mil0.30 Mil0.31 Mil-1.6% LoweredGuidance: 0.31 Mil for 2026
2026 Adjusted EPS1.62.12.6-4.8% LoweredGuidance: 2.21 for 2026
2026 Adjusted EBITDA170.00 Mil200.00 Mil230.00 Mil0 AffirmedGuidance: 200.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Average WSEEs paid0.30 Mil0.30 Mil0.30 Mil   
Q1 2026 EPS1.031.261.5-366.3%174.0%Higher NewActual: -0.47 for Q4 2025
Q1 2026 Adjusted EBITDA81.00 Mil96.00 Mil111.00 Mil-13 Higher NewActual: -8.00 Mil for Q4 2025
2026 Average WSEEs paid0.31 Mil0.31 Mil0.31 Mil-0.1% Lower NewActual: 0.31 Mil for 2025
2026 EPS1.692.212.7290.9%105.0%Higher NewActual: 1.16 for 2025
2026 Adjusted EBITDA170.00 Mil200.00 Mil230.00 Mil47.1% Higher NewActual: 136.00 Mil for 2025

Q3 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Average WSEEs paid0.31 Mil0.31 Mil0.32 Mil  Higher New
Q4 2025 Adjusted EPS-0.79-0.47-0.16  Lower New
Q4 2025 Adjusted EBITDA-25.00 Mil-8.00 Mil9.00 Mil  Lower New
2025 Average WSEEs paid0.31 Mil0.31 Mil0.31 Mil-0.4% LoweredGuidance: 0.31 Mil for 2025
2025 Adjusted EPS0.841.161.47-46.5% LoweredGuidance: 2.16 for 2025
2025 Adjusted EBITDA119.00 Mil136.00 Mil153.00 Mil-27.5% LoweredGuidance: 187.50 Mil for 2025

Insider Activity

Updated 6/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy604202634.05233,0007,933,65037,656,304Form
2Sarvadi, Paul JChairman of the Board & CEODirectBuy506202628.73100,0002,873,23620,103,167Form
3Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy319202623.6025,000589,97323,549,655Form
4Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy319202623.22160,0003,715,20022,591,017Form
5Sarvadi, Paul JChairman of the Board & CEODirectBuy319202622.5816,987383,61710,719,464Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy604202634.05233,0007,933,65037,656,304Form
2Sarvadi, Paul JChairman of the Board & CEODirectBuy506202628.73100,0002,873,23620,103,167Form
3Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy319202623.6025,000589,97323,549,655Form
4Sarvadi, Paul JChairman of the Board & CEOSelf, As General Partner of Our Ship Limited Partnership, Ltd.Buy319202623.22160,0003,715,20022,591,017Form
5Sarvadi, Paul JChairman of the Board & CEODirectBuy319202622.5816,987383,61710,719,464Form
6Masterson, Ellen H DirectBuy311202619.901,20023,880417,502Form
7Callens, Christian PSVP Legal, Gen Counsel & SecDirectBuy311202619.281,25024,100570,688Form
8Allison, James DEVP, Finance, CFO & TreasurerDirectBuy311202620.4510,000204,5001,927,862Form
9Mehl, Randall DirectBuy1110202533.881,00033,880870,953Form
10Mehl, Randall DirectBuy1110202534.252,00068,500846,215Form
11Sarvadi, Paul JChairman of the Board & CEODirectSell919202551.9810,850563,97022,246,963Form
12Clifford, Tim DirectBuy818202551.701,935100,0401,184,550Form
13Ramchand, Latha DirectBuy806202550.641,00050,640765,677Form
14Kaufman, Carol R DirectBuy806202545.245,000226,2002,129,311Form
15Mehl, Randall DirectBuy806202545.052,00090,1001,022,950Form
16Masterson, Ellen H DirectBuy806202545.3049022,197896,034Form
17Lumelleau, John L Loretta F. Lumelleau Revocable TrustBuy806202545.365,500249,480249,480Form
18Jones, Eli DirectBuy806202545.412,204100,092583,433Form
19Allison, James DEVP, Finance, CFO & TreasurerDirectBuy806202546.824,000187,2803,020,686Form
Core Cache Last Updated: 7/7/2026