Tearsheet

Insperity (NSP)

Market Price (12/4/2025): $35.76 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Insperity (NSP)

Market Price (12/4/2025): $35.76
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%	Weak multi-year price returns 2Y Excs Rtn is -117%, 3Y Excs Rtn is -140%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x, P/EPrice/Earnings or Price/(Net Income) is 110x
1	Attractive yield Dividend Yield is 3.6%
2	Megatrend and thematic drivers Megatrends include Future of Work. Themes include HR Technology & Outsourcing, Employee Benefits Management, and Workforce Management Solutions.

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%
1	Attractive yield Dividend Yield is 3.6%
2	Megatrend and thematic drivers Megatrends include Future of Work. Themes include HR Technology & Outsourcing, Employee Benefits Management, and Workforce Management Solutions.
3	Weak multi-year price returns 2Y Excs Rtn is -117%, 3Y Excs Rtn is -140%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x, P/EPrice/Earnings or Price/(Net Income) is 110x

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$35.76	$75.43	$111.14	$105.60	$107.66
Market Cap CYE ($ Bil)	1.4	2.9	4.2	4.0	4.1
Total Debt ($ Bil)	0.4	0.4	0.4	0.4	0.4
Total Cash ($ Bil)	0.4	1.1	0.7	0.8	0.6
Enterprise Value ($ Bil)	1.4	3.3	4.6	4.4	4.5
Valuation Ratios
P/S TTM	0.3	0.5	0.7	0.7	0.9
P/EBIT TTM	34.4	19.1	17.7	16.7	25.8
P/E TTM	109.3	32.4	26.1	24.1	36.6
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	12.9	11.8	11.5	9.2	12.3
P/E TTM (Sector)	17.6	16.5	15.4	12.2	16.4

	12/4/25	2024	2023
Share Price CYE	$35.76	$75.43	$111.14
Market Cap CYE ($ Bil)	1.4	2.9	4.2
Total Debt ($ Bil)	0.4	0.4	0.4
Total Cash ($ Bil)	0.4	1.1	0.7
Enterprise Value ($ Bil)	1.4	3.3	4.6
Valuation Ratios
P/S TTM	0.3	0.5	0.7
P/EBIT TTM	34.4	19.1	17.7
P/E TTM	109.3	32.4	26.1
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	12.9	11.8	11.5
P/E TTM (Sector)	17.6	16.5	15.4

	NSP	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	6.8
Rev Chg Q	4.0%	7.1%
Rev Chg LTM	3.2%	6.1%
Rev Chg 3Y Avg	5.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	0.3%	18.8%
CFO/Rev LTM	1.3%	20.5%
Net Inc Mgn	0.3%	13.1%
VALUATION	MODERATE
P/S	0.3	3.2
P/CFO	21.6	15.8
P/FCF	36.4	20.5
P/E	109.3	23.5
STABILITY	VERY GOOD
Debt/Equity	0.23	0.20
Cash/Assets	0.22	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Average Number of Worksite Employees Paid per Month	312842	11042025	Link
Client Retention Rate per Month	99%	11042025	Link
Gross Profit per Worksite Employee per Month	208	11042025	Link

Upcoming
12/09/2025	Dividend	Amount: $0.60 Payment On: 12/23/2025
2/09/2026	Earnings Release	Rev: - EPS: -

NSP Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

The requested time period for Insperity (NSP) stock movement, from August 31, 2025, to December 4, 2025, pertains to future dates. As an AI, I do not have access to future market data or events, and therefore cannot provide an explanation for a hypothetical future stock movement.

Stock Movement Drivers

Fundamental Drivers

The -34.9% change in NSP stock from 9/3/2025 to 12/3/2025 was primarily driven by a -57.9% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	55.27	35.97	-34.92%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6695.00	6757.00	0.93%
Net Income Margin (%)	0.60%	0.25%	-57.89%
P/E Multiple	52.51	80.40	53.13%
Shares Outstanding (Mil)	38.00	38.00	0.00%
Cumulative Contribution			-34.92%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
NSP	-34.9%
Market (SPY)	6.2%	31.4%
Sector (XLI)	2.9%	29.8%

Fundamental Drivers

The -42.4% change in NSP stock from 6/4/2025 to 12/3/2025 was primarily driven by a -73.5% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	62.49	35.97	-42.44%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6642.00	6757.00	1.73%
Net Income Margin (%)	0.95%	0.25%	-73.48%
P/E Multiple	37.69	80.40	113.31%
Shares Outstanding (Mil)	38.00	38.00	0.00%
Cumulative Contribution			-42.44%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
NSP	-42.4%
Market (SPY)	15.1%	37.3%
Sector (XLI)	7.6%	33.9%

Fundamental Drivers

The -54.3% change in NSP stock from 12/3/2024 to 12/3/2025 was primarily driven by a -86.2% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	78.65	35.97	-54.27%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6548.00	6757.00	3.19%
Net Income Margin (%)	1.82%	0.25%	-86.16%
P/E Multiple	25.12	80.40	220.13%
Shares Outstanding (Mil)	38.00	38.00	0.00%
Cumulative Contribution			-54.27%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
NSP	-54.3%
Market (SPY)	14.3%	29.6%
Sector (XLI)	9.8%	32.0%

Fundamental Drivers

The -67.3% change in NSP stock from 12/4/2022 to 12/3/2025 was primarily driven by a -90.4% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	109.93	35.97	-67.28%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5740.34	6757.00	17.71%
Net Income Margin (%)	2.63%	0.25%	-90.43%
P/E Multiple	27.70	80.40	190.23%
Shares Outstanding (Mil)	38.02	38.00	0.04%
Cumulative Contribution			-67.28%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
NSP	-67.7%
Market (SPY)	53.2%	29.5%
Sector (XLI)	45.4%	34.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NSP Return	-3%	50%	-2%	5%	-32%	-54%	-53%
Peers Return	31%	29%	-22%	11%	6%	-23%	20%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
NSP Win Rate	67%	67%	50%	50%	25%	20%
Peers Win Rate	68%	60%	42%	53%	57%	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
NSP Max Drawdown	-69%	-5%	-28%	-16%	-37%	-58%
Peers Max Drawdown	-40%	-12%	-33%	-19%	-14%	-25%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADP, WDAY, PAYX, PAYC, ASGN. 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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	NSP	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-34.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	51.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	410 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-72.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	259.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	358 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-52.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	111.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-80.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	407.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2737 days	1480 days

Compare to ADP, WDAY, PAYX, PAYC, ASGN

In The Past

Insperity's stock fell -34.0% during the 2022 Inflation Shock from a high on 11/1/2021. A -34.0% loss requires a 51.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Insperity (NSP)

Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services. It also provides Insperity Premier, a cloud-based human capital management platform that offers professional employer organization HR outsourcing solutions to its clients; personnel record management services; and employer liability management services, as well as solutions for middle market. In addition, the company offers MarketPlace, an e-commerce portal that offers a range of products and services; and Workforce Acceleration, a human capital management and payroll services solution; time and attendance; performance management; organizational planning; recruiting; employment screening; retirement; and insurance services. As of December 31, 2021, it operated through 85 sales offices in the United States. The company was formerly known as Administaff, Inc. and changed its name to Insperity, Inc. in March 2011. The company was founded in 1986 and is headquartered in Kingwood, Texas.

AI Generated Analysis | Feedback

Think of them as **ADP for your entire HR department**, handling everything from payroll to benefits and compliance for small businesses.
They are like the **'Office 365 for HR,'** providing businesses a complete suite of HR, payroll, and benefits management.
Imagine **Stripe, but for all your HR needs** – simplifying complex payroll, benefits, and compliance for businesses.

AI Generated Analysis | Feedback

Insperity (NSP) primarily offers the following services:

Professional Employer Organization (PEO) Services: Provides comprehensive HR outsourcing to small and medium-sized businesses, including payroll, employee benefits, HR compliance, workers' compensation, and HR administration.
HR Solutions: Offers a range of standalone human resources services such as HR consulting, recruiting, performance management, and time and attendance solutions.

AI Generated Analysis | Feedback

Company: Insperity (NSP)

Insperity (NSP) primarily sells its comprehensive human resources and business solutions to other companies. It operates as a professional employer organization (PEO), offering services such as HR administration, payroll processing, employee benefits, workers' compensation, and HR compliance to its clients.

Insperity's target market consists overwhelmingly of small and medium-sized businesses (SMBs) across a wide array of industries within the United States. Due to the highly diversified nature of its business model, Insperity serves tens of thousands of individual client companies. As a result, no single customer or small group of customers constitutes a "major customer" representing a material portion of Insperity's consolidated revenues.

Therefore, Insperity does not have publicly identified major customer companies in the traditional sense, as its revenue is spread across a large volume of SMB clients rather than concentrated with a few large enterprises.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Paul J. Sarvadi, Chairman and Chief Executive Officer

Paul J. Sarvadi co-founded Insperity in 1986, helping to create the human resources (HR) outsourcing industry. Prior to Insperity, he started and operated several small companies. He has served as Chairman of the Board and CEO since 1989. Sarvadi is the author of "Take Care of Your People: The Enlightened CEO's Guide to Business Success" and was inducted into the Texas Business Hall of Fame in 2007. He attended Rice University and the University of Houston.

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

Jim Allison was appointed Chief Financial Officer in November 2024, succeeding Douglas S. Sharp. He joined Insperity in 1997 and has held various roles of increasing responsibility in the finance department. Before his promotion to CFO, he served as Executive Vice President of Comprehensive Benefit Solutions and Chief Profitability Officer. Prior to joining Insperity, Allison worked in the audit practice of Ernst & Young LLP. He is a Certified Public Accountant and holds a bachelor's degree in business administration and a master's degree in professional accounting from the University of Texas.

A. Steve Arizpe, President and Chief Operating Officer

Steve Arizpe joined Insperity in 1989 as the Houston sales manager. He has served in a variety of leadership positions within the company, including regional sales manager, national sales manager, vice president of sales, and executive vice president of client services. In his current role, he is responsible for strategic leadership in sales, marketing, human resources, client services, traditional employment solutions, and information technology.

Kathy Johnson, Executive Vice President, Strategic Development

Kathy Johnson joined Insperity in 2002 and has held diverse leadership roles across operations, sales, and technology. Her previous position was senior vice president of middle market operations, where she oversaw both sales and operations for the company's largest customer segments. As Executive Vice President of Strategic Development, she focuses on the development and execution of the company's long-range strategies and growth initiatives, including data and analytics strategy, Enterprise Analytics, and Corporate Communications.

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

Christian P. Callens has served as Senior Vice President, Legal, General Counsel & Secretary since January 2024. He joined Insperity in January 2014 as Managing Counsel and Assistant Secretary, leading the Transactions and Corporate Law Practice Group. He was promoted to Deputy General Counsel, Managing Counsel & Assistant Secretary in October 2022. Before his tenure at Insperity, 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.

AI Generated Analysis | Feedback

The rapid advancement and adoption of integrated HR technology platforms (SaaS) and artificial intelligence (AI) tools represent a clear emerging threat. These solutions offer increasingly comprehensive and automated capabilities for payroll, benefits administration, HR compliance, talent management, and employee self-service. Companies like Rippling and Gusto, alongside established players such as ADP and Paychex enhancing their tech stacks with AI, provide integrated platforms that allow small and medium-sized businesses (SMBs) to manage many HR functions internally with greater efficiency and often at a lower cost. This trend threatens to "unbundle" or diminish the perceived value of full-service Professional Employer Organizations (PEOs) like Insperity, as SMBs gain access to sophisticated, user-friendly tools that can replicate or improve upon many administrative and advisory services historically provided by PEOs. This parallels the shift from Blockbuster's physical rentals to Netflix's streaming model, where a technology-driven, self-service alternative provides a more efficient and flexible solution.

AI Generated Analysis | Feedback

Insperity (NSP) primarily operates within the Professional Employer Organization (PEO) model, providing comprehensive human resources (HR) solutions to small and medium-sized businesses, predominantly in the United States. Their core offerings include payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

Addressable Market Sizes:

Professional Employer Organization (PEO) Industry (U.S.): The market size for the Professional Employer Organizations industry in the United States is projected to be $196.7 billion in 2025. Another source indicates the U.S. PEO Services Market was valued at $174.70 million in 2024 and is projected to reach $420.10 million by 2032. The PEO industry was also reported to generate $358 billion in revenue, growing quickly since 2012. In the U.S., PEOs serve over 200,000 businesses employing 4.5 million people.
HR Outsourcing (HRO) Market (U.S. & Global): The global HR Outsourcing Market was valued at approximately $31.2 billion in 2024 and is projected to reach $56.4 billion by 2034, with a compound annual growth rate (CAGR) of 6.1%. North America held a dominant share of this market, capturing more than 37% and $11.54 billion in revenue in 2024. Another report states the global HRO market size was valued at $66.23 billion in 2024 and is projected to reach $170.8 billion by 2033. The U.S. HR outsourcing market alone generated $10.8 billion in 2024. Other sources estimate the global HR Outsourcing Market at $42.455.08 million in 2024, anticipated to reach $68,978.07 million by 2032. North America leads the HR outsourcing market, accounting for 42.6% of the global share in 2024. The market is also projected to grow from $19.97 billion in 2024 to $36.68 billion by 2032 globally.
Human Resource Consulting Market (U.S. & Global): The global Human Resource Consulting Market size is estimated at $73.75 billion in 2024 and is expected to reach $104.02 billion by 2029. Another estimate places the global market at $79.03 billion in 2025, reaching $111.43 billion by 2030. North America held a significant share in the HR consulting market in 2023, and the United States has a robust industry. The U.S. human resource professional service market size was $1.71 billion in 2024 and is projected to be around $6.20 billion by 2034. The global human resource professional service market is valued at $7.40 billion in 2025 and is projected to reach $23.13 billion by 2034.

AI Generated Analysis | Feedback

Insperity (NSP) is anticipated to drive future revenue growth over the next two to three years through several key initiatives and market dynamics:

Rollout and Adoption of HRScale: Insperity's strategic joint solution with Workday, branded as HRScale, is positioned as a significant catalyst for future growth. This offering specifically targets the underserved mid-market segment and is expected to drive large client sales and enhance client retention.
Strategic Pricing Increases: To counteract elevated healthcare costs and improve profitability, Insperity is implementing pricing increases for both new and renewing clients. These carefully calibrated adjustments are designed to maintain competitiveness while contributing to a significant profitability rebound in 2026.
Growth in Average Paid Worksite Employees (WSEEs): The company aims for continued expansion in its average number of paid worksite employees. This growth is expected to be fueled by new sales, strong client retention, and net hiring within existing client bases. Insperity reported a 1% year-over-year increase in WSEEs in Q3 2025.
Benefits from the New UnitedHealthcare Contract: The recently extended contract with UnitedHealthcare through 2028 is projected to yield substantial cost savings and foster strategic alignment. While directly impacting cost management, these savings can indirectly support revenue growth by enabling more flexible pricing strategies or allowing for increased investment in growth-oriented initiatives.

AI Generated Analysis | Feedback

Share Repurchases

Insperity repurchased 671,468 shares in 2022 and 424,509 shares in 2021.
In the first half of 2025, $19 million was utilized for share repurchases, and an additional 45,000 shares were repurchased in Q3 2025.
As of August 2023, the share repurchase authorization was increased by 2 million shares, representing approximately 5.25% of current shares outstanding. As of Q3 2025, 1,407,764 shares remained under authorization.

Share Issuance

The number of outstanding shares was approximately 37,289,427 as of February 1, 2024, and 37,704,152 as of October 27, 2025.

Outbound Investments

Insperity has a strategic partnership with Workday, Inc. to jointly develop, market, and sell a new full-service human resources solution for small and midsize businesses.
The company invested approximately $57 million in the Workday strategic partnership in 2024.
In Q2 2025, $14 million was invested in the Workday strategic partnership, followed by $11 million in Q3 2025.

Capital Expenditures

Capital expenditures experienced significant increases, with capex per share reaching $2.55 in 2020.
A primary focus of capital expenditures includes upgrading technology infrastructure to enhance service delivery and client experience.

Better Bets than Insperity (NSP)

	NSP	Better Performance than NSP
Metric	Value	INDUSTRY: Human Resource & Employment Services
Rev Chg LTM	3.2%	PCTY (13.3%), DAY (11.7%), PAYC (9.7%), ADP (7.1%), PAYX (5.6%)
Rev Chg 3Y Avg	5.7%	PCTY (21.4%), DAY (16.7%), PAYC (16.0%), ADP (7.4%), PAYX (6.5%)
Op Mgn LTM	0.3%	PAYX (39.6%), PAYC (27.9%), ADP (26.2%), PCTY (19.1%), DAY (7.0%)
CFO/Rev LTM	1.3%	PAYX (34.1%), PAYC (32.1%), PCTY (25.2%), ADP (22.8%), DAY (14.5%)
FCF/Rev LTM	0.8%	PAYX (30.7%), PCTY (20.5%), ADP (20.1%), PAYC (19.5%), DAY (8.8%)
Total Yield	4.5%	KFY (8.0%), PAYX (6.8%), TNET (5.7%), ADP (5.5%), PAYC (4.6%)
P/S	0.3	MAN (0.1), KELYA (0.1), TBI (0.1), JOB (0.2), ATLN (0.2)
P/Op Inc	89.0	PAYX (20.7), PAYC (20.9), ADP (21.7), PCTY (28.2), DAY (83.2)

	NSP	Better Performance than NSP
Metric	Value	SECTOR: Industrials
Rev Chg LTM	3.2%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	5.7%	UBER (19.6%), GE (15.7%), BA (10.1%), RTX (9.4%), CAT (5.8%)
Op Mgn LTM	0.3%	GE (20.5%), CAT (18.2%), RTX (10.3%), UBER (9.2%), GEV (3.7%)
CFO/Rev LTM	1.3%	UBER (18.1%), CAT (18.0%), GE (17.2%), RTX (9.3%), GEV (9.1%)
FCF/Rev LTM	0.8%	UBER (17.5%), GE (14.7%), CAT (12.3%), GEV (6.6%), RTX (5.5%)
Total Yield	4.5%	UBER (8.1%), UNP (7.3%), HON (6.8%), CAT (6.7%), DE (5.0%)
P/S	0.3	MAN (0.1), AAL (0.1), JBLU (0.2), HTZ (0.2), ULCC (0.3)
P/Op Inc	89.0	UNP (14.0), CAT (15.8), RTX (25.5), GE (35.3), UBER (44.8)

	NSP	Better Performance than NSP
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	3.2%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	5.7%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%)
Op Mgn LTM	0.3%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	1.3%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	0.8%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	4.5%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%)
P/S	0.3	CAH (0.2), COR (0.2), CVS (0.2), MCK (0.2), F (0.3)
P/Op Inc	89.0	GOOGL (23.7), MSFT (28.3), AAPL (29.1), AMZN (30.7), NVDA (40.1)

		Best Bets In Industrials Sector
	NSP
What You Pay
P/E	110.0
P/EBIT	34.6
What You Get
Rev Chg Q	4.0%
Rev Chg LTM	3.2%
Rev Chg 3Y Avg	5.7%
FCF/Rev 3Y Avg	1.5%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Insperity Stock Dips 22% In One Month, Now Is Not The Time To Buy The Stock	Buy or Fear
2	Can Insperity Stock Recover If Markets Fall?	Return
3	Insperity Earnings Notes
4	Insperity vs Apple: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Insperity vs RTX: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Insperity vs Automatic Data Processing: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	null
8	Better Bet Than NSP Stock: Pay Less Than Insperity To Get More From GOOGL, V
9	Better Bet Than NSP Stock: Pay Less Than Insperity To Get More From GD, TDG
10	NSP Dip Buy Analysis
11	ARTICLES
12	Insperity Stock To $37?		November 5th, 2025
13	Insperity Stock To $37?		November 5th, 2025
14	Market Movers \| Winners: WK, ATEC, APPF \| Losers: FLR, NSP, ENVX		August 2nd, 2025
15	ITT, Clean Harbors, Insperity: Industrial Stocks To Play The Recovery		August 19th, 2020
16	Why Insperity Stock Tanked 33% On Monday		November 5th, 2019

	Title
0	DASHBOARDS
1	Insperity Stock Dips 22% In One Month, Now Is Not The Time To Buy The Stock
2	Can Insperity Stock Recover If Markets Fall?
3	Insperity Earnings Notes
4	Insperity vs Apple: Which Is A Better Investment?
5	Insperity vs RTX: Which Is A Better Investment?
6	Insperity vs Automatic Data Processing: Which Is A Better Investment?
7	null
8	Better Bet Than NSP Stock: Pay Less Than Insperity To Get More From GOOGL, V
9	Better Bet Than NSP Stock: Pay Less Than Insperity To Get More From GD, TDG
10	NSP Dip Buy Analysis
11	ARTICLES
12	Insperity Stock To $37?
13	Insperity Stock To $37?
14	Market Movers \| Winners: WK, ATEC, APPF \| Losers: FLR, NSP, ENVX
15	ITT, Clean Harbors, Insperity: Industrial Stocks To Play The Recovery
16	Why Insperity Stock Tanked 33% On Monday

Trade Ideas

Select past ideas related to NSP. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
NSP_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	NSP	Insperity	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	77.3%	129.6%	-16.8%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
NSP_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	NSP	Insperity	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	77.3%	129.6%	-16.8%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Insperity

Peers to compare with:

Financials

	NSP	ADP	WDAY	PAYX	PAYC	ASGN	Median
Name	Insperity	Automati.	Workday	Paychex	Paycom S.	ASGN
Mkt Price	35.97	260.22	214.84	113.39	164.56	45.43	138.97
Mkt Cap	1.4	105.4	57.3	40.9	9.2	2.0	25.1
Rev LTM	6,757	20,903	8,959	5,572	2,001	3,985	6,164
Op Inc LTM	21	5,472	778	2,208	558	248	668
FCF LTM	51	4,210	2,392	1,709	390	283	1,050
FCF 3Y Avg	99	3,846	2,023	1,670	331	347	1,008
CFO LTM	86	4,758	2,591	1,901	643	326	1,272
CFO 3Y Avg	137	4,410	2,262	1,835	543	386	1,189

Growth & Margins

	NSP	ADP	WDAY	PAYX	PAYC	ASGN	Median
Name	Insperity	Automati.	Workday	Paychex	Paycom S.	ASGN
Rev Chg LTM	3.2%	7.1%	13.9%	5.6%	9.7%	-4.9%	6.3%
Rev Chg 3Y Avg	5.7%	7.4%	16.5%	6.5%	16.0%	-3.8%	7.0%
Rev Chg Q	4.0%	7.1%	12.6%	10.2%	9.2%	-1.9%	8.1%
QoQ Delta Rev Chg LTM	0.9%	1.7%	3.0%	2.4%	2.1%	-0.5%	1.9%
Op Mgn LTM	0.3%	26.2%	8.7%	39.6%	27.9%	6.2%	17.4%
Op Mgn 3Y Avg	2.2%	25.8%	4.1%	40.5%	29.3%	7.3%	16.6%
QoQ Delta Op Mgn LTM	-0.4%	-0.1%	1.3%	-1.9%	-0.2%	-0.2%	-0.2%
CFO/Rev LTM	1.3%	22.8%	28.9%	34.1%	32.1%	8.2%	25.8%
CFO/Rev 3Y Avg	2.1%	22.5%	28.7%	34.7%	29.8%	9.1%	25.6%
FCF/Rev LTM	0.8%	20.1%	26.7%	30.7%	19.5%	7.1%	19.8%
FCF/Rev 3Y Avg	1.5%	19.6%	25.6%	31.6%	18.2%	8.2%	18.9%

Valuation

	NSP	ADP	WDAY	PAYX	PAYC	ASGN	Median
Name	Insperity	Automati.	Workday	Paychex	Paycom S.	ASGN
Mkt Cap	1.4	105.4	57.3	40.9	9.2	2.0	25.1
P/S	0.3	5.7	7.1	8.2	5.8	0.5	5.8
P/EBIT	34.6	20.4	73.7	20.0	19.0	8.3	20.2
P/E	110.0	28.7	109.8	27.6	25.8	15.8	28.2
P/CFO	21.7	25.0	24.7	24.0	18.2	6.3	22.9
Total Yield	4.5%	5.5%	0.9%	6.8%	4.6%	6.3%	5.1%
Dividend Yield	3.6%	2.1%	0.0%	3.2%	0.7%	0.0%	1.4%
FCF Yield 3Y Avg	3.0%	3.5%	3.3%	3.7%	2.9%	10.8%	3.4%
D/E	0.2	0.1	0.1	0.1	0.0	0.6	0.1
Net D/E	-0.0	0.0	-0.1	0.1	-0.0	0.5	0.0

Returns

	NSP	ADP	WDAY	PAYX	PAYC	ASGN	Median
Name	Insperity	Automati.	Workday	Paychex	Paycom S.	ASGN
1M Rtn	-20.2%	1.2%	-9.6%	-0.5%	-10.8%	2.2%	-5.1%
3M Rtn	-34.9%	-12.5%	-8.0%	-15.6%	-25.5%	-15.3%	-15.5%
6M Rtn	-42.4%	-19.4%	-13.9%	-27.6%	-37.6%	-14.0%	-23.5%
12M Rtn	-54.3%	-12.5%	-16.4%	-19.1%	-27.9%	-49.7%	-23.5%
3Y Rtn	-67.3%	2.8%	25.6%	-1.4%	-50.6%	-48.3%	-24.9%
1M Excs Rtn	-20.2%	1.2%	-9.6%	-0.5%	-10.7%	2.2%	-5.0%
3M Excs Rtn	-40.7%	-18.5%	-12.4%	-22.0%	-31.9%	-18.7%	-20.4%
6M Excs Rtn	-57.2%	-34.1%	-28.6%	-42.3%	-52.3%	-28.7%	-38.2%
12M Excs Rtn	-66.3%	-27.0%	-27.6%	-33.6%	-42.1%	-63.9%	-37.8%
3Y Excs Rtn	-139.6%	-65.4%	-24.9%	-69.7%	-121.2%	-121.3%	-95.5%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/4/2025	2/11/2025	2/9/2024	2/10/2023	2/11/2022	2/12/2021	2/12/2020
Key Financials
Total Revenue	6,757	6,581	6,486	5,939	4,973	4,287	4,315
EBITDA	98	198	295	300	214	228	226
Operating Income	21	117	219	250	173	195	187
Net Income	17	91	171	179	124	138	151
EPS	0.48	2.44	4.53	4.70	3.22	3.57	3.72
Growth Rates
Total Revenue Growth	3.2%	1.5%	9.2%	19.4%	16.0%	-0.6%	12.7%
EBITDA Growth	-58.3%	-32.9%	-1.7%	40.0%	-6.2%	1.1%	7.7%
Operating Income Growth	-86.5%	-46.6%	-12.4%	44.2%	-11.0%	4.3%	4.2%
Net Income Growth	-85.7%	-46.8%	-4.5%	44.3%	-10.2%	-8.5%	11.6%
Margins
EBITDA Margin	1.5%	3.0%	4.5%	5.1%	4.3%	5.3%	5.2%
Operating Income Margin	0.3%	1.8%	3.4%	4.2%	3.5%	4.5%	4.3%
Net Income Margin	0.3%	1.4%	2.6%	3.0%	2.5%	3.2%	3.5%
Cash & Debt
Total Cash	440	1,055	709	766	608	589	402
Total Debt	436	435	427	425	434	434	328
Net Debt / (Cash)	-4	-620	-282	-341	-174	-156	-74
Cash Flows
Net Cash from Operations	86	520	198	347	260	346	205
Free Cash from Operations	51	482	158	317	227	248	149
Returns to Shareholders
Dividends	90	89	84	77	144	62	49
Share Repurchases	30	63	131	73	70	99	203

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/4/2025	8/1/2025	4/29/2025	2/11/2025	10/31/2024	8/6/2024	5/1/2024	2/9/2024	10/31/2023	8/1/2023	4/26/2023	2/10/2023
Key Financials Quarterly
Total Revenue	1,623	1,658	1,863	1,613	1,561	1,605	1,802	1,580	1,551	1,585	1,770	1,490
Ebitda	-7	11	89	5	21	43	129	42	79	34	140	66
Operating Income	-25	-7	68	-15	1	23	108	23	59	16	121	51
Net Income	-20	-5	51	-9	3	18	79	19	45	12	95	38
EPS	-0.53	-0.14	1.37	-0.22	0.07	0.48	2.11	0.52	1.17	0.34	2.49	1.01
Key Financials TTM
Total Revenue TTM	6,757	6,695	6,642	6,581	6,548	6,538	6,518	6,486	6,396	6,284	6,131	5,939
Ebitda TTM	98	126	158	198	235	293	284	295	319	306	331	300
Operating Income TTM	21	47	77	117	155	213	206	219	247	240	273	250
Net Income TTM	17	40	63	91	119	161	155	171	190	183	204	179
Growth Rates Quarterly
Total Revenue Growth	4.0%	3.3%	3.4%	2.1%	0.6%	1.3%	1.8%	6.0%	7.8%	10.7%	12.2%	15.4%
EBITDA Growth	-133.3%	-74.4%	-31.0%	-88.1%	-73.4%	26.5%	-7.9%	-36.7%	20.6%	-42.8%	28.8%	157.9%
Operating Income Growth	-2600.0%	-130.4%	-37.0%	-165.2%	-98.3%	43.8%	-10.7%	-54.6%	12.1%	-66.9%	23.0%	244.9%
Net Income Growth	-766.7%	-127.8%	-35.4%	-147.4%	-93.3%	50.0%	-16.8%	-49.8%	19.5%	-64.3%	35.9%	289.9%
Margins Quarterly
EBITDA Margin	-0.4%	0.7%	4.8%	0.3%	1.3%	2.7%	7.2%	2.7%	5.1%	2.1%	7.9%	4.5%
Operating Income Margin	-1.5%	-0.4%	3.7%	-0.9%	0.1%	1.4%	6.0%	1.5%	3.8%	1.0%	6.8%	3.4%
Net Income Margin	-1.2%	-0.3%	2.7%	-0.6%	0.2%	1.1%	4.4%	1.2%	2.9%	0.8%	5.4%	2.5%
Cash & Debt
Total Cash	440	456	568	1,055	486	692	683	709	692	616	732	766
Total Debt	436	436	436	435	435	424	425	427	421	419	421	425
Net Debt / (Cash)	-4	-20	-132	-620	-51	-268	-258	-282	-271	-197	-311	-341
Cash Flows Quarterly
FCF from Operations	-11	-79	-443	619	-150	20	31	58	210	-110	40	225
Cash Flows TTM
FCF from Operations TTM	86	-53	46	520	-41	319	189	198	365	254	328	347
Returns to Shareholders Quarterly
Dividends	23	22	23	22	23	23	21	21	21	22	20	20
Share Repurchases	-0	-0	19	11	15	14	23	-0	86	10	35	10
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Human Resources (HR) Solutions	6,486	5,939	4,973	4,287	4,315
Total	6,486	5,939	4,973	4,287	4,315

Price Behavior

Price Behavior

Market Price	$35.97
Market Cap ($ Bil)	1.4
First Trading Date	01/29/1997
Distance from 52W High	-60.8%
	50 Days	200 Days
DMA Price	$41.72	$60.32
DMA Trend	down	down
Distance from DMA	-13.8%	-40.4%
	3M	1YR
Volatility	51.1%	51.9%
Downside Capture	256.70	128.52
Upside Capture	-13.92	34.82
Correlation (SPY)	30.6%	29.4%

NSP Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.89	1.17	1.33	1.89	0.78	0.82
Up Beta	-0.41	0.88	1.41	1.53	0.83	0.97
Down Beta	0.33	1.50	1.34	3.27	0.61	0.65
Up Capture	109%	-22%	-13%	32%	25%	20%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	7	16	25	53	112	372
Down Capture	348%	206%	232%	225%	116%	103%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	26	38	73	137	379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of NSP With Other Asset Classes (Last 1Y)
	NSP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-52.5%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	51.7%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-1.24	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		31.6%	29.6%	0.2%	15.6%	30.5%	11.7%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of NSP With Other Asset Classes (Last 5Y)
	NSP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-14.3%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	37.9%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.30	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		45.2%	41.1%	0.8%	8.6%	38.1%	18.3%

Based On 10-Year Data

		Comparison of NSP With Other Asset Classes (Last 10Y)
	NSP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.3%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	43.7%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.33	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		47.9%	46.0%	-1.0%	15.2%	43.7%	12.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,936,032
Short Interest: % Change Since 10312025	4.9%
Average Daily Volume	1,219,045
Days-to-Cover Short Interest	2.41
Basic Shares Quantity	38,000,000
Short % of Basic Shares	7.7%

Returns Analyses

	Title
0	Can Insperity Stock Recover If Markets Fall?
1	Insperity Stock Return Comparison
2	[10/14/2021] Insperity (NSP) Stock Price Forecast: AI Forecasts NSP Stock Price To Be Around $120.50 In A Month (Up 2.5%)
3	Insperity (NSP) Stock Return: AI Predicts NSP Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11042025	10-Q 9/30/2025
6302025	8012025	10-Q 6/30/2025
3312025	4292025	10-Q 3/31/2025
12312024	2112025	10-K 12/31/2024
9302024	10312024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5012024	10-Q 3/31/2024
12312023	2092024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	8012023	10-Q 6/30/2023
3312023	4262023	10-Q 3/31/2023
12312022	2102023	10-K 12/31/2022
9302022	10312022	10-Q 9/30/2022
6302022	8022022	10-Q 6/30/2022
3312022	4262022	10-Q 3/31/2022
12312021	2112022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Insperity (NSP)

Market Price (12/4/2025): $35.76 | Market Cap: $1.4 BilSector: Industrials | Industry: Human Resource & Employment Services

Insperity (NSP)

Market Price (12/4/2025): $35.76Market Cap: $1.4 BilSector: IndustrialsIndustry: Human Resource & Employment Services

Valuation, Metrics & Events

NSP Stock

Why The Stock Moved

Qualitative Assessment

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About Insperity (NSP)

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Market Price (12/4/2025): $35.76 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Market Price (12/4/2025): $35.76
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Human Resource & Employment Services