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Insperity, Inc.

NSP NYSE Categories PDF
Industrials · Staffing & Employment Services · United States · Updated May 11, 1:04pm
$32.85
Price
$1.3B
Market Cap
306,023
Employees
0.62
Beta
Paul J. Sarvadi
CEO
Business Description

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.

Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-182.50
Stock Price: $32.85
EPS (Diluted): -0.18
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
31.99
Stock Price: $32.85
Total Equity: $46.00M
Shares: 38,000,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
31.86
Market Cap: $1.25B
Total Debt: $369.00M
Cash: $642.00M
EBITDA: $35.00M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.3B
Market Cap: $1.25B
Total Debt: $369.00M
Cash: $642.00M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
13.2%
Gross Profit: $900.00M
Revenue: $6.81B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-0.1%
Operating Income: -$10.00M
Revenue: $6.81B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-0.1%
Net Income: -$7.00M
Revenue: $6.81B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-32.1%
Net Income: -$7.00M
Total Equity: $46.00M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-2.6%
Operating Income: -$10.00M
Tax Rate: -75.0%
Equity: $46.00M
Total Debt: $369.00M
Cash: $642.00M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.06
Current Assets: $1.72B
Current Liabilities: $1.62B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
8.02
Short-Term Debt: $0.00
Long-Term Debt: $369.00M
Total Debt: $369.00M
Total Equity: $46.00M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$179.26
Revenue: $6.81B
Shares: 38,000,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.21
Total Equity: $46.00M
Shares: 38,000,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-8.13
Operating CF: -$278.00M
CapEx: -$31.00M
Shares: 38,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
6.1%
Last Dividend: N/A
Stock Price: $32.85
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$7.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NSP against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $5.0B $5.9B $6.5B $6.6B $6.8B
Cost of Revenue $4.2B $4.9B $5.4B $5.5B $5.9B
Gross Profit $820.1M $1.0B $1.0B $1.1B $900.0M
Operating Expenses $646.8M $761.0M $818.0M $935.0M $910.0M
Operating Income $173.3M $250.2M $219.0M $117.0M -$10.0M
Net Income $124.1M $179.4M $171.0M $91.0M -$7.0M
EBITDA $214.3M $300.3M $295.0M $198.0M $35.0M
EPS $3.22 $4.71 $4.53 $2.39 $-0.18
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $575.8M $732.8M $693.0M $1.0B $642.0M
Total Current Assets $1.2B $1.5B $1.6B $2.1B $1.7B
Total Assets $1.8B $2.0B $2.1B $2.6B $2.2B
Current Liabilities $1.1B $1.4B $1.4B $1.9B $1.6B
Long-Term Debt $369.4M $369.4M $369.0M $369.0M $369.0M
Total Liabilities $1.8B $2.0B $2.0B $2.5B $2.2B
Total Equity -$1.8M $81.3M $94.0M $97.0M $46.0M
Retained Earnings $553.6M $655.2M $739.0M $738.0M $638.0M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $260.2M $347.7M $198.5M $520.0M -$278.0M
Capital Expenditure -$32.9M -$30.3M -$40.1M -$38.0M -$31.0M
Free Cash Flow $227.2M $317.4M $158.4M $482.0M -$309.0M
Acquisitions (net) $51,000 $1.8M $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$69.7M -$73.3M -$131.5M -$63.0M -$19.0M
Net Change in Cash $21.1M $174.4M $21.7M $309.0M -$399.0M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $6.8B
$6.8B – $6.9B
 $6.9B
$6.8B – $7.0B
 $7.2B
$7.2B – $7.4B
 $7.6B
$7.6B – $7.6B
EBITDA $237.9M
$236.2M – $240.0M
 $240.2M
$238.5M – $243.0M
 $252.4M
$249.5M – $257.3M
 $265.9M
$265.9M – $266.0M
Net Income $44.2M
$41.9M – $46.5M
 $77.3M
$74.4M – $80.3M
 $106.6M
$94.6M – $118.6M
 $139.7M
$137.2M – $142.2M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +19.4% +9.2% +1.5% +3.5%
Gross Profit Growth +23.3% +2.5% +1.4% -14.4%
Operating Income Growth +44.4% -12.5% -46.6% -108.5%
Net Income Growth +44.5% -4.7% -46.8% -107.7%
EBITDA Growth +40.1% -1.8% -32.9% -82.3%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-05 SARVADI PAUL J P-Purchase 400.00 $30.00 $12,000
2026-05-05 SARVADI PAUL J P-Purchase 49,543.00 $29.26 $1.4M
2026-05-05 SARVADI PAUL J P-Purchase 50,057.00 $28.20 $1.4M
2026-03-19 SARVADI PAUL J P-Purchase 2,009.00 $23.93 $48,075
2026-03-19 SARVADI PAUL J P-Purchase 22,991.00 $23.57 $541,898
2026-03-18 SARVADI PAUL J P-Purchase 160,000.00 $23.22 $3.7M
2026-03-17 SARVADI PAUL J P-Purchase 2,000.00 $22.98 $45,960
2026-03-17 SARVADI PAUL J P-Purchase 14,987.00 $22.53 $337,657
2026-03-11 MASTERSON ELLEN H P-Purchase 1,200.00 $19.90 $23,880
2026-03-11 Callens Christian P P-Purchase 1,250.00 $19.28 $24,100
2026-03-10 ALLISON JAMES D P-Purchase 10,000.00 $20.45 $204,500
2026-03-02 SARVADI PAUL J A-Award 33,835.00 $0.00 $0
2026-03-03 SARVADI PAUL J A-Award 1,384.00 $0.00 $0
2026-03-02 SARVADI PAUL J A-Award 1,560.00 $0.00 $0
2026-03-03 SARVADI PAUL J F-InKind 2,057.00 $21.13 $43,464
2026-03-02 SARVADI PAUL J F-InKind 9,215.00 $22.21 $204,665
2026-03-02 Duffy Sean Patrick A-Award 11,200.00 $0.00 $0
2026-03-02 Duffy Sean Patrick A-Award 151.00 $0.00 $0
2026-03-02 Duffy Sean Patrick F-InKind 659.00 $22.21 $14,636
2026-03-02 Callens Christian P A-Award 14,665.00 $0.00 $0
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-03-06 $0.60 2026-02-18 2026-03-06 2026-03-20
2025-12-09 $0.60 2025-11-21 2025-12-09 2025-12-23
2025-09-04 $0.60 2025-08-20 2025-09-04 2025-09-18
2025-06-06 $0.60 2025-05-22 2025-06-06 2025-06-20
2025-03-13 $0.60 2025-02-27 2025-03-13 2025-03-27
2024-12-10 $0.60 2024-11-22 2024-12-10 2024-12-24
2024-09-05 $0.60 2024-08-21 2024-09-05 2024-09-19
2024-06-07 $0.60 2024-05-23 2024-06-07 2024-06-21
2024-03-06 $0.57 2024-02-22 2024-03-07 2024-03-21
2023-12-01 $0.57 2023-11-16 2023-12-04 2023-12-18
2023-09-07 $0.57 2023-08-24 2023-09-08 2023-09-22
2023-06-07 $0.57 2023-05-24 2023-06-08 2023-06-22
2023-03-09 $0.52 2023-02-24 2023-03-10 2023-03-24
2022-12-05 $0.52 2022-11-18 2022-12-06 2022-12-20
2022-09-08 $0.52 2022-08-25 2022-09-09 2022-09-23
2022-06-08 $0.52 2022-05-25 2022-06-09 2022-06-23
2022-03-09 $0.45 2022-02-24 2022-03-10 2022-03-24
2021-12-03 $2.45 2021-11-22 2021-12-06 2021-12-20
2021-09-09 $0.45 2021-08-26 2021-09-10 2021-09-24
2021-06-09 $0.45 2021-05-26 2021-06-10 2021-06-24
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27