Insperity, Inc.
NSP Industrials Staffing & Employment Services
Insperity, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 3.51% from fiscal 2024. In the quarter to June 2026, revenue grew 1.69%, EPS grew 171.4%, free cash flow grew 147.7% and total debt rose 13.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Insperity, Inc. (NSP) Altman Z-score
Insperity, Inc.'s Altman Z-score for fiscal 2025 is 3.95, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.95 | 0.09 |
| FY2024 | 3.86 | (1.44) |
| FY2023 | 5.30 | 0.11 |
| FY2022 | 5.18 | (0.05) |
| FY2021 | 5.24 | 0.27 |
| FY2020 | 4.97 | (0.65) |
| FY2019 | 5.62 | (0.72) |
| FY2018 | 6.34 | 0.97 |
| FY2017 | 5.37 | 0.22 |
| FY2016 | 5.16 | (0.08) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.05 | — | 0.06 | |
| Retained earnings / total assets | 0.29 | — | 0.41 | |
| EBIT / total assets | 0.00 | — | −0.01 | |
| Market value of equity / total liabilities | 0.68 | — | 0.41 | |
| Sales / total assets | 3.09 | — | 3.09 | |
| Altman Z-score | Safe zone | 3.95 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.24 | ||
Z and Z″ put Insperity, Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KFRC Kforce, Inc. compare | 7.9× |
| NSP Insperity, Inc. | 3.9× |
| BBSI Barrett Business Services, Inc. compare | 3.4× |
| KFY Korn/Ferry International compare | 2.9× |
| MAN ManpowerGroup Inc. compare | 2.8× |
| KELYB Kelly Services, Inc. compare | 2.8× |
| TNET TriNet Group, Inc. compare | 1.6× |
| HHR HeadHunter Group PLC Sponsored ADR compare | — |
| RHI Robert Half Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets