Is the business good?
How good a business is INTU?
Intuit earns 21% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
21%
Return on invested capital · cost of capital 9.0% · 12 points above what the capital costs: growth creates value
- Operating margin
- 27%
Operating margin · Software - Application median 8.2% · 12 months to Q3 2026
- Cash conversion
- 1.69×
Cash conversion · 1.77× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −2.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 28% |
| FY2021 | 26% |
| FY2022 | 20% |
| FY2023 | 22% |
| FY2024 | 22% |
| FY2025 | 26% |
Details›
- Operating margin12 months to Q3 2026
- 27%
- Net margin12 months to Q3 2026
- 22%
- Free cash flow margin
- 37%
- R&D as % of revenue
- 16%
- Revenue, trailing twelve months
- $20.9B
- Free cash flow, trailing twelve months
- $7.72B
- Net income, trailing twelve months
- $4.58B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 21%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #9 of 90 by Smart Score