INTUIntuit
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (2.0×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Margin-driven, fat margins on slower asset turns. ROE 23% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
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.
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 6.4% · 12 months to Q4 2026
- Cash conversion
- 1.98×
Cash conversion · 1.57× a year ago · operating cash flow covers the operating profit after tax
- R&D as % of revenue
- 16%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | 26% |
| FY2022 | 20% |
| FY2023 | 22% |
| FY2024 | 22% |
| FY2025 | 26% |
| FY2026 | 27% |
Details›
- Operating margin12 months to Q4 2026
- 27%
- Net margin12 months to Q4 2026
- 21%
- Free cash flow margin
- 40%
- R&D as % of revenue
- 16%
- Revenue, trailing twelve months
- $21.4B
- Free cash flow, trailing twelve months
- $8.66B
- Net income, trailing twelve months
- $4.57B
- 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 is operating cash flow over operating profit after tax.
Software, Application
The closest names by size in the same industry