One-glance verdict
Undervalued
$1,149.54 our estimate vs market $335.43
Wall Street consensus: $406.92 (-64.6% lower than our fair-value estimate)
71% below our estimate, below the bear case
Fundamentals snapshot
Intuit Inc.
INTU · NMS · Technology · Software - Application
Current price
$335.43
52-week range
$252.84 - $689.17
Market cap
$89.64B
Balance sheet
Healthy
24.13x Strong cushion
Net debt $1.22B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 13.9% last year.
- Reward Returns 23.6% on equity, ahead of 60% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Operating margin compressed from 21.9% to 17.6% over 3 years.
What this company does
Intuit Inc.
Intuit sells software and services that help people and small businesses manage their finances, like TurboTax for taxes and QuickBooks for accounting. The company makes most of its money from subscriptions to these services, which is good because it means they get predictable income (recurring revenue) month after month. This steady income helps them invest in new features and expand their offerings, making it easier for customers to handle all their financial needs in one place (an ecosystem).
How the company got here
Intuit started in 1983 with a simple idea: make it easier for people to manage their money. Its first big hit was Quicken, a personal finance software that helped individuals track their spending and budgeting. This early success laid the groundwork for Intuit's expansion into business financial tools. A major turning point was the development and eventual dominance of QuickBooks, which became the go-to accounting software for small businesses. More recently, Intuit has strategically acquired companies like Credit Karma and Mailchimp to broaden its offerings beyond just accounting and tax preparation, aiming to be a comprehensive financial hub for both individuals and businesses.
What it actually does
Intuit is a financial software company that creates tools to help people and businesses manage their money. Think of it as a digital toolbox for your finances. For individuals, this includes software to help with taxes and tools to understand and improve your credit. For businesses, Intuit provides services that handle everything from tracking income and expenses to paying employees and accepting customer payments. Essentially, Intuit aims to simplify complex financial tasks through technology, making it easier for everyone to manage their financial lives.
Global Business Solutions
This part of Intuit is all about serving small and medium-sized businesses. Its flagship product is QuickBooks, which offers online services and desktop software to help businesses manage their finances. This includes keeping track of money coming in and going out, running payroll to pay employees, and processing payments from customers. It also offers marketing tools through Mailchimp to help businesses connect with their customers. This segment is a significant portion of Intuit's business, providing essential tools for entrepreneurs and business owners to operate smoothly.
Consumer
The Consumer segment focuses on individual finances, with its most well-known product being TurboTax. TurboTax helps people prepare and file their income taxes, whether they do it themselves or get assistance. This segment also includes Credit Karma, which offers personalized recommendations for financial products like credit cards and loans, and helps users understand and improve their credit scores. Additionally, it provides online banking options and tools for credit monitoring. This part of Intuit is designed to empower individuals to take control of their personal financial health and tax obligations.
What management is betting on now
Intuit's current strategy revolves around becoming an 'open work-economy platform.' This means they want to connect all aspects of a person's or business's financial life, from earning money to managing it and getting paid. They are investing heavily in integrating their various products, like QuickBooks, TurboTax, and Credit Karma, so they work seamlessly together. The goal is to provide a holistic financial ecosystem that supports users through every financial decision and transaction, making Intuit indispensable for managing money in today's economy.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$329.00M
FY2025 Q2
$1.04B
FY2025 Q3
$4.36B
FY2025 Q4
$366.00M
FY2026 Q1
$599.00M
FY2026 Q2
$1.52B
FY2026 Q3
$5.24B
FY2026 Q4
$1.30B
Revenue
$4.35B
Net income
$363.00M
Diluted EPS
1.30
Operating cash flow
$1.33B
Free cash flow
$1.30B
Fetching…
Sources
Revenue
$8.56B
Net income
$3.06B
Diluted EPS
11.09
Operating cash flow
$5.30B
Free cash flow
$5.24B
Fetching…
Sources
Revenue
$4.65B
Net income
$693.00M
Diluted EPS
2.48
Operating cash flow
$1.57B
Free cash flow
$1.52B
Fetching…
Sources
Revenue
$3.88B
Net income
$446.00M
Diluted EPS
1.59
Operating cash flow
$637.00M
Free cash flow
$599.00M
Fetching…
Sources
Revenue
$3.83B
Net income
$381.00M
Diluted EPS
1.28
Operating cash flow
$381.00M
Free cash flow
$366.00M
Fetching…
Sources
Revenue
$7.75B
Net income
$2.82B
Diluted EPS
10.02
Operating cash flow
$4.39B
Free cash flow
$4.36B
Fetching…
Sources
Revenue
$3.96B
Net income
$471.00M
Diluted EPS
1.67
Operating cash flow
$1.07B
Free cash flow
$1.04B
Fetching…
Sources
Revenue
$3.28B
Net income
$197.00M
Diluted EPS
0.70
Operating cash flow
$362.00M
Free cash flow
$329.00M
Fetching…
Sources
Is it cheap or expensive?
Fair value $1,149.54 vs current price $335.43
Wall Street consensus is the average analyst price target: $406.92 (-64.6% lower than our fair-value estimate).
Our most-likely fair value is $1,149.54 a share — about 242.7% above today's price of $335.43, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net debt $1.2B. Interest coverage 24.1x.
Net debt
$1.22B
Interest coverage
24.13x
Intuit Inc.'s profit covers its interest bill about 24.1 times over. which is stronger than most peers shown here.
Healthy
Worse cushion
Baseline
Better cushion
INTU
BASELINE
Intuit Inc.
Total debt $8.42B Interest coverage 24.13x This is the baseline the peer rows are being compared against.
Total debt $6.79B Interest coverage 33.10x +37% vs INTU Carries about 1.4x more debt cushion than INTU.
Total debt $8.45B Interest coverage 79.30x +229% vs INTU Carries about 3.3x more debt cushion than INTU.
Total debt $3.77B Interest coverage 8.98x -63% vs INTU Carries about 2.7x less debt cushion than INTU.
What you should know
The case for and against INTU
3 Rewards
1 Risk
Rewards
-
Revenue grew 13.9% last year.
-
Returns 23.6% on equity, ahead of 60% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Operating margin compressed from 21.9% to 17.6% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
20.38x
Forward P/E
12.45x
P/B
4.74x
P/S
4.18x
EV/EBITDA
13.26x
PEG ratio
1.03x
Profitability
How much profit each dollar creates
Gross margin
81.0%
Operating margin
17.6%
Net margin
21.3%
ROE
23.6%
ROA
10.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.44x
Current ratio
1.51x
Quick ratio
0.78x
Total debt
$8.42B
Total cash
$7.20B
Growth
How the business has been compounding
Revenue TTM
$21.45B
Revenue 5Y CAGR
13.9%
EPS TTM
16.46
EPS 5Y CAGR
25.0%
Cash flow
How much cash the business throws off
Operating CF TTM
$8.84B
Free CF TTM
$8.66B
FCF margin
40.4%
Dividend
Shareholder payout
Yield
1.7%
Payout ratio
29.2%
Last ex-div date
2026-10-08