Intuit Inc. (INTU) — Fundamental Analysis & Key Financial Ratios

Kaplio's reading: Intuit Inc.

Updated on October 25, 2026 · accounts published on August 25, 2026

A highly profitable business with record operating margins and a sturdy balance sheet

Intuit trades at a P/E of 20.7 over the last 12 months, 62 % below its ten-year median and lower than in 98 % of the past decade.

• Is Intuit expensive or cheap? Its P/E of 20.7 is 62 % below its ten-year median of 54.7, lower than in 98 % of the last decade.
• How is the business doing? Fiscal 2026 operating margin hit 29 %, the highest of the last 12 fiscal years, against a 25 % average.
• Does it grow with real cash or by diluting shareholders? Free cash flow was 40 % of revenue in fiscal 2026; stock-based pay took 9.6 %, just under the 10 % alarm line.
• How strong is the balance sheet? Net debt is $5.35 per share, 0.5× EBITDA in fiscal 2026, and the dividend has risen 11 fiscal years in a row.
• What to expect from the next earnings? Intuit reports on November 19, 2026; consensus EPS is $2.47 and the 2027 estimate fell 3 % in 30 days.

Is Intuit expensive or cheap?

Over the last 12 months Intuit trades at a P/E of 20.7. Its ten-year median is 54.7, and over the decade the range ran from 19.3 to 90.7. The stock has been cheaper only 2 % of the time. It also sits 35 % below the median P/E of its sector, 32.0. EV/EBITDA of 13.1× compares with its own five-year average of 33.2×, and the free cash flow yield is 12 %. Most of this comes from the share price: the stock is down 48 % over 12 months and trades 49 % below its 52-week high of $676.55.

How is the business doing?

Over the last 12 months revenue grew 14 % and EPS grew 20 %, so profit is rising faster than sales. The operating margin of 29 % in fiscal 2026 is the best of the 12 fiscal years since 2015, well above the 25 % average for that stretch. Net margin is 21 % and ROE 23 %. Return on capital also stands out. ROIC of 16.8 % is 8.6 points above the sector median of 8.2 %, and it has stayed above 10 % in 9 of the last 10 fiscal years, with 2022 the weakest at 8.5 %.

Does it grow with real cash or by diluting shareholders?

In technology, generic ratios fall short. What matters is growth, pricing power and how much profit goes to staff as new shares. Intuit's gross margin of 80 % in fiscal 2026 clears the 70 % healthy bar for software, a sign of pricing power. Revenue per share grew 15 % a year over fiscal 2023-2026, exactly at the healthy threshold, and the Rule of 40 scores 55, above the elite line of 40. Free cash flow equals 40 % of revenue, double the 20 % benchmark. The tight spot is stock-based pay at 9.6 % of revenue, barely below the 10 % healthy ceiling.

How strong is the balance sheet?

Debt is a minor issue for Intuit. In fiscal 2026 net debt of $5.35 per share equals 1.6 % of the current price and 0.5× EBITDA, well inside the 1.5× tolerated for software. Over the last 12 months debt to equity is 0.44 and the current ratio 1.51. The Altman Z of 5.0 sits in the safe zone and the Piotroski score is 7 of 9. Shareholder payouts are modest but steady: the dividend yields 1.5 %, has grown for 11 consecutive fiscal years and absorbs only 30 % of fiscal 2026 earnings, which leaves room to keep raising it.

What to expect from the next earnings?

Intuit has beaten EPS estimates in each of the last 8 quarters. On August 25, 2026 it reported $4.03 against $3.58 expected, 13 % above consensus. For the quarter due November 19, 2026, analysts expect EPS of $2.47. Expectations have cooled a little: over the last 30 days the 2027 EPS consensus slipped 2.8 %, from $23.61 to $22.95 across 19 analysts, while the 2027 revenue forecast barely moved. Analysts have trimmed expected profit and left expected sales alone. Of the 45 analysts covering Intuit, 27 rate it a buy, 13 a hold and 5 a sell.

How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.