Latest Ratios: P/E Ratio 20.6x · EV/EBITDA 14.1x · ROE 20.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $76.9B | $222.2B | $183.8B | $144.8B | $129.6B | $144.7B | $80.9B | $73.2B | $53.3B | $35.8B | $29.4B |
| Enterprise Value | $80.7B | $225.9B | $186.8B | $148.7B | $134.3B | $144.6B | $78.1B | $71.5B | $52.3B | $35.8B | $29.8B |
| P/E Ratio → | 20.57 | 57.43 | 62.07 | 60.77 | 62.75 | 70.19 | 44.27 | 47.00 | 40.13 | 36.88 | 36.51 |
| P/S Ratio | 4.08 | 11.80 | 11.29 | 10.08 | 10.18 | 15.02 | 10.53 | 10.79 | 8.85 | 6.92 | 6.27 |
| P/B Ratio | 4.04 | 11.27 | 9.97 | 8.39 | 7.88 | 14.66 | 15.84 | 19.53 | 22.65 | 26.45 | 25.33 |
| P/FCF | 12.64 | 36.53 | 39.67 | 30.26 | 35.40 | 46.30 | 35.52 | 33.75 | 26.81 | 26.16 | 33.46 |
| P/OCF | 12.39 | 35.80 | 37.64 | 28.70 | 33.31 | 44.52 | 33.51 | 31.50 | 25.24 | 22.40 | 20.99 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.00 | 11.47 | 10.35 | 10.55 | 15.01 | 10.17 | 10.54 | 8.68 | 6.91 | 6.34 |
| EV / EBITDA | 14.07 | 39.42 | 42.27 | 37.66 | 40.49 | 50.51 | 32.61 | 34.41 | 28.84 | 21.63 | 20.12 |
| EV / EBIT | 16.39 | 44.47 | 49.26 | 45.92 | 51.20 | 55.94 | 35.17 | 37.73 | 32.96 | 25.17 | 23.97 |
| EV / FCF | — | 37.14 | 40.31 | 31.06 | 36.69 | 46.27 | 34.29 | 32.98 | 26.30 | 26.13 | 33.87 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.8% | 80.8% | 78.7% | 78.1% | 81.1% | 82.5% | 82.1% | 82.8% | 82.8% | 84.4% | 84.0% |
| Operating Margin | 26.1% | 26.1% | 22.3% | 21.9% | 20.2% | 26.0% | 28.3% | 27.3% | 25.9% | 27.4% | 26.5% |
| Net Profit Margin | 20.5% | 20.5% | 18.2% | 16.6% | 16.2% | 21.4% | 23.8% | 23.0% | 22.1% | 18.8% | 20.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.3% | 20.3% | 16.6% | 14.1% | 15.7% | 27.5% | 41.2% | 51.0% | 71.7% | 77.2% | 56.1% |
| ROA | 11.2% | 11.2% | 9.9% | 8.6% | 9.6% | 15.6% | 21.2% | 27.2% | 28.7% | 23.3% | 21.2% |
| ROIC | 16.5% | 16.5% | 12.8% | 11.1% | 12.5% | 31.0% | 74.7% | 81.9% | 88.6% | 75.0% | 52.5% |
| ROCE | 19.2% | 19.2% | 14.9% | 13.1% | 13.9% | 24.7% | 37.1% | 47.8% | 56.1% | 68.8% | 47.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.36 | 0.39 | 0.46 | 0.25 | 0.71 | 0.12 | 0.19 | 0.36 | 0.86 |
| Debt / EBITDA | 1.16 | 1.16 | 1.49 | 1.69 | 2.27 | 0.87 | 1.52 | 0.21 | 0.24 | 0.30 | 0.68 |
| Net Debt / Equity | — | 0.19 | 0.16 | 0.22 | 0.29 | -0.01 | -0.55 | -0.45 | -0.44 | -0.03 | 0.31 |
| Net Debt / EBITDA | 0.66 | 0.66 | 0.67 | 0.97 | 1.43 | -0.03 | -1.17 | -0.81 | -0.57 | -0.02 | 0.24 |
| Debt / FCF | — | 0.62 | 0.64 | 0.80 | 1.30 | -0.03 | -1.23 | -0.77 | -0.52 | -0.03 | 0.41 |
| Interest Coverage | 20.57 | 20.57 | 15.67 | 13.05 | 32.38 | 89.14 | 158.57 | 126.40 | 79.30 | 45.84 | 31.85 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.36 | 1.36 | 1.29 | 1.47 | 1.39 | 1.94 | 2.26 | 1.83 | 1.39 | 0.73 | 0.72 |
| Quick Ratio | 1.36 | 1.36 | 1.29 | 1.47 | 1.39 | 1.94 | 2.26 | 1.83 | 1.39 | 0.73 | 0.72 |
| Cash Ratio | 0.44 | 0.44 | 0.54 | 0.97 | 0.90 | 1.46 | 2.00 | 1.39 | 0.98 | 0.40 | 0.48 |
| Asset Turnover | — | 0.51 | 0.51 | 0.52 | 0.46 | 0.62 | 0.70 | 1.08 | 1.16 | 1.27 | 1.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 38.44 | 29.52 | 28.48 | 30.06 | 24.48 | 7.65 | 8.18 | 8.30 | 11.70 | 9.95 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 0.5% | 0.6% | 0.6% | 0.6% | 0.4% | 0.7% | 0.7% | 0.8% | 1.0% | 1.1% |
| Payout Ratio | 30.7% | 30.7% | 34.9% | 37.3% | 37.5% | 31.3% | 30.7% | 32.2% | 30.6% | 36.4% | 32.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 1.7% | 1.6% | 1.6% | 1.6% | 1.4% | 2.3% | 2.1% | 2.5% | 2.7% | 2.7% |
| FCF Yield | 7.9% | 2.7% | 2.5% | 3.3% | 2.8% | 2.2% | 2.8% | 3.0% | 3.7% | 3.8% | 3.0% |
| Buyback Yield | 3.6% | 1.2% | 1.1% | 1.4% | 1.4% | 0.7% | 0.4% | 0.8% | 0.5% | 2.3% | 7.7% |
| Total Shareholder Yield | 5.1% | 1.8% | 1.6% | 2.0% | 2.0% | 1.1% | 1.1% | 1.4% | 1.3% | 3.3% | 8.8% |
| Shares Outstanding | — | $283M | $284M | $283M | $284M | $273M | $264M | $264M | $261M | $261M | $265M |
Regulatory tax filing disruption
Based on current market data, Intuit trades at a TTM P/E of 19.58, which appears to command a premium relative to its historical averages and broader software peers, suggesting that investors are pricing in the long-term defensive moat provided by its integrated small business and tax platform.
The forward P/E of 11.23 indicates that the market anticipates significant earnings growth, likely driven by the successful cross-selling of Mailchimp and Credit Karma services. While the valuation is elevated, it remains justifiable if the company continues to maintain its high retention rates and successfully navigates the competitive threat posed by government-sponsored tax filing initiatives.
According to recent financial statements, Intuit's ROIC reached 13.0% in 2026Q3, demonstrating a recovery from the cyclical lows observed in off-peak quarters and highlighting the company's ability to generate meaningful returns on its invested capital despite the heavy amortization of past acquisition-related intangible assets.
The volatility in ROIC, which dropped to 1.1% in 2025Q4, is a structural byproduct of the company's extreme seasonal earnings profile rather than a decline in operational efficiency. Investors should focus on the TTM trend to gauge true compounding power, as the current figures suggest the platform strategy is beginning to yield superior returns on the capital deployed for recent large-scale acquisitions.
As reported in recent filings, Intuit's DSO fluctuated significantly between 24 and 111 days over the last ten quarters, a pattern that underscores the company's reliance on the U.S. tax season for cash collection and the inherent timing differences in its subscription-based revenue recognition model.
The wide variance in DSO suggests that standard working capital metrics are less indicative of operational health than they would be for a non-seasonal SaaS provider. The company's ability to maintain a consistent DPO suggests it retains significant leverage over its suppliers, which helps mitigate the cash flow strain during the quieter periods of the fiscal year.
The GAAP net margin is frequently misapplied to Intuit's business model, as it fails to account for the significant non-cash impact of stock-based compensation and the amortization of intangibles from major acquisitions, which together obscure the company's true underlying cash-generating capacity and operational profitability.
Analysts should prioritize FCF margins over GAAP net margins to better understand the company's ability to fund its aggressive capital allocation strategy. Relying on GAAP figures may lead to an underestimation of the business's defensive strength, as the reported earnings are artificially suppressed by accounting charges that do not reflect the actual cash flow generated by the QuickBooks and TurboTax franchises.
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Quick answers to the most common questions about buying INTU stock.
Intuit Inc.'s current P/E ratio is 20.6x. The historical average is 37.3x. This places it at the 11th percentile of its historical range.
Intuit Inc.'s current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.7x.
Intuit Inc.'s return on equity (ROE) is 20.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 24.6%.
Based on historical data, Intuit Inc. is trading at a P/E of 20.6x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Intuit Inc.'s current dividend yield is 1.49% with a payout ratio of 30.7%.
Intuit Inc. has 80.8% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Intuit Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.