INTUINTUIT INC.

Services-Prepackaged Software

Revenue: $21.4B; 14% YoY
Operating margin: 27.4%; 4.9% YoY
EBITDA: $6.1B; 19% YoY
Market cap: $91.5B
Employees: 18,600; $1M revenue each
Net debt / EBITDA: 0.5×; $3.0B net debt
AI in 10-K: 15.2; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
194% of net income
Cash flow under 80% of net income
Dilutive SBCNo
10% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
76% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
38% of assets
Over 40% of assets
Shareholder dissentNo
93% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$1M · 81st pct
Bottom quartile of its SIC industry
Quiet on AINo
15.2 per 10K words · 97th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.5× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$91.5B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$357M net
Net sales over $10M in 12 months

Financials

Metric	FY2022	FY2023	FY2024	FY2025	FY2026	YoY	Trend
Revenue	$12.7B	$14.4B	$16.3B	$18.8B	$21.4B	14%
Operating income	$2.6B	$3.1B	$3.6B	$4.9B	$5.9B	20%
Net income	$2.1B	$2.4B	$3.0B	$3.9B	$4.6B	18%
Operating cash flow	$3.9B	$5.0B	$4.9B	$6.2B	$8.8B	42%
Capex	$157M	$210M	$191M	$84M	$175M	108%
Stock-based comp	$1.3B	$1.7B	$1.9B	$2.0B	$2.1B	4.5%
Buybacks	$1.9B	$2.0B	$2.0B	$2.8B	$5.4B	95%
Dividends	$774M	$889M	$1.0B	$1.2B	$1.3B	13%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $542K · 2
Open-market sells, 12 mo: $358M · 118
Net: −$357M

Pay vs performance

No pay-versus-performance disclosure yet.