Company / Stock (250)3-Year Statement
Golden Door Asset's Financial Engine connects audited SEC 10-K/10-Q income statements, balance sheets, and cash flow statements to a deterministic 5-year unlevered DCF valuation, Reverse-DCF implied growth solver, ASC 350-40 software capitalization bridge, and 1-year lagged R&D capital efficiency benchmark across 251 public software companies (167 ranked in the R&D Return universe).
Discounting 5-year unlevered FCF at 10.0% WACC and 2.5% terminal growth ($6.03B PV of FCF + $15.99B PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $4.57B | $4.96B | $5.37B | $5.82B | $6.31B | $6.83B |
| Operating EBIT | $893.6M | $968.3M | $1.05B | $1.14B | $1.23B | $1.34B |
| Unlevered Free Cash Flow (FCF) | $1.26B (28%) | $1.37B (28%) | $1.48B (28%) | $1.60B (28%) | $1.74B (28%) | $1.88B (28%) |
| Discounted PV of FCF (@ 10.0% WACC) | $1.15B | $1.13B | $1.11B | $1.10B | $1.08B | $1.06B |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $169.04 | $181.76 | $196.80 | $214.84 | $236.90 |
| 9.0% | $143.06 | $152.17 | $162.68 | $174.94 | $189.44 |
| 10.0% | $123.22 | $130.00 | $137.68 | $146.47 | $156.60 |
| 11.0% | $107.57 | $112.78 | $118.59 | $125.13 | $132.54 |
| 12.0% | $94.93 | $99.01 | $103.53 | $108.55 | $114.16 |
Synchronized directly with the 3-Year Operating Statement (63.9% Gross Margin · 8.4% Growth · 6.6% SBC/Rev)
| Income Statement Line | FY22ASEC 10-K | FY23ASEC 10-K | FY24ASEC 10-K | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $4.09B | $4.25B | $4.57B | $4.57B | $4.96B | $5.37B |
| YoY Revenue Growth (%) | 7.2% | 4.0% | 7.5% | 8.4% | 8.4% | 8.4% |
| Cost of Revenue (COGS) | ($1.48B) | ($1.57B) | ($1.65B) | ($1.65B) | ($1.77B) | ($1.89B) |
| Gross Profit & Margin | $2.61B (63.7%) | $2.68B (63.0%) | $2.92B (63.9%) | $2.92B (63.9%) | $3.19B (64.4%) | $3.48B (64.9%) |
| Research & Development (R&D) | — | — | — | $814.4M | $847.2M | $879.8M |
| Sales & Marketing (S&M) | — | — | — | $788.7M | $820.5M | $852.0M |
| General & Administrative (G&A) | — | — | — | $424.7M | $441.8M | $458.8M |
| Operating EBIT | $498.8M (12.2%) | $547.4M (12.9%) | $893.5M (19.5%) | $893.5M (19.5%) | $1.08B (21.8%) | $1.29B (24.1%) |
| Adjusted EBITDA | — | — | — | $1.04B (22.7%) | $1.24B (25.0%) | $1.47B (27.3%) |
GoDaddy Inc. (GDDY) earns a "Watch" rating and an institutional Quality Score of 66/100 (Grade B+). On $4.57B in baseline revenue (8.4% growth, 63.9% gross margin, 27.6% FCF margin), our 5-year DCF yields an Enterprise Value of $22.02B ($137.68/share vs. $118.59 market price). On the R&D Return Benchmark, GDDY ranks #115 of 167 (Faders · Grade CCC, 0.30× return).
Gross Margin & Unit Economics: GoDaddy Inc. operates at a 63.9% gross margin on $4.57B revenue (+7.2 pts above the Information Technology Services median of 56.7%).
R&D Productivity (Faders · Grade CCC): Investing 17.8% of revenue in R&D ($814.4M) generates $0.30 of incremental gross profit per R&D dollar (Rank #115 of 167).
Rule of 40 & Cash Conversion: Combining 8.4% top-line growth with 27.6% FCF margin yields a 35.9% Rule of 40 score (vs. 31.4% cohort median) and $22.02B DCF Enterprise Value.
Measures incremental gross profit generated per prior-year R&D dollar across 167 scored software companies
x = R&D % of revenue (FY) · y = new gross profit per R&D dollar (FY)
GDDY: not scored (missing_rnd)
Hover or tap a dot to inspect peer R&D intensity and return
Intensity = R&D ÷ revenue from the same period. The grade uses TTM when that period end is fresh; otherwise the latest fiscal year if that end is fresh; otherwise the name is ungraded. Bands describe spend level, not quality.
As of 2026-10-22.
Active Medians: 20.1% Growth · 56.7% Gross Margin · 14.1% Unlevered FCF · 5.8% GAAP FCF · 31.4% Rule of 40 · 4.5× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
GDDYGoDaddy Inc.Subject | $4.57B | 8.4% | 63.9% | 27.6% | 21.0% | 35.9% | 4.2× | Active |
IBM | $69.87B | 4.2% | 58.0% | 21.0% | 18.2% | 25.1% | 4.2× | |
ServiceNow | $15.43B | 22.5% | 73.1% | 30.8% | 15.7% | 53.3% | 7.6× | |
NIQ Global Intelligence Plc | $3.97B | 19.4% | 55.4% | -5.7% | -5.8% | 13.7% | 2.4× | |
Paymentus Holdings, Inc. | $871.7M | 30.4% | 27.3% | 7.3% | 6.0% | 37.6% | 4.0× | |
Intapp, Inc. | $600.0M | 20.7% | 76.6% | 26.6% | 5.6% | 47.3% | 4.7× | |
C3.ai, Inc. | $232.4M | -0.3% | 29.1% | -67.0% | -178.1% | -67.3% | 8.7× | |
| Peer Set Median (6 Peers) | $2.42B | 20.1% | 56.7% | 14.1% | 5.8% | 31.4% | 4.5× | =MEDIAN() |
Structural sensitivities monitored in the 3-Statement Financial Engine
Apply any lever below to write its operating assumptions directly into the 3-Statement Model
Automate cloud hosting & support workflows to lift gross margin from 63.9% to 68.9%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $91.5M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $5.67B.
Solid software model with clear operating leverage, partially offset by standard SBC or moderate burn.
Elite deferred revenue float; FCF exceeds operating income by >20%
Disciplined equity compensation well below software industry average
Sub-par gross margins; higher cost of delivery or hardware/services mix
Moderate leverage or cash burn; monitor liquidity runway
Market implies 5.2% annual revenue growth over next 5 years (9.1% dilution-adjusted), in line with company run-rate.
Evaluates shareholder equity vulnerability if SaaS valuation multiples contract toward historical industry medians.
| Multiple Contraction Scenario | EV / Rev | Implied EV | Implied Equity | Implied Price | Downside % |
|---|---|---|---|---|---|
| Current Multiple | 4.2× | $19.36B | $16.55B | $118.59 | 0.0% |
| -20% Multiple Compression | 3.4× | $15.48B | $12.68B | $90.85 | -20.0% |
| -35% Multiple Compression | 2.8× | $12.58B | $9.78B | $70.05 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $22.87B | $20.06B | $143.74 | +18.1% |