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 ($34.34B PV of FCF + $101.49B PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $18.83B | $21.56B | $24.68B | $28.25B | $32.34B | $37.03B |
| Operating EBIT | $4.92B | $5.64B | $6.45B | $7.39B | $8.45B | $9.68B |
| Unlevered Free Cash Flow (FCF) | $6.08B (32%) | $6.96B (32%) | $7.97B (32%) | $9.13B (32%) | $10.45B (32%) | $11.96B (32%) |
| Discounted PV of FCF (@ 10.0% WACC) | $5.53B | $5.75B | $5.99B | $6.23B | $6.49B | $6.75B |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $575.33 | $615.81 | $663.65 | $721.06 | $791.23 |
| 9.0% | $492.95 | $521.93 | $555.37 | $594.39 | $640.50 |
| 10.0% | $430.08 | $451.66 | $476.11 | $504.05 | $536.30 |
| 11.0% | $380.57 | $397.12 | $415.61 | $436.42 | $460.00 |
| 12.0% | $340.58 | $353.58 | $367.95 | $383.91 | $401.76 |
Synchronized directly with the 3-Year Operating Statement (80.8% Gross Margin · 14.5% Growth · 10.4% SBC/Rev)
| Income Statement Line | FY23ASEC 10-K | FY24ASEC 10-K | FY25ASEC 10-K | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $14.37B | $16.29B | $18.83B | $18.83B | $21.56B | $24.68B |
| YoY Revenue Growth (%) | — | 13.3% | 15.6% | 14.5% | 14.5% | 14.5% |
| Cost of Revenue (COGS) | ($3.14B) | ($3.46B) | ($3.62B) | ($3.62B) | ($4.04B) | ($4.50B) |
| Gross Profit & Margin | $11.22B (78.1%) | $12.82B (78.7%) | $15.21B (80.8%) | $15.21B (80.8%) | $17.52B (81.3%) | $20.18B (81.8%) |
| Research & Development (R&D) | — | — | — | $2.93B | $3.22B | $3.53B |
| Sales & Marketing (S&M) | — | — | — | $4.78B | $5.26B | $5.77B |
| General & Administrative (G&A) | — | — | — | $2.57B | $2.83B | $3.10B |
| Operating EBIT | $3.14B (21.9%) | $3.63B (22.3%) | $4.92B (26.1%) | $4.92B (26.1%) | $6.21B (28.8%) | $7.78B (31.5%) |
| Adjusted EBITDA | — | — | — | $5.73B (30.4%) | $7.14B (33.1%) | $8.84B (35.8%) |
INTUIT INC. (INTU) earns a "Buy" rating and an institutional Quality Score of 78/100 (Grade A). On $18.83B in baseline revenue (14.5% growth, 80.8% gross margin, 32.3% FCF margin), our 5-year DCF yields an Enterprise Value of $135.83B ($476.11/share vs. $624.13 market price). On the R&D Return Benchmark, INTU ranks #40 of 167 (Harvesters · Grade A, 0.75× return).
Gross Margin & Unit Economics: INTUIT INC. operates at a 80.8% gross margin on $18.83B revenue (+6.7 pts above the Core Enterprise SaaS & ERP median of 74.0%).
R&D Productivity (Harvesters · Grade A): Investing 15.6% of revenue in R&D ($2.93B) generates $0.75 of incremental gross profit per R&D dollar (Rank #40 of 167).
Rule of 40 & Cash Conversion: Combining 14.5% top-line growth with 32.3% FCF margin yields a 46.8% Rule of 40 score (vs. 46.7% cohort median) and $135.83B 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)
INTU: not scored (missing_gross_profit)
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: 14.5% Growth · 74.0% Gross Margin · 27.6% Unlevered FCF · 12.4% GAAP FCF · 46.7% Rule of 40 · 6.5× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
INTUINTUIT INC.Subject | $18.83B | 14.5% | 80.8% | 32.3% | 21.9% | 46.8% | 9.4× | Active |
ServiceNow | $15.43B | 22.5% | 73.1% | 30.8% | 15.7% | 53.3% | 7.6× | |
Workday, Inc. | $10.15B | 16.8% | 75.0% | 28.0% | 11.8% | 44.8% | 5.0× | |
Oracle | $71.78B | 12.2% | 65.8% | -40.0% | -46.7% | -27.8% | 5.3× | |
SAP SE | $34.18B | 7.6% | 73.0% | 12.9% | 12.9% | 20.5% | 8.3× | |
Adobe Inc. | $25.97B | 10.8% | 89.3% | 40.8% | 32.8% | 51.6% | 3.8× | |
Atlassian | $5.22B | 21.5% | 82.8% | 27.1% | 1.0% | 48.6% | 7.6× | |
| Peer Set Median (6 Peers) | $20.70B | 14.5% | 74.0% | 27.6% | 12.4% | 46.7% | 6.5× | =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 80.8% to 85.8%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $376.6M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $25.99B.
Strong fundamentals, above-average cash generation, and robust competitive positioning.
Elite deferred revenue float; FCF exceeds operating income by >20%
Standard software SBC dilution; modest equity transfer to employees
Elite Tier-1 SaaS compounder with high gross margin and superior Rule of 40
Moderate leverage or cash burn; monitor liquidity runway
Market implies 21.3% annual revenue growth over next 5 years (26.1% 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 | 9.4× | $177.03B | $173.76B | $624.13 | 0.0% |
| -20% Multiple Compression | 7.5× | $141.63B | $138.35B | $496.95 | -20.0% |
| -35% Multiple Compression | 6.1× | $115.07B | $111.80B | $401.56 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $94.16B | $90.88B | $326.43 | -46.8% |