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 ($4.43B PV of FCF + $13.46B PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $2.54B | $2.95B | $3.42B | $3.98B | $4.62B | $5.37B |
| Operating EBIT | $172.6M | $200.5M | $232.8M | $270.4M | $314.1M | $364.8M |
| Unlevered Free Cash Flow (FCF) | $750.2M (30%) | $871.4M (30%) | $1.01B (30%) | $1.18B (30%) | $1.37B (30%) | $1.59B (30%) |
| Discounted PV of FCF (@ 10.0% WACC) | $682.0M | $720.1M | $760.4M | $802.9M | $847.8M | $895.2M |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $77.69 | $83.26 | $89.85 | $97.74 | $107.40 |
| 9.0% | $66.37 | $70.35 | $74.96 | $80.32 | $86.67 |
| 10.0% | $57.73 | $60.69 | $64.06 | $67.90 | $72.34 |
| 11.0% | $50.92 | $53.20 | $55.74 | $58.61 | $61.85 |
| 12.0% | $45.43 | $47.22 | $49.19 | $51.39 | $53.84 |
Synchronized directly with the 3-Year Operating Statement (86.8% Gross Margin · 16.1% Growth · 13.8% 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 | $1.86B | $2.15B | $2.54B | $2.54B | $2.95B | $3.42B |
| YoY Revenue Growth (%) | 17.9% | 15.3% | 18.1% | 16.1% | 16.1% | 16.1% |
| Cost of Revenue (COGS) | ($332.2M) | ($324.1M) | ($334.8M) | ($334.8M) | ($374.1M) | ($417.4M) |
| Gross Profit & Margin | $1.53B (82.2%) | $1.82B (84.9%) | $2.20B (86.8%) | $2.20B (86.8%) | $2.57B (87.3%) | $3.01B (87.8%) |
| Research & Development (R&D) | — | — | — | $736.8M | $821.6M | $914.5M |
| Sales & Marketing (S&M) | — | — | — | $841.0M | $937.7M | $1.04B |
| General & Administrative (G&A) | — | — | — | $452.8M | $504.9M | $562.0M |
| Operating EBIT | -$207.2M (-11.1%) | $7.6M (0.3%) | $172.5M (6.8%) | $172.5M (6.8%) | $309.5M (10.5%) | $486.2M (14.2%) |
| Adjusted EBITDA | — | — | — | $245.2M (9.7%) | $393.9M (13.4%) | $584.2M (17.1%) |
Nutanix, Inc. (NTNX) earns a "Watch" rating and an institutional Quality Score of 78/100 (Grade A). On $2.54B in baseline revenue (16.1% growth, 86.8% gross margin, 29.6% FCF margin), our 5-year DCF yields an Enterprise Value of $17.89B ($64.06/share vs. $51.69 market price). On the R&D Return Benchmark, NTNX ranks #104 of 167 (Burners · Grade CCC, 0.37× return).
Gross Margin & Unit Economics: Nutanix, Inc. operates at a 86.8% gross margin on $2.54B revenue (+13.5 pts above the Data, Observability & Cloud Infrastructure median of 73.3%).
R&D Productivity (Burners · Grade CCC): Investing 27.7% of revenue in R&D ($790.9M) generates $0.37 of incremental gross profit per R&D dollar (Rank #104 of 167).
Rule of 40 & Cash Conversion: Combining 16.1% top-line growth with 29.6% FCF margin yields a 45.7% Rule of 40 score (vs. 42.5% cohort median) and $17.89B 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)
NTNX: Burner, CCC
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: 25.0% Growth · 73.3% Gross Margin · 20.9% Unlevered FCF · -8.2% GAAP FCF · 42.5% Rule of 40 · 20.9× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
NTNXNutanix, Inc.Subject | $2.54B | 16.1% | 86.8% | 29.6% | 15.7% | 45.7% | 5.7× | Active |
Snowflake Inc. | $5.43B | 40.0% | 67.0% | 22.0% | -8.2% | 62.0% | 20.9× | |
MongoDB | $2.01B | 25.0% | 73.3% | 6.0% | -18.6% | 31.0% | 16.8× | |
Cloudflare | $1.67B | 30.8% | 77.3% | 11.7% | -8.6% | 42.5% | 42.5× | |
Akamai Technologies, Inc. | $3.99B | 5.0% | 59.4% | 20.9% | 11.0% | 25.9% | 4.2× | |
Palantir Technologies Inc. | $2.87B | 22.6% | 80.3% | 39.8% | 15.7% | 62.5% | 133.8× | |
| Peer Set Median (5 Peers) | $2.87B | 25.0% | 73.3% | 20.9% | -8.2% | 42.5% | 20.9× | =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 86.8% to 91.8%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $119.8M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $3.60B.
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 11.0% annual revenue growth over next 5 years (19.8% 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 | 5.7× | $14.57B | $13.87B | $51.69 | 0.0% |
| -20% Multiple Compression | 4.6× | $11.65B | $10.95B | $40.83 | -20.0% |
| -35% Multiple Compression | 3.7× | $9.47B | $8.77B | $32.69 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $12.69B | $11.99B | $44.69 | -12.9% |