−58% below 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on0 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 54
growth 14 ptFCF margin 40 pt
Growth +14% plus FCF margin +40% is 54 points, 14 above the line at 40. Counting the stock as an expense: 44 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Oct 31, 2021 → Jul 31, 2026
Five-year median 10.0×, middle half 9.4–11.4×, range 4.1–16.7×. Now 4.2×: −58% below its own median, higher than 5% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jul 31, 2026 · $B
FCF 8.62B − SBC 2.06B = 6.56B ex-SBC · operating income 6.18B is the GAAP figure after SBC
Against its scale group
INTU (blue) vs. the other Mega companies on the board (4), grey
Revenue growth+14% vs. +16%
Gross margin81% vs. 74%
FCF margin+40% vs. +14%
SBC / revenue10% vs. 7%
Rule of 4054 vs. 30
EV / revenue4.2× vs. 7.0×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Oct 31, 2024 → Jul 31, 2026 · a gap is a dropped quarter