Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Enterprise Value (EV) 

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Current Enterprise Value (EV)

Intuit Inc., current enterprise value calculation

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Current share price (P) $651.30
No. shares of common stock outstanding 278,805,000
US$ in millions
Common equity (market value)1 181,586
Add: Preferred stock, $0.01 par value; none issued and outstanding (per books)
Total equity 181,586
Add: Short-term debt (per books)
Add: Long-term debt (per books) 5,973
Total equity and debt 187,559
Less: Cash and cash equivalents 2,884
Less: Investments 1,668
Enterprise value (EV) 183,007

Based on: 10-K (reporting date: 2025-07-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 651.30 × 278,805,000


Historical Enterprise Value (EV)

Intuit Inc., EV calculation

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Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020
Share price1, 2 $668.68 $623.10 $549.60 $420.06 $567.59 $345.39
No. shares of common stock outstanding1 278,805,000 280,292,000 280,259,493 281,869,879 273,091,929 261,807,204
US$ in millions
Common equity (market value)3 186,431 174,650 154,031 118,402 155,004 90,426
Add: Preferred stock, $0.01 par value; none issued and outstanding (book value)
Total equity 186,431 174,650 154,031 118,402 155,004 90,426
Add: Short-term debt (book value) 499 499 1,338
Add: Long-term debt (book value) 5,973 5,539 6,120 6,415 2,034 2,031
Total equity and debt 192,404 180,688 160,151 125,316 157,038 93,795
Less: Cash and cash equivalents 2,884 3,609 2,848 2,796 2,562 6,442
Less: Investments 1,668 465 814 485 1,308 608
Enterprise value (EV) 187,852 176,614 156,489 122,035 153,168 86,745

Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Intuit Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 668.68 × 278,805,000


Common equity (market value) and Total equity
Both common equity (market value) and total equity follow the same pattern over the years, indicating that they are likely equivalent in value. From July 31, 2020, to July 31, 2021, there is a significant increase from approximately 90.4 billion USD to 155.0 billion USD. However, in the subsequent year ending July 31, 2022, a decline is observed, dropping to about 118.4 billion USD. After this, a recovery and continued upward trend occur, rising to 154.0 billion USD in 2023, 174.7 billion USD in 2024, and reaching 186.4 billion USD by 2025.
Total equity and debt
Total equity and debt also exhibit a pattern similar to equity alone but with marginally higher values, indicating the presence of some level of debt. The value increases significantly from about 93.8 billion USD in 2020 to 157.0 billion USD in 2021, followed by a decrease to approximately 125.3 billion USD in 2022. Thereafter, there is a consistent increase to reach 160.2 billion USD in 2023, 180.7 billion USD in 2024, and 192.4 billion USD in 2025.
Enterprise value (EV)
The enterprise value shows parallel trends with total equity and total equity and debt, but the absolute values are slightly lower throughout the period. From 86.7 billion USD in 2020, EV rises sharply to 153.2 billion USD in 2021. It then declines to 122.0 billion USD in 2022, followed by a steady increase to 156.5 billion USD in 2023, 176.6 billion USD in 2024, and 187.9 billion USD in 2025.
Overall trend summary
The financial data depict a pronounced rise in equity values and enterprise value from 2020 to 2021, suggesting strong company performance or investor confidence during that time. This is followed by a notable decline in 2022, which might indicate external market pressures, operational challenges, or other adverse factors impacting valuation. From 2023 onwards, the figures show a recovery and steady growth trajectory through 2025, indicating a positive outlook and strengthening financial position. The closeness of total equity and market equity values suggests a stable equity structure, while the difference between total equity and debt and enterprise value reflects manageable levels of financial leverage.