Intuit Inc. (NASDAQ:INTU)

Gross Profit Margin

The gross profit margin demonstrates a generally high level, consistently above 78% from the earliest reported period onward. It peaked around 82.8% in late 2018 through early 2021, with a slight downward trend observable from mid-2021, reaching its lowest point near 78.08% in early 2024. Toward the most recent quarters, a modest recovery appears, with figures climbing back to approximately 79.45%. This pattern indicates the company's strong control over production costs but also suggests increasing cost pressures in recent years.

Operating Profit Margin

Operating profit margin displayed more volatility over the periods observed. Starting near 27.33% in late 2018, it peaked around 30.3% in early 2021. Subsequently, it experienced a decline to approximately 18.41% by early 2023. After this trough, there was a gradual recovery through mid-2024, approaching 24.38%. The fluctuations indicate variations in operating efficiency or increases in operating expenses during the period, with a recent trend toward cost management improvement.

Net Profit Margin

Net profit margin followed a pattern similar to the operating margin but with less pronounced peaks and troughs. Beginning around 22.95% in late 2018, it reached highs near 25.1% in early 2021. Following this peak, there was a decline to roughly 14.1% by early 2023, reflecting reduced profitability at the net level. However, a recovery trend is evident thereafter, with margins improving to approximately 19.07% by late 2024, suggesting improved control over non-operating expenses and taxes or enhanced overall profitability.

Return on Equity (ROE)

Return on equity showed a strong initial performance with values above 40% from late 2018 through early 2019, peaking at approximately 43.76%. A significant decline followed, bottoming out near 11.69% in early 2023. Since then, ROE has exhibited a gradual upward trajectory, reaching around 17.23% by the most recent quarter. This trend signals a reduction in overall shareholder returns during the middle period, with some recovery later, potentially influenced by changes in net income or equity levels.

Return on Assets (ROA)

Return on assets mirrors the ROE pattern but at lower levels, commencing near 24.78% and peaking at 25.55% around early 2019. It dropped substantially to around 6.93% by early 2023, indicating less efficient use of assets during that interval. A moderate rebound followed, with ROA increasing to approximately 9.48% in the latest period. These changes may reflect shifts in asset base management, asset utilization, or profitability impacts on asset efficiency.

Overall, the data reveals a phase of strong profitability and efficiency in the earlier periods, followed by a challenging phase characterized by declines in profitability and returns on capital. Recent quarters show signs of partial recovery across all key financial ratios, suggesting improvements in cost management and asset utilization strategies.

The analysis of the quarterly financial data reveals several notable trends in key performance metrics over the observed periods.

Net Revenue

Net revenue exhibits a general upward trajectory across the quarters. Starting from approximately 1,016 million USD, the figures fluctuate but show significant growth, reaching as high as around 7,754 million USD by the most recent quarter. Notable spikes occur in several periods, particularly between early 2021 and mid-2024, indicating accelerating sales or service revenues. The growth is not strictly linear, with some quarters showing modest dips or stabilization before subsequent increases.

Gross Profit

Gross profit closely follows the pattern of net revenue, also trending upward significantly over the timeframe. From an initial value near 769 million USD, it climbs consistently with some fluctuations, peaking at roughly 6,560 million USD in the final quarter available. The data suggests effective cost management or enhanced operational efficiency given that gross profit maintains a high level relative to net revenue, despite some quarter-to-quarter variability.

Gross Profit Margin

Gross profit margin percentages are available only from mid to late 2019 onwards and remain relatively stable throughout this period. Initial margin values hover around 82.8%, showing a slight declining trend over time. By the latest quarters, margins have settled in the range of approximately 78% to 79.5%. This gradual decrease suggests marginal increases in cost of goods sold relative to net revenue or possible pricing pressures, though the margins are still indicative of strong profitability.

Overall, the data portrays a company experiencing robust revenue and profit growth with consistent profitability, though a minor downward trend in gross profit margin signals the need for ongoing cost control and efficiency improvements to sustain these gains.

Operating Income

The operating income shows significant volatility across the periods analyzed. Initial quarters exhibit fluctuations from negative values to moderate positive values, with some quarters experiencing substantial losses, such as October 31, 2018 (-10 million US$) and January 31, 2025 (-151 million US$). Notably, peaks in operating income can be observed in quarters like January 31, 2021 (1914 million US$) and October 31, 2023 (3105 million US$). Toward the latter part of the timeline, operating income generally exhibits an upward trend with occasional dips, indicating variability but an overall increase in profitability from operations.

Net Revenue

Net revenue consistently increases over the timeframe. Starting at 1,016 million US$ in October 31, 2018, revenue increases with some fluctuations and seasonal spikes in certain quarters. For example, April 30, 2021 and October 31, 2024 show notably high revenue values of 4,173 million US$ and 7,754 million US$ respectively. The data demonstrates sustained growth in net revenue, with regular quarterly variations typical of business cycles. The upward trajectory suggests expanding sales or pricing power over time.

Operating Profit Margin

The operating profit margin data starts from April 30, 2019. Initially, margins are high, exceeding 26% during most quarters between 2019 and early 2021, reflecting strong operational efficiency. However, from late 2021 onward, margins experience a downward correction, dropping below 20% during January 31, 2023, and April 30, 2023. Toward the most recent quarters, operating profit margins show signs of recovery, edging back above 22% and reaching 24.38% by April 30, 2025. This trend suggests the company faced increased operational costs or competitive pressures affecting margin but is regaining efficiency or applying effective cost controls subsequently.

Overall Insights

The combined data indicates a company with growing revenue and fluctuating but largely positive operating income. While the operating profit margin declined mid-period, recent improvements forecast better profitability management. The intermittent dips in operating income amid a general revenue uptrend may point to episodic investments, cost spikes, or strategic shifts impacting profitability temporarily. Nevertheless, the broad pattern is one of growth and improving operational metrics toward the latest reporting periods.

Net Income

The net income figures exhibit considerable volatility across the reported quarters. Initial values in late 2018 and early 2019 indicate positive income peaks, such as 189 million and 1378 million, followed by a negative value of -44 million in mid-2019. Subsequent quarters show recovery and growth with occasional declines, including a notable dip to -56 million in late 2021 and -20 million in late 2024. However, there is a distinct overall upward trend in net income moving from 20 million in early 2021 to 2820 million in mid-2025. This suggests periodic fluctuations likely attributable to varying operational or market conditions but culminating in significant income growth over the longer term.

Net Revenue

Net revenue displays a clear and consistent upward trajectory over the span of the data. Starting from 1016 million in late 2018, the figures show significant increases quarter over quarter, with some fluctuations in the mid periods. By early 2021, net revenue reaches above 4000 million, and by mid-2025, it advances to approximately 7754 million. This steady increase in revenue indicates strong sales performance and successful expansion or scaling of business activities.

Net Profit Margin

Profit margins are available from mid-2019 onward, revealing a general pattern of gradual decline followed by stabilization and slight improvement. Initial margins near 23% decline to a low around 14% by early 2023. Subsequently, margins recover and improve moderately to about 19% by mid-2025. The early decline suggests increasing costs or pricing pressures during that period, while the later recovery implies effective cost management or enhanced pricing strategies leading to improved profitability ratios despite the larger revenue base.

Summary of Trends

Overall, the financial data suggest that the entity experienced variability in profitability during the mid-periods, with occasional quarters of negative net income impacting net profit margin. Nevertheless, the long-term trend is characterized by significant growth in net revenue and a recovery of profit margins. The increase in net income, particularly pronounced in the latest quarters, aligns with rising revenues and indicates improved operational efficiency or market positioning over time. Periods of negative income and declining margins highlight challenges that were subsequently managed effectively, resulting in a positive growth trajectory toward the end of the reporting horizon.

The analysis of the quarterly financial data reveals several noteworthy trends in net income, stockholders' equity, and return on equity (ROE) for the company over the observed periods.

Net Income

Net income exhibits significant volatility throughout the quarters. It swings between negative and positive values multiple times, indicating fluctuations in profitability. For instance, the initial periods recorded a net income of 34 million US dollars followed by sharp increases to as high as 1,464 million US dollars. However, intermittent quarters show net losses, such as -44 million and -56 million. From 2020 onwards, larger positive spikes in net income are visible, especially in April 2021 (1,794 million), July 2023 (2,389 million), and July 2024 (2,820 million), suggesting periods of robust earnings. Despite these peaks, the data reflect recurring quarters with relatively lower or negative net income, pointing to inconsistent earnings performance during the timeline.

Stockholders’ Equity

Stockholders’ equity demonstrates a consistent upward trend over the examined periods. Beginning at 2,782 million US dollars, it increases steadily with minor fluctuations, reaching 20,125 million US dollars by April 2025. Notably, equity values notably accelerated from mid-2020 onward, crossing thresholds such as 9,868 million in early 2021 and surpassing 18,000 million in late 2024. This upward trajectory indicates ongoing capital accumulation and potential retention of earnings, enhancing the overall financial strength and investor equity in the company.

Return on Equity (ROE)

ROE figures, available starting from July 2019, initially exhibit high values exceeding 40%, reflecting strong profitability relative to equity. However, following these peaks, ROE trends downward to stabilize between approximately 11% and 17% from 2020 onwards. This decline and moderation suggest an adjustment phase, where earnings growth did not keep pace proportionally with rising equity levels. Despite this, a gradual improvement in ROE is evident in the later quarters, rising from around 12% in early 2022 to over 17% by April 2025, indicating improving efficiency in generating profits from shareholder investments.

Overall, the financial data outlines a company experiencing fluctuations in net income with pronounced earnings peaks and troughs, a steady increase in equity reflecting strengthened capitalization, and an ROE that normalizes to sustainable levels after initial high values, with recent signs of improvement in profitability metrics.

The financial data exhibits notable fluctuations and trends across key metrics such as net income, total assets, and return on assets (ROA) over multiple quarters.

Net Income

Net income demonstrates significant volatility throughout the periods analyzed. Initial quarters show relatively modest positive values with occasional negative outcomes, such as a sharp loss in the July 31, 2019 quarter (-44 million USD) and again in October 31, 2022 (-56 million USD). Subsequently, net income experiences marked growth, reaching peak values in recent quarters, including 2087 million USD in July 31, 2023 and 2820 million USD in October 31, 2024. Despite this upward trend, the data still reflects intermittent downturns, indicating variability in profitability from quarter to quarter.

Total Assets

Total assets exhibit a general upward trajectory over the observed timeframe. Starting from a base of 4928 million USD in October 31, 2018, assets mostly increase, peaking at 36593 million USD by July 31, 2024. Although minor declines occur in some quarters—such as from April 30, 2019 (6917 million USD) to July 31, 2019 (6283 million USD) and a slight fall toward October 31, 2024 (31682 million USD)—the overall trend reflects growth in asset base, indicating expansion and increased resource accumulation.

Return on Assets (ROA)

ROA data begins with missing values and becomes consistently available from the July 31, 2019 quarter onward. Initially, ROA was relatively high, peaking above 24% in the earlier quarters (October 31, 2019 to January 31, 2020). Over subsequent periods, it gradually declines and stabilizes within a range of approximately 6.93% to 9.73%. Recent quarters show a moderately improving ROA trend, suggesting enhanced efficiency or profitability relative to the asset base, albeit at levels lower than the initial peaks.

In summary, the company’s financial data portrays a complex picture where net income is uneven but demonstrates an overall increase over time, total assets rise steadily with minor fluctuations, and ROA presents a declining trend from high initial values with moderate recovery in recent periods. This implies that while the company is growing its asset base and net earnings, the efficiency of asset use experienced a dip before stabilizing at a moderate level.