Intuit Inc (INTU)
Return on total capital
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,081,000 | 4,576,000 | 3,929,000 | 3,709,000 | 3,765,000 | 3,921,000 | 3,616,000 | 3,498,000 | 3,250,000 | 3,107,000 | 2,701,000 | 2,459,000 | 2,623,000 | 3,100,000 | 2,634,000 | 2,612,000 | 2,585,000 | 2,673,000 | 2,155,000 | 2,411,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,710,000 | 20,125,000 | 17,949,000 | 18,136,000 | 18,436,000 | 18,757,000 | 16,908,000 | 16,992,000 | 17,269,000 | 17,592,000 | 15,842,000 | 16,067,000 | 16,441,000 | 16,961,000 | 15,595,000 | 9,733,000 | 9,869,000 | 9,955,000 | 8,868,000 | 5,245,000 |
| Return on total capital | 25.78% | 22.74% | 21.89% | 20.45% | 20.42% | 20.90% | 21.39% | 20.59% | 18.82% | 17.66% | 17.05% | 15.30% | 15.95% | 18.28% | 16.89% | 26.84% | 26.19% | 26.85% | 24.30% | 45.97% |
July 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,081,000K ÷ ($—K + $19,710,000K)
= 25.78%
The analysis of Intuit Inc.'s return on total capital (ROTC) over the period from October 2020 to July 2025 reveals notable fluctuations and a general upward trend. Initially, in October 2020, the ROTC was exceptionally high at 45.97%, indicating a highly efficient utilization of capital during that period. However, this value experienced a sharp decline by January 2021, dropping to 24.30%, and subsequently stabilized in the mid-20% range through April and July of 2021, with values of 26.85% and 26.19%, respectively.
From October 2021 onwards, the ROTC remained relatively stable but trended downward, reaching a low of 15.30% in October 2022. This decline suggests that during this period, the company may have faced increased capital costs, investments in growth initiatives, or operational challenges affecting profitability relative to total capital employed.
Starting in January 2023, the ROTC showed signs of recovery, rising to 17.05%, and continued improving through 2023 and into 2024, with values of 17.66%, 18.82%, and 20.59%, respectively. The upward trajectory persisted into 2025, reaching 21.89% in January and 22.74% in April, with a significant peak of 25.78% in July 2025.
Overall, the long-term trend suggests that after a period of decline, Intuit Inc. has been gradually enhancing its efficiency in generating returns from total capital. The recent increases indicate improvements in operational performance, capital management, or profitability that bolster its ability to generate higher returns relative to its total capital base.
Peer comparison
Jul 31, 2025