Intuit: Undervalued prior to earnings call

Posting this an hour before Intuit drops earnings. I expect things to move fast on earnings day, but the long-term math is hard to ignore. Here is the quick breakdown on why the numbers work: • 80% Market Share: They own the US small business accounting market. Once a business is on QuickBooks, moving years of data is a nightmare. That is a massive moat. • Double Digit Growth: They have consistently grown revenue at 12% to 15% annually. For a company this size, that kind of compounding is rare. • 37% Operating Margins: Their adjusted margins are well above software average. They convert a huge chunk of every dollar into cash they can use for buybacks or R&D ($2.8 bil in buybacks in 2025) • 100 Million Members: The Credit Karma acquisition gave them data on a massive chunk of the US population. They aren't just selling software anymore. They are selling financial precision. • Taxes and accounting are non-discretionary. Even in a recession, businesses need to file and people need to track their money. • they are rolling out Intuit Assist to automate manu tasks. If they can increase productivity for an accountant by even 10%, they have massive pricing power. The stock is rarely cheap on a P/E basis, but you are paying for quality and a near-monopoly on the small business workflow. If guidance causes a dip tonight, it usually ends up being a noise-driven entry point for long-term holders. Full deep in dive and data points: https://only-signal.beehiiv.com/p/death-taxes-and-double-digits