Looking at margins, the SB/SE segment has the weakest gross margins, at a respectable 44%, with consumer at 63% and the strategic partner segment at 67%. The company's revenues are split almost 50/50, with a slightly heavier weighting in the small business/self-employed segment, which represents mostly QuickBooks revenue. Intuit is a leader in personal tax and small business software with its TurboTax and QuickBooks software suites. Taking all that into account and considering the company's valuation, I am not a buyer of Intuit today, but I will be looking to purchase on any weakness in this volatile market. There are risks to the business, however, in the form of any changes to tax legislation and concerns over the health of small businesses across the country. Additionally, management is making moves in the form of new acquisitions to transition the company into a personal finance powerhouse. Intuit has a sticky business model and will likely continue to be successful over the long term. Because of this, the company is merely 12% off of its highs as the market prices in little economic impact. In the case of Intuit (NYSE: NASDAQ: INTU), however, the company faces less severe risks to its business. In the case of my last article on Booking Holdings (NYSE: BKNG), I surmised that the business would stay viable despite being dealt a serious blow by COVID-19.

During times like these, I've been looking for companies with sustainable business models regardless of the economic environment.

Intuit mint founder