TEAMAtlassian Corporation

$227.60+52% 1Y
Latest close: a new 52-week highOct 23, 2026what changed →

Is the business good?

Good

Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 3 without data
Margin direction, 3 years+9.4 ptsderived

Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is TEAM?

Atlassian Corporation earns 1.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

1.0%

Return on invested capital · cost of capital 9.0% · 8.0 points below what the capital costs: growth destroys value

Operating margin
0.16%

Operating margin · Software - Application median 6.9% · 12 months to Q4 2026

R&D as % of revenue
50%

R&D as % of revenue

Gross margin
85%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY20216.8%
FY20222.5%
FY2023−9.8%
FY2024−2.7%
FY2025−2.5%
FY20260.16%
Details›
Gross margin12 months to Q4 2026
85%
Operating margin12 months to Q4 2026
0.16%
Net margin12 months to Q4 2026
−0.82%
Free cash flow margin
20%
R&D as % of revenue
50%
Revenue, trailing twelve months
$6.57B
Free cash flow, trailing twelve months
$1.32B
Net income, trailing twelve months
−$54M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
1.0%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.