TEAMAtlassian Corporation
Is the business good?
A genuinely good business: 7 of 9 health tests passed and margins widening.
7 of 9 health tests passed.
SEC EDGAR · Jun 30, 2026Margins widening.
worked out from the filingsAgainst the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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.
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 7.5% · 12 months to Q4 2026
- R&D as % of revenue
- 50%
R&D as % of revenue
- Gross margin
- 85%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 6.8% |
| FY2022 | 2.5% |
| FY2023 | −9.8% |
| FY2024 | −2.7% |
| FY2025 | −2.5% |
| FY2026 | 0.16% |
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.
Software, Application
Ranks #59 of 90 by RyuScore