TEAM vs WDAY: Atlassian Corp Plc and Workday compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Atlassian Corp Plc is the larger company, worth $56.2B, close to Workday's $51.7B.
- Atlassian Corp Plc grew revenue faster over the last year (+27.6% vs +12.8%).
- Workday keeps more of each dollar of revenue as operating profit (10.7% vs 0.2%).
- Atlassian Corp Plc's price assumes faster free cash flow growth: about 15% a year, against 4% for Workday (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | TEAM | WDAY |
|---|---|---|
| Market cap | $56.2B | $51.7B |
| Share price | $206.79 | $186.59 |
| Revenue (last fiscal year) | $6.6B | $9.6B |
| Free cash flow (last fiscal year) | $1.3B | $2.8B |
| Revenue growth, last year | +27.6% | +12.8% |
| Revenue growth per year, last 5 fiscal years | +23.7% | +16.8% |
| Operating margin | 0.16% | 10.7% |
| Net margin | -0.82% | 12.3% |
| Return on equity | -5.1% | 19.4% |
| P/E (trailing) | — | 80.0x |
| Price / free cash flow | 39.7x | 18.6x |
| EV / EBITDA | 260.3x | 29.0x |
| FCF growth the price implies | 14.9% | 4.1% |
| Dividend yield | — | — |
| Debt / equity | 4.77x | 1.45x |
| Fundamental grade | D | C |
| Superinvestors holding it | 2 | 6 |
| Insider purchases, last 12 months | 0 | 6 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Atlassian Corp Plc
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.8B | $750M | 2.5% |
| 2023 | $3.5B | $842M | -9.8% |
| 2024 | $4.4B | $1.4B | -2.7% |
| 2025 | $5.2B | $1.4B | -2.5% |
| 2026 | $6.6B | $1.3B | 0.16% |
Workday
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $5.1B | — | -2.3% |
| 2023 | $6.2B | $1.3B | -3.6% |
| 2024 | $7.3B | $1.9B | 2.5% |
| 2025 | $8.4B | $2.2B | 4.9% |
| 2026 | $9.6B | $2.8B | 7.5% |
Where the revenue comes from
Atlassian Corp Plc · by products, 2026
Cloud$4.4B67%
Data Center$1.8B28%
Marketplace and other$331M5%
Workday · by products, 2026
Subscription services$8.8B92%
Costs of professional services$719M8%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open TEAM in InvestinglyQuestions
Which is bigger, Atlassian Corp Plc or Workday?
Atlassian Corp Plc (TEAM), at $56.2B against $51.7B.
Which grows faster, TEAM or WDAY?
Atlassian Corp Plc: revenue grew +27.6% over the last year, against +12.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.