Atlassian vs Toast
Atlassian and Toast are similar in size: $6.57bn and $6.15bn of revenue in their latest fiscal years. Atlassian grew faster (26.0% against 24.1%). Toast kept more of each dollar of sales as profit: a net margin of 5.6% against -0.8%.
| Latest fiscal year | AtlassianTEAM, 2026 | ToastTOST, 2025 |
|---|---|---|
| Revenue | $6.57bn | $6.15bn |
| Revenue growth | 26.0% | 24.1% |
| Net income | −$53.8m | $342m |
| Operating margin | 0.2% | — |
| Net margin | -0.8% | 5.6% |
| Return on equity | -4.5% | 18.6% |
| Free cash flow | $1.32bn | $608m |
| Cash | $1.24bn | $1.35bn |
| Total debt | $990m | $0 |
| Debt to equity | 93.5% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $1.80bn | $107m |
| Employees | 13,301 | 6,500 |
| Market value | $47.97bn | $20.05bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 48 (Moderate) | 36 (Weak) |
| Insider trades, 12 months | 2 buys, 912 sales | 0 buys, 57 sales |