OpenText
OTEX Β· Application Software
$27.95
0.0%Atlassian
TEAM Β· Application Software
$227.61
2.0%The short version
- Atlassian is the larger business, with $6.6B of revenue in fiscal 2026 against $5.2B for OpenText.
- Atlassian grew revenue faster (26.0%, against 1.5%).
- OpenText kept more of each dollar of sales as operating profit (20.6% operating margin, against 0.2% operating margin).
- Atlassian turned more of its sales into free cash flow (20.1% FCF margin, against 15.4% FCF margin).
| Latest fiscal year | OTEX Β· FY26 | TEAM Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.0B | $59.2B |
| Revenue | $5.2B | $6.6B |
| Free cash flow | $808M | $1.3B |
| Net income | $643M | β$53.8M |
| Growth | ||
| Revenue growth | 1.5% | 26.0% |
| 5-year growth | 9.2% | 25.8% |
| Share count change | β5.4% | β0.6% |
| Profitability | ||
| Gross margin | 73.7% | 84.8% |
| Operating margin | 20.6% | 0.2% |
| Net margin | 12.3% | β0.8% |
| FCF margin | 15.4% | 20.1% |
| Return on capital | 9.0% | β |
| Return on equity | 16.2% | β4.5% |
| Balance sheet | ||
| Net debt | $4.8B | β$250M |
| Net debt / EBITDA | 3.2x | β1.7x |
| Dividends and buybacks | $685M | $1.8B |
| Valuation & quality | ||
| P/E | 10.8x | β |
| Piotroski F-score | 9 | 7 |
FY17
OTEX $2.3B
TEAM $620M
FY18
OTEX $2.8B
TEAM $874M
FY19
OTEX $2.9B
TEAM $1.2B
FY20
OTEX $3.1B
TEAM $1.6B
FY21
OTEX $3.4B
TEAM $2.1B
FY22
OTEX $3.5B
TEAM $2.8B
FY23
OTEX $4.5B
TEAM $3.5B
FY24
OTEX $5.8B
TEAM $4.4B
FY25
OTEX $5.2B
TEAM $5.2B
FY26
OTEX $5.2B
TEAM $6.6B
OTEX
TEAM
FY17
OTEX 15.5%
TEAM β9.0%
FY18
OTEX 18.0%
TEAM β5.3%
FY19
OTEX 19.8%
TEAM β5.2%
FY20
OTEX 16.2%
TEAM 0.9%
FY21
OTEX 21.9%
TEAM 6.8%
FY22
OTEX 18.5%
TEAM 2.5%
FY23
OTEX 11.5%
TEAM β9.8%
FY24
OTEX 15.4%
TEAM β2.7%
FY25
OTEX 17.3%
TEAM β2.5%
FY26
OTEX 20.6%
TEAM 0.2%
OTEX
TEAM
FY17
OTEX $361M
TEAM $198M
FY18
OTEX $603M
TEAM $281M
FY19
OTEX $812M
TEAM $422M
FY20
OTEX $882M
TEAM $539M
FY21
OTEX $812M
TEAM $758M
FY22
OTEX $889M
TEAM $750M
FY23
OTEX $655M
TEAM $842M
FY24
OTEX $808M
TEAM $1.4B
FY25
OTEX $687M
TEAM $1.4B
FY26
OTEX $808M
TEAM $1.3B
OTEX
TEAM
FY17
OTEX 8.4%
TEAM β
FY18
OTEX 5.6%
TEAM β
FY19
OTEX 6.6%
TEAM β
FY20
OTEX 5.7%
TEAM β
FY21
OTEX 5.9%
TEAM β
FY22
OTEX 7.9%
TEAM β
FY23
OTEX 3.9%
TEAM β
FY24
OTEX 5.4%
TEAM β
FY25
OTEX 8.7%
TEAM β
FY26
OTEX 9.0%
TEAM β
OTEX
TEAM
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.