Synopsys vs Atlassian
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The short version
- Synopsys is the larger business, with $7.1B of revenue in fiscal 2025 against $6.6B for Atlassian.
- Atlassian grew revenue faster (26.0%, against 15.1%).
- Synopsys kept more of each dollar of sales as operating profit (13.0% operating margin, against 0.2%).
- Atlassian turned more of its sales into free cash flow (20.1% FCF margin, against 19.1%).
| Latest fiscal year | SNPS · FY25 | TEAM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $82.7B | $59.2B |
| Revenue | $7.1B | $6.6B |
| Free cash flow | $1.3B | $1.3B |
| Net income | $1.3B | −$53.8M |
| Growth | ||
| Revenue growth | 15.1% | 26.0% |
| 5-year growth | 13.9% | 25.8% |
| Share count change | 6.2% | −0.6% |
| Profitability | ||
| Gross margin | 77.0% | 84.8% |
| Operating margin | 13.0% | 0.2% |
| Net margin | 18.9% | −0.8% |
| FCF margin | 19.1% | 20.1% |
| Return on capital | 4.0% | — |
| Return on equity | 7.1% | −4.5% |
| Balance sheet | ||
| Net debt | $10.5B | −$250M |
| Net debt / EBITDA | 6.7x | −1.7x |
| Dividends and buybacks | $0.0M | $1.8B |
| Valuation & quality | ||
| P/E | 75.2x | — |
| Piotroski F-score | 3 | 7 |
Revenue
FY17
SNPS $2.7B
TEAM $620M
FY18
SNPS $3.1B
TEAM $874M
FY19
SNPS $3.4B
TEAM $1.2B
FY20
SNPS $3.7B
TEAM $1.6B
FY21
SNPS $4.2B
TEAM $2.1B
FY22
SNPS $5.1B
TEAM $2.8B
FY23
SNPS $5.3B
TEAM $3.5B
FY24
SNPS $6.1B
TEAM $4.4B
FY25
SNPS $7.1B
TEAM $5.2B
FY26
SNPS —
TEAM $6.6B
SNPS
TEAM
Operating margin
FY17
SNPS 12.8%
TEAM −9.0%
FY18
SNPS 11.5%
TEAM −5.3%
FY19
SNPS 15.5%
TEAM −5.2%
FY20
SNPS 16.8%
TEAM 0.9%
FY21
SNPS 17.5%
TEAM 6.8%
FY22
SNPS 22.6%
TEAM 2.5%
FY23
SNPS 23.9%
TEAM −9.8%
FY24
SNPS 22.1%
TEAM −2.7%
FY25
SNPS 13.0%
TEAM −2.5%
FY26
SNPS —
TEAM 0.2%
SNPS
TEAM
Free cash flow
FY17
SNPS $562M
TEAM $198M
FY18
SNPS $325M
TEAM $281M
FY19
SNPS $602M
TEAM $422M
FY20
SNPS $837M
TEAM $539M
FY21
SNPS $1.4B
TEAM $758M
FY22
SNPS $1.6B
TEAM $750M
FY23
SNPS $1.5B
TEAM $842M
FY24
SNPS $1.3B
TEAM $1.4B
FY25
SNPS $1.3B
TEAM $1.4B
FY26
SNPS —
TEAM $1.3B
SNPS
TEAM
Return on capital
FY17
SNPS 7.8%
TEAM —
FY18
SNPS 13.7%
TEAM —
FY19
SNPS 16.0%
TEAM —
FY20
SNPS 17.1%
TEAM —
FY21
SNPS 18.4%
TEAM —
FY22
SNPS 26.0%
TEAM —
FY23
SNPS 27.7%
TEAM —
FY24
SNPS 26.5%
TEAM —
FY25
SNPS 4.0%
TEAM —
FY26
SNPS —
TEAM —
SNPS
TEAM
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.