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Side-by-side financial comparison of MSC INDUSTRIAL DIRECT CO INC (MSM) and Atlassian Corp (TEAM). Click either name above to swap in a different company.
Atlassian Corp is the larger business by last-quarter revenue ($1.6B vs $965.7M, roughly 1.6× MSC INDUSTRIAL DIRECT CO INC). MSC INDUSTRIAL DIRECT CO INC runs the higher net margin — 5.4% vs -2.7%, a 8.1% gap on every dollar of revenue. On growth, Atlassian Corp posted the faster year-over-year revenue change (23.3% vs 4.0%). Atlassian Corp produced more free cash flow last quarter ($168.5M vs $7.4M).
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products.
The Dragoneer Investment Group (Dragoneer) is an American investment firm based in San Francisco, California. The firm focuses on technology investments in both public and private markets globally.
MSM vs TEAM — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $965.7M | $1.6B |
| Net Profit | $51.8M | $-42.6M |
| Gross Margin | 40.7% | 85.0% |
| Operating Margin | 7.9% | -3.0% |
| Net Margin | 5.4% | -2.7% |
| Revenue YoY | 4.0% | 23.3% |
| Net Profit YoY | 11.1% | -11.6% |
| EPS (diluted) | $0.93 | $-0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $965.7M | $1.6B | ||
| Q3 25 | $978.2M | $1.4B | ||
| Q2 25 | $971.1M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $928.5M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $979.4M | — | ||
| Q1 24 | $935.3M | $1.2B |
| Q4 25 | $51.8M | $-42.6M | ||
| Q3 25 | $56.5M | $-51.9M | ||
| Q2 25 | $56.8M | $-23.9M | ||
| Q1 25 | — | $-70.8M | ||
| Q4 24 | $46.6M | $-38.2M | ||
| Q3 24 | — | $-123.8M | ||
| Q2 24 | $71.7M | — | ||
| Q1 24 | $61.8M | $12.8M |
| Q4 25 | 40.7% | 85.0% | ||
| Q3 25 | 40.4% | 82.0% | ||
| Q2 25 | 41.0% | 83.1% | ||
| Q1 25 | — | 83.8% | ||
| Q4 24 | 40.7% | 82.7% | ||
| Q3 24 | — | 81.7% | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | 82.1% |
| Q4 25 | 7.9% | -3.0% | ||
| Q3 25 | 8.6% | -6.7% | ||
| Q2 25 | 8.5% | -2.1% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | 7.8% | -4.5% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 9.7% | 1.5% |
| Q4 25 | 5.4% | -2.7% | ||
| Q3 25 | 5.8% | -3.6% | ||
| Q2 25 | 5.9% | -1.7% | ||
| Q1 25 | — | -5.2% | ||
| Q4 24 | 5.0% | -3.0% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 6.6% | 1.1% |
| Q4 25 | $0.93 | $-0.16 | ||
| Q3 25 | $1.02 | $-0.20 | ||
| Q2 25 | $1.02 | $-0.08 | ||
| Q1 25 | — | $-0.27 | ||
| Q4 24 | $0.83 | $-0.15 | ||
| Q3 24 | — | $-0.48 | ||
| Q2 24 | $1.27 | — | ||
| Q1 24 | $1.10 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.3M | $1.6B |
| Total DebtLower is stronger | $214.1M | — |
| Stockholders' EquityBook value | $1.4B | $1.6B |
| Total Assets | $2.5B | $6.2B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.3M | $1.6B | ||
| Q3 25 | $56.2M | $2.8B | ||
| Q2 25 | $71.7M | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $57.3M | $2.5B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $25.9M | — | ||
| Q1 24 | $22.2M | $2.1B |
| Q4 25 | $214.1M | — | ||
| Q3 25 | $168.8M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $289.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $299.8M | — | ||
| Q1 24 | $294.5M | — |
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $2.5B | $6.2B | ||
| Q3 25 | $2.5B | $5.7B | ||
| Q2 25 | $2.5B | $6.0B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $2.5B | $5.4B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | $5.1B |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.4M | $177.8M |
| Free Cash FlowOCF − Capex | $7.4M | $168.5M |
| FCF MarginFCF / Revenue | 0.8% | 10.6% |
| Capex IntensityCapex / Revenue | 2.3% | 0.6% |
| Cash ConversionOCF / Net Profit | 0.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.4M | $177.8M | ||
| Q3 25 | — | $128.7M | ||
| Q2 25 | $151.6M | $375.3M | ||
| Q1 25 | — | $652.7M | ||
| Q4 24 | $101.9M | $351.9M | ||
| Q3 24 | — | $80.5M | ||
| Q2 24 | $143.5M | — | ||
| Q1 24 | $78.7M | $565.4M |
| Q4 25 | $7.4M | $168.5M | ||
| Q3 25 | — | $114.6M | ||
| Q2 25 | $100.7M | $360.3M | ||
| Q1 25 | — | $638.3M | ||
| Q4 24 | $81.7M | $342.6M | ||
| Q3 24 | — | $74.3M | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $53.4M | $554.9M |
| Q4 25 | 0.8% | 10.6% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | 10.4% | 26.0% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | 8.8% | 26.6% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 5.7% | 46.7% |
| Q4 25 | 2.3% | 0.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 5.2% | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 2.2% | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.67× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.27× | 44.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSM
Segment breakdown not available.
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
