vs

Side-by-side financial comparison of Atlassian Corp (TEAM) and Welltower (WELL). Click either name above to swap in a different company.

Welltower is the larger business by last-quarter revenue ($3.4B vs $1.8B, roughly 1.9× Atlassian Corp). Welltower runs the higher net margin — 22.4% vs -5.5%, a 28.0% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (38.3% vs 31.7%). Over the past eight quarters, Welltower's revenue compounded faster (55.1% CAGR vs 22.6%).

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.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

TEAM vs WELL — Head-to-Head

Bigger by revenue
WELL
WELL
1.9× larger
WELL
$3.4B
$1.8B
TEAM
Growing faster (revenue YoY)
WELL
WELL
+6.6% gap
WELL
38.3%
31.7%
TEAM
Higher net margin
WELL
WELL
28.0% more per $
WELL
22.4%
-5.5%
TEAM
Faster 2-yr revenue CAGR
WELL
WELL
Annualised
WELL
55.1%
22.6%
TEAM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
TEAM
TEAM
WELL
WELL
Revenue
$1.8B
$3.4B
Net Profit
$-98.4M
$752.3M
Gross Margin
85.3%
Operating Margin
11.6%
Net Margin
-5.5%
22.4%
Revenue YoY
31.7%
38.3%
Net Profit YoY
-39.0%
192.4%
EPS (diluted)
$-0.38

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.

Revenue
TEAM
TEAM
WELL
WELL
Q1 26
$1.8B
$3.4B
Q4 25
$1.6B
$2.6B
Q3 25
$1.4B
$2.1B
Q2 25
$1.4B
$2.0B
Q1 25
$1.4B
$1.9B
Q4 24
$1.3B
$1.8B
Q3 24
$1.2B
$1.5B
Q2 24
$1.4B
Net Profit
TEAM
TEAM
WELL
WELL
Q1 26
$-98.4M
$752.3M
Q4 25
$-42.6M
$117.8M
Q3 25
$-51.9M
$282.2M
Q2 25
$-23.9M
$304.6M
Q1 25
$-70.8M
$257.3M
Q4 24
$-38.2M
$123.8M
Q3 24
$-123.8M
$456.8M
Q2 24
$260.7M
Gross Margin
TEAM
TEAM
WELL
WELL
Q1 26
85.3%
Q4 25
85.0%
24.3%
Q3 25
82.0%
23.5%
Q2 25
83.1%
23.2%
Q1 25
83.8%
21.6%
Q4 24
82.7%
20.0%
Q3 24
81.7%
19.8%
Q2 24
20.2%
Operating Margin
TEAM
TEAM
WELL
WELL
Q1 26
11.6%
Q4 25
-3.0%
Q3 25
-6.7%
14.2%
Q2 25
-2.1%
15.1%
Q1 25
-0.9%
10.7%
Q4 24
-4.5%
6.2%
Q3 24
-2.7%
12.2%
Q2 24
6.5%
Net Margin
TEAM
TEAM
WELL
WELL
Q1 26
-5.5%
22.4%
Q4 25
-2.7%
4.6%
Q3 25
-3.6%
13.7%
Q2 25
-1.7%
15.5%
Q1 25
-5.2%
13.8%
Q4 24
-3.0%
7.0%
Q3 24
-10.4%
30.2%
Q2 24
18.7%
EPS (diluted)
TEAM
TEAM
WELL
WELL
Q1 26
$-0.38
Q4 25
$-0.16
$0.13
Q3 25
$-0.20
$0.41
Q2 25
$-0.08
$0.45
Q1 25
$-0.27
$0.40
Q4 24
$-0.15
$0.20
Q3 24
$-0.48
$0.73
Q2 24
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TEAM
TEAM
WELL
WELL
Cash + ST InvestmentsLiquidity on hand
$1.1B
$4.7B
Total DebtLower is stronger
$989.1M
Stockholders' EquityBook value
$879.0M
$44.7B
Total Assets
$5.7B
$67.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TEAM
TEAM
WELL
WELL
Q1 26
$1.1B
$4.7B
Q4 25
$1.6B
$5.0B
Q3 25
$2.8B
$6.8B
Q2 25
$2.9B
$4.4B
Q1 25
$3.0B
$3.5B
Q4 24
$2.5B
$3.5B
Q3 24
$2.2B
$3.6B
Q2 24
$2.8B
Total Debt
TEAM
TEAM
WELL
WELL
Q1 26
$989.1M
Q4 25
$19.2B
Q3 25
$16.9B
Q2 25
$16.0B
Q1 25
$15.7B
Q4 24
$15.5B
Q3 24
$15.8B
Q2 24
$13.9B
Stockholders' Equity
TEAM
TEAM
WELL
WELL
Q1 26
$879.0M
$44.7B
Q4 25
$1.6B
$42.1B
Q3 25
$1.4B
$38.8B
Q2 25
$1.3B
$35.9B
Q1 25
$1.4B
$34.0B
Q4 24
$1.2B
$32.0B
Q3 24
$1.0B
$30.3B
Q2 24
$29.0B
Total Assets
TEAM
TEAM
WELL
WELL
Q1 26
$5.7B
$67.2B
Q4 25
$6.2B
$67.3B
Q3 25
$5.7B
$59.5B
Q2 25
$6.0B
$55.8B
Q1 25
$5.9B
$53.3B
Q4 24
$5.4B
$51.0B
Q3 24
$5.0B
$49.0B
Q2 24
$45.5B
Debt / Equity
TEAM
TEAM
WELL
WELL
Q1 26
1.13×
Q4 25
0.46×
Q3 25
0.43×
Q2 25
0.44×
Q1 25
0.46×
Q4 24
0.49×
Q3 24
0.52×
Q2 24
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TEAM
TEAM
WELL
WELL
Operating Cash FlowLast quarter
$567.5M
Free Cash FlowOCF − Capex
$561.3M
FCF MarginFCF / Revenue
31.4%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TEAM
TEAM
WELL
WELL
Q1 26
$567.5M
Q4 25
$177.8M
$654.3M
Q3 25
$128.7M
$858.4M
Q2 25
$375.3M
$770.0M
Q1 25
$652.7M
$599.0M
Q4 24
$351.9M
$559.2M
Q3 24
$80.5M
$685.0M
Q2 24
$605.4M
Free Cash Flow
TEAM
TEAM
WELL
WELL
Q1 26
$561.3M
Q4 25
$168.5M
$340.4M
Q3 25
$114.6M
$595.3M
Q2 25
$360.3M
$537.2M
Q1 25
$638.3M
$358.6M
Q4 24
$342.6M
$240.4M
Q3 24
$74.3M
$443.8M
Q2 24
$440.3M
FCF Margin
TEAM
TEAM
WELL
WELL
Q1 26
31.4%
Q4 25
10.6%
13.3%
Q3 25
8.0%
28.9%
Q2 25
26.0%
27.3%
Q1 25
47.0%
19.2%
Q4 24
26.6%
13.6%
Q3 24
6.3%
29.4%
Q2 24
31.6%
Capex Intensity
TEAM
TEAM
WELL
WELL
Q1 26
0.3%
Q4 25
0.6%
12.3%
Q3 25
1.0%
12.8%
Q2 25
1.1%
11.8%
Q1 25
1.1%
12.9%
Q4 24
0.7%
18.1%
Q3 24
0.5%
16.0%
Q2 24
11.8%
Cash Conversion
TEAM
TEAM
WELL
WELL
Q1 26
Q4 25
5.56×
Q3 25
3.04×
Q2 25
2.53×
Q1 25
2.33×
Q4 24
4.52×
Q3 24
1.50×
Q2 24
2.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TEAM
TEAM

Cloud$1.1B63%
Data Center$560.7M31%
Marketplace and other (1)$93.8M5%

WELL
WELL

Resident fees and services$2.8B83%
Rental income$453.8M14%
Other$117.2M3%

Related Comparisons