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Atlassian Corp（TEAM）与Tennessee Valley Authority（TVE）财务数据对比。点击上方公司名可切换其他公司
Tennessee Valley Authority的季度营收约是Atlassian Corp的1.9倍（$3.0B vs $1.6B），Tennessee Valley Authority净利率更高（8.7% vs -2.7%，领先11.4%），Atlassian Corp同比增速更快（23.3% vs 4.4%），Atlassian Corp自由现金流更多（$168.5M vs $-814.0M）
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
田纳西河流域管理局（TVA）是美国联邦政府所有的电力公用事业企业，服务范围覆盖田纳西州全境，以及阿拉巴马州、密西西比州、肯塔基州的部分区域，还涵盖佐治亚州、北卡罗来纳州、弗吉尼亚州的小块区域。该企业虽归属联邦政府，但不依赖纳税人资金运营，运营模式与私营盈利企业类似，总部位于田纳西州诺克斯维尔。
TEAM vs TVE — 直观对比
营收规模更大
TVE
是对方的1.9倍
$1.6B
营收增速更快
TEAM
高出18.9%
4.4%
净利率更高
TVE
高出11.4%
-2.7%
自由现金流更多
TEAM
多$982.5M
$-814.0M
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $3.0B |
| 净利润 | $-42.6M | $266.0M |
| 毛利率 | 85.0% | — |
| 营业利润率 | -3.0% | 18.1% |
| 净利率 | -2.7% | 8.7% |
| 营收同比 | 23.3% | 4.4% |
| 净利润同比 | -11.6% | 112.8% |
| 每股收益（稀释后） | $-0.16 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TEAMTVE
| Q4 25 | $1.6B | $3.0B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.2B | $3.5B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | $1.2B | $3.2B |
净利润TEAMTVE
| Q4 25 | $-42.6M | $266.0M | ||
| Q3 25 | $-51.9M | $615.0M | ||
| Q2 25 | $-23.9M | $212.0M | ||
| Q1 25 | $-70.8M | $408.0M | ||
| Q4 24 | $-38.2M | $125.0M | ||
| Q3 24 | $-123.8M | $520.0M | ||
| Q2 24 | — | $181.0M | ||
| Q1 24 | $12.8M | $307.0M |
毛利率TEAMTVE
| Q4 25 | 85.0% | — | ||
| Q3 25 | 82.0% | — | ||
| Q2 25 | 83.1% | — | ||
| Q1 25 | 83.8% | — | ||
| Q4 24 | 82.7% | — | ||
| Q3 24 | 81.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 82.1% | — |
营业利润率TEAMTVE
| Q4 25 | -3.0% | 18.1% | ||
| Q3 25 | -6.7% | 23.6% | ||
| Q2 25 | -2.1% | 15.6% | ||
| Q1 25 | -0.9% | 20.3% | ||
| Q4 24 | -4.5% | 14.1% | ||
| Q3 24 | -2.7% | 22.7% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | 1.5% | 18.4% |
净利率TEAMTVE
| Q4 25 | -2.7% | 8.7% | ||
| Q3 25 | -3.6% | 15.7% | ||
| Q2 25 | -1.7% | 6.4% | ||
| Q1 25 | -5.2% | 11.6% | ||
| Q4 24 | -3.0% | 4.3% | ||
| Q3 24 | -10.4% | 14.8% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | 1.1% | 9.7% |
每股收益（稀释后）TEAMTVE
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.27 | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.48 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.05 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $501.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | — |
| 总资产 | $6.2B | $59.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TEAMTVE
| Q4 25 | $1.6B | $501.0M | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.9B | $501.0M | ||
| Q1 25 | $3.0B | $502.0M | ||
| Q4 24 | $2.5B | $507.0M | ||
| Q3 24 | $2.2B | $502.0M | ||
| Q2 24 | — | $501.0M | ||
| Q1 24 | $2.1B | $508.0M |
总债务TEAMTVE
| Q4 25 | — | — | ||
| Q3 25 | — | $22.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $19.1B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TEAMTVE
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.1B | — |
总资产TEAMTVE
| Q4 25 | $6.2B | $59.5B | ||
| Q3 25 | $5.7B | $60.9B | ||
| Q2 25 | $6.0B | $59.9B | ||
| Q1 25 | $5.9B | $59.3B | ||
| Q4 24 | $5.4B | $58.4B | ||
| Q3 24 | $5.0B | $57.7B | ||
| Q2 24 | — | $56.2B | ||
| Q1 24 | $5.1B | $52.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $177.8M | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $168.5M | $-814.0M |
| 自由现金流率自由现金流/营收 | 10.6% | -26.7% |
| 资本支出强度资本支出/营收 | 0.6% | 37.5% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $-1.2B |
8季度趋势，按日历期对齐
经营现金流TEAMTVE
| Q4 25 | $177.8M | $330.0M | ||
| Q3 25 | $128.7M | $1.2B | ||
| Q2 25 | $375.3M | $615.0M | ||
| Q1 25 | $652.7M | $1.0B | ||
| Q4 24 | $351.9M | $450.0M | ||
| Q3 24 | $80.5M | $1.1B | ||
| Q2 24 | — | $508.0M | ||
| Q1 24 | $565.4M | $1.0B |
自由现金流TEAMTVE
| Q4 25 | $168.5M | $-814.0M | ||
| Q3 25 | $114.6M | $233.0M | ||
| Q2 25 | $360.3M | $-431.0M | ||
| Q1 25 | $638.3M | $-176.0M | ||
| Q4 24 | $342.6M | $-759.0M | ||
| Q3 24 | $74.3M | $164.0M | ||
| Q2 24 | — | $-248.0M | ||
| Q1 24 | $554.9M | $276.0M |
自由现金流率TEAMTVE
| Q4 25 | 10.6% | -26.7% | ||
| Q3 25 | 8.0% | 6.0% | ||
| Q2 25 | 26.0% | -13.0% | ||
| Q1 25 | 47.0% | -5.0% | ||
| Q4 24 | 26.6% | -26.0% | ||
| Q3 24 | 6.3% | 4.7% | ||
| Q2 24 | — | -8.6% | ||
| Q1 24 | 46.7% | 8.8% |
资本支出强度TEAMTVE
| Q4 25 | 0.6% | 37.5% | ||
| Q3 25 | 1.0% | 25.9% | ||
| Q2 25 | 1.1% | 31.6% | ||
| Q1 25 | 1.1% | 33.6% | ||
| Q4 24 | 0.7% | 41.4% | ||
| Q3 24 | 0.5% | 25.6% | ||
| Q2 24 | — | 26.3% | ||
| Q1 24 | 0.9% | 24.2% |
现金转化率TEAMTVE
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 2.03× | ||
| Q2 25 | — | 2.90× | ||
| Q1 25 | — | 2.48× | ||
| Q4 24 | — | 3.60× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | 44.34× | 3.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
TVE
| TN | $2.0B | 65% |
| AL | $449.0M | 15% |
| MS | $266.0M | 9% |
| KY | $193.0M | 6% |
| GA | $75.0M | 2% |
| Federal Agencies And Other | $29.0M | 1% |
| NC | $23.0M | 1% |
| VA | $12.0M | 0% |
| Off System Sales Member | $2.0M | 0% |
