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Atlassian Corp（TEAM）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是Zscaler, Inc.的2.0倍（$1.6B vs $788.1M），Zscaler, Inc.净利率更高（-1.5% vs -2.7%，领先1.2%），Zscaler, Inc.同比增速更快（25.5% vs 23.3%），Zscaler, Inc.自由现金流更多（$431.0M vs $168.5M）
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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
TEAM vs ZS — 直观对比
营收规模更大
TEAM
是对方的2.0倍
$788.1M
营收增速更快
ZS
高出2.2%
23.3%
净利率更高
ZS
高出1.2%
-2.7%
自由现金流更多
ZS
多$262.5M
$168.5M
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $788.1M |
| 净利润 | $-42.6M | $-11.6M |
| 毛利率 | 85.0% | 76.6% |
| 营业利润率 | -3.0% | -4.6% |
| 净利率 | -2.7% | -1.5% |
| 营收同比 | 23.3% | 25.5% |
| 净利润同比 | -11.6% | 3.6% |
| 每股收益（稀释后） | $-0.16 | $-0.07 |
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TEAMZS
| Q4 25 | $1.6B | $788.1M | ||
| Q3 25 | $1.4B | $719.2M | ||
| Q2 25 | $1.4B | $678.0M | ||
| Q1 25 | $1.4B | $647.9M | ||
| Q4 24 | $1.3B | $628.0M | ||
| Q3 24 | $1.2B | $592.9M | ||
| Q2 24 | — | $553.2M | ||
| Q1 24 | $1.2B | $525.0M |
净利润TEAMZS
| Q4 25 | $-42.6M | $-11.6M | ||
| Q3 25 | $-51.9M | $-17.6M | ||
| Q2 25 | $-23.9M | $-4.1M | ||
| Q1 25 | $-70.8M | $-7.7M | ||
| Q4 24 | $-38.2M | $-12.1M | ||
| Q3 24 | $-123.8M | $-14.9M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | $12.8M | $-28.5M |
毛利率TEAMZS
| Q4 25 | 85.0% | 76.6% | ||
| Q3 25 | 82.0% | 76.1% | ||
| Q2 25 | 83.1% | 77.0% | ||
| Q1 25 | 83.8% | 77.1% | ||
| Q4 24 | 82.7% | 77.5% | ||
| Q3 24 | 81.7% | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | 82.1% | 77.7% |
营业利润率TEAMZS
| Q4 25 | -3.0% | -4.6% | ||
| Q3 25 | -6.7% | -4.5% | ||
| Q2 25 | -2.1% | -3.7% | ||
| Q1 25 | -0.9% | -6.2% | ||
| Q4 24 | -4.5% | -4.9% | ||
| Q3 24 | -2.7% | -4.5% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | 1.5% | -8.7% |
净利率TEAMZS
| Q4 25 | -2.7% | -1.5% | ||
| Q3 25 | -3.6% | -2.4% | ||
| Q2 25 | -1.7% | -0.6% | ||
| Q1 25 | -5.2% | -1.2% | ||
| Q4 24 | -3.0% | -1.9% | ||
| Q3 24 | -10.4% | -2.5% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | 1.1% | -5.4% |
每股收益（稀释后）TEAMZS
| Q4 25 | $-0.16 | $-0.07 | ||
| Q3 25 | $-0.20 | $-0.11 | ||
| Q2 25 | $-0.08 | $-0.03 | ||
| Q1 25 | $-0.27 | $-0.05 | ||
| Q4 24 | $-0.15 | $-0.08 | ||
| Q3 24 | $-0.48 | $-0.09 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | $0.05 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $2.0B |
| 总资产 | $6.2B | $6.5B |
| 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TEAMZS
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $2.8B | $2.4B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $2.1B | $1.4B |
总债务TEAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益TEAMZS
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $1.1B | $958.9M |
总资产TEAMZS
| Q4 25 | $6.2B | $6.5B | ||
| Q3 25 | $5.7B | $6.4B | ||
| Q2 25 | $6.0B | $5.3B | ||
| Q1 25 | $5.9B | $5.0B | ||
| Q4 24 | $5.4B | $4.7B | ||
| Q3 24 | $5.0B | $4.7B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $5.1B | $3.9B |
负债/权益比TEAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $168.5M | $431.0M |
| 自由现金流率自由现金流/营收 | 10.6% | 54.7% |
| 资本支出强度资本支出/营收 | 0.6% | 2.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $924.9M |
8季度趋势，按日历期对齐
经营现金流TEAMZS
| Q4 25 | $177.8M | $448.3M | ||
| Q3 25 | $128.7M | $250.6M | ||
| Q2 25 | $375.3M | $211.1M | ||
| Q1 25 | $652.7M | $179.4M | ||
| Q4 24 | $351.9M | $331.3M | ||
| Q3 24 | $80.5M | $203.6M | ||
| Q2 24 | — | $173.4M | ||
| Q1 24 | $565.4M | $142.1M |
自由现金流TEAMZS
| Q4 25 | $168.5M | $431.0M | ||
| Q3 25 | $114.6M | $190.6M | ||
| Q2 25 | $360.3M | $138.9M | ||
| Q1 25 | $638.3M | $164.4M | ||
| Q4 24 | $342.6M | $314.3M | ||
| Q3 24 | $74.3M | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | $554.9M | $111.2M |
自由现金流率TEAMZS
| Q4 25 | 10.6% | 54.7% | ||
| Q3 25 | 8.0% | 26.5% | ||
| Q2 25 | 26.0% | 20.5% | ||
| Q1 25 | 47.0% | 25.4% | ||
| Q4 24 | 26.6% | 50.1% | ||
| Q3 24 | 6.3% | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | 46.7% | 21.2% |
资本支出强度TEAMZS
| Q4 25 | 0.6% | 2.2% | ||
| Q3 25 | 1.0% | 8.3% | ||
| Q2 25 | 1.1% | 10.6% | ||
| Q1 25 | 1.1% | 2.3% | ||
| Q4 24 | 0.7% | 2.7% | ||
| Q3 24 | 0.5% | 8.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | 0.9% | 5.9% |
现金转化率TEAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 9.07× | ||
| Q1 24 | 44.34× | — |
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% |
ZS
暂无分部数据
