Shutterstock (SSTK) Financials

$18.20 -0.06 (-0.33%)

As of 09:59 AM Eastern

Annual Income Statements for Shutterstock

This table shows Shutterstock's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	36	110	76
Consolidated Net Income / (Loss)	36	110	76
Net Income / (Loss) Continuing Operations	36	110	76
Total Pre-Tax Income	63	122	91
Total Operating Income	69	68	94
Total Gross Profit	539	522	514
Total Revenue	935	875	828
Operating Revenue	935	875	828
Total Cost of Revenue	396	353	314
Operating Cost of Revenue	396	353	314
Total Operating Expenses	470	454	420
Selling, General & Admin Expense	159	143	133
Marketing Expense	223	215	203
Research & Development Expense	88	96	65
Impairment Charge	0.00	0.00	19
Total Other Income / (Expense), net	-6.16	54	-2.59
Interest Expense	11	1.86	1.34
Other Income / (Expense), net	4.40	56	-1.25
Income Tax Expense	27	12	15
Basic Earnings per Share	$1.02	$3.07	$2.11
Weighted Average Basic Shares Outstanding	35.33M	35.88M	36.04M
Diluted Earnings per Share	$1.01	$3.04	$2.08
Weighted Average Diluted Shares Outstanding	35.66M	36.24M	36.55M
Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.54M	35.84M
Cash Dividends to Common per Share	$1.20	$1.08	$0.96

This table shows Shutterstock's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.43	18	3.63	16	-1.01	28	50	33	7.05	23
Consolidated Net Income / (Loss)	-1.43	18	3.63	16	-1.01	28	50	33	7.05	23
Net Income / (Loss) Continuing Operations	-1.43	18	3.63	16	-1.01	28	50	33	7.05	23
Total Pre-Tax Income	8.07	18	17	20	2.06	28	51	41	8.51	27
Total Operating Income	13	18	21	17	2.12	17	8.72	40	7.65	29
Total Gross Profit	138	146	129	126	121	139	124	137	130	124
Total Revenue	250	251	220	214	217	233	209	215	218	204
Operating Revenue	250	251	220	214	217	233	209	215	218	204
Total Cost of Revenue	112	104	91	88	96	94	84	78	88	80
Operating Cost of Revenue	112	104	91	88	96	94	84	78	88	80
Total Operating Expenses	125	128	108	109	119	122	116	97	122	96
Selling, General & Admin Expense	47	44	36	32	33	38	38	34	39	30
Marketing Expense	59	55	52	56	63	56	48	48	48	48
Research & Development Expense	19	29	20	21	23	28	29	15	17	18
Total Other Income / (Expense), net	-5.08	-0.62	-4.11	3.64	-0.06	10	43	1.05	0.86	-1.55
Other Income / (Expense), net	1.03	3.83	-4.11	3.64	1.23	11	43	1.05	2.20	-1.55
Income Tax Expense	9.50	-0.09	13	4.27	3.07	-0.81	1.37	8.57	1.46	4.10
Basic Earnings per Share	($0.03)	$0.50	$0.10	$0.45	($0.03)	$0.79	$1.39	$0.92	$0.20	$0.64
Weighted Average Basic Shares Outstanding	35.33M	35.17M	35.70M	35.59M	35.88M	35.91M	36.05M	35.86M	36.04M	35.93M
Diluted Earnings per Share	($0.04)	$0.50	$0.10	$0.45	($0.02)	$0.79	$1.37	$0.90	$0.20	$0.64
Weighted Average Diluted Shares Outstanding	35.66M	35.47M	35.98M	36.07M	36.24M	36.08M	36.41M	36.58M	36.55M	36.27M
Weighted Average Basic & Diluted Shares Outstanding	34.89M	34.86M	35.42M	35.84M	35.54M	35.71M	36.08M	36.05M	35.84M	35.82M

This table details how cash moves in and out of Shutterstock's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	11	-15	-199
Net Cash From Operating Activities	33	141	158
Net Cash From Continuing Operating Activities	33	141	158
Net Income / (Loss) Continuing Operations	36	110	76
Consolidated Net Income / (Loss)	36	110	76
Depreciation Expense	88	80	68
Non-Cash Adjustments To Reconcile Net Income	52	0.21	58
Changes in Operating Assets and Liabilities, net	-143	-50	-44
Net Cash From Investing Activities	-166	-54	-276
Net Cash From Continuing Investing Activities	-166	-54	-276
Purchase of Property, Plant & Equipment	-47	-45	-47
Acquisitions	-183	-65	-229
Other Investing Activities, net	64	55	-0.17
Net Cash From Financing Activities	150	-103	-79
Net Cash From Continuing Financing Activities	150	-103	-79
Repayment of Debt	-34	-50	-0.62
Repurchase of Common Equity	-42	-28	-73
Payment of Dividends	-42	-39	-35
Issuance of Debt	280	30	50
Other Financing Activities, net	-12	-16	-21
Effect of Exchange Rate Changes	-5.81	1.80	-2.28
Cash Interest Paid	7.83	1.72	1.05
Cash Income Taxes Paid	34	33	23

This table details how cash moves in and out of Shutterstock's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-20	57	3.06	-29	25	-12	-8.69	-19	39	-7.80
Net Cash From Operating Activities	7.97	-12	28	8.30	34	10	30	67	61	38
Net Cash From Continuing Operating Activities	7.97	-12	28	8.30	34	10	30	67	61	38
Net Income / (Loss) Continuing Operations	-1.43	18	3.63	16	-1.01	28	50	33	7.05	23
Consolidated Net Income / (Loss)	-1.43	18	3.63	16	-1.01	28	50	33	7.05	23
Depreciation Expense	23	22	21	21	20	21	19	19	19	18
Non-Cash Adjustments To Reconcile Net Income	60	-32	18	5.89	14	3.51	-27	9.43	33	9.46
Changes in Operating Assets and Liabilities, net	-74	-19	-15	-35	0.57	-43	-13	5.60	2.33	-13
Net Cash From Investing Activities	-10	-148	8.30	-17	7.60	4.21	-50	-16	-18	-18
Net Cash From Continuing Investing Activities	-10	-148	8.30	-17	7.60	4.21	-50	-16	-18	-18
Purchase of Property, Plant & Equipment	-8.92	-15	-9.08	-14	-9.93	-12	-10	-12	-12	-14
Acquisitions	-1.56	-160	-0.83	-20	-1.37	-4.47	-55	-3.53	-5.63	-3.94
Other Investing Activities, net	0.43	27	18	18	19	21	16	-0.03	0.11	-0.00
Net Cash From Financing Activities	-12	213	-32	-19	-19	-25	13	-71	-9.21	-25
Net Cash From Continuing Financing Activities	-12	213	-32	-19	-19	-25	13	-71	-9.21	-25
Repayment of Debt	-1.56	-32	-	0.00	-	-	-	-50	-	-
Payment of Dividends	-10	-11	-11	-11	-9.64	-9.64	-9.73	-9.66	-8.59	-8.63
Other Financing Activities, net	-0.45	-2.86	-0.89	-7.97	-0.63	-0.67	-3.54	-11	-0.63	0.30
Cash Interest Paid	4.88	1.95	0.50	0.51	0.49	0.80	0.00	0.43	0.57	0.38
Cash Income Taxes Paid	12	9.74	9.66	2.90	17	9.18	12	-5.15	3.97	6.78

This table presents Shutterstock's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,309	1,036	881
Total Current Assets	256	293	216
Cash & Equivalents	111	100	115
Accounts Receivable	95	91	67
Prepaid Expenses	49	101	33
Plant, Property, & Equipment, net	66	64	55
Total Noncurrent Assets	987	679	611
Goodwill	570	383	382
Intangible Assets	248	184	173
Noncurrent Deferred & Refundable Income Taxes	71	25	17
Other Noncurrent Operating Assets	98	87	39
Total Liabilities & Shareholders' Equity	1,309	1,036	881
Total Liabilities	791	509	434
Total Current Liabilities	625	452	384
Short-Term Debt	158	30	50
Accounts Payable	9.22	9.11	7.18
Accrued Expenses	208	186	128
Current Deferred Revenue	225	203	187
Other Current Liabilities	25	24	11
Total Noncurrent Liabilities	166	57	50
Long-Term Debt	120	0.00	-
Noncurrent Deferred & Payable Income Tax Liabilities	2.17	4.18	4.47
Other Noncurrent Operating Liabilities	44	52	46
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	518	527	447
Total Preferred & Common Equity	518	527	447
Total Common Equity	518	527	447
Common Stock	469	425	392
Retained Earnings	336	343	271
Treasury Stock	-270	-228	-200
Accumulated Other Comprehensive Income / (Loss)	-17	-12	-15

This table presents Shutterstock's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,349	1,004	1,029	1,016	1,004	843	840
Total Current Assets	277	241	259	269	273	179	161
Cash & Equivalents	131	75	72	75	87	96	76
Accounts Receivable	92	97	94	85	62	48	53
Prepaid Expenses	54	69	93	109	125	35	32
Plant, Property, & Equipment, net	69	63	63	62	59	57	55
Total Noncurrent Assets	1,003	700	706	685	671	607	624
Goodwill	607	403	403	382	383	383	380
Intangible Assets	246	165	175	194	202	168	173
Noncurrent Deferred & Refundable Income Taxes	50	24	28	20	1.61	18	12
Other Noncurrent Operating Assets	100	109	100	89	85	39	59
Total Liabilities & Shareholders' Equity	1,349	1,004	1,029	1,016	1,004	843	840
Total Liabilities	826	483	487	484	485	366	410
Total Current Liabilities	663	432	433	424	408	313	360
Short-Term Debt	159	30	30	30	30	0.00	50
Accounts Payable	15	11	9.37	7.15	6.10	7.78	6.47
Accrued Expenses	210	163	161	174	153	114	117
Current Deferred Revenue	226	187	198	203	207	181	174
Other Current Liabilities	53	43	35	11	11	11	13
Total Noncurrent Liabilities	163	51	54	60	77	53	50
Long-Term Debt	120	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	3.12	3.74	3.80	4.37	17	4.77	3.50
Other Noncurrent Operating Liabilities	39	47	50	55	60	48	46
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	523	520	541	532	520	477	431
Total Preferred & Common Equity	523	520	541	532	520	477	431
Total Common Equity	523	525	541	532	523	480	431
Common Stock	454	442	435	413	403	396	381
Retained Earnings	348	341	348	353	335	294	273
Treasury Stock	-270	-249	-228	-219	-204	-200	-200
Accumulated Other Comprehensive Income / (Loss)	-9.49	-14	-13	-16	-14	-14	-23

This table displays calculated financial ratios and metrics derived from Shutterstock's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	6.94%	5.65%	7.04%
EBITDA Growth	-21.23%	26.87%	4.78%
EBIT Growth	-41.20%	34.59%	-11.80%
NOPAT Growth	-35.91%	-21.31%	-17.48%
Net Income Growth	-67.41%	44.89%	-17.17%
EPS Growth	-66.78%	46.15%	-15.45%
Operating Cash Flow Growth	-76.77%	-11.30%	-26.77%
Free Cash Flow Firm Growth	-1,387.30%	91.52%	-125.72%
Invested Capital Growth	49.98%	19.43%	147.52%
Revenue Q/Q Growth	3.67%	-0.06%	1.46%
EBITDA Q/Q Growth	10.76%	-1.66%	-0.42%
EBIT Q/Q Growth	20.99%	-3.98%	-4.42%
NOPAT Q/Q Growth	6.41%	-9.23%	-12.49%
Net Income Q/Q Growth	-1.16%	-6.81%	-11.45%
EPS Q/Q Growth	-1.94%	-6.75%	-10.73%
Operating Cash Flow Q/Q Growth	-44.32%	-16.22%	4.38%
Free Cash Flow Firm Q/Q Growth	-28.46%	12.78%	-6.41%
Invested Capital Q/Q Growth	2.10%	-6.19%	-5.44%
Profitability Metrics	-	-	-
Gross Margin	57.63%	59.68%	62.03%
EBITDA Margin	17.19%	23.33%	19.43%
Operating Margin	7.35%	7.82%	11.31%
EBIT Margin	7.82%	14.22%	11.16%
Profit (Net Income) Margin	3.84%	12.61%	9.19%
Tax Burden Percent	57.45%	90.04%	83.60%
Interest Burden Percent	85.55%	98.51%	98.55%
Effective Tax Rate	42.55%	9.96%	16.40%
Return on Invested Capital (ROIC)	6.92%	14.68%	29.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.46%	-57.10%	30.30%
Return on Net Nonoperating Assets (RNNOA)	-0.04%	7.95%	-12.54%
Return on Equity (ROE)	6.87%	22.63%	16.62%
Cash Return on Invested Capital (CROIC)	-33.07%	-3.03%	-55.74%
Operating Return on Assets (OROA)	6.23%	12.97%	10.66%
Return on Assets (ROA)	3.06%	11.50%	8.78%
Return on Common Equity (ROCE)	6.87%	22.63%	16.62%
Return on Equity Simple (ROE_SIMPLE)	6.93%	20.92%	17.01%
Net Operating Profit after Tax (NOPAT)	39	62	78
NOPAT Margin	4.22%	7.04%	9.45%
Net Nonoperating Expense Percent (NNEP)	7.38%	71.78%	-1.14%
Return On Investment Capital (ROIC_SIMPLE)	4.96%	11.06%	15.73%
Cost of Revenue to Revenue	42.37%	40.32%	37.97%
SG&A Expenses to Revenue	17.02%	16.31%	16.02%
R&D to Revenue	9.45%	11.00%	7.90%
Operating Expenses to Revenue	50.28%	51.86%	50.72%
Earnings before Interest and Taxes (EBIT)	73	124	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	204	161
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.04	3.17	4.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.13	1.91	2.16
Price to Earnings (P/E)	29.45	15.14	23.50
Dividend Yield	3.95%	2.31%	1.92%
Earnings Yield	3.40%	6.61%	4.26%
Enterprise Value to Invested Capital (EV/IC)	1.79	3.50	4.51
Enterprise Value to Revenue (EV/Rev)	1.31	1.83	2.08
Enterprise Value to EBITDA (EV/EBITDA)	7.62	7.83	10.71
Enterprise Value to EBIT (EV/EBIT)	16.75	12.86	18.65
Enterprise Value to NOPAT (EV/NOPAT)	31.02	25.96	22.02
Enterprise Value to Operating Cash Flow (EV/OCF)	37.51	11.37	10.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.54	0.06	0.11
Long-Term Debt to Equity	0.23	0.00	0.00
Financial Leverage	0.09	-0.14	-0.41
Leverage Ratio	2.24	1.97	1.89
Compound Leverage Factor	1.92	1.94	1.86
Debt to Total Capital	34.89%	5.39%	10.05%
Short-Term Debt to Total Capital	19.86%	5.39%	10.05%
Long-Term Debt to Total Capital	15.02%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.11%	94.61%	89.95%
Debt to EBITDA	1.73	0.15	0.31
Net Debt to EBITDA	1.04	-0.35	-0.41
Long-Term Debt to EBITDA	0.74	0.00	0.00
Debt to NOPAT	7.04	0.49	0.64
Net Debt to NOPAT	4.22	-1.14	-0.83
Long-Term Debt to NOPAT	3.03	0.00	0.00
Altman Z-Score	1.72	3.49	3.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.41	0.65	0.56
Quick Ratio	0.33	0.42	0.48
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-189	-13	-150
Operating Cash Flow to CapEx	69.14%	314.82%	339.20%
Free Cash Flow to Firm to Interest Expense	-17.87	-6.83	-111.97
Operating Cash Flow to Interest Expense	3.09	75.69	118.60
Operating Cash Flow Less CapEx to Interest Expense	-1.38	51.65	83.64
Efficiency Ratios	-	-	-
Asset Turnover	0.80	0.91	0.96
Accounts Receivable Turnover	10.04	11.04	14.40
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	14.31	14.72	16.13
Accounts Payable Turnover	43.24	43.29	36.39
Days Sales Outstanding (DSO)	36.37	33.05	25.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.44	8.43	10.03
Cash Conversion Cycle (CCC)	27.92	24.62	15.31
Capital & Investment Metrics	-	-	-
Invested Capital	685	457	382
Invested Capital Turnover	1.64	2.09	3.08
Increase / (Decrease) in Invested Capital	228	74	228
Enterprise Value (EV)	1,224	1,599	1,723
Market Capitalization	1,058	1,669	1,788
Book Value per Share	$14.87	$14.76	$12.49
Tangible Book Value per Share	($8.60)	($1.14)	($3.00)
Total Capital	796	557	497
Total Debt	278	30	50
Total Long-Term Debt	120	0.00	0.00
Net Debt	166	-70	-65
Capital Expenditures (CapEx)	47	45	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-322	-230	-233
Debt-free Net Working Capital (DFNWC)	-211	-130	-118
Net Working Capital (NWC)	-369	-160	-168
Net Nonoperating Expense (NNE)	3.54	-49	2.16
Net Nonoperating Obligations (NNO)	166	-70	-65
Total Depreciation and Amortization (D&A)	88	80	68
Debt-free, Cash-free Net Working Capital to Revenue	-34.48%	-26.33%	-28.17%
Debt-free Net Working Capital to Revenue	-22.58%	-14.84%	-14.26%
Net Working Capital to Revenue	-39.49%	-18.27%	-20.30%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.02	$3.07	$2.11
Adjusted Weighted Average Basic Shares Outstanding	35.33M	35.88M	36.04M
Adjusted Diluted Earnings per Share	$1.01	$3.04	$2.08
Adjusted Weighted Average Diluted Shares Outstanding	35.66M	36.24M	36.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.54M	35.84M
Normalized Net Operating Profit after Tax (NOPAT)	39	62	94
Normalized NOPAT Margin	4.22%	7.04%	11.34%
Pre Tax Income Margin	6.69%	14.00%	11.00%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	6.92	66.95	69.14
NOPAT to Interest Expense	3.74	33.16	58.58
EBIT Less CapEx to Interest Expense	2.45	42.91	34.18
NOPAT Less CapEx to Interest Expense	-0.73	9.12	23.62
Payout Ratios	-	-	-
Dividend Payout Ratio	117.95%	35.07%	45.45%
Augmented Payout Ratio	233.70%	60.64%	142.01%

This table displays calculated financial ratios and metrics derived from Shutterstock's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.23%	7.43%	5.37%	-0.45%	-0.23%	14.28%	0.95%	8.11%	5.80%	4.97%
EBITDA Growth	58.02%	-11.78%	-46.18%	-30.94%	-16.75%	8.92%	79.96%	26.33%	-2.30%	33.89%
EBIT Growth	322.68%	-21.99%	-67.77%	-50.77%	-65.92%	3.82%	126.22%	26.74%	-30.24%	32.90%
NOPAT Growth	-124.41%	3.09%	-46.67%	-58.64%	-116.38%	-27.34%	-60.95%	23.34%	-63.74%	39.94%
Net Income Growth	-42.05%	-38.02%	-92.75%	-50.92%	-114.28%	23.35%	157.20%	23.60%	-58.27%	43.74%
EPS Growth	-100.00%	-36.71%	-92.70%	-50.00%	-110.00%	23.44%	158.49%	26.76%	-55.56%	48.84%
Operating Cash Flow Growth	-76.54%	-215.69%	-6.20%	-87.57%	-44.49%	-73.45%	-19.10%	193.87%	12.20%	-30.98%
Free Cash Flow Firm Growth	-206.09%	-156.21%	85.29%	35.01%	66.00%	68.54%	81.56%	-93.82%	-54.21%	-37.29%
Invested Capital Growth	49.98%	37.81%	2.85%	31.20%	19.43%	20.38%	17.04%	104.34%	147.52%	131.96%
Revenue Q/Q Growth	-0.11%	13.88%	2.68%	-1.34%	-6.87%	11.69%	-2.99%	-1.12%	6.68%	-1.34%
EBITDA Q/Q Growth	-14.11%	14.81%	-8.79%	85.82%	-52.05%	-29.95%	17.04%	122.18%	-37.26%	15.74%
EBIT Q/Q Growth	-35.48%	32.72%	-18.78%	889.81%	-88.09%	-45.16%	24.07%	386.71%	-63.72%	19.49%
NOPAT Q/Q Growth	-112.76%	303.20%	-65.83%	1,376.44%	-105.86%	108.58%	-73.50%	405.58%	-74.00%	12.10%
Net Income Q/Q Growth	-108.11%	385.93%	-77.51%	1,702.49%	-103.54%	-43.18%	52.28%	366.12%	-69.42%	18.49%
EPS Q/Q Growth	-108.00%	400.00%	-77.78%	2,350.00%	-102.53%	-42.34%	52.22%	350.00%	-68.75%	20.75%
Operating Cash Flow Q/Q Growth	168.76%	-141.43%	236.93%	-75.55%	239.02%	-66.41%	-55.35%	9.18%	62.17%	2.34%
Free Cash Flow Firm Q/Q Growth	-39.06%	-1,815.08%	91.80%	-40.11%	-16.40%	-9.98%	63.77%	26.70%	-7.71%	35.53%
Invested Capital Q/Q Growth	2.10%	41.05%	-4.79%	9.39%	-6.19%	5.27%	21.45%	-0.43%	-5.44%	2.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.08%	58.34%	58.53%	58.84%	55.88%	59.61%	59.58%	63.69%	59.62%	60.85%
EBITDA Margin	14.97%	17.41%	17.27%	19.44%	10.92%	21.20%	33.80%	28.01%	13.08%	22.24%
Operating Margin	5.25%	7.24%	9.39%	7.81%	0.98%	7.37%	4.17%	18.75%	3.51%	14.05%
EBIT Margin	5.67%	8.77%	7.53%	9.51%	1.54%	12.08%	24.60%	19.24%	4.52%	13.30%
Profit (Net Income) Margin	-0.57%	7.03%	1.65%	7.52%	-0.46%	12.18%	23.95%	15.26%	3.24%	11.29%
Tax Burden Percent	-17.71%	100.50%	21.89%	79.06%	-48.84%	102.92%	97.34%	79.30%	82.81%	84.90%
Interest Burden Percent	56.91%	79.75%	100.00%	100.00%	61.40%	98.01%	100.00%	100.00%	86.43%	100.00%
Effective Tax Rate	117.71%	-0.50%	78.11%	20.94%	148.84%	-2.92%	2.66%	20.70%	17.19%	15.10%
Return on Invested Capital (ROIC)	-1.52%	11.35%	3.88%	12.26%	-1.00%	14.90%	8.02%	44.27%	8.97%	33.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.35%	10.13%	5.64%	8.08%	-1.04%	-15.11%	-83.07%	43.80%	8.59%	34.45%
Return on Net Nonoperating Assets (RNNOA)	0.03%	0.99%	-0.55%	-1.09%	0.15%	1.12%	7.99%	-16.83%	-3.56%	-12.43%
Return on Equity (ROE)	-1.49%	12.33%	3.33%	11.17%	-0.85%	16.02%	16.00%	27.44%	5.41%	21.21%
Cash Return on Invested Capital (CROIC)	-33.07%	-25.39%	5.75%	-17.60%	-3.03%	-3.27%	1.82%	-38.84%	-55.74%	-48.59%
Operating Return on Assets (OROA)	4.52%	6.69%	6.63%	8.88%	1.41%	11.39%	22.47%	19.82%	4.32%	12.91%
Return on Assets (ROA)	-0.46%	5.36%	1.45%	7.02%	-0.42%	11.49%	21.87%	15.72%	3.09%	10.96%
Return on Common Equity (ROCE)	-1.49%	12.33%	3.35%	11.21%	-0.85%	16.02%	16.07%	27.55%	5.41%	21.21%
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.95%	9.06%	17.28%	0.00%	22.24%	21.74%	17.29%	0.00%	19.96%
Net Operating Profit after Tax (NOPAT)	-2.33	18	4.52	13	-1.04	18	8.48	32	6.33	24
NOPAT Margin	-0.93%	7.28%	2.06%	6.18%	-0.48%	7.59%	4.06%	14.87%	2.91%	11.93%
Net Nonoperating Expense Percent (NNEP)	-1.87%	1.22%	-1.76%	4.19%	0.05%	30.01%	91.08%	0.47%	0.38%	-0.80%
Return On Investment Capital (ROIC_SIMPLE)	-0.29%	-	-	-	-0.19%	-	-	-	1.27%	-
Cost of Revenue to Revenue	44.92%	41.66%	41.47%	41.16%	44.12%	40.39%	40.42%	36.31%	40.38%	39.15%
SG&A Expenses to Revenue	18.63%	17.57%	16.54%	14.97%	15.26%	16.11%	18.24%	15.71%	17.71%	14.79%
R&D to Revenue	7.55%	11.42%	9.02%	9.82%	10.79%	12.05%	13.99%	7.16%	7.86%	8.59%
Operating Expenses to Revenue	49.83%	51.09%	49.14%	51.03%	54.90%	52.24%	55.41%	44.94%	56.10%	46.79%
Earnings before Interest and Taxes (EBIT)	14	22	17	20	3.36	28	51	41	9.85	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	44	38	42	24	49	71	60	28	45
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.04	2.40	2.64	3.00	3.17	2.51	3.26	5.24	4.00	4.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.13	1.39	1.57	1.86	1.91	1.52	2.02	2.98	2.16	2.12
Price to Earnings (P/E)	29.45	34.46	29.41	17.35	15.14	11.27	15.13	30.58	23.50	20.16
Dividend Yield	3.95%	3.31%	2.95%	2.44%	2.31%	2.84%	2.15%	1.41%	1.92%	1.93%
Earnings Yield	3.40%	2.90%	3.40%	5.76%	6.61%	8.87%	6.61%	3.27%	4.26%	4.96%
Enterprise Value to Invested Capital (EV/IC)	1.79	2.09	2.82	3.17	3.50	2.65	3.57	6.37	4.51	4.22
Enterprise Value to Revenue (EV/Rev)	1.31	1.55	1.52	1.81	1.83	1.47	1.95	2.87	2.08	2.09
Enterprise Value to EBITDA (EV/EBITDA)	7.62	9.65	8.89	8.62	7.83	6.21	8.12	14.08	10.71	10.56
Enterprise Value to EBIT (EV/EBIT)	16.75	23.18	20.15	15.59	12.86	9.95	12.86	24.29	18.65	17.65
Enterprise Value to NOPAT (EV/NOPAT)	31.02	37.76	33.43	38.30	25.96	18.99	21.98	28.75	22.02	19.08
Enterprise Value to Operating Cash Flow (EV/OCF)	37.51	23.89	16.73	19.27	11.37	7.68	8.45	11.97	10.88	11.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	49.76	0.00	0.00	0.00	211.86	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.53	0.06	0.06	0.06	0.06	0.06	0.00	0.11	0.12
Long-Term Debt to Equity	0.23	0.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.09	0.10	-0.10	-0.14	-0.14	-0.07	-0.10	-0.38	-0.41	-0.36
Leverage Ratio	2.24	2.24	1.93	1.84	1.97	1.93	1.95	1.78	1.89	1.86
Compound Leverage Factor	1.28	1.79	1.93	1.84	1.21	1.89	1.95	1.78	1.64	1.86
Debt to Total Capital	34.89%	34.81%	5.45%	5.25%	5.39%	5.34%	5.46%	0.00%	10.05%	10.40%
Short-Term Debt to Total Capital	19.86%	19.80%	5.45%	5.25%	5.39%	5.34%	5.46%	0.00%	10.05%	10.40%
Long-Term Debt to Total Capital	15.02%	15.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.11%	65.19%	95.44%	94.75%	94.61%	94.66%	95.24%	100.79%	89.95%	89.60%
Debt to EBITDA	1.73	1.92	0.20	0.16	0.15	0.14	0.15	0.00	0.31	0.31
Net Debt to EBITDA	1.04	1.02	-0.30	-0.23	-0.35	-0.22	-0.28	0.00	-0.41	-0.16
Long-Term Debt to EBITDA	0.74	0.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	7.04	7.53	0.75	0.73	0.49	0.44	0.40	0.00	0.64	0.56
Net Debt to NOPAT	4.22	3.99	-1.12	-1.01	-1.14	-0.67	-0.76	0.00	-0.83	-0.29
Long-Term Debt to NOPAT	3.03	3.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.57	1.65	2.90	3.18	3.10	2.91	3.43	5.59	3.65	3.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-0.84%	-0.37%	0.00%	0.00%	-0.41%	-0.41%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.41	0.42	0.56	0.60	0.65	0.64	0.67	0.57	0.56	0.45
Quick Ratio	0.33	0.34	0.40	0.38	0.42	0.38	0.37	0.46	0.48	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-231	-166	-8.66	-106	-75	-65	-59	-162	-222	-206
Operating Cash Flow to CapEx	89.33%	-78.48%	308.15%	57.40%	341.88%	84.54%	284.21%	539.38%	504.47%	276.46%
Free Cash Flow to Firm to Interest Expense	0.00	-37.24	0.00	0.00	0.00	-115.13	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-2.60	0.00	0.00	0.00	17.82	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-5.92	0.00	0.00	0.00	-3.26	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.76	0.88	0.93	0.91	0.94	0.91	1.03	0.96	0.97
Accounts Receivable Turnover	10.04	10.16	11.12	12.28	11.04	12.67	15.31	18.14	14.40	16.64
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.31	13.82	14.45	14.56	14.72	14.95	15.11	15.80	16.13	15.69
Accounts Payable Turnover	43.24	34.16	44.41	42.29	43.29	50.64	55.14	43.11	36.39	52.62
Days Sales Outstanding (DSO)	36.37	35.92	32.83	29.73	33.05	28.80	23.85	20.13	25.34	21.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.44	10.68	8.22	8.63	8.43	7.21	6.62	8.47	10.03	6.94
Cash Conversion Cycle (CCC)	27.92	25.24	24.61	21.10	24.62	21.60	17.23	11.66	15.31	14.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	685	671	476	499	457	487	462	381	382	404
Invested Capital Turnover	1.64	1.56	1.89	1.99	2.09	1.96	1.97	2.98	3.08	2.82
Increase / (Decrease) in Invested Capital	228	184	13	119	74	82	67	194	228	230
Enterprise Value (EV)	1,224	1,401	1,342	1,581	1,599	1,288	1,651	2,423	1,723	1,706
Market Capitalization	1,058	1,253	1,387	1,623	1,669	1,333	1,708	2,519	1,788	1,732
Book Value per Share	$14.87	$14.76	$14.66	$15.21	$14.76	$14.74	$14.52	$13.40	$12.49	$11.97
Tangible Book Value per Share	($8.60)	($9.32)	($1.17)	($1.02)	($1.14)	($1.22)	($1.71)	($1.96)	($3.00)	($3.39)
Total Capital	796	802	550	571	557	562	550	477	497	481
Total Debt	278	279	30	30	30	30	30	0.00	50	50
Total Long-Term Debt	120	120	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	166	148	-45	-42	-70	-45	-57	-96	-65	-26
Capital Expenditures (CapEx)	8.92	15	9.08	14	9.93	12	10	12	12	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-322	-359	-236	-216	-230	-200	-191	-230	-233	-225
Debt-free Net Working Capital (DFNWC)	-211	-227	-161	-144	-130	-125	-104	-135	-118	-149
Net Working Capital (NWC)	-369	-386	-191	-174	-160	-155	-134	-135	-168	-199
Net Nonoperating Expense (NNE)	-0.90	0.63	0.90	-2.88	-0.03	-11	-42	-0.83	-0.71	1.31
Net Nonoperating Obligations (NNO)	166	148	-45	-42	-70	-45	-57	-96	-65	-26
Total Depreciation and Amortization (D&A)	23	22	21	21	20	21	19	19	19	18
Debt-free, Cash-free Net Working Capital to Revenue	-34.48%	-39.74%	-26.71%	-24.71%	-26.33%	-22.86%	-22.61%	-27.30%	-28.17%	-27.61%
Debt-free Net Working Capital to Revenue	-22.58%	-25.18%	-18.25%	-16.49%	-14.84%	-14.26%	-12.31%	-15.94%	-14.26%	-18.27%
Net Working Capital to Revenue	-39.49%	-42.78%	-21.64%	-19.93%	-18.27%	-17.69%	-15.86%	-15.94%	-20.30%	-24.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.50	$0.10	$0.45	($0.03)	$0.79	$1.39	$0.92	$0.20	$0.64
Adjusted Weighted Average Basic Shares Outstanding	35.33M	35.17M	35.70M	35.59M	35.88M	35.91M	36.05M	35.86M	36.04M	35.93M
Adjusted Diluted Earnings per Share	($0.04)	$0.50	$0.10	$0.45	($0.02)	$0.79	$1.37	$0.90	$0.20	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	35.66M	35.47M	35.98M	36.07M	36.24M	36.08M	36.41M	36.58M	36.55M	36.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.89M	34.86M	35.42M	35.84M	35.54M	35.71M	36.08M	36.05M	35.84M	35.82M
Normalized Net Operating Profit after Tax (NOPAT)	9.20	13	14	13	1.49	12	8.48	32	6.33	24
Normalized NOPAT Margin	3.68%	5.07%	6.57%	6.18%	0.68%	5.16%	4.06%	14.87%	2.91%	11.93%
Pre Tax Income Margin	3.22%	6.99%	7.53%	9.51%	0.95%	11.84%	24.60%	19.24%	3.91%	13.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	4.94	0.00	0.00	0.00	50.13	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	4.10	0.00	0.00	0.00	31.48	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	1.62	0.00	0.00	0.00	29.06	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.78	0.00	0.00	0.00	10.41	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	117.95%	114.38%	86.11%	42.40%	35.07%	31.78%	32.41%	43.15%	45.45%	39.16%
Augmented Payout Ratio	233.70%	254.09%	181.10%	42.40%	60.64%	47.85%	50.61%	43.15%	142.01%	150.64%

Frequently Asked Questions About Shutterstock's Financials

When does Shutterstock's financial year end?

According to the most recent income statement we have on file, Shutterstock's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Shutterstock's net income changed over the last 2 years?

Shutterstock's net income appears to be on a downward trend, with a most recent value of $35.93 million in 2024, falling from $76.10 million in 2022. The previous period was $110.27 million in 2023. See where experts think Shutterstock is headed by visiting Shutterstock's forecast page.

What is Shutterstock's operating income?

Shutterstock's total operating income in 2024 was $68.71 million, based on the following breakdown:

Total Gross Profit: $538.97 million
Total Operating Expenses: $470.26 million

How has Shutterstock revenue changed over the last 2 years?

Over the last 2 years, Shutterstock's total revenue changed from $827.83 million in 2022 to $935.26 million in 2024, a change of 13.0%.

How much debt does Shutterstock have?

Shutterstock's total liabilities were at $790.81 million at the end of 2024, a 55.4% increase from 2023, and a 82.3% increase since 2022.

How much cash does Shutterstock have?

In the past 2 years, Shutterstock's cash and equivalents has ranged from $100.49 million in 2023 to $115.15 million in 2022, and is currently $111.25 million as of their latest financial filing in 2024.

How has Shutterstock's book value per share changed over the last 2 years?

Over the last 2 years, Shutterstock's book value per share changed from 12.49 in 2022 to 14.87 in 2024, a change of 19.0%.

Related Companies

This page (NYSE:SSTK) was last updated on 5/30/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Shutterstock (SSTK) Financials

Frequently Asked Questions About Shutterstock's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Shutterstock (SSTK) Financials

Annual Income Statements for Shutterstock

Quarterly Income Statements for Shutterstock

Annual Cash Flow Statements for Shutterstock

Quarterly Cash Flow Statements for Shutterstock

Annual Balance Sheets for Shutterstock

Quarterly Balance Sheets for Shutterstock

Annual Metrics And Ratios for Shutterstock

Quarterly Metrics And Ratios for Shutterstock

Frequently Asked Questions About Shutterstock's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools