SSTKNYSEServices-Computer Processing & Data PreparationFiscal year ends December 31
Shutterstock, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$4.46+0.02 (+0.45%)
Close on Oct 19, 2026
- Market cap
- $163.70M
- P/E (TTM)
- –
- Dividend yield
- 29.60%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
58.9%−2.2 pts over 5 years
Operating margin
7.6%−5.2 pts over 5 years
Net margin
4.6%−6.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.8% | +6.1% | +8.2% | +8.8% | |
| Gross profit | +8.2% | +4.3% | +7.4% | +8.8% | |
| Operating income | +9.2% | -7.1% | -2.5% | +6.2% | |
| Net income | +26.6% | -15.8% | -8.7% | +8.8% | |
| EPS, diluted | +23.8% | -15.6% | -8.7% | +8.8% | |
| Free cash flow | – | +2.5% | -2.3% | +5.4% | |
| Dividend per share | +10.0% | +11.2% | +14.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.3% | 19.1% | 8.3% | |
| Return on assets | 6.7% | 10.6% | 3.4% | |
| Current ratio | 1.67 | 1.90 | 0.54 | |
| Debt to equity | – | – | 0.47 | |
| Net debt to EBITDA | – | – | 0.58× | |
| Interest coverage | – | – | 4.5× | |
| Capex to revenue | 8.1% | 3.8% | 4.3% | |
| Diluted shares | 36M | 36M | 36M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Shutterstock generated $714.71M from operations and spent $568.73M on capital expenditure, dividends and share buybacks. 36% of that went back into the business.
Generated
$714.71M
Used
$568.73M
Capital expenditure$206.14M36%Dividends$192.82M34%Share buybacks$169.78M30%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover0.74×
×Equity multiplier2.42×
=Return on equity, FY20258.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 0.74× | 2.42× | 8.3% |
| FY2024 | 3.8% | 0.80× | 2.24× | 6.9% |
| FY2023 | 12.6% | 0.91× | 1.97× | 22.6% |
| FY2022 | 9.2% | 0.96× | 1.89× | 16.6% |
| FY2021 | 11.9% | 0.98× | 1.78× | 20.6% |
| FY2020 | 10.8% | 0.98× | 1.81× | 19.1% |
| FY2019 | 3.1% | 1.12× | 1.89× | 6.5% |
| FY2018 | 8.8% | 1.12× | 1.84× | 18.2% |
| FY2017 | 3.0% | 1.03× | 1.79× | 5.6% |
| FY2016 | 6.6% | 1.02× | 1.69× | 11.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$45.50M
- Cash generatingOperating cash flow above zero$166.69M
- Return on assets improvedROA up on the prior year3.5% → 3.5%
- Earnings backed by cashOperating cash flow above net income$166.69M vs $45.50M
- Less leverageLong-term debt to assets fell9.1% → 8.6%
- Better liquidityCurrent ratio rose0.41 → 0.54
- No dilutionShare count did not rise36M → 36M
- Gross margin improvedGross margin up on the prior year57.63% → 58.90%
- More efficientAsset turnover rose0.90 → 0.76