A Business at a Glance
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Shutterstock, Inc.
SSTK
$203M
Mkt Cap
$5.58
-3.13%
Shutterstock, Inc. (SSTK) has a current P/E ratio of 4.5, compared to its historical median P/E of 29.7. The stock is currently considered Cheap based on its historical valuation range.
Shutterstock, Inc. (SSTK) has a 5-year average return on invested capital (ROIC) of 16.8%. This indicates strong capital allocation and a potential competitive advantage.
Shutterstock, Inc. (SSTK) has a market capitalization of $198M. It is classified as a small-cap stock.
Yes, Shutterstock, Inc. (SSTK) pays a dividend with a trailing twelve-month yield of 24.10%.
Based on historical P/E analysis, Shutterstock, Inc. (SSTK) appears cheap. The current P/E of 4.5 is 85% below its historical median of 29.7. The estimated fair value CAGR (P/E method) is 6.3%.
Shutterstock, Inc. (SSTK) operates in the Services-Computer Processing & Data Preparation industry, within the Technology sector.
Shutterstock, Inc. (SSTK) reported annual revenue of $990 million in its most recent fiscal year, based on SEC EDGAR filings.
Table of Contents Shutterstock, Inc. (referred to herein as the “Company”, “we,” “our,” and “us”) is a leading global creative platform connecting brands and businesses to high quality content. Our platform brings together users and contributors of content by providing readily-searchable content that our customers pay to license and by compensating contributors as their content is licensed. Contributors upload their content to our web properties in exchange for royalty payments based on customer download activity. Beyond content, customers also leverage our platform to assist with the entire creative process from ideation through creative execution. Digital content licensed to our customers for their creative needs includes images, footage, music, and 3D models (our “Content” offering). Our Content revenues represent the majority of our business and are supported by our searchable creative platform and driven by our large contributor network.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 946M | 990M | 935M | 875M | 828M | 773M |
| Net Income | -21M | 45M | 36M | 110M | 76M | 92M |
| EPS | $-0.58 | $1.25 | $1.01 | $3.04 | $2.08 | $2.46 |
| Free Cash Flow | 115M | 124M | -15M | 96M | 115M | 188M |
| ROIC | -19.7% | 6.5% | 7.0% | 13.3% | 35.9% | 21.3% |
| Gross Margin | - | 58.9% | 57.6% | 59.7% | 62.0% | 64.1% |
| Debt/Equity | 0.51 | 0.52 | 0.60 | 0.13 | 0.32 | 0.10 |
| Dividends/Share | $1.34 | $1.32 | $1.20 | $1.08 | $0.96 | $0.84 |
| Operating Income | 34M | 75M | 69M | 68M | 94M | 108M |
| Operating Margin | 3.6% | 7.6% | 7.3% | 7.8% | 11.3% | 14.0% |
| ROE | -3.9% | 8.3% | 6.9% | 22.6% | 16.6% | 20.6% |
| Shares Outstanding | 36M | 36M | 36M | 36M | 37M | 37M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 328M | 425M | 494M | 557M | 623M | 651M | 667M | 773M | 828M | 875M | 935M | 990M | 946M |
| Gross Margin | 60.4% | 58.9% | 58.9% | 58.2% | 57.1% | 57.2% | 61.1% | 64.1% | 62.0% | 59.7% | 57.6% | 58.9% | N/A |
| R&D | 38M | 41M | 48M | 52M | 59M | 57M | 46M | 52M | 65M | 96M | 88M | 89M | 89M |
| SG&A | 38M | 62M | 71M | 99M | 98M | 113M | 117M | 131M | 133M | 143M | 159M | 198M | 207M |
| EBIT | 39M | 41M | 46M | 26M | 32M | 20M | 85M | 108M | 94M | 68M | 69M | 75M | 34M |
| Op. Margin | 11.9% | 9.6% | 9.3% | 4.7% | 5.2% | 3.1% | 12.8% | 14.0% | 11.3% | 7.8% | 7.3% | 7.6% | 3.6% |
| Net Income | 22M | 20M | 33M | 17M | 55M | 20M | 72M | 92M | 76M | 110M | 36M | 45M | -21M |
| Net Margin | 6.7% | 4.6% | 6.6% | 3.0% | 8.8% | 3.1% | 10.8% | 11.9% | 9.2% | 12.6% | 3.8% | 4.6% | -2.2% |
| Non-Recurring | 367K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 9.5M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.8% | 9.1% | 11.7% | 45.8% | 46.2% | 23.6% | 18.2% | 21.3% | 35.9% | 13.3% | 7.0% | 6.5% | -19.7% |
| ROE | 10.2% | 7.2% | 11.3% | 5.6% | 18.2% | 6.5% | 19.1% | 20.6% | 16.6% | 22.6% | 6.9% | 8.3% | -3.9% |
| ROA | 6.7% | 4.6% | 6.7% | 3.1% | 9.9% | 3.5% | 10.6% | 11.6% | 8.8% | 11.5% | 3.1% | 3.4% | -1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 83M | 87M | 101M | 108M | 102M | 103M | 165M | 216M | 158M | 141M | 33M | 167M | 159M |
| Free Cash Flow | 65M | 73M | 61M | 53M | 67M | 77M | 139M | 188M | 115M | 96M | -15M | 124M | 115M |
| Owner Earnings | 51M | 43M | 53M | 48M | 33M | 30M | 95M | 131M | 54M | 12M | -111M | 15M | 11M |
| CapEx | 18M | 14M | 40M | 55M | 35M | 26M | 26M | 28M | 43M | 45M | 47M | 43M | 44M |
| Maint. CapEx | 7.9M | 15M | 20M | 35M | 46M | 50M | 41M | 49M | 68M | 80M | 88M | 91M | 91M |
| Growth CapEx | 10M | 0 | 20M | 20M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.9M | 15M | 20M | 35M | 46M | 50M | 41M | 49M | 68M | 80M | 88M | 91M | 91M |
| CapEx/OCF | 21.7% | 16.1% | 39.7% | 51.0% | 34.1% | 25.4% | 15.5% | 13.0% | 27.3% | 31.8% | 144.6% | 25.7% | 27.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 105M | 0 | 24M | 31M | 35M | 39M | 42M | 47M | 48M |
| Dividend Yield | N/A | N/A | N/A | N/A | 7.7% | N/A | 1.7% | 1.0% | 1.6% | 2.2% | 3.3% | 6.2% | 24.1% |
| Share Buybacks | 0 | 15M | 60M | 25M | 0 | 0 | 0 | 26M | 73M | 28M | 42M | 0 | 0 |
| Buyback Yield | N/A | 1.6% | 4.4% | 2.0% | N/A | N/A | N/A | 0.7% | 4.5% | 1.8% | 4.1% | N/A | 0.0% |
| Stock-Based Comp | 24M | 29M | 28M | 25M | 24M | 23M | 28M | 36M | 36M | 49M | 56M | 61M | 57M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 619K | 0 | 2.2M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -288M | -288M | N/A | N/A | N/A | -246M | -628M | -464M | 29M | -32M | 200M | 122M | 111M |
| Cash & Equiv. | 233M | 241M | 224M | 253M | 231M | 303M | 429M | 314M | 115M | 100M | 111M | 178M | 163M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 50M | 0 | 120M | 117M | 116M |
| Debt/Equity | 0.00 | 0.00 | 0.75 | 0.84 | 0.85 | 0.17 | 0.12 | 0.10 | 0.32 | 0.13 | 0.60 | 0.52 | 0.51 |
| Interest Coverage | 722.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 70.1 | 36.8 | 6.5 | 4.5 | 2.1 |
| Equity | 251M | 289M | 287M | 315M | 287M | 328M | 422M | 468M | 447M | 527M | 518M | 581M | 532M |
| Total Assets | 384M | 469M | 502M | 578M | 531M | 631M | 730M | 852M | 881M | 1.0B | 1.3B | 1.4B | 1.3B |
| Total Liabilities | 132M | 181M | 215M | 263M | 245M | 302M | 308M | 383M | 434M | 509M | 791M | 775M | 779M |
| Intangibles | 4.9M | 30M | 30M | 34M | 30M | 27M | 26M | 124M | 173M | 184M | 248M | 216M | 204M |
| Retained Earnings | 77M | 96M | 129M | 145M | 101M | 121M | 168M | 230M | 271M | 343M | 336M | 335M | 275M |
| Working Capital | 203M | 168M | 136M | 95M | 83M | 131M | 232M | 54M | -168M | -160M | -369M | -290M | -308M |
| Current Assets | 324M | 329M | 340M | 340M | 307M | 377M | 489M | 388M | 216M | 293M | 256M | 339M | 321M |
| Current Liabilities | 120M | 161M | 203M | 246M | 223M | 246M | 257M | 334M | 384M | 452M | 625M | 628M | 629M |
| Per Share Data | |||||||||||||
| EPS | 0.61 | 0.54 | 0.91 | 0.47 | 1.54 | 0.57 | 1.97 | 2.46 | 2.08 | 3.04 | 1.01 | 1.25 | -0.58 |
| Owner EPS | 1.42 | 1.20 | 1.47 | 1.34 | 0.92 | 0.85 | 2.62 | 3.52 | 1.48 | 0.34 | -3.13 | 0.40 | 0.32 |
| Book Value | 6.96 | 7.97 | 8.01 | 8.84 | 8.07 | 9.30 | 11.58 | 12.54 | 12.23 | 14.53 | 14.57 | 15.96 | 14.96 |
| Cash Flow/Share | 2.29 | 2.40 | 2.81 | 3.04 | 2.88 | 2.91 | 4.53 | 5.79 | 4.33 | 3.87 | 0.92 | 4.58 | 1.97 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | 3.00 | 0.00 | 0.68 | 0.84 | 0.96 | 1.08 | 1.20 | 1.32 | 1.34 |
| Shares Out. | 36.1M | 36.2M | 35.9M | 35.6M | 35.5M | 35.3M | 36.4M | 37.4M | 36.6M | 36.3M | 35.6M | 36.4M | 35.6M |
| Valuation | |||||||||||||
| P/E Ratio | 92.7 | 47.9 | 42.0 | 74.9 | 19.8 | 64.6 | 31.3 | 39.8 | 21.6 | 14.5 | 28.0 | 14.6 | -9.7 |
| P/FCF | 31.5 | 12.8 | 22.5 | 23.6 | 16.1 | 17.0 | 16.1 | 19.4 | 14.3 | 16.7 | N/A | 5.4 | 1.7 |
| EV/EBIT | 45.0 | 15.8 | N/A | N/A | N/A | N/A | N/A | 30.9 | 17.4 | 22.3 | 17.8 | 9.9 | 9.1 |
| Price/Book | 8.1 | 3.2 | 4.8 | 4.0 | 3.8 | 4.0 | 5.3 | 7.8 | 3.7 | 3.0 | 1.9 | 1.1 | 0.4 |
| Price/Sales | 6.8 | 3.4 | 2.7 | 2.2 | 2.2 | 1.8 | 2.2 | 4.1 | 2.6 | 2.0 | 1.4 | 0.8 | 0.2 |
| FCF Yield | 3.2% | 7.8% | 4.4% | 4.2% | 6.2% | 5.9% | 6.2% | 5.1% | 7.0% | 6.0% | -1.4% | 18.6% | 58.0% |
| Market Cap | 2.0B | 936M | 1.4B | 1.3B | 1.1B | 1.3B | 2.2B | 3.7B | 1.6B | 1.6B | 1.0B | 665M | 198M |
| Avg. Price | 61.41 | 40.21 | 37.04 | 33.73 | 38.41 | 34.11 | 40.58 | 85.71 | 59.35 | 47.68 | 35.88 | 20.50 | 5.58 |
| Year-End Price | 56.56 | 25.84 | 38.19 | 35.19 | 30.45 | 36.79 | 61.75 | 97.93 | 44.95 | 44.09 | 28.30 | 18.27 | 5.58 |
Shutterstock, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Shutterstock, Inc. trades at 4.5x trailing earnings, compared to its 15-year median P/E of 29.7x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 1.6x vs a median of 16.7x. The company's 5-year average ROIC is 16.8% with a gross margin of 60.5%. Total shareholder yield (dividends) is 24.1%. At current prices, the estimated annualized return to fair value is -12.7%.
Shutterstock, Inc. (SSTK) has a net profit margin of 4.6%. This is a modest margin.
Shutterstock, Inc. (SSTK) generated $124 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Shutterstock, Inc. (SSTK) has a debt-to-equity ratio of 0.52. This indicates moderate leverage.
Shutterstock, Inc. (SSTK) reported earnings per share (EPS) of $1.25 in its most recent fiscal year.
Shutterstock, Inc. (SSTK) has a return on equity (ROE) of 8.3%. This indicates moderate shareholder returns.
Shutterstock, Inc. (SSTK) has a 5-year average gross margin of 60.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Shutterstock, Inc. (SSTK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Shutterstock, Inc. (SSTK) has a book value per share of $15.96, based on its most recent annual SEC filing.