Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. SSTK Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Shutterstock (SSTK)

Market Price (9/18/2025): $21.58 | Market Cap: $760.8 Mil
Sector: Communication Services | Industry: Interactive Media & Services

Shutterstock (SSTK)

Market Price (9/18/2025): $21.58
Market Cap: $760.8 Mil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.8%		 Weak multi-year price returns
2Y Excs Rtn is -89%, 3Y Excs Rtn is -119%		 
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%		  
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
3 Weak multi-year price returns
2Y Excs Rtn is -89%, 3Y Excs Rtn is -119%

Market Valuation

 9/18/252024202320222021
Share Price CYE$21.58$28.87$44.45$47.50$98.33
Market Cap CYE ($ Mil)760.81,006.41,586.91,701.23,589.7
Total Debt ($ Mil)297.0301.159.485.637.0
Total Cash ($ Mil)116.4111.3100.5115.2314.0
Enterprise Value ($ Mil)941.51,307.51,646.31,786.83,626.7
Valuation Ratios     
P/S TTM0.81.12.02.35.2
P/EBIT TTM7.114.713.920.638.6
P/E TTM11.829.815.725.044.1
Sector Ratios     
P/S TTM (Sector)1.11.01.11.22.0
P/EBIT TTM (Sector)1.30.90.01.03.2
P/E TTM (Sector)-0.6-0.7-0.5-0.31.7
 9/18/2520242023
Share Price CYE$21.58$28.87$44.45
Market Cap CYE ($ Mil)760.81,006.41,586.9
Total Debt ($ Mil)297.0301.159.4
Total Cash ($ Mil)116.4111.3100.5
Enterprise Value ($ Mil)941.51,307.51,646.3
Valuation Ratios   
P/S TTM0.81.12.0
P/EBIT TTM7.114.713.9
P/E TTM11.829.815.7
Sector Ratios   
P/S TTM (Sector)1.11.01.1
P/EBIT TTM (Sector)1.30.90.0
P/E TTM (Sector)-0.6-0.7-0.5

Market Cap Chart

Business Description

Shutterstock, Inc., a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage. The company provides its services under the Shutterstock, Bigstock, Offset, TurboSquid,PremiumBeat brand names, as well as Application programming interface to enhance workflow and project management needs, and search capabilities. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
SSTK Return70%56%-52%-6%-35%-25%-44%
Peers Return50%11%-47%44%11%-5%34%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADBE, CARG, UPWK, SABR, GOOGL. See SSTK Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Shutterstock (SSTK)

 SSTKBetter Performance than SSTK
MetricValueIndustry (Interactive Media & Services)
Rev Chg LTM14.2%META (19.4%), SPOT (14.8%), RDDT (70.0%), PINS (17.0%), NBIS (542.6%)
Rev Chg 3Y Avg7.9%GOOGL (10.2%), META (13.0%), SPOT (15.7%), RDDT (42.6%), PINS (12.9%)
Op Mgn LTM7.5%GOOGL (32.7%), META (42.9%), SPOT (11.1%), RDDT (7.9%), BIDU (13.3%)
CFO/Rev LTM4.8%GOOGL (36.0%), META (56.4%), SPOT (17.1%), RDDT (24.0%), PINS (27.5%)
FCF/Rev LTM-0.4%GOOGL (18.0%), META (30.7%), SPOT (17.0%), RDDT (23.8%), BIDU (-0.2%)
Total Yield14.3%BIDU (59.5%), AREN (46.6%), SJ (36.1%)
 SSTKBetter Performance than SSTK
MetricValueAll Other Sectors
Rev Chg LTM14.2%NVDA (71.6%), MSFT (14.9%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg7.9%NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%), TSLA (12.9%)
Op Mgn LTM7.5%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AMZN (11.4%), AVGO (39.0%)
CFO/Rev LTM4.8%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AMZN (18.1%), AVGO (42.4%)
FCF/Rev LTM-0.4%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), AMZN (2.0%), AVGO (41.6%)
Total Yield14.3%BABA (37.9%), TM (2077.1%), TD (15.5%), UPS (15.6%), CNQ (18.9%)

Latest Trefis Analyses

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11931.7%11931.7%
2GIBOGIBO10714.0% 
3LNZALanzaTech Global8455.2%-86.3%
4GTIGraphjet Technology3998.4%-93.1%
5GWAVGreenwave Technology Solutions3582.8%-91.4%
6QMMMQMMM3409.6%8153.1%
7ECDAECD Automotive Design2715.2%307.9%
8OESXOrion Energy Systems1373.7%14.2%
9OPOceanPal1266.5%-95.6%
10BCTXBriaCell Therapeutics1032.4%-89.8%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-94.5%-96.0%
2STFSStar Fashion Culture-92.3%-97.9%
3ELPWElong Power-91.1%-76.9%
4NXTTNext Technology-90.1%-95.4%
5EPIXESSA Pharma-89.4%-8.9%
6NAKAKindly MD-88.1% 
7BINIBollinger Innovations-87.6%-100.0%
8JEM707 Cayman-87.4%-98.2%
9YAASYouxin Technology-83.3%-98.4%
10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Shutterstock

Financials

SSTKADBECARGUPWKSABRGOOGLMedian
NameShutters.Adobe CarGurus Upwork Sabre Alphabet  
Mkt Price21.54362.0736.7518.141.84249.5329.14
Mkt Cap0.8155.03.62.40.73,024.83.0
Rev LTM1,01122,6019197732,943371,3991,977
Op Inc LTM768,221188106320121,370254
FCF LTM-59,437229188-27266,728208
FCF 3Y Avg537,74317797-16366,203137
CFO LTM489,615273209-194133,708241
CFO 3Y Avg1088,020230113-81112,636171

Growth & Margins

SSTKADBECARGUPWKSABRGOOGLMedian
NameShutters.Adobe CarGurus Upwork Sabre Alphabet  
Rev Chg LTM14.2%10.6%4.8%3.9%1.3%13.1%7.7%
Rev Chg 3Y Avg7.9%10.6%-14.1%11.2%11.0%10.2%10.4%
Rev Chg Q21.3%10.6%7.0%0.9%-1.1%13.8%8.8%
QoQ Delta Rev Chg LTM4.9%2.6%1.7%0.2%-0.3%3.2%2.1%
Op Mgn LTM7.5%36.4%20.5%13.7%10.9%32.7%17.1%
Op Mgn 3Y Avg8.8%35.1%11.7%2.9%4.5%29.4%10.2%
QoQ Delta Op Mgn LTM1.1%0.1%1.9%1.9%1.4%0.0%1.2%
CFO/Rev LTM4.8%42.5%29.7%27.0%-6.6%36.0%28.4%
CFO/Rev 3Y Avg12.3%39.1%23.1%15.0%-2.8%34.1%19.0%
FCF/Rev LTM-0.4%41.8%24.9%24.3%-9.2%18.0%21.1%
FCF/Rev 3Y Avg6.2%37.7%17.3%12.7%-5.7%20.3%15.0%

Valuation

SSTKADBECARGUPWKSABRGOOGLMedian
NameShutters.Adobe CarGurus Upwork Sabre Alphabet  
Mkt Cap0.8155.03.62.40.73,024.83.0
P/S0.86.94.03.10.28.13.5
P/EBIT7.118.119.322.73.321.618.7
P/E11.822.628.09.8-2.026.217.2
P/CFO15.716.113.311.5-3.722.614.5
Total Yield14.3%4.4%3.6%10.2%-49.8%4.1%4.3%
Dividend Yield5.8%0.0%0.0%0.0%0.0%0.3%0.0%
FCF Yield 3Y Avg3.0%3.9%6.2%6.0%-14.2%3.5%3.7%
D/E0.40.00.10.27.00.00.1
Net D/E0.20.0-0.0-0.16.4-0.0-0.0

Returns

SSTKADBECARGUPWKSABRGOOGLMedian
NameShutters.Adobe CarGurus Upwork Sabre Alphabet  
1M Rtn1.2%1.4%13.5%29.7%2.2%22.7%7.8%
3M Rtn14.6%-4.2%15.7%35.6%-29.2%44.1%15.2%
6M Rtn13.9%-6.7%22.9%35.2%-48.3%52.6%18.4%
12M Rtn-34.9%-29.7%23.7%73.6%-43.0%57.3%-3.0%
3Y Rtn-56.0%20.9%126.4%13.4%-71.4%144.4%17.1%
1M Excs Rtn-1.2%-1.0%11.1%27.3%-0.1%20.4%5.5%
3M Excs Rtn12.5%-15.7%7.5%23.5%-41.4%31.6%10.0%
6M Excs Rtn-2.2%-25.0%5.2%19.8%-64.1%38.1%1.5%
12M Excs Rtn-49.1%-49.9%8.9%59.8%-60.2%41.9%-20.1%
3Y Excs Rtn-118.8%-69.2%31.3%-62.1%-133.7%66.1%-65.7%

Comparison Analyses

Title
0With 32% Gains On The Table, SSTK May Outshine MMS
1CACI or SSTK - With 32% Return Forecast, SSTK Probably Deserves Your Money
2Shutterstock vs. Zynga: With Return Forecast Of 90%, Zynga Is A Better Bet
3Shutterstock vs. Lattice Semiconductor: With Return Forecast Of 14%, Shutterstock Is A Better Bet
4Shutterstock vs. The Trade Desk: With Return Forecast Of 92%, The Trade Desk Is A Better Bet
5Shutterstock vs. Silicon Laboratories: With Return Forecast Of 2.2%, Silicon Laboratories Is A Better Bet
6Shutterstock vs. Globus Medical: With Return Forecast Of 18%, Globus Medical Is A Better Bet
7Shutterstock vs. ABIOMED: With Return Forecast Of 64%, ABIOMED Is A Better Bet
8Shutterstock vs. Adobe: Industry Competitors, But Shutterstock Is A Better Bet
9Shutterstock vs. CACI: Industry Competitors, But CACI Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/29/20255/2/20252/25/202510/29/20248/6/20245/2/20242/26/202410/31/20238/1/20234/25/20232/14/202310/25/2022
Key Financials Quarterly            
Total Revenue267243250251220214217233209215218204
Ebitda704736444142234971612846
Operating Income3510131821172179402629
Net Income2919-118416-1285033723
EPS0.840.54-0.040.500.100.45-0.030.791.390.920.200.64
Key Financials TTM            
Total Revenue TTM1,011964935902885874875875846844828816
Ebitda TTM197168163150155186204209205174161162
Operating Income TTM7662695857456893104121112101
Net Income TTM643836364794110118113827686
Growth Rates Quarterly            
Total Revenue Growth21.3%13.2%15.2%7.4%5.4%-0.4%-0.2%14.3%1.0%8.1%5.8%5.0%
EBITDA Growth71.4%12.3%58.1%-11.8%-42.6%-30.3%-17.4%7.9%80.3%26.8%-4.7%35.2%
Operating Income Growth68.1%-39.1%519.0%5.6%137.1%-58.5%-91.9%-40.1%-65.7%26.5%80.3%29.4%
Net Income Growth712.1%15.9%-42.0%-38.0%-92.8%-50.9%-114.3%23.3%157.2%23.6%-58.3%43.7%
Margins Quarterly            
EBITDA Margin26.2%19.5%14.5%17.4%18.6%19.7%10.6%21.2%34.0%28.1%12.8%22.5%
Operating Income Margin13.0%4.2%5.3%7.2%9.4%7.8%1.0%7.4%4.2%18.8%12.1%14.1%
Net Income Margin11.0%7.7%-0.6%7.0%1.6%7.5%-0.5%12.2%23.9%15.3%3.2%11.3%
Cash & Debt            
Total Cash116112111131757210075879611576
Total Debt2972993013045659596163348686
Net Debt / (Cash)181186190173-18-13-41-14-24-62-3010
Cash Flows Quarterly            
FCF from Operations27258-12288341030676138
Cash Flows TTM            
FCF from Operations TTM485033598082141168195203158152
Returns to Shareholders Quarterly            
Dividends1212101111111010101099
Share Repurchases-0-0-021-0-09154-0-017
Return on Invested Capital (ROIC) Quarterly            
ROIC52.5%20.0%27.7%42.1%-------1011.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM30.4%20.5%20.8%21.5%-------929.0%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Content737789757  
Data, Distribution, and Services1373916  
Single Segment   667651
Total875828773667651


Price Behavior

SSTK Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta2.422.912.691.301.251.33
Up Beta3.844.463.701.441.491.39
Down Beta0.840.743.201.131.061.01
Up Capture272%253%210%123%68%159%
Bmk +ve Days10223571142415
Stock +ve Days11213259112358
Down Capture181%303%223%124%125%108%
Bmk -ve Days11192754106334
Stock -ve Days10203066136390

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity1,264,826
Short Interest: % Change Since 8152025-19.5%
Average Daily Volume184,721
Days-to-Cover Short Interest6.85
Basic Shares Quantity35,257,000
Short % of Basic Shares3.6%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/29/20252.7%1.3%5.5%
5/2/20252.0%14.2%9.7%
10/29/202411.3%10.2%6.3%
8/6/2024-3.3%-7.7%-8.8%
5/2/2024-1.6%-8.9%-3.5%
2/21/2024-1.3%6.4%7.0%
10/31/202318.6%23.1%30.0%
8/1/2023-9.8%-15.0%-18.0%
...
SUMMARY STATS   
# Positive121211
# Negative121213
Median Positive7.6%9.6%8.9%
Median Negative-5.7%-6.7%-8.7%
Max Positive23.6%37.8%33.9%
Max Negative-9.8%-15.0%-28.3%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025729202510-Q 6/30/2025
3312025502202510-Q 3/31/2025
12312024225202510-K 12/31/2024
93020241029202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023226202410-K 12/31/2023
93020231031202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023425202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221025202210-Q 9/30/2022
6302022726202210-Q 6/30/2022
3312022426202210-Q 3/31/2022
12312021210202210-K 12/31/2021
93020211026202110-Q 9/30/2021

Insider Activity

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External Quote Links


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