16 years of historical data (2010–2025) · Communication Services · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Shutterstock, Inc. trades at 13.4x earnings, 49% below its 5-year average of 26.3x, sitting at the 0th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.1x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 5.6x P/FCF, 68% below the 5-year average of 17.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $690M | $693M | $1.1B | $1.7B | $1.9B | $4.1B | $2.6B | $1.5B | $1.3B | $1.5B | $1.7B |
| Enterprise Value | $645M | $648M | $1.3B | $1.7B | $1.9B | $3.9B | $2.2B | $1.3B | $1.0B | $1.3B | $1.5B |
| P/E Ratio → | 13.44 | 15.28 | 30.05 | 15.88 | 25.35 | 45.07 | 36.40 | 75.23 | 23.38 | 91.55 | 52.22 |
| P/S Ratio | 0.70 | 0.70 | 1.16 | 2.00 | 2.33 | 5.35 | 3.91 | 2.35 | 2.05 | 2.73 | 3.45 |
| P/B Ratio | 1.05 | 1.19 | 2.09 | 3.32 | 4.31 | 8.83 | 6.18 | 4.65 | 4.45 | 4.83 | 5.94 |
| P/FCF | 5.57 | 5.59 | — | 20.63 | 19.59 | 23.07 | 19.11 | 20.84 | 20.09 | 30.36 | 32.07 |
| P/OCF | 4.14 | 4.16 | 33.15 | 12.45 | 12.16 | 19.13 | 15.80 | 14.86 | 12.48 | 14.06 | 16.85 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Shutterstock, Inc.'s enterprise value stands at 3.2x EBITDA, 73% below its 5-year average of 11.9x. The Communication Services sector median is 7.5x, placing the stock at a 57% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.65 | 1.37 | 1.95 | 2.29 | 4.99 | 3.33 | 1.95 | 1.68 | 2.27 | 2.99 |
| EV / EBITDA | 3.21 | 3.23 | 8.20 | 11.54 | 11.70 | 24.61 | 17.54 | 18.12 | 13.37 | 20.46 | 22.51 |
| EV / EBIT | 5.87 | 5.90 | 17.53 | 13.74 | 20.54 | 36.84 | 26.04 | 63.00 | 32.19 | 48.01 | 32.32 |
| EV / FCF | — | 5.24 | — | 20.15 | 19.29 | 21.53 | 16.27 | 17.34 | 16.46 | 25.30 | 27.85 |
Margins and return-on-capital ratios measuring operating efficiency
Shutterstock, Inc. earns an operating margin of 11.1%. Operating margins have expanded from 7.8% to 11.1% over the past 3 years, signaling improving operational efficiency. ROE of 8.3% is modest. ROIC of 13.1% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.9% | 58.9% | 57.6% | 59.7% | 62.0% | 64.1% | 61.1% | 57.2% | 57.1% | 58.2% | 58.9% |
| Operating Margin | 11.1% | 11.1% | 7.3% | 7.8% | 11.3% | 14.0% | 12.8% | 3.1% | 5.2% | 4.7% | 9.3% |
| Net Profit Margin | 4.6% | 4.6% | 3.8% | 12.6% | 9.2% | 11.9% | 10.8% | 3.1% | 8.8% | 3.0% | 6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 6.9% | 22.6% | 16.6% | 20.6% | 19.1% | 6.5% | 18.2% | 5.6% | 11.3% |
| ROA | 3.4% | 3.4% | 3.1% | 11.5% | 8.8% | 11.6% | 10.6% | 3.5% | 9.9% | 3.1% | 6.7% |
| ROIC | 13.1% | 13.1% | 8.6% | 11.4% | 23.0% | 71.6% | 119.3% | 23.6% | 41.6% | 32.0% | 62.6% |
| ROCE | 15.6% | 15.6% | 10.8% | 12.7% | 18.4% | 21.8% | 19.9% | 5.8% | 10.1% | 8.4% | 15.1% |
Solvency and debt-coverage ratios — lower is generally safer
Shutterstock, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (81% below the sector average of 3.5x). The company holds a net cash position — cash of $178M exceeds total debt of $134M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 6.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.60 | 0.11 | 0.19 | 0.08 | 0.10 | 0.14 | — | — | — |
| Debt / EBITDA | 0.67 | 0.67 | 1.99 | 0.40 | 0.53 | 0.24 | 0.33 | 0.68 | — | — | — |
| Net Debt / Equity | — | -0.08 | 0.38 | -0.08 | -0.07 | -0.59 | -0.92 | -0.78 | -0.81 | -0.81 | -0.78 |
| Net Debt / EBITDA | -0.22 | -0.22 | 1.28 | -0.28 | -0.18 | -1.77 | -3.06 | -3.65 | -2.96 | -4.10 | -3.41 |
| Debt / FCF | — | -0.36 | — | -0.48 | -0.30 | -1.54 | -2.84 | -3.50 | -3.64 | -5.07 | -4.22 |
| Interest Coverage | 6.54 | 6.54 | 6.51 | 36.85 | 70.08 | — | — | — | — | — | — |
Net cash position: cash ($178M) exceeds total debt ($134M)
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.54x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.65x to 0.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.54 | 0.54 | 0.41 | 0.65 | 0.56 | 1.16 | 1.90 | 1.53 | 1.37 | 1.39 | 1.67 |
| Quick Ratio | 0.54 | 0.54 | 0.41 | 0.65 | 0.56 | 1.16 | 1.90 | 1.53 | 1.37 | 1.39 | 1.67 |
| Cash Ratio | 0.28 | 0.28 | 0.18 | 0.22 | 0.30 | 0.94 | 1.67 | 1.23 | 1.03 | 1.03 | 1.37 |
| Asset Turnover | — | 0.73 | 0.71 | 0.84 | 0.94 | 0.91 | 0.91 | 1.03 | 1.17 | 0.96 | 0.99 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 41.53 | 37.16 | 38.04 | 29.65 | 22.51 | 24.00 | 26.38 | 24.03 | 32.71 | 28.14 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Shutterstock, Inc. returns 7.6% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 102.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 7.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.6% | 6.7% | 3.9% | 2.2% | 1.8% | 0.7% | 0.9% | — | 8.2% | — | — |
| Payout Ratio | 102.3% | 102.3% | 118.0% | 35.1% | 45.5% | 33.4% | 34.0% | — | 191.9% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 6.5% | 3.3% | 6.3% | 3.9% | 2.2% | 2.7% | 1.3% | 4.3% | 1.1% | 1.9% |
| FCF Yield | 18.0% | 17.9% | — | 4.8% | 5.1% | 4.3% | 5.2% | 4.8% | 5.0% | 3.3% | 3.1% |
| Buyback Yield | 0.0% | 0.0% | 3.8% | 1.6% | 3.8% | 0.6% | 0.0% | 0.0% | 0.6% | 1.6% | 3.5% |
| Total Shareholder Yield | 7.6% | 6.7% | 7.8% | 3.8% | 5.6% | 1.4% | 0.9% | 0.0% | 8.8% | 1.6% | 3.5% |
| Shares Outstanding | — | $36M | $36M | $36M | $37M | $37M | $36M | $36M | $35M | $35M | $36M |
Compare SSTK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| SSTKYou | $690M | 13.4 | 3.2 | 5.6 | 58.9% | 11.1% | 8.3% | 13.1% | 0.7 |
| ZG | $11B | 497.8 | — | 45.8 | 74.1% | -1.3% | 0.5% | -0.6% | — |
| Z | $11B | 495.8 | — | 45.7 | 74.1% | -1.3% | 0.5% | -0.6% | — |
| ATHM | $9B | 9.9 | 49.3 | 51.1 | 78.9% | 14.3% | 7.1% | 3.4% | 0.1 |
| GRPN | $644M | -8.4 | 16.8 | 16.1 | 90.2% | 1.8% | -15974.8% | 8.1% | 6.4 |
| TC | $621M | -1.2 | — | — | 68.3% | -182.9% | — | — | — |
| FVRR | $388M | 19.3 | 19.6 | 3.7 | 80.7% | -0.3% | 5.4% | -0.2% | 0.4 |
| CCG | $345M | -7.7 | — | — | 4.6% | -1.9% | -16.7% | -22.8% | — |
| GETY | $321M | 8.2 | 6.4 | 5.3 | 73.1% | 19.2% | 5.6% | 6.9% | 5.6 |
| TRUE | $226M | -7.5 | — | — | 85.0% | -21.2% | -22.3% | -97.7% | — |
| EVER | $57M | 6.0 | -0.6 | 0.6 | 97.2% | 9.6% | 53.2% | 56.0% | -0.0 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 16 years · Updated daily
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Start ComparisonShutterstock, Inc.'s current P/E ratio is 13.4x. The historical average is 50.5x.
Shutterstock, Inc.'s current EV/EBITDA is 3.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.1x.
Shutterstock, Inc.'s return on equity (ROE) is 8.3%. The historical average is 13.4%.
Based on historical data, Shutterstock, Inc. is trading at a P/E of 13.4x. Compare with industry peers and growth rates for a complete picture.
Shutterstock, Inc.'s current dividend yield is 7.64% with a payout ratio of 102.3%.
Shutterstock, Inc. has 58.9% gross margin and 11.1% operating margin. Operating margin between 10-20% is typical for established companies.
Shutterstock, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.