Shutterstock (SSTK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 106,941 | 116,120 | 133,917 | 123,071 | 61,711 |
| Revenue | US$ in thousands | 875,466 | 826,488 | 770,112 | 669,753 | 651,063 |
| Gross profit margin | 12.22% | 14.05% | 17.39% | 18.38% | 9.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $106,941K ÷ $875,466K
= 12.22%
Based on the data provided, Shutterstock Inc's gross profit margin has shown a general downward trend over the past five years, decreasing from 57.24% in 2019 to 59.68% in 2023. Despite some fluctuations in between, such as the increase to 64.10% in 2021, the overall trend indicates a decreasing profitability in terms of gross margin. This decline may suggest that the company is experiencing challenges in maintaining cost-efficient operations or facing pricing pressures in the market. Further analysis would be needed to understand the specific factors contributing to this trend and to evaluate the overall financial health and performance of Shutterstock Inc.
Peer comparison
Dec 31, 2023