Shutterstock (SSTK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 96,494 | 106,941 | 116,120 | 133,917 | 123,071 |
| Revenue | US$ in thousands | 933,431 | 875,466 | 826,488 | 770,112 | 669,753 |
| Gross profit margin | 10.34% | 12.22% | 14.05% | 17.39% | 18.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $96,494K ÷ $933,431K
= 10.34%
Based on the data provided, Shutterstock's gross profit margin has been on a declining trend over the years. The gross profit margin decreased from 18.38% as of December 31, 2020, to 10.34% as of December 31, 2024.
This consistent decrease in the gross profit margin signifies a reduction in the percentage of revenue retained by the company after accounting for the cost of goods sold.
A declining gross profit margin can indicate various factors such as pricing pressure, increased competition, or inefficiencies in production or cost management. It is essential for Shutterstock to closely monitor and address the underlying issues contributing to the declining margin to ensure long-term profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024