Shutterstock (SSTK)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	110,269	76,103	91,883	71,766	20,108
Revenue	US$ in thousands	875,466	826,488	770,112	669,753	651,063
Net profit margin		12.60%	9.21%	11.93%	10.72%	3.09%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $110,269K ÷ $875,466K
= 12.60%

The net profit margin of Shutterstock Inc has demonstrated fluctuations over the past five years. In 2019, the company had a net profit margin of 3.09%, which then increased to 10.76% in 2020. Subsequently, the net profit margin continued to rise, reaching 11.88% in 2021. There was a slight decrease in 2022 to 9.19%, followed by an increase to 12.61% in 2023.

Overall, the trend indicates that Shutterstock Inc has been able to improve its profitability over the years, with the most significant increase observed between 2019 and 2020. The recent uptick in the net profit margin in 2023 suggests the company's efforts to efficiently manage costs and enhance revenue generation. This trend is a positive indicator of the company's financial performance and ability to generate profit relative to its revenue.