Shutterstock (SSTK)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	35,932	110,269	76,103	91,883	71,766
Revenue	US$ in thousands	933,431	875,466	826,488	770,112	669,753
Net profit margin		3.85%	12.60%	9.21%	11.93%	10.72%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $35,932K ÷ $933,431K
= 3.85%

The net profit margin for Shutterstock has displayed some fluctuations over the past five years. In December 2020, the net profit margin stood at 10.72%, indicating that the company was able to retain approximately 10.72% of its total revenue as profit after accounting for all expenses.

Over the subsequent years, the net profit margin continued to vary. By December 2021, the margin had improved slightly to 11.93%, reflecting a higher profitability level compared to the previous year. However, in December 2022, the net profit margin decreased to 9.21%, suggesting that the company's profitability had declined.

In December 2023, there was a notable increase in the net profit margin to 12.60%, indicating a significant improvement in profitability for that year. However, by December 2024, the net profit margin dropped to 3.85%, which represents a substantial decrease compared to the previous year.

Overall, the fluctuations in Shutterstock's net profit margin over the past five years suggest varying levels of profitability and efficiency in managing costs and expenses. The company may need to focus on strategies to stabilize and enhance its net profit margin to ensure sustainable profitability in the future.